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Interesting read shipwright.
Makes you wonder why share holders sacked him.
Mather has always wanted top dollar for Cascabel, pretty sure he still does and will be worth alongside Scott to achieve this …. There will be plenty of interested parties …. Just a matter of time
it is a nice place to be though, eh? :)
https://twitter.com/MiningVisuals/status/1650018289668567041/photo/1
And if bob, doesn't manage to clinch a deal??????.
I might add, I read weekly, that one company or another in the dgr band is doing a deal tomorrow. 10 years in fact. Can't recall one of any significance being done though. More mather misleading
Never at any stage have I proclaimed Magher as the second coming.
You aussies really should look a bjt closer to home when it comes to apportioning blame. DGR stands to do very well if Bob manages to clinch a deal for SOLG and they still hold 3-4% of ALL which should be material for them in time too.
Bozi. I'm well aware of dgr. Like solg. I invested many years ago. My investment in dgr is now appx half the value it was. Before you spend to much energy telling us mather is the second coming. I suggest you go onto hotcopper and see how highly he's thought of over here. You couldn't of picked a worse example of his business acronym. The man has lost ausie thousands with his misleading promises
Bubble your last post about equador, surpasses all. I wonder who all those people were, demonstrating on the streets a few weeks ago.
Keep the people happy. I will chuckle at that all night.
Needalife - give it a rest. Bm3121uk turns up on here when the share price is falling with an incoherent ramble throwing unverifiable figures (facts lol) around.
For example, where has Mather "sold high and rewarded himself low"? Mather has over 90m shares personally and has only sold very small amounts on a couple of occasions at the end of your Aus tax year as part of his charitable commitments.
You and Bm3121uk seem to forget that DGR is his company and that is birthing the likes of SOLG, IRR (now ALL) and the others. It stands to reason that not every company will be a success and grow from junior explorer to meaningful producer but SOLG should provide a fairly decent opportunity for those who saw the value opportunity when the company moved from Solomon Islands into Ecuador.
And, before you say anything, I'm well aware of the nature of the guy and some of the strong views held about him.
Good morning all.
I remember the argument some years back that we needed to consolidate ENSA in order to obtain funding to build Alpala and go to production.
Because we failed to do it then, the argument was we would be sold.
Today we have achieved consolidation of ENSA and we are having a strategic review to advance Cascabel.
Yet the same people are ignoring their own posts and somehow have twisted this into we must be sold.
Which is the exact opposite of what they were saying.
NM has always said if the right offer came along we would sell.
However if it didn't we proceed to production.
Let's be a little more patient and see what transpires.
NM supported the merger and, by implication, we can infer he supports the current direction of travel. This was a huge step for him as it represented a complete break from the past. Whilst he may have been able to dictate matters when DC was in charge, life has now changed and the axis of power has shifted firmly away from the old guard - thank heavens.
Bozi. Interested in you 1246 post.
"BM3121UK only comes on here to slate Mather."
Do you not think it pertinent to post FACTS on here, that could have a bearing on our investment strategy. All views sensible views should be respected. My opinion of mather is well documented. Based on facts. Yours my friend is based on wishful thinking.
Thanks for athe post bm. Those who think he's not still running the company, are all. Invited to the fairy's at the bottom of my garden. I will send one of my flying pigs to pick them up
Dm. Do you seriously think, with mathers my way or the highway personality that he's not still running the company. Seriously. And even if he's not, the damage to solg reputation was done on his watch.
If you look at the annual reports it will be confirmed that Mather was being paid up to $600k per year, steadily increasing from the initial $300k a decade or so ago. Mather definitely was allotted $3milion (so my timing was correct but I did say "4 years of so"). Mather followers, no doubt day traders, forget the 55 million options he allotted himself. Again, look at the above 'SOLG Director's Deal' page on this LSE Discussion Board and you will see a pattern where Mather sells high and is rewarded low. Unfortunately, it doesn't go back when company first formed at 50p levels and the massive decrease in price to 2p when Mather, under his management control, soaked up huge numbers to current 200million levels...... a lot were free. Mather was on the selection panel to choose who came on board and he certainly was involved in the knife in the back and blaming game when they were removed, sacked or resigned. He is self serving and conned through lies and manipulation. I gave examples of the other companies he is still CEO and Chairperson of......but you are not interested in seeing the truth. His leadership is still causing utter mayhem.
Agreed ….
D/M for all we know Nick and Scott could be working very closely together ….. Scott/Maxit know their M&A stuff and Nick knows Solgold inside out ….. they’d be stupid not to
Correct DM.
Orthern - he wanted Mather out years ago so he could get his own lackeys installed and basically flog SOLG to the first bidder.
Mather wasn't interested (as was his right) and so the stand off ensued and the poor relations festered.
You can point to Irwin like he's the oracle if you like but he's not to be trusted either.
There's also an argument to say that everyone in the Irwin camp should have sold SOLG and bought CGP when Irwin did, but not many did.
BM3121UK only comes on here to slate Mather. Was obviously caught up in one or more of the previous companies. The post this time makes little to no sense given Mather supposedly Cornerstone the AJQ placement and seemingly did his dough in the aftermath, or is the insinuation Mather sold his stock at a profit first?
