Member Info for Quady

Good afternoon addicknt, I would agree about the money BHP and Newcrest, but would say that they both have 15% of something huge. So I would say they have a bargain. As I say repeatedly, you may well be correct and a huge bid will come, and we all get our payday. However that is not NM's intentions. I look forward to the day we discuss how big the first dividend will be on a world class find, with only 2 billion shares in issue, and very little dilution. I suppose its to early to talk about share buybacks, and reducing that number, but hey ho, who knows.

Hi addicknt I do wish we agreed more, as always enjoy your posts, I guess we are just looking at this from different angles. I don't think they are on bad terms, this is just business. If Solgold could not finance this, I would have thought it would need to be sold, before the mine was built. However That doesn't appear to be the case here. they appear to be able to finance this, so it doesn't matter how much they offer, It will have to be more than fair value, otherwise why would any of the main stakeholders sell. They wouldn't would they. NM is doing exactly what he said. He is going to get the shareholders max value.

More hard hitting than I thought, by the comments here, not listening myself, but dare say it will be on the Solgold website later.

Good morning, Eish, he may give answers to some of the questions. However, if he answers the question, how much he would sell at, he may answer it's not for sale. However, many on here will interpert that, as yes he's really clever, and trying to get the price up. Or they could listen to NM, and take the view he actually telling the truth. All other answers will be seen in the same vain. Rather than listening to what he is saying.

Hi addicknt, agree with you on the hostile bid, it's never going to happen, as too many interested parties on the share book. I have mainly been in oil and gas for some considerable time, and every time a major discovery has been made, they get brought out at a discount, mainly because they don't have the funding or expertise to take it to production. Usually about 30% of the NPV. However an open question to everyone, as this is my first mining share , which I have invested in, that wasn't in the FTSE 100. Can anyone think of a mining discovery that has done better than 30% of NPV. The reason I ask this, is because I believe the only way NM can get full value, is to go to production. The fact that raising the funds has started, has been welcomed. This means that we will get no bids, as the majors won't even pay 50% of NPV.

Good afternoon Runwiththebullzz, not sure this is the answer you want. but unless you trade the price of oil in the commodity market, that will mirror the price to a certain extent. As someone who has traded oil and gas shares for over 30 years, I don't believe oil is a one way bet. Yes after Corona Virus, people will drive cars more often, but flight is going to be the last thing to be lifted. Also we have recently had a 10% cut in production, really no effect. We also have the conversion from oil and gas to electric, hence why a lot of us back Solgold. If I wanted to benefit from any price hike in a bounce in the oil price, I would invest in someone like BP, as their price is on the floor, like so many other companies. Failing that a unit trust, But guessing you don't want any of these options. An ETF is probably your best option, as future prices on the floor, and gives you the exposure you seem to want, but very risky. Good luck.

Good afternoon addicknt, as I have said before, you may be right. Where I do disagree is that this is not in the hands of Solgold. I think it is. Look at the share book, and who owns what, nobody is going to make a bid unless some consolidation takes place, then we have the problem that if some consolidation takes place, that two or more parties act in concert and we get delisted at a fraction of our worth. Personally I don't believe this will happen, as there are many ways to defend this share, especially now we have Citi on board. Also if we get the 2.95 billion of funding, then its over, we go to production, because our major shareholders on the share book, will not sell unless the price is above market value, and no major will buy at a premium to market value.

Good afternoon all, I have read the FT article, and can see no mention of anyone bidding. In fact it says the converse, Its saying it is going to raise 2.85 billion, I think it means 2.95 billion. And that they have engaged Citi for advice to defend against any takeover. This is about building the mine and going to production, and how to avoid a takeover. In fact it is just repeating what we have been told.

Good afternoon Jerry, I never said there will be a standstill agreement extended, I suggested because of all the holdups, NM would like one, I agree this is a problem for Solgold if we cant get the 150 million agreed by October, but I feel that we will.

Good morning allthatguff, sorry didn't understand your posting, may I ask the reasons that you think the next issue of shares will be at 22 pence. Personally and I could have this wrong, if we issue new shares, it will be a small amount, as the funding is from offtake agreements.

Backfoot not backdoor.

Good morning Jerry, in agreement with your statement. This is not about Newcrest or BHP. Yes they are an important part as jointly they own 30%. However Solgold can fund this, as we are about to find out. My personal thoughts are NM felt he would be further along the path to production. Hence why BHP are locked in till October, this year. I suspect, because of circumstances, he would like to extend the standstill agreement to October next year. However if we deliver the PFS before then. Then BHP are on the backdoor, and will not bid for Solgold or Alpala.

Thank you KB007.

Good evening FatherTedFeck, read next post please, I corrected my statement.

Thank you Qalibashi, that indeed is not much to fill. Guess once those blocks are cleared, we may get some bigger blocks. If not that does look good.

Good morning RichyRich1, that's without factoring in Povenoir and Other tenements. This is part of my reasoning, why Solgold will go to production. NM says he wants full value. Nobody is going to give him full value. Hence we go to production if we can. Some on here, don't believe we can raise the funding, that we are bluffing and this will be sold. It's an opinion, and they may be right. But I am not one of them. I believe we are going to see something extraordinary, and watch an explorer become a miner. Exciting times ahead.

Good morning mistermeister, I don't use level 2, as although useful, I am happy with my info being out by 20 minutes. A good many do, and they can see the blocks of shares offered up, and how quickly they move. To be honest, we have so little activity on this share, not sure it's useful for Solgold. I do not day trade. If I did, I would probably use it. Plenty on here do, so guess we can ask them.

Ah see what I have done, please make my calculation just over 13 pence per year. I rolled up the entire debt, before making my calculation. Sorry everyone.

Good morning all, I have been doing some number crunching, and feel I must be putting the decimal point in the wrong place, as this looks too good to be true. A thought experiment, if you will allow me. We talk about raising 2.95 billion in funding. 2.8 billion to build, and 150 million to allow further proving up of other tenements. Also we talk about a payback period of 3.8 years. Does that mean we pay off the 2.95 billion in 4 years, or does it mean 2.95 billion of revenue in first 4 years, or 2.95 billion of profit on the bottom line. The reason I ask is to calculate the dividends after the build is paid for. I realise that it will be a mixture of debt repayment and dividends, but you can see where I am going with this. Also another variable is we don't know how many shares will be in issue at the time. But we could be looking at dividend payouts of 50 pence a share or greater, on a yearly basis, after the mine is built.

Just thought this may be of interest, doesn't cover all the points discussed here, but this is my understanding of an offtake agreement. OK its from the oil and gas sector.

http://ehoganlovells.com/cv/8649a2271251051e39f49b81bd0f5640e6bbc71d/p=4273094