Member Info for Quady

Yes that's possible Jerry, but it cannot be in ENSA. I think part of Blanca is in ENSA, and if memory serves me correctly, they split it into two, One part in, and one part out. We are going to explore the part out of ENSA, so no benefit to CGP. Someone please correct me if I am incorrect.

Good evening Jerry, The fact it's in ENSA means no separate company, It was set up with the water rights, and in such a way that the government remains in control of governance, That's my understanding.

Hi rcgl2, that's a horrible thought.

Thank you addicknt, that's how I thought it happened, that CGP would nominate the alternative board. To my mind, I don't think CGP could put together a team, so even if this went ahead, don't think the majors would vote in their favor. All the best.

Thank you rcgl2.

Good morning rcl2, as you know I don't believe this will happen. However I am unclear on one point.
If the EGM goes ahead, I believe that CGP will put forward Directors to replace them.
Is that correct, and if so, why would the major shareholders vote for this.
Not something I know about, so would be interested who would appoint who, and at what time, if this went ahead, and was successful. All the best.

Tiger, sorry your argument makes no sense, your doing the corner shop mentality bit again. When you say we have no security, we do. If you are right, why are FN giving us between 100-150 million dollars, with no security. Why does Ingo have tentivily another billion lined up, with possible streaming deals. We haven't even published the PFS yet. We may get minimal dilution, but that could be because of the CGP offer, or we require, more funding for our drilling program, at a later date. As BNC has just said, maybe minimal funding for Alpala. We are not a corner shop, having to offer security for a loan, cap in hand. The people who want to lend us money, are coming to us.

Your correct BNC, I remember him saying, minimal dilution for building Alpala. I just feel that the PFS is going to be far better, than anyone thought at the time he said it, and the goal posts may have moved. All the best.

Good morning Tiger, you keep saying Solgold gets heavily diluted. May I ask you, what is the evidence for that. NM says minimal dilution. We have smelters, lining up with the posibility of streaming deals, which is from this type of finance and loans. Maybe bonds, although that's harder at this stage. The minimal dilution that NM is on about, I feel is for the continuation of the drilling program within our other properties, after we need more money in 18 months. I am not sure we get any dilution for building Alpala.

Good morning Tiger, I don't believe their will be an EGM. Certainly not in October. They have not announced a date. They said the earliest will be 27th October. So that probably means later. They have not proposed a motion, apart from we want more money. They haven't submitted an alternative BOD, which they said they would. They complain, that the 1% offtake agreement, was bad value for shareholders, they thought 20% dilution was better for shareholders. I doubt this is even on Nick Mathers radar. All CGP have done, is make themselves, less attractive to buy. This has backfired, in a big way.

Thank you addicknt.

Correct miagi, that's part of the reason Cornerstone are upset, if FN deal signed, no chance they can monetise Alpala. Now the question is can NM really build this. I think yes.

Good point BNC, I don't own enough Solgold shares.
I have been thinking and watching the trades today, and on TSX.
I think it's just MM's have trouble getting stock. Don't think it's anything more.

Maybe some things we can all agree on.

1=) CGP are bluffing, no EGM will take place, and even if it did, none of the main shareholders would support them.

2=) Neither BHP or NCM or Blackrock, are going to sell their shares.

3=) Nobody apart from us, is going to buy Cornerstone, we may not get our offer accepted, but we will get it in time. Ay least ENSA.

4=) We will get mild dilution, so who gets the shares ? I think if we get dilution, it will be another partner who gets them, not any of the main stakeholders, after all, it's difficult enough to launch a bid for Solgold now, let's make it even more difficult.

5=) Funding Alpala, I would be surprised if any of us believe that Solgold cannot get the funding to build Alpala, question is what will this look like.

6= So looking at the above, I still believe we are heading down the production route. I am warming to phattraders calculations, especially with the price of gold, being what it is. If phattrader is correct, then fair value for Solgold, valuing Alpala only, is netween 3 - 4 pounds a share. We are never going to accept a low ball offer.

7=) How do we defend any bid, not just low ball. I allude to that in point 4, but also signing Franco Nevada deal, and outlining funding for Alpala. Lot's can be done, and more to defend this company.

Food for thought. Enjoy .

Sorry BNC, I would spend my whole life, cleaning a yacht that size.

Hi BNC, have a friend who owns Solgold shares, and he has a yacht. Not as expensive as the Italian. But I don't think he would consider yours Ocean going.

Gotta say BNC, I prefer Italian's boat.

Good morning everyone, I won't go into the history, I have with Earthling. But I would like to Apologize to everyone on this chatroom, as yesterday was a farce, of which I am 50% to blame. So once again sorry to everyone, that had to put up with me yesterday.

By the way Grimbergen is correct, Goldfingerer is a past poster, I thought it was Columbo, but Columbo, had no knowledge and Goldfingerer shows some. Could this be EricEric.

Thank you for the link newtoit, I have bookmarked it. Yes I believe NM, as I believe he knows more about Solgold, than Earthling and GoldFingerer.

Thank you Stocky, I agree, not going to cheap, but I imagine if a firm that are experienced block cave experts receive an offer from Solgold to do it for them, I am sure someone can manage it. After all, that will have to be in the DFS. So no block caving quote set up, then we get no DFS. I am sure NM has this covered.