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Morning David.
I agree with you sentiment, but surely all options (& now additional ones US IPO) are on the table.
- it's just been 20 days since PFS
- does this new appointment add further pressure to Majors to bid for Cascabel sooner rather than later?
-there is still the subject of the regionals (sell of or JV's).
Still all to play for IMO.............
Not sure I follow the strategic rationale of recruiting a CFO at this stage. if Solg receive an offer for the business, it could be one of the shortest appointments in corporate history.
There is no chance of Solg raising the huge amount of money they need for production. The swift drop in the share price post PFS makes a capital raise so much more challenging.
I believe a sale of the company or Cascabel at the very least is the only way forward now. The poor share price plays into the hands of potential bidders who can just sit on the sidelines.
As an investor since 2010, this is not at all what I had hoped. I, like many others here, thought the PFS was encouraging. I didn’t expect the company to be entering the remainder of the year on the back foot.
Exciting times ahead in that case CD
The Board of Directors of SolGold (LSE & TSX: SOLG) is pleased to announce the appointment of Ayten Saridas to the position of Group Chief Financial Officer (“CFO”) of SolGold.
Ms. Saridas, who will assume her new role on June 27, brings over 30 years of international corporate finance experience with a proven track record in delivering results and creating value. Ayten is a high-impact executive who brings a compelling blend of strategic and capital allocation discipline, well-honed finance skills, and transformational leadership abilities.
Ms. Saridas previously held the position of Group CFO for ASX listed and US based Coronado Global Resources where she led the company through the largest global IPO for a metallurgical coal company in 2018. Prior to this Ms. Saridas held a number of CFO and executive roles with major ASX listed companies across the energy, resources and infrastructure sectors, including Santos, AWE Limited and Woolworths.
With demonstrated experience in raising capital for major projects, financial reporting, mergers and acquisitions, sustainability reporting and investor relations, Ms. Saridas brings a wealth of financial and commercial experience to the SolGold team.
Darryl Cuzzubbo, SolGold Managing Director and Chief Executive Officer said: “On behalf of the Board, I am delighted to welcome Ayten as CFO of SolGold. Ayten brings extensive international experience funding capital intensive and complex industries and is also recognised as a proven listed CFO with outstanding integrity and commitment to strong governance. Her strategic insights, leadership and experience will greatly assist SolGold to realise its full potential as an organisation that enables Ecuador to supply the copper crucial for a net zero emissions future.”
Incoming CFO Ayten Saridas said: “It is a privilege to join SolGold at such a crucial time in its journey. SolGold has a tier one asset with global significance and I look forward to working together with Darryl and the Board in delivering on the company’s growth plans and reaching the next critical milestone.”
Mr. Ingo Hofmaier will continue in his role as interim CFO until Ms. Saridas’s appointment and will remain as Executive General Manager, Project and Corporate Finance of SolGold. We are very grateful to Ingo for stepping into the role and thank him for his hard work, commitment and dedication over the last 18 months.
By order of the Board
Dennis Wilkins
Company Secretary
Lolzzz it's the self appreciation society, at least they've found each other
Morning novice I've just noticed the green posters lol it does make me laugh !!:):):),here's to a good day all
Wow 2 people who will be posting to themselves and ticking each over up all night . Who'd have thought the human race would have come to this lolzzz goodnight darlings xxx
Buddy, I don't take any of them seriously, they just like to believe they're the 'experts' even though they never call anything right and slug included...
Anon you will sell if it gets back to 40p and you know full well what will happen or that is what most of us who have accumulated extremely healthy volumes over the years will always be thinking and therein lies the problem we are all slaves to the fear of missing out when the bid finally comes. If the geopolitical situation has delayed the inevitable by 3 to 4 years then so be it. I personally have other stocks to move and shake with this one's a keeper. Had it long enough to know the nuances of the stock and am completely comfortable. Good luck all genuine holders. With 122 posts today I thought something important had happened but no just a couple of the usual suspects throwing hand grenades about lolzzz
have sold this at 40p.
The amount of times I've said, but haven't , because I think it's going to kick on is really annoying.
Next time I think I definitely will.
It's ok waiting for the big prize, but there are limits and I think I've hit mine here.
I just don't trust it to happen any more, I'm afraid.
To answer your question rich, I'm normally a long term holder in shares, and probably would've been here too, but was put off by some of the posters here like slug and novice and the general ganging up on posters who had alternative view.. so yes, I'm just trading this..
Pad , excellent link /news indeed a multibagger in the making thanks for posting my friend let's us lths and newbies read the facts
Fair enough rich....
Ray you’ve done well in hindsight - but it doesn’t alter the fact that had a bid over 40p come in since the PFS, you’d have been out in the cold - particularly if the shares were suspended pending the bid analysis.
I get the feeling that you are a short term trader? If so that’s fine. But be clear about it and let’s not be having stuff from you about no bids for SolGold this year. Fair enough?
Anyway, enough from me for tonight. Let’s see something positive from the company soon please. And I’m not talking about multiple roadshow presentations - I’ve never really understood them for relatively longer-running small caps like solgold, because surely those that want/need to know about our resources already do so?
Who knows? Gla holders/buyers ;)
Good night guys
I have a long memory rich, and I told you my position was to sell out b4 the pfs lands. And I was spot on the money....
Please don’t respond to massive ray or anyone else seeking a lower share price, on Padmaster’s research header/topics. Because if the thread is removed by Admin, then so is Pad’s great research - just what the trolls want of course !
I can’t deny being pretty ….ed-off that the share price is back at 25p again after the great PFS. It’s simply ridiculous. Feels like the PFS didn’t actually happen! But the gloating trolls wouldn’t be gloating had a bid come in at a decent price since then!! Nobody but nobody knows as a private investor, whether a bid will or won’t arrive. Neither those in the no camp, or those in the yes camp (like me).
I keep the faith that something will soon give here, and a bidder or multiple bidders will buy my shares for £1+ :)
DBW, there's no rush to buy in here there just no appetite for it, so don't take your frustration out on me...
Cheers
You're not invested here Sean, so buy some shares...
Pad many thanks for your stellar research. Most refreshing !
The question is often asked (as it was today) why a major would want to bid for SolGold or at least a part of it, at this point in time, rather than waiting and letting SolGold take the strain. Well an answer might be that time is money. The majors / those seeking to acquire these precious assets have to balance waiting and waiting for SolGold to attempt to prove these up by themselves, or buying now and bringing things to production much quicker via their financial & operational muscle = monetisation much sooner for them. I guess it comes down to their view on how the market/demand for commodities will play out and the relevant timeframes.
Another interesting read for you.
https://www.spglobal.com/marketintelligence/en/news-insights/research/copper-in-initial-resources-hits-7-year-high
Now why wouldn’t a Major mining company want this beauty?
GLA
I see to be living in your head rent free these days Ray.
Come on, take the plunge and buy your first Solg share. You won't regret it, and as I've said before, you'll be very welcome as a new Solger.
RE: It has to be said..........20 Apr 2022 08:00
"I expect an open above 40p but no one able to buy for the first 10 minutes."
Posted by Sean... enough said ..
The sp does all the talking for me, and it's got lower to go...
Good night..
Stop the gaslighting Sean...