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For sure 1984:)
Solg data room is Hotel California, just like owning this share:
https://youtu.be/09839DpTctU?si=5mBua4y4qRBduYpN
As a technology afficionado you know what a data room is.
It's a part of the website that is locked to authorised parties only and behind that login is all of the maps, photos, drill results, resource estimates and everything to do with the current iteration of the PFS.
What even is it anyway? Surely all data is in databases, why would they have a physical room for data?
All I can think is they keep actual samples in there for verification?
I heard Quady came out
Do you think once they go into the data room they never come out?
At this stage, I will happy to move with 30p. Took so much time.
Oh dear Redknight talking rubbish again, he cannot even listen to company communication's.
We do not have twenty parties in the data room.
We have five.
The quote was twenty parties have passed through the data room.
Five parties are still looking.
So van Barneveld has Mather connections because they're both Australian. That it?
Any links to another Mather business?
"An auction can happen if the majority want that option. "
Please point me in the direction of an auction processs for the sale of a company because I must have missed it...
And no I'm not talking about bid and counterbid...you seem to be suggesting that SOLG can have some sort of car boot sale.
If the 20 parties in the data room don't know that SOLG is for sale they must be deaf dumb and blind...
And as for Jerry's suggestion that the Board might accept a bid of 20p...what are you smoking mate...?
NAL = Nincompoop Aussie Loser:)))
A very good post Jerry. Not pleasant reading but a very good post. Not to forget the continual dilution that got us to 3 billion shares. And it's not as if we haven't been punished for our sins, sitting at 9p.
One question is whether Twigger knew of his upcoming 'booting' or not when he bought 750k shares £75k's worth although guess it doesn't matter a jot as it's still cheapest price he's been able to buy at for years thanks to CGP boys coordinated sp destruction.
Another question is who the xxxxck is Mr. Adrian (Steve) van Barneveld? CV wise he's no one special. So why Mr Barneveld? Who's buddy is he or who's side is on? He's clearly Aussie based so could he be Mather's mate? And that's the 'balance' in exchange for Twigger or who clearly Mather's mate before although supposed to be impartial as a chairman?
So lets review yet another CGP boys destruction of value then...
1. They boot an 'invaluable' and industry respected experienced chairman
2. They boot a non exec that is one of the leading mining lawyers in Canada. Lets put him in CGP boys camp.. but erm.. he's a lawyer... so... mmm.
3. They appoint Mr Barveveld who looks Aussie based (poss connections to Mather) and his CV looks average at best.
So we had well respected chairman... well respected useful mining lawyer... and we now have neither... and some guy that quite frankly looks like he just a head nodder / proxy vote for someone... but lets not rule out a possible BHP connection due to Aussie roots. So could be BHP... but not wanting to whip pi's in a frenzy... best pick someone that doesn't have BHP jumper suit on his CV.
mmm
Padmaster, given that the general feeling on here, is that were where we are because of previous management,
Just wondering if you still hold your oft repeated opinion, about mather and his team.
Or if upon reflection, you wish you habnt posted so many ditties proclaiming " in mather we trust"
And telling us he was the " messiah"
We've got another like you on here, but he claims irwin is his personal adviser and like you with mather, he tells us daily of his devotion to irwin.
Like you, egg and face come to mind
Https://www.newswire.ca/news-releases/constitutional-court-of-ecuador-issues-ruling-on-constitutionality-of-environmental-consultation-decree-leaving-the-decree-and-consultation-process-in-effect-pending-law-from-national-assembly-860475742.html
It’s a bit of a complex read, but would almost certainly have an impact behind the scenes
Great post Jerry. And a couple of brilliant one liners made me chuckle 😉🙋🏽♂️
"Besides CEOs do not control the share price, they control the strategy and strategy is only one factor affecting the share price."
Should we interpret the plunging of the SP from 40p to 7p as a failure of the CEO's strategy then?
An auction can happen if the majority want that option. Not long to wait to see how events unfold at the agm.
Can't argue with any of that Jerry.
I don't think there is a timescale on it Jez, but it's hard to see it completing before the phased PFS plan unless someone makes it worth our while.
