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Really? SC has said nothing is happening on the DFS and we need those permits DFS, or no DFS.
Enough is enough. This company has become a lifestyle company with disappearing millions. They came, saw the gravy and all want their share. Scott is no different except he spoke too soon before he got a good picture of the gravy flowing in the trough. Snout firmly in, forget about the long suffering PIs. My no vote will count to break a tie. Even Warren Irwin has become disillusioned and stated that he is not seeing the demand to match the copper deficit mantra. Not long to go for the AGM.
Is the Board trying to pull the wool over us small s/h eyes....
My bet is we are very advanced on the DFS....
Every member of the board will already know they are toast at the AGM...
Their positions are completely surplus to requirements, as Solgold are effectively mothballed... with no plans for any future exploration at all, anywhere,.. in any of our large portfolio of tenements, that we like to shout about in every presentation... (Of which we still have spending commitments of circa 400million dollars on). They have a track record of persistent failure to make any deals over the years, either for Cascabel, any of the regionals, JV, or Solg as a whole... despite the endless jam tomorrow..
So we now have a settled share price of 13-14 pence...
Scott's previously identified culture of non performance has simply continued...
At some point, after the failure to do any deals to monetise the assets, you surely have to speculate on the underlying reasons why?? can it really be we have a constant stream of underperforming management? or is there an underlying issue with the asset itself that is kept under wraps? making the deals we all want to happen, unattractive to a major...
yet despite all this, some will argue to vote them back in.... again.
Well said 1984. Small investors +BHP will have sway.
Scott came, made comments which led us to believe he is the one who will finally deliver. So far all he has achieved are talks and a webinar. At this point if BHP could get things moving and I end up with a profit, I am gone. Almost a year since Fast and smart, and now they have exceeded slow and stupid.
They’re sat scratching their bums spanking up our capital
Sack the lot
I am struggling to comprehend how some on here are simultaneously criticising DC's tenure, which was characterised by an underwhelming, smaller and more realistic PFS and praising Caldwell for seeking to do the same, perhaps on an even smaller scale? I was no fan of DC but I imagine he's sitting there laughing at the fact that the company's only publicly stated ambition is to essentially do what he tried and failed to.
I'm still thinking (or hoping at this point) that the IPA and permits are the outstanding blockers to a deal and that all this talk of PFS 3 in Q1 next year is just buying time. And they have to be delivered this side of the AGM for Scott to maintain any level of credibility.
Even delivering the exploitation license, the IPA and the environmental permits (only the exploitation license has landed so far) over a 12 month period is simply not enough activity for a company of our size. What is everyone actually doing on a day to day basis? Making tea for those in the data room?
I think we can anticipate a much higher operating loss in the y/e accounts as the figure will take into account the fees associated with the CGP transaction and redundancy costs (although these may fall into this year). It will look messy. Not that this matters - the important bits are cash balances and burn rate, which is where the supposed efficiencies should be reflected.
Btw, we picked up CGP's fees - does anyone recall this being mentioned at the time? Or did it only appear in the last MD&A?
@Eloro, and then what, once you have cast your rebel vote?
Given that the company's main objective is to sell, but to do that we need to advance the project until it becomes viable to the buyer, and given who the big shareholders are even if SC goes, who will follow if SC falls?
Do you really think that we as small shareholders have achieved some new guarantee or sense of security that our interest is going to be more protected?
You must not be very well versed in corporate development matters, and sound like an unlucky capricious punter who put a few k down without really understanding the moving parts and the risks.
Lada you means. Swears by them. The only car that could ever replace his beloved Austin Princess with the quartic steering wheel.
“What's the betting they place 100m shares (3%) pre AGM just to give them some extra support lol!”
That’s exactly what I was thinking …… may be counter productive though as ( unless the price was right ) they’d probably lose further pi support plus they’d have to place with someone who thinks they’re doing a good job…..
If the sp was 24p today rather than 14p... we'd still be frustrated with lack of news and progress. But it would feel better. Share prices depress investors when they are low. But end of the day... would you be selling at 24p today if you are holding for the end game outcome?
The share price won't rerate until Scott reveals a JV deal or asset sale. I can't see any catalyst apart from a monetisation event that will move the dial now so not sure why some are out with daggers on the company performance. It's a binary investment now that exploration has ceased.
If they were to kick off the latter again, the it might become more enjoyable and less boring. Remember, it was exploration drilling on Porvenir that saw the sp jump from low 20's to early 40's. Nothing to do with ENSA or Alpala although the market conditions were much better back then and less shares in issue but just 85% ENSA and CGP still hanging out in their mud hut.