So many here, myself included, listen and pay attention to Warren Irwin.. he had Mathers number years ago, he hates the man… wanted him out years ago… yet the same people that listen to Irwin, seem to be wilfully blind to his comments regarding Mather over the years..
Needlife, well said. If you want to review the antics of this guy with the other companies, all on the ASX, you will see how much of a con he portrays for any investors not in his list of friends. At this very moment he is raising $55million with a oil and gas company called AJQ that had a value of $9million on ASX. Only a year or so ago the same company's shares were as high as 6cper share and then out of the blue they plummeted to just over 2 cents. He and his personally selected directors then did a series of capital raisings at 2.1cents which was hugely over prescribed and Mather etc who were underwriters scored their 5% plus, buying a huge extra chunk for themselves. Then the shizzer hit the fan a month later with a blotched up fracking gel operation which basically drastically reduced production for now years. The $11 - 15 million raised which was supposed to used for a de-merger to occur was never spent on demerger and at a time when world gas prices are at their highest, the same company if having to buy gas from other producing companies and selling it to the companies that they have contracts with at significantly reduced prices. Many millions of dollars lost per year. Now $55 million capital raising at 0.004cps occurring when the total value of entire company was worth $9million(Aus). Guess who is picking up the majority of these shares at rock bottom prices. Hundreds of millions being assigned to Mather, directors and their mates. Over $11 million given to AJQ in the last 12 months. approved by DGR, Mather and directors. Over four times the number of new shares being sold while original shareholders sitting on investments that are now worth a fifth. Again, guess who is picking up their 5% underwriting costs of this new CR ($2.75 million). Have a look at DGR, which now holds around 8.5% of SOLG (was originally around 50% at time of listing) which Mather is the CEO of including DGR's daughter companies....most of which are trading at 0.001cps. All the directors have been close associates of Mather with guys like the CFO and company secretary being in that role in all of them. Literally charging all the companies massive amounts per company for their services. Over 4 years or so ago Mather was paid $3.6 million (US) for being CEO of SOLG and nearly a million dollars from the other companies. Even now Mather's power over SOLG is huge......he is SOLG's representative and signatory for the European Bank where our company's money is held. Get rid of this fellow and we just might get some value back for the rest of us.
Well done Ecuador government funding the protection of the Galapagos Islands environment ,shows they not just keeping the people happy with all this money coming in from mining etc
Pretty sure you wrong
Article was written by James mckeigue
Posted to readers yesterday
So why you attacking me as I thought it’s relevant if you actually can read, it highlights issues it not all rose tinted
But I bet u didn’t care just attack
I re one your that happyharry bloke from last year
Jog on
Dear Readers,
The 1980s were Latin America’s ‘lost decade’, while 2003 to 2012 is often de- scribed as the region’s ‘golden decade’. Now the rise of ESG investing, coupled with Latin America’s incredible natural endowment means the region could be entering the ‘green decade’.
The most significant political impact on the environment in Latin America is the election of Luiz Inácio Lula da Silva in Brazil. Lula has promised to protect his country’s chunk of the Am- azon rainforest, which is the largest in South America. Early signs - from the EU trade deal to mooted green bonds - suggest Brazil could reap economic benefits from doing so.
One of the Latin American countries with the most to gain from the sus- tainable investment boom is Ecuador, which we feature in this issue’s special report. Despite being one of the re- gion’s smaller countries, Ecuador has an outsized appeal for sustainable in- vestors. Its unique combination of the Amazon, Andes, Galapagos Islands and coast makes it one of the most biodi- verse places on the planet. Meanwhile its untapped copper reserves, which some geologists believe could be the third largest in the world, are essential to the global energy transition.
Finally, its rich mix of races, languages and cultures, coupled with centuries of a weak, impoverished state, mean that there are important social challenges to fix. In short, ESG investors can have more environmental and social impact in Ecuador than they will get in Europe.
Elsewhere in the magazine we have, all of the usual features, including analysis from Canning House, S&P Global and Control Risks. I hope the issue proves useful,
James McKeigue
Before anyone makes more of my gammer than my posr. I don't care. It says more of you than me.
Instead of year old biast articles, why does nobody on here report about, a ceo who was sacked by share holders..... a company that had millions stolen..... Dispatches with directors for fun,...... Then dispatches with the hapless replacements....... Has never met a deadline..... At best, mislead, at worst downright lied in presentations...... Has a complete disregard for retail share holders.....have run the company like a Sunday boot stall holder..... has taken the share price from 60p down to 18p...... Directors on a permanent gravy train. Has a sacked ceo who is socially challenged and reportedly can't engage, trying to sell the company..... The list goes on.
Now can we believe that such a company exists.
Oh yea. SOLG.
Ive said before, my neighbour sells jigsaws on gumtree. He has a better business plan than mather.
Kohaku. What is the matter with you? That report in latam invester, was written almost a year ago. And did you by any chance notice who the author of the article was.
Yea mate. none other than, H. BROOKE MCDONALD. Do you know who he is. Yes mate.
THE CEO OF CORNERSTONE. Now tell me, do you think the report is a little bit biast. Couldn't make it up.