Member Info for Quady

The PFS is for Alpala only. Nothing to do with Porvenir.

Thank you everyone for your replies, I guess I conclude that we are delayed on the PFS, by how much, we don't know, but I can guess what the questioning will be like at the next live webinar.
People are fed up with platitudes, we want a hard date, or the reasoning a hard date cannot be given.
As you all know, I am very pro Solgold.
But they need to be straight with us, and Covid won't wash, as that is already in the equation.

Zoros I may have misjudged you, thank you for the update.
Always ready too admit I am wrong, as it's the only thing that makes us compassionate human beings. ( quote from Bertrand Russell, although I have read similar ideas on compassionate humanity from Spinoza )

Hello Zoros, if that's true on the PFS date, then say we are going to see the price stagnate, dare say drill results will add a little support.
But I would be really ****ed to understand why Jason Ward said 2-3 weeks on the 1st Oct, and we have such a big delay.

I now have a question:
Why can't Solgold meet deadlines, and Covid is not an excuse, for not meeting the PFS, as everyone took that into consideration.

Sorry Novice don't understand.
As far as I know the 29th Sept 2020 webinar said DFS end of 3rd quarter 2021, and PFS soon.
1st Oct 2020 Jason Ward said 2-3 weeks, that is 22nd Oct latest.
I am saying if anyone has an update, please post, as this is the latest information I have.
Thank you.

OK PFS next week and DFS end of 3rd quarter 2021.
If anyone thinks different, can they post the evidence please.
Many thanks.

That's quite a large spread, could be running out of stock.

Hi Optimusgold, I think todays RNS, means we are now certain to go to production.
Sorry addicknt, just couldn't resist that.

Oh dear, hadn't taken that into account, I live between two rivers, and when I and my friends play cards in the Garden, only one of my friends gets bitten, much to our amusement.
I guess some people attract Mossy's.

6 ft 2 1/2 inches.

At what height does the yellow fever Mosquito live at.

Don't think we have many Mosquito's at Alpala.

Good afternoon DrQu, I think you are close, that's my take on CGP.

agreed bankruptsharebuy, but I wouldn't be on the BOD, I would be on the ground solving the Technical problems, and making sure that procedures were updated, and given to the relevant people, so we didn't make the same error twice.

You have a fair point on timelines, but we both understand the delays. Agreed we will have unknowns along the way, all big civil engineering projects do. Their are technical people, who will iron these out.
I agree this will probably go over budget, but at even twice the cost, this get's a green light.

BT has debt, around the market cap of the company, but still pay a dividend.
VOD doesn't have dividend cover of one, but still pay a dividend.
When we are in production, we will be able to pay a dividend, unless you are suggesting that our revenue, will be less than our production costs, and interest on our borrowings.

Have you calculated roughly the revenues, against costs in the first 15 years. I haven't, but will do so after the PFS.

addicknt, you know full well, that a dividend will be paid, after the first year of production, as we will have debt geared in such a way to do so, you also know that we will also have money for development.
So all in all a little disingenuous.

Excellent answer addicknt, but I am not going to be here in 6 years times debating this, and no, it's not because we will be brought out.
So even after it is built, and we are in production, you will still be arguing that this is not going to go to production.
Made me smile.

We agree allthatguff, if it does get sold, it's not getting sold cheaply.