Member Info for Quady

Good morning Copperpot, good to hear from you. You are correct, Andrew Martin, talked about taking this to production, and I never believed him, I felt that like addicknt, and a lot of other good posters in the let's prove this up and sell it brigade. That he was doing this to get a better price. I don't get that with Nick Mather, everytime, he raises money, he moves on with Alpala, he doesn't spread it thinly and try to work out, what can be proved up quickly and sold. He is concentrating on the prize. Let's face it, their have been many times, we could have run out of money, everything would have come to a standstill, and we would have lost our investment. I was abused in the early days, for pointing this out, and called a paid deramper. As you and most of this chatroom know, I am far from that. I am invested, and will call it, as I see it. I believe Nick Mather, if you listen closely, we get no incosistent messages. He has planed this out, stage by stage, and saved money, and brought people on only when required. He is the right person to bring this to fruition. All the best.

Welcome to the board sunnybne, good morning Grimbergen, you may well be right. But, I think I can explain the deviation. From memory you have been here as long as me, maybe longer. I first invested, when Andrew Martin was around, and we were an AIM explorer. In those days, the model, was find a decent size discovery, spend as little as possible and sell it. But then we had hole 5, early on in. Feels like the first five holes took such a long time, with our Donkey and two portable drill rigs. ( I think our donkey deserves, some free shares, as Solgolds hardest working employee, back in those days ). Something changed, and hole 5, meant our drilling program also changed, and we start to drill intercepts around hole five. Moving on, when Andrew Martin moved on and Nick Mather came in, I didn't understand, what was happening, and their was a lot of uncertainty around this share. But in hindsight, we can see the difference. We were going to become a mining company. Since NM joined, the message has been clear, nobody is getting this cheap. What does that mean. Well the language says, if we get full value, we will of course consider selling, but it's gotta be full value, or so close to it, that it makes no difference. No major, is going to pay full value. We would be looking at 2 pounds a share today, and if phattrader is correct and the PFS is 8-9 billion dollars, that's close to 4 pounds a share. We all know, that's not going to happen. So NM is effectively saying no sale. He is also saying, that to get full value, we are taking this to production, and against all odds, is getting there, stage by stage. He seems to me, to be a methodical thinker, that's my skill, if you like. I can see that he breaks tasks down, and executes them. I believe he's in situ, because of his experience in the mining industry, not because he knows how to construct a mine, but because he has the overall experience, in knowing the steps, and bringing in the right people to do the job. In short, we were destined to be a producer, after hole 5. None of us knew it, and indeed Solgold didn't know it, but the way the drilling program was altered in those early days, led us, to one of the biggest Copper, Gold Discovery's on the planet. That to my mind, is how we deviated, and I for one, have carefully listened, and try to find inconsistencies in what Nick Mather said. I find none, I consider him to be a man of his word, and he in my mind, will bring Solgold to production, no matter, what obstacles he encounters. After all, he has seen it all, and has a clear direction. All the best.

Agreed Iceberg.

Agreed smickster, we are seeing history in the making, and we are part of it.

Good evening Colonel, that's my argument, nobody is going to offer fair value, so no friendly sale, and I doubt they will offer fair value, if a hostile bid arrives. It just means it's not for sale.

I agree Earthling, NCM, BHP and other interested parties would like to own Solgold, only problem is NM won't sell, so that means a hostile bid, and nobody is going to do that, as they would be more than one bid, and that's the last thing any major wants. They want this cheap. They are probably quite annoyed by CGP, because they are making this into a farce. I am beginning to believe they won't counterbid for CGP, and let Solgold take them out. My reasoning is it's easier to negotiate with fewer main shareholders than many, which is what we have at the moment. Seen this too many times in the Oil and gas sector. We could do with a few more high calibre individuals like NM in many industries. All the best.

Good evening Earthling, NCM will not support them, because being credible with the Government of Ecuador is important to them, plus they know no one would support them. It just won't happen. NCM are a major player, and have a cooperate image to maintain. All the best.

The reason I am sure their will be no EGM is simple.
Only a bunch of clowns would call an EGM, and then say, we can't give you a date or details, or who we are proposing to replace the board.
If you call an EGM, it's because, you have thought about it, got your alternative board proposed, and you announce it all within 24 hours, if not sooner.

Their will be no EGM, They haven't even given a date, have not named the 5 members, and do not have the backing of NCM, BHP, Black Rock, or anyone. They may have Swazers, Goldfingerer, and one or two others. But that doesn't worry me too much.
The whole point of this is to sow discourse, and keep the share price low, hoping someone, may elicit a bid, and create a bidding war, so they can get more for their shares.
Only problem is no one is biting. Ask yourself this. They could have called an EGM within a month, but they have said after BHP are released from their standstill agreement, and even then have not given a date or any details.
The reason for this is too permanently depress the share price, as long as they can, by sowing seeds of doubt.

