Member Info for Quady

Thank you ToS1963, I knew CGP had money problems, but good grief, it looks like they need to spend money on every project they own, with no income.

CGP has always been up for sale, they are desperate as running out of money, doubt they will get an offer as good as the one they just turned down.
This is a distressed sale, if true, could someone post the article.

Hi Jerry, I am confused, you said we would get a bid, for a first bid of 1.5 current share price, which means no bid. You said 1.5 times, I laid out the argument why no bid under 1 pound.

Not to that extent Zoros, as shares are purchased in the same company.

Interesting Dryland, I was under the assumption we had two drill rigs on site already.

Morning Jerry, your making my point, we won't get a bid.

Not true newtoit, as it was also passed in last year's AGM, this is part of our defence.

Morning addicknt, I wrongly assumed that they had equal status.

Thank you rcgl2, I checked this morning, and you are correct, we are registered In the UK, so we follow UK governance. I incorrectly assumed we could do this, as we had a duel listing on TSX. Yes I saw last year's resolutions, as I was curious about what the major differences were. I do understand your post about 11a, however I think this is now embedded in our defence of the company. I didn't mention 11b, as I believe this can be interpreted in many ways. I think that the company wants the flexibility to drill like mad everywhere, without gaining shareholder consent, everytime they require finance. Bhp and Newcrest voted for the resolutions last year. Some may argue that Bhp had to vote with the BOD , as they were in standstill, however that misses the point entirely. I think all resolutions will be passed, and with the PFS, we will be underpinned at above 40 pence.
All the best.

Morning Iceberg, agreed, I would go as far to say if 11a is passed. ( I am voting for it ) You get a much bigger pay day.
First it makes a hostile bid, almost impossible. They would be diluted.
Second it means any successful bid is friendly, and that puts NM in the driving seat. He is not going to sell cheap.
Thirdly, we get no bid, and we raise the money, we build Alpala, and we start the journey of becoming a major miner. Imagine if you had a million plus shares in BHP today. Many on here have a million plus shares. If we go to production, and prove up and build other sites, the sky is the limit. Why on earth would anyone sell this on the cheap. We I believe, are about to get another step change in the Solgold story, after this AGM. What on earth will Cgp do?

Morning Jerry, have you read the resolutions, same thing done another way.

Maybe NM is doing what he said he is doing, getting the PFS out, and sorting the CFP to construct Alpala, if all resolutions passed, especially 11a then bidding just becomes much tougher.

Thank you rcgl2. Goodnight all.

Hi Jerry we have excluded BHP and NCM on the last two share issues, this can be done in so many ways.

Hi rcgl2.they are allowed in Canada, and we trade on TSX.
I see the poison dwarf is back. He won't be here soon.

In short RougeNation, it's hard to say, let's say BHP vote to pass the resolution, ask yourself why they would do that.
It maybe that they want to bid, but if another bidder comes along, that bidder can be excluded, and BHP picks up extra shares, as they are not excluded in that situation.
So this is one of many reasons, I think this AGM is going to be more interesting than previous AGM's.
As Iceberg says read the resolutions and interpret yourself, what you think the direction of travel is.
I am going to sign off today, as lots to do.
Everyone enjoy the rest of your Sunday.

agreed allthatguff, read the link I posted at 12.31 today, those are the facts, with the correct defense in place we can issue a new script at a lower price than the current share price to everyone invested and we can exclude the bidder.
Please read it, it is so clear.
All the best.

Look we have an AGM within the month, and the run up till then.
I believe that we will continue to production on the given evidence.
Let's see what happens at this AGM.
No doubt, we will get the usual crowd saying, ah well he had to say that, we are getting a bid, same as they have been saying for the past 7 years I have been here.
This is silly, I know why I am invested.

addicknt I have a basic knowledge of cooperate regulations, I know you are better versed.
However I can model companies and economic systems, I can evaluate systems used in Finance, I can read company reports and understand them. Apart from the last item, I doubt you can write the algos that are necessary to do that, but I don't accuse you of being a slow learner. Our skills are different.

My first share was property trust, and it went bust. I lost 25 pounds. I learnt a lot from that, as nearly a weeks wages.