Member Info for Quady

Morning smickster, unsure what CGP are going to-do. They cannot borrow against their share of ENSA, and they cannot issue enough shares to dilute. As the dilution, I don't believe would be successful. After all, if you were a Cornerstone holder, would you take part.

Afternoon Zoros, the standstill agreement says the 15th, must admit, I would have thought to have an RNS on the subject.

Interesting RogerMellie, you have been a member for 3 days, and already posted 118 posts, so a 30 day rolling average would be 1180.
I have yet to see you post something useful.
I have an idea, who you might be.

Redknight, again read my original statement, and look at your essays you have written, all I said what was I didn't think that the USA would adopt the gold standard.
You then asked me if they didn't do it, what would I do.
I answered you.
We disagree, and yet you continue with the insults.
Then you accuse me of setting myself up as being an expert in the gold price, I am not, and have never said so.
Strangely you tell me that you respect my expertise in copper, I am not an expert in copper either.
I have just stated my qualifications on the current subject, and given references of my reading, so that I can cut down my post, as some things are assumed. You then accuse me of setting myself up as an expert on everything.
I have never done that.
I try to stick to what I know, and venture out on unfamiliar ground, to increase my knowledge.
When I get things wrong, I own up, as soon as someone shows me why I am incorrect.
You are starting to sound like a distressed investor, who needs a quick result.
I have no idea why you are behaving this way.
I have filtered one idiot.
Although I will not filter you, I will just not respond to you in the future, as I have got into too many arguments on this chatroom, and no one benefits.

Redknight, again read what you said, you asked me what I would do, not what Trump will do or will happen.
As someone who studied Economics, you are obviously aware of Actuarial exams, on statistics and mathematical modeling. I used to do that as a trainee.
Frankly I read your posts with interest, but lately find your posts becoming more offensive.
Please do yourself a favour and filter me.

Sorry phatrader, I looked at the twitter message, and thought that was referring to PFS at Alpala.
I understand now.
Look after yourself.

HaHa, Fat Trader is ambitious, no chance, if we get 10 billion dollars, that is way above my estimate of 7-8 billion.

Redknight, I am on firmer ground answering that question, as a student of statecraft, and someone who has CT1, CT2 and CT3.

Here goes.

Economic systems start with political will.
This is because, going back to the writings of Jacques Jean Rousseau, Thomas Paine and Thomas Jefferson, who give good arguments, on how societies function.
It doesn't matter, what type of society you are, as depending on the type of society you have, you balance the rights and responsibilities of the state, versus the rights and responsibilities of the individual.
Having established that, I will explain how, I would reduce government debt, and personnel debt.

I will start with Government debt:
Governments, have to cut back on spending, and raise taxes, without overdoing it, and thus dampen consumer credit.
This is done on an incremental basis.
Government also needs to address the cost of living.
By this I mean costs, that households and individuals cannot avoid.
So housing costs, health costs, food, energy.
Taxes should be partially shifted away from the above, and shifted items that are not necessary.
So cars, holidays, air travel, luxury goods, etc.
Lastly, they need to increase the capital requirements for capital lending ratio one, but will address that in personal debt section.

Personal debt:
Increasing capital ratio one gradually, will increase the amount of capital, that banks are required to hold, and start to make lending to business and individuals reduce.
Also Friedrich Hayek,(Nobel prize winner for economics ) stated that in order to promote free markets, that we should have a loosening of regulation, and a strengthening of law.
So I would increase the law, in this area, to allow debt write offs, to combat lending to people at the time of the loan, who could never pay it. Not if they fall on hard times, as that is different.
Yes that would increase the cost of borrowing, but competition, would keep it down.
But we would start to cut consumer credit, while allowing people the things, they require, for everyday life, and giving them the choice on what Luxury items, they purchase with excess funds.

I know it's not that simple, but I would keep the above principles in mind.
We are seeing Europe, move in this way already, as we have Basel 3, after the terrible Basel 2 arrangements.
Yes Corona, has chucked a spanner in the works.
But it's a small step, that must be followed up, with Government debt part.

redknight it was rhetorical, if you want to treat it, as a question, then please go ahead.
Such a move would inflate the price of gold.
What the world needs to do, is cut government debt, and consumer debt.
Yes it would halt growth, but at some point in the future, it needs to happen, as the countries that don't engage will have their currencies devalued.

redknight, your posts recently are a bit strange.
You attack addicknt yesterday, when he was correct, and you attack me today, for something I have not done either.
Please point out, where I have said I was an expert on Gold.

I wonder how much gold would be required, don't think that's a possibility.

No problem addicknt, I have made more mistakes than you.
That's what this chatroom is about, all of us having the correct information.
All the best.

Good morning Colonel, it was Barrick, I had in mind. Also I would be OK with 10%, as again register even more diverse, and just making it again harder to bid for Solgold, and if anyone does. Making the bid higher. However, as you correctly say, we are funded for a while yet.

Hi addicknt, are you sure, that anti dilution, doesn't end with the end of the standstill agreement.
It would make sense to me, to have it while standstill in progress, to protect BHP.
But after standstill, they are free to buy on the open market, if they so wish.

Good morning DBW .
A fundraising, could be part of the defence strategy. After PFS, we may be able to issue a chunk of shares, to a new major, with a standstill agreement, I have mentioned this before, but would like to see any fund raise, significantly higher, than today's price.

It's tongue in cheek smickster, however who knows.

I can answer that smickster, all of them.
After all, NM said we are doing things in parallel.

I think CGP have to start funding from DFS, not PFS.

Hello RICH3R, please don't take this as a deramp, but after tomorrow, we will be no clearer on BHP's intentions, for two reasons.
1=) They have been in a standstill agreement, and while they may be looking to talk to other parties, then just by approaching them, lets them know, that there shares are more valuable, than the market price, I should think if BHP, were intending to go hostile, then the first approach, will be to CGP. I personally don't believe that this will happen, but we will see.

2=) BHP are more likely to be talking to NM, and as this doesn't stop any bid, if their is no agreement so far, then unlikely their will be one.

So we may see a retrace in the share price.
That's the downward pressure.

Now the good news, we have the PFS and continued drilling, that is the upward pressure.

All the best.

Correct smickster, they can start to talk to other parties.
Will the other parties want to talk to BHP.
The party that has most influence is NM, as through different companies, he holds influence on about 20% of shares.