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"You're guessing again Fort and way off the mark..."
I think you forgot to add... "in your opinion."
You really do need to stop this apparent inside knowledge stuff redknight. One mans guess is another mans guess. That's all we can do as no one knows what went on with the 'testing the market' situation.
Good night...
You're guessing again Fort and way off the mark...
"The exclusion from the top tier?"
Doesn't make sense. She made that choice when she took the job
If you go back to the last AGM where BHP and NCM were known to try and influence the BoD's and were actively seeking many to be removed, the likes of Mather, Jason and others survived by a minor amount of votes.
Here we are today and all those that were close to being voted off the board have indeed resigned or walked away or been booted. One remains.... Nick Mather.
Liam survived but was also under fire.
I wonder whether the funding deal planned or that tested the market met with some requirements like ... Ward has to go... Marshal has to go... eg we need to see the board refreshed (as per the BHP and NCM age attempt).
Now that's done, are we about to see the same 'test the market' approach but with certain requirements ticked off?
But that wasn't exactly a shock was it? Pretty sure a seasoned CFO knows what they're getting in for when they sign an employment contract, and didn't simply turn up to work this week and go "oh wait, I'm not getting a board seat...?"
I must admit I had assumed Ayten was a board director as CFO's normally are (but not always).
Just for clarification, Ayten was part of the management team along with the likes of Botts, Taunton and Fawzi.
Therefore, there was clearly no major 'director' awards to come Ayten's way. Furthermore, Jason Ward resigned as a 'director' on 13th May so was already moving away from SOLG.
On 14th July, Botts, loyer and Ghandi were appointed to the management team.
7 directors remain and the swing voter or 7th person is Liam Twigger the chairman.
So in summary, there have been some significant moves across the BoD's and management and technical teams over last 4 months.
So hopefully that answers some posters concerns on why Ayten might walk away. She was never inline for any major rewards. She was not a director. She was not on the board. Perhaps that annoyed her? The exclusion from the top tier?
Quady?
It's a narcissist.
https://latam-investor.com/2022/08/cornerstone-capital-resources/
“There are simply not enough copper projects in the development pipelines of major mining companies to meet the anticipated demand for electric vehicles and low-carbon electrical infrastructure by 2030-2050, and underinvestment by the majors in early-stage copper exploration means to maintain their production profiles and market valuations they will need to buy reserves – by acquiring juniors like Cornerstone and SolGold – to replace reserve depletion, so we anticipate a frenzy of M&A activity for existing copper projects like Cascabel as well as companies willing to fund drilling in potentially large porphyry system environments in good jurisdictions like Ecuador.”
Try standing on your own 2 feet without needing this board to hold your little hand slug.
You're acting like an unwanted squatter slug, admin don't want you on their site. If you're so confident why the desperate need for approval? If this is your idea of acting like a man you've lost the plot you gutless wonder.
Filtered...didn't even bother to read it...you're far too clever for me...
You know what...this is my day job...this is where I apply my accumulated experience to try and make money for myself and my wife.
I come on here because there are always people wiser than me, but also who share facts and/or opinions that help me to make my own decisions.
I've been fortunate that since my retirement my wife and I have made enough money out of SOLG and ATYM to never worry again and drive a nice car. I don't live in a mansion, just a terraced house...we have sufficient to be happy and, apart from my prostate problem we are both very healthy.
There are seriously good people on therefrom whom I draw and learn and there are many others who are genuinely grateful for any help and guidance they derive from sensible posters.
I share what I share not to brag but because I want others to be as successful and happy as we are. I was devastated that people I knew lost money they couldn't afford to, including pensions and marriages on Sirius...
Of course I have always know that keyboard warriors would, for whatever reason, trash what I post and in general defame, undermine or belittle what I post. I don't lose sleep over them. I have at least 30 filtered.
I only post on a couple of there Boards here...ATYM and JAY occasionally. I openly share my investment decisions not to brag but so that those who are interested can get an insight. I don't expect them to slavishly follow.
