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Looks like Elodie gone too
Fawzi was being paid $400k+ for an IR role. Scot and team soon put an end to that (so says the rumour).
Money saved. And I don't think he'll end there. Few more heads to roll yet is my guess. Twigger no longer needed as far as I can see - plenty of individuals on the pay role that could step into the chairman role and save us all a few quid.
I can confirm
There was a man down the pub who did indeed say Rio were interested.
No sources, fort? Ready to admit that's a baseless ramp?
BnC, what exactly has been stolen, from whom and by whom? The company you invested in now owns 100% of a Tier 1 asset and is in a much stronger position financially. The CEO has put his hand in his pocket and is a decent sized shareholder, focused on delivering a return for all of us.
The people running the show previously were paying themselves exorbitant salaries, making no meaningful progress and certainly not generating value for shareholders.
I don't understand why you're so annoyed.
Missing the point addinkt
How has this company been taken away without our say so???
This precedent has to be a concern for any shareholder of any company - as basically folks can just walk in and steal it from under your nose and you have no say whatsoever.
That is what I am seething about & any shareholder of any company should also be very very concerned with this theft in broad daylight.
This is the point!
BN.c
Anyways off to nurse me toothache...........
I've had a think, and I'm good with it, ta. If I came across a disingenuous prat like fort face-to-face I'd speak to him the same way. We don't need scum like him or the other rampy lemmings here. Plus he's proven time and again that his motivation to ramp outweighs his capacity to get offended. He still thinks he can move the share price from a BB! Sweet...
I too wouldn't mind if you qualified 'sources' Fort, however I would ask in such an abrupt and discurtious way as 1981.
1981. The fact you always articulate yourself in such a manner on an anonymous BB tells me everything I need to know about you. Have a think hey? C
Who the hell is fort?
"There are loads of whispers out there at present but the one I keep hearing is Rio Tinto."
Any sources, Fort? Or brainless ramping as per?
Convenient that these 'whispers' won't have any sources. Given that you've just made them up for the benefit of your rampy colleagues on this board.
Nice try.
I think the reality is a simple one... BnC... what was the alternative? Backs against the wall with NCM/Blackrock/BHP et al and monster size inflation period with cash pile near zero and AGM looming.
The alternative clearly wasn't palatable ? Eghuge dilution via BHP and NCM astray would never have agreed to royalty deal. Slow bleed over next few years and you might be lucky to walk away with you string vest still on.
Seriously... you need to get over it and the best way to do that is realise that there is nothing to get over! The best deal for all was done and we are now back in the driving seat with BHP and other back in their box and from Blackrock's recent holding update, it looks like their dreams of building a cheap equity holding disappeared along with BHP's.
There are loads of whispers out there at present but the one I keep hearing is Rio Tinto. Personally I can't believe they would go for Ecuador block cave project after Mongolian debacle but you never k ow they might have cracked the block cave formula and know exactly what they can get out of Alpala.
At end of the day... get the right super majors in the right place at the right time and you don't need to worry about being shafted by lows balls. The highest bidder wins and that's usually just above fair value.
Trouble is Broke
Our own management proved to be all talk and no substance and they got away with it for years imo
I'm glad the new boys are now running the show.
BNC, it seems odd that you are up in arms about the one thing which will provide what you, and most of us, wish for.
I agree it should have happened before, but it didn't, so we may as well be thankful it is now.
Quady
Irrelevant, we bought and spend hundreds of millions to get the 85% ownership...........
We had them backed in a corner with little options ready to take them over
They are now the biggest shareholders by far in my company without my say so
This is bull - sh-it
FT
No I'm not getting over it - as this could happen again in a co I'm invested in.
Dont get me wrong I look forward to getting this cr-ap off my hands and done with it as it's been a far too painful exhausting experience - i just believe this co should have been being sold for several billions but dont feel like it will be & we're being done over from every angle culminating in now loss of control to these wa-nk-ers
bn.c
If you assume market values SOLG purely on ENSA then let's say 15% ENSA equals 15% SOLG. Then throw in the 5.2% they owned in SOLG and that's 20%+. Yes we did have 5% holding in CGP but that was worth much less than the CGP stake so not comparable. Then you Porvenir v Bramados and SOLG wins hands down there with 100% interest. But bottom line is ... they've hardly gained a 23% interest out of thin air. I'd say on the whole they've gained around 4% to 5% tops.
It's minor considering the power and business acumen that comes with Bob, Maxit et al.
BnC... I understand your sentiment, but lets face it... Mather and team have had long enough to deliver the goods and have failed to do so. CGP boys have waited years too like other shareholders. That said.. Maxit did offload a wedge to BHP at 25p which is perhaps the biggest bugbear I have even if they did retain the CGP 20% stake.
From 19:00
Warren Irwin seem pretty convinced that a sale of Solg is likely this season:
https://youtu.be/1LdvAxOw5VA
From Rosseau's website; towards the end of the interview where he mentioned his involvement in copper play.
Thank god they are in the driving seat. We've had several years of mismanagement and at last it looks as if we're in the hands of people who will deliver a shareholder return.
You're Right Quady, back in 2012
https://www.proactiveinvestors.co.uk/companies/news/34623/solomon-gold-secures-right-to-buy-85pct-stake-in-cascabel-gold-copper-silver-property-41283.html
Lines on a chart don't mean it will happen. That's a 50% rise from here, does sometimes happen in a shortish time frame though, look at RR. in recent times. There appears to be some positive momentum in recent days on increased volumes. With my average at 21 I'll certainly keep my fingers crossed for a continuation of the recent action !
Think you need to get over it and move on BNC. All that really matters now is what return we as shareholders get for our investment in Solg and if the CGP lot deliver it then happy days for all! Its all about the final outcome not how we got there IMO. Good luck to all the good folk who have been invested in Solg over the years- we certainly deserve our pay day whenever that may be!
Good morning BNC, please correct me if I am wrong, but didn't CGP own Cascabel and we got 85% from them.
Hmm lets see. Perhaps the following characteristics of the previous management contributed to this scenario:
1. never hit a deadline
2. ****ed off major shareholders without a clear plan of action
3. did not deliver value to shareholders
4. literally stole shareholder capital
Can someone please explain to me how we've gone from a company that spent an effin sh-i-t load of money (mine and your money) to earn in, by and develop an extremely valuable portfolio of mining assets, carrying a minnow with a minor 15% interest in the Ensa (Cascabel concession) holding the co's flagship Alpala resource, whom were running out of money and were about to be gobbled up by SLOG for fk all - to now in the psace of 2yrs, those sh-i-ts now owning 23.7% of my company???
How the fr-ig has this happened???
Fuming doesn't touch it!!!!!
bn.c
https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-bulletin-board-heroes-march-3-92d9cd2/
v o x m a r k e t s Replace asterisks with this with no gaps between letters