Member Info for Quady

Neither, but I believe it's the time to hold. If you have your position, see the story out.

Just my own thoughts. Yes BHP acquired 6.1% from a distressed shareholder, but I don't believe they can take over the company. To delist the shares they require 75% of the stock. NM, DGR and Newcrest own over 25% between them. Also cannot see where the next destressed large shareholder will come from. Black rock won't sell out cheap. We have a long way to go. As some posters said last week, patience just enjoy the ride, even with the down cycles. It will be fine in my opinion.

Hello FatherTedFeck, the reason I see further dilution (and it's not a bad thing), is that I don't see this being sold, I am in the minority here who thinks this will go to production. Agreed if a bid comes in that is out standing, then solgold purchased. However if you take my position, that although other companies may buy in, why sell the golden goose, when we can sell the eggs.

Hello Expert10201, I believe the reason we are a long way off 46p, is the only offer we have had was from BHP at 28.8p, this was firmly rejected, some people will argue that the resource is even greater now. They are correct however that's already priced into the share, also further resource statements are expected to be favourable, but they are also priced in. 46p was unrealistic at the time, but I believe we will get their and above. The PEA is required in my opinion, as you need to know the resource and the cost side of the equation, to put some meaningful value on solgold. Lastly dilution always a problem, but I don't see any real downside in some dilution. Lastly once we have a PEA, their will be other ways to fund this in my opinion, as everyone will tell you this is not a recommendation, just the way I see things panning out.

Good morning Earthling that's my point. BHP don't need to take out solgold to own it, that's what acting in concert is. The point of balance is how much more do they require. On the plus side Newcrest would have to get into bed with BHP. Not likely at this moment, but things change. The one good point I pull from this (many more good points), is that Nick knew nothing about this. Which means this scenario is not being considered at the moment. But useful to keep an eye on who owns what.

Agreed SaveShare7, my only concern is what gives the best outcome for Nick Mather. I have argued this will go to production for many reasons. With BHP coming on board, I have am more certain of that outcome. A concert group that took this out cheap would reap huge rewards for the people involved. What we require is a rise in the share price for two reasons. Firstly this makes this scenario less likely due to cost. Second its a clear indicator that the price isn't being walked down for such a scenario to exist.

Hello Solfinger2, then you like me know the sad story that was Fortune Oil. 10 pence as the buy out price was a joke. Lets hope we fair much better here. So far looking good, but am much more cautious these days after the Fortune Oil fiasco.

Hi SavShare, the problem still exists, Nick Mather and Newcrest could act in concert. I raise this point, as I just think we should take a cautious approach and keep a keen eye on this. Especially who holds what. Best outcome is pressure being applied by BHP. Worst outcome BHP becomes part of the concert party.

Agreed I made this point some time ago, this is what happened to Fortune Oil, (The share I was in before Solgold). Parties acted in concert and took out Fortune Oil for a fraction of the price. Fortune oils china gas holdings alone were worth more than ten times the price. We want as many interested parties as possible invested in Solgold.

Not sure that this is Hostile, just think this maybe a placing for a part share. After all why do a share of a resource, when you can take a share of the company and share in this resource and the ones to come.

Hello everyone, today has been a good day. Everyone allowed to post their points of view, and no one vilified. Let's have more days like this, and we will get far more participation on this forum.

The way I see it, is if you had to value Solgold on NAV today, then you have a asset you cannot value, as you only have one side of the equation. The other side, how much it costs to extract value. Realise that some on here will define this by NPV, not NAV. But that misses the point. In order to have a robust price point in any company, you must have it valued by NAV. That would put us way below our current share price. Can't say how much, because we cannot value it. Hence share price is being supported by sentiment. It's speculating on future value. This is why I say future MRE updates are priced in. Now depending on the PEA, we would have the beginning of an asset we could value and hence, calculate the NAV. With a growing resource I am willing to bet we will be better than OK. But in one, that's the upside and the downside of Solg. Not risk free, but speculative. One final point, the PEA is the beginning of the extraction costs. Not the final say. This is why the share price is what it is. And doesn't respond to MRE updates in a way some would expect it too.

Good morning Padmaster, you have just expressed another of my thoughts, and used the correct wording. The offer would have to be irresistible, I believe any chance of such an offer, will come when we have an idea of the costs of extraction. But the offer would have to be really good. If we don't get such an offer, then we will go to production. We have that choice. Let's also remember that this is a growing resource. To have an offer for Cascabel or Alpala, will take some considerable money. However to take out the whole of Solgold, would be another story. Let's see where we are with some of the other tenements in a year's time. Agreed with you and DG1.

Good morning Padmaster, you have just expressed another of my thoughts, and used the correct wording. The offer would have to be irresistible, I believe any chance of such an offer, will come when we have an idea of the costs of extraction. But the offer would have to be really good. If we don't get such an offer, then we will go to production. We have that choice. Let's also remember that this is a growing resource. To have an offer for Cascabel or Alpala, will take some considerable money. However to take out the whole of Solgold, would be another story. Let's see where we are with some of the other tenements in a year's time.

Agreed Mog, however that was the point that bugged me. I also mentioned other strands of thought. Why would Solg sell out to a 3rd party for anything other than close to full value. We today are in an enviable position for an explorer. Funded for another year. In which time a lot can happen. But I favour a build with Newcrest, in which more shares are issued as required and Newcrest increases it's percentage.

I would check your posts, all the name calling has come from yourself, however if you and others are interested in my reasoning, here it is. Firstly, the fact we have had an exceptional update today and no significant price move is indicative of expectations of this and future MRE updates, being priced in. My reasoning for we are taking this to production, follows strands of thought in many directions. However one question keeps bugging me. Many on this forum believe that Newcrest were brought in for there expertise on block caving. True this would be of benefit in drawing up the PEA and further assessments. But Newcrest were in a position of strength when they brought in. They could have come in cheaper than the share price at the time. But they didn't. They paid a premium and took a large share. This concludes me to believe that they are in for the long haul. IE: Production.

Good morning, unfortunately priced in, as I have always said. We now require the costing, for the development of the mine. Only then do I believe we will start to get a reasonable bid. As we have some indication of a growing resource, but no idea of the cost of extraction. Only when we have both sides of the equation will an accurate assessment be made of the potential value of the company. Expect some where in the region of 0.7 of NAV. However lastly as I have said for sometime, and no reason to change my opinion. We are going to go to production.

Hello Tuju, Cascabel is not advanced. Alpala is, that's why I still believe this is some years off and quite content to play the long game.

I think the fact that if you were working for Solgold, you would be out there 24 by 7, drilling holes with your finger, says everything. Personally I would use a drill.

Hello FilthyRich101, don't disagree with your post, although I realise its the opposite of mine, yours like mine is in the running. I would like the PEA completed and then raising capital in the form of loans to start to build. We don't require 10 years for a full production mine, we have enough high grade although deeper than I would like to be in positive territory in a few years. I believe we can generate cash early on, if I am correct, then I think we will see some serious growth in the share price, without a full operating mine, as that would please everyone, as I dare say we all have our exit points.