Member Info for Quady

Loving the grade at near surface, OK only one hole, but to get this is either, really lucky ( I guess following induction polarisation survey ), or a lot more to come.
TBTT, please if you had any expertise in geology ( which I haven't ).
You would at least recognize, that this is very different to Alpala.

As Magoo says closing price 27.8 pence, pay no attention to the spread, it will be corrected at beginning of trade tomorrow.

Something brewing, in my case it's tea, lapsang souchong.
I bet I am in the minority again, as I still use tea leaves , as opposed to bags.

Well done KB007, good to hear some good news.

Oh dear Jerry, I have a general rule, I never hit the wine, till after 6pm.

Hi Colonel, he did mention something about MRE3 last night, but I didn't pay much attention to it. I think he said that MRE3 would not be changed for the PFS, and I believe in an earlier webinar, he mentioned revised MRE3, going to be in SEDAR by year end.

OH NO, legal action, and I don't even have a solicitor.
Looks like you know as much about the legal system in this country, as investing.
In fact I would suggest you have a problem understanding anything.
Anyway, not getting into this, you feel free to insult me as much as you want, as cutting this conversation short, otherwise, I am going to end up annoying other posters on here, and that is not my intention.

Earthling, another lie from you, I have one ID, I always have. No idea who the other person is.

Earthling, the only person insulting and shouting is you. I know you don't like discussion, as it embarrasses you.
Where is this deal you keep mentioning, about us not conversing with each other. It's you that has broken it every time.
If you have a point to make, then make it and explain why you think in this way.
Let me give you a clue.
If you say something like, " What's wrong with him, can't he see that everyone disagrees with him, and this will be sold ", then that's not really helpful.
Try evaluating why, and then communicate it.

Hi Portofino, may I ask is your name based on the fact, that you own a Portofino. In my mind, one of the nicest looking Ferrari's ever to be built.
I have become interested in Rock chip sampling, and there seems to be more to this, than meets the eye. However still reading articles on it. However you are correct, they don't seem to set the share price on fire.

So addicknt, what your suggesting is a concert party, not a JV, which NM has ruled out on every occasion, it's been brought up.
Yes I believe a concert party is possible, once we have a simplification of holding's within a diverse book.
But to be honest, not at this stage.

Hi Viable, don't know if you listened, to last nights webinar, some parts were repetitive, but on the PFS, Ingo mentioned days away. Someone tried to pick him up on this, as the last question in the Q&A wanted greater clarification, and he tried to do this, without naming a date. But I believe next two weeks, if not by end of month.
My reasoning is I believe that Solgold, would like this out by BHP release from standstill time. ( 15th Oct ) But are not too concerned, if it overruns.

HAHAHA Jerry, you echo my sentiments entirely. I said right from the start, this will not take place.
For starters you don't announce an EGM, without outlining your agenda, and certainly not, without an alternative BOD, at the time of the announcement, if your intention is to replace them.
What they are accusing Solgold of is criminal behaviour, that they have withheld price sensitive material. I think by now, after Ingo's Q&A last night, that is not the case, they are behaving in the right manner, and not releasing confidential information, as that comes in the PFS. They need to wait for it, the same as everyone else.
Lastly, they said after the 27th October, but they didn't say what year.

Sorry addicknt, I am with Ice on this.
You mention a JV with someone else other than Solgold.
It would be hard enough for BHP to acquire a majority share of Solgold on the cheap.
Correct me if I am wrong, but you are now suggesting, that someone else will, and BHP, will sit back and let it happen, so that they can go into a JV with them.
I see you are getting a lot of recommended ticks for your posts on this theme.
I wonder how many, have thought about this in some depth, or is it a case of the lemmings are out in force today.
That last bit was a joke, for those of you with no sense of humor.

Fair point Ice, you make a good point, about joint ventures, and I was not aware of those stats, and not sure I could check them that easily.
But we may be seeing a break in convention, as Solgold don't have to acquire Alapla, they own it. ( well 85% of it ).
So the question becomes, can they raise the money, to build it and go to construction.
Many on this chatroom, not so long ago, suggested that the Franco Nevada deal, would not be signed, because we had a deal in the background with BHP. This has been proved, not to be true.
Many on here, said that a company with no experience in building a mine, could not get the funding. I don't believe that to be true either, but we need to wait and see on that point.
After they get the money, people I suspect will say, yes they have the money, but lack the experience, so they can't build it. Some will continue to say that, after they buy in the skills required.
This is a civil engineering project, and like every other civil engineering project, will be successful, if planned correctly at the outset. Sure every project, gets bumps along the way, but the engineering teams, iron these out, produce TSB's ( technical service bulletins ) and continue, with the improved process.
In all, Solgolds ducks are lined up in a row. I believe Ingo last night, on the delays. I don't believe in conspiracy theories. Also I don't believe the market believes we will get a bid, never the less defend it, otherwise our share price would be higher.

Morning Ice, the only problem with that statement, is that, every time a JV has been mentioned, Solgold have always ruled it out, as too costly, in time and money, and difficult to manage.
We have no indication, that they have changed their mind.

That's part of my argument ssmith_trader, Solgold can't sell. It doesnt belong to Solgold.
The share register is so diverse, that whoever wants to buy Solgold, has to convince the majority of these holding to sell out.
My point is they won't do BHP or NCM a favour and sell cheap.
They know what their stake is worth.
Also will NCM sell cheap to BHP, or continue to hold.
That means that BHP, will need to pay full price, near to full price, or maybe a premium.
Large cooperation's don't behave that way.

Sorry addicknt, can you name me just one situation, where a company has been brought, only after the main player has announced their intentions.
In my time in I.T, we took over lots of companies, and were taken over twice ourselves. Our main competitor was IBM. Sometimes we were successful against IBM, sometimes we lost. We were a medium player in the market.
Never have I heard that we would wait to see what IBM would do, before we bid. Quite the opposite, and to a large degree this added to our success.

Morning addicknt, as you say, nothing has been said, it proves neither of us.
I look at the evidence. BHP has provided none.
What we do know, is that anyone apart from BHP, can talk to NM and put in a friendly bid, or go hostile.
Yes doing this releases BHP, but the argument, that everyone is waiting to see what BHP does, holds no water.
If another major, thought they could get this cheap, then advancing talks, why BHP was in standstill, would be an advantage for them, and not a disadvantage.
Nobody has bid for Solgold successfully at this stage, that tells us a lot.

One thought on the current share price. We have not announced the PFS, we are at PEA stage.
So we are worth NPV about 3.4 billion pounds. The market cap is 530 million pounds.
So we are about 15% of NPV, which is about right for the PEA.
I expect this to double soon after PFS released, with only a moderate increase in NPV.
I believe it will be more than that, but as we have seen this takes time.