Member Info for Quady

Again, your quite right Copperpot, I just have this board, up as background, during the day. I certainly am not pleased, that this is your last post.
I think after I have exited this share, I will delete my account, or close it down, as I don't comment on any other shares, that I own.
I wish you all the best.

Thank you Copperpot, I will try to ignore him, I dare say Earthling has problems as well, as we know, he is looking after his parents, so I don't judge. All the best.

Good morning Copperpot, your correct, I spend far too much time on here, unfortunately in a very high risk group for covid.

I was being conservative Miagi. I think this may be 7-8 billion. But I cannot but see, that NM is going to exceed expectations. Not long to wait.

I believe the PFS is going to be good, we may even get it tomorrow. NM is confident about something.

Miagi, I took a rough calculation from 9 billion dollars.

Good evening Schlemiel, while its true, that Moreno's government, has changed the mining laws in Ecuador, and made all this possible. I do believe that next February, his party will lose power. It will be closely contested. But the incoming party, will be just as pro mining, as they are more pro business, and want to attract inward investment into the country. So look for tax breaks for investment in Ecuador. I believe this, as they cannot improve infrastructure at this time, as the country has little money for any government expenditure, that isn't absolutely necessary. I am happier in Ecuador, than I would be investing in Brazil.

Hmmm 80 pence, with 2.072 billion shares, is roughly 1.6 billion
So with a PFS at the low end of 7 billion, is nearly 24% of NPV.
We would have got more at the PEA, even if we were distressed and needed funding from a major.
But at least Earthling has provided his thinking.

I forgot one point Miagi, my figures are based on 7-8 billion dollars at PFS, so I am working on 60% of NPV at PFS.
Which I believe one or two posters, would raise an eyebrow at.
But should we get to DFS, then 50-60% is the norm, and we will have other drill results.

That about sums up my argument Miagi, there is a bit more to it, for example, why no one, will bid for it, as I cannot think of one major, that has paid full price for any company, at the PFS stage, based on the NPV.
Sure we could get 40% of NPV, at PFS, and I understand that many would consider that fair value.
My argument is Solgold is different to a 40% NPV takeover, based on the PFS.
As these companies need to raise cash, for the build.
Because we don't, I believe this commands a higher premium that the majors won't pay.
Also the key stakeholders, know what they got, so won't sell cheap.
Align that with a diverse register, means that any bidder, would have to get the agreement of all the main stake holders, and this gets harder still.
I admit, we could get a bid, and if we did, I think it will be along the lines, suggested by addicknt, which means we won't sell cheap. at PFS, I believe between 2 pounds to 2 pounds and fifty pence.
I don't know what price addicknt, would put on it, but listening to his argument over the last year, I think my estimate, wouldn't be too far off what addicknt has in mind.

I mean Oh dear

Oh fear Earthling, I was going to take you up on your truce, but you really are an arse.

Good grief allthatguff, what the hell are you on about, did you read Schlemiels post in the last couple of days, and there have been more over the years, I have been here.
Also, like some, you have misunderstood me, I have never said, that Solgold won't be sold, I just support the most likely outcome, which is the line, the company is taking, to achieve full value.

This is a difficult post, and I am not saying this is true of you DartFrog.
While I would say, that every investor is responsible for their investments, unless they are fraudulently sold.
I have noticed over the years, that a fair number of older investors, have invested a large amount of their portfolio in this share.
I don't feel that the constant ramping of an imminent takeover, practically every week for the past 7 years has helped, this situation.
Please could I ask people with the opinion, that this would be taken over at any minute, with a premium, to refrain, and to point out, that this may go to production, thus giving a more realistic outlook, for people who are new to this board, as their is a lot of resentment I feel, even though the company, has been consistent in saying they will take this to production. Many thanks.

The only person, who persists with insults is you earthling, to answer your question, which has been answered so many times, is yes NM is correct as this is dangerously low, meaning that could invite bids.
However it would be defended.
You have never given a calculation on how this could be taken over, the only credible takeover scenario I have seen on this board, is from addicknt, but you disagree with that as well, as you recently posted, that you would take 60 pence.

Good afternoon Colonel, may I suggest two ways to defend this. A complete financing package to bring this to production, would see more debt and offtake agreements, and make this less attractive to a major.
Also as a last resort, we could bring in more majors, by issuing more shares, and giving them standstill agreements for 2 years, and thus diluting other majors stakes, and making it impossible to obtain the new shares for 2 years.
That's on top of the diverse register, and speeding up more discoveries. With the money from the new issue.
This can be defended, in my view.

Good morning Miagi, I watched Earthling's post last night, and asked him for the 3 calculations. As I also did the maths.
It's complete nonsense.

Agreed Addicknt, we should see the PFS by Tuesday, I predict tomorrow.
The reason why I believe this, is that NM in recent presentations, has always said that he will deliver, by end of 3rd quarter on all occasions.
If there was going to be any delay, he had the chance to say so.

Earthling, I suspect you are wanting a buyout, because you are about to become a desperate seller yourself. You are sounding more desperate by the day. Your behaviour is not that of an experienced investor, otherwise you wouldn't be so rude, to those with thought out ideas.
To say calculations are not required, says everything.

Hi Disruptor, agreed, but if we do get taken out, it won't be cheap. I just don't see any evidence of anyone bidding for Solgold, with the current distribution of shares.
BHP, if it wants a larger holding, will cooperate with NM, rather than launch a hostile bid.
I think we will have some surprises in the new year.
We will have an understanding of where the 2.7 billion for financing is coming from.
We would have had the PFS, and proceeding towards the DFS.
We will have the plans to build the mine.
By the end of next year, we will see a team being put in place to construct, with an engineering team in situ.