Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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MF, I agree with that and although I admit to being a tad frustrated, I'm not tearing my hair out.
The fact is the company has no option other than to do something reasonably radical. If they wish to avoid further disruption they must deliver on their promise to CGP. As you say, yet more patience is necessary.
Mathersfinger that's true just sit back and wait was hoping for news this week on some fronts but patience needed and chill blue day today I think
Addicknt,
The trouble is we don’t know what they are doing, we are not privy to inside information as to who or what they are talking too or about.
You seem to be frustrated with the lack of news, why not just wait for the next RNS, as frustrating as it is, we just have to trust Solgold is doing the right thing which I believe they are, remember the board have a lot to lose if they get it wrong, with the people now involved in Solgold I believe they are working on a good way forward.
Trust and patience is all we can have as we cannot change anything here
Atb
are we in distress mode?
My thoughts are that we won’t get to the next AGM under our current structure….. after Cascabel has gone I hope we can continue on the exploration front …… it would also be nice to retain a little slice of Cascabel but that may be wishful thinking.
Nick did say that being taken over was indeed the plan for Solgold…… I’d rather he had said ENSA or Cascabel
An ex-ceo and major shareholder says the strategy is to sell to a major.
The current ceo says he's open to conversations regarding a sale.
The current ceo, quite sensibly, says the company must progress "as if it's going to production" - my paraphrasing.
Despite telling us 18 months ago that companies were queuing-up to buy into our regional prospects and reiterating the fact recently, nothing has happened.
We have no money for continued exploration, which has all but stopped. A cash raise for this must be imminent.
More cash will be required to take us to the DFS.
The clock is ticking on Lasso's period in office.
Following the rapprochement with CGP and agreeing to work towards the delivery of shareholder value, they have been completely silent thus leading us to conclude our board is engaged in satisfying this promise.
$4.5m went walkabout and perhaps one of our best directors was ejected from the board.
BHP/NCM have also been silent for quite some time.
We were told over 2 years ago that we had lined-up $1bn of funding without breaking sweat. This was quite clearly a ridiculously premature statement - particularly as we were nowhere near even having a PFS.
Copper will recover once the Chinese stop pretending they can achieve zero covid. The long term prospects are undeniable.
We are hugely undervalued for all of the reasons Mather laid-out this week.
I do not like the fact our ceo has not bought a single share in the open market with his own money.
The agm could be uncomfortable - again - if our board have nothing concrete to say. We can expect to bid farewell to Mather.
As I say, just random thoughts. What are yours?
Ok got it. I guess our news will come in the form of how the mine is progressing.
The volume is so so so small still it’d take like 4 months to accrue £1m of shares on there. If that’s how someone is building a stake I’ll see you all in 2030 to see the TR1.
TSX up 6%. Someones buying across the pond and doing it without causing too many ripples as volumes low on face of it but much higher compared to the usual almost stagnant TSX volumes.
As they say... volume is your friend and we've had some pretty large after hours trading over the last few weeks. It might have calmed down a little over last couple of weeks but that's fooling no one! Blackrock bought back there 1% that they were fiddling around with. Norges seemed in a rush to get from 2.6% to near 4%. Mather taking up his DGR options. Irwin so quiet it's almost like his shouting ... "show me the money"!!!!
The way Darryl's been hiring ... I think we are about to see SOLG split into two. One part ENSA... and Jv'd or sold. And the other part all about exploration and Porvenir with an eye to rinse and repeat the success proven on ENSA.
Hi BNC yeah good thanks no not heard from pinot in a while clock ticking for takeover now here
Hey cookie
How we doin?
U heard from that pinot bird of late?
Trust ur chipper!
You and all the good folk here ;o]
R's
BN.c
Monte
Nick SOLG for sale sign.......?
Yep clear as day - "This is defnitiely the plan for Solgold"
R's
BN.c
Monte it's an unsinkable ship lol !!:):)all aboard it's about to set sail !!:)
Loads of Quadswallop spouted here again today....
What Quady, that you jump ship and everyone stays onboard as it’s not sinking at all? Possible.
thank you NRL2901 and Monte. This BB can be a great help when not cluttered with squabbling. It's coming home boys and gals and binaries. (tick!)
No offence taken Monte but likely outcome is the polar opposite.
I just had a thought.
It's 5 years in the future, BHP own Alpala and are just finishing off final construction.
Quady is still insisting that it's all a bluff and Solg are still really taking it to prodution.
Like the Captain of the sinking ship, who is still on the bridge,refusing to believe the ship is actually sinking,long after everyone else has boarded the life boats and have long gone.
Ps it was just a thought Quady, no offense intended lol
Woody what are you on about the share price has increased by over 500% since 2013 and if you got in at under 1.5 pence that's nearly 2000%
Seems to me Mather knows a move is coming and he is trying to save face before it happens, in view of his previous ****** about taking SG to production, which knackered the SP for years.
Having relistened he also says just after three minutes in that majors tend to take over his entities and that is certainly the plan in respect of solgold. Maybe timing might be like noront Fortissimo and they feel current low gold and copper prices can help with a bid.
i can also confirm Solg have done no regional exploration since January... direct from Fawzi
'exploration drilling at the regional projects was paused in January and has not been restarted as the exploration team are undertaking extensive field programmes'
DaKat - why are you repeatedly asking about drill results?
SolGold haven't drilled a regional since January and are carrying out infill and petrological activities at Tandyama and Alpala.
SolGold have been transparent about this.
Looks like we will make it through July with no news from Solgold-very disappointing- there has to be some drill results out there
Fortissimo - It is mentioned in the slides (but not verbally by Nick) between circa 5:30 and 6:00 of his presentation at https://vimeo.com/731647251.