Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Yes am good pinot hope your well indeed he did keep lights on
Good Morning Bnc...you're welcome, but of course..
I've been doing a lot of eye rolling here lately....lol
Pinot
:0)
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
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
Sorry seems to me to be another question.
Can we find out the details of the failed fund raise.
My thinking is we asked for a premium to the current share price. Like the 46 pence raise.
Maybe that's why it failed.
If we can find out then, we can discuss the next steps for a successful fund raise.
Morning Mathersfinger...you're very welcome
Pinot
:0)
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
:0)
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
Thanks pinotnoir
Morning pinot ,nice to hear from you let's get NM back as director
Morning all
https://www.mining.com/solgold-reshuffles-c-suite-as-it-ramps-up-cascabel/
Pinot
:0)
"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?
Thank you addicknt, as I thought that was the case but I was unsure. I agree about the consequences, but it's nice to know that we have options.
It does annoy me greatly that the company cannot seemingly execute on the royalty deal option because the two major shareholders object. They represent just 27%. The majority represent 73%. So why don't SOLG put it to an EGM??
Like I said a while ago, if NCM and BHP want to avoid royalty deal then stump up the $100m (if it is that amount) at 35p a share and that's fair. Trying to force a company to do a very dilutive cash raise is tantamount to an underhand takeover using undue influence.
If these two are the main issue then lets go out to Rio or Barrick and offer them a JV stake in ENSA for XXXX and then see what BHP and NCM do.
Knowing what Mather is like, he's going to have something like that up his sleeve I'm sure. There's no way he's going to allow a easy dilutive share placing to BHP and NCM. No way at all! He may as well put the business up for sale.... which is probably why you'll see a 'change in strategy very soon'!
Q, my understanding is yes we can. I suspect the potential consequences are what's deterring DC.
With the resolutions passed at the last AGM.
Can Solgold do another offtake agreement without putting it to the vote.
Just a technical question. Not interested if it's desirable or not. Can the BOD do it. Yes or no please.
BHP are not the only show in town. Newcrest and Rio are also experts on block cave mining and the Chinese are very keen on dumping their dollars for strategic assets. The trouble is at the moment all the poker players are sat at the table looking at their cards and pretending to be disinterested. Expect a whole flurry of activity once one makes an offer.
Can't open that link Sean........
Any chance u could repost?
R's
BN.c
It seems that once again we are at loggerheads with our most important shareholder. Twigger was right to issue that statement in 2021 and he'd be right to re-iterate it.
For whatever reason BHP seem reluctant to buy us at the moment and are manipulating the company to an agenda and timetable which suits them - this is unacceptable. Our board needs to force the issue as we cannot continue to operate effectively whilst in this position.
It's difficult to see any solution which avoids a full-on confrontation and DC needs to grab the bull by the horns and take some form of control over the situation. At the moment it feels as if he, and we, are being pushed from pillar-to-post by BHP and this is not helpful for any other shareholders, to put it mildly.
Incidentally, I've seen a response to another shareholder from Fawzi which claims the recent spate of departures are all part of a "transition" of the company and were planned. However, he qualified that by adding the word "mostly". I'm afraid this response is right up there with the translator announcement.
This has got takeover in large or partial, written all over it. DC and BHP are in bed together. BHP have told DC to clean out the office in preparation for a JVA. It’s not going to be a bid for solg otherwise BHP wouldn’t care less who is running the office, they would simply dispose of them anyway after the takeover.
This is preparing the ground for aJV@Cascabel by BHP.
Out with the old in with the new.
Read between the lines of ask those who have left. They have all been pushed because they know what’s coming.
Z
Morning BBG,
That's a very pertinent quote and prob even more in play now than a year ago........
One does have to ask the question exactly who is actually running this company - cuz it certainly doesnt feel like SOLG are!
atb
BN.c
Hope SOLG dont get backlash from this, as Ayten took one of her receent employers to court
https://whistleblowing.com.au/news-oilsearch-whistleblower-test-case/
The Chairman simply needs to release this statement (first released 3 Nov 21)
“However, it has come to my attention in recent weeks that one of SolGold's significant shareholders, BHP Group Ltd., has been actively canvassing certain shareholders and members of the Board seeking to persuade the Board that each Director should stand for re-election at the upcoming AGM.
Ultimately, if a party wants control or to significantly influence the development of your Company, the party should put forward an offer that results in all Shareholders benefitting from a premium that reflects the value of achieving control or heightened influence.“
Something has to give BBG - all this malarkey just highlights what a sought after asset we have.
Put up or shut up