Member Info for Quady

Hi Jerry, at the time of the latest issue, we were financed for 18 months.
I hear what you say about the extra drilling costs, but they could have been in the plan, as I am sure, we will get extra drills at the other sites.
Again, I should think, that was in the figures.
But your right, could be an interesting question, the next time, we get a Q&A session.

Hi Jerry, as of the last share raise, that NCM and BHP, were not invited to take part in.
We are currently funded, for all drilling at the sites, for just over a year.
This is nothing to do, with the FN deal, which is for Alpala only.

Oh dear, my sidebar adverts, are old peoples homes and funeral plans.

OK Padmaster, thank you for that link. I am not an expert in cooperate finance, and don't claim to be.
However this link, doesn't only explain why Alpala is hard to sell, as a separate entirety.
It also This makes it very hard to sell Solgold as a company. As not all the licenses transfer, and they need to be applied for again. So looking at this, I don't believe anyone will bid for Solgold, until after production.
It's a fair bit to read through, and would welcome comments from other people, please read it all, as I am pretty sure I have missed bits.
First of all in section 25: The part referring to asset sales, explains Padmaster's 10% tax on asset sells.
Please correct me if I am wrong.
Will paste in below:

Asset sale
Asset sales are subject to the following taxes:
Capital gains tax (Impuesto a la Plusvalía): up to 10% of the price established in the respective contract, which will be determined by the respective municipality.
Municipal transfer tax (Impuesto de Alcabalas): 1% of the price established in the respective contract.
Municipal contribution on improvements (Contribución Especial de Mejoras): established on a case by case basis by the municipality where the property is located and based on the value of the improvement that must be shared by the beneficiaries.
Provincial council tax: equivalent to 0.001% of the municipal transfer tax.
Registration levy: the amount varies depending on the purchase price, and ranges from US$22 to US$250.

Second point: please read all of section 3: It makes the point if ENSA or Solgold is sold, that the environmental permits, including the water permits, don't automatically transfer, and may need to be applied for again.
I have been arguing this before, and all the knowledgeable people on this forum, who reckon, I was wrong, because I didn't understand cooperate takeovers, are wrong, as this document clearly shows this. ( I have never said I understand cooperate takeovers, but remember reading this somewhere else ).
Hence they would need to reapply for licenses, and I don't believe this could be done in the time required.
In my opinion, this is a huge impediment, and would stop anyone bidding for Solgold until it's in production.
This doesn't mean that we won't get a bid, but this is a lot of increased risk and cost for the bidder, and if the government doesn't believe this can be done, in the required time period, they may halt the sale.

I will paste in the relevant portion below.

In a share/quota transfer the company continues with its business, contracts, and permits, meaning that the business is not affected. However, in the case of asset transfers, new permits may be required (for example, environmental and operating permits) and this may mean that the business is affected.

Thank you Padmaster, I see the 10% liability, but am reading the rest of it, as looks like we may have more of a liability, not only for the sale of Alpala, but also if Solgold ownership was transferred.
A fair bit to read.

I meant than on my phone.

Thank you Zoros, yes I had the Sunday problem as well, but GoldAnOil's post is once again showing as DBW.
This is somehow, displaying differently on my PC, than on my PC.
I think it's time for a cup of tea, and some thought as rebooting my PC has only resolved this for a few minutes.
Many thanks.

Sorry to ask a question, can any one else see GoldAnOils post, as it has gone again.
I can see it on my mobile phone, but my PC has lost it again.
It was posted at 12.16 today.

I am sorry DBW, as the post was meant for GoldAnOil.
I am confused, as on my mobile phone, it shows that GoldAnOil is the poster, but on my PC it shows its you.
I have also had a problem, where earlier on, I couldn't see any of todays posts, the latest was Sunday's.
I have rebooted my PC, and it seems to displaying properly.
Once again DBW I apologize.

Hi DBW, which part are you unclear on, I will try and explain further.

No it wasn't DBW. My statement is correct.

Agreed Padmaster, I think this will be the most eventful month, but I still feel, we may get a surprise or two, shortly after.
All the best.

Morning Padmaster, at 2 pounds a share, that represents just over 4.3 million pounds market cap, and if this was offered after the PFS, you could be right, and this will be sold.
However we don't have the PFS yet, and we all speculate, what it will be.
I reckon about 7-8 billion dollars.
That's about a NPV between 5.4 and 6.2 billion pounds, so would represent about 70% to 80% of NPV.
That is a high figure for the PFS.
However that is Alpala only, and doesn't take into account, any of our other tenements.
This is a good reason, not to sell yet.
I have seen some posters on here speculating how big Porvenir could be, and some other tenements.
Imagine the ones that we haven't even looked at.
Surely, in the interests of all share holders, bids should be defended at this stage, as this is certainly not in the best interests of current shareholders.
However, as I have mentioned more than once, I don't believe we will get any offers, as companies, will not cough up a premium for any company.
I now, want to see more drill results, and as we are now drilling more than one site, would also like to see some of the others started, and hire Project managers for each site, so as NM says, we do lots in parallel.
I have no idea, what he means, when he says, we will do more in parallel.
But hope it's close to my idea.

Your welcome Mrshiba.

Just a brief reminder, that Diggers and Dealers are doing a mining forum over 3 days, between the 12th and 14th of October.
NM is giving a video presentation on the 14th, at 15.05 ( unsure if that is GMT )

So this I believe will be his last presentation, before BHP are released from their standstill agreement.

Link below: For registration.

https://www.diggersndealers.com.au/

Program link below, to see all speakers over 3 days, as say, some of us, will want to listen to specific companies, at specific times.

https://www.diggersndealers.com.au/wp-content/uploads/DD2020PresenterProgramme.pdf

Good morning schlemiel.
The file you have just displayed, is from something you have downloaded, into your personal user directory, I am guessing.

Hello Costa, I think it was a planned announcement, after the NM video on the 29th Sept, which was recorded and Ingo answered questions. They had to say something, as the same question was repeated, where is the PFS.

Evening Costa PFS out between 15th and 22nd this month, was announced on 1st October by Jason Ward.

Afternoon DBW, I thought part of Blanca Nieves was in ENSA, or am I thinking of something else.

Correct Schlemiel, also there is a date when the construction of the mine, needs to be completed.
I cannot remember it, off the top of my head.
But know, it's urgent, that we push onto production.