Something has to give. If the idea is to bore us all into submission of a pony offer as that's all Maxit can conjur up then it looks like it's working. But upcoming AGM will have Scott and a few worried. It's out of their control. And Scott was already on the unwanted list. What's the betting they place 100m shares (3%) pre AGM just to give them some extra support lol!
100% he’s a skoda driver. Seems just the sort
Red that’s true they’ve made too many EVs and run out of people to sell them to.
That’s because the only way they’re viable is via a tax write down. All the business owners that wanted one have got one and not many companies are doing salary sacrifices for staff yet
Market saturated and now we can buy diesels until 2035 it’s giving the EV manufacturers a headache. Ford are moaning but JLR have welcomed the extra time to transition
Aptera looks like some cheap prop from a 1980s sci fi movie.
Oddly enough Quady I could see you driving a Fiat Multipla. Or one of those little Invacars from the 1970s.
But why are you obsessed with getting 2 tall people in comfortably? Who are these people? The Slender Man and his wife?
I don't see the point in us voting for Scott if he fails to deliver and thereby being no different than his predecessors. I am not looking forward to another year or 2 watching the SP being decimated while Scott jets between Canada and Ecuador in business class. I have no problem with waiting for a new person to actually get things done rather than endure a prolonged period of all talk with no outcomes from Scott. In the end we may well end up with someone new after years of no change with Scott and will then have to allow his successor time to get up to speed. No, Scott will not get my vote if we are still left to guessing by the next AGM.
So the second beat pump won’t be subsidised and there’s no way I am ripping up the Italian marble flooring on the ground floor that cost me 30 grand when it was done 15 years ago to put UFH in!
We’ve got a solution, it’s called gas and there are many lifetimes supply of it right under our feet. It’s cheap, it’s reliable and it works with what we have
You can fit two bodies in the boot ? That’ll come in handy when the next pandemic arrives ....
Addicknt
It all takes a bit of research and yes it’s not straight forward …..what new technology is, even the latest iPhone will take a bit of getting used to and that’s based on technology I’ve been using regularly for 15 years.
My experience has been good especially from a cost point of view, ironically I installed UF because a gas boiler system could not heat downstairs enough and now heat pumps do the job at a fraction of the cost.
Your friends tariff sounds like it might be the issue, which would have been a problem q2 months ago as energy companies refused to take new customers for a prolonged period.
No problem addicknt.
Not only can tall people fit in you have lots of space inside.
BPHIL it has 350 cubic litres of boot space.
How much shopping do you get.
Also one of the add ones is you can open the boot and it can form a tent large enough to sleep two tall people comfortably.
I believe we are going to see a lot of these over the coming years.
27 grand for a car that you’d struggle to fit your weekly shop in ? Plus it’s as ugly as sin . No thanks
Q, really useful as a family car and given that I'm 6'5" and, how can I put this?... on the largish size, I wouldn't fit in.
Google the aptera coming to the UK next year.
Two seater electric car.
Charges from the sun 30-40 miles a day.
But can be charged by charger.
Does a thousand miles on a single charge.
And the new one can do 0-60 in 3 seconds.
Looks beautiful.
Also only 100 KW of battery, so getting ten miles per kilowatt as its twice as aero dynamic as the best car's in the world.
It has a drag coefficient of 0.13
Also no servicing or dealers.
Everything is designed to be customer replaceable.
If you can build a cupboard from IKEA you are over qualified to maintain this car.
The motors are in the wheels.
So to replace a motor you just replace the wheel.
Tesla, yes the law can be changed, although I've seen no mention of this issue from anyone.
We know of someone in a similar situation in our village who fitted what was supposed to be hyper-efficient electric heating only to find their bills escalate by an enormous amount. It's my belief that as it stands, the technology is not yet capable of addressing this specific problem in a cost effective manner. That's not to say it won't, but right now it doesn't. Incidentally, we've had several experts look at this and they all came to the same conclusion.
You've obviously had a good experience with your EV, but you will be well aware of the fact that many other people have not.
In my view Sunak has made the right move and the delays will allow technology to improve to a level which will make these initiatives a practical solution for people who are not in your fortunate situation. His decision has been driven by common sense and a recognition of the facts, and not by dogma, which is what we should wish for in all of our politicians.
Https://www.reuters.com/world/uk/uks-july-new-car-sales-up-more-than-25-smmt-2023-08-04/
But...
https://www.express.co.uk/news/uk/1814502/electric-cars-sales-plummet