Member Info for Quady

Good evening Earthling, just for the record, I have not said no one would pay 1 pound a share, I have always maintained, that no one will pay full value. As we prove up more, the value increases, yes some dilution, but I think because we cannot assign a value to the other sites, doesn't mean they have no value. The licenses and acreage we own, in my mind gives value. So if a bid based on fair value came in today, I would want to see just over 2 pounds a share. Don't believe we will get it, and NM has said he want's full value, or near to it. So he will carry on.

Good afternoon Earthling, I am not sure we won't sell. I am just listening to what NM is saying and doing. He has done, what most explorers cannot even dream of. He has discovered a world class resource with more to come. He has from the word go, tied in BHP, so they cannot do anything till October 15th. If we had not had Corona, then we would have been further along the curve. That as far as I can see, is the only thing NM has not seen coming, but to be fair, no one did.
We are about to finance the construction of Alpala, We have enough funding for 18 months exploration. We are not in the same boat, as other explorers. We are not distressed, and don't require any more money for the foreseeable future, apart for the funding to build Alpala, which I believe is in hand. Don't forget the book, the distribution of the various holding, make this very difficult to bid for Solgold, otherwise we would have had a bid by now. I believe it's going to become a lot harder to bid for Solgold in the future. What happens if as NM has said, we get very limited dilution. Well we get some dilution if the CGP bid is successful, but we also pick up a decent holding of Solgold shares, and own 100% of Alpala. Let's say we don't get CGP, that one of the companies that could bid for us gets it. Well NM could say dilute 25% and bring in another shareholder like Barrick, and give them a 2 year standstill agreement like BHP, that would make a takeover virtually impossible. In short this can be defended in so many ways, because we are not in a distressed state, and don't need the financing. Don't get me wrong, I wouldn't mind a fast profit, if we got full value, but we won't get full value, with a bid. So I believe NM when he says he's going to production, as we slowly see him building the team, to enable him to do it. All the best.

Sorry DBW, that's the point, no one is going to bid that high. We are going to defend against low ball offers, if successful, we won't even get a bid. All the best.

Broker price targets are rubbish, never believe a broker price target.

Let me add my thanks sjn1980, it looks older, but dated today.

Good morning AngHol, if only it was that simple, lots of reasons. advance positions, shorting, borrowing stock, and giving a wider spread are just a few things, sure many on here can name the more complicated reasons.

This is what I am looking at. https://www.taxathand.com/article/12434/Ecuador/2019/Bill-including-significant-tax-measures-presented-to-National-Assembly

Good morning, just looking at tax regime in Ecuador. Taxes are more than 25% for selling Alpala. But the interesting point, seems to be the tax relief, we can attract as a company for developing Alpala. It's a long read, and you have to keep jumping about, to find other information. But I believe, it's not just the tax payable, if we sell Alpala, but all the tax relief, we have had up till now, that would need to be repaid with interest. If someone, who understands these things, would care to comment or correct me, please do. I am looking at the Deloitte tax papers on the country of Ecuador.

Good morning all, watching with some interest. At the moment news coming too slowly, and not the correct news. Some of it, is out of our control, like what is Cornerstones destiny. However, we need the Franco Nevada deal signed, and to start the drill results. We are tight on time, as although I don't believe we will get a bid anytime soon. This situation may change after the PFS. But even then not sure it will. can see the share price rising end of August, beginning of September, with the expectation of all the key news, which will happen in the following weeks. Unless we get key news early, I guess it's wait and be patient. But as I have always maintained, if you want the big payday, we have 5 more years. Look on the bright side. 5 years gives us all the time we need, to plan what we are going to do with the money.

Agreed Miagi365 Porvenir, does seem to tick all the boxes, I wonder how soon we can get some cores drilled and sent off for analysis. All the best.

Good evening Jerry, I think the reason is they look good on the induction polarisation surveys, did anyone notice Aguignana ( not spelt correctly ) On the IP survey, the copper element, looked about 5 times the size of Alpala, but not as much gold. I will be looking forward to the drill holes.

We came second, we didn't get any of the judges votes, if we had got one vote out of five, we would have won. Nothing to report no new info.

6 min technical now, we are in the final three.

Will do Cookie, will publish what he says and my thoughts. All the best.

Just opened a bottle of Muga Prado Enea Grand Reserva 2011, It's going to get 20 minutes to air, ready for the king of the ring finale. Let's hear what you have to say Hugo.

Hi Copperpot, many thanks for the reminder, just clicked the link and logged in. starts in a few minutes. All the best.

Good afternoon Copperpot, you could be right, reckon we will get one next Wednesday morning, just before NM's afternoon webinar. All the best.

Trading activity low, but buys outnumbering sells by 10-1 at the moment.

Good morning Tiger, page 9 is interesting on Solgold's bid, but page 8 far more interesting, as gold price levels out this year, and starts to fall, and is at 1400 dollars an ounce by 2023. Thank you.

While we are waiting for news, I thought I would pose a thought experiment, with one assumption. The assumption is Newcrest don't end up owning Solgold. So now to the thought experiment.
Let's say that I am wrong, and we get a bid, from anyone except Newcrest. I have always said how does that work.
So how low can the bid be, that holders of blocks of shares, would sell to the person bidding. In other words to obtain Newcrest's shares. Newcrest know the value in their holding, so what would be the minimum someone could bid to obtain Newcrest's holding, and why?