Member Info for Quady

Sorry rcgl2, I missed out an important point on majors teaming up. This is highly unlikely, as they are in competition with each other.
Imagine the conversation.
Let's say BHP and NCM get together and act in concert.
This takes time, as the correct procedures have to be gone through, as BHP cannot talk to NCM, till after the 15th Oct 2020.
It means that this process has not started. Acting in concert, takes time, and by the time they could agree a bid, they will have had to also talk to all the other block share holders, including NM, Tenstar and DGR.
This means probably no bid, till around DFS time, 3rd quarter next year.
If a major want's to bid, far more chance doing it on their own, as much less complicated.
The diverse register, works against the bidder in both scenarios.
First scenario: where BHP and NCM get together, it takes longer, they still have less than 30%, unless others sell out or join the concert group. and they won't sell cheap, also can you imagine, how far other projects, will have come on by 3rd quarter next year, making any likely bid much higher.
Second scenario: BHP go it alone, they now need to acquire lots of shares, probably including NCM's.
They are not going to sell cheap, so the bid goes up substantially. Also this takes time, but not as much time, as acting in concert, but again more drilling and more proved up, maybe even close to or a PEA delivered on Porvenir.

This is why I believe Solgold, will not be sold, and we should all welcome that, as this is in everyone's interests.
As NM has said, many exit points along the way, but the real prize is production.

Morning rcgl2.
The point I make on this is historical, to a certain extent.
Takeovers in the mining industry seem to work like this to me. Many finds need money in the early stages, hence PEA,PFS,DFS and finally BFS. They get diluted bit by bit, and slowly the major acquires a larger and larger share, until it has such a grip, they can take it out easily. That's the reason I didn't invest in GGP, as Newcrest I believe will take them out. I was going invest in GGP after the PEA if it looked OK. ( I missed the boat on that one ).
I invested, in 2013 in Solgold, and their was only 600 million shares then, today it's 2.072 billion, so we have had dilution to get us to this stage.
But Solgold is different, we don't have a majority share holder, we have a diverse register, and I am sure that you and Ice and Copperpot, addicknt and many others understand that.
This along with various companies owning large chunks, but not controlling chunks, makes this harder to bid for.
These people understand what Solgold is worth today, and what we could be worth in the future, so they are not selling cheap.
I have always agreed with Addicknt, that should we sell in will be in the pounds not pennies.
I reckon a minimum bid of 2 pounds to 2 pounds 50 pence, may be successful after PFS, if we are valued at 7-8 billion dollars.
But at the same time believe the majors are looking for distressed good projects, that they can pick up cheap, because of Covid, and the financial state of the world.
I also look at funding. We are only at PEA and Franco Nevada, are going to fund us to DFS, for 1% NSR, which I believe will be reduced to 0.5% NSR, as in the agreement. This puts us in the position to raise the 2.7 billion dollars to build Alpala.
I believe we will end up raising between 3.1 to 3.2 billion, as we will end up funding CGP's share, as we will own 100% of ENSA in one form or another.
To answer your question, majors look for value, this means good projects they can pick up on the cheap.
We don't fall into that category, sure they can buy us, but they are going to have to pay near to full value, full value, or above full value. I don't believe the financial situation demands they do that. As their are smaller good projects around the world that need money and can be picked up cheaper.
I don't think any company is into paying a premium at the moment.
I do believe NM and BHP are talking, but not about a bid, maybe about how BHP can take a larger share in the future, but this will have nothing to do with Alpala, this will be about further fund raising for proving up other tenements.
But at some point this won't be necessary, as we will become self financing.
These are my thoughts on the subject rcgl2, along with others, that I have posted on this chatroom.
All the best.

PS: One last thought, I have only talked about Alpala, the story is changing, as we start to prove up other sites, so our valuation for a bid is a moving target, this makes a bid harder

DGR's holding, bloody autocorrect.

Morning Andy, yes I saw that post, it's true and not true. As this consists of NM's holding. Dr's holding, and Tenstars holding. I think that's what they meant, but all helps in defending this from a takeover.

Morning addicknt, you have always been considered in your posts. I understand you, and feel you understand my points. I have always known, that you were never in the under one pound camp, after the PEA. I know you believe, we will be rolled over and taken out. I admit that loads of money, could do that. You believe such a bid is coming. I don't. But on the fundamentals of valuing Solgold, I don't believe, we would be that different, at various stages. All the best.

Thank you Copperpot, I know I can be annoying at times, but some of the tosh written on here, you would think some posters have no idea, why they invested. I think about all the shares I have held in the past, and have made good profit, and got out, to take the cash. only to watch the share rise to new heights, and if I have stayed in another couple of years, would have taken many times my profit. It took me a long time to learn this. So today I independently value the company, and I say what it's worth. Sure if things change, I look again. This share has a great story. I am not telling anyone what to do, never have and never will. But I do put out there, what I believe. All the best.