I havent really bothered to post on here for a while given the petty squabbling and entrenched views being repeated over and over. But IMO the situation is becoming clearer, though the end result isnt. Here is how I see it:
1. This isnt an easy sale. I know that the deposit is very complex and the cost to mine is enormous. Why do I know this? Because someone who works for a company who has looked at Alpala told me so. He is a near neighbour. It puts a lot of people off.
2. SC might not be everyones cup of tea, but is there an alternative that will get a better result? I really doubt it. Another mgmt team will weaken the sp further (more uncertainty) and they will be trying to do the same thing, but it will waste another 6 months min.
3. The past has been an unmitigated disaster. Clearly an appallingly run company with blame all over the place. A complete rogues gallery, Mather, Ward, Cazzubbo and probably Twigger too (though I have it on very good authority that he is a top bloke doing an impossible job).
4. Quady still thinks that we are going to production with a staff of seven and no management skills, but we can hire in hundreds of people who are fully qualified and just walking the streets of Quito looking for a job. He says listen to the company - 'We are mine finders, not mine builders'. I just did Quady, sounds pretty emphatic doesnt it? Any move to mining will be the final nail in the coffin, proving that there is NO buyer out there.
5. So 45p to 8p might be The Lassonde curve, it might be junior miners getting crushed or it might be that Solgold is one of the worst run companies in history. Probably all three.
6. We are left with one plan, and everyone knows it. The hope is that Alpala is such an amazing deposit that every big guy wants it and a bidding war will ensue. Its a bit like the traders prayer - 'Please God get me out at breakeven and I promise I will never do it again'.
7. How many buyers are there with this kind of money, who hasnt made big recent investments elsewhere to keep them occupied? BHP and the Chinese. Maybe the Chileans. Forget about Gina, Twiggy, Barrick, Newmont and Lundin.
So we are left hoping and praying that the Chinese want it and will pay a price in the 20s. There is no alternative. All IMO....
What's the SR timescale Bozi ?
Q1-Q2 '24 ?
Did you manage to keep a straight face when you typed that first sentence red?!
Eloro - consider those paragraphs together.
How can Scott run an auction if stakeholders have plans to mine?
Stakeholders like Jiangxi or Newmont will want to ensure every box is ticked before they push on with their plans so that's what Scott is doing whilst operating the SR. He's trying to produce a turnkey asset that will bring a better valuation.
Right on Italian...so much speculative nonsense posted by people who haven't a clue what theyre talking about...
Thank God they're not on the SOLG BoD...
Add to that the derampers and those who keep thinking their negative thoughts and worst nightmares out loud and no wonder the SP isn't making progress.
Listen...The Board and Darryl did a huge amount of damage with the failed cash raise, which Ingo and Ayten were against and it cost them their jobs...
Not a good look when the CEO is demoted and his successor and the other key Exec Directors leave, an interim Board takes over, Twigger talks about the Code of Corporate Governance and then ighores it by not putting all the Directors up for re-election.
Scott probably couldn't believe what a mess he walked into.
And all those plus the criminal lack of communication and shuttingh down the drilling have added to the continuing damage to the SP, but...
Junior Miners have had their worst bear run for a very long time...the Bull market is long overdue...
Gold, silver and copper are being manipulated to keep them down, despite a looming copper and silver shortage due to global environmental initiatives...so no wonder we are making no progrtess either...
Solgold is definitively for sale...20 parties in the data room can't be wrong...at least 5 site visits coming back with glowing reports...a favourable government for mining (and we are not a mine builder)...the possibility of doingh another royalty deal any time we want...sufficient cash and cash sources to last until the first bidder fires the starting gun...
Yes its been a long haul and a lot of time and money have been wasted, but...
We are on the verge of life changing gains here. Have a good weekend.
Completely agree Slug, Twitter is a much better platform if you want to get the companies attention....
TI is right though and to be fair if Scott delivers an updated IP agreement and permits which facilities the start of construction at Cascabel pre AGM the n he's done a good job IMHO and well worth another year.
On the SR, they need to derive how many of the 20 interested parties really are interested, tell them to they've got 3 more months to complete their DD, then put an end date to the SR of end of Q124. Then watch the SP retrace back to more palletable levels.
Next steps I want to see are permits and an end date to the SR then I'll add even more.
Have a lovely weekend all and just remember we've got great asset which means we'll get there eventually. C
1984
Probably not, but it might sway a few million shares……but yep it is unlikely to make too much difference……