Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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One of the problems with virtual AGMs and the various management presentations we've had is that the way the Q&A session is handled allows the board to escape effective scrutiny. The chairman can censor which questions they choose to answer and ignore anything which may be contentious. Similarly, the fact that once a question is answered there's no follow-up - if the answer is unsatisfactory, the team can simply move on. There's also the issue of the meetings being time limited - again this prevents many shareholders from asking the questions they have. To me, this is not shareholder democracy.
Given the various geographic locations it's not possible to have in-person meetings, so I would suggest the board should consider making the AGM 'interactive', in other words like a video conference. The chairman should have no forewarning of the question i.e we don't have to submit them first, and once it's been answered the shareholder should have to right to ask one follow-up question if she/he feels they've had an unsatisfactory reply.
I'm sure this must be technologically possible, but what do you people think? If there's a high level of support for this we should all contact the company and let them know. After all, they've been telling us how they want to improve shareholder communication.
Novice take a look at the amount of people who agree with me, when I regularly show you up for the fool you are.
Then maybe reconsider your constant need to reply to my every post with your silly schoolboy posts.
What a waste of a post and use of chatgpt 😉
Eloro. Now that you've had time to reflect on your
Child like emotional rant, I would like to respond to a couple of your ridiculous assumptions.
Firstly, you keep alluding to my background as some sort of criminal deported to australia. ( I will refrain from the graphic language you chose to use.).
Let me assure you, that once again your schoolboy assumptions are flawed.
My heritage and family history is not, I repeat not British.
Secondly, where you again make yourself look child like.
Australia has not done bad on the back of those British criminals.
Why do you think our immigration system is bulging with brits trying to get here.
Look around you. Potholes, rubbish stroon streets, health system collapsing, infrastructure collapsing, pumping million tones of raw sewage into rivers can't see a G P, overrun with immigrants, the list is endless.
So in future please engage your child like brain. Or stick to posting the thoughts of Warren irwin.
Hikes done, first nod to falls
Kapid. Not only did scotty say so. Adikt has also told us the same many times.
Over the years I've read posts from several clowns, telling us that mather and scotty boy read this board. And not only do they read the board, they actually base some of there decisions on the views of private investers.
After skipping through the hundred or so posts
on here yesterday,
I put it to you, if it is the case, and they do read and act on the posts on here.
It would explain why solg is up sh**t creek.
Eloro, what do you think irwin would make of it
Anon what the hell are you on about mate! The company is in the best position it has ever been in, Scotty said so. Just imagine where the share price would be if the company was in the worst position it had ever been in?
Anon, at least. There is a mountain rammed full of gold and copper and this clown world phase is surely nearing its end
Interest rates will be zero or negative by next autumn , some nations will go green out of desperation on national debt and others will flee to gold
Ignore current SP or top up, Scott and Maxit are in on the drop
Fort, there will be no bid beforehand.
Covgaz, I totally agree with you. Nothing will happen.
In which case, my 5p stands Fort.
Except I refuse to believe it will go that low.
It just can't.
So my final offer is 10p come the AGM.
I'm clueless. Just the same as everyone else.
I doubt anything will happen before the AGM and Scott will be voted back in , sp will be 8p.
Yes, you know my view on this, I think the risk for Scott and Maxit heading into the AGM with zero news to offer runs the risk of them losing control whether through Scott getting booted or other means.
They simply 'have' to announce something that will move the sp dial or it's toast time for Scott. You can't come in heralding massive positive change when price is 25p and then 12 months later post merger deliver zero and an sp of 9p.
They are not fools. They know ramifications of that.
One thing to consider is that BHP make low ball just before the AGM and that might be 30p a share. Now... in the event that SOLG have nothing to resposte with... how would many vote? Lets face it... if BHP want the asset, it's better to launch a bid when the sp is 9p as opposed to 29p.
I think there's a real chance there could be fireworks ahead of the AGM. More chance than there be absolutely nothing. So lets see how it pans out.
Not quite following you there? But think you are saying 10p early Dec? Correct?
That's quite a difference from your earlier post saying 5p?
Given the pattern, yes.
Do I actually think it will happen? No
But as I said, I'm not seeing what there is to change things.
More realistic guess? 10p. But I don't know why.