I have a few close local friends who I also keep in the picture. They bought SOLG after I told them the story. I would never advise anyone on investments. I was paid to do that as a professional, but I strongly believe people should make their own minds up and that is the main reason why I post research and information that I come across.
Thank you to the good guys. You know who you are.
Thank you also to those who read and observe and occasionally post their thanks.
For those who routinely trash, insult, defame, etc. all I can say is I truly feel sorry for your family and friends...
Hiding behind a keyboard to anonymously bully people who are doing their best ranks as the lowest form of cowardice.
BTW I'm not angry. If I don't filter I often laugh out loud or simply find people's behaviour pathetic.
Thanks for reading. Lets hope we can soon make our fortune here and get the hell out of here...
Cheers
"Noront Resources Ltd. is a mineral exploration and development company."
Just like Solgold...
https://www.afr.com/street-talk/bhp-puts-large-scale-mining-m-and-a-back-on-the-map-20220808-p5b86e
"It’s game on in big mining M&A.
History says when one of the big miners starts opening the purse strings, the others cannot resist the temptation.
While BHP has work to do to acquire the OZ Minerals (which, to its credit, is playing hard to get), the talking point on trading desks on Monday was who would go next.
Consensus was that the big miners are arguably in their strongest financial position in nearly two decades, and would have investor permission not to waste it.
Activity, as BHP showed, is expected to centre on anything that can help future-proof of miners’ portfolio and fuel their longer-term shift into green metals required for EV batteries and electrification more generally. BHP obviously likes copper and nickel.....And the shopping list’s likely to be tier one assets in well-known mining jurisdictions."
https://apac.cib.natixis.com/m-a-pulse-in-apac-articles/focus-on/articles/6-trends-impacting-metals-mining-m-a-in-2022
"We expect competition for asset sale processes to remain very high in 2022, with multiple competing bidder groups with significant financial capacity and appetite for growth, together with a strong commodity pricing environment provides favourable market dynamics for sellers. There are some clear potential headwinds with global geopolitical uncertainty owing to the conflict occurring in Ukraine, and the legacy being left from the pandemic which looks to be heading for higher inflation and increasing interest rates across most jurisdictions. Notwithstanding these potential headwinds, we expect another very busy year of M&A across the global mining sector, following on from 2021 which where deal activity returned to pre-pandemic levels."
"China is often willing to make large investments in jurisdictions which may still be considered too risky for Western mining companies."
Jiangxi Copper Corporation owns Valuestone...
"Jiangxi Copper announced on September 22nd its intention to raise RMB 13.6 billion in funds, RMB 7.16 billion of which will be used in acquiring and developing overseas copper resources.
Jiangxi Copper will use RMB 2.5 billion to acquire two overseas mines in Peru and Afghanistan. "
So it has RMB 4.6 billion left...
https://stockhead.com.au/resources/why-copper-has-become-the-hot-ticket-in-mining-ma/
"But beyond all the noise, the message is clear. Companies like BHP are desperate for copper, and they’re willing to pay cash and make noise to do it."
"“We think it’s opportunistic at this time because of where the (OZ) share price is. But also, we’re a little bit perplexed why BHP didn’t take a bid when OZ Minerals was at $3, $6, $7, $15.
“BHP has obviously known about this for a while, but (it’s) also wanting to become more future focused with their metals (with) copper being a battery metal component. And that certainly looks like it’s something that will fit BHP’s wheelhouse at the moment.”
When you sell a CV for a job, and then fail to deliver.
You get moved on...
No big deal, onwards and up.
Pawns are disposable, in a game of chess!!
Imo
"The departures come only two weeks after the company unsuccessfully tested the market for an equity raise."
https://www.mining.com/solgold-reshuffles-c-suite-as-it-ramps-up-cascabel/
https://uk.advfn.com/stock-market/london/solgold-SOLG/takeover?xref=shareprice_takeover
Tinyray let’s get one thing straight nobody gives a **** about what you post here lolzzz
#Harmlessfool
This will deliver big time whether you trade or buy and accumulate simples!!!