Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
LinkedIn reply from Keith Pollocks......
'looking forward to being part of delivering good outcomes for all stakeholders'
So many derampers around at the moment - lth no full well who is playing games here
If Saridas is in fact a bad egg, best to get the broom out.
She is suing her last employer (Oil Search) where she spent a mere four months.
This has nothing to do with fund raising
Ayten appointed AFTER Darryl. He must have approved her appointment.
I suspect this is all about pointing the finger at Ingo and Aytenvfir the funding bungle, when I'm increasingly sure that it was Darryls fault.
You dont sack the CFO just because a funding failed, but you do if you want to point a finger and you're the CEO.
I agree Bozi, this at last is something worth discussing. The company now has to put some meat on the bone.
We know that we have a change of direction. We know certain people have gone, or have seemingly less responsibility. However I believe that NM with his shareholder position has always been key in this.
Agreed Ship
Irwin and other quiet!!
The plus side is the new cfo is already in and comes with a good reputation too.
Design not incompetence
Red isn't that what a Bhp stooge would do.
Did Nick have some influence in getting Ayten through the door?
To many unanswered questions but I agree Ayten leaving g like this is strange to say the least.
"But finally, and this is the biggest indictment of this mess, our CFO lasts all of 6 weeks. 6 weeks."
Can't get away from that.
Only have a small trade left so I'll just leave it in and probably top up in the teens.
Gla
I said Keith would go and I'm not surprised about Jason but simply stunned about Ayten!!!! My guess is that she has gone for the same reason as Ingo and although I dint know, I think there will have been disagreement with Darryl over financing strategy, hence the failure.
For any of those who think DC is there to deliver SOLG to BHP on a plate, he has, in just 8 months reduced the company to headless chickens!
Shocking, bumbling incompetence!!!
The company will carry on the charade of going to production simply because they have to, the alternatives are putting Cascabel up for sale or raise upon raise until a hostile buy out occurs.
They have collectively missed the sweet spot, possibly through greed, possibly through bad decisions.
They are still painting themselves into a corner and some of the late comers are sufficiently new to see what the old guard can't or won't, I think they left because being part of SOLG may damage their reputation going forward.
I think a buy out is inevitable, but not as soon as previously thought by the majority of buy out believers.
In the meantime we had a gain in the SP yesterday on the back of an RNS this morning and failing another with some break in the stalemate it's back on the slide to 20p IMHO.
I'll ask you again: what was the point of your first sentence? Re-read it - I didn't misinterpret anything.
Actually, I think I know the answer - you don't know how to express yourself clearly. In your mind you're saying one thing, but to the reader you're expressing something completely different.
Anyway, I'm not going to waste my day discussing things with you and in the future I'll do my best not to agree with you - you'll only take umbrage.
So, if you're a details man Quady, let's discuss it.
You can't very well pass today's news off as "it being probable that we're continuing at Cascabel". That is simply a mammoth misread.
Look at the comments. They're an indictment of what's happening inside the walls. Keith refers to it being "fascinating but challenging", language that tells a very vivid story that all is not well.
Addicknt even when I try to strike a new accord, you read into it, something that is not there.
I am a details man and so just straight talking. ( My inner technical analyst if you like)
Don't be so defensive.
Something has finally happened. It's caught us all out. And I think this is going to be at last something that's worth discussing, without all the bid nonsense that has dominated this forum for far to long.
It's really that simple.
The good buying opportunity will be in October when the recession slides into view and we slip into single digits, I'm afraid to say.
Today's RNS a shocker. Let's be honest, there was a slight suspicion that Keith's work had been done so his exit not a huge surprise. However, to see Jason Ward, a man who has spent much of the last decade step down simply because he's moved back to Aus... well that suggests his career has fallen in his priority list for whatever reason.
But finally, and this is the biggest indictment of this mess, our CFO lasts all of 6 weeks. 6 weeks.
SolGold. Sort this shambles out. ASAP.
Btw, I have sent a message to Fawzi and would suggest everyone who finds all this unsettling does the same. I know I won't get a meaningful reply but, if he's doing his job, he'll pass on our views to DC.
Correct RogueNation we don't know, the only probable is that it's not a bid situation.
David, I didn't cash out the remainder of my trade yesterday.
And yes nobody can predict the future just opinions, it could certainly work out very well.
Q, what was the point of your first sentence? It appears that even when I agree with you, you take issue! Very odd.
Yes trying not to make +’s out of what is unsettling news, but looking at breadcrumbs maybe there was an internal pathway the parties are following, options present themselves & are pursued or discounted until both parties strategic objectives are in sight. It could explain all the issues here - going to production, alternative financing arrangements, no bid, no movement by senior stakeholders. Check & countrrcheck. No news on southern exploration JVs, cabs off the ranks, focus on deliverables. No desire to get into an eventual bidding war, multiple exit points. Just quietly move one set at a time.
Or maybe I’m just a delusional optimist.
yep, good buying opportunity DBW wile others run scared.
Far too much to be positive about with this stock not to be holding now.
Massive
“Watch out for my "monopoly trade" coming should we increase later, I'll give you 10 to 15 mins notice just for your benefit.”
In the absence of any gloating from you yesterday about this second trade yesterday, can we presume you still are invested here? I cannot remember seeing your 10-15 minute advance notice.
This may still work out well for you. It is impossible to predict how this will play out in the medium term.
I think that with the CFO gone, any hopes of longer term finance for production disappeared with her
I think it could well be the beginning of the process Q ….. but that’s just my take ….. added a fair few