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Just to be clear, I dearly hope bubble is right or indeed Caldwell get’s £100m , but then gets run over by a bus the thieving twat.
If he gets it sold a 34p that gives him 5 million
If it’s 50p then he gets 10 million
So for bubble’s £1.32 it’s a whopping never going to happen £34 million
What does this all mean, it means I should have sold years ago at 44p and been happy with my 80k
Time to release the news
Based on the price per lbs in the ground value of between $0.04c -> $0.06c as stated by WI, then with 3.005BN shares in issue, the take out price would be between 39p and 58p, not great
orthern, apart from the last sentence, you have no idea if any of what you say is true.
And I’d be willing to bet my house, Scott’s mysterious options criteria will be based on him achieving his much mentioned and presented ‘efficiency savings’
Time to call in the fraud squad, thank god we have some large investors with a bit of clout.
I don't think many people here trust your judgement, othern.
We are not getting 50p.. if Bob does arrange a sale.. and that’s a big If… it’s a distressed sale..
It’s absolutely Nothing like the Noront deal that some like to endlessly compare to….
They were bid for… we are are currently, desperately trying to engineer a monetising event… the entire mining world knows our management want to sell or JV…. We are not fighting off bids….And the price will reflect that.
We have been like a Dutch hooker in a window, flashing our assets, hoping for business for a worrying amount of time…. And not heard a peep… the chances we are going to get close to fair value, or anywhere near what many posters on here regularly fantasise about, have long gone….
We have ceased all activity and are now looking pretty desperate for any deal we can create…
I imagine BHP/NCM will be absolutely delighted with the options award.
30 million options! They can GAGF.
Shame on the management. For a decade, profitering from this.
Fortissimo ,50p+ starting point would be good ,for all tenements aswell maybe 70o+, my £1.32 I might struggle with but let's see Mather won't let it go in the cheap imho
I wonder if Bob's baseball bat way of dealing with rhe majors is working against him now that we are looking for a buyer?
He can't exactly pick up the phone to them for a nice friendly chat.
I will be voting against the new share options. Totally over the top.
I should add that the good news of this release is that it has come now. Management always opt to grant shares at the lowest point they can and certainly BEFORE any major news is released. So no surprise that this comes first, then the rampy news follows.
Strap yourselves in... nests being feathered just before the news rolls in.
The bad news is that by rewarding some heavily in the 17's means any deal price in the 50's suddenly looks great for Scott and co. Previously a deal in the 50's would have been lucrative for Scott based on his holding but adding another 30m shares makes a lower priced deal sweeter. Just for balance etc... wouldn't want to ramp lol!
Q, can you please explain exactly what steps are being taken which lead us to production?
Apparently we have 'enough' information, although we have no idea for what. The DFS is so far away that even the Hubble telescope can't see it, and absent a DFS we can't raise finance. Additionally, we appear to have shed many of our key staff, so I'm intrigued to know how anyone can possibly think we are heading to production - it just doesn't add up.
Things to look out before big transactions occur...
ermmm Number 1.... BoD's feathering their nests lol!
I'm not sure SOLG can hoodwink investors with the old chestnut of 'securing his services' like other CEO's?
He's already publicly announced that he's heavily invested in SOLG and therefore aligned with our interests. So there's no need to 'secure' his services lol!
And as for the other indication that they are going to be reviewing the BoD's incentive plans going forward, that's just code for .... we will be lining our pockets before we announce any transformational deals or sales etc etc.
It's par for the course... ugly stuff but that's the markets and city for you. Incidentally, did anyone notice that Mr Hunt dropped the rules on Bankers pay and bonuses recently citing that we are moved on from 2008 now. Mmm... looks like Mr Hunt knew what was coming to the bank sector (who didn't with rates rising so fast) and speedily slipped through a nice pay hike for the jobs for the boys crew.
The lot of them need banging up in the Tower of London.
Would love to hear what the performance criteria are ?
We are a bunch of mushrooms, ar'nt we?
So, a £5.1 million golden hello for Mr. Caldwell. Nice work if you can get it !
well that should put a rocket under the share price, we should at least get to 18p today ;)) lets hope this one lasts longer than 4 weeks until BHP realise that he is actually trying to increase the stock value lolzzz... have a good day all
its just becoming a joke now innit
I find the 30 million options quite excessive. Do we even know the performance criteria mentioned?
Caldwell to get 30m shares "tied to specific performance criteria which will be assessed at the end of the vesting period"
IE when he writes the sales invoice for the company.
30 million options….
Well code 1 works every now and then lol!!:):)