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But 11 (b) refers to the sale of shares held in treasury, which by definition are already in issue? Sorry if I'm being dim.
Bozi
The ones shouting loudest are the ones that need a quick fix ie an increase in the sp …….
You should only invest what you can afford to lose, however some ie red ramper are looking for a payout in retirement, no one and I mean no one in their right mind would advise investing in Solg to secure a retirement payout…….
That’s not to say that Solg will eventually see a decent return.
However poor red ramper is in at a much higher price so he may never see a return hence the fantasy figures he throws around despite his 🐂 💩
So have I BBG. Dont see there is a viable alternative to plan A. Monetise the asset asap.
Any motions voted down will probably cause the sp to weaken further and if some are voted down, the company will probably go into liquidation. IMO.
I should add, SOLG can see votes made (fairly swiftly due to the system in place) but votes can change. If you vote through your broker, check to see if you can change your vote at a later date but obviously before Dec 20th.
Some PI's could vote eveyrthing down and then change their minds in a few weeks if Scott or Maxit actually deliver something meaningful before the AGM.
They'll get the message sooner rather than later.
Yes, let's put an ESG consultant in charge of a mining company. What are you smoking Fort?
SM, because the shares are already in issue.
Yes, agree entirely. The only vote SOLG got from me was for Maria.
When Scott gets booted, they should make Maria CEO. She's more suited to the role than Scott who quite frankly is way out of his depth. He's better off in his boiler suit.
As an investor, I can only go on what the company give me.
Decimated share price
Absurd running costs
Yet more dilution
No value adding activities
Unacceptable lack of communication
Zero marketing or social media engagement
I was kind and abstained from voting Scott out but if he loses his post he needs to take a look at least at his comms because like all before him they are disgraceful
Caldwell has 19,407,244 more shares than redknight, Quady and NAL (combined).
I'd prefer to be guided by Caldwell than the parrots on this board...
Cheers add. Not sure I get why but I will trust your judgement!
SM, no.
Just reading through the specials. Does 11 (b) refer to the 157m(?) shares we hold? Do we need the special to pass to be able to sell these?
This board has always been fractious, but it's interesting to note how people who, broadly speaking, have been on the same side are now opposed to each other.
One group believes it understands the strategy Caldwell is pursuing and is prepared to support him, the other doesn't. This is not a criticism because I think it reflects on the corporate communications which leaves so much open to interpretation.
Those who support him feel he's taking logical steps to enhance the value of Cascabel and recognise this is not a quick process. The alternative view is that he's wasting time and shouldn't be allowed to continue in-post. The reason for our disagreement is that he hasn't made a crystal clear comment that he intends to sell either Cascabel, or the whole company, and he hasn't given us an unambiguous update on progress. But the fact remains that both sides on here want the same thing - to sell the asset, and yet we are at each other's throats.
So should he issue a clear notice of intent? From a traditional corporate finance point of view, probably not; the thinking being you don't want to reveal your hand in any negotiation. The counter-argument is that everyone away from this board already knows it's for sale, so an announcement is superfluous.
I'm of the opinion he probably should make a statement, but I wonder how the government would react, and if the company has judged it wouldn't be a good idea, we should respect their decision as they know what's going on and we don't.
So, it all comes down to communication and I can see how Caldwell, who I have no doubt is acting in our best interests, has decided it's not appropriate to come clean just yet. Everyone is free to vote as they wish, but I'd urge some careful thinking as it could lead to some very nasty consequences.
We had a very productive 12 months and the finish line is in sight.
Support the Board.
That sounds fair to me Gino.
Absolutely Bozi! I'm astounded that any PI with a SOLG shareholding could be thinking otherwise at this stage of the game!
Mind you I'm not voting to give them licence to issue confetti shares. I would need to know the purpose for the issue.
Fortissimo - not the first time they have pushed back an AGM. In 2021 it was moved back from 8th to 15th Dec (meeting notices all available on SEDAR).
That was the AGM Brian Moller was voted out, and James Ward was almost out too (c44%).
So perhaps, even with Clare and Twigger leaving, some directors are still at risk? Caldwell? Nick?
Whatever happens, I hope PIs know how valuable Maria Alban is. At least vs. her low salary. Relations with Ecuador Govt are key over next 6 months.
No Fort.
It's not going to be a nice AGM because plenty of PIs are going to put their egos before their brains and engage in a protest vote, despite it being quite possible that we could for example, secure our mining agreement by end of Q1 24, publish the phased development plan by end of Q2 24 and potentially have a value creating proposal on the table by end of Q3 24.
All timeframes are indicative and not quoted by the company.
Instead, let's can the CEO and the bankers engaged to conduct the strategic review, thus throwing the company strategy into complete chaos.
It will be the final act of self destruction from shareholders.
It amazes me people think there would be a long list of candidates willing to take over when the previous two CEOs had barely held the position for 12 months apiece. Delusions of grandeur.
As the man known as 'Chairman of the Board' (Frank Sinatra - if he was our Chairman I bet he would get things moving!) said - 'if it flies, floats or f**ks, just rent it!
Https://solgold.com.au/investors/
Bottom of the he page for anyone interested
"9 =10p average" remember according to your post.
Just a suggestion to average down.
Fort, can you remind me where I can see the AGM Agenda or has it not been released as yet? Not obvious on their Solgold Website? Set for the 20th December now, is it?
No need to buy anymore here tiny fully loaded and happy with my lot her tiny e.. you do you I’ll do me buddy
Not really sure what concern I am to you and not interested one iota in what you buy or sell buddy …
Have a great day 💋💋💋
We need something to get the majors moving. I’m still in positive territory despite having foolishly topped up at ever decreasing “bargain” prices.
Those who first came in at any of those “bargain” prices must be hurting. The share price reflects value, I and everyone else on here seem to be living on dreams that fly in the face of the facts. But I’ve stuck with this so far so fingers crossed again!
It's past your '9p' average novice you should top up soon to average down.
I'll be buying some.