Member Info for Quady

I thought an explanation on the Election process might be useful.
We have 16 parties going to compete for power on the 7th Feb.
If any party gets over 40% of the votes cast, and they are the only party that gets above 40%, then they are the winner and we will know soon after.
However if two parties get above 40%, then the person with the highest percentage, is the winner and again we know very soon after.
However is no party gets 40%, as was the result last time ( Moreno got just over 39% )
Then the two top parties have a run off at the beginning of April.
Hope this is helpful.

Morning E.T I don't think any of us will be surprised if the PFS is not delivered on time.
On the case of the Feb elections, you won't know the result till the beginning of April, due to the way the election process works in Ecuador.

The way t fix this is by means of a return code. The user must give his mail address, and create a password, and mobile telephone number. The account remains inactive until a code sent to the phone number is verified. Then if the user posts hate of any sort, it's the phone number that is blacklisted, and cannot be used for any new accounts.

Or DBW could do the decent thing and identify him to admin to take appropriate action. He knows the 100 a month post would not stop the problem, as he would just create more users. That's why DBW suggested it.

Problem is fair value is an upward moving target.

Novice and Monte, you both see what I see.
This is the power of a diverse book.
Some on here add up BHP, NCM and CGP, and say they are against us.
But they wouldn't sell up cheap.
They are in competition.
Remember NCM have publicly stated they want to add, so they won't be selling at any price, as they are thinking long term and want this to go to production.

Novice they did it for the reasons stated in the RNS.
They are changing from an explorer to a producer.
They made that clear.
The Bod consists of the governance and expertise required to build and go into production.
They have now stated that the new CEO will have construction experience in block cave mining.
The direction and intent is clear .

OK Fastjet as you love a good conspiracy theory, I will give you one.
We have been here since 2006, that's 15 years now.
Every communication goes out into space, and travels at the speed of light.
Andromeda is only 2.5 billon light years away.
I understand that as a Galaxy they have a Copper shortage.
Expect a bid in 2.5 billion years after we build it.
OK that's my take and a lot more sensible than some on here.

All the best.

Hi Novice I say this is long term, as I have been here for 8 years, and since day one, people have been telling me that they wouldn't want to be out over the weekend, or a sell is imminent.
If I believed them I would have sold up ages ago.
I have an understanding of this share, like others on here, that we have to listen to what is being said by the company.
If the company changes their position, I will reassess mine, and act accordingly.

I agree Novice, whatever happens, this is not a short term share.
I do feel many will fall by the way, having gotten this far.
I think I should temper this by saying there us no such thing as a safe bet.
I always say, just understand why you personally are invested.
Too many on here, getting upset because the company won't change direction to support them.
That's silly.

All the best.

Not quite Monte, the low interest doesn't equate to how interested the majors are in us, as they are not buying or selling.
What volume does is get the share price to a sensible level.
Too much to go into on this forum, but a basic explanation is more volume equates to more trades, and traders will be more active, that on it's own doesn't change the share price, but a level arises that is representative of the company position because the spread becomes narrow, and positions are taken more often, even by the traders.

OK Monte, that's not true.
After the PEA we have a NPV on Alpala alone of 3.3 billion pounds.
That at full value is above 1.50 pounds a share.
So ask yourself, why are we not even at 75 pence now.
It doesn't work that way.
I reckon the PFS will put us over 4.2 billion pounds that is just over 2 pounds a share.
I believe we will be over 5 billion pounds on PFS.
Remember this is just for Alpala alone, that means we give everything else away for nothing.
So even 2 pounds a share, is selling cheap.
But it doesn't matter, as we have no volume on daily trades, so no interest in us.
Only way to extract value is too build Alpala, and as we construct Alpala, that means less risk as we continue to construct, that way we get value.

Jerry lots of people were getting lots of likes for ramping SXX. It's not about likes, it's about understanding.
But please go ahead, base your investment decisions on how many likes a person gets.

