Member Info for Quady

Question please, Does anyone know how much cash Newcrest have before the fund raise, and what the likely year on year profit is. Realise that second bit maybe unanswerable, within the current worldwide environment.

From reading below, it says should any takeover be forthcoming. Which means no offers at the moment.

Good morning Italian, you can go to the webinar, but you still need to register to see it. Easier way, go to the Solgold website, click on investments and then media, it's the presentation in the top left hand corner. Can take a bit of time to load.

Good morning RichyRich1, NM has said he is looking at 30-40% of NPV, by my calculation that's between 48p to 60p .

Good evening BNC, you may well be correct, hence Citi, to fend off low ball offers. Even when the market sensitive info is known, we still won't know, who is conducting due diligence, as that's not a requiement. I am still basing my investment on a few more years yet, and who knows, if the politicians of Ecuador stay true to their statements, I may keep a million of Solgold shares, as a long term investment, as this will pay excellent dividends, as percentage of yield compared to market cap. All the best.

Good morning Qalibashi, Sorry but I do dispute that there will be a bidding war, as you could be right, but Citi on board to defend against a low bid, nothing else. I have already outlined all of my reasons many times, and will not bore everyone with them again.
But the situation has changed dramatically, I suspect in order to table a bid, only a company that has conducted due diligence will be in the bidding for obvious reasons. Of course we will not know if this is being conducted, but my guess is only BHP and Newcrest would have looked over Solgold, as this is how we have obtained funds up till now. We have a plan and its progressing nicely, and may well speed up.

Thank you BNC, I have trouble with gold breaking 2,000 in 18 months, not saying it wont happen, but this is not a one way bet, as everyone would be buying gold at the moment.

Good afternoon Jerry, when you say printing money, are you referring to quantitative easing, as two different things.

Good afternoon BNC, yes but depends on time period used. We can see over past year Gold has risen, and equites have dropped. Lots of reasons, we all know the main one. To get to 3,000 dollars an ounce, not forgetting many auto trades for dealers to take their profit, pushing gold down. So the higher gold rises in this current market, the less buyers. Its a bit like shares. As many know on here I am averaged at 4.6 pence on Solgold, however recently touch 10 pence, was I tempted to buy. No not at all as I have taken my position. I wonder how many brought at over 40 pence, would they buy more, well possibly to bring the average down. I am sorry as probably teaching you to suck eggs, but really not my intension. My point is that a point of equilibrium is established, and eventually provides down pressure on gold. this is happening now, and so many levels to break before 3,000 dollars reached. The money required would be enormous and would pull money, not just from equities but the bond market as well.

Good afternoon ColonelDrake, Yes not unreasonable for Solgold to achieve more than a pound. Oil, well I predicted falling and rising oil prices over the years pretty spot on, and will make further predictions on oil and gas. In the next 5 years Oil will be unable to recover above 60 dollars a barrel, without significant reductions in output, Gas will lag by about 7-10 years. The world is changing, and as always it will happen faster than any of us think. Let's get back to the gold price. To see 3000 dollars an ounce, would require an exit from equites on such a large scale. The level of debt assumed by financial institutions would be massive, that's more massive than today. How would companies borrow on their assets. Nearly everything would be required to collapse, so the only safe haven was gold. What would happen to pension funds. I cannot imagine. as for bitcoin, I agree with you on that, it will collapse in a big pile of smelly stuff.

Good afternoon redleader1, gold will not be 3,000 dollars an ounce in 18 months time. Yes I have read the article, and it misses out on so many points. The biggest being the rush to gold and selling of equities. Can you imagine what the equity market would look like if gold was 3,000 dollars an ounce in 18 months time. If people think prices are on the floor now, they would be devastated.

Good morning BNC, the part I wanted was in the start of the presentation, before the questions.
You are quite correct 3rd quarter this year for PFS, just before BHP released from there standstill agreement. If NM pulls that off, then that should end all speculation. He refers to the full feasibility study on 1st quarter 2021, which you are quite right in pointing out is the BFS. All the best .

On the question of the PFS, my understanding was the 150 million was for the PFS only. Expensive this mining lark, isn't it.

Good morning BNC, you may well be right, I plan to listen to it a second time this afternoon. May I get back to you.

Good morning KB007, as you know like you I believe this is going to production, however still some way to go for funding, as I believe the next 2 weeks will deliver the 150 million for the PFS, and then that's completed by 1st quarter 2021, at which point we are looking at offtake agreements for the 2.8 billion pounds, or the renewed figure thrown up by the PFS. The scale on the red cloud presentation was quite wide in my opinion, so guessing the figure may be quite a bit higher.

Good morning Pinotnoir, sure, on the Redcloud presentation he said around 30-40% of the current NPV. would be the price for Smelters and traders. But nothing agreed yet, but we should know more in 2 weeks.

Good morning Pinotnoir, My take on this was that the share price was irrelevant. This is going to be based on between 30-40% of the NPV.
Always a fools errand to predict anything, but lets sat NPV is 4 billion dollars, with exchange rate 1 dollar = 0.80 pounds, I make this 3.2 billion pounds at 2 billion shares, I make that £1.60 a share, so 30-40% of that will be between 48 pence and 64 pence a share. Just my thoughts, guess we need to see what reality is.

Just a quick thought, The BOD cannot buy shares, because more info to come out. Also NM says we will rerate, once the funding for the 150 million is settled in a couple of weeks. But before that we were told, that some things had to be done face to face. However maybe that's changed. Maybe he will do this in two weeks, get a rerate, because of something we don't know. Maybe this is the market sensitive information, as this would move the share price. I am looking forward to the next two months.

Hello addicknt and Jerry, guess we are going to have to agree to disagree, however, I think we can agree on the fact, that we may make some progress on the share price in the near future. Good luck to you fella's and indeed everyone else.

Good afternoon Jerry, the buyback was tongue in cheek, however the dividend is a real possibility, just crunch the numbers. They have more than enough to meet the offtake agreements, pay back loans, pay a dividend and have more than enough for exploration. Just think how many jobs Solgold is going to generate in the community. This is good news for everyone.