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What's in the ground isn't going to change based on whether Solg release an RNS today, tomorrow or next month. Whether we get bought out for 55p or £1.55 does seem likely to depend on who is running the company and what financing options they have available to them. Risking a change of management and limiting funding options at this crucial time, to allow BHP/NCM to come in and pick up the pieces cheaply, seems rather petulant just because we haven't had any drill results for a couple of weeks doesn't it?
News is a funny thing (when you get it). When we get a stonking assays/exploration RNS....the price slides!
Get a desperate one like today, and the price holds up!
rk, do you intend to abstain, or vote against?
That is 100% on the money Redknight!
Sent another strong email, this time copied to Karl, saying I have no intention of voting unless meaningful news comes out well before 8 December...
I think if NCM was going to bid, they would vote against, however I believe that they see their investment as a long term play, and would like to acquire more of Solgold.
If they vote against, and we see BHP make a successful bid, then NCM's chances of acquiring more of Solgold are over, it's in NCM's interest to support these measures at this point in time.
That RNS went well with the market! The one thing the markets do not like is unpredictability and that RNS sounded desperate.
Curiously, the one thing that doesn't concern me is NM's salary. I don't consider him to be over-paid, unlike the many useless directors who inhabit the large number of lifestyle companies which litter the market. I also think he probably works his butt off.
Q, I really didn't think I needed to mention them. A bit of a foregone conclusion don't you think? Although it would be bloody funny if one of them voted against.
Why would NCM be protected by voting for the resolutions?
Where do you see that Mather is getting a pay rise? The executive compensation table in the AGM circular shows his 2020 salary as just over $400k, with no options this year. For 2019 he got $425k and nearly $3m of options and incentives. I can see aggregate directors' fees are rising from £400k to £600k but I assume that's because they have added 4 new NEDs to the board, all of whom are experienced and probably don't come cheap. What am I missing, what pay rise is NM meant to be getting?
addicknt you missed out Tenstar, DGR and NM's holding and other directors. The PI's will be the ones that tip this.
Also I don't think NCM will vote against everything, as they also, will want to protect their position.
TBTT, my guess is the following:
CGP -against everything (obvs)
BR - as an institution, they'll do what institutions normally do, either vote with the board or, at worse, abstain.
NCM - against everything.
BHP - against resolutions 11 onwards, and possibly more.
Schlem, put your pants back on and take those pencils out of your ears!
Sold again schlem.....
You sound like jerry, the price increased 50% due to porvenir...what rubbish
the price never, ever shows strength even on good news, see Porvenir. It's a zombie stock
Gents,
This guy allowed this share to drop to 10p not that long ago and watched long term era sweat without a peep from him or the board...,..
I’m still balls deep in this share and have been for 7 yrs .
We need clear leadership not games!
I think Naughty Nick needs to get his pot of ink and quill out rapido! You need us more than ever now Nicholas! Get churning the news out!
https://bit.ly/3l4ePiF
Might be worth using Twitter to voice any opinions to the board
Josepi, I'll be a little more generous and say that he can have his pay rise at 60p!
Got to be more newsflow leading up to the AGM imho. But I can't deny becoming a little disappointed (again) at the lack of news recently, given what's expected. More respect for shareholders please SOLG .....
I agree joseph...I have no intention of voting as long as Mather keeps us victims of the mushroom syndrome...
I've had no reply about the CGP statement that the PFS is now Q1 21...
He persistently ramps the shares in presentations and continually misses the deadlines he sets or implies...disgraceful!
The pay rises are being put forward in place of the confetti options of years past. NM is currently paid enough in my opinion.
NM knows the way to retail PIs hearts and that is to get the share price up before the AGM, as has been discussed on here.
I also think that keeping NM on is the best way to achieve the most for our SOLG shares. Whoever BHP/NCM/CGP want to put in to replace him will be looking after their interests and not ours.
What a strange RNS, that is. The shareholders letter seems almost desperate.
What's going on behind the scenes? How many major shareholders are opposed to the board?
That’s exactly the point! You wouldn’t got your boss and ask to for massive pay rise without demonstrating your worth to the company .....
He can have his pay rise at £2.55 not 37p
phatt
how are we supposed to take you seriously after your prediction for this week?