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Addicknt fair comment there least you admit when you were wrong
Q, of course BHP were in a strong position if we went down the production route...we wouldn't be able to fund it and they'd stuff us. Exactly what I was warning against. I'm sorry, but the rest of your post makes no sense whatsoever.
“Sorry addicknt you have a habit of spinning things to pretend you didn't say something”
Lol the irony
Q, the one thing I will accept is that I voted against NM at the agm in 2020. This was entirely down to the fact he was pursuing a nonsense strategy, which of course he's now reversed. Therefore, he has my vote this time.
Sorry addicknt you have a habit of spinning things to pretend you didn't say something.
You just contradicted yourself again.
You said BHP was in a strong position if we adopted the production route.
So because you are voting you believe BHP are in a strong position and we are heading to production.
Otherwise your latest post make's no sense.
Lastly it was I that said we could defend against any low ball bid
It is me that has been correct and you have been proven wrong yet again.
And what do you think will happen to a company with no Biard of Directors...?
It'll get taken over by BHP for peanuts...
Numpty
copper, good man!
Q, I was waiting for you to say that. What your posts demonstrates is that you didn't understand what I was saying. The fact is I was warning people about the danger BHP posed, the error which was made in accepting their money and just how strong their position was as long as we pursued the production route. I have been proved to be absolutely correct.
You'll get there one day.
The important resolutions are the funding ones, if they pass then that means that Solgold can be funded without BHP / NCM creeping up the register and these are the resolutions that may trigger BHP to bid if passed. I voted for those, but refuse to vote for directors that in my opinion haven't performed their jobs properly.
Addicknt, I meant to say that a 180 degree about turn has happened with the company of late! I have voted yes on all resolutions. Now is not the time to rock the boat in my mind.
Addicknt yet again you have reversed your position for years you said BHP would just buy us and we could do nothing about it.
Now your saying vote to keep the present set-up to stop BHP acquiring us.
Makes no sense.
Besides we won't be issuing any more shares to BHP or NCM.
So don't understand how they are going to acquire a larger percentage without buying in the open market.
Lastly although we will have 86 million.
50 million of that is ring fenced to advance Alpala.
I'm certainly not voting against the board.
Its just completely true in my opinion that they have been largely responsible for value destruction as aposed to creation.
Hopefully they can't do any more harm from here on in.
It's just worth remembering and bearing in mind.
This became a personal project for Nick with ideas of grandure in his head not realistic value for shareholders.
100% behind the board, why would anyone who genuinely holds shares and wants any chance of a decent return do anything else …. ****ing stupid
copper, yesterday I asked you if you wanted BHP to screw us into the ground via the 'creeping takeover'. It appears you do. Another strange decision.
Turkey's voting for Christmas springs to mind!
For me a 180 has happened of late....now is "definitely" the time to back the board. Forget what has gone before (as bad as it was) and concentrate on the near term!
Beware of infiltrators! Each to their own as they say! Time to go and find something more interesting to do....it will be light soon ;-)
Sjn
Could not have put it better myself.
When you make a list of the incompetence, it really brings it home.
Interesting it gives more detail on the strategic review.
Which is to bring Alpala to production with hydroelectric to cut costs. Increase mine output etc.
I thought that the updated PFS would have given us that.
I don't see the difference.
Sjn1980
What are you hoping your voting strategy will achieve this late in the day, but to create further weakness?
What have the Cornerstone guys proved they can sell? Nothing from where I'm sat.
How do you expect Nick to be influential with his shareholding which is going to be subject to merger and capital raise dilution?
I feel you and your mates aren't fully thinking this one through, unless there's some connections to BHP that we don't know about...
sjn, erm...strange decision.Have you failed to notice the changes that have occurred on the board and, importantly, the complete shift in strategy which is moving us towards exactly what you/we want.
Well I have already voted my 4.9 mill SOLG shares. I voted against the remuneration report and against all incumbent directors but for everything else. The reality is that Solgold has been badly mismanaged by the BOD and as a result we have a share price in the doldrums and now a sale process from a position of weakness rather than strength. Reasons for voting against the current BOD.
Delayed / shelved feasibility studies / PEA's, Solgold can never seem to hit any targets that they set.
Fraud of around 5 mill lost somewhere in the Ecuadorian jungle.
Huge turn over of staff in key positions.
Many unfavorable articles in various media about staff departures and instability in the boardroom.
Bad relations with the major shareholders resulting failed funding efforts which depressed the shareprice.
Not going out for a fundraise earlier in the year when the share price was in the 30p range.
Putting a stop to regional exploration. This is the only thing that Solgold appear to be competent at.
Nick ****ing up the first PFS by making the block cave too ambitious that required an expensive and lengthy re design.
Wasting loads of royalty cash on studies and development concepts that a major would just tear up and start again on the false basis that Solgold could go it alone and become a BHP of Ecuador.....
Employing too many staff and having an excessive overhead.
Taking over a year for a French translation... not treating the shareholders seriously with announcements.
I could go on.
The current BOD do not deserve your votes as because of their actions it is likely that the assets get sold for less than what they are really worth. This sorry saga deserves to be put out of it's misery so we can all move on with other investments run by more competent managers. The cornerstone guys can get the thing sold and Nick can still be influential via his shareholding rather than being on the BOD. I have convinced other mates of mine that also have multi million shareholdings to vote the same way.
My 2c.
'a return to SolGold's core values of discovery and value addition'
Given that Mather was responsible for leading us away from these 'core values', the comment made me laugh.
btw, I've already voted my shares in favour of all resolutions.
"There is a risk that this may lead to a creeping takeover rather than a bid by which all shareholders will benefit."
This is a fascinating announcement. It's unprecedented and demonstrates just how seriously the threat of BHP/NCM is being taken.
The battle lines are clearly defined and we must stop BHP.
You'll wake up yourself BBG with your head in a bowl of cornflakes.
Not happening.