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Shame on the management. For a decade, profitering from this.
Fortissimo ,50p+ starting point would be good ,for all tenements aswell maybe 70o+, my Ā£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 Ā£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 optionsā¦.
Well code 1 works every now and then lol!!:):)
More options and a new 'incentive plan' on the way - which we will be able to vote on. Hmmm.
Given that he's Canadian, does this indicate a continued shift of the power base away from OZ?
CFO. Caldwell to become permanent CEO.
Excellent post rcgl2 you understand Solgold.
A sale takes time and in the meantime we head to production.
It is very likely that more than one firm are doing their DD. OTHERWISE, WE ARE IN TROUBLE. but this Lots of due diligence is required can be seen in a positive ornegative way.
āThe numbers are bigā ....... I hope that includes the price paid by whoever is doing the due diligence !
'Lots of due diligence is required'. There needs to be an interested party for this statement to be true. We're all just guessing here as there has been very little said by the company and Scott Caldwell played a straight bat at everything at recent pr events, but my take is We're fairly well down track with an interested party and the nerds and lawyers are thrashing our thr detail. Still think end game is a while away but getting closer. All IMHO. C
Thatās one opinion - āin the process of selling SOLGā could also mean they have a buyer and are busy thrashing out the details!
Hope Iām right!
In the process doesn't mean a buyer is identified. Hope I'm wrong.
Apols - the second part of my post was meant to be @rcgl2!
Thanks RCGLā¦. 5 hours ago
āMaxit is in the process of selling Solgold, itās well known ā
Nuff said