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ColonelDrake you are innocent. This individual is here to spread hate, that's his sole purpose. Don't be taken in.
I have seen individual's like him on economic forums and an Astronomical platform.
I know of two criminal prosecutions resulting from this behaviour.
I for one don't understand why the authorities have not been notified by LSE.
It certainly warrants it.
Unfortunately drake even when he's tried this trick admin still on to him.
Slug, beat them at their own game. You are smart enough. Just post your insightful stuff and avoid supplying the ammo that they need to get your removed. It will hurt them more if they know they can't remove you. These gangs on LSE need looking into as admin certainly seems to be willing to listen to them but at same time happy for them to do the exact same to others. Rules for some and rules for others will cost LSE click bait if they are not careful. Good business is a good balance view across the BB's and equal treatment toward all posters.
Thanks for sharing article BnC
Slug Champers
Please dont -
When you're on ur best behaviour you have some interesting / valuable insights / contributions.........
When ur being an "ar-se" it's a crying shame as detracts from the valuable stuff you can/do share..........
[however I think my pleas will be in vane - but nevertheless would delighted if you'd be a pleasant slug]
r's
bn.c
Thank you BNC, good to see disagreement between BHP and NCM.
But then that's one of the positives of the diverse book. Helps stop concert groups.
Yes, she does seem to be a volatile one! I'm nor sure her CV will get her very far from now on. Unfortunately mining is still very much a 'mans' world and although that is changing, women are still finding it tough. We don't know the ins and outs but if she discovered that equity dilution was a no no ... then that's poor research on her behalf as the Franco deal a year or so ago would have told her that.
That said, I do think that she was brought in to look at doing an IPO of ENSA and then recently (poss last few weeks) the strategy changed and the IPO idea got binned. No doubt BHP and NCM involved again I would guess.
So if she was there to get an ENSA IPO off and then that was binned by the board... why stick around? She may as well go. She wasn't on for any major bonus awards as she wasn't a director and wasn't on the board.
here's also some more from said article.......re tensions between major shareholders.......
article points at tensions between BHP & NCM also - so seems like every fkr is fighting.............
"The ongoing turmoil at SolGold threatens to overshadow the company’s work developing Cascabel, regarded as one of the hottest emerging properties in the copper space.
Interest in SolGold has been generated not just by the size and grade of Cascabel, which is tipped to produce up to 210,000 tonnes of copper a year at peak output in the mid-2030s, but also by the competitive tension on its register between BHP and Newcrest.
Both own about 13.5 per cent of the emerging miner, and one or the other is heavily tipped to make a play for SolGold, or play a major role in funding the copper project in exchange for a share of the copper mine, which is likely to cost about $US2.7bn to develop.
But SolGold has also been plagued with tensions between the two mining majors at its other shareholders, particularly those associated with former boss SolGold boss Nicholas Mather and DGR Global.
BHP and Newcrest are believed to have played a major role in forcing Mr Mather to step down from an executive role at SolGold after a falling out over the debt-focused funding structure he had adopted."
Need a v strong leader to sort this lot and bring things to a reasonable outcome for all!!!
Can Gazebo pull it off? Remains to be seen.........
bn.c
Yes fully understand Sean.
I guess it's to be expected. Positivity and negativity does tend to swing on whether you are invested or not. Have you thought of shorting SOLG?? If you are convinced of the impending doom (really convinced) then take out 'trade' that rewards you should it go to your single digit price.
My guess is that the likes of Norges and co will burn your short for sure. But would be good to see some put some money behind their negativity rather than just posting the stuff on BB's.
Good morning seanhunter, okay we had a surprise yesterday. It's still got to play out.
But the one thing that should be clear to even to the hardest of heads.
Is that no one is talking about a bid . ( They never were ).
What we are talking about is the next phase which is the DFS.
Forget ColonelDrake as he has called everything wrong on this share and he is still talking about a bid.
Anyone got any ideas on the next fund raise and the finance of Alpala, because that's where we are going.
