Member Info for Quady

Good morning all, hope you all had a good weekend.
I do believe we will get something before this Friday, in the way of news.
Probably drilling updates, would also like to hear that PFS will be completed on time, and we could see this pushing 30 pence, by October.
However no bids now or this year. All the reasons I have mentioned before, still exist. Nothing has changed,
However all positive, as also believe we may get a look at how, the 2.7 billion fund raise is going to happen, this year.
An outline only, as money raised, as we approach DFS. The news will be coming a lot faster.

Hi redknight, I always state no opinion, as to state strong buy, means I am offering advice, rather than my thoughts. I don't recommend people to buy or sell, only what I think.

Miagi, here is a really wild theory, NM might be telling the truth, when he said BOD changes are going to happen, in order to change from an explorer, to a miner.
Crazy I know, but just might be the case.

Good afternoon ohwhatanight, Usually when you call an EGM, you tell the BOD, what support they have for this, also you might write up an agenda, so that this can be discussed, before the EGM. The very least you do, is announce the date.

I like your post schlemiel, you sum up the facts, and then say, Nah NM can't mean what he says, he is going to sell it.

Good morning BBG, I do hope not. I think he will deliver PFS this month.

Quite right Miagi, he is an officer, we never seem to hear from the CFO.

Agreed Richy, according to NM recently, PFS is still on schedule, However will feel more comfortable, once we see it.

Good morning Miagi, don't forget Ingo, as he got us the FN deal.

Good morning Barry, it might well be, but as Solgold gave out a list of webinars in a RNS recently. Who knows, maybe an RNS precedes each one.
Also, although todays RNS, is interesting, I think NM will expand on it.

Basically, they are saying, let's have an EGM to oust NM, because otherwise, we are in a lot of trouble, and will have to abide by the terms of ENSA, and that will cost us money, which we cannot raise, using our 15% of Alpala, as we don't own it, until the mine is built, ENSA ends, and ownership of Alpala, is returned to there prospective companies.
They are now on stage two of their plan. It's called we really haven't thought about this, how the hell do we do it.
I will pay this some attention, when the meeting is called, and we can read the meeting agenda.
It will probably say. We had no idea, Alpala would be so big, and we would like the BOD replaced, because otherwise we need to raise funds.

Good morning Richy, I believe this is smoke and mirrors, let me expand on my thinking.
It has been some time, since CGP announced that they were going to have an EGM, after 27th October this year.
If you are going to call an EGM, you indicate why. You don't start rumours, that Solgold are withholding price sensitive information, you report it. If you are saying you wish to replace the BOD, you say why. If you have backing for this, you name your backers, and lastly, if you are going to do this, you name a date, so that everyone can be available.
You have a plan, and you outline it, at the time of calling for an EGM. This is laughable.

Thank you Copperpot.
addicknt, we agree on a lot, just not the final outcome, like you, I also agree with Jerry's post this morning, that this will make us more investable.

Morning Richy, as far as I am aware, Cornerstone don't have a plan.
They still haven't named an alternative BOD.
They haven't detailed why we are going to have an EGM.
They haven't got the backing of anyone.
They haven't even set a date.

On NM's last presentation, this was announced, we are going to be changing the BOD, in order to change from an explorer, into a producer.

Fair enough rcgl2, we can agree to disagree.
Yes it's my interpretation, but since BNC, posted on ENSA, I have spent a lot of time on this.
All the best.

27 days till PFS, I hope this is delivered on time.

In short, break governance, and lose your share of ENSA, either Solgold or CGP.

Hello rcgl2, as laid out by KB007 earlier today, will paste in and explain.

Transfer of Interests
From the date of this agreement until the effective date of termination of this agreement, Cornerstone and ENSA may only assign an interest (whether legal or beneficial) in whole or part of the tenement or any interest of ENSA if

(a) SOLG approves the proposed assignee or recipient.

You are correct ENSA is a standalone company, but it's the agreement that gives Solgold and CGP, their relative holding. They lose these holdings, if governance is not applied.
In the above statement, it clearly says, that a time period is agreed, from the point of inception, till effective date of termination. We only have so much time to build this.
The above part applies to Solgold not CGP.
CGP can only assign an interest within the agreement, with the permission of Solgold.
This is the main point. CGP has a 15% interest by assignment, they lose this without, adhering to the governance of ENSA.
Part of the governance, is that any part or whole of ENSA requires Solgolds permission. It's part of the governance.
When ENSA was developed, and updated, this was kept in mind. Both Solgold and CGP, agreed to the terms of ENSA, in order to build a mine, and give taxes to Ecuador's government. When the mine is built ENSA ends, and the respective ownership of Alpala, reverts to the holding companies. If the mine is not built in the required time period, Solgold and CGP lose everything.

Sorry Miagi, just read my post back, I got it the wrong way round. Many thanks for the correction.