Member Info for Quady

L2analyst, please read my post, I chose my words carefully, I did not call you ignorant, I suggested you were ignorant of the facts. However we will continue to talk about Solgold.

May I add one more thing, I look forward to the electrification of the world, as this will reduce our need for gas and oil, and countries like Saudi Arabia will have no power over the west. When they lose the protection of the USA and Europe and the UK, lets see how popular the Al Saud government are. Big changes coming in the middle east, by their own people. This will be traumatic for the region and the rest of the world. However these changes need to come, to free the populations from bondage, and all the abuses that entails.

L2analyst, I can only suggest you are ignorant about the Al Saud family, lets just forget about khashoggi for a moment, a man who was murdered and dismembered and the incident recorded. More than enough evidence to convict the Prince. Lets also remember that slavery exists, and you can torture and kill your servants, for which they can do nothing about it. Lets also remember many European women kidnapped and sold into slavery in Saudi Arabia. Lets not forget that any one who speaks out, receives an instant death sentence, and probably family members. Lets not forget that they have a religious police that can murder and maim people with no risk that they will be held responsible. Lets not forget that children are hanged, whipped and beaten. Lets not forget, that women are not even second class citizens, livestock and camels have greater value. You may think that this is acceptable, but two countries I would not have any investment or interest in are Saudi Arabia and North Korea.

As an ethical investor, the last thing I would invest in, is a Saudi funded company. I don't believe NM would either, for two reasons. He has behaved with an ethical approach towards the people of Ecuador, and he can get the money elsewhere.

Hi FTJNY, take your point, my guess is they will just issue some new options at around the 60 pence price. I guess that they expected the price to be significantly higher by August, but then we have Corona, and also deadlines missed before Corona. Which I believe is a good sign as to the travel of the share price. All the best.

Optimusgold, we are all OK. however BNC is correct, if you run a company that has no income, you have to declare the risks. Other things usually quoted, are competition in the area and political risk. Why none of us can be sure of any of these things, we all take our own balance of risk. If you are after income, then lots of other shares you can invest in. Many bargains at the moment. But Solgold has its risks. I am happy with the risk to reward ratio, you just have to fix in your own mind, if you are.

Good morning FTJNY, you could say that. You could also say, why would you exercise these options, when the share price is below 60 pence a share.

Thank you Optimusgold, Of course this is my view and why I am invested for the long term, Your view may still prevail. Good luck.

Good morning Optimusgold, I have also been invested since 2013, on this chatroom since 2012. When we invested. 600 million shares existed, today 2 billion, so if we still had 600 million we would be over 80 pence. For once we have raised money with no dilution. When you consider the small amount of money raised to get us to 2 billion shares, against 1% of offtake for 100 million, its chalk and cheese. Of course this is because we issued new shares. Now I am now saying we will not have new scripts, but its not the first thing that comes to NM's mind, and we should all take heart that he has pulled this off. We have raised 100 million for 1% of just Alpala, we own 85%. To my mind that values Alpala at 8.5 billion, minus mine costs. So just around 3 pounds a share. Now I don't think that if Newcrest or BHP, were going to offer more than 3 pounds a share to fund us for the PFS and BFS. So to my mind we can be confident, that this is undervalued. Here is the bad news. To get full value, we have to be a cash generating company. That's going to take some time, but we are not going to get full value, until we produce, and for a few years. The price is what it is, because that's all anyone will pay for it. No one is going to even pay a quarter of full value at this stage, as they have to look on return on capital, and the years we are not in production, compounds the cost. Good Luck

Good morning AKGold, We don't want a low ball offer, as it will be exactly that, and we certainly don't want to sell our prime asset. Why would any company in any sector sell off something that is going to provide the company with so much cash flow, in order so we never need to go to the markets again. Just a little patience required. As for the share price, its what it is. Last thing we need is panic. What's required is continued news, and at some point, the wider market wakes up to the value in this share.

I agree they won't publish it, its full of errors. I think both Newcrest and BHP thought they would be NM's first port of call for further funding, and I will bet they had the conversation. However NM I feel said lets talk, but no more equity. The fact that they both own 15% of Solgold for the money they paid, should be enough for them. NM has said their will be more equity, but it will be kept tp a minimum. That's the way to raise shareholder value.

Hi Jerry, you make a fair point about the retweet, no need for it.

Good afternoon Jerry, I don't think its any of those things. How about we have played a straight bat with you, you have 15% of not just Alpala . But every tenement we prove up. We have been completely honest we everyone at every stage, When we have said, we are taking this to production.

Hi easyp, not sure will get an uptick this afternoon, I am not sure what's happening. WoodyB may be correct, but boy, that's a huge overpay. Just have to wait and see.

Ok, question to anyone, can you arbitrage trade today, I know you can do it between two exchanges in the same country, with the same currency. But could you buy in the UK and sell in Toronto. Obviously currency differences.

Good morning easyp. I am not sure, how would they do this. I understand about walking a share down. ( much harder these days ). But this is something different. Guess we wait till this afternoon, when TSX opens.

TSX showing 0.59 Canadian Dollars. This should be over 30 pence. In all my years of investing, I cannot recall such a disparity. It's 10.30 now, why has this not synced up.

Sorry meant buy order, got sell sell sell on the brain this morning. Everyone is selling good quality shares, and I have no capital of any size, to pick up some tasty bargains.

Morning Shipright, yes I am making about 7 pence difference. Ok currency exchange, cannot be anywhere near that. I don't believe this can last. Maybe we have a large sell order to fill. People have been speculating about Cornerstone. However, this share must I feel close the gap, and by close of play today.

Good afternoon FTJNY, I thought I understood this, but really unsure. I believed that they were due to pay their share on completion of PFS, then I thought it was on completion of BFS, just before build.
Reading the statement from page 16, which is what I was looking at, it seems to me that the amount they owe is calculated at the completion of the BFS, and that they don't physically pay us any money, but when we start producing, they pay us the money above 2.5 million dollars, from the revenue they earn from their 15% share. was a surprise to me to, still not sure I am reading it correctly.