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Jerry, of course there's always the possibility the emails are another true shipright story.
I've lost count of the amount of contacts he's had.
Hi,
Replying to emails sent to Solgold would be a good start and cheaper. But you may right!
Hi NMM, I think if they want PIs to vote in favour of the special resolutions disapplying pre-emption rights, they should do a better job of explaining exactly what these resolutions mean, what they are for and why they are proposing them. I didn't bother to read this year's circular but from memory the board's explanation isn't particularly illuminating unless you already essentially grasp them in the first place.
The general feeling on here seems to be that the company is "up to something" and we should be fearful of these resolutions. And after all, we are being asked to vote away our own protection against dilution, so how about a much clearer explanation of how this is in our best interests.
They could also try explaining that these resolutions are fairly standard across all corporates, not Solg specific. Last time I looked they were also proposed by Aviva, BT and I expect every other UK listed company if you went through the alphabet.
Make sure you top up this time skint no point in missing out all the time.
😉
I have had no contact either. All seems a bit random.
SOLG Board need 75% to get Special Resolutions passed.
In particular disapplying pre-emption rights. i.e. being able to place a large chunk of shares with a 3rd party without offering share to BHP and NCM...
The special resolutions got 67% at 2023 AGM (from memory the highest in recent years?).
So another 8% of 'For' votes to find. c600m additional votes if similar numbers (BHP & NCM??) continue to vote against.
Could Sean Tufford have been instructed with this in mind? Scott has clearly flagged in 14 Dec RNS the issues caused by low Retail turnout in the past:
"It is very important for all shareholders to vote at the upcoming AGM. Historically, the voter turnout has typically been below 75%, given the vast majority of the retail shareholders do not vote. The retail vote is very important to ensure retail shareholders are properly represented and respected.
SolGold anticipates, similar to previous years, that select shareholders may continue to vote in a manner detrimental to other shareholders. For example, at the last three AGMs, such shareholders acting adverse to other shareholders voted against resolutions related to the disapplication of pre-emption rights, which hindered the Company's flexibility with respect to financing, which historically prevented SolGold from pursuing specific strategic initiatives that would have unlocked significant value for shareholders and counter a creeping takeover."
Makes sense. But +600m retail votes is a big ask. Scott should be selling the benefits of the Specials more, and the 'strategic initiatives' that would unlock significant value.
I know galahs are generally an intelligent bird bit these disappearing trick is a cracker!
Go on do it permanently!
Aquinas. clearly ridiculing you has rattled you more than I thought.
I see you now running to admin.
ok for you dishing it out.
can't handle the embarrassment of being shown as the clown you are when your
shire is shown for what it is.
sad little fantasists
Back down now …… it’ll come Red
In auction 10.3/10.22
Bragging again! Just stop it ✋
Certainly I believe Richr a solid break above 11.2 would presage a move to 14 or beyond...
Meanwhile...is there a bid coming...?
Clearly 1.8 m isnt enough then...
Hehe
Morning needsaC0cktoo
Nobody really knows. Some speculation on this board why and some got excited and started talking about buying a new Skoda instead of a second hand one :-)
Looking for the positive, at least he referred to us as ants and not sheep:)
Alas, we know that ants gets trampled under foot when elephants fights!
Evening all. Had a couple of weeks away from my awfully performing pf. Firstly I wish everyone a happy, healthy and wealthy 2024. Briefly reviewed last couple of weeks. What happened on 27th with 30pc increase? Couldnt find rns, news or rumours? Any info or views would be appreciated.
Atb
DK
Italian, He is probably just contracted to canvas investor’s opinions… reverse telemarketing essentially.. nothing more to him than that.. just oversold his role and importance..
Pretty much Orthern.
I'm sorry folks, but given how long we've been here and where we currently find ourselves, I'm not going to start filling my face on a few crumbs.
We want someone who is going to come in here and start talking straight. No self-obsessed claptrap.
Sean - if you're reading this then it's time to read the room. Get on with the task in hand rather than prattling on about your background because most of us don't care. We're tired of it, we've had it before, and quite simply, we're only interested in you delivering whatever you are here to do.
Looks like a very cheap website which doesn’t say very much. Hope this is fake news
Apologies if I missed that detail from the various threads, but did Solgold indicate that this gentleman really works for them or that he is authorised to engage PIs on the company behalf?
galahs: conservation status: common, common as muck!
galahs are in fact a type of ****atoo so it’s actually needsa****atoo night all
Sorry SM - went to make a coffee and when I came back, find you posted what I was long windedly composing myself.
Still, happy to find I'm in good company!
…..and awake again.
Pretty Polly needasasleep
Crikey, he's correct about calling PIs ants, which by their nature will attack most everything, perceiving them to be a threat.
Didn't Scott say after the AGM that he wanted to communicate with shareholders to find out why the 'Specials' were voted down. Isn't this what ST is setting out to do - communicating?
Come on guys, keep up and let people get on with doing what they do! Many of you demand communication then are rubbishing an attempt to start doing so. Jeeeez!
Many thanks for your post Shippy!