Member Info for Quady

All I can say is good luck, I hope it comes good for you.

Good morning d1873macca, If I had got into GGP at 2p, then you should be selling GGP now, and putting all your money into Solgold, or are you totally blinkered.

I am totally blinkered.

Quite right Copperpot, looking forward to the next three months, as don't believe we will get a bid, as really only company that can't bid for us is BHP, everyone else can, but even at this price no bid. Maybe different after PFS, and the competition can see the operating costs, and thus can do some meaningful calculations, on revenue, cost and profit, just on Alpala. I think that is why we have Citi on board. All the best.

I do hope so Duster, I am all for putting off the big boys, while we progress the work at Cascabel.

Good morning dusterinmong, I have probably looked into the political background, more than most on here. In fact, I looked at it for 18 months before, I brought into Solgold 7 years ago. The political system in Ecuador, is a functioning democracy, but has one major difference. In the first ballot, if your party wins 40% of the vote, and you are the only party to win 40% of the vote, then that's it, you become the ruling party. If not, then you have a run off. The current party, won 39% in the first round, last election, and won the run off. Moreno is only president, because the previous incumbent, had served two terms. You cannot serve over two terms. So what does that mean? Well if Moreno should win early next year, he cannot run again, when Alpala is built. So at some point we will get change. However, Moreno is to the left, if you like, he is the socialist choice. His opponent, who is the leader of a recently formed party, is to the right. Both I would say are level pegging, at the moment. My feeling is Moreno will lose, and we will get change, because, we are seeing an austerity program in the country, in order to meet the requirements of the IMF's 5 billion loan. However, with declining oil revenues, mining is the new black gold, and much needed. On one of the presentations, it was mentioned, that when Alpala was up and running, that it would contribute around 4% to the country's GDP. That's massive, and both parties, will not do anything to upset, inward investment, at the time, they need it most. So on a personnel note, I am currently relaxed about the political environment.

Thank you redknight1, interesting, I personally, don't believe all the hype on the future gold price, as I believe things will settle down. Don't see Franco Nevada, shifting on current price, However for the 2.7 billion we need to build Alpala, maybe more favorable offtake agreements, than we currently have.

Just wondered if anyone, has been following this on level 2, and can see what the blocks of shares, and offer prices are. As this may give some indication, of the direction of travel on Monday.

Evening Colonel, something could be going on, but doesn't sound like any measures in place, like a suspension of trading, ETC.

I am guessing that stock is being borrowed, and their may be some settlements coming up. If so, this bodes well. But only guessing,.

Hello RedKnight1, I don't use level 2, Do you have level 2, and can you see what's happening.

HAHAHA, nice idea diggit1gold, if only it worked like that, wouldn't this be easy. You get a period between buying and settlement, I don't know for sure, but guessing they think people will sell, and they can cover the buys. As we are at the end of the day, I think they will try to balance this by uncrossing. It will sort itself out.

Guessing as near end of day, we may get an uncrossing trade coming up later, does anyone have level 2 and can see what's being offered up.

Good afternoon Magoo, sounds like a trade imbalance, you could try placing a limited order.

That's the point Scoutt, it was a presentation to buy FN shares, they were even offering prizes. It's a sales pitch for Franco Nevada. Gold will never reach these levels in 2-5 years. Think what would happen to the world's countries. Your talking about the collapse of Society. Money would almost be worthless.

Hello Scott, let me tell you in some detail why it's ridiculous, I am currently listening to the link. First of all he goes back to 1900 to the present day to make his argument, he shows evidence of the buy cycles, but none of the sell cycles. He doesn't mention the pressure that mounts on the gold price, as it goes up, he just assumes people will keep paying the higher price. As I said he takes the cycle as from 1900- present day, then when he shows the China India slide, of them buying 53% of the worlds mined gold that year. So how many years does he show this over. Well just one year. Then he uses this slide to extrapolate the gold price over the next 30 years. If you believe he is right, then Gold will be at 15,000 dollars an ounce, before Alpala is built. If you really believe that, not only sell your Solgold shares, but also sell all your other shares, Mortgage the house and sell the dog. Put it all into gold. I mean how can you lose.

If he has made a compelling argument, for gold to be in the range of 12,000 to 18,000 dollars an ounce. Then l guess he is talking about world wide thermo nucleur war. I am not even sure, that would get gold within that range.

Thank you Copper, I just registered.

Hi Tiger, I don't know is the short answer, I remember others commenting on the subject, about how the tax was payable and why. I think the possibility that you have raised was discussed, but from memory, it doesn't get round the tax implications. Maybe, someone can refresh our minds.

Thank you Tiger, that's most helpful. May I remind you, Alpala cannot be sold as a standalone project even if Solgold wanted to. This has been covered in at least two presentations. We would get very little, because of the tax implications, so as NM has stated on two occasions, that I can recall. "For this reason, we cannot sell Alpala".