Member Info for Quady

I don't think BHP, would sell an asset that's worth more than what they could obtain at the moment.
But that's the crux of my argument, any serious holder of Solgold shares, won't sell.

Out of interest, I spent some of the afternoon, looking at LSE for BHP.
They are not even aware of us, there is no debate there on Solgold.
We are not even on the investors, radar.

It's the 15th Zoros, I have no idea why CGP keeps mentioning it's the 19th.

I liked Little Britain, but more of a Dirk Gently fan.

Thank you GoldAnOil, of course.

Where is that from Novice, I think it's little Britain, but can't remember the character.

Hello newtoit and DartFrog.
I do believe their will be one poster on here, who will be ranting on here, saying "that Quady is an idiot, he doesn't listen to anyone, can't he see it's going to be sold".
He will still be saying that on the day, we get an RNS, saying Solgold starts production tomorrow.
Really not sure, what he will say after that.

I have also enjoyed your sense of humor newtoit, it is something, that de stresses this chatroom, when blood is boiling.
All the best.

Agreed Miagi, make that 150 years. Because 100 years is what they have today.
People should remember, that Solgold, is still after more concessions, and I believe will get them.

Hello Schlemiel, could you expand on the political risks.
Their are less political risks here, than investing in some EU countries. ( Hungary in mind ).
This is a functioning democracy, and is a far more stable government than say Chile.
This has not stopped Chile having a successful mining industry.
We are in the infancy of a mining Industry in Ecuador. This is probably the biggest investment opportunity I have had in years.
Please expand on the political risks you see.

Good afternoon, DartFrog, first of all thank you for the support of some of my views. Quite brave to agree with me these days, although not on all points, which I quite understand,
You raise a good point, I have an idea why some want a sale, but obviously doesn't cover everybody, so please no abusive posts in response to this post.
I think the investors, that have been doing this a long time, understand how to value a company, and are quite relaxed wherever we go to production, or we are sold for near to full value. ( I fall in that camp ).
Some on here are elderly and want the money now, as they want to spend it and have fun doing it. some may need it.
Some are younger, and don't understand maybe about returns made on tying up capital, in something that has a good story, and thus make a killing.
Some are distressed investors themselves, and need the money, and have either taken a punt, expecting a fast return, or don't understand markets. ( some of those, wanting a quick buck, have been here years, and constantly moan about it ).
My point is their are many reasons, and probably more, I haven't mentioned or thought of.
So I do understand their frustration.
I do believe that their individual circumstances, clouds their judgement, but that is my opinion only, and not fact.
But I see this as good news, whatever class of investor you are, because as you say DartFrog, exit points along the way, so if you have got this far, less downside, than there was years ago.
All the best.

HAHAHA Novice, how many RNS's do you want per day.
Nice sentiment though.

Thank you Miagi and Ice for your take on this.

Good afternoon Schlemiel, yes the price activity looks interesting.
Unsure why we are constantly going up with no retrace. ( do we have less people trading, and more taking a position, who knows )
But maybe some of the L2 players, could give their take, as I don't have L2.

Afternoon Ice, as you say, look at the logic. No one is going to enter into a concert group for Solgold.
If you want to act in concert with someone, then act in concert with Solgold.
Everyone want's to extract as much value as they can. The big players can wait. The PI's ( well some of them, can't ).
You make a good point about the future of Solgold as an independent producer, as we prove more tenements up, we become a major in our own right.
All the best.

Good grief allthatguff, we are in agreement.

Good afternoon Copperpot, I agree, there is no evidence that NCM and BHP, would join forces, and I don't believe anyone on this chatroom believes that. I do agree that BHP talking to Solgold. However I differ on the JV idea.
I do think that BHP, would like to increase their holding, that would be interesting.
Maybe they want a friendly bid. But again don't believe they will pay what Solgold want's ( I could be wrong ).
All the best.

Thank you rcgl2, I have reread and you are correct.
So no new permits or environmental licenses required if Solgold sold as a whole.
But if Alpala or any other tenement is sold separately then they need to reapply for licenses.
Which I take it means, Alapla will not be sold separately.
This is a good example of what I have said this morning.
As my statement has been corrected, and we are all the wiser for it.

Thank you rcgl2.

Hi Grimbergen, I take your point. Hopefully I have made the point, that I believe the evidence and facts, say that the most likely outcome, will be that we go to production. I have only made the case for this, as the evidence and facts suggest this. Of course addicknt has made a case for us getting brought out.
I think many hurdles need to be jumped in that scenario, but addicknt may be right and we get sold.
I have always understood that.
What I argue against is the camp that believe we will be sold cheap, as I really cannot imagine any scenario, where one company bids at say 80 pence a share, and every company that holds a significant amount of Solgold shares, says yes let's give our shares up, with this extremely cheap offer, as we don't understand how much our stake is worth.
In my opinion that would be insane.
So the question remains: Will anyone bid enough, that these holders would sell.
I don't believe they would.
Addicknt and others, believe they will.

We will see.

All the best.

On the contary Miagi, I believe I have made mistakes, but I am the only poster that has owned up and said sorry when I have.
I am interested in being accurate, so I am pleased when the argument is advanced on both sides, as delusional ideas, lead to poor investments.