Member Info for Quady

Sorry Timid, you are believing the propaganda written on this board.
CGP will most likely vote against NM continuing as CEO, their is no evidence to suggest any of the others will.
NCM and BHP are interesting, as any move to remove NM, may be seen as one or the others making a bid.
Both parties want to retain their stake. NCM has publicly declared they want to increase their stake in Solgold, BHP have not announced a position.
So likely NCM in my opinion will back the resolutions.
Don't see any reason why Blackrock would want to remove NM either.
This will all resolve itself soon.

Morning newtoit.
You make my point, if we did get a bid of 2.40 pounds a share, then we get a successful bid, and we are taken over.
But who is going to bid nearly 5 billion pounds at this stage.

Schlemiel, a low ball offer is a phrase, NM has been quite clear in many webinars.
We are going to finance Alpala based on NPV, not on the share price.
To a large extent, the share price is irrelevant at the moment. ( apart from a higher share price, would make a takeover even tougher ).
So we currently stand at a NPV of roughly 3.3 billion pounds at PEA, and a share price of less than 1 billion pounds.
Many ways of calculating what people think is a fair share price, that's why people disagree on valuing a deposit that we have not built the infrastructure to mine yet.
We are about to get the PFS, I believe this will be in excess of 5 billion pounds, maybe in excess of 6 billion pounds.
Again the share price is below 1 billion pounds.
So make your own assessment what you think a low ball offer is.
a 1 pound offer to me is extremely low ball, as it values us at around 2 billion pounds.
After PFS, some may consider 2 pounds a share as low ball.
Remember these are figures for Alpala alone, as we have no studies for any of the other sites we are drilling, so are not part of the NPV calculation.
As we get to PEA on other sites, some may consider 5 pounds a share as a low ball offer.
My point is, that this is a moving target, and the more value we attribute to Solgold as a company, then any bidder, needs to offer more money, not to be considered low ball.
By the end of 2021 we may have a DFS completed for Alpala, and who knows a PEA for one or more sites.
This to my mind would increase the NPV in a substantial way.

Morning easyp, I have always said a bid was possible, I just see no evidence for it.
I believe production is the most likely outcome, and have posted evidence and factual information, as to why this is.
The people who are saying a bid is imminent have said this for years, and when you ask them why they believe that, most, not all say things, like NM is playing a game, he has to say these things, he's bluffing.
Even when they are in RNS's which have to be factual.
Some people want their outcome so badly, they cannot see how twisted their arguments have become.

Good morning Iceberg and rcgl2, please keep posting, as I and others like your non conspiracy posts.
Iceberg, it doesn't matter to me if you don't believe this is going to production, I can tell by the way you post, that you personally know why you are invested, and will keep a close eye on things as they develop.
rcgl2 same for yourself, I enjoyed the story about the Sun and the Earth.
That is exactly my point, what would the situation look like if we are going to production, and wanted to remain independent, and defend unfriendly bids.
Well I believe it would look as it does, and that's the reason I am invested.
Thank you guys.

Jerry I have been critical, I just wait for them to update the general public, either from a webinar or a RNS.
I was critical of the PFS not being delivered on the 30th Sept 2020.
I was critical of Jason Ward promising 22 Oct 2020 as a revised date for the PFS when it passed.
However it was tempered by wanting an explanation, not condemning the company.
When we did get the RNS explaining, I was satisfied, as it made sense, but I was still critical it took so long.
Many people on here are critical to such an extent, I ask myself why are they invested in such a long term project.
These people are critical, and have no reason to be.
NM has made no secret of we are going to production, yet people invested knowing this, and then are critical of NM's approach, and the fact we are going to production. ( now that's just crazy )

Jerry, please don't join the conspiracy theorists. I am no one's stooge.
You have a point on timelines, but come on. We have had the reason for the delay to the PFS, and it's some redesigning needs to take place. The timeline may slip again.
On promises, they are proceeding to production. They haven't said anything different.
Would you call people who want a quick sale BHP stooges, of course not, you are better than that.

Morning smickster, maybe the changes are necessary, because any company serious about becoming a major miner, and going to production, has to do this as part of the journey, and we were not able to undertake this stage until now , as we didn't have the money at the time. Now we have the money, and guessing this is part of the budget from the 100 million dollars, to get us to DFS.

