Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Bozi, I think we need a team who recognise reality and set about maximising value via monetization. As far as we're currently aware, the incumbents show no signs of understanding this. The strategy appears to be; carry on pushing ahead with something that won't happen and which the market very obviously doesn't have any faith in, and let's see if someone has a pop. In their shoes I'd be discreetly sounding out the obvious suitors in an attempt to get some competitive tension going.
Putting that issue to one side, the past year cannot, under any circumstances, be seen as a success. In fact, the past two or three years have been pretty awful.
On what basis Addicknt?
If this team can't produce a robust PFS for Cascabel, what gives you the impression somebody else will?
After all we are dealing with the same resource, the same assumptions and the same third party consultants.
Further, what gives you the impression another team will be able to work better with BHP/NCM and deliver at least the return that the current one will?
It hasn't passed me by that no team may be able to give me the return that I want. That's a very realistic possibility, but I'm also struggling to appreciate what new directors will do that this lot aren't.
Bozi, absolutely I understand your argument, but I'm just not sure the current team is capable of delivering what you want.
Addicknt - I'm simply challenging the notion that exists that by denying re-election of our current board members that we are giving ourselves the best opportunity for an improvement in company share price performance.
As someone who understands the dynamic of a major miner wading into a significant discovery made by a fledgling junior surely you can see the angle I'm coming from?
Addicknt - do not disagree with the first half of your post.
As for the second half, of course I'm a participant for the financial betterment of myself, my family etc but the stark difference remains that I'm not hell bent on seeing a return quickly if it is to the detriment of a better return down the line. That's all I'm getting at. I don't see why it gets dragged out of context. I haven't hidden this view at all.
Smickster hopefully a bit sooner
I think Moller has played a blinder.
He clearly knows what's he's doing as they have got the right man in to steer solg onto great things and ot just rushed into getting the first man that comes along.
Also the sp is up almost 5% so he must be doing something great.
Well done Nick, Moller and the rest of the team.
Onwards and upwards.
Looking forward to some news 9ver the next 10 days.
He's also got senior experience in Contracting colonel and God knows we're going to need a load of them to build this mine...
Yes Add let's line our pockets and stop Bhp trying to reduce our payday.
Bozi, regardless of who was on our share register, the management was always destined to be on the 'defensive', as you put it. A small and insignificant explorer doesn't make a discovery of this magnitude without attracting the attention of companies which have the where-with-all to fully exploit the assets. If it wasn't BHP, it'd be someone else.
The key question about this team is, can they deliver a good deal to shareholders? I'm afraid I see no evidence to the effect they can.
Btw, interesting comment about people wanting to 'line their own pockets'. Just out of interest, what other reason is there to take risks in the stock market?
We are TheSlug and I get that, and respect it even if it comes across to the contrary sometimes.
I'm just of the view that our major shareholders have set this up to a tee over the last 4 or 5 years and as less powerful investors, we need to remember than it's not always about 'Moller being politically aligned with Nick' or 'Twigger firing cheap shots' as RK1 put it earlier.
There's always more than meets the eye than that which we have deduced through our own speculation and investigation and it boils down to one question...
Do I think this management team is sub par or useless?
The answer is a resounding no. A much smaller management team consisting of some of these heads discovered and delineated Alpala and have grabbed more ground to repeat the trick, laying the foundations for a very large junior explorer.
That management team has then been bolstered with good experienced people.
So, in my view, this management team looks worse than it is due to defensive actions it is having to take. They'll be fully aware the optics are shocking I suspect.
Correct Smickster.
This is unfortunately going for a song and the voting intentions of SOLG shareholders in a fortnight's time will be the skier at the top of the mountain run.
2022 will see he/her slalom their way down at speed.
Red, here are the facts
You constantly try to put me down saying I'm impatient or only reading half the facts.
Your are not much different from Quady in this respect and imo it lacks class and real belief in your own views to try and discredit me this way.
As for your facts I read them all and quite frankly they are laughable.
You blame the old guard for sp decline so when it rose was that not their good work?
I suppose it was there fault covid and the Botswana strain arrived too...
No exactly, but it's equally ridiculous statement.
I'm not dissing your view just your constant will to try and make people follow you because you believe you are only voice that matters.
And for the record I'm not stating the current board is doing a fantastic job just that I don't believe weakening Nicks hand is in my best interest.
It probably won't pan out this way( like last year) but I'd prefer things to stay the same way and Bhp bite the bullet and buy us out in the next 6 months after a steady in flux of news including pfs,dfs for alpala and more mre news for regional.
The Slug - thought you were more nuanced than that I have to say.
Personally, my mo is to give the company the best opportunity to succeed. If it happens within the timeframe I need it, great.
I won't make decisions that harms the company just because I'd like a quick trade. I mean if the opportunity arises during the normal course of events then absolutely fantastic, but if not....
I'm aware of Olympic Dam, CD.
I think it's fairer to say that Mather's skill sets and Cazzubbo's are in different areas. Cazzubbo clearly leads in the project development and management stakes.
*produce facts (4th para)
You haven't Redknight1.
You factually stated Moller's remuneration.
You then stated he didn't deserve it. That's an opinion.
I don't need to produce to support our board selections and neither do you for what it's worth. We're voting on who we think will achieve the best result for SolGold investors in the future based on our interpretation of events to come.
I am however saying that if you are portraying yourself as a relayer of factual information, please ensure that information is 100% factual and not laced with your opinions. Thanks.
I have put forward reams of FACTS to support my positions, ESPECIALLY on why Moller should go...
Its not my fault you're too impatient to read them...
If you'd like me to restate them, please ask...
And also post the FACTS that support your case to maintain BM and LT...only seen opinions so far...
Touche...
smickster....you don't get it...whether he stays or goes there will need to be an equity dilution as part of the Alpala funding...
Do you think banks are charities...?
I find it truly staggering that so many SolGold investors, with experienced and knowledgeable people amongst the group, think it is in everyone's best interests to remove 4 members of the current BoD now.
We can surely all admit that we are potentially approaching the time where there's the highest risk that we are predated? If so, what do you think we have to gain by sacking the Chairman of the board?!
I shouldn't really be surprised. You look at the political landscape in the UK for example and that shows that enough people are only thinking about their own pockets or simply have sawdust between their ears.
There also seems to be the held view that a new board gives us a clean start and a fresh route to upside. Be very careful with that. It's very clearly a coin with two sides.
A final point, I'm across a few different SOLG investor channels and I've never seen Darryl Cazzubbo referred to as a megastar. I'd love to know the source for that, particularly bearing in mind that the great, illustrious, noble, mining behemoth that is Warren Irwin had never heard of him until after the SOLG news release!
Slug/gino
Exactly that lets see what next 10 days brings.
I approved all resolutions apart from Mr Moller. Im convinced that we will still be voting this time next year. We can see how they perform for the next 12 months!
GLA.
I want a board that has my best interest in mind.....the current one actually.
I find the fact you constantly try to change people's minds pretty obvious.
Let's say you put your point across and gave all the facts I would read and maybe consider your views.
No it's a constant putting down of certain staff and like a witch hunt.
To obvious and trying to hard.
Exactly Red so I didn't miss the point at all did I.
Because if our new Ceo didn't want the the job with all the staff already there they he wouldn't take it.
Really guys come on.
The small dilution caused by Mollers wage is better than the dilution that awaits us if he goes.
I have considered your position and like I say you try to hard.
Don't need an essay