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Evening addicknt, we don't require 3 to 4 billion, a start up would probably be under 300 million, and then self financing. But do agree it could go either way.

That is a good point Shipright, and one I had entirely forgotten.

Agreed Italian, also please remember that funding does not always dilute a share price. It can increase it. EG: the funding raises say 300 million, that amount is available to draw down as the site is developed, and increases the asset. If and when we get income from the build, this will further increase value. Not always the share price. Plus people will go long on this, so give support to the share price. I am not afraid of production. For me this is the way to extract maximum value, which is what NM has never deviated from. Just my thoughts and ready to admit this could be sold. But fear if that is the case, then will will get a fraction of what this could turn out to be worth.

Sorry Cookie, not cookies.

Hi Cookies, when you say market cap, this is the total number of shares multiplied by the price of one share. Nothing to do with number of shares traded.

Your welcome cookie, as I said it's a possibility, lots of other terms for this type of trade, but this is the one I am familiar with. I suspect this is to keep it within a trading range. Hence maybe people with level 2, can comment, as they can see what is being offered up.

Good morning addicknt, yes lots of small trades to start the day. I suspect this is a practice called pinging the market. Usually done with one share. A broker will sell or purchase a small number of shares to test liquidity in the market, as he or she wants to understand other brokers positions. The fact we have a few, could be more than one broker is doing this. Most were sales, so also some attempt to get a lower bid based on last transaction. I don't have level 2, so maybe someone with level 2, could comment on what is available real time.

No hidden agenda Strider4, the reason I concentrate on finance as you say, is because that is what NM has said.

Thank you KB007, the ten percent was an estimate, as a portion of DGR, was taken into account. Thank you for the correct figures. Makes a bid difficult. I do agree, production and see where we are.

Don't disagree with addicknt and Jerry, as your outcome could indeed be what happens. In which case we all get an early payday. Just feel he is going to do what he says. If the PEA comes out and we have a funding package, everyone including myself, will be reassessing this share. Not in a bad way.

Good morning Italian, a possible scenario, not one I believe will happen. I believe NM when he says he's going to production. But to answer your question. In Fortune oils case, the following happened. They had massive assets including a large share of China Gas, however the price was driven down, as two major shareholders held over 50% of the shares. So they did nothing apart from give dividends and then brought back shares, hence slowly increasing their percentage stake. Eventually after many years, a company that was worth about 2 billion had a market cap of 300 million and it made a compulsory purchase as it had acquired 90 percent of the shares. Share price was driven down, as there was no market for the shares. I am happy that we have many shareholders as our base, but should BHP get to a large stake, they can act in concert with another party say Newcrest, and the price will stagnate. Hence we do not want cornerstone to sell there shares to either party. NM is quite right to try to get the Cornerstone issue settled.

Good morning cookie, yes entirely possible, hence my scenario of a concert party. Been in shares that have gone this way over the years, and never known private investors to get true value. Always looking for the share register to consolidate ( this I see as a warning ), so this is possible. While we would make a profit, it would be a fraction of fair value.

Good morning addicknt, thank you, I had taken the 30% rule into consideration, that's why I refer to the share register having to change. Also aware of the 90% rule for delisting. To my mind NM owns just over ten percent, so that he can stop any delisting of Solgold. Just another reason this will go to production. Even with an offer should BHP obtain 30%. I cannot see Newcrest selling, also if funding in place, then theoretically dilution is over. Hence my reasoning for being unable to see how anyone could table a bid at the moment. It would be just too expensive.

With not which.

You could be right Earthling, but my point is how would a major table a bid, I cannot see how it could be done which the share register as it is. No major will bid unless some consolidation of the share book takes place. It would cost them too much.

I would imagine if an offer came in, it would be almost impossible at this stage. First scenario, company puts in offer for a controlling stake. Because of the distribution of the shares, they would require over 50%. That's a lot of interests to satisfy. I don't believe we will get an offer this year. But let's look at scenario two. The person who makes an offer is for Cascabel or Alpala. This is even more difficult, as it is not 100% ours. Scenario three. The person who makes an offer wants to delist Solgold. This is going to require a concert party, and this is the point where I would exit this share if that happened, as you probably wouldn't make any more than the share price at that point, for all the obvious reasons. Scenario four, this I believe is the most likely. We continue on the road to production, and the interested parties, pick up blocks of shares, or buy in on additional share issues, and slowly increase there share as a percentage, and reduce the other holders. BHP is favorite to do this. Hence cornerstone shares are of immense interest to me. However if NM puts together a funding package, and we have no requirement for further issues. Then to my mind. It gets really exciting, as we could be in at the bottom of a new major, as Solgold will continue, and will not be delisted. Sure, the share register would change, but we would own shares in a rapidly growing company, that would pay dividends. Food for thought.

I have been investing a long time, if I had listened to expert opinion on certain shares, I would have never made any money. Investing is about understanding as many of the fundamentals and then taking the plunge if the story looks sound. And backing your judgement. Solgold is an unusual investment for me, as I like undervalued cash generative companies that have decent dividend cover.

On the go for gold strategy, this is about near surface gold, to hopefully get a start up going. They are going to be taking their time to get the location right, as this has got to feed into the main project. But as you say a bid could come at any time, but unlikely this year, with the Newcrest tie in.

Good morning Earthling, on the contary if you were taking this to production, in terms of raising the required sums of money.This would be easier if it was one hundred percent owned by Solg. The fact that this isn't going smoothly could be some of the delay. We will just haveto wait and see.

Only way to extract max value is production. I think we should take NM at his word. Wouldn't be surprised if the reason for the delay of the PEA, is it is going to include a completed funding arrangement.