Member Info for zoros

Quady......let's look at these in more detail, shall we:

1=) He never said he would sell Alpala for the right price.
@26:50 he says, quote "everything has its price Paul" when asked would he sell Alpala.
2=) correct
3=) correct
4=) Wrong he said Solgold was going to become a mining major.
@26:00, he says, quote "if somebody wants to buy the 'company' it will become indefensible"
5=) He never made any threats to CGP.
@24:19 he states thinks may get very difficult for CGP. @24:40 he states he is throwing CGP a lifeline. These are veiled threats.
6=) He confirmed he will deliver PFS by end of September.
Actually he said he would present the PFS before BHP have their rtestrictions removed.
7=) Yes looked like he had a long day, but very coherent and accurate.

Accurate - yes, reliable - no. I had to remind you yet again (earlier on this week) that he had reneged on further diluting shareholder stock by offering a product placing for $40mil earlier last month. You were adamant that NM would never dilute company shares.

Perhaps it's time now for me to ask you to re-watch previous webinars/interviews to confirm facts if you wish to retain credibility........
Sleep tight.
Z

Quitefrankly - you puzzle me...the SP doesn't.
IF you have done an appropriate amount of research on this stock, you will find that, in fact....based on KNOWN results so far (bearing in mind we haven't even had a maiden resource estimate) this stock is greatly overvalued. No-one has reported exactly how much gold is down there???
In its mitigation, the stock "appears" to be sitting on a very significant find, based on the amount of activity and 'major' involvement @ Hav. And everyone here thinks those mitigations will bear fruit...but @ 12p it is vastly over-rated at present.
Hence your comment that this 'low' price puzzles you ....would suggest you don't fully understand the stock.

https://www.mining-journal.com/project-finance/news/1390615/financing-key-for-solgolds-aim-to-become-copper-giant

Quady, you'll be pleased to know that I listened to the interview too!

What did I get out of it:

1. He will sell Alpala for the right price.
2.He will equity dilute but not as a first option.
3. He stated that NCM are the best @ Block Mining. BHP don't have the same experience.
4. He will continue with setting up for production........but would seriously consider any offers / bids.
5. He's offering a lifeline to CGP. If they don't jump ship, he'll sink them when their equity in ENSA drops to half a percent.
6. He's going to deliver: PFS / production Finance / extra staff to build the mine - by the end of 2020.
7. NM looked tired.

Why doesn't someone come straight out with the question: why he has bid for CGP now? Why doesn't he leave it until he can buy them off?

700Km of terrain riddled with Alpala's. MUCH TOO BIG for one man and his team to manage. He must have a plan to slice his domain up.

A bid is coming.....................late 2020.

Z

....................................

Costa, what development costs?
GGP aren't miners...............

The naivity of some frequent posters on here, belies belief.
If BHP (or any significant other) wants Ecuador - they will get it! If anyone genuinely believes ANY government or even the IMF(?) affords any kudos to a back street minnow like solg who hasn't produced anything, anywhere in the world, Vs one of the biggest mining majors on the planet - they are deluded.
As NM has said on a number of occasions (the last was in the redcloud webinar in May19th), if the price was right, the offer to buy him out was not 'off' the table. He would sell his grandmother if the offer was insane.
Tell me this - is there ANYONE on this forum who would prefer to sit tight and stay loyal to solg until 2025, 26, 27..... for a bigger chunk of the pie or would they sell their grandmother right now, this year for in excess of £1 / share?
Perleeeeze, get real and stop pussy footing around solgs integrity? Because nobody cares if NM is a laypreacher or a leper, they just want the money in their bank account. A week after you sell your shares - you will never think about NM again!

The Italian - a refreshing and promising post - ta.
Miagi - appreciate the insight. You have faith in the latino way of doing politics, it seems!
Previous reports remind me of the sway some of these "locals" can have on their environment. They might eventually lose but their delaying tactics are reflected in the stock.
You gloss over the $2Bn needed as if it's pocket money - no?
I agree with what you say....I'm simply suggesting the MM's prefer known known's and known unknown's!! GGP is a very safe bet. SOLG (in theory) is a very safe bet....but when will it roll out....this is the question. Year 9 and counting..................................

Quady - three things:

NM diluted the stock to the tune of 147,000,000 ordinary shares during the latest placing, in case you forgot. This is after he said shareholder dilution is not in his remit. You seem to have forgotten this?
Two - you keep going on and on and on about wanting me to watch some "presentation" to answer all my concerns. WTF is this presentation? Do you have a link?
Three - will you stop stalking me FFS? Enough is enough.

So many people getting so worked up over virtual posts? Iam fascinated by the human psyche.
By all means read posts from a newbie, to glean what you need from it. BUT if it distresses you or makes you anxious or provides incorrect details, by all means reply so that others can see how you feel ........and leave it at that.
Filter the individual and they disappear forever - simples.

