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Yes fully understand Sean.
I guess it's to be expected. Positivity and negativity does tend to swing on whether you are invested or not. Have you thought of shorting SOLG?? If you are convinced of the impending doom (really convinced) then take out 'trade' that rewards you should it go to your single digit price.
My guess is that the likes of Norges and co will burn your short for sure. But would be good to see some put some money behind their negativity rather than just posting the stuff on BB's.
Good morning seanhunter, okay we had a surprise yesterday. It's still got to play out.
But the one thing that should be clear to even to the hardest of heads.
Is that no one is talking about a bid . ( They never were ).
What we are talking about is the next phase which is the DFS.
Forget ColonelDrake as he has called everything wrong on this share and he is still talking about a bid.
Anyone got any ideas on the next fund raise and the finance of Alpala, because that's where we are going.
I see some have taken snippets from the article........
here's some more on Ayten..........
The loss of Ms Saridas is a more significant blow to the company, given the fanfare around the appointment of the experienced finance executive on her recruitment in May.
Her departure comes only weeks after SolGold shares tumbled in the wake of a failed capital raising. SolGold has about $25m in the bank, Mr Cuzzubbo said last week, enough to fund its operations until the end of the year.
Ms Saridas will be replaced on an interim basis by former Newcastle Coal Infrastructure Group chief financial officer Keith Pollocks, who is believed to be one of the unsuccessful candidates during the company’s previous search for a finance boss.
It is the second time in two years that Ms Saridas has left a senior executive role within months of starting her new job.
She quit as the Oil Search chief executive in late 2020 after only three months at the oil and gas major, and last year launched legal action against the company amid claims of bullying by former chief executive Kieran Wulff.
Unfortunately I believe you're going to be proven right Sean, and then it's tin hat time.
Gl
Fort you were happy enough with my posts when I was excited about an incoming bid. Unfortunately, I tell it like it is, or at least how I feel it is. Been invested here since 2016, been trading since 2018, always have a stake in here for the endgame, which I wrongly though was coming this summer.
Wish I could be more positive mate, but I sense a coming disaster for all the same reasons Quady thinks we are entering a golden age.
Deeply frustrated we are becalmed in the low 20s but more frightened of where the BoD is about to take us.
If that's not nice to read either chuck my opinion on the pile along with all the wildly positive ones, or filter me.
Signed a cooperation agreement didn't they? I guess that's them gagged until a deal is done as no way CGP would sign up to an agreement to work together with SOLG if they didn't see a monetisation on the way.
Irwin's not had a word to say since that RNS dropped.
Cheers sean
Might even stump up the $2 subs what the heck as i think there a gazebo (DC) or as some call him Timmy Mallet....interview on there also......
ta
r's
bn.c
Sean, give it a rest...and what's with the 'we'. You are not an investor here. That's blatantly apparent by your negative campaign posting of late.
It's a pony ten penny article. What's wrong??? SP not going to your single digits fast enough for you??
Unfortunately there's a paywall, but the jist is obvious. Not used to seeing overtly negative coverage in the press about us; we are described as being in "turmoil", which is odd given the high spirits of 2 months ago. Maybe slow motion turmoil would be a better description.
Sure BNC, I'll post a shorter link - the article is on this page:
https://www.theaustralian.com.au/business/mining-energy
Sean
Have I missed something or are they very quiet?
Bozi, they've swallowed the PR line.
Only obvious to a few here bozi and certainly far from a strong buy at the moment.
Let's see.
The media seems to be taking a very strange view about these management changes.
Changing a CFO after 6 weeks will not restore investor confidence in any way, shape or form.
I'm of the view that the fundraise was equity based and that Mather stopped it at the last minute. This led to Ayten's credibility and relationships with the market taking a hit, which she was not willing to stand for.
ur not the only one Pinot- trust me!
Article, unsure if this has been posted, seems to suggest failed fund raise was only existing shareholders. I am beginning to think we are going to maybe look at another offtake agreement. Possibly to complete DFS and BFS.
https://www.thearmchairtrader.com/solgold-management-changes-restore-investor-confidence/
Now were's that grumpy Zoros, he normally appears when i do...lol
Only joking Z..
Pinot
:0)
Yes am good pinot hope your well indeed he did keep lights on
Good Morning Bnc...you're welcome, but of course..
I've been doing a lot of eye rolling here lately....lol
Pinot
:0)
Yep pinot
In fact, NM never failed to get a fund raise away even in the bleakest times of the commods bear market - SLOG still got fund raising sorted for Alpala / Cascabel...............go figure!!!
R's
BN.c
Mornin pingu
Thanks for the link
& nice to see you....................
psssst - can I get an eye roll for old times sakes lols ;o[
bn.c
Sorry seems to me to be another question.
Can we find out the details of the failed fund raise.
My thinking is we asked for a premium to the current share price. Like the 46 pence raise.
Maybe that's why it failed.
If we can find out then, we can discuss the next steps for a successful fund raise.
Morning Mathersfinger...you're very welcome
Pinot
:0)
Morning cc hope you're well, i'm still lurking in the background..
I bet NM would love to be back at the helm ..he did help keep the lights for quite a few years....
Pinot
:0)