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Sorry I missed that Lunch...I don't read posts after 17.00 normally having put the UT to bed.
Thanks anyway.
As Ingo was appointed in July 2019 I suspect the 7 million options are his.
I haven't yet tracked down who got the other 1.5 million
Nadine Dennison was appointed in January 2020, so I suspect it was her....formerly with BHP for 7 years, she left Solgold in April 2021...I wonder why...?
"During the year ended 30 June 2020 the Group employed the following:
• Ingo Hofmaier into the position of Executive General Manager – Project and Corporate Finance
• Nadine Dennison into the position of Chief of Human Resources
• Peter Holmes into the position of Director of Studies
Peter Holmes wasn't appointed until March 2020...he worked for Barrick for almost 9 years in roles directly relevant to the delivery of the Alpala project:
"n 2013 – Mar 2015
Employment Duration2 yrs 3 mos
? Ensure the highest standards of safety are incorporated in all activities.
? Provide leadership for the development and maintenance of a high performance Capital Projects project support team including day-to-day management.
? Develop, maintain and report on annual budgets and schedules for Capital Projects group including managing CAPEX and OPEX for the projects ($9 billion portfolio)
? Functional Manager for project execution including Safety, construction, project controls, risk, and security including development and maintaining processes and procedures.
? Manage, coordinate, and administer all the engineering, procurement, construction management (EPCM) alliance activities, working with the EPCM contractors to establish work processes, resource plans and schedules to align with Barrick’s project pipeline.
Hahaha earthling never left the board.
Because I believe in facts on here, I have done further digging back into the 2020 Annual Report, as a result of which I am happy too admit that I was wrong about the issue of options at 25p.
Thanks for pointing this out Bozi...it was indeed too much of a coincidence.
I apologise.
"On 27 April 2020, the Company issued 7,000,000 unlisted share options over ordinary shares of the Company to an employee in line with an Executive Service Agreement executed in July 2019. The options are exercisable at £0.25 and expire on 26 April 2023.
On 27 April 2020, the Company issued 1,500,000 unlisted share options over ordinary shares of the Company to an employee in line with an Executive Service Agreement executed in January 2020. The options vest over four months, are exercisable at £0.25, and expire on 26 April 2023."
pot, thats just the crap im talking about, ive now got 5 aliases and im a cgp and bhp plant, idiot!!!!
Give it a rest earthling!
good morning finger, now youve had time to reflect on last nights hysterical post, have you calmed down dear. as i have said to your other clapping hysterical mates. the only thing your hurting is your own mental healths. you all need to accept if you post crap you will be challenged. im sure you will calm down when you either think before you post, or better still dont post.
as for you novice, mate, words fail me. i refer you to my earlier posts to you. grow a pair of your own mate.
Unsubstantiated claims re Mather
Scare mongering over a gap today that didn’t exist
Previous alleged in-depth conversations with SOLG that were questionable to begin with, and resulted in the (let’s generously call it ‘still to be seen’) greatest hole in S America
A naked anti-board pro BHP agenda
It all adds up don’t you think?
In the words of the man himself “I’ll leave you to come to your own conclusions”
ho ho bloody ho
Mathers - I hadn't given that poster any credence if I'm being honest.
They are entitled to their opinion but when there's nothing to substantiate it apart from trying to fling mud then I simply won't waste my time.
RK's presumptions however are bordering on slanderous. He really should know better.
Bozi,
Look at Harry’s post at 19:32, doesn’t that tell you something? Another one who just goes with the flow of accusing without justification, now who looks silly Harry from a content happy clapper
Atb
As for the three persons that recommended that post, you should be embarrassed, unless you're working in concert that is to undermine and disrupt actual SolGold investors.
It really is flat earth type stuff.
Lunch, completely agree. There's absolutely no basis to claim that the 1,500,000 share options were exercised by NM, particularly as there were no regulatory filings in the UK or Canada, which there would have had to be if he acquired 1.5m shares as a director.