Why don't people filter?

Hello? hello? anybody there? hello? :)

Miagi - fair point. I'm deep into both and I have to admit I have never heard of the BoD stating a ridiculous 84p!!! WTF.
I'm basing the maths on 15MOz@Hav and a maximum sell out for 23p. The end.

The concern for me, here @ SOLG is that the external forc es at play are much more onerous:
The main concern is the political situation in Ecuador and with the GE upcoming, MM's are sitting on this stock. Secondly, the environmentalists in Ecuador - again another reason to sit and do nothing at this stage. Thirdly - who will JV with SOLG to bring this to fruition and what it will do for dilution (I'm purposely ignoring anything NM says about dilution because he has lied before). All of these 'forces' are depressing the stock and until they are ALL resolved, this will drag on for months if not years. Resolving all three is a big ask anyway, never mind in a tin pot country like Ecuador!

Miagi you have to remember that many, a lot, dozens of PI's got into GGP while it was miniscule (0.6p to 7p). Those who entered @ 1p have now got 1200% profit!!! I joined in May 2019 @ 1.5p and topped up @ 5.4p. Were you around when SOLG was a tiddler? I got in @ 7p but due to sheer greed, kept buying up to 41p.
In this regard, they are somewhat similar.
What is exciting about GGP is that it is happening 10 times faster than it is here in la la land! One way or another, GGP PI's will become very rioch or broke, very quickly!
SOLG - one will become mediocre (sell out) or very rich....5-8 years from now!

This year alone NM has:
Raised $100 Million from FN. (Further progress on production costs, too).
Raised additional cash for further drilling at his other tenements.
Boxed off CGP.
Hired Block Cave experts.

All the signs are there, so why is the SP languishing? What is it that the market is unsure about wrt SOLG?

Answer: They can't see this going to production.........

They want action in the form of a hostile bid for SOLG, that's what they want.

But I would bet money on this giving a excellent return, once we are producing.

Understatement of the year Quady. You're getting on a bit aren't you, and you are telling me you're happy to wait atleast another 5 more years to realise your "bet".

Quady - Tos post supports my argument all along???
So we agree finally!

Quady - here is my argument in another form. Perhaps you understand where I am coming from...via this perspective? CGP don't have the ability to generate interest at this financial level, I'm afraid.

BNC / phattrader/Colonel - Agree in total.

Quady - steady now.
A lot of this is supposition, I think even you would agree?
Therefore much of what most posters say does carry merit. Ergo - might I suggest that by digging even deeper with your response, you would find that no-one will 'lend' CGP the amount of money required that allows them (CGP) to progress with development, simply because the lender might not want to be a minority partner in a bigger picture, they would probably want it all. Similarly, CGP don't make any money from any of this until post production....which, by then, is too late to keep CGP afloat.
In summary - the longer CGP shareholders deliberate, the greater the value of their shareholding dilutes. UNLESS.........unless they believe that the longer they leave it and the closer they gets to an ENSA bid/takeover, then the greater their return during that sale/offer.
But do we agree on one thing atleast - from a CGP perspective this cannot go to production - it will see the demise of CGP when SOLG snuffs them out?
Ergo - SOLG is steering towards a takeover?

BNC and Quady: No offence, but you're missing the point:

Firstly BNC which then leads onto Quady's comments:

If NM doesn't/didn't bid for CGP now, and completely forgot about them - what would happen to CGP (provided they didn't get bought out?). They would either have to stump up some MASSIVE production costs ( imposed and thought up by SOLG), which they could never afford (at the time).....or they would dilute to 0.5% and get snuffed out by SOLG for £3.5Mil.
So, BNC...why bother to spend millions preparing this bid....now? Why not wait to own 100% at the time of snuffing CGP out?
And in answer to why hasn't someone else bought CGP - it's because the new owners would inherit the same requirements going fwd. Far better for the future owner of SOLG to then buy out CGP because they wouldn't have this issue. [Which is why there might be strength to the suggestion that BHP and CGP could collude over this].
Quady - answer the question?

Why do you think CGP have flatly refused to sell now (in the face of MASSIVE costs in future)?
Might I suggest that they know something? They might be colluding with BHP? Just a suggestion.

So - why on earth does NM want CGP ....NOW? [He's going to get them for peanuts anyway, in the not too distant futre if we are to believe the posters who think he is going to prodfuction.
And again, might I suggest the real reason why NOW.......is because he wants to own 100% ENSA to be able to.......wait for it......sell 100% ENSA for more money than he would get if he did nothing now (@85% ensa +takeover costs of CGP).

NM is going to SELL Alpala......QED (qed isn't a company by the way!).

CB1984: Think again, your numbers are off:
https://www.worldometers.info/coronavirus/#countries
UK lead USA on testing

Z