Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Well, we’re in the blue today and rising.
Maybe FOMO and “the Market” seeing the end in sight - through a bid being made and very soon.
GLA
The proper investor market seem to like it :)) go figure up now on such “bad” news lolzzz
Colonel.
1. The PFS was underwhelming. The market reaction to it told us this.
2. The plan was certainly not for Ingo to leave when Ayten started. You are spinning this into something it isn't.
3. If you believe Ayten resigned I have a bridge to sell you.
4. Lisa Parks was SOLG's metallurgy manager.
5. A failed fundraise is a red flag, no matter how you spin it or what when on behind the scenes.
6. There has been a change in corporate strategy according to Ingo, and indicated by the recent disposals of staff. None of us know what it is.
BnC- thank you, I will write him an email.
Has the CFO gone because of the internal scandal that was doing the rounds a few weeks ago???, seems linked to me , a strange departure ? Is it being hushed up quickly?!!!
GLA LTH
It seems pretty unlikely to me that we'll see an announcement on finance any time soon. It was clearly a difficult enough process when we had a finance team in place. Having lost two key players, it's difficult to imagine new investors falling over themselves to stump-up. This kind of situation is a black mark against any company and when you add the issue of a $4.5m fraud, the task becomes very problematic indeed. The whole thing will have unsettled investors a great deal and the responsibility lies squarely on the CEO's shoulders.
If red knights has been chatting to Ingo then that might not go down well with the FCA. That's the trouble when you 'trade' a lot and also have dialogue with current or ex company staff. When I was at a world leading investment bank, anyone remotely connected to me had to declare every trade that they made. My uncle was furious but thems the rules these days. Very easy for the FCA to track trades against BBposting history and many have been banged up for acting on privileged information. If the red knights clean as a whisker then perhaps he won't mind an enquiry from the FCA?
Seems to me that there are a few who have privy information and are part of private group chats. All should be very careful with trading based on information not in public domain.
Red it looks (after picking through the bones) fairly straightforward now. The BOD are all toast in December so the need to trigger a bid ( or bidding war ) before then …. The way they now chose to fund the company could easily accelerate the process.
Streaming deal would suit the market but most certainly **** off the likes of BHP & NCM….. but would it be enough to force their hand??
A cash box would introduce new investors which wouldn’t go down that well either with BHP or NCM
Game of chicken being played out for very high stakes here right now ….
Yes thanks. Written them, signed them, when I was main board director of two plcs.
Insider laws are very simple. You either have non public, price sensitive information or you don’t. You don’t appear to have any, just an opinion, which may or may not be right.
Sharketmare
Nick is still contactable @ NMather@dgrglobal.com.au
He at least does reply whereas nobody at SLOG seems to anymore!
R's
BN.c
Jerry...npbody has made me an insider...do you understand a NDA...?
As I've said previously, I have sources beyond SOLG and am a member of at least one informed group elsewhere.
If you have a prospective investor or financier who feels their nose pushed out of joint, you can sometimes glean enough with existing sources to put two and two together.
Remember I posted immediately after the initial RNS that there had been a failed fund raise. That was later confirmed by more than one source. Nobody believes SOLG were 'testing the market'.
BTW Queasy...I have friends on here so please don't post anything defamatory...I had a friend at Uni who was an immensely talented mathematician...he also went on to be an actuary...his core skill was to be able to argue that black was white...you couldn't ever budge him...he never admitted he was wrong, or apologised...
Sharketmare, what nonsense.
Lets just look at it in more detail... My points in CAPS.
Since Darryl has taken over, he has:
- delivered a watered down PFS to which the market reaction was to shrug its shoulders (PFS WASN'T WATERED DOWN, THE CAPEX WAS REDUCED AND THE REST FOLLOWED. THAT'S WHAT A PFS IS ALL ABOUT. IRR!
- awarded himself stock options (STANDARD STUFF FOR CEO EXECS)
- sacked our interim CFO and the person responsible for raising finance for Cascabel, with no explanation to shareholders NEW CFO APPOINTED SO OLD INTERIM CFO NO LONGER NEEDED - WHAT'S THE BIG DEAL?