And also RK, you fail to mention that the 300k shares were not sold by NM personally but were sold by the Mather Foundation in order to fund it's charitable donations. The RNS clearly states the foundation is obliged to sell assets to fund these donations and it's year end is 30 June, so hardly controversial that it disposed of these shares in June.
Anyone else noticed that “happy clapper” seems to have become the new insult de jour on here?
Lunch Money - and well done for holding Redknight1 to account for his utter fabrication at 18:40.
Red/Terry - that post was full of inaccuracy and you would know so if you had any idea about how the MAR rules work for PDMRs.
You have absolutely zero proof of what you allege and you would be best, in my opinion, retracting those comments.
Harry,
You say there rests my case, what you talking about?
Oh you poor little thing, mummy says challenge these bad people, don’t talk like a big tart.
You abuse posters then try to claim you’re bullied and won’t stand for it by happy clappers, get real and grow up.
You presume far too much, NM hasn’t a clue, turn that around towards yourself, anyway you are pointless and you’ve set your stall so we know where you stand before the fall
Atb
I've never liked the amount of confetti free share option's the board and Nick have given themselves over the years, along side their fat wages.
But everytime I've raised the point , you get the same response, it's the industry average,, its standard practice blah blah, I except that, but there lies the problem, the whole system favours them and anytime you question it, people say you don't know what your talking about.
People often dont like the way things work but feel uncomfortable when you question it.
Anyway on to a lighter point, who took my advice and bought in last week for a quick trade while we wait?
Ps seanhunter is right, everyone was moaning last week, but today at least 2 People said they were loading up lol you could not make it up.
must respond finger. no bully mate. do what my mum taught me. thats to treat people how they treat others, you and others on here think you have a divine right to say whatever comes into your head, and abuse any challenge. your entitled to your views. and yes nm may have got us to where we are. that finger is the point. he hasnt a clue what comes next. your last sentence sums up you clappers. LETS HOPE he can surprise us. LETS HOPE!!!!!!!!! there rests my case
Mouth piece Harry,
Read your own posts about bullying and having digs at people, you alright in the head?
As for NM and the old board, these are the one’s that have cleared the ground for where we are today, not just what they have uncovered but how they have settled in Ecuador with Ecuador’s blessing and the communities.
Do you realise how valuable that is? No you just want to mouth off and let BHP in for a song and get diluted to hell, you may come back with some smart ar*ed answer but you have shown your colours.
Anyway Solgold getting on with business and all seems well so far, let’s hope they can surprise the market with some sound news soon.
Atb
interesting post rk. unlike the nm happy clappers , i had drawn my own conclusions. To your post you could also point out many more share options, that begger belief with his dgr holdings. but the bully boys are to busy abusing others to see the wood for the trees. unfortunately if nm is not removed along with his cronies, the clappers will realise to late.
I've just been studying the SOLG chart and I'm hopeful that a huge Pennant has been forming over the last 5 years or so and a strong breakout to 30p and beyond could see a sharp move higher, but....
On 24 May, the excellent Cascabel/Tandy news was issued and the SP rose from 28 to over 36 over the next 4 dealing days...
But....on June 10 1,500,000 'employee' share options were exercised, presumably by Nick Mather...
Over the next 6/7 days he sold 300,000 at an average of 30.71p...
Over the next month the shares continued to fall steadily to bottom out at 24.65p....
They have since only briefly recovered to 30p and later to 32.7 on the Rio news, but in general the trend has been downwards since Mather's sale...
So when I dug back I found that the 1,500,000 options were issued on 27 April 2020, as part of a total of 8,500,000 exercisable at 25p when the SP was only 26p, just two days before a positive Alpala metallurgical report but, more importantly only 2 weeks before the Franco Nevada deal was announced...
In my experience, 'incentive' options are normally issued with an exercise price significantly above SP at the time of issue, viz the raft of options issued at 60p since then...
I'll leave you to draw your own conclusions...