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Q, no, you may not.
Kohaku...simples...vote for Nick and his mates...and get it sold...
May I add no one believes we are going to be sold or the share price wouldn't be what it is.
How on earth does raising $50 million allow Sangha and his mates to feather their nests...?
A takeover does...
Good afternoon Italian.
I believe things have moved on and we are actively looking for a JV to take Alpala to production.
I believe this is what the strategic review will show.
Bm3121
Did NM bully you at skool or summat
That broken record of yours with ur never ending beef towards NM is pretty fkin tiresome yawn!
Bn.c
"deliver something on time for once!"
They are very diligent when delivering huge pay packets ..
Effin fat fumbs and predictive text that was addressed to Quady not “wussy” ffs
Bn.c
that when I opened the Stock Exchange web site this morning and saw an announcement from the board with the headline "Corporate update", my heart sank.
Normally, this headline is the precursor to bad news and in this instance my thoughts immediately turned to the possibility of the merger being called off, or the failure of the funding deal. So I was pleasantly surprised to read everything was on track.
However, as soon as I saw the DFS was being delayed I knew the market would react badly. It doesn't matter what the context is, the market without fail wets its collective knickers over that one word. If a company said it had delayed committing suicide, the market would react badly and mark the shares down accordingly.
We know why it's being delayed - because we've taken the trouble to unpick the RNS - today's sellers have made no such effort.
Fortunately, the impact could have been worse, but I really do wish companies could dream up another word for "delayed". Or in our case, I really wish our board would take action to make sure they never have to again...it's become far too boring. Go on! surprise us...deliver something on time for once!
I’ve only been here for 12 years, so I apologise and bow to your clearly far superior and extensive research.
Doesn’t matter how you swing your arguments here, it means fiddle squat. It’s what you have and the demand in the very near future.
Why all the bickering about Solgold? If you don’t like it , sell. None here guessed Solgold and Cornerstone would join up, this is a mile stone, so wait and see what they do next, because none of you have been right so far.
I believe they are doing what’s best, we just don’t know what it is yet, fun isn’t it
Atb
Ive been here 13 yrs DYOR ....
Bozi, indeed, but I find it hard to believe Sangha and co are going to throw it away for pennies.
Let's see how valuable it is at the end of the strategic review, Addicknt.
I suspect we won't be the ones that see anything like true value as far as our investments go.
Yes management are partly to blame for their poor handling of the discovery, but investors are not blameless. The calls to sell up started not long after hole 5 at Alpala and have only intensified with each passing month since.
Any chance of "30p by friday" ?
That “offer” you speak of has been “imminent” according to these chat boards since we announced Alpala hole 5 results. On 30th January 2014. Getting on for 9 years ago.
DYOR.
You finish that post with dyor? Seriously?!? LMFAO.
See how much faith they got when an offer comes in then ,don't you believe it they know what's happening here dyor
Snuggz & Orthern....... 100% agree with both your points. This company has been directionless for years, ate in delivering anything, and now seems clueless as to how best to realise value from a Tier 1 asset. They have alienated all their shareholders, large and small, and the market has no faith in them. Yet as Snuggz points out, they continue to draw fat cat salaries, and pay for these by first asking the long suffering shareholders for more cash, and then selling off the asset small piece by small piece.
Moving back up again maybe Canucks know more than we do and know a bid is coming ,they are experts at mining related matters long time before many countries knew how to mine ,second richest country in the world for oil gas ,gold mining below russia
Mather has been up to his tried and successful self interest tricks once again. In one of his companies DGR daughter companies, AJQ, listed on the ASX he is proposing to issue around 223,000,000 shares to be issued as an employee incentive. Individuals get issued many tens up to a hundred million shares as well. (Refer to AJQ's last announcement of a few days ago.) We know from history of this fellow when he says 'employee incentive' he means the bulk will be given to himself and in far lesser quantities to other members of the Board and senior admin personnel. Remember the 180 million 40 and 60 p options to be allocated as employee incentives, about 50 million of the 55 million actually allocated were given to he, himself...selfish little devil. Don't forget the $5 million he also allocated to himself as a company loan. AJQ is controlled by a partner of DGR's recently appointed Chairperson and Mather, CEO, and both companies' board and senior management are largely the same. No conflict of interest here. DGR recently gave AJQ an additional $8.5 million (Aus) and in the last agenda for the coming AJQ's AGM came up with the proposal to allocate this additional 223 million shares to 'Empoyees'. In the last 12-18 months the same Board members have raised an additional $12 million to pay off debt and to finance a de-merger of AJQ but that has not happened and little information as to what is happening. AJQ's share value went from 6.8cps to just over 2 cps and an over prescribed share raising occurred ...guess which two board members under rite and received their 5% from all money raised. Within months a surprise mishap was acknowledged when the company contracted to provide fracking gel failed. Gas produced dropped off dramatically and still has not been resolved. AJQ's share value hovers around the 0.005-0.007 cent mark and these same Board of Directors believe they deserve 223,000,000 fully paid shares for what they have done and likely to achieve in the future. All the investors who raised the last $12 million dollars are down to about 30% value and the 6.8 cent holders of 18 months ago are down 90%, with a whole lot of dilution to boot. Reminds me of what happened when DGR de-merged their interests into SOLG at 50 pence and then the roller coaster to 2 pence ride when Mather bought and was given the bulk of his current SOLG shares. Surely it is now time to dismiss this fellow from SOLG at the next AGM in December when he has to be re-elected to the board. He has proven poisonous to long term SOLG investors and nothing has occurred to ensure private investors, other than day traders, will ever make any returns he and his cohorts have sprouted for well over a decade. Mis-information and mismanagement have been his/their strategic course and guess what he is now reversing his opinion concerning the sale so to monetorise and get true value for all shareholders. Yeah right!!!!!!!!!!!!
Moving back up again maybe Canucks know more than we do and know a bid is coming ,they are experts at mining related matters long time before many countries knew how to mine ,second richest country in the world for oil gas ,gold mining below russia
well it seems the only people getting rich from SOLG is the board of directors.
Orthern, I don't disagree with that.
As you say, mismanagement has been a hallmark of the company for a long time. NM is a buccaneering entrepreneur with a skill for exploration, but not necessarily the right person for the next stage. I also think he lost sight of his own strengths and fell victim to hubris. Everyone since him utterly failed to provide a clear path and tried to straddle two horses, which the market simply didn't believe was possible.
Thank heavens we now have some clarity. Now it's down to Sangha and co to prove they can deliver. God knows what happens if they don't.
Announcing the SR when we were cashed up and in the 30s, could have been transformational… now we seem desperate