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DBW, erm...
Addinct….. Mather can leave anytime he wants …. That’s very different to selling …..
Oyu Tolgoi is nothing like Alpala...
Its in te Gobi Desert...remote and with potentially the world's largest block cave mine...
It was originally owned by Ivanhoe Mines (Robert Friedland of Voisey's Bay/Diamond Fields cf 'The Big Score'
Keith Marshall was President and CEO of Oyu Tolgoi before Ivanhoe sold a majority stake to Rio Tinto (BHP were in the frame...)
You can see Keith in the attached picture...
https://www.northernminer.com/news/mongolia-gets-serious-about-mining/1000345435/
I confidently predict Alpala will be in commercial production before Oyu Tolgoi...
Bozi, I must have been dreaming. Virtually every other post keeps telling us that were Mather to leave BHP would roll the company over and he's the only thing stopping a giveaway sale. I take it you've been reading the same bb?
Who has said anything to the contrary, Addicknt?
It dropped some time ago ….. and he won’t accept peanuts
addicknt I have always said that, his share holding direct and indirect makes up part of the diverse book.
Hence why we have had no bid up to now.
I don't know how long it's going to take the Mather fan club on here to understand the simple fact that it isn't his position on the board that'll have an influence on any potential sale, it's his shareholding. One day the penny may drop.
Smickster... yes we are still exploring, and there’s lots still to do! Please let me be clear, I’m not advocating getting rid of NM. In fact.... we’re we to sell off the assets to a major, one by one, as they reached PFS stage, using the funds to continue exploration and reward shareholders, that would suit me down to the ground. And I still believe NM would be the ideal candidate as Head/Director of Exploration in such a company.
Just checked my posting history. On 3/7/2020 at 12.07 I posted the following under the subject heading “Rio issues in Mongolia”.
https://www.smh.com.au/business/companies/rio-tinto-cuts-copper-hopes-in-fresh-mongolia-mine-setback-20200703-p558ox.html
Little impact on Solg, but shows two things to me..... on the positive, there will be slightly less copper around if and when we start producing, but on the negative it shows some of the unforeseen risks to timing and cost associated with mine construction.
For a further two month we were still promised a PFS by Q3. Then 2 x RNS which followed still promised it by Jan 21. If a mere PI knew of the problems in Mongolia by then... how come the mining experts at Solgold didn’t?
CD you all how I arrived at the idea the PFS was botched... okay.....
Due Q3 2020
RNS on last due date, delayed due to Covid, well advanced, due ASAP
RNS 1/12/20 delay getting geotechnical data, but nearing completion, due end Jan 21
RNS 5/2/21 now due late 2021
RNS 8/4/21 still due late 21, but to incorporate as yet undiscovered near surface stuff first
RNS 23/11/21 further delayed, update at AGM.
If that’s not a company botching something, I don’t know what is. Regarding Oyu Tolgoi, that’s just a convenient excuse. I was the first poster to bring that clusterf* to this boards attention, and it was all known about well in advance of most of the above. It’s a red herring here.
Alan Martin was CEO and MD of Solgold from May 2013 to May 2015...
On his LinkedIn profile Nick lists himself as follows:
"Chief Executive Officer (Cascabel Project)
Dates EmployedMar 2014 – Mar 2021
Employment Duration7 yrs 1 mo
Chief Executive Officer Solgold
Dates EmployedMar 2001 – Mar 2021
Employment Duration20 yrs 1 mo
He wasn't CEO while Alan Martin was CEO, but in actual fact for much of the time until 2015 he signed himself as Executive Director.
The original LOI was signed in April 2012
"Solomon Gold Plc (AIM code: SOLG) and Cornerstone Capital Resources Inc. ("Cornerstone") (TSXV-CGP) (F-GWN) (B-GWN) (OTC-CTNXF) are pleased to announce that they have signed a binding Letter of Intent ("LOI") whereby Solomon Gold may acquire up to 85% of Cornerstone's 100% owned 5,000 hectare Cascabel gold-copper-silver property in northern Ecuador."
At the time Malcolm Norris was CEO and Managing Director as this extract from the 2013 Annual Report shows:
"Malcolm Norris (CEO and Managing Director) – resigned 22 February 2013
Alan Martin (CEO and Managing Director) – appointed CEO 10 May 2013 and appointed Managing Director 8 October 2013 Nicholas Mather (Executive Director)"
So Mr Mather has been rather exaggerative in his responsibilities and achievements...
Indeed the first 11 holes of Alpala had been drilled and assayed before he took over as CEO in 2015...
Tos I believe we are still exploring though.
PAC not knocking NM, and accept what you say about him being key to us getting here. However, is a proven explorer the right person to take the company forward in achieving its stated aim of becoming a major mining company? Initial botched PFS would suggest otherwise. Moot point, as he is no longer at the helm, although undoubtedly (and deservedly) will still have significant influence given his position and shareholding.
Oh I see Red, Nicks is only in control when something bad happens lol
Are you sure pactrol...?
From RNS 25 February 2014
"SolGold Managing Director Alan Martin and Cornerstone Capital Resources President and CEO Brooke Macdonald met overnight in Quito, Ecuador to agree, execute and exchange the formal documentation associated with SolGold's election to move to an 85% ownership position of ENSA, an Ecuadorean registered company, which holds 100% of the Cascabel copper-gold porphyry project."
I don.t know why everyone is knocking NM If he hadn,t been canny enough to pull off the deal that gave us 85% of Ensa none of us would even be here.
Take something big to get them options excersised imho
Nick isn't up for re-election cadell...but his sidekick Moller is...
Thanks to everyone fr pointing me in the right direction. I note that Mather has 5 million option shares at .6p falling December 20th. He gets a lot of dosh for... what? Sure, he started it all but he has a lot of shares for his pains. I will not endorse him, the others, reluctantly OK. The falling share price says it all