Schlemiel , you are exactly the distressed PI, my last post refers to.
You never sell a company because some PI's have not made a quick return by trashing the company. We are in the process of becoming a major player on the world stage. Why on earth would anyone want to sell out cheap, that's just silly.
Just take a more relaxed position and let this play out. Concentrate on your other investments for funding your day by day life.
This is long burn.

Let's take an objective view of where we are based on facts, not conjecture, which is what we are seeing here.
Mid October, when BHP came out of standstill, the we are going to get a bid brigade have made up stuff as we have gone along. Remember CGP was going to be acquired by BHP. That was nearly two months ago. What do we have? Nothing, not even a rumour.
Then we had BHP will make a bid, after standstill, again nothing.
Here is the most ridiculous one. BHP will not bid first. I can tell you that bidding first is a huge advantage, the industry I worked in, always enjoyed a massive advantage in bidding first. If no one is going to bid first, then how do we get a first bid.
Next a bid is coming, where is the evidence for this? Just a small amount of evidence, like someone making a bid for someone's shares would be a start, so that we start to see some consolidation. In fact the opposite has occurred, and the book has become more diverse.
Lastly we have NM is under threat, this is again ridiculous, as CEO's get kicked out for doing a bad job running the company. Not because some distressed PI's want a quick return by selling out cheap.
Lots to come, and yet people concentrate on short term gains.
Let's stop the silliness, and listen to what Solgold is saying, and not try and interupt the cooperate messages into, well they would have to say that wouldn't they. ( even more silliness)

Agreed Lafitte, people are so distressed on this site, that they will say anything to somehow indicate in their minds, that we are getting a bid. We may get a bid,but we need some evidence first. Something like consolidation, would be a start. But in fact what we are seeing is further diversification. The complete opposite.

Don't disagree Iceberg, however other indicators, may have said stop drilling.
One point, I believe a increasing Moly halo says drill further, as long as we have Calcite.
Maybe other indicators have been used.
Still reading about this stuff.

Hi Iceberg, they stop drilling a hole, when the core fundamentals say so.
One such example is the Moly content, as a Moly halo, will mean keep drilling, so they drill at another angle to pick up the indicators. ( Steve Garwin explained this )
They are defining the system.

OK Earthling I gave you the benefit of the doubt, all you do is insult me.
You will never learn.

As BNC says Earthling, either believe NM or the people on this chatroom, whose judgement is clouded because they are desperate for a bid.

Earthling nobody is pleading for votes, this is about PI engagement, it's part of our defense to get us to production.
Remember NM keeps repeating, minimal dilution.

That's as I see it DartFrog, as NM has said many many times, we are refining the processes to get us to the build, and so we can proceed at a faster pace.
People forget, when we started Alpala we used Donkeys to get first 2 drills in place, this took months, last rig flown in by helicopter, we are working smarter and faster.

Correct Earthling dilution up to PEA , then offtake and loans.

I agree DartFrog, except we will have to get Alpala to production first.
We as you say will fund these in their own right, and borrowing may not even come from the same source.
We just need the studies to support the loans.

Earthling you are filling up my screen with lines of green, so logged out to see what it was all about.
I expected you to be abusing someone, but I was wrong, you are asking a question which I must have answered 100 times.
Here goes number 101.

Each discovery rests on it's own resources.
So we are going to finance Alpala on debt and offtake.
Yes NM said dilution, but not once ( as far as I know ) has he referred to this for Alpala.
He has said limited dilution for proving up other projects to PFS.
Once we get to PFS, what is to stop us doing another offtake to get us to DFS ( say another 1% )
Then we can do the same as we intend to do for Alpala ( offtake and debt )
Debt can be loans and bonds. ( I favour bonds as they roll up, and give us time for the lowest cost )
Now for the evidence: NM and Ingo have been saying this for the last 2 years, it's all the conspiracy theories on here, that means you don't listen to the Solgold team, and try to make out that they are saying this because they are bluffing and want to sell Solgold.
It's because you don't listen to NM, that you cannot see how this will be done.
As for NM being under threat, that is silly, and after the 17th, we will yet again have all the conspiracy theories on how he was lucky to survive. ( utter tosh )