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I'm so sick of this share now, give me £1.20 a share and I will gladly hand my shares over.
SM, that RNS was very instructive. It states, inter alia, "reduction in the workforce across all areas of the company", and, "reduce the number of time zones the company operates in".
This last point clearly demonstrates the future's in Canada and I'm sure we're going to see the closure of the Brisbane office soon. I'm guessing London will also shut-up shop (if it hasn't done so already).
Just when you thought Caldwell was a fresh start for Solg - you find he wants the cream the company before doing sweet FA cup final - will not vote for these incentives - just another executive lining his pockets
Some very tired and weary pi's out there. Another box ticked pre deal.
Remember the first deal not likely to be the best.... but it gets the ball rolling and opens the door to bid warrior counter offers. If nothing comes along (unlikely with a. their 1 world class asset) then it goes cheap.
I can't see BHP being happy with 30p. Nor 40p. But at 60p+ they might step aside.
Bob and Maxit know exactly where to pitch it... then it's down to natural market forces.
But having a large portion of the investor shareholder base showing weary signs is perfect text book M&A stuff. Along with directors feathering their nests before the big event.
I think one thing is pretty sure, 17p is a bargain and that's why Scott and co seen perfectly happy loading up in that region. Oddly enough the wider market doesn't seem too bothered as sp is still some 50% off where it was when the merger was first announced or thereabouts and we are fully funded and no issues with AGM resolutions.
Bizaar!
Q, I'm really not sure how you can say this when the company has already stated there will be an indefinite delay. But believe me, I'd be delighted if you were right.
As for the appointments, I think the CFO position points the way to a spin-out of the other assets, accompanied by the eventual sale of Cascabel. I'm more cynical about Caldwell's position and have a horrible feeling he's been given the permanent role so that he can be given a bunch of options.
Morning Quady, the company has no plans to produce a DFS. It was not mentioned once in our recent presentations, in the prospectus is was said to have been delayed indefinitely, and on Feb 17th the company released an RNS saying that Cascabel had been "adequately studied". The only work we are doing at Cascabel relates to the investment protection agreement and further de-risking.
https://www.lse.co.uk/rns/SOLG/company-update-5e9gdd8x24ym3b8.html
Do the people who always quote Warren I as some kind of Solg oracle agree or disagree with him that any takeover will take a long time, and be a way off yet?
Because lots on here were quoting his 'stage 2.9, step 3" tweets as a reason to expect an imminent bid, and now he has said that, whilst we are trying to sell, it is unlikely to happen soon.
Any adjustment in the position of the 'this will be sold soon' posters on here? Or do we just ignore him now?
Well tbh id be happy with 27 now just to get my money back
Good morning addicknt.
The DFS is not far away.
Remember we arranged the PFS in such a way that the formatted information could be imported into the DFS.
The appointments now point to we are taking this further.
I expect more RNS's in the near future.
sick of this ****show!!!!
gimme anything north of 30p & I'll bite their hand off, & run a mile :(
Right now, I would take 60p and close the book on this .
Bozi,did you know sick bags cost 50/70p now lol!!:)
Bozi, I had high hopes when I bought in to this share many years ago... dreamed of circa 80p days...
As someone posted earlier stated, we should have sold in the 40s.... what I would give to see 40p again soon...
Orthern - your 8:15post is certainly the type to ruffle feathers but I don't think it's too far from the money unfortunately.
Desperately poor options award this morning.
Best get the sick bags ready for when Bob does a deal at 30p and pretends to be mining deal-maker of the century...
Hello 1 trade popped up hmmm
There's gold/silver in them hills !!...50/60/70p?,then there's copper and other to dig up!
None of this makes sense to my inexperienced eyes. Assuming that the ongoing strategic review and/or for sale sign means an imminent major price changing announcement. Isn’t there a rule (or at least a duty of care on part of non-exec) not to grant benefits to someone whilst knowing of an impending major price sensitive announcement? If so surely someone now or when it (the announcement) happens should cry foul.
That would be bonkers!!!
A bit of a newbie in mining terms, Canadian, and according to Linkedin, seems to have more of an operations bias. I hope this doesn’t mean we are going down that route, waited long enough for a return, though my kids wouldn't be too disappointed if they got £10 or £20 a share after I’m gone!
I don't think BHP gives a damn what happens here anymore, and they certainly aren't going to care about another 30m shares where we already have 3 billion in existence.
I appreciate the merger was important and required all hands on deck, but it would have been nice for Scott to have waited until he had some actual news for shareholders - the outcome of the SR, an exploration timetable for '23 - before awarding himself another 30m shares at a pretty uninspiring price.
The only distressed and desperate stuff around here is coming from you Orphancopper.
You keep trying to portray SOLG as weak and desperate. It's nonsense. There is absolutely nothing desperate about owning a world class Tier 1 mine.
Unless you can back up the distressed and desperate claims... it's just nonsense and living in your own head.
Does BHP continue to sit back and wait for the Board to retain a new CEO in 12 months time and give away another 30m share options...
Agreed bonkers... 55p is the new £1.32 as I've said all along (unfortunately)
Just to be clear, I dearly hope bubble is right or indeed Caldwell get’s £100m , but then gets run over by a bus the thieving twat.
If he gets it sold a 34p that gives him 5 million
If it’s 50p then he gets 10 million
So for bubble’s £1.32 it’s a whopping never going to happen £34 million
What does this all mean, it means I should have sold years ago at 44p and been happy with my 80k