Member Info for Quady

I can understand that Iceberg, as any loan given under a BFS gives the lender extra protection.

My Apology, this was the 3.5 million statement.
Cornerstone may contribute to development at not less than 10% or dilute to a 0.5% Net Smelter return royalty, which SolGold may acquire for US$3.5M

OK sticking my neck out here, as I don't get this bit. My understanding is at end of BFS that Cornerstone stump up their share of the Alpala costs up till then, currently around 50 million dollars. If they don't, Solgold can buy the 15 percent of ENSA for 3.5 million. I must admit Icebergs version sounds more realistic, does anyone understand why I have this 3.5 million figure in my head and what it relates to please, or am I just cracking up.

Thank you KB007, I thought that was the case, I was just unsure, does that mean we get it for 3.5 million, also why would we want to bid on Cornerstone, surely we just want to own ENSA 100%.

Good afternoon Iceberg, that is interesting, this is only a maybe. CGP is distressed, maybe they cannot raise any cash, and this first offer of the 15% of ENSA going to Solgold, might mean they cannot sell it on the open market. But clutching at straws on this one. Must admit doesn't sound like a buy situation.

Just goes to show, no RNS required for drill permits.

Agreed DBW, news like this is making lockdown interesting.

Excellent read DBW, thank you.

Page 16 chaps and chapesses, states Solgold is bidding for cornerstone. Maybe this will release directors to buy.

Exactly Copperpot, we can discuss many views, and over last few days we have exchanged more views in a polite fashion, than over the last year. Long may this continue. Jerry and addicknt, I understand their position, and these guys I believe know what they are talking about. So although I disagree with their outcome, I respect their views, and their arguments, which provide me with ideas that I can reflect on. But I find myself closer to Copperpots outcome.

Good morning DBW, I think this will do nothing for a while, Licences I feel would support the price. I believe we are waiting to end of September for our next move up. This is because we are near or have completed the PFS,
. Also we are close to the release of BHP from its standstill agreement, I really have no idea what effect that will have on the share price, or indeed if they launch a hostile bid. ( it would have to be hostile ) . Personally don't see that scenario coming about. So yes Licencing, Also PFS. Bid, just don't see it happening, but quite happy if I am wrong.

Good morning addicknt, the reason I say less likely, is that I believe a low ball offer can be successfully defended, so we would be looking at a bid close to full value of Alpala. I don't believe NM would be happy with this, or our other long term shareholders. They wont sell their holdings unless the get an above or full value bid. I just don't believe that will happen. The majors want assets from distressed companies that hold decent reserves, so they can pick them up at a fraction of the price. Yes 70-80 pence a share, a lot of posters will jump ship. I won't because, I don't think our other investors would sell, not even Newcrest. BHP or anyone else, will not pay full value for Solgold, they will look elsewhere.

Good morning Copperpot, I couldn't have put it better. Ask yourself, you get 70 pence a share, are you going to spend it or reinvest for dividends or growth. Just by hanging on, you make a bigger profit, in a company you know and feel easy with. Understand if you need the money, then the takeover suits you. But that is not what's developing here, yes takeover possible, but as this plays out looking less likely day by day. All the best.

Good morning addicknt, I understand your point on BCN, you may be right, but those that do hold, will be in a massive start up, and long term is a great investment ( my opinion only ). I would say that if successful, with little dilution, then as we get closer to production, we will see a steady increase, many people unhappy with the share price on here, but it is what it is for very good reason. All the best for the future.

Yes addicknt, sorry if I didn't make myself clear, the selling of units in financial products, is allowed to clients. Unit managers often have meetings with clients, to inform them or their representative of changes in the funds they are involved in.

You just have to invest in a bio tech fund these days. Huge risk, not for the faint hearted, that includes me.

Addicknt, I am not confusing the issue. I am on about the design of financial issues. This is done, at an actuarial level, it's about design of funds. Yes it takes time. But funds are always dropping and adding companies. What grounds could you possibly have for refusing the addimision of Solgold to a high or medium risk mining fund. It is not illegal.

Not pay out, lay out.

No its not addicknt, you can pay out an investment case for any client, you can create funds in pensions, unit and investment trusts, as a mix. What you must do is get the risk rating correct.

Good morning Addicknt, Guinness and Solgold vastly different, just moderate investing could defend Solg price.