Member Info for Quady

Good morning DBW, one of the possible ways Citi could do this, is use their large customer database, to sell the idea of Solgold to their higher risk taking customers. Maybe create a fund in their pensions, and part of that fund includes Solgold. Same with unit and investment trust scenarios. Lastly, dare say they could lay this out and explain the risks and upsides to some of their larger customers, getting them to invest.

ET, the world is continuing to change. It's much easier to get news to the people, preventing cover ups and bad practise. One of the many good things about the internet. All looks good with Solgold. Yes not everything perfect. Election next year, and permits still not signed off. But these are distractions at the best. All the best.

Excellent BNC, you bring your Elliott wave theory and candlesticks. And I'll grab so large silver plated ones, weighing a couple kilos each.

Good morning ET, I have heard people make the SXX comparison before. Please tell me why this is similar. We have a large vastly undervalued asset, that can attract finance. They are falling over themselves to be involved with so far zero dilution. NM can pick and choose. It's a really silly comparison. The dilution argument is surely over. The way forward is offtake agreements. Hi ColonelDrake, sometimes my humour is a bit dry. Couldn't resist.

Good morning ColonelDrake, always enjoy reading your posts, but your last one is mad. I think you must have been on the Whiskey, while watching Pretty Woman. Where Richard Geres character holds up a deal during appropiation, so they run out of money. If Franco did something like that, their reputation would be mud, and they would be finished. No one would deal with them.

Good morning RichyRich1, the 4.4 billion figure is NPV, the NAV is 3 billion. So as 10% is normal for PEA, we should see an increase in share price, as we approach PFS. However in saying that, these things don't always translate immediately.

There's always one, OK BNC, I accept, as you challenged me, I get to choose the weapons. Balloons and Blunderbuss above a Pig farm. All the best.

Good grief, what's happening, everyone is having a really nice time, with lots of differing opinions and no insults. This is really good, as this will only encourage more people to post. Also bloody good points on all sides of the arguments.

Well my point is if they pay 100 million for 1% then 100% is worth 10 billion. That's just Alpala.

Sticking me neck out here, I believe its 4.4 billion dollars.

Thank you Jerry.

Good evening Jerry, interesting post, as you don't believe Solgold will get past PFS ( you could be right ). Let's say they do and go on too BFS and start construction, Would you then admit there is a chance that we go to production. All the best.

Good afternoon, I don't believe a consortium will bid, hence the diverse share register, also don't believe that Newcrest is disappointed with 15% at the price they paid for it, same with BHP. They just might have to accept, that this is going to production and nothing anyone can do about it, unless they want to make a bid above full value, hoping some of the other tenements deliver. Companies don't work like that, they will not pay over the odds for an unknown outcome. Going to be exciting everyone.

OK some possibilities posted, how about this one. Nick Mather has kept his word, from when he took control. He promised max shareholder value, and he said Solgold is only for sale at full value. We have financing of 100 million dollars for 1% of smelter on Alpala, this goes to 150 million at 1.5%. We don't require any shareholder dilution. If offtake is valued at 100 million for 1% return at Alpala, with the PEA, does the value increase with the PFS. Even if it doesn't, can we attract the extra 2.7 billion at the same rate, thus we give up 28.5% of Alpala, for the construction of our mine. Job done. This means we own over 50% of a world class asset, with zero debt, just income. For me this is a much better solution, than continuous erosion of the value of our shares. Maybe we will get an offer, but I don't think so for all the reasons I have previously given. NM is firmly in control of our destiny. One thing that has changed, is that many posters did not believe that Solgold would obtain the money, to go it alone. I believe we now see they can.

That's OK KB007, I was pretty sure I hadn't mentioned the 12%, as that was self explanatory. Hence why I agreed with your statement. All the best.

Good morning KB007, yes I agree with your statement.

DBW, yes would be interesting if they pick your question. Wherever or not they expand on their previous answer, like when do they envisage being free to buy shares on the open market.

Good morning DBW, I too feel directors not free to buy, as in April 29th RedCloud presentation, NM indicated that the reason was, they had to disclose information to Cornerstone, which they couldn't do at this moment in time. Had the funding news been that information, I am sure that director buying, would have been reported in some form or other. I think, that this maybe to do with what is in the upcoming PFS, and its publication may make informing Cornerstone redundant.

Good morning Jerry, agreed, not enough shares being brought and sold. The question is what increases trade on any share on a main index. Firstly it's for people to be aware and to buy the share and hold, because of the story. However this gets us known. Yesterday, was a good day for many reasons, but the main one, being we added to the story. What will move the share price, is a move towards, and then paying a dividend. Obviously we require profit to do this. Once we establish a record of rising dividend payments, then long term pension companies will look for the long term income, from Solgold. That's partly why I have always maintained to get max value, we must move to production. That's what gives any share it's long term value. Until we achieve this, we will be a buy and sell share, for short term profit, and will not achieve fair value.

Referring to the webinar, that was about the future of mining in Ecuador, I suspect next RNS should be referring to drilling permits, as we were promised that. Who knows maybe tomorrow.