- sacked our new CFO, 6 weeks in to her new job (SHE RESIGNED AND MAY NOT BE DOWN TO DARRYL)
- sacked the metallurgy manager on SOLG's books (WHO?)
- gone through a failed fundraising exercise, spooking the market (TESTED THE MARKET AND NOT ALL SHAREHOLDERS WERE ALIGNED EG LIKELY MATHER WAS NOT UP FOR THE DILUTION)
- appointed an ex BHP chum as yet another interim CFO (HE'S INTERIM AND KIETH WAS EX BHP AS WELL BUT YOU LIKE DHIM
- left shareholders in the dark about what the revised company strategy is (clue, it certainly isn't taking Cascabel to production) COMPANY STRATEGY CLEARLY COMMUNICATED VIA RNS AND RECENT PRESENTATIONS - HAVE YOU READ THEM?
This is absolutely no way to run a listed company. We are now in a very precarious position, with around 4 months to go before what will be another testing AGM, and our funds dwindling by the day. PRECARIOUS POSITION??? WHY?
Time for Darryl and team to get on an investor call and be held to account for the utter mess that has been created over the last few months. ALL THAT'S HAPPENED IS THE CFO HAS GONE. WHY DOES THAT WARRANT AN INVESTOR CALL?
Nick Mather - a penny for your thoughts please. What the hell is going on here. MATHER AND IRWIN VERY QUIET. THAT TELLS YOU ALOT. PATIENCE!!!
"Nothing has changed"
Really ?
Smh
Q as I said I have not had you filtered for about a month …. RK most certainly has …… when I’m flat I sometimes need something to make me laugh
Now let’s try and be civil if you can?
Plenty of relevant stuff to discuss today in case it passed you by
Still reading nonsense from a lot of posters here Tinyray... Strong buy is an indication of future growth here not the next day or week as in your case LOLzzz
As I said top up into the 15's will be an even stronger buy. Nothing has changed here, and small PI's being hoodwinked into giving their stock away cheaply, its what happens. 55p by end of September 2022 !!!
Have a good summer holiday all
Ooh a bit touchy RK. I didn’t accuse, I posed a question which you answered. Up to others whether they believe you or not. I will keep my own counsel on that.
For all things that you can’t divulge, I just hope that those that impart the information tell you that they are making you an insider, cos you obviously think you are.
DBW you and Redknight both have me filtered.
Strange that you can both see my posts.
Q …. He has you filtered and you know it, just stop with the insults and insinuations and try contributing something useful
That makes total sense cadelle but they win't get beyond December after today's mess...
Trust me Redknight no one is accusing you of having insider information.
I wouldn't accuse you of even having the relevant information and being able to put it together and come up with reasonable scenario's.
Jerry. I sold the shares immediately after reading the RNS...
The correspondence came much later.
Please don't ever accuse me of dealing on insider information, that is a very serious accusation.
So Redknight agrees with me on another issue.
He said NM was finished, now he says he is in the driving seat.
Redknight seems to ignore NM's voting power.
Norges 3.96%. Blackrock were at 4.3% now at 5.6% I believe. While the pi's seemingly wet themselves, the big money is gradually building with interest.
Volume at just over 1m today suggests perceptions of 'dire straights' lives in the minds of the people that just don't understand how these things work out. The big money understands very well and I don't think they are ready to sell out for anything less than double their money.
SOLG's assets are world class. BHP have been scrabbling around trying to gain some copper and gold assets after their Coal exit. They haven't done too well recently on that front and their investors are wondering what on earth is going on and whether the first move advantage is disappearing.
If a bid comes tomorrow, it really wouldn't surprise me at all.
FOMO lives here and the likes of Sean et al, wake up each morning fearing that bid RNS. Don't beat yourself up when it does land and you miss out. Life goes on and all that.
RK. If you have information that you can’t share, how did you think it was ok to sell 200k shares?
Sharket Mare thats the best post you've ever made.
Right on the money...except on who 'sacked' who...just look carefully where the influence really lies...
Thanks RK- happy to be proved wrong.
Best of luck and keep the faith here.