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"SolGold overhauls management suite as Cascabel focus ramps up"
Can't access the full article but gather some in the city think it's a good thing to see the management overhaul.
Mmmm... like I said... who are we trying to please? Most of the old director and management crew are now gone. Just Mather and Twigger left I believe?
Morning all
https://www.mining.com/solgold-reshuffles-c-suite-as-it-ramps-up-cascabel/
Pinot
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Morning pinot ,nice to hear from you let's get NM back as director
Thanks pinotnoir
Take a look at Keith pollocks LinkedIn CV he is a 1 to 2 year in and out job done kind of operator :))
Read between the lines
ONWARDS AND UPWARDS
Morning cc hope you're well, i'm still lurking in the background..
I bet NM would love to be back at the helm ..he did help keep the lights for quite a few years....
Pinot
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Morning Mathersfinger...you're very welcome
Pinot
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Mornin pingu
Thanks for the link
& nice to see you....................
psssst - can I get an eye roll for old times sakes lols ;o[
bn.c
Yep pinot
In fact, NM never failed to get a fund raise away even in the bleakest times of the commods bear market - SLOG still got fund raising sorted for Alpala / Cascabel...............go figure!!!
R's
BN.c
Good Morning Bnc...you're welcome, but of course..
I've been doing a lot of eye rolling here lately....lol
Pinot
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Yes am good pinot hope your well indeed he did keep lights on
Now were's that grumpy Zoros, he normally appears when i do...lol
Only joking Z..
Pinot
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ur not the only one Pinot- trust me!
thanks BNC... so Sean's article was actually pretty balanced and not such a doom and gloom scenario as he points out.
Guess it always pays to check the source and read the article in full or things can become misinformation by selected cut and paste.
I'm Sean will be scouring the Internet to find another negative slant pretty soon. For balance... would be good if you can serve up some more negative stuff Sean as the market at present seems to have shrugged off your doom and gloom view.
"would be good if you can serve up some more negative stuff Sean as the market at present seems to have shrugged off your doom and gloom view."
Isn't this the reason ColonelDrake was banned for doing so on ggp? I am Looking forward to being proven right again.
See you all soon.
ray
i know you have beef with some here............but how long do we have to put up with this nonsense from you goading others on here and picking fights ad nauseum..........could you please have ur arguments elsewhere as I for one am fed up of having to read this cr-ap from you on the SOLG discussion bb constantly............
I wish you no malice - just bored of the infighting on here which detracts from the decent informative info..........
Respectfully,
BN.c
Fort, firstly your snide, misogynistic dismissal of Ms Saridas does you no favours at all mate. Seriously.
Secondly, as for your advice - don't bother giving out advice to buy, sell or short on here, period. You are not qualified.
Do I still believe a bid will come - yes definitely, but it could be years away still, years in which the BoD can easily take us down to single figures with ill conceived over ambitious plans.
Will I continue to hold? Yes, i have a stake I will keep through hell and high water.
Will I ever trade this again? I'm not sure, certainly only if we stop falling week on week and establish a nice stable fluctuation.
Would I short this? Never shorted a share in my life, don't think it's possible with my HL account, and it would be utter madness to try to short a share in a company that BHP could bid on at any time.
That's all you're going to get from me mate, if you don't like my pessimism feel free to either show me some reasons to be cheerful, ignore me or filter me.
BNC, it's astonishing that this poster hasn't been banned by admin as he seems to be stirring things up in exactly the same way as the very people that he seems to snitch on and get banned. Quite ironic really.
We could have a vote on him being banned ? Then hand that over to admin. Very diplomatic. Or he could behave himself and follow the rules that admin expect.
Lets see how it goes and then review later.
Sean, chill... keep posting your negative stuff as it gives a nice balance. All the positives are out there for you to see but I guess you have to be invested to see them and you are clearly not.
There will always be believers and non believers but you must remember - if you walk into a Man U fans pub and start singing your xxxid and you are going no where ... long live the city.... then I would guess you'll be met with some pretty strong words and lucky to stroll out of there with nothing broken.
As I said... no problem with your negative slant but expect it to be parried or a riposte from the believers as positivity is needed around here not negativity. BHP and NCM want the negativity in bucket loads. It does 'us' no favours.
Morning big man,
Well just came across your little gloating from yesterday morning....maybe a bit premature (once again....) :)
Yesterday news certainly not inspiring confidence, however it seems the market for whatever reason not that concern, so far anyway.
Remains to be seen, as always.
Won't work slug as I've not broken the rules besides admin are more than aware of you because I report you constantly.
Fortissimo
Irwin’s silence does indeed speak volumes and indicates to me that whatever the plan is, he is indeed still onside . Between Nick ( in his various guises) and CGP that’s 20% …. You can be sure that the likes of Tenstar , Valuestone, Norges & Blackrock will want a decent return on their investments too.
There is also no guarantee that NCM will roll over for BHP and will also want top dollar for their “strategic investment “
So the reason BHP have not bid is either because they don’t think it’ll succeed or they just don’t want it …… it seems to suit their MO moving forward perfectly, but the same could easily be said for Barrick, Rio ( less so ) and the Chinese ….. all will have to play out prior to December’s AGM
It’s clear all this squabbling is simply an attempt to detract form any constructive debate
DBW, agree, it's clear that there is a number of investors out there that when combined total more than BHP and NCM's weighting and that's a real powerful position to have. I'm not sure I would include Blackrock on Mather's side but think they'll want a very good return. They've been in SOLG for many years.
The fact that they moved their 'instruments ' from 4.3% to 5.6% (could be higher or lower now but lets go with last update) suggests that there might have been a 'rights issue' being lined up. Now some on here are familiar with rights issues and some may not be. The point of a rights issue is to manage dilution but it also favours the biggest holders as they can afford to retain the rights issue shares, while most pi's will in effect have to sell their rights. This means you bank the cash from the dilution so retain your stake but sell your rights shares which are normally at a discount and you get a portion based on your holding so art rewards 'holders' and penalises those that have sold out and are on the sidelines. As they will get none or limited rights issue shares to sell or retain.
I think blackrocks move and Norges speed in getting up to near 4% suggests that both were ready for a rights issue. All in all, these rights issues can be costly so you really need to raise at least $100m+ to make it worth while.
A rights issue would be the best scenario and reward 'holders' or allow them to manage the dilution.
If a Rights Issue was the way forward, we'd need it underwritten and I wonder if there's any appetite out there for that, particularly after the recent debacle.