Member Info for Quady

Good evening Copperpot, they didn't say, but as we used our email addresses to attend, I dare say, they will email them to us.

Good afternoon sipptrader, agreed, also figure will change, as more value is attributed to other tenements. It is a rough calculation, as I am not an accountant. So although I can read company accounts, I look at various fundamentals, and not how the figures were reached. Obviously this is not done in isolation. All the best.

Good afternoon DartFrog, I think fair points, and like everyone else I cannot give you a value. What I can do However is give you some enjoyable homework, which I did after the PEA ( Partly, as I will explain below ), so out of date already.
Firstly, I would say a good chance of acquiring the money, with little dilution, in order to build and put into production. We don't get that for nothing if we stream, but if we get Bank loans and streaming mix, then I like that idea better. A quick look at the Silver, Gold and most important of all Copper, mined in the first ten years. ( All in concentrate of course ). Will give you your first figure. Work out a rough estimate of the running costs. ( I am expecting to get that with the PFS, please correct me somebody, if I am wrong ). This will give us the gross profit. Take away taxes and monies, pushed into development, and of course the annual repaying of any debt, and this will roughly give you the net profit. Then work out the size of the dividend.
As I said I did this after the PEA, but don't have an answer. as the running of the mine figure, eludes me. What I can say, is that the Gold price was lower, and still looked good. I will Do this calculation, as soon as we have the missing data, and dare say many more will, and they will post as well. Be nice if we all agree, but we won't as all calculated differently. However if we find, we are all in the same ball park, and that allows a dividend. Then this will rerate, and depending on our starting point, this could be rapidly, after all who wouldn't want to own a 20 pence share, that paid a 40 pence dividend. Last bit is tongue in check, as missing the operating costs, But I am beginning to enjoy the ride. I would want to say something about a buyout. To me a buyout in real terms, is someone like BHP, buying us and then delisting, and we become part of BHP. To do this they require 90% of the shares. I appreciate that they can make this happen, if they get 51% control, as they can keep dividends low, and force down the price. Think about the Verizon operation and Vodafone. But let's see them get 50% first, that will cost them, and we will still make money, however it will be a fraction of what we get, by going to production. All in my opinion of course. Good luck.

Good morning ssmith_trader, where do I start. You may remember me posting on the odd occasion, that I was invested with Fortune Oil, and indeed a concert group was formed, and we got brought out for 10 pence a share. We owned a quarter of China gas, the second biggest gas supplier in China, we had a market cap from memory of just over 300 million, it was a risk that I and other Fortune Oil investors were annoyed about. So before I invested in another share, that was originally on AIM, one of my priorities, was to check out the distribution on the share register. Let's say in your ever so unlikely scenario, that Newcrest acquires Cornerstone, or Solgold's shares, and they act in Concert with BHP, they still cannot preform a takeover, without a hostile bid, which they can do, without acting in concert with Newcrest.

Good morning Gino, and Copperpot, Newcy Broon, it is for me from now on as well. Thank you for the brief history, always adds to the enjoyment. That's why I enjoy visiting vineyards in different parts of the world, as the story adds to the pleasure of drinking the wine, and evokes, pleasant memories. I have one sad comment, My consignment of 12 bottles arrives on Tuesday. However I have been informed by a friend of mine that Tesco, are doing it for 6 pounds for 4 bottles, that means 12 bottles for 18 pounds. Thought I would pass this on chaps. All the best.

You could be right Bozi, I was looking at the chart 4 years ago. He may have brought in around 30 Pence. I remember buying in at around 4.6 pence, and watching it drop to 1.5 pence. However like most people on here, I realize you never get in at the bottom, and you never exit at the top. All the best.

Morning Copperpot, hope you are well, just ordered 12 bottles of Nookie Brown for 25 pounds off drinksupermarket. Should have it Tuesday. I don't believe 4longtears has been invested, I don't believe he is invested at all. As you correctly say, it's his responsibility, why would someone come on this site, and shout about, how bad they are at investing. Doesn't make sense to me. All the best.

The title says it all.

Hi Copper, Christ you are evoking some distant memories, if you asked me about my favorite beer, I would say draught Guinness, Czech Pilsner, and Courage Directors, of course Abbot ale. But I would not of thought of Nookie Brown. Great beer served ice cold, great for this weather. I have not seen it for years, will be on the internet tomorrow, to see who sells it near me, as a great beer, especially in this weather. Enjoy.

Will do Copperpot, am on the Glenmorangie, just watching Foyle on ITV3, seen it before, but great episode. All the best guys.

Good afternoon Italian, can't say I know anything about Napoli, but you have my best wishes.

Never knew their was so much good wishes for Leeds. Thank you everyone.

Good grief Skippo not off topic at all. I also started supporting them in 1969.

Good afternoon Colonel, due diligence can happen in two ways, you can be invited in to prepare a bid. ( Happened to the company I used to work for. ) Also as you say a bid is tabled and Due diligence confirms that you are buying what you thought you were buying.

Good morning DBW, on the subject of bids, I don't believe the October 15th deadline when BHP released, will see any bid.
My reasoning is thus:
If any other company apart from BHP was going to bid for SOLG, then you have to ask yourself, why it hasn't happened up to now. Possible reasons are you don't bid for something that doesn't have a PFS and BFS. So you know what your bidding for. The shareholder register is too widely spread, and some consolidation needs to happen.
Also I doubt anyone has done due diligence on SOLG, as this is something that you would be invited to do, by the BOD.
That leaves BHP, surely is October comes and goes, with no bid, then I believe in the near term, bids are off the table.

Thank you, yes agree chaps, We haven't covered ourselves in glory, with violence and racism, and was ashamed of them during those years, but remember the late 60's, early 70's when they were a great team, led by Billy Bremner. Let me add my congratulations to Liverpool.

Anyone want to give a cheer for Leeds United, surely they must get promoted this year.

Good morning phattrader1, the one thing we cannot do, is sell Alpala, that has already been ruled out, because of the tax implications. It has to be a takeover of Solgold, or we continue to production.

Good morning addicknt, it wasn't a plan, just some off the wall thinking. A bit tounge in cheek. Thank you for reminding me about the anti dilution rights, I had forgotten about that aspect. I guess we just play a waiting game and see how this pans out over the next year. By which time, we may have a clear direction, to which way this is going.

Good evening redknight1, summed up nicely. I have a rather mad idea, of how to fend off a bid.
We have hired Citi to defend our share price. What if Citi are selling the prospect, that should we get a bid, and Solgold was to offer new shares at a higher price, that Solgold, would issue a certain number of shares, and allow other companies a share, thus diluting BHP and co, and raising the share price. I think other Miners would love a share of Solgold, but cannot get in. I am not sure however my mad idea stands up to scrutiny. I think the best way, is to get the 2.85 billion for Alpala, and that should do the trick. From that point, we get to prove up the other tenements.