Oh dear, by answering you Shipright, I hit 500 posts in a month, and that will amuse Zoros. Didn't want to do that.
However you are correct.
Someone posted, that showed it had been changed to 5% from 10%, so I accept that.
They have 15% of ENSA and 7.6% of Solgold shares, but the 7.6% of shares owns 85% of Alpala.

So that means that they own (7.6 * 0.85 ) + 15= 21.46 of Alpala.

Good afternoon Shipright, I thought it was 10% of shares, but apparently it's 5%, so CGP, can sell a few more.

Earthling I am not saying this applies to you, but let me try another way of explaining this. Lots of people disagree with me and think this will be sold, and that's fine, we all have our view. But when people post that NM is doing a bad job, because he hasn't sold it for less than full value, then they need to listen to what NM and the board is saying. They are not going to take an offer, because any offer, will be less than full value, and as we prove up more, it won't be worth less. If you disagree with NM email and question him, but don't be surprised, if you ask him, are you taking this to production, what his answer is. If you think he's lying, and complain about him telling the truth, that's not Nick Mathers fault, that's the fault of the person that thinks he's lying. That's mad. Seriously, I know you have had a hard time, and I wish you and your parents well, and I hope the money you will eventually make from Solgold, will make a difference to you and family members, but I feel you would be less angry, if you listened carefully to Nick Mather, and more importantly look at the actions he is pursuing in order to achieve what he has set out to do. Yes things can change, but we have zero evidence. Someone would have bid for this by now, if they thought, they could get this cheap. They are probably still trying, But NM is doing a brilliant job, of not selling us out on the cheap, and as PI's we should all be grateful to him, because he has stuck to his word. All the best.

Earthling, I pay lots of attention, from people who disagree with me, to quote a few, addicknt, Jerry, Colonel, DG1investor,BNC, Pinornoir, and more. None of these share my views, but they talk sense, and what they say, I always consider. But this is not about me. It's about do you believe Nick Mather. If you don't, and this is not directed at you Earthling, but everyone with conspiracy theories. Then email Solgold, and ask for clarification. It's not hard. If you then disbelieve the answer, then invest elsewhere. I know I wouldn't invest in a company, that lied to me, and that I didn't believe could do what they say they can do.

This board is getting strange, a year ago, people complained that the company didn't communicate with shareholders, this has improved massively and today, we get plenty of high quality communication in many formats. I particularly enjoyed the recent webinars. We are told that Franco Nevada have been held up, because a visit is required, we are told the plan is to go to production, we are told that we have a billion lined up for Alpala, and that we have more people lining to provide the finance to bring Alpala to fruition. We are told that we are funded for a PFS and DFS, We have raised money for further drill programs, where we have licenses. We are hiring the people required to achieve this. Yet we have all these conspiracy theories, supported by zero evidence. Get a grip, what is the point of further communication from NM and the board of directors, it you think he's not telling the truth. More of you believed him, when we had less information.
So it comes down to this.

Do you believe Nick Mather, when he says the signing of the FN deal is being delayed because a site visit is required.
Do you believe Nick Mather, when he says he's taking it to production.
Do you believe Nick Mather, when he says we can finance this.
Do you believe Nick Mather, when he says future prospects are superb.
Do you believe Nick Mather, when he wants the best deal for shareholders, and if he sells wants full value.
Do you believe Nick Mather When he says, we will bring in the expertise to do this.

Then you are invested in the right company.

Or do you believe CGP, who says they want him removed, because he won't deliver value for shareholders.

I believe him, until he lies to me, so yes delivering full value, or close to it, can only be achieved by taking this to production.
The point is, it takes time. A sale doesn't achieve full value.
Everything else is smoke and mirrors. Please guys, get a grip.

Afternoon Tiger, have you listened to the last two webinars, how they fund Alpala does not involve 40% equity raising, he clearly says, a little equity. This is going to be financed by streaming and debt. We are going to build this and go to production, unless we get brought out at full price, or close to it.

Good morning Tiger, I am going to assume that you have listened to the webinars, how do you come to idea, that we are going to get huge dilution, when the evidence suggests the exact opposite.

Good morning Tiger, how can anyone say NM has done a bad job. Your idea of a bad job, is not to give CGP what they want, and not selling on the cheap. A share like this is not for the faint hearted. This is not going to be sold in October, lots can be done to defend this share. However try getting all the main shareholders to sell at one price to one company. It's just not going to happen. To take out Solgold will require a hostile bid, and that's not cheap. So it's not going to happen. We carry on , and if you take a long term view, I don't think your be disappointed. Good luck.

Interesting article by Elon Musk, does anyone know of any Nickel explorers ?

https://www.msn.com/en-gb/money/other/please-mine-more-nickel-musk-urges-as-tesla-boosts-production/ar-BB175mAR?ocid=msedgntp

I agree redknight1, I said earlier that this can't last.

Good afternoon dusterinmong, I disagree, he is giving us shareholder value, it's just going to take 5 years. He has been consistent. A sale does not deliver shareholder value.