The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Why are peopke listening to him just filter him so he talks to himself
Maybe the same interview rehashed ?
Can’t translate ….. in car
https://www.eluniverso.com/noticias/economia/andrew-taunton-de-solgold-cascabel-proyecto-minero-en-top-20-de-la-region-requerira-2700-millones-para-construccion-de-mina-nota/?outputType=amp
Buddy you do have a point I believe about relative values. As we know in Oz it is common for FIFO workers with fairly standard trade qualifications to earn $250 k and above due to remoteness of location and scarcity of skilled labour. The numbers go up from there for engineers / geologists. If Nick Mather is spending time in Ecuador having input into exploration the larger numbers don’t come as a surprise. I don’t know what he is actually doing but he is in an awkward position. The real anchor on the share price I believe are the significant shareholdings of BHP and Newcrest. If a large outsider gets involved the price will take off but we have been circling around that topic for years (literally) now. Hope it happens before I get too much older. GLA
buddy, what on earth does the average wage in Perth have to do with the remuneration of a non-exec of a London listed firm? And since I was merely quoting the facts as stated in the annual Report and Accounts you may wish to reconsider your post.
Thanks for that clarification LunchMoney. Not sure what 'non executive director' or 'independent director' or 'non-independent director' actually means and I suggest, am not the only one. I thought I had explained that none of the 60p options allocated to Mather were exercised.....my poor writing ability. Anyway, will do some research as to what the above mentioned terms actually mean. Would appreciate if someone much more knowledgeable that me might give their insights as well.
lets put this $100,000 for Chairman in 2021 to bed. Mather was in that position for 8-9 months and was paid $827K, as per annual report. The Chairman who was acting in that position for perhaps 3-4 months got paid the $100.000. He would only have received this pay when he was appointed to the position and not backdated to when Mather actually resigned. The SOLG chairman position for a whole year would have been paid roughly 4 times plus X $100k.....Mather was being paid substantially higher than his other directors year after year. Remember in one year alone it was well over $3millionUS. This was not his only job/position where he was paid collectively an additional $6-800,000 so at best his chairmanship was only for part time work he performed. That's not bad payment on what he achieved for SOLG shareholders over the last decade or two.
Addicknt and LunchMoney: Have reviewed Notes 5, 23 and 26 from 2021 Annual Report and will confirm that Mather/Samuals Investment PL received $400,162 in 2020. In 2021 he received a total $827, 380 which included an additional $427k severance payout when he resigned and became an independent director. Substantially well over chairman's $100k pay in 2021...taking that we only had an acting chairman after Mather's resignation. Mather was awarded some 31,250,00 60 p options due to expire in 2020 and 2021 which have not been exercised (5,000,000 from a loan from company). Nothing has been released from company or Board as to who will receive the additional 25-35 options which expire in 2023/24. Believe a large portion will be allotted to BHP .... but not sure. Remember that only a few years earlier Mather was granted $3,000,000 worth of shares for at least one year but that could have carried over to a second year......not sure. His pay increased from $350k to $400k and then to $600k per year (paid as CEO/Chairman for 8-9 months before resignation plus severance pay making total $827k). Average pays for other Directors of Board were Moller ($72k), Claire ($62k) Twigger ($93k). Newly appointed directors during financial year were more or less similar.
My question is the same. What can we expect Mather will receive now...suggest well less than $100k p/a but with this fellow I don't for a moment he will. I agree with Redknight1 that he is certainly not an independent director and like Buddy5 I think Mather should be scrutinized and ,imho removed all together. From memory no vote was taken concerning Mather's directorship at last year's AGM. He didn't have the guts to do so. 2022 will be different! Suggest all posters/shareholders at least on this forum have a look at the way DGR (8.9% interest held in SOLG) and it's daughter companies (refer hotcopper forum) which Mather has total control of and again paid substantially per year, are fairing. Most have a share value of under 1 cps (Aus$) and some are down to 0.001cps. Unbelievable that Mather is allowed to be a director/CEO or Chairman of any company. One that long term shareholders of SOLG have paid dearly while day traders have been able to feast.
Agree Addicknt. Which imo makes it far more likely there will be a deal. Not so many people to have a chat with to get a nice chunk. Some are in it for the money, some for the asset, which just leaves the price as the unknown in the equation.
Oh, plus time of course...
Indeed, Jerry, which explains why the company spends so much time doing road shows in the hope of diversifying the Register. Thus far we've got Norges (v.good), some Chinese fellas (hmm) and an outfit based just off the Kings Road - assuming they're still holding. What these presentations haven't achieved is a truly diverse share register. In fact, the share concentration for a company of this market cap is remarkably tight.
Plus of course the obvious point that its not diverse at all.
