Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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DM how many more to go before they are out ?,might get some movement then ,I was think second week of May what do you think?
On a positive note rk. If it keeps dropping, you can top up with another 30000000. I'm supprised your mega deals don't have an impact on the sp.
The opening UT was 20p and the first few trades were at 20p before the ALGOs took it right down to a bottom of 18.32 (thats a fall of more than 8%) in less than 35 minutes from the off...
Lets hope thats put in a bottom...for the rest of time...
WE NEED NEWS SOLGOLD!
Karl, it would be a tragedy of mega proportions if equador don't pull it round. As always the poor will be the ones to suffer. Ironically, it's those same poor who are hampering progress.
Whatever his motives for what he says, it’s having no effect on market sentiment..
Solg have openly stated they intend to monetise, he keeps shouting we are trying to engineer a sale, to anyone that will listen… but the share price is still sat in the teens.. the markets stopped listening/paying attention to anything Solg, or people linked to Solg say a long time ago.. probably as tired of all the hype, bluster and total lack of progress and competence as the rest of us plebs…
Come on Maxit…. Get a deal done…. put us all out of our misery..
Chile are taking in a lot of Venezuelans are changing up their economy to mirror the capitalist social systems of Europe.
If Argentina can clear out the old guard and stop being so arrogant and actually fix their economy, then combined with Chile the south of south America could become a strong economic region in 20 years.
https://www.mahannahsscifiuniverse.com/blogs/star-trek-news/q-a-star-trek-species-file
I guess we have a decision to make - choose to believe the highly successful mining investor who has amassed millions of pounds doing this for a living, or the anonymous bloke on a BB who can't see the wood for the trees.
Hi Italian
To believe WI has no idea about what’s happening here so would simply make stuff up is beyond naive …… just don’t give it any brain time.
There will be more than one interested party running their thumb over this ….. it’s a boring wait but all we need is the first bid ….. it’ll come
Q, come on, at least try! There is no dimension in the multiverse where you instead know more about S0LG than WI.
Be at peace with it, and with fact that SOLG needs to be sold.
Silly price but not worried...
Managed to buy 200k but it was hard work...
50, 50, 50, 30, 10, 10...
And I am alread firmly bid for the whole 200k at roughly what I paid
So if MMs reluctant to sell, why was the price marked down...?
Answer...its the ALGOs again...
Ignoring the UT, 121 out of the first 131 trades...
Otherwise no real buying or selling going on...puzzling...
Good morning mog.
He is saying things to try to get the share price moving.
That slip of the tongue that we were going to be sold was orchestrated.
Just watch it again and again. You can see it's planned.
He knows nothing.
If he did he would say more.l
well done DM... your mind is like a SOLG RNS library!
So in simple terms, Stackwell has inherited Ingo's options albeit at slightly lower option price. So that's all fairly neutral.
Anyone else on the new board or execs that we need to issue options too lol!
SOLG... get on with it!
For all those that like to follow TA and pay particular attention to RSi's, just have a look at HUM.L and CNR.L.
RSi's can stay higher for longer if the demand is there.
thanks pinot.
And these caught my eye Troajan...
"In general, companies were favored as targets over properties — slightly so in number of deals at 31 versus 25, respectively — but more significantly in overall amount — $18.70 billion compared with $5.78 billion. The year's top three deals were major-major takeovers, with two focused on copper and one on gold....
With 10 of the 18 copper-focused deals targeting assets in the reserves-development stage, many buyers' acquisitions reflect long-term strategies rather than immediate boosts to production."
I don’t disagree with most of what you say Fortissimo, but the point of the post was to speculate where Stackhouse in particular sees the potential value of Solgold. He is not providing his services on a charitable basis, so he has an expectation of how he shall be compensated and the number and price of his option package and salary have been negotiated and agreed to achieve this if the targets are met.
