Member Info for Quady

Ah OK BNC, thank you for putting my mind at rest. You did make me jump. At least it woke me up, and made me get a cup of coffee. All the best.

Good afternoon, BNC and allthatguff, don't understand the post on shorting. With the price being what it is, shorting doesn't come into it, or am I missing something.

Good morning ColonelDrake. I would have liked a statement, why all those months ago drilling permits were imminent, also on the short term funding, which, I suspect is not far away, and an update on Cornerstone. However, as I said, good video. Suspect the drilling permits are being held up, because of the problems with the water basin, and correct paperwork not in yet, as probably requires further inspection. But who knows, without a clear statement from the company.

Thank you Shipright, good video. Just felt they could have said a lot more.

Good morning all, usually when something like this happens, the person who has replaced Anna, should in my opinion, put out a statement to give us private investors a sense of his style, and how information is deseminated, on a forward going basis. Maybe we will hear something soon. However, we do already know that we get MRE3 by year end. PFS by end of first quarter next year, and finally BFS by end of next year. So guess the only news that I would like to see some guidance on, is the future short term funding, and are MRE3, PFS and BFS still on target. Here's hoping.

Good morning, I am with allthatguff on this point. People are keen to blame others when they don't get what they want. Also no reason given why Anna is leaving. Usually to pursue other endeavours, family, etc. But nothing given.

Good morning AKGold, we have BHP and Newcrest. That's it. Funding is not imminent, still over a year away, as no BFS till end of 2020, yes we need to short term fund, and expect a small dilution for that. MRE3, may move price this time, but only because we have come off the highs. Also please remember that the government needs to tax more, in order to receive IMF bailout. We have seen that the population cannot take anymore of the tax burden. So the only taxes the government can raise is on business and industry. I doubt we are immune. If a possible bid going on in the background, I suspect it would have leaked by now, and price wouldn't be where we are. Time still required for this to play out in my opinion

Good morning Scrat, Normally, I would agree with you, but unfortunately the government needs the money now, not later. They are really up against it.

Good morning gentlemen. This is my opinion, and only my opinion. It doesn't matter if we trade more shares on the buy side day after day, as the volumes at the moment are tiny. Remember it's only the last trade that sets the next buy or sale, and the amount offered up. Correct me on this next point, if I am wrong. Buy reversing the subsidies on fuel, Ecqudor has restored order, but the IMF loan will now not go ahead. So the government are talking to the populous about where cuts and tax rises should fall. It's quite possible that some of the tax burden will fall on the mining sector, no matter whose in power. I would say this explains the current scenario, and I for one am pleased to see the price holding up this well. I continue to hold, but do so in the knowledge, that government's in these circumstances, can strike a point of equalibrium, and so believe the story here is good. Just not as good, as some on this chatroom. Just an honest opinion, all abuse I get will be ignored. Not reported as that's silly.

Good morning Schlemiel, let's examine your post for a while. You say that saying this is not going to production is the right thing to do and will have a positive effect. Quite the opposite. Imagine if your scenario happened. Do you think that we would get bids, or do you think that they would let the cash burn continue and the share price drop. Production is the only way. I don't know why you compare Solgold to SXX. They are not similar. Also where is this dilution coming from. A fund raise means we have the money, with no extra stock issued, as we build in stage loans, we have the asset. Once production starts, this will be self financing within the year. The payback was 3.8 years without yesterday's RNS. Personally I think they will pay back over a longer period, and accelerate proving up the other sites, with the profits. Lastly, within 7 years, this could also pay its first dividend. Please explain why you think this will dilute the stock, what scenario do you see unfolding.

However, even Newcrest and BHP, don't own anywhere, near 75%, so at this stage I am relaxed, as this is not an issue. But should they start getting close, hopefully the share price would be greater than it is now.

If it happened, you get brought out at the current share price, however if the concert group own 75% of the shares between them. Trust me, the share price doesn't move. It can be held.

Good afternoon Novice Hunter, unfortunately it does happen. I got mixed up in the Fortune oil saga, as they carved it up between themselves, and got it for a fraction of the price. Less than Solgold is worth now. And they had a 25% stake in China gas holdings. Which was the second biggest gas company in China.

That's why I keep a close eye on the distribution of shares and who owns what. To act in concert or as a group, is a bad thing for private investors, that's why many parties stop this. It would be good to have a 3rd major on board, but two is enough, with the other interested parties.

Good afternoon Sunggtopz, it's an opinion, however let's explore it for a second or two. If they sit back and watch us go belly up. Then pick up the bones. This would assume we cannot get funding elsewhere, also unless they act in concert and agree what percentage each player gets, then it's going to be a bloodbath. The easier option is to slowly build a position, and hope some of the smaller parties sell up, when the price is right.

We don't need to worry about cash, I don't believe if we were to offer a further funding to NC or BHP at say 45 pence a share. That both parties would say, no way . They would be wanting to increase their stake.

Good afternoon DBW, my take on this is although news this morning was welcome. We just don't have the volume of trades. We require about 20 million shares a day traded to move this price, one way or the other. Let's see what happens when Toronto comes online this afternoon. However, it maybe we are going to require the roadmap.

Good morning S4KSecurity. We are not an AIM share. We have a major listing, and have had for some time now.

Understand, that is annoying. Must admit it's on the high side, to be registered a sell. But this stuff is an everyday event.

Morning KB007, it's not the MM's. It's just the spread is close, so cannot always determine what's a sell and what's a buy.