Hello Monte.
The problem we have, is we are being valued on NPV, not NAV.
This is because we have a resource and not a business, as we have no revenue.
So if someone wanted to buy us, they would have to assess how much is was worth too them.
It would be cheap because of the time and constraints of building Alpala.
Remember we are talking about billions to buy and billions to bring to production with no revenue.
As the owners of Solgold we save on more than 50% of the cost, as we don't need to buy it, as we own it.
So that just leaves the last problem who builds it.
If we JV, the costs are taken care of, but we lose so much, so JV is selling Alpala cheap.
If we sell Solgold as a whole, we won't even get the value of Alpala based on NPV.
The reason for this is as shareholders we value our asset by NPV, anyone who builds this values it by NAV.
We maybe will get a buyer for Alpala or Solgold, but it will be after we build Alpala, so that as so many on here say the project is de-risked.
People said this was de-risked after hole 5, after the PEA and have been repeating it since. a few of the so called experts on here said it would be sold after the BHP standstill came to an end in October, the same people said we would be sold by Christmas. They then say NM has gone, so we are going to sell. they pay no attention to the RNS that clearly showed NM taking another role, and they are looking for a CEO to build this.
They are now saying that this will be sold after PFS or the election.
Every time these so called experts with all this cooperate experience get it wrong, it's me that doesn't understand how business works and I don't know what I am talking about.
I have been investing 40 years and seen this so many times.

You only need to know one thing.
That is know why you are personally invested, and looking at various scenario's understand what is the most likely outcome.
Keep an eye on things and don't be afraid to reassess things. ( on the facts, not what people say on here )
Just waiting for the next set of excuses after the election and PFS, when we are still not sold.
There will of course be the usual rubbish, that we can't build it.
But the engineers on here know this is rubbish.
I wonder what the armchair CEO's will say when we get a CFP and we raise the funding to build Alpala.
They will say it's a tactic to force a bid.
It's ridiculous.

I have been in that position in Germany Scrat, I ended up a tree. Only 3 wolves though not 14.

Afternoon Monte.
I understand your view, but Solgold has listened to their shareholders, the ones that want to buy us cheap. lost to the ones that don't want to sell cheap and take us to production.
The job of the Board is to develop strategy and execute it. They are doing that.
Hopefully we as shareholders understand why we are invested.

All the best.

Schlemiel I don't know how you can say that.
There is a defined strategy, it has constantly been repeated for the last 5 years.
We are becoming a mining major, and the plan is to take Alpala to production, if you don't believe me watch the webinars of last quarter, read the RNS's
At no point has anyone in Solgold suggested we will be sold.
People on here always repeat that NM has said that Solgold would be sold for the right price.
So all anyone has to do is look at the PFS when it arrives and give us the NPV value of Alpala for the whole company.
I suspect that kind of bid would be successful, but would still undervalue us greatly.
So if PFS is 4.4 billion pounds ( currently 3.3 billion pounds at PEA with gold at 1300 dollars an ounce used for the calculation )
Then all anyone has to do is offer us 2 pounds a share.
As I have said often, no one is going to offer us that, so we proceed to production.

It's only the conspiracy theorists on here that pretend that Solgold is lying, and the plan is to sell out.
This is because it supports their personal strategy and completely ignores all the statements made by the company.

So a good rule is listen to the company your invested in, and not the armchair CEO's on this chatroom.

Good afternoon Colonel, I always read your posts with great interest, but there is a lot of conflation in your last post, I would like to question one aspect in particular.
You state we should read the RNS's to see the emerging story, I have done this many times and it emerges that the direction of Solgold is to take Alpala to production, yet you have posted the comment, I will paste in below.

Followed by Alpala Committee decision to sell or JV Alpala??? Which ultimately may lead to Alpala being drilled for another 1 to 2 years by the new majority holders???

I don't recall this, could you tell me which RNS date it is, so I may read it.

Many thanks and keep posting.

Colonel you express my point eloquently, but miss the conclusion.
Anyone can bid for Solgold at any time. All they need to do is offer full value or near to full value. Nobody is going to do that. For all the reasons I have given. So they own over 13% of the company and have two chances. Watch Solgold get the funding for Alpala and go to production, or purchase Solgold in its entirety. Buying Alpala separately isn't an option, for all the reasons that Solgold have said, and indeed alluded too.
Question why has no one bid for Solgold, forget about BHP, anyone can bid for them.
The answer is the same as it has always been.
The price is too high. Well above what they want to pay. NM stepping down to bring on a CEO with experience of building a block cave operation in Ecuador tells the whole story.

He is not left wing, he is left of center, Some of the worlds greatest leaders have been Socialists, read your History schlemiel.
It's the extremes on both sides that are the brain dead,