Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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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
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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)
Take a look at Keith pollocks LinkedIn CV he is a 1 to 2 year in and out job done kind of operator :))
Read between the lines
ONWARDS AND UPWARDS
Thanks pinotnoir
Morning pinot ,nice to hear from you let's get NM back as director
Morning all
https://www.mining.com/solgold-reshuffles-c-suite-as-it-ramps-up-cascabel/
Pinot
:0)
"SolGold overhauls management suite as Cascabel focus ramps up"
Can't access the full article but gather some in the city think it's a good thing to see the management overhaul.
Mmmm... like I said... who are we trying to please? Most of the old director and management crew are now gone. Just Mather and Twigger left I believe?
Thank you addicknt, as I thought that was the case but I was unsure. I agree about the consequences, but it's nice to know that we have options.
It does annoy me greatly that the company cannot seemingly execute on the royalty deal option because the two major shareholders object. They represent just 27%. The majority represent 73%. So why don't SOLG put it to an EGM??
Like I said a while ago, if NCM and BHP want to avoid royalty deal then stump up the $100m (if it is that amount) at 35p a share and that's fair. Trying to force a company to do a very dilutive cash raise is tantamount to an underhand takeover using undue influence.
If these two are the main issue then lets go out to Rio or Barrick and offer them a JV stake in ENSA for XXXX and then see what BHP and NCM do.
Knowing what Mather is like, he's going to have something like that up his sleeve I'm sure. There's no way he's going to allow a easy dilutive share placing to BHP and NCM. No way at all! He may as well put the business up for sale.... which is probably why you'll see a 'change in strategy very soon'!
Q, my understanding is yes we can. I suspect the potential consequences are what's deterring DC.
With the resolutions passed at the last AGM.
Can Solgold do another offtake agreement without putting it to the vote.
Just a technical question. Not interested if it's desirable or not. Can the BOD do it. Yes or no please.