Member Info for Quady

Hello Christopher, on the politics, this is a government with a majority that would be envied anywhere in the world. It is starting to put its people first. It took me over a year on this forum before I invested. Took a load of abuse because I asked questions. However the very first thing I investigated was the political history, because I knew nothing. Yes its a risk, but no more risky than investing in Europe.

Thank you FilthyRich101, extremely well put. My only point of contention is the time scale, I believe it will be longer, as great if we get a buy out, but NM is not going to be seduced by fair value. He wants a premium to what he believes it's worth. Hence a start up to fund the rest of the tenements is the way to go. As another poster said, patience this will be extraordinary.

Good morning all, while I respect the posters saying this will be sold, and they could well be correct. The bit that grabbed me was that money would be borrowed on a NPV basis. I don't believe we would suffer any dilution, as this would have to be in staged loans, as as debt acquired, value also acquired at a greater rate. Either way it's a win win.

All again sign that this is going to production, this is no bluff. Rather a clear path to a functioning mining project. Yes we may get a clear buy out offer, but the further we go down the production route, the less likely an offer of sufficient magnitude will come in, just because it won't be such a bargain. I have am happy with this scenario, as I believe this unlocks the most value, although be it over a longer time period.

OK, if we keep this up, then at 39.16 pence, we get last place on the ftse 250 at the next admission date, this means we get brought by tracker funds and thus more demand for the shares etc.

Good evening Zoros, I have 37 years in investing, I am an ex broker and actuary. Shame on you, I don't believe a world you say. If you had 35 years experience you would know that investors are the hero's of SME's. When the Banks will not lend we step in. OK institutions pledge other peoples money, but we take great care. Individuals pledge they own earned savings. We live and die by our decisions. I take it you have a pension. People like me made retirement for many people worth while. Gambling is when you make a bet, investing is when you make a commitment to an idea a dream and many peoples life's, as they have jobs for their families and the effects of a business ripples through the economy and provides many others with a wage. We risk all.

Just watching the trend, more interested in size of individual trades. Guess we are expecting a RNS soon as someone is aware of something.

Good morning Busterhogdog, I think Jim, just brought in at 35p and is unhappy. When I first came on here, I asked questions for over a year before my first traunch of shares was purchased. I put up two of my trades on this site at the same time I purchased to stop all the people people accusing me of deramping, so they could see a minute or so later on level 2, and know I was on the level. I was insulted all the time by one poster called earthling, who really has no clue about investing, so give people the benefit of the doubt. I believe I would have been disgruntled if I had brought in at 35p, but likely would have kept quiet about it. However we are not all the same.

Hello Jimiley, I don't believe it is the same. People get carried away, I for one never thought the 46p price would hold, however equally surprised when it fell as much as it did. Today is different, we are building confidence and this is everything when creating a market for this share. We are starting to see the way ahead. Some disagreement on how this will play out, but no negative scenarios. So at last I see some underpinning of the share price. Doesn't mean it won't drift down again, but with more support and a PEA at some point this is less likely.

Good morning RichyRich1, yes I do, the market prices in expectation, doesn't mean further on down the road it won't result in a hike in the share price. But for now we are expecting a doubling in resource. That's good but if the cost of extraction is high then that's not so good. When we understand the cost side of the equation. Companies will run their sliderule over the MRE again however this time they will have the full picture. It's then we start to assign some tangible value to Solgold.

Good morning Jimiley, I do not believe for one minute the price rise from 26p is because their is going to be a take over. How would that occur. They cannot even get a controlling stake without other main holders selling out to them. Why would they do that. This is a waiting game now. The price rise I believe is because of the intrinsic valve now being assigned to Solgolds tenements as a whole.

Guys please lets not talk of ramping and deramping. It just shuts down points of view. Schlemiel's point of view is just as valid as mine or anyone else's. We require proper debate, I want to hear all opinion.

Not going to rehash this debate, happy as I said to agree to disagree, don't think the start up costs are prohibitive, also once up and running say 18 months for a start up, no further dilution or funding required, on a long term basis. I believe lots happening in the back ground, just enjoying the ride as the next important RNS will not be a MRE, that will change nothing as it's already priced in, a not great MRE would have a negative effect. We require the PEA, then will will have some indication of the cost of going to production, and I believe shortly after that we will have a much clearer roadmap of the company's direction of travel. We need to understand the cost side of the equation first.

Good morning KB007, agreed, this has always been going to production. When NM says if a irresistible offer came in he would take it, he means it. The offer would have to be higher than the value he places on Solgolds tenements. Agreed also he will reduce the costs, by having a start up and go for gold to make this self financing.

Good luck to you as well Schlemiel.

Guess we will have to agree to disagree, however just a reminder, if we get a near surface target rich in copper and gold, then a start up is self financing.

The Debt side of the equation, does not have to be financed by equity. Yes it will have a negative effect on the balance sheet, but this can be managed with a series of loans to bring this about. Also it will not only be Solgold financing this. I reiterate that we will have a clearer understanding shortly after the PEA.

Hello Schlemiel, while I agree their would be some dilution, it would not be much. Once we have the PEA, we will know broadly the cost and benefit sides of the equation. This is what is required for financing production via a series of loans. Unless we get a high take out offer, this is the way we will go. My opinion and also stated by Jason Ward and Nick Mather. Also why would Newcrest have come in at such a premium at the time. We need to wait for the PEA, then I believe Solgold will give us a clear direction of travel.

Hello Schlemiel, while I agree their would be some dilution, it would not be much. Once we have the PEA, we will know broadly the cost and benefit sides of the equation. This is what is required for financing production via a series of loans. Unless we get a high take out offer, this is the way we will go. My opinion and also stated by Jason Ward and Nick Mather. Also why would Newcrest have come in at such a premium at the time. We need to wait for the PEA, then I believe Solgold will give us a clear direction of travel.

Agree with KB007, way before Jason Wards statement, all the indications were this is going to production. Dig in for 4 or 5 years, who knows didn't you wish that you brought Apple shares at the start. Just think of the dividend. If this goes to production as I believe it will, then maybe rethink the idea of selling. Sit back and enjoy growing dividends.