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Irwin has been right pretty much all along the way.
SOLG to be SOLD.
There's too many money men behind CGP, Maxit, Tenstar Mather and so on. They know they have interested parties. I am beginning to get the feeling that we might already have a buyer sorted. Just wondering if that's Mitsui or someone completely different like Fortescue.
Fortissimo
Totally agree …. He’s coming home
Sharket…. Good news in my opinion…. Clearly wasn’t on the same page
Thanks fort for restating what I just said...
We open in a few minutes time, I have this feeling that we are going to close up today.
I just think this so left field, somebody knows what's happening.
Bloody hell!
addicknt,
I was referring to my post yesterday where I mentioned Twigger being named on RNS's and not Darryl eg... have you worked it out yet??
I know you have been on same page regarding a sale and not production ambitions. But like you and many others, it was a necessary backdrop and Darryl added credibility to that. But if you are not going to production then you don't need Darryl. Today's news confirms that a sale is preferred option and Irwin's tweet pretty much nails it. Not that it's a surprise at all. It's what many of us have wanted for a while now.
It's coming and now we can watch the super majors out there scramble over a fab folio and Tier 1 project. They all want it but the starter gun has to be fired first.
Not sure if Mitsui have firepower to buy it outright but still think they are in the mix here and not out of it by any means.
Exciting times ahead.
Lolzzz... not even a full year
Darryl Cuzzubbo said "I am honoured to lead SolGold at such an exciting time. As the globe transitions to net zero emissions, it requires organisations like SolGold to meet the increasing shortfall in copper demand. To have identified such an extraordinary deposit at Cascabel and be currently making numerous exciting additional discoveries throughout Ecuador is a tribute to the organisation's exploration team and past leadership. I look forward to working with the Board, Executive team and Investors as we progress through the next phase to unlock the incredible potential of SolGold for all stakeholders."
Liam Twigger, Chairman of SolGold said "I am delighted to welcome Darryl as CEO of SolGold following an extensive global search where we were fortunate to be able to consider several high calibre candidates. On behalf of the Board, I am confident that Darryl with his deep commercial, operations and project delivery experience is the best person to lead this organization forward in order to realise the best potential of SolGold.
I am in agreement with SharketMare, the one thing this indicates is we are not going to be sold.
If that was happening DC would not step down while any cooperate activity was taking place.
Also looks like he was pushed as addicknt has said.
So we have some disagreement within the company.
Just what are they disagreeing about?
Ah yes you're right, I thought I read resigned in the RNS but clearly he has been sacked. Can't say I'll miss him.
Perfectly happy to see SOLG sold just get on with it please. If nothing else I can recover some profits and walk away from this comments board!
This is a tad unsettling but maybe now we know in which direction SOLG is going?
I am in agreement with you addicknt, if he wasn't pushed we would have had a more orderly transition.
"There is no way DC ups and leaves if a serious pay day was imminent."
You make it sound like he ha da choice lol! Think you need to rethink. How about the merger brings new management and like all mergers.... change happens. He got the boot you lemon!
And we all thought the conservative party were a joke Lolzzz !
SM, I don't believe it was his decision...he was pushed.
ColonelDrake you did not get it right I just checked your posts.
You said Darryl would walk after delivering the strategic review.
The strategic review has not been delivered.
Something else is happening here.
Problem is you are all over the place depending if you're holding or not.
Please don't pretend you have got anything right because you haven't.
Now anybody got any sensible comments, they would be appreciated by one and all.
I was pondering this late last night: whether we are are currently invested in a de facto Mather-run company or whether Darryl was some sort of strategic genius. I thought it was a little odd he sought to take little to no credit personally for the merger - a masterstroke from out of nowhere. Perhaps today we have our answer.
One thing I think this does show though, is that we are going to be waiting several months before any meaningful corporate action. There is no way DC ups and leaves if a serious pay day was imminent.
red,
Darryl went as he became redundant the minute CGP and SOLG merged with intention to sell out. The strategic review is underway and I suspect it became pretty obvious on the direction. Darryl is not going to sit around and twiddle thumbs while Mather and CGP run the show. He had to go because his ability to do the job became impossible.
Moreover, he's experience in delivering large projects through to development clearly not required anymore! That's the message that the market has wanted for yonks.
SOLG are not going to production... what a surprise. ...
RK, eh?! What on earth are you talking about? I've been banging the same drum as you for a very long time. In fact, I've been considerably more consistent than you in my opinion.
addickt you're a good bloke and I'll miss you but cant you see what's blindingly obvious?
Irwin can...
Mather back after agm?
Thanks Fort, I read back on your posts and you did indeed call it on 1st November
Fort, sometimes I think you assume I'm advocating production. Surely after all this time you've worked out where I sit on all of this?
Sire not site