Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Seconded quady.
Good grief ColonelDrake still trying to spin this to his world view. The CFO would not go if a bid was coming as has just completed a package that would have given our CFO a big pay day.
So that's not the reason.
I believe we will continue to get RNS's over the next few weeks which as usual will be consistent with Solgold becoming a producer.
change in strategy as Ingo said.!!!
Or should I say disruptions? Looks like there has been a serious loyalty issue and possible change of intended operational direction? I imagine a drop in SP today?
In the meantime 21p on the cards
There mightnbe a bid this afternoon, for all you/we actually know.
The reality of working in Ecuador on a permanent basis is clearly having an effect on some and understandable as many were Oz based and relocating family etc not always ideal for all.
The CFO is an interesting one. Either she feels she 'hasn't' got the freedom that she feels she should have (eg Mather still running the show) or she realises or knows a bid is coming and it's pointless her being there.
Eitherway, it's looking more and more like a 'for sale' sign will be hoisted very soon imho I have a straneg feeling about this but actually think Mather and his buddies might be angling for this. Perhaps Mather knows that he has up to the AGM to get something sorted or he's toast. Most directors (of old) that were on the board are now gone.
One with a significant history at Bhp
Good morning Monte, I am unsure, but with Ingo going and the new CFO going in short succession, I would say that things are starting to move.
The one thing I would not say is that this is indicative of a bid. That would be crazy.
We have the PFS, next is the DFS, and we know that this will happen faster because of the way the PFS has been constructed. As one feeds into the other. I would guess that we may be looking at another offtake agreement to get us to DFS and BFS. But also that we may have news on partnership's with some of the other regionals.
Certainly a wake up RNS.
Reasons for the departures:
Marshall - cost saving.
Ward - fully understandable and who can blame him?
Saridas - the real mystery. Was she pushed due to unsuitability? Did she fall out over something to do with the failed fund raise? Or did she not like what she found?
Given that Ingo has also gone, her departure is even more surprising.
One thing that's abundantly clear - there's certainly no bid in the near future.
Remember 2 new Execs have joined the team - both Ecuadorian based.
I am surprised Saridas only lasted a couple of months.
Quady
What are your views on the CFO going after only a few months ?
'it is time to handover the reigns'. Illiterate or a deliberate faux pas
Ward's gone as well.
Feck me. It's either a purging or jumping ship...
We continue to make the necessary changes required to advance Cascabel.
Well what would I know...but if DC is as good as his history suggests, maybe we have to trust his strategy. No gain without pain?
"It's time someone woke our board up, the time for dreaming is long gone."
I'd say that includes many of the private investors.
Gl
Not good!
atg, as we all know, you wake up from a dream and realise it was just that...a dream. It's time someone woke our board up, the time for dreaming is long gone.
Seems to me it speaks volumes in that they're being pretty consistent in talking about going to production?
Is that what you mean?
darryl on a mission.
From today's RNS..
"The challenge, as with all similar projects, is turning an exploration dream into a mining reality."
Ouch, the comment speaks volumes as to what's happening behind the scenes. Not all is rosy.
Lmao
our CFO didn't last long did she? The board changes are very surprising, to say the least. Something is not right at the moment - a very unhappy ship.