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NAL, you have ignored my question. Or is it that you didn't understand the question?
You have your opinion of us, so please put us straight since you think we are wrong. What is your opinion of the 2 solg BOD members not standing for re-election? Have you heard anything in Oz that would explain their decision not to stand? What are folks in the mining community where you live are saying? Clearly they would have something to say because they previously gave you such an accurate tip regarding a pending bid. Don't be shy, please elucidate on the politics at solg towers from an Aussie perspective. It would make a change from you only commenting on our posts while contributing nothing of substance yourself. I await your insightful comments.
Adikt, eloro, Copperpot.
3 used car salesmen.
Who all by coincidence, have contact with solg board or irwin.
Who also by coincidence post theirconversations.
And guess what, also by coincidence report that their contacts, back up everything they've posted.
And then by coincidence, all three jump on the band wagon to defend each other.
Bloody hilarious
Indeed Add, Lord Nincompoop NAL has arrived:)
NAL, what is your opinion of the 2 BOD members not standing for re-election? With your connections in Oz I thought that you might have heard something.
Perhaps I shouldn't expect you to answer that question given how your grass info about developments re a possible bid turned out.
Two green boxes can only mean the Aussie moron has decided to make more of his fatuous observations. What an absolute champion ar5e that bloke is.
Sorry eloro. Had a senior moment. Forgot your up there with adikt and copperpot, in the sh''te posting stakes.
My mistake
Eloro. Your school boy is once again showing through.
In the cold light of day, do you really think irwin would tell adikt a P I on a public forum board, what adikt claims he was told by him.
Of course not. Its up there with the copperpot, look at me, I'm important shi**te.
Get a grip, stop being so gullible
Cheers Add for clarifying.
The fact that Twigger's name appeared in your post was indeed prophetic.
Definitely things are starting to become more interesting politically at solg.
Eloro, no he didn't. He merely observed that the 'entire board will be under pressure' and then went on to say he thinks SC is doing a good job. He did not give the impression he had any inside info on the matter and was responding to my question about the situation. It's interesting how quickly he was proved correct.
I remain baffled about who is aggrieved and why.
I wonder if the AGM circular to be released next week will contain any explanation of the situation, accompanied by what has now become a regular event, a plea for our support?
Morning Bob
I’m happy for Nick to stick around. He’s about the last connection remaining with the company I originally invested in. He’s aligned with all pi’s as far as wanting bang for his buck, it’s clear mistakes have been made along the way but they can’t all be laid at his door. Sure he has an ego but I’d say that’s more than common in this industry.
I’m also very hopeful that Scott remains on the board although I believe he can remain CEO either way.
Bob that is misunderstanding the situation.
Nick is here because of his holding and the holdings he controls.
Altogether he is the largest stakeholder here.
It's absolutely correct that he is on the board.
I would love to see Nick go. I’m happy Twigger has gone. I’m keen for Steve to stay and run the $h1t show till the end. Nick is a narcissistic in my opinion
Aquinaga
He can’t even remember the lying purchases he boasts about making T20s or not.
He didn’t buy 250k on T trades he bought over 300k, if you’ve just put the cash in to cover those trades you would know how many you had bought. The fact he got it wrong shows how much he lies.
The guy is just an out and out clown 🤡
He was as bullish as when he was ramping and buying in the 30s and expects everyone to believe he has an average around 10p, that is hilarious.
He is well underwater and is desperately ramping to dig himself out of a very big hole, not sensible for a pensioner imv
There is only one other poster who lies more on these boards, but I’ll leave it at that
If you read the press release it looks very positive. The company that have issued that RNS clearly seem excited by it.
Well worth a read. Good find Ortherncopper. Nice to see you finding something positive for a change!
Add, you had mentioned in your email exchange with Warren that the whole BOD is under pressure with changes expected after the agm (Twigger for the chop?)
Well it happened before the agm. This implies that Warren had an idea what is going on behind the scenes. Did Warren go into any details regarding the possible BOD changes in your email exchange withhim? Just curious.