No idea who they were for
BHP 2 December 2019 2 December 2024 £0.37 19,250,000 19,250,000
Employment 27 April 2020 26 April 2023 £0.25 8,500,000 7,000,000
Employment 3 March 2021 2 March 2024 £0.36 3,000,000 3,000,000
Employment 24 February 2022 15 June 2024 £0.26 3,000,000 3,000,000
Employment 1 December 2022 1 December 2025 £0.29 4,000,000 4,000,000
Employment 1 December 2023 1 December 2026 £0.35 3,000,000 3,000,000
Employment 1 December 2024 1 December 2027 £0.50 3,000,000 3,000,000
Pinot
:0)
Pinot, are these general staff awards eg non director or senior management?
Are there any more option expiry dates coming up of significance that involve like of Mather or other older director or non exec staff??
Morning all
7,000,000 employment options at 25p expire tomorrow.
Pinot
:0)
The fact is, every investor here is free to trade and invest at sub director option levels. That's why I don't have too much an issue with Stockwell's options. Scott's option price at 17p didn't both me that much either but the 30m chunk did. Way too much and Irwin's talking tosh as usual. as Scott was well motivated before due to his large holding. The extra 30m issued was just unnecessary and ugly to see. As for extrapolating ENSA's or SOLG's full asset price from directors self awarding options... well... you may as well use the price of Rich Tea biscuits because it's irrelevant. Had they set Stockwell's options at 75p, then yes it would have raised eyebrows I'm sure but rarely do management set options so high when the historic share price average is closer to 25p.
When a bid comes it will be based on in the ground industry prices for copper, gold and silver. It will focus on the PFS but not be constricted by it (as represents just under 25% of resource) and finally... yes there will be a discount for block cave mining and regional risk.
Forget the options and focus on world proven examples of Tier 1 assets and what they have sold for... whose hands they end up in and whether any have gone cheap. Tier 1 assets that are copper heavy are in high demand right now as world is 'short' of copper based on every single broker or analyst forecast from Goldman's to JPM to BoA.
You can serve award yourselves some shares today at sub Stackwell's average option price. If the risk reward suits you... go knock yourself out. But does that mean you will take 40p or 50p or 60p or 70p?? Option price is irrelevant. Where I agree with Irwin is that all the new guys involved are there on a short term basis lol! Hence they are not there to define careers or build the CV... they are there to baby sit while Maxit get the job done. And for that... they might nit get much salary on short term basis hence near term option awards are the sweetener.
On side note... Scott.. if you read the boards... could you give Twigger the boot please. He's no longer needed and was a waste of space in first place. Plenty of folk you can give chairman role to.
Warren, if you’re listening- I’ll sell you all of mine for 40p/share?
Z
This one is also worth a mention from WI, don't know if he is having a dig at Quady :)
"I owe investors an update? Maxit has the company up for sale and is working with interested parties to get it sold. I am pretty sure everyone who follows SolGold knows this."
And it’s fair to say nothing less than the CFO’s option price of 25p. But of course it’s going to be more than that.
Bearing in mind that both Caldwell and Stackhouse know more than anyone how Maxit are doing on the sales front, one can speculate, using the 30M options at 17p Caldwell has, but probably easier using the 3M options awarded to Stackhouse at up to 25p.
Assuming they both are (hopefully) good negotiators, their options. should be set at a level that rewards them in line with industry norms for achieving a good outcome. Now all we have to do is estimate what a CFO in Stackhouses’ position can reasonably expect for achieving a good outcome and that will be a good indicator of what Caldwell and Stackhouse see it selling for.
So they clearly don’t think it will sell for £2 unfortunately, but it won’t be 30p either.
The trouble with this approach is 70p would seem reasonable to reward Stackhouse, but seem a bit too much for Caldwell. But either way I think a deal is looking more and more likely.
WI goes on to mention options that have been awarded
"Management is not there for their salaries. My rule of thumb is the granting of options at a time like this is bullish"
https://twitter.com/ItsWarrenIrwin/status/1650516355311910915