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Josepi, I'll be a little more generous and say that he can have his pay rise at 60p!
https://bit.ly/3l4ePiF
Might be worth using Twitter to voice any opinions to the board
I think Naughty Nick needs to get his pot of ink and quill out rapido! You need us more than ever now Nicholas! Get churning the news out!
Gents,
This guy allowed this share to drop to 10p not that long ago and watched long term era sweat without a peep from him or the board...,..
I’m still balls deep in this share and have been for 7 yrs .
We need clear leadership not games!
the price never, ever shows strength even on good news, see Porvenir. It's a zombie stock
Sold again schlem.....
You sound like jerry, the price increased 50% due to porvenir...what rubbish
Schlem, put your pants back on and take those pencils out of your ears!
TBTT, my guess is the following:
CGP -against everything (obvs)
BR - as an institution, they'll do what institutions normally do, either vote with the board or, at worse, abstain.
NCM - against everything.
BHP - against resolutions 11 onwards, and possibly more.
addicknt you missed out Tenstar, DGR and NM's holding and other directors. The PI's will be the ones that tip this.
Also I don't think NCM will vote against everything, as they also, will want to protect their position.
Where do you see that Mather is getting a pay rise? The executive compensation table in the AGM circular shows his 2020 salary as just over $400k, with no options this year. For 2019 he got $425k and nearly $3m of options and incentives. I can see aggregate directors' fees are rising from £400k to £600k but I assume that's because they have added 4 new NEDs to the board, all of whom are experienced and probably don't come cheap. What am I missing, what pay rise is NM meant to be getting?
Q, I really didn't think I needed to mention them. A bit of a foregone conclusion don't you think? Although it would be bloody funny if one of them voted against.
Why would NCM be protected by voting for the resolutions?
Curiously, the one thing that doesn't concern me is NM's salary. I don't consider him to be over-paid, unlike the many useless directors who inhabit the large number of lifestyle companies which litter the market. I also think he probably works his butt off.
That RNS went well with the market! The one thing the markets do not like is unpredictability and that RNS sounded desperate.
I think if NCM was going to bid, they would vote against, however I believe that they see their investment as a long term play, and would like to acquire more of Solgold.
If they vote against, and we see BHP make a successful bid, then NCM's chances of acquiring more of Solgold are over, it's in NCM's interest to support these measures at this point in time.
Sent another strong email, this time copied to Karl, saying I have no intention of voting unless meaningful news comes out well before 8 December...
That is 100% on the money Redknight!
rk, do you intend to abstain, or vote against?
News is a funny thing (when you get it). When we get a stonking assays/exploration RNS....the price slides!
Get a desperate one like today, and the price holds up!
What's in the ground isn't going to change based on whether Solg release an RNS today, tomorrow or next month. Whether we get bought out for 55p or £1.55 does seem likely to depend on who is running the company and what financing options they have available to them. Risking a change of management and limiting funding options at this crucial time, to allow BHP/NCM to come in and pick up the pieces cheaply, seems rather petulant just because we haven't had any drill results for a couple of weeks doesn't it?
Hi Addicknt!
You may well be right. Given the usual low rate of PI participation, and a fair amount of II abstentionism, any coalition of CGP, BHP and Newcrest will probably win out on those motions.
I sold here at 32p on the rise. A little bit too early, I admit. But I had bought in at 20p or so, so no complaints from me.
For now I'm just watching here - waiting for significant developments or a decent drop in the price. I'd count Nick Mather going as a major positive for SOLG.
TBTT - lies. You sold at 27p.
But if Nick was at all unsure why not just have arranged the AGM for the beginning of Oct when BHP legally had to vote for them.
It's funny as Nick couldn't give two hoots for a few PI S voting or not voting here.
It's also funny that Nick would put a 50% pay increase into a vote at AGM, if folks seriously though he would have to get for votes..
This RNS is a sign of weakness and fear on Mather's part. Maybe he's heard grumblings from BHP. It only takes them to align with BHP, Blackrock, CGP etc