Ecuador is a funny place. It would appear that they are willing to tolerate illegal mining, but don't want properly permitted mining. At least Perez has gone quiet for now.
Add, My reading here is the miners in this release are saying the existing Lasso presidential decree will still stand… but that is just for now, they make no mention that it will now be open to judicial review, and so possibly being cancelled/rescinded
This ruling affects all environmental license applications across all sectors.
Standard Ecuador bumps in the road…
Orthern, thanks for this, but I'm confused. Is it good, bad or indifferent news? Are there implications for Cascabel?
Sorry BPHIL I meant to put “if there is “
I also think it’s close and can’t deny I hope it is but sadly neither are facts!
Sorry to be pedantic, Aqui , but the only way that is not a factual statement is if you think there will never be a bid ....and only Quady thinks that :)
I also think we are very close by the way ...
Redknight classic!!
“ It wouldn't surprise me if we are as close to a bid as we ever have been... ”
Of course we are!!! It hasn’t happened yet and as any bid is in the future it is always getting closer!
You make some good points but please try to reign in the ramping. It does you no favours.
Jerry,
What's your average holding price on SOLG?
Sorry Colonel, not corporal….
rk, i don’t disagree that it should valued way higher, but it isn’t. i have analysed a few deals in the past and mining deals are the hardest. some many things unique to every deal. grade, tonnage, depth, impurities, aisc, jurisdiction, local skills, taxation, legal, management (!), sales route, ownership. probably missed a few.
not sure i want to put my trust in belief statements…..
as i have often said ‘great asset (i think), absolutely **** management’. something i think even the corporal will agree on.
My read is as follows:
They saw the writing on the wall and thought, 'why stick around to be defeated at the AGM'.
But the question is, what is the writing on the wall.
The votes at the last AGM suggest Clare was toast anyway and Twigger may have had feedback that because of his poor corporate governance decisions in the past, the likes of BHP and Newmont could not support him as Chairman. And if he was not Chairman, nobody would stick around as a lame duck Director.
It may equally be that when the CGP guys came on board they agreed that he could stay because they expected a sale of SOLG early in 2023.
But heres another possibility....the 'writing on the wall' is that SOLG will be bought out before long, so there is no reason to hang around. They wouldn't need to sell their shares. It wouldn't surprise me if we are as close to a bid as we ever have been...
I do hope Maria stays because she is sound, truly independent and truly well connected in Ecuador. I was sorry that Elodie went, but Scott was slimming down and the focus was moving to Ecuador and Australia and she is London based. Equally, although the cash box fiasco was a major factor, Ingo did not want to be Oz based because he has a young family.
So what of Scott and Dan. In theory they could both get voted off but why then appoint Steve? Doesn't make sense.
Even if Scott was voted off the Board he could still stay as CEO.
If the lot get voted off that is hardly a vote of confidence but I believe that would leave SOLG as cannon fodder. There might be a short term hit to the SP but surely one or more of the serious parties in the data room would fight over the scraps and then we have a bid battle on our hands.
So I don't expect a bloodbath and I do expect Nick to survive, even though he is an anomaly...neither Independent nor an Executive Director.
But I do believe at the end of the day that the CGP and DGR interests will prove material. The institutional investors other than BHP, Newmont and Jiangxi should surely not want the company completely destabilised....
Cheers for now...
Fair enough Jerry...so you are holding what you have...please read the belief statements and the facts that I have quoted recently, such as the readacross of the Lumina deal. I may have got the figures slightly wrong but prorata SOLG should be valued way above where it is now...
Rodney I have used T20s in the past when I didn't have the cash immediately available.
Indeed I've just had two mature where I paid the cash in before the closing date. Reminder that took me and the missus to 1.4 million...the 250k I bought on T20s was at an average of just over 9p...
I have never been more confident that the next few months will resolve everything.
Just look at what credible people like Irwin, Middelkoop et al are saying. And the Analysts average is over 60p.
But above all I am ultra bullish about gold, copper, silver and Junior Miners...its time...and either SOLG will get swept up in that value uprush or it will scare one or two predators to come out of the woodwork...