Thank you bubble, and I believe it will get better, sure we will retrace at points, and the doom mongers, will return and say, I told you so, but long term, this is going to achieve value. All the best.

Much nicer board, to read this morning, gone are the scare mongers, who have said this will be sold for under one pound a share, gone are the doomsters, that reckon NM is at the mercy of BHP, and we will have to take what they give us. Altogether a much more constructive discussion, about what we have here, and how best to leverage this to our advantage. This share can and will be defended, we are at the mercy of no one. We are not a distressed seller. This on its own will stop low ball offers. Then look at the diverse register, and think carefully about how any bid could be tabled. Then think, are the main share holders going to sell on the cheap. The dynamic of register, and people knowing what they have, means, no one, and I mean no one, is going to pay the price NM wants, as the price is increasing monthly, and when we get a full set of drill rigs, maybe valuations, will change faster. Enjoy the ride everyone. There will be exit points, but not for me. I am here long term, as I am not a distressed seller either. Just enjoy having this share in your portfolios.

Good Evening Sasha12, that's just not the best post of the day, that's the best post ever.
I think you just summed up everything I believe and a few more things.
Good luck with everything you do.

Sorry addicknt, know nothing about train sets. but am pleased with the closing price of Solgold.

Hi Ice, best advice I could give you is join a club.
The 14 inch edge HD, is not easily portable.
No one would own one as a first scope.
I have been doing this a long time.
If I buy this scope, it will take me the rest of my life, to learn how to use it.
Your son having experience with scopes, and a degree in Astro Physics, will be much amused, if you want this as a first scope.
Learn on something smaller.
Having your son on hand, will be a great help on polar alignment. everyone will tell you it's easy.
It is, but only after you have someone show you two or three times, I will never forget the first time, I took my first refractor out for it's first outing. I am a very patient man, but grabbed the Brandy when I got home, as I couldn't find anything in the sky apart from the moon, and that was only because I pointed it at it.

OK Pad, so you are used to 2 and 3 star alignments, which you still need to do on the 8SE.
I know someone who has one, and the advantages are, he can set this up in half the time, it takes me on the night.
The problem he has is he now want's to get into Astro Photography, and these scopes come with a Alt Azimuth mount as opposed to a German Equatorial, so that's a problem, if you want a camera setup.
Advantages:
Very portable, and a lot of fun.
It's a planet killer, so great views of Jupiter and Saturn.
Being a catadioptric, these have longer cool down times, but, from what I have seen, his is not too bad.

If you want to just do Visual, then go for it, it's a great scope.
If you want too do Astro Photography, then happy to to recommend some setups.
I don't know if your a member of an Astronomy club, but if not, join one.
Take the family, as they are very family orientated, and everyone, will show you their setup, and explain what it can and cannot do. ( they will almost plead with you, to look through their scope )
Chances are that someone will have a Nexstar, as very popular scopes, for good reason.

HAHA Ice, I am considering that, after 20 years doing Astronomy, if you brought a 14 inch edge HD, if this is your first scope, you wouldn't be able to use it, apart from pointing it at the moon. You need to build up to a scope like this.

Hi Padmaster, would the Nexstar 8 SE, be your first scope, or are you experienced in using other Telescopes.

Yes I have met Patrick Moore many times, as he was a regular visitor at our club.

I am afraid it is in Astronomy DBW, it's all about light grasp, for the planet killers. These are scopes over 200mm and are Dobsonian or Catadioptric .
Mine offers higher resolution, so can go further with large bright objects.
But I am currently looking at a 350 mm Catadioptric, which has been around for a while, I have had a site survey done in my garden, as want to build an observatory, but have a good viewing plane.
I will post a link below for those interested, this is portable, but too heavy for me, and the cool down time, to long for me.

https://www.bing.com/videos/search?q=celestron+edge+hd+14&&view=detail&mid=18FA92A37585BD5CBB9818FA92A37585BD5CBB98&&FORM=VRDGAR&ru=%2Fvideos%2Fsearch%3Fq%3Dcelestron%2Bedge%2Bhd%2B14%26FORM%3DHDRSC3

What are you saying addicknt, are you saying I need a bigger scope.
I have some plans, but depends on Solgold .

5 years, bloody autocorrect.

HAHAHAHA, Very good addicknt.
However, I can view most messier based objects in the sky.
In other words on a clear night I can see nearly 4 billion light years, if the object is big enough, and I have configured the Telescope in the right way for the night.
So 5 tears is nothing.
All the best.

Hi rcgl2, everything I trade is in an ISA, so I reinvest in dividend paying shares.
I have been retired just over a year, so take some cash, and reinvest the rest.
Not much in dividends this year, for obvious reasons.
However I also take part in motorsports events, and Marshall for them, and have an interest in Astronomy, so those two past times burn cash. A single eyepiece for my 115mm Altair Astro Apochromatic triplet can cost over 500 pounds a time.