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We will I feel recover to near 30 pence, once and hopefully funding announced this week, I think some are just profit taking. Just my view.

Fair point AKGold, it would make sense.

Thank you for the post Redknight1, it will be interesting to hear from René Ortiz, not only because of Solgold, but because he hopefully will expand on how he sees the future of the mining environment and how it develop.

Good morning allthatguff, please the market has not risen 150%, within that time period. I used the word feeling, as that's all any of us have. I have used it in its correct context, would welcome your reasoning. Especially if you can provide an answer not based on feelings.

Good morning, don't get me wrong, I would love to be wrong, and see a nice lift in our share price. Just looking at historical announcements, and as iceberg has said, it's not just a lift. Admittedly badly worded by me on that post. But we will get to what I believe, will be 48 pence to 60 pence range, end of September, early October by the calculation I put forward earlier.

Good morning Danny, I haven't forgotten, in fact Corona virus is still with us. You are I believe correct, the reason we were at ten pence, was because of this event. That is my point. Without news of funding, we would still be around ten pence, but we are not, and that's why I say priced in. Again you are correct that we don't know the terms, and that would be great if we get detail on the terms, along with funding has been achieved this week. But really the price is what it is without knowing the detail, and we have indications that this is not going to be a heavy dilution of stock, which some feared, as we got closer to production. I am bullish about this share, just believe still some time to go. So am adopting a cautious approach.

Sorry iceberg, I agree, and indeed that's what we have seen. Your correct it doesn't just jump like that. It will gradually get to a level, as we approach the PFS, hence by the time we get there, it will also be priced in. Just the same, as we have recently gone from 10 pence to 25 pence on the news of funding to BFS. Hence my reasoning for this part being already priced in. The thing that will shift the share price, is if we don't get the announcement of, we have secured the 150 million, and not in a good way. However, believe this is in the bag, as dont believe the latest Red Cloud presentation would have been so strongly worded, if this wasn't near completion.

Sorry meant to say a lot of the PFS can be used in the BFS.

Yes feel is the correct term to use, but for a better understanding of my thoughts, I suggest maybe a read of many of the documents on the internet on how to price a project like this, and key points in development. We get a big jump in valuation from PEA to PFS, the reasoning being that the PFS can be used to calculate value. The PEA cannot. Also the way funding risk is allocated is huge, up to 150% difference. The BFS is the definitive document first quarter of next year, and although the last important step to production on the funding front, we then get into the regulatory side of the build. Yes Solgold has said, that they are preparing the PFS with that in mind, and in a format that means, a lot of the PFS can be used in the PFS. So feel is the right term to use, but please feel free to update me, if you have concrete proof.

Good morning iceberg, that's my point ,
news of fundingg priced in to a large degree, as expected this week. Believe we will get it, but feel next jump in share price is when PFS is released.

Good morning allthatguff and iceberg. It wasn't just the last presentation that said Q3, from the red cloud presentation, it was the original timescale set at first quarter this year, that related to the number of weeks, after the delay by Corona virus, hence why end of september if on time.

Should be an interesting week. Not expecting a big change if any, that will come when PFS published end of September, beginning of October . Hopefully just before BHP released from their standstill agreement.

Good morning Montecristo, sorry you feel that way about me, I am the son of immigrants, and never had a good education, until I left school. Then it was night school and open university. So do understand that not everyone has the opportunity, Yes I got an apprenticeship in electrical engineering, that was my big break, but everything off my own back, with the support of brilliant parents. That's the greatest start in my opinion that you can have, is your parents. Not everyone has that start and also aware of that.

Agreed RichyRich1, I believe it will be Monday for news, if not, then the share price will react.

Same here addicknt, as in the end we invest, on what we know, and speculate on the unknowns. All the best.

Thank you for your reply addicknt, as you see this from a different prospective. Always good to sanity check, my own beliefs. 1) I agree GGP, won't be cheap, but I feel they can raise the money. Their 15% shareholding only gets diluted significantly if we issue more shares. It may happen, but as for now, see no indication, that we need to raise funds in such a fashion. 2) I pretty much agree with all your point 2, and indeed if that came about then 1.50 pounds, would also be a good exit point for me. However, I believe BHP do have to wait for the PFS, as this I feel is NM's real race against time, as that will be completed, come what may, before BHP are released from their standstill agreement, and thus making this more expensive. A pretty decent way to prevent a cheap takeover. This is why I believe the 150 million, will be sorted, within days, to accelerate this process. In all, good news, whatever the outcome.

Good morning addicknt, and Jerry, interesting scenario, which I have also pondered, but not for too long, is as you say, BHP buy Newcrest share of Solgold, they then sort out the cornerstone issue, and launch a bid for Solgold. However, I have two points. Firstly why would Newcrest sell, they really don't need the money, and whatever they are offered, they get more in the long term, by doing nothing. Secondly, this all takes time, by which time, the PFS and BFS, have been delivered, and we are on our way with the build. Which makes the buyout even more expensive. Time is against them.

Good morning Iceberg, doesn't sound quite right either, they have 150 million with no capital raising, yes they have other commitments, but nothing I can see, which they can't find. However with you on FDM project, as looks like Newcrest already own 35% of Lublun gold.

Good morning addicknt, suspecting I may be wrong, just looking at the news at the moment in more detail, and trying to understand the tie up between Newcrest and Ludlum gold.

Thank you Wayne, in that case, it is as reported, they are going to buy something, and the price has already been agreed, because you don't raise that kind of money on a wish. It is not for further development or drilling, as they have enough in the bank.