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SM, no.
Just reading through the specials. Does 11 (b) refer to the 157m(?) shares we hold? Do we need the special to pass to be able to sell these?
This board has always been fractious, but it's interesting to note how people who, broadly speaking, have been on the same side are now opposed to each other.
One group believes it understands the strategy Caldwell is pursuing and is prepared to support him, the other doesn't. This is not a criticism because I think it reflects on the corporate communications which leaves so much open to interpretation.
Those who support him feel he's taking logical steps to enhance the value of Cascabel and recognise this is not a quick process. The alternative view is that he's wasting time and shouldn't be allowed to continue in-post. The reason for our disagreement is that he hasn't made a crystal clear comment that he intends to sell either Cascabel, or the whole company, and he hasn't given us an unambiguous update on progress. But the fact remains that both sides on here want the same thing - to sell the asset, and yet we are at each other's throats.
So should he issue a clear notice of intent? From a traditional corporate finance point of view, probably not; the thinking being you don't want to reveal your hand in any negotiation. The counter-argument is that everyone away from this board already knows it's for sale, so an announcement is superfluous.
I'm of the opinion he probably should make a statement, but I wonder how the government would react, and if the company has judged it wouldn't be a good idea, we should respect their decision as they know what's going on and we don't.
So, it all comes down to communication and I can see how Caldwell, who I have no doubt is acting in our best interests, has decided it's not appropriate to come clean just yet. Everyone is free to vote as they wish, but I'd urge some careful thinking as it could lead to some very nasty consequences.
We had a very productive 12 months and the finish line is in sight.
Support the Board.
That sounds fair to me Gino.
Absolutely Bozi! I'm astounded that any PI with a SOLG shareholding could be thinking otherwise at this stage of the game!
Mind you I'm not voting to give them licence to issue confetti shares. I would need to know the purpose for the issue.
Fortissimo - not the first time they have pushed back an AGM. In 2021 it was moved back from 8th to 15th Dec (meeting notices all available on SEDAR).
That was the AGM Brian Moller was voted out, and James Ward was almost out too (c44%).
So perhaps, even with Clare and Twigger leaving, some directors are still at risk? Caldwell? Nick?
Whatever happens, I hope PIs know how valuable Maria Alban is. At least vs. her low salary. Relations with Ecuador Govt are key over next 6 months.
No Fort.
It's not going to be a nice AGM because plenty of PIs are going to put their egos before their brains and engage in a protest vote, despite it being quite possible that we could for example, secure our mining agreement by end of Q1 24, publish the phased development plan by end of Q2 24 and potentially have a value creating proposal on the table by end of Q3 24.
All timeframes are indicative and not quoted by the company.
Instead, let's can the CEO and the bankers engaged to conduct the strategic review, thus throwing the company strategy into complete chaos.
It will be the final act of self destruction from shareholders.
It amazes me people think there would be a long list of candidates willing to take over when the previous two CEOs had barely held the position for 12 months apiece. Delusions of grandeur.
As the man known as 'Chairman of the Board' (Frank Sinatra - if he was our Chairman I bet he would get things moving!) said - 'if it flies, floats or f**ks, just rent it!
Https://solgold.com.au/investors/
Bottom of the he page for anyone interested
"9 =10p average" remember according to your post.
Just a suggestion to average down.
Fort, can you remind me where I can see the AGM Agenda or has it not been released as yet? Not obvious on their Solgold Website? Set for the 20th December now, is it?
No need to buy anymore here tiny fully loaded and happy with my lot her tiny e.. you do you I’ll do me buddy
Not really sure what concern I am to you and not interested one iota in what you buy or sell buddy …
Have a great day 💋💋💋
We need something to get the majors moving. I’m still in positive territory despite having foolishly topped up at ever decreasing “bargain” prices.
Those who first came in at any of those “bargain” prices must be hurting. The share price reflects value, I and everyone else on here seem to be living on dreams that fly in the face of the facts. But I’ve stuck with this so far so fingers crossed again!
It's past your '9p' average novice you should top up soon to average down.
I'll be buying some.
@fort or maybe the good news will land just after the 13th. I am still hoping, even if I have already voted against these clowns
Thanks dbw it’s all starting to fall into place now… I don’t think any of us gives SC enough credit for what he is doing here
ONWARDS AND UPWARDS!!!
It's not going be a nice AGM is it? So no wonder they have attempted to tuck it away like they tend to do every year. That said, the surprise this year was that it was set for 13th December (as per MD&A / SEDA filing) but then got pushed back 9 days. It like they thought they had good news to announce and hence a nice jolly AGM on 13th and then didn't have the news and so go for a tuck it away date like previous years.
Noboa not wasting much time trying to boost the mining sector
https://www.bnamericas.com/en/news/ecuador-tax-reform-bill-promises-relief-for-mining-companies
I'll take my long term estimate of 56p.
Do I think that might happen?
Well, I think it might still happen, as much as it looks remote at the moment.
Sorry, but somebody has to keep it real.
Sometimes I feel like I'd take 20p, just to finish it.
Bbg. yet another clown who smacks of desperation.
posts anything that comes into his head as a comfort blanket, rather than face the truth.
talking off truth, what made you leave oz, and move to Italy.
At £1 a share, Quady could get a new skoda and telescope for perving on his neighbours, red could buy back the merc he had to sell “for green reasons”, Tesla could get the rolls Royce mild float instead of his ugly jelly mould, and need a wife could get…a ladyboy from Thailand
As for yachts, I’d settle for hiring one for the day and filling it full of totty to admire me in my leopard skin thong
Now, if Bob really wanted to impress me with a £2+ sale, I would love one of these...https://www.cnbyachts.com/en/yachts/78/
One can dream......
Yep, the new Beneteaus are pretty cool and sportier than the previous models. If you buy one of these you might just need to get some of the systems rewired and refitted as Beneteau has cut corners with the things you don't see.
When we were dreaming of £1+ sales, I was thinking of one but realistically it's not going to happen.
Would you use it in Australia or the Med?
I don’t give a sh’it if I am here for another 12 years. I am building generational wealth by acquiring units at today’s share price.