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Incidentally, it's pretty clear Mr Mather has no doubts whatsoever about what's coming ..."adding value through exploration and discovery.The result assists in maintaining the premium for control of Solgold".
I think we can assume Mather knows what he's talking about and as far as I can see there's no mention of production. Admittedly, it's taken him a while to come round to this way of thinking, but better late than never.
Indeed Add
Scaremongering can stop now.
The last couple of months have been all about clearing out and laying new foundations. Now let’s move forward, get the merger done and leave it to the likes of Sangha to get a deal done in the new year.
Thank heavens for that!
It's going to be interesting to see how BHP/NCM react - if they react at all.
The Board are now free to push ahead with the SR and to deliver shareholder value in 2023. Well done lads!
Sorry, my mistake..that’s his position on the bottom of the DGR release, haven’t woken up properly … yet..
Nick Mather.. Founder and Managing Director..
Well done Bob, all Directors returned with increased margins..
https://twitter.com/dgrglobal/status/1606136741382889474?s=46&t=-ST5vR6ZzAHi_o2a2hvFkw
*SOLG
Solgold is worth fighting over.
DGR RNS regards SOLD AGM.
“Strong shareholder voting of approximately 1.9 billion shares out of the issued capital of 2.3 billion voted. All of the Directors were returned with increased margins, endorsing the strategy of maintaining independence from BHP and Newcrest, (SolGolds two largest shareholders who opposed the re-election of directors and SolGolds standard UK financing resolutions), cutting costs and focussing on adding value to shareholders through exploration and discovery. The result assists in maintaining the premium for control of SolGold for all shareholders benefit. SolGold is currently well funded having recently raised US$86m and remains independent with one of the world’s most impressive undeveloped copper gold projects at Cascabel in Northern Ecuador, in a macro economic environment that will in DGRs view see a very substantial paradigm shift in copper demand and prices, further enhancing the value of Cascabel and SolGold generally.”
Don’t sell cheap
Security of investment
Stability of mining law
Income tax rate of 20%
Exemption from capital outflow tax
Exemption from import duties
International arbitration protection
Pity!
FTJNY see my previous post. Disapplying preemption rights can only be approved by special resolution which requires 75% shareholder approval. It's prescribed in the Companies Act and it's not possible for Solg to change that.
Orthern, the law that you are unaware of is the Companies Act 2006.
that last year the board withdrew the resolutions on pre-emptive rights as it was obvious they were never going to hit the high threshold required to pass the resolutions. So forward a year and have they withdrawn the same resolutions? NO! Hmmm now what might that mean either in terms of the original threshold to pass these resolutions or perhaps they will just go with a simple 50+ for vote? Hey if they want to move the goalposts to stop the likes of BHP gaining control of Solg I'm all for that and if that means scr£w corporate governance then so let it be!
That is exactly what I’m saying yes DG1.
There is no law that I am aware of that means any AGM resolution is legally binding.
I do expect them to fudge on the voting outcomes if Mather didn’t quite make it. it would fit in with many complaints over the last few years of our boards questionable corporate governance.
We should find out tomorrow..
I followed recommendations here to vote for all resolutions. I did but I wonder whether i was right. So tiring all this, when guys are getting huge salaries (no envy) and delivering nothing (destroying everything).
As far as I'm aware the last time BHP and NCM sought to have Nick removed as a director, they failed but achieved his resignation as CEO. The last time the votes were held on a 'disruptive' basis, BHP and Newcrest plus Blackrock held over 32%. Throw in the likelihood that CGP voted with them too and that's nearer 39% in total and Nick still survived that one.
So based on the known facts that CGP and Norges voted for Nick, that's at least 10% swing in favour of Nick being retained. Blackrock as we know have dropped below 4%. So that's another 1% gone.
Then you can throw in another 6.3% of chinese votes that were not there last time around.
Seriously guys what planet are you lot on??? You have a benchmark from the last time BHP tried this. You know that Nick has secured more than a 17% swing in his favour since then. There's no way PI's voted to oust him and likely voted as they did before.
So based on Chinese, Norges and CGP all known to vote for Nick... I think we can safely say that you are worrying about nothing and it is about as close to be close as Harry and Megan are to being brought back into Royal duties.
Sort it out!
Did warn you novice at 37p but you wouldn't listen.
Merry Xmas
:)
Cheers Novice, appreciate it mate.
It’s been a tough hold this year - no reason why next year needs to be more of the same though.
Maxit / Sangha / Irwin - all want this sold and done and dusted with now (in my opinion - before I encounter the rath of those with differing opinions)
If Jiangxi are going to make a move I doubt the results of todays AGM is gonna stop them.
Would BHP/Newcrest be able to appoint their own people and scupper the merger before the vote on the 9th - I don’t think so but I’d feel more comfortable if I knew that for sure.
16p is **** ….lower obviously worse. But surely just a sweep with the RNS pen stating we are up for sale could correct in part our SP and maybe put it in a range where a 30/40% premium on top would start to look half reasonable
I’ve no idea if BHP really have desires on us - let’s get Jiangxi or whoever to move and test BHP …..then finally we can all move on.
No more smoke and mirrors from the old team - it’s bobs bat I want to see swinging
Just my opinion but Nick has been steering this ship for a while now. He has his own interests (and ours by default) at heart and has seemingly kept us out of the clutches of the likes of BHP thus far.
Some see it differently but at least the likes of Add and RK get it ….. would you really rather end up in the same boat as GGP ?
Irwin , Singh , Sangha & Mather get it …. Time to wake up or bail !
Apologies DG but so much trash posting going on over the last few weeks that I thought I'd try some good old aversion therapy. I'll be honest the last 3 months price action has been difficult to stomach and looking like an all year low for the Xmas and new year period when we know the price will be fairly static from the closing price tomorrow lunchtime to Jan 3rd.
Not really sure there's much to really debate anymore after 6 years of going around the houses and TBH did not think this would still be around in 2023 ! Let's hope 2023 is a transformational year as every week that passes another little duck joins the line :)) surely 2023 will be our year no ???
Rewarded typo apols
Decent size cucumber that one novice ,only had about 12 inch in my allotment this year and hey ho they only just finished growing ,strange weather strange times but you know what better my challenge was to keep going till the plant finally died so stuck to it my friend here you will be rewared
Orthern,
This post of yours was interesting to me - are you saying even if Nick didn’t win his vote he could still hold the position - as it’s only advisory that further action is taken ?
Would that be the same for Caldwell and Others ?
You may be right DBW,
But my guess is it won’t - it’ll just contain the results.
The votes given at the meeting today were not the final votes - final votes come from ‘Computershare’ and they won’t have got them all until a while after the AGM - maybe due to the lateness of full results caused the missed RNS - I’m not sure they can RNS after 6pm
So my theory is - the delayed RNS is not due to them scrambling in terms of what commentary to put in it - but merely as they didn’t have the final votes
Novice, your a good guy and I know for so long you (tongue in cheek) used to use the 55p by Friday quip.
Indeed it brought a smile to my face every now and then.
You’ve now done this flip and are stating 8p and doom and gloom - my thinking is this is also of course tongue in cheek and the flip has been brought about after us all being somewhat beat down with this share….
Could I kindly request you go easy with the downbeat stuff though - I’m struggling with this stock right now and would just love to see the board debating the issues facing us rather than the somewhat unnerving change in character
Only a request - appreciate it’s an open board