Member Info for Quady

Good afternoon mrshoubs, In agreement with addicknt. The path set out, is we are going to raise the 150 million by offtake agreements, maybe some dilution, unsure on that part, but this will fund us, to PFS, hopefully by September, October, and BFS, first quarter next year. We then need to raise 2.7 billion to build the thing. Again offtake agreements, but that part is undecided, and we need more detail. May be outlined with first 150 million of offtake agreements.

Good morning Iceberg, you have misinterpreted everything I have said. First of all, Jerry has certainly informed me, and I am guessing many others on the working of contracts on the metal exchanges, ( thank you Jerry ). When I came to Solgold, we were pulling up a second rig with a donkey, and indeed much has changed. However when I brought in, only 600 million shares in issue, today around 2 billion. Also this reached a height of 80 pence. We are nowhere near that. So although you are selective in saying it's risen 150% in the last few weeks. It has also fallen nearly 70% over the subsequent years. We need some honesty here. What would you look at the long term figure or the short term figure as you are doing. I believe this will give a good return, but that's because I have a fair holding at an average of 4.6 pence a share. Others do not, some are better.

Thank you Jerry, have been looking this up on the internet. Can't quite find what I want, but what you say makes sense to me, once again many thanks. Also Barry, good luck.

Thank you for your explanation Jerry, as you know from my previous postings, my investment expertise, lies mostly in oil and gas, and telecomms, also banking. So may I ask, those that trade metals, do they always have to have approved storage space, even if they never plan to take delivery.

Morning Jerry, good to hear from you. My point was the people holding the paper, may have to provide the storage, if they cannot trade it on, and this may result in a further fall in the copper price. I would say short term. But imagine all commodities are hurting traders.

Apologies autocorrect has made a nonsense out of my last post. Sure everyone can make sense of it.

Good morning Novice, thank you for the sanity check. I have a feeling, that if we can't get out of a global lockdown in the next few months, where we store all this copper. Like oil, where people have taken contracts, to sell on to others, are holding these pieces of paper, and cannot shift them at a profit, and are threatened with taking delivery, or a physical resource that they have no capacity to store. We could see the same happening with other resources including copper.

Good morning DBW, I understand, and was only putting forward how I see this. You could be right. However, we have been in the situation for the last 7 years ( that's how long I have been here ), where a takeover is not only imminent, but will deliver a substantial profit. Again only my point of view. But if Solgold retain ownership, then we will get a substantial profit, but it's going to take time, to build. Yes we may get some exit points along the way. We may get a bid or bids of some nature, but again all takes time.

Good morning Barry, may I respectfully suggest, that like all of us, you are here to make money. However if this is your first share, be prepared for a rough ride. No share goes up in a straight line, and depending on the class of share, some achieve a premium to the net asset value, some don't. Solgold is in the ones that won't, because it's got some way to go. We will I feel get the first 150 million of funding quite soon, but we may not. I think most people on this site, feel we will, including myself. If you are in this to make a quick buck, it's not going to happen. This share price, has been as high as 80 pence. I dare say some brought in at that level, to make a quick buck, and may still be holding. If you want safety in your investments, their are many FTSE 100 companies, currently on their knees, who can be picked up and in a self select ISA, which you manage over the next 20 to 30 year's ( if you have time on your side ), to grow your wealth, at a slower, but safer rate. Of course nothing is a 100% safe, but this is the time to sit down and think about your investment strategy. How much of your hard earned money, do you want in dividend yielding shares, to provide growth and income, and how much do you want in speculative shares like Solgold, which may give you a higher return.

Agreed Iceberg.

Wow Zoros you really need to listen to the webinar, all those questions answered. The dilution will be of little significance.

Good morning DBW, yes guess we don't have long to wait for details of the 150 million. I do question that BHP could influence the outcome, unless with a huge bid, but have outlined many times, why I think that's unlikely.

Traders and Smelters, NM has suggested their will be some dilution, but nothing in the way some posters were speculating a year ago.

Yes but Corbyn is the worst.

Zoros can I ask you, why you don't believe Solgold will obtain the 2.85 billion to get through PFS and BFS and the build. I really doubt their is anybody left, who don't believe they cant do this. Yes the timescale is up for debate, but Solgold doesn't require any of the majors for funding, as it has been laid out, just how we are going to achieve this. Just waiting for the first 150 million, and the exact terms.

Good morning Zoros, yes political considerations everywhere, but the way I see it, imagine we had got a Corbyn government in the UK, he may have wanted to tax Banks until they bleed, but someone would have taken him aside and explained that you not only destroy one of the UK's top tax revenue providers, but by doing so, would have stopped all inward investment into the country. Ecuador knows the risks, and I am not sure the present government will be the next government. That's because of the cutbacks the country has had to implement, in order to obtain the IMF funding, but really makes little difference.

Good evening zoros, I found it interesting, it took one point you made, head on. That was a change of government. Even if they end up with a far left government. They need mining revenues. And a lot more than Alpala. They also need to create an environment of trust, so that they create inward investment. They have no choice, but to be mining friendly. Any move to nationalise mining, would see the IMF withdraw funding and the country would collapse. Every party in Ecuador knows that. Yes tax take, could be different. But everything has a point of equalibrium . The government are much more excited about Solgold and Ludlum than we are. I came away with the feeling, that what ever problems the mining companies come across, the government will assist them.

Zoros, I can see you have still not listened to the webinar. Ecuador is nothing like Venezuela. Please listen to the webinar, what you are saying is complete and utter Rubbish. All your concerns are answered and much more.

Good morning L2, no one is sowing doubt, it's a good sum up of the pros and cons of owning solgold, and indeed was discussed in yesterdays webinar. A summing up of what's being said is helpful, no hidden agenda.

Very well put sheffieldsteeler. No difference of opinion from me.