Member Info for Quady

Good morning ByronBayGold. Sorry couldn't disagree more. Let's have a thought experiment. If you say Solgold are holding back the drilling permits. Then two things have got to happen. First they have to stop the Government of Ecqudor from issuing them. Do you believe any credible government, would be seen to be in the pockets of a company, let alone one the size of Solgold. Second, let's say they can not do this. Then at some point they will say they have the drill permits in a RNS. How would they explain the mismatch between the dates. I believe the next interesting development will be when Newcrest are allowed to table a bid this October. I don't believe they will table a bid for reasons I have given in the past. But I do believe that it's at this point, we may get movement on Cornerstone. However not in a way that would benefit Solgold holders.

It does look like Cornerstone know what they are on about. Maybe the shareholders want the endgame just as we do. We have always assumed Cornerstone's shares would be acquired. Maybe they are going to sit still and fund their share of production. It's what I would do.

Been reading the comments below. Hopefully we can all agree on one thing. That is NM is going to keep his word and get the best value for shareholders. Yes I do believe this is being walked down. But let's not the forget the distribution of holdings in this share. This will in my mind stop this being sold off cheap. The question is when are the licenses coming. We need all the time, to expand the resource before Oct 2020.

Interesting DBW, we may be in for a couple of price monitoring extensions.

Good morning Cookie, yes one of the reasons the news of him coming on board pleased me. However in my opinion we will require the BFS first, as this will give us a tangible asset for bonds to be issued against, and staged loans to be advanced.

Good morning Jerry, I suspect you maybe correct if all the money comes from banks, as they will lend against an asset using capital tier ratio one. Hence while I believe that this will be a mixture of bonds and staged loans. I would consider ten year bonds, as this would be an adequate timescale, and with a terminal bonus.

Good morning addicknt, thank you, as I said, just for discussion. I think it's a possibility, but not one I believe myself. If I had to take a punt, which I dislike doing, I would say the final recipient of cornerstones holding will be Newcrest and not BHP. This as you say because Newcrest get released before BHP. However my postings are only my thoughts, and fully realise that I may be wrong and indeed someone will buy us out. All the best.

Don't disagree Cookiecrew2019, we could still get a bid. I for one will vote against it. Although that won't make any difference. But I look at the share register, and like the distribution of shares. I believe that any party interested in acquiring Solgold, will have to overpay. I don't see that happening. I think the last prize up for grabs is cornerstones holding. Once that is obtained, why would any of the other stakeholders sell their holding. Also just for discussion, what is Cornerstone themselves go to the capital markets to raise their share of the production costs. This is a real possibility. In that case the register is frozen. That suits my position, as always nice to have a solid shareholder register to support the underlying share price. Then after October 2020, when BHP are released from their agreement. They can hoover up the individual shareholders like us, and pay the market rate.

Good morning Cookiecrew2019, agreed. This is somewhere down the road, and people talk about one pound, two pounds per share. But in all honesty we are flying blind. I believe the best way to value this share, is to look at the PEA. We are looking at a four to five year payback cycle to go to production. That in itself is extraordinary . Think once this is up and running, and look at the possible dividends. Some time coming, but to my mind, that is what is going to drive the real growth in this share.

Good morning copperpot. Yes I believe you are correct. Cornerstone is going to have to declare to shareholders the way forward. Don't know the outcome for cornerstone, but always thought this would resolve itself .

NM has always said he will get max value for shareholders. By my calculations we have enough in the bank to keep the drills turning for another Eighteen months. This appointment I view as excellent news. As although I don't rule out another fund raise and some new shares. I have for some time believed the game has changed, and we will raise the capital required by staged loans and bonds, to bring this to early production with a start up to go for gold. A few more years, but to my mind, well worth it.

Good morning again lost again, yes agreed in the go for gold strategy , I for one believe this is the way forward. However I also agree that it doesn't have to be at a current drilling site. The IP surveys appear to be producing results. I suspect that the first drilling to commence, once permits received. Will be at a hot site, identified by the Induction Polarisation surveys.

I thought I had disabled autocorrect.

BHP.

Good morning lost again, the point I make is it illegal to withhold market sensitive data, the implications of this could send this share into a downward spiral. I also believe in NM, but more importantly he plays with a straight bat. Hence the defence of this company, is done primarily through the share register and its distribution, and from the tie ins with New rest and

Interesting conspiracy theory, however a couple of points. What you are suggesting is illegal, as anything affecting the share price must be disclosed. Also we will start to drill as soon as we get the permits. Why burn cash doing nothing. Yes Cornerstone is important, but it will be sorted one way or another.

Thank you E.T. looks to me that shares are required, as in normal circumstances, the spread would start wider, and start to close. So they could test the points, that denote what people will buy at, and indeed what they will sell at. I don't believe last night's activity was news arriving today. Just a normal response for an order or orders to be filled.

It's going to be interesting, to see how small the spread is this morning, when the market opens.

Good morning E.T. I dont believe that NM has boxed himself in. I think that he has carefully thought out his long term strategy.
He has structured the share register, including us private investors, to make it difficult for a concert party to take control of Solgold. If he had not done this, we could have seen the share price walked down, waited a year, and taken into full ownership at a fraction of it's worth. On your second point we are not SXX. NM is talking about a start up, where the PEA, shows a rapid payback. This will increase the share price, not dilute it. The reason being is that the capital employed, can be borrowed at a fraction of the cost of infrastructure. By this I mean that it will be staged loans, that while compounding a low interest rate, it will be paid back rapidly, once up and running. Yes I am aware that the PEA is too rough an estimate to get any funding, as we need the PFS, and most importantly the BFS. However during that time, we will have the licences for drilling and at least be on MRE4 if not MRE5. Last thought, who says the start up is Cascabel, lets see what else we find.

Thank you Jerryspaniel.