BM, the chairman was paid $100k in 2021, the other non-execs were around $60k. It would be outrageous if NM received more than the chairman, regardless of which committees he sits on.
There is no way Mather can be described as an 'Independent Director'...as he has influence over 20% of the shares...
And he's not an Executive Director either...he's an anomaly...a relic of his former fiefdom...which is why he needs a bid because otherwise he's toast in December...
Remember addickt...his career hit the lofty heights of trainee actuary...and they know everything...
We know when he became an independent director of SOLG, after resigning as CEO, his pay was around the $460,000 mark and then he was given another $475,000 because ........some have said by way of contractual arrangement. Nothing has been released on how much he is being paid for being an independent director. Does anyone know or have a thought as to what he will be paid? Will it be in the hundreds of thousands of dollars/pounds on an annual basis? Yes I understand that since his resignation as CEO and then appointment as an independent director, he was on at least two significant committees.......one of three selecting his replacement and the second..... to give direction for the future (?????)....or whatever it was. So no doubt he will, with the support of his fellow board members, demand (sorry meant will be fairly compensated) with many hundreds of thousands more than that expected by a simple independent director might expect. I am sure he will have made suitable arrangements!!!!!!!!!!!!!
Q, "A diverse Register used to be called a Diverse Book"...it did not in the world I used to work.
Along with a company's broker, one of our task as advisor was to keep a close eye on the Share Register, which in those days was done by talking to the Registrars or the company itself. Never once did I hear it being referred to as a "Book". Of course, I bow to your superior knowledge and next time I meet some of my ex-colleagues I'll point out the error of our ways.
Will buy @25p Sean and will post my buy before it arrives as well as my sell shortly thereafter...hope this gives you the needed confirmation you seek...
Have a nice day.
But I never trolled the board Sean, my main gripe was waiting for the pfs to make an informed decision and I was right.... I'm sure there's a few that saved themselves some lolly.... I even told novice I would copy and paste my advice to him after the pfs lands... was obvious to me, unfortunately you had your blinkers on..
I expect everyone already knows you are only here trolling this board Ray because of a fight you have with novicehunter on the POLY board. If anyone didn't know that, they know it now. You will continue to claim you will buy in at about 3p below whatever the current price is, then you will disappear when the price goes up. It's a bit of fun for you, I get it. But buddy/slug clearly doesn't sleep. In the post midnight hours of Sunday morning he was actually on here arguing with himself. Admin delete about 60% of his posts so what you see in the daylight is the tip of the iceberg.
Surprised you never included me as a deramper Sean..
I agree that raising rates could be suicidal given that the US is already going into recession which will rapidly become stagflation...
The Fed inflated its balance sheet to $9 TRILLION during COVID and although they start QT soon, first at $45 billion rising to $90 billion, there is a gathering tsunami of corporate debt maturities coming down the track...The 2 year yield and 10 year have already bounced to c3% while the Fed is at 0.75%...
The market knows...
Warren Irvin has imparted Solgolds tactics
"@BDMinefinder Americans (SolGold) will do the right thing once all other available options have been exhausted... Winston Churchill. "
:)
Buddy, it's not that I disagree with the posts. I'm simply reacting to the fact that this board has been taken over by up to a half dozen NON-INVESTED losers like yourself, some with multiple profiles, some who have just joined yesterday to impart their "wisdom", others like Quady who are desperate to show teacher they are the smartest in the class, and of course you, Slug, who are lonely, desperate for attention, and unable to shut up.
Were it just inadequate loonies (like we've had before) doing it out of boredom I could understand, but this is a definite development prior to a possible bid this summer. Extremely disruptive to this board and extremely chaotic and negative looking to any genuine new investor who might look in. As a non-investor you are not posting morning, noon and night on here for no reason. Nor are these new profiles joining us for no reason - first few posts are constructive, then bang, we have a new dancing partner for you.
Pity admin couldn't restrict posts to, say, 2 a day on here from each user. Then you couldn't flood the board with your desperation and attention seeking chatter. In the name of God man, stop bumping your gums for 10 minutes.
Well said Ortherncopper. Freedom of speech is a human right under United Nations legislation. We do not have to agree with everything that Slug, or anyone else, has to say. But it is their right to say it in just the same way as you and I have the right to counter those views.
Please not let this BB descend into another slanging match between a small number of posters. We are on the verge, hopefully, of some transformational news. Let’s embrace that if, and when it comes and debate SOLG and not posters with whom we disagree
Ortherncopper you are taken in by this individual, he has a basic trading knowledge. But we should all have that. I certainly do.
He doesn't even know the term diverse book.
Why ? Because everything is not on the internet.
A diverse share register used to be called the Diverse book.
So guessing he is younger than me, and because he can't find it on the internet he thinks he is right.
Apart from being a far right activist, he has not got one thing right about Solgold.