Member Info for Quady

Morning Schlemiel, GGP are preparing a PEA.

Morning Jerry, I think that's the point, it's never going to be called.
It doesn't have any support, no one has signed up to it.
It doesn't have an agenda, just some allegation about withholding information, that they are not allowed to, but have not informed the proper authorities.
No alternative board, for obvious reasons. ( No intention of calling an EGM )
No date.

Apart from that I am pretty worried, that they could oust Nick Mather. ( that was sarcasm )

Hi DBW, Jason Ward, said between the 15th and 22nd October, for PFS.

Hi redknight, we still have a few days left on the CGP offer, things can change.
Otherwise I see a lot of angry CGP shareholders next year.

I am less stressed allthatguff, amazing really, all I had to do, was filter the cause of my stress.
I am a gentleman in every way, so hopefully, you and others will see a more congenial Quady.
Naturally I am Sorry for my past behaviour.

Good afternoon allthatguff, I have never heard a takeover denier on this chatroom.
I can only speak for myself.
Yes this could be taken over, but the evidence, and the facts that back the evidence, show us that the most likely outcome is that we will go to production.

I agree with you addicknt, we have both said that because of the standstill agreement, that BHP cannot make a bid on the 15th or soon after, reasons on my recent posts.
So I for one, will not say, "this proves a bid is not coming".
Even though I don't believe a bid is coming.
It's time that will tell.

Hi DartFrog, I was unaware of the options that BHP held for Solgold shares, but they are less than 1%, nothing to worry about.

Thank you JungleJane, looking at the last election, I think around 80% of the vote, is between 2 parties, but understand that can change.
All the best

Excellent Copperpot, then I might be eating them already.
I do like Banana's, only better fruit I like are blueberries.
Getting hungry now.
I will try and check, next time I go shopping.
Many thanks.

Agreed Schlemiel , I want to know where you get Banana's from Ecuador, as just another way to support the country.

Good afternoon smickster, I believe the production target of Alpala of 2025 is Solgolds prediction.
I cannot find it, but know KB007 is good at this stuff.
But if memory serves me correctly, for some reason I believe we have till 2028 to get Alpala up and running.
I am unsure, so hopefully someone can provide the correct information.

Good afternoon JungleJane, may I ask your opinion on next years elections in Feb.
I think Moreno will lose, but this won't affect the mining industry. I agree with you on Oil and Gas.
I invested in Oil and Gas for years, and don't see any recovery soon, as the world goes electric.

Thank you KB007, I was unaware of that.
Well that makes a bid even harder.
All the best.

Agreed swsquires, you are correct.

Hi addicknt, I always believed this was a good offer and CGP should take it.
Agreed we didn't have the evidence at the time, as we have only just started drilling recently.
But to me, this has always been about the future.
It I had been a CGP shareholder, there was a time during the offer, that I could have sold my CGP shares, and brought Solgold shares, as CGP were rising in price, and we were stagnant. And they would have got more than 11 shares a share.
I believe they have missed this window of opportunity, but we will soon see what happens.

Good morning swsquires, this point has been brought up many times.
The time scales for Alpala are in ENSA.
NM and JW and the Ecuadorian mining minister, have all said, that no one can execute this faster than Solgold, to get it to production.
My understanding is thus.
Again two Scenario's .

First scenario: Alpala is sold, this is a right mess.
You get a 10% tax immediately and the environmental licenses, have to be applied for again, including the water permit.
This is a long process, as you have to prove what you say, and you need to change your Governance within the company.
Maybe up to a years delay.

Second scenario: I got this wrong, but this is what makes this chatroom so good, as I was corrected, I checked the facts, and said sorry.
Solgold is sold as a whole. The licences transfer, but, again this takes time, and the bidding and selling process takes the time. Especially if Solgold defend the bid.

So no one can build Alpala faster than Solgold.
Hope this helps.

Good morning Savshare, the Solgold shares that CGP own are in the calculation, I didn't make it clear.
Because the Solgold shares that CGP own are less than 10%.
7.6 % I believe, we absorb them into treasury.
This makes a bid harder still, and we can sell these on the open market if needs be later on, to continue funding exploration on other targets. ( with no further dilution )
But well spotted. Thank you.

OK the calculation goes like this.
CGP have 32.44 million shares, we are offering 11 shares for one.
So 32,400,000 times 11 = 356,400,000 Solgold shares issued, and as we get their shares, this is all they have.
So we issue 356,400,000 shares.
that means 2,072,000,000 shares in issue at the moment, plus 356,400,000 = 2,428,400,000 shares in issue.

So the calculation is 356,400,000 divided by 2,428,400,000 multiplied by 100 gives you the percentage that CGP share holders will have in Solgold shares.
The answer is 14.68 % roughly.
This makes the CGP contingent a major player if they acted in unison. ( which they won't )
But also means that BHP and NCM get diluted. ( I realize they have anti dilution agreements ).

Please anyone, feel free to check my calculations and comments welcome.

I can work it out for you addicknt, with my calculations and how I arrive at the figure. Let me get a cup of tea, and give me ten minutes.