Member Info for Quady

Good afternoon Jerryspaniel, one thing I am unclear on, is the Cornerstone situation. I believe that NCM can bid for Cornerstone at the end of the year. Am I correct in saying if they bid for Cornerstone, this does not release BHP to table a counter offer. Or does a cornerstone bid release BHP to bid. Also would they be able to table a bid for Solgold, as a whole. If that Scenario develops.

Good afternoon Qualibashi, you may be right. I have not heard the Chinese are looking at this, but my point is how would NCM or BHP bid for control. They have agreements not to. NCM, have first right to bid, at the end of the year, and if this happens BHP are released from their obligation, and can counter bid. That's why I don't think NCM will bid. They don't want a counter bid from BHP. So I see this going to October 2020, and then we may get some action. But I believe by then that the BFS will provide us with the direction to go, and the funding to go to production, will be settled. Think we will hover between 25p and 50p, before a bid is made. I don't believe the majors are in any hurry.

I am not sure anyone can make an offer for Solgold, as they would need to acquire BHP, Newcrest and Cornerstones shares, not to mention Nm's holdings. Which they would not let go of, unless they got an above market place offer. Not going to happen. Sorry everyone we are in for the long haul.

Usually consolidation on this scale, makes the price book less volatile. It is largely psychological, some football clubs have done this, to stop people just buying a few shares. I suspect they are either firming up the share price, for a rights issue, so that they can issue fewer shares at a higher price. Although the percentage is still the same. It is as I said psychological.

Good morning Addicknt and Mog999. Your point on the amount of equity being no greater than 30%, and the rest of loan notes, is for me another reason that this will go to production. They really have no choice. In order to buy Solgold out, you have to either get Newcrest to bid, so BHP can bid, and that won't happen till late in the year, ( in my opinion, it won't happen at all, why would Newcrest, want to go head to head with BHP) as Newcrest have their hands tied, or go to October 2020. When BHP are free to bid. Agreed that they could table a bid before hand, if a motion was chaired at an extraordinary share holders meeting, in order to release them from the agreement, so a bid could be tabled. But ask yourself, just how large would that bid have to be. It would never get past the BHP board. Lastly, the share register as it currently stands, stops any takeover from any one party. Are Newcrest really going to give up their share, without a fight. This to my mind, is the main reason that the biggest mines in the world, are jointly owned, it's the story of getting to production, and who acquires what along the way. However as always addicknt, you make good points, and I can see your point of view. Don't mind disagreement with yourself, for two reasons. You are well reasoned, and whoever is right, the outcome is good, unless we run into unforseen circumstances. Either way, most exciting share, I have been invested in for a long time.

Ever since I have been in this share, NM has always said that he will extract maximum value from this share, for the shareholders including himself. I have always thought this would go to production, as this is extracting max value. However have also realised that in the early days, this could be taken out with a large bid. I believe the landscape has changed. No company will bid for Solgold now. Instead they will try to up their holding to have as big of a share of Solgold, as is reasonably affordable. Large miners do not pay over the odds. If they did, they wouldn't be large miners, for very long. If NM is true to his word, and I for one believe he is, then this is going to production. Buckle up and enjoy the ride. I like NM want max value from my holding.

Some key facts on Xray, what type of person is Xray. This is either a teenager or young person, who is unfortunately unhappy with life. Sadly, he, and I believe it is a he, sits by a computer or phone and fills their life with this chat room. The evidence. Joined on Feb 27th this year, has a total of 529 posts, who knows maybe more by the time I have finished my point. Has posted 344 in the last 30 days. Is absolutely not invested, we all have our moments of doubt. But if Xray believed in one per cent of the rubbish they have put on this bulletin board, then they could not be invested. At 22.55 last night, they said that they were leaving and not returning. Yet back less than twelve hours later. This is the behaviour of a child that cannot get its own way. I say this in all honesty to help you Xray. Put away your phone and all electronic devices and step outside your front door and make some friends. Life could be so much better for you. I wish you well.

Good morning Zoros, may I offer a simple explanation why we are, where we are in terms of share price. We just had a court case, during this time, people exited this share and took the profits they had. Because they couldn't take the risk. Then the court case was settled. Many of these people will not buy back, because they have moved onto other shares, as the percentage of profit is no longer available to them at the buy in price. Those that have brought in, some are profit taking, and some keeping this share. It takes time for confidence to reassert itself. We will float around this price until either news appears or confidence returns and people see the long term value in the share. Please check my posts. I have always maintained this was a long haul share. You don't erect a mine overnight.

As someone who would defend free speech in all cases, I also believe in spending my time listening to considered content. This unintelligent individual, takes stupidity to new heights. Only second person I have ever filtered.

Thank you Mog for the video. Again mentions copper price at 3.3 dollars. Five year prediction for copper price is round about 3.6 dollars, so all good from here IMO. Looking forward to future updates.

I am really not sure you understand anything about investment. The price drop is simple. They expected a bid after the PEA, or that the PEA would precipitate a price rise. Everything is still on track. Admit I didn't see such a big price drop, but that's investment. Do you believe in this company long term or don't you. It is that simple.

Last year cash burn rate 16 million pounds, cash in bank 81 million, now tell me that won't last 3 years and why not, I have adjusted for increasing burn rate at 20%.

Point 6, having a seat on the board is something for discussion between Solg and BHP, also if BHP take a seat, this means that they have to enter into a confidence agreement. They may not wish to do this. As for point 9, you have to be kidding. Go look at the financials, we are fully funded, and even with increased cash burn rate, we won't require any more finance for at least 3 more years, why don't you supply your financial information and where you get it from. To make such a statement, just shows me either you have not looked, or you can't count. Which one is it please.

Point 2 is not a question, it's a forward looking statement, at the moment, we do not have a producing mine, have you never heard of people to produce forward looking statements, and trading in the futures market.

I would add lloyds bank to that list, dividend over 5%, however the PPI mis-selling payment's end in August. Lloyds benefits from this proportionally more than the other banks.

Good evening Earthling, the bargains I am talking about, are solid performers with good cash generation and good dividend cover, these include Direct Line, current yield 8.8% , BT current yield 7.6%, I would even include Vodafone, after their 40% dividend cut, is now at Dividend cover closer to one, and still paying around 6%.Lots more, as the USA, China trade war, is chucking up good value, this in my opinion is the reason I sold some of my holding in SOLG as needed the money, to get in at these levels.
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Don't disagree with you Earthling, but everyone must be polite in life, otherwise the information you are trying to impart is lost. I like listening to everything, sometimes the posts here make me think and assess and reassess, but that's a good thing.

I have read your nine points, all have been answered before. As for running out of money, I suggest you take a look at the burn rate. Yes it has increased and will continue to increase. But very well funded. Try asking some pertinent questions, and I am sure someone will answer them, maybe even me, if they are easy.

Thank you Padmaster, see xray, we can all learn something new, myself included. Xray unrecommended and Padmaster recommended.

Pushed recommend by mistake, see we all make them. However xray not only have not read or understood the PEA, you then accuse me of not reading it, stating the point I made and thus changing your original post. It was me who said DFS end of 2020. You said December 2020. You then state what I said and pretend it's what you said, and accuse me of not reading the PEA, stating what I said. Not only haven't read the PEA, but cannot read other posters posts and understand them. As for the description of world class and tier one. Everyone knows it's subjective, what's your point. As for MRE's, they do play a part. Some quick coalition with MRE dates, will show, that the MRE published, shows a direct coalition with a build up to the point they were published. So price rise was already factored in. No reason to suspect a growing resource will behave any differently.