Your turn.
Anon, so you are predicting 5p heading into the Dec AGM?
Correct?
Fort, I know your position.
You think they're going to produce a rabbit to save their skins.
I don't see it, I really don't. Purely because I don't believe there is one to be pulled.
In which case, it's very worrying (or really good if you're like me and want to add as low as possible).
Given that I can see 7 coming up quite soon, it would have to be around 5p.
Wow, surely that can't happen?
Yet, I'll bet there were many who said not long ago, that if this hits 10p again, surely the bids will come flying in?
I suspect that Tex bloke (an alternate handle, without a doubt) actually is not far off the mark and if there were no buyers at 0% interest, there aren't going to be any now and it'll just be dragged out for longer and longer.
The board are now just relying on the big boys to keep them in for the stability, imo and whatever us pis think won't make a difference.
My guess is I'll still be here this time next year, saying the same old.
"Down another 4-5% tomorrow is my bet." You could be right on that one Anon. Tell you what... have a guess where the sp will be heading into Dec and the upcoming AGM.
Let me know what your prediction is on that one.
1984, a ten bagger?
That would be nice, but I've always had 56p in mind.
You know you just get a feeling? :-)
Fort, just because I don't post here every day (usually because I have nothing to say), it doesn't mean I don't look on here and think about it a lot. I've held here for 13 or is it 14 years now? I forget.
Anyway, here is my last top up here, taken off the transactions section of this very site;
SOLG.L 34829ebXXXXXXXX Buy 8.472 24,999 £10.59 £10.00 £2,138.51 24/10/2023
Not much conviction there, because I always had the feeling this was going lower, but it brought my average down a bit.
So I am willing to buy.
But not yet. Having taken everything you've said into account, I still feel absolutely no desire.
Down another 4-5% tomorrow is my bet.
"It's as I said, there's no reason to buy."
Anon, I think you need to stand back and take a look at things over the last few months and review the year. Then ask yourself the same question. All I ask is that you consider the following:
1. The Chinese took a 5% holding at around 16.5p.
2. Directors pitched their option awards at 17p.
3. The chinese bought up another 1% holding at levels around 18p.
4. Osisko chucked $50m at it. Franco chucked $100m. Between them they've effectively thrown cash into SOLG that would amount to close to half today's market cap.
In summary, you have an opportunity to buy at 9p or lower today. If you feel that's not worth the time or effort then that's you call.
But there are plenty others out there (many experts in their fields/sectors) spending multi millions on this at much much higher prices.
The market has a habit of making small pi's feel like there is 'no point' in holding. And just as you sell or decide to buy another stock... it takes off big time. Think about those poor investors in GGP that sold out at 5.8p thinking it's going no where fast after month and months of dark tough times... and then in 2 weeks it almost doubles.
As they say, they key to success in markets is based on risk vs reward. Buying at 9p certainly seems like a better reason to me than buying at 16p a few weeks or months later.
But each to their own. ATB.
It’s a ten bagger at these levels. Mark my words
DBW, I actually said 7 odd, but 7 wouldn't surprise me in the slightest. And lower.
It's as I said, there's no reason to buy.
Until we hear of that monetisation thing, which would see it jump very quickly.
It's very much all to play for at this price, imo, but buy at 8 and in my worst case scenario, you could soon be another 12% down.
I'm clinging to the fact that if there is a sale, it's a multi bagger at this price.
Sorry for the misunderstanding anon
I thought you were saying this was nailed on to hit 7p
That’s all I was questioning
DBW - if you had the pursestrings of a Jiangxi or BHP etc would you want to make an offer before SOLG secured significant mine build finance or after?
I know which I'd prefer.
I'd go as far as to say it could drive a wedge back between key stakeholders of the company, a wedge we hoped and believed was removed upon the merger.
Just how I see it.
"Anon if I were in a car and I were pretty certain it was going to crash I’d probably get out ….. strange investment strategy."
DBW, not if you knew that you'd escape at the end after months of recovery, hopefully in better shape.
Or maybe you're suggesting that as soon as any investment goes negative, I should sell?
I'm only guessing (with some conviction) but anything can happen and I'm not going to lock in a loss now.
1984 agreed no one is more aligned with pi’s 300m shares ?