I see some have taken snippets from the article........
here's some more on Ayten..........
The loss of Ms Saridas is a more significant blow to the company, given the fanfare around the appointment of the experienced finance executive on her recruitment in May.
Her departure comes only weeks after SolGold shares tumbled in the wake of a failed capital raising. SolGold has about $25m in the bank, Mr Cuzzubbo said last week, enough to fund its operations until the end of the year.
Ms Saridas will be replaced on an interim basis by former Newcastle Coal Infrastructure Group chief financial officer Keith Pollocks, who is believed to be one of the unsuccessful candidates during the company’s previous search for a finance boss.
It is the second time in two years that Ms Saridas has left a senior executive role within months of starting her new job.
She quit as the Oil Search chief executive in late 2020 after only three months at the oil and gas major, and last year launched legal action against the company amid claims of bullying by former chief executive Kieran Wulff.
Unfortunately I believe you're going to be proven right Sean, and then it's tin hat time.
Gl
Fort you were happy enough with my posts when I was excited about an incoming bid. Unfortunately, I tell it like it is, or at least how I feel it is. Been invested here since 2016, been trading since 2018, always have a stake in here for the endgame, which I wrongly though was coming this summer.
Wish I could be more positive mate, but I sense a coming disaster for all the same reasons Quady thinks we are entering a golden age.
Deeply frustrated we are becalmed in the low 20s but more frightened of where the BoD is about to take us.
If that's not nice to read either chuck my opinion on the pile along with all the wildly positive ones, or filter me.
Cheers sean
Might even stump up the $2 subs what the heck as i think there a gazebo (DC) or as some call him Timmy Mallet....interview on there also......
ta
r's
bn.c
Sean, give it a rest...and what's with the 'we'. You are not an investor here. That's blatantly apparent by your negative campaign posting of late.
It's a pony ten penny article. What's wrong??? SP not going to your single digits fast enough for you??
Unfortunately there's a paywall, but the jist is obvious. Not used to seeing overtly negative coverage in the press about us; we are described as being in "turmoil", which is odd given the high spirits of 2 months ago. Maybe slow motion turmoil would be a better description.
Sure BNC, I'll post a shorter link - the article is on this page:
https://www.theaustralian.com.au/business/mining-energy
Sean
Can't open that link Sean........
Any chance u could repost?
R's
BN.c
I feel bad for the lady too, Solg was clearly a bad career move and I don't think any of this was her fault,probably in an impossible position due to the whole current direction. I wish her every success in the future and godspeed for her next role.
I'm not surprised. But does it matter? The world needs copper, there is a looming supply crunch and Ecuador (and by implication Solgold) is sat on the world's largest untapped supply. Cascabel is a huge complex mining project that requires deep pockets and technical know how. The majors need big projects and the sudden move on OZ minerals by BHP is a sign of where things are headed. My preference has always been for a takeover because it derisks Solgold. If you want to benefit from the Ecuador assets long term just opt for shares rather than cash. I never did want a Sirius Minerals scenario with Solgold trying to fund mine development themselves, it is too risky.
"SolGold has struck fresh troubles, losing newly appointed chief financial officer Ayten Saridas only weeks after the would-be copper producer was forced to withdraw plans to raise cash in London.
SolGold “tested the market” for a significant raising in July but was forced to pull its attempts to raise fresh cash on the London market amid renewed tensions between the company’s fractious shareholders groups, according to comments made by chief executive Darryl Cuzzubbo on the sidelines of the Diggers and Dealers conference last week.
The company has now lost the services of Ms Saridas, who only started her role as the company’s chief financial officer at the end of June. SolGold non-executive director Keith Marshall stepped down from the company’s board on Thursday, with former exploration boss Jason Ward also leaving the company.
Mr Marshall was one of a suite of SolGold directors that saw a substantial shareholder backlash against his re-election at the company’s annual shareholder meeting in December, amid a backlash at delays to the delivery of the pre-feasibility study for its Cascabel copper-gold project in Ecuador."