Member Info for Quady

Why Scoutt, would BHP bid for Solgold, when no-one else had, what's changed. We can defend against low bids, so if BHP, was going to bid at near to or full value, it would have been agreed, long before now.

Agreed Jerry, you have cracked it. I would not be invested in a company, that I thought was lying to me. The big question, is have you cracked the wine, and what is your opinion on the price paid. Is the wine, as good as Solgold. All the best.

We shall see addicknt, they own a share of Solgold. Solgold has to issue more stock at some point, for proving up, other concessions. If BHP, were favoured in this way. Part of the price, maybe bringing Alpala to production. Solgold has many ways to bring Alpala to production. If BHP wants further equity, then they need to talk to NM.

You're correct Dbw, we are not mining anything yet. But make no mistake, we are now a mining company. When a mining company is setup, it doesn't stop being a mining company, until we are pulling ore out the ground. We are every bit a mining company.

I wasn't on about a jv in the typical sense. I was on about Solgold hiring the service's of the likes of BHP, and paying them.

One of the reasons a takeover is becoming more unlikely is time, everyday that passes, with no takeover. Is a day that gets closer to government dates, on how Alpala progresses. We only have so much time to get the DFS out, so much time to get to production, otherwise we lose our concession. The problem is a friendly takeover takes a lot of time and resources. A hostile takeover, that is defended, takes more time and more resources. Everyday that passes, makes a takeover harder.

Agreed allthatguff, the market doesn't think a takeover will be launched, for all the reasons, that a takeover hasn't been launched so far. BHP, I don't believe will agree a price. They won't go hostile, for all the reasons I have outlined before. They will collaborate, with Solgold, to bring this to fruition. When you think in this way, the share price movements make sense. No need for any conspiracy theories. We are progressing towards production. Yes we will get fluctuations on news, but the big RNS, will be on the day, we are open for business. All the best.

Good morning Schlemiel, couldn't disagree more. I don't know if you have worked for a company, or indeed yourself. But this is now a mining company, with a major find. Companies don't lay awake at night thinking, oh dear if nobody buys us, then we are not viable. Solgold is a highly viable company, and companies like Solgold defend takeovers, they don't capitulate. This has been stated many times before by NM. Nobody can build Alpala quicker than Solgold. Because of the governance. Yes another company could acquire the licences, but they would have to meet the governance, laid out in ENSA. Solgold will obtain value, when we are producing, and we have cash flows, for debt repayments, NSR payback, future exploration and proving up, and not forgetting dividends. We are at the start of something exciting.

We must remember that FN, will only get 0.5% not 1% net smelter return, for the 100 million dollars, if all goes to plan.

https://www.msn.com/en-gb/money/other/less-than-half-the-gold-sent-to-big-refiners-comes-from-mines-lbma/ar-BB19iTJd?ocid=msedgntp

Sure, when we get news share price rises, and then no buy out. Think about it, we were an explorer. As an explorer we expect to get brought, so every bit of news we get, people het excited, shouting buyout. No buyout arrives, and we fall back. It is getting better slowly.
I believe this will deliver me a big profit, but been doing this long enough, to wait a few more years.

Hi smickster, may I ask you a question.
I imagine if you think this is going to be brought out, then the share price makes no sense.
However if you consider, we have years to go, to get to production, then the share price makes complete sense.

Good evening smickster, I don't see why.
The case for investors is stronger for having majors onboard, without them, we would not have got this far.
As for traders, I couldn't answer that. But don't believe it makes a difference.

Sorry DBW, don't understand the question, nothing has changed, I thought they were going to production then, and still do.
Ok we got the FN funding, and the book is more diverse today, all reasons why production is the most likely route.

The question on low volume, OK will try to explain this.
If you have a company that trades less than 0.75% of it's market cap on the same day, everyday, that is considered low volume.
We have to understand that traders, may buy and sell the same shares, more than once a day, so while this looks like a bigger volume, it is disguised.
Imagine Solgold was trading 15 million shares a day, everyday, then we start to get a realistic price.
The reason is twofold.
First : Traders find it harder to make a profit on a share, with a liquid market. This is because they cannot see the direction of travel, so quickly, and if someone sells, then you have someone, waiting to buy within minutes. The more liquid a share is the more trades, the more institutions take notice, and they will buy.
Institutions don't trade in illiquid stock, unless they take a position and hold. ( investment, not traded )
Second : When we get more people taking a position, and we still get 0.75% of trades, their is less stock. So imagine if you have people taking positions in Solgold, with an illiquid market, we could get 2-3 million extra buys or sells a day, and the price would barely move. Hence we get a uncrossing trade at the end of the day, and this happens day after day.

Summing up, a liquid stock, means that the investor can sell and buy larger amounts of shares in a single trade, at a better price, because they can be sure they get a price within the spread.
Other factors are involved, but that's the basics.

Sorry DBW, the price is not being held or played with in any fashion. It's just we have low volume. With low volume, people can trade and the price sticks in a range. But I doubt it's even that.
Just low volume.

Good afternoon DBW, your quite right, it's going take something special.
I would suggest that special something, would be the construction of a mine.
All the best.

Morning Shipright, looks like BHP are redeeming some of their debt, and paying down bonds.
Maybe they have the spare cask flow, or maybe they are going to refinance.
Certainly not freeing up cash, in fact the opposite.

Agreed FTJNY, he is not adverse to ramping any share, to try getting others to invest.
We nearly all thought, myself included, that Solgold would be higher in price, than it is now, for all types of reasons, on both sides of the argument. But we must never forget, that what all posters have on this forum, is opinions. And that the value of a forum like this is to check out peoples opinions, and see if they make sense, to the story of the company, only the individual can do this, as they live and die ( moneywise ), by their investments.
People like Zoros, try to pretend it's a slam dunk, and nothing is a slam dunk.

Zoros, I suggest you read the rules on this forum. You are in breach, as you are not only making share recommendations, but you have directly addressed them to one poster.
Also that fact, that you do not answer the question, and divert attention, should tell new investors, everything about you.
Do not listen to Zoros, he is always wise after the event, and will probably lose you money.
I thought Swazers was bad.

Thank you Miagi.
Morning Novice, don't count myself as an agitator for any cause, however, maybe very little on Solgold, at the moment, as we are all waiting, for what next transpires.
All the best.