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.........here in the NW. Hopefully the same further up the road for Sean & Red.
Another blue day with the SP would also be nice - 30p today?
I'd sent a note to Fawzi containing a few questions about recent developments and received the following answers:
A single employee appears to have been responsible for the fraud and has been dismissed from the company. I asked if he was being prosecuted and didn't receive an answer, merely that the company is in the process of retrieving the funds.
I asked if Jason's removal from the board was as a result of the misappropriation but was assured that it related to the fact the company feels it doesn't need two people on the board with a strong exploration background. I'm not sure which board member this refers to - Mather? (I'd have thought DC was more of a development man) If so it seems odd to give preference to a part time NED over a hands-on, full timer. I was not convinced by this answer.
I also asked why it had taken five months to inform shareholders of the discovery. Fawzi replied that they had appointed EY immediately and they've only just completed their investigation. Again, this doesn't really answer the question. You could take the view it's better to wait to have the answers before informing shareholders or, you could argue shareholders should be informed straightaway, which is what normally happens. Given the market appears to have shrugged the news off, I'd suggest it was perhaps the right approach.
Believe it or not bought vast at 0.63p watched it go down to i think 0.28p in a matter of days but sold early in it's 300% rise in one day for 0.92p ended the day at 2.2p so all in all okay I think you had some at 18p and sold for a small loss as for kefi underwater 23% but will come good I hope what I will say is you deserve a medal and huge gains here ps I do own GGP at 12.8p and haven't made an investment here yet !
"Remember... the market has a habit of doing the opposite. Ponder that one."
Exactly, hence why I sold out b4 the pfs landed...
I've noticed the colonel is behaving very childish today and over talking and sadly a lack of humility enjoy his input but not today solg will do whatever it's going to do as for petrofac just sold and extremely happy with my 6 week return
Via Minera
May 15, 2022.- At the end of the week it was learned that Jason Ward, a geologist with more than 25 years of experience and president of SolGold Ecuador, had submitted his resignation and that the company was in the final stages of hiring a new boss in the country.
Ward was also SolGold's head of Exploration and one of the professionals who led the team that, from 2012 to date, has been trying to carry out the Cascabel project in northern Ecuador.
Precisely for this project, SolGold presented its pre-feasibility study on April 20, a document long awaited by the local mining sector.
According to the report, the feasibility study would be presented in the middle of next year and if the assumptions of the operation came true, Cascabel could start producing approximately 210,000 tons of copper and 350,000 ounces of gold in 2029.
Ward's skills transcended the field of geology and were instrumental in making Cascabel now a project with a good chance of becoming a mine. He not only led the drilling of more than 300,000 meters in the northern part of the country, but he practically did it without the conflicts associated with mining activity appearing.
He managed to successfully manage teams that worked in very different, distant and challenging social, physical and geological terrains. He has worked in Australia, Japan, Fiji, Solomon Islands, New Caledonia, Oman, Switzerland, Peru, Laos, Papua New, Argentina, Chile, Brazil, Mexico and Ecuador.
Engineer Ward has a Bachelor of Applied Science, Geology and is a Fellow of the Australasian Institute of Mining and Metallurgy. He expresses himself fluently in Spanish.
In Ecuador, he promoted several initiatives for environmental protection and water care that allowed SolGold, as operator of the Cascabel project, to project an image of a company that respects nature, water resources and promotes community relations that promote the prosperity of families.
Jason Ward led the team that in 2019 planted a million trees in the direct and indirect area of ??influence of the project, that is, the parishes of La Carolina, Lita and their surroundings, with the aim of recovering the natural dynamics of the ecosystems disturbed.
MR, 'fantastic day so far'. Were you referring to your investment in POG? Or was it EUA? Let's hope so.
Hi guys left order with my stockbroker
To sell remaining 400k shares in auction. Good luck all
Novice has been suspended buddy for spreading lies on the poly board... hopefully he can spend his time doing something productive
… so tell us all your banned usernames including 6 years ago Buddy and the reasons for being banned so many times.
We’re all eagerly waiting Buddy.
but for a small fee/ handshake he cud keep them informed with all sensitive info prior to bid being made for a guaranteed
job at the end of it? unfortunately thats the way the world is run these days! you scratch my back
Never sold at 25p mainly bought 17p sold 30p
been jobbing for almost 3 years , worst trade was a sell of 900k at 11,85p
still made money overall, wish I had sold every time we hit 39p on hindsight !
Getting bored now and reckon the new CEO is a tool to keep SP low for BHP bid?
really hope I am wrong but got more pressing things in life, Good luck for the future I will be on offer in auction for the balance
Ohh nooooooooo Fruitbat.
But where is the Barrick bid you've been speaking of so fondly? I thought it was literally a couple of short weeks away?
Enjoy the fruits of your labour, pun intended.
Yes, fair point DBW - re the due diligence
Well guys sold 500k so far got another 400k to close today.wish you all the best! 55 on Wednesday so pulling some cash out to enjoy life.
Really hope you get your £1.50 may be back below 20p good luck all
Morning Pad
Seems like all the financial housekeeping and reshuffling must be for a reason. As someone pointed out to me earlier maybe the financial irregularities came to light during a due diligence process …… I guess it’s (as always) just a waiting game…. ATB DBW
Forgot to mention admin do us a favour:)
Fantastic day thus far...
Nice when a plan comes together, first sng and hopefully my other big pay day comes off...
Odd the sp is performing g so strongly this morning - perhaps this news indicates a shaking bout of the old guard prior to a major corporate event.
From the very rainy but bonny banks of Loch Lomnd this morning, hope red-light is getting better weather than me.
Sadly, there are people whose intentions are immoral, both within businesses and bulletin boards.
What has happened at Solg, does not change the rare, valuable tier 1 asset we have and an imminent takeover bid.
GLA
Morning all.
Novice is having a little break in the sunshine.
:)
RK, to be fair the company has made significant changes and it's to be hoped we can put all this stuff behind us. Having said that, it's now easy understand why our main shareholders wanted Mather to go - they quite obviously knew a great deal more than we did, unsurprisingly. And I'm sure they'll maintain the pressure in the light of recent developments.
Enjoy your cruise.
Agreed...and Moeller...Corporate Governance shambles...how can SOLG remain independent now...?
Anyhow...moored in Oban sound...off to Mull later...
Have a good week guys
Sad to say, the more time goes on, the more shambolic Nick's time as CEO appears.