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Adikt. love your theorising.never occurs to you, just maybe, sitting back is not the only option. maybe, ecuador are losing patience, and wont issue any new agreements till solg sorts there sht under scotty boy. so just maybe a change at the solg top is desperately needed before ecuador pull the plug , so maybe, wake up, smell the coffee, and accept that just occasionally you may be wrong
I can agree to some of that Add, but we are now not in any position to demand the gov speeds up our IPA, or any licenses… as we are about to fail in our investment contractual obligations on the tenement.. by circa 200 million dollars.. this is probably a huge sticking point behind the scenes.
Bbg. Your 8.48 post.
"Keep up the deramping - I want to buy more."
You really are a clown.
Why would you buy more now.
A fund raise is imminent,
How many more years are you going to embarrass yourself.
Even your mate padmaster has realised the boats sailed, and has stopped posting ditties,
Thanks Fort. I'm glad you have everyone's voting intentions.
Much depends on whether throwing Twigger unde rthe bus has pleased BHP or Newmont?
Sacrificial lambs to save Scott's job might not work with super majors which apparently don't like minnows having tier1 assets.
BHP and Newmont will likely vote all SOLG resolutions down. As will a bucket load of pi's who can see past the CGP boys fluff.
$70m spunked on zero tells you all you need to know.
Spread 7.98 / 7.99
Orthern, when the SR was first announced I voiced my concerns about it being open-ended. However, as time's gone by the strategy has become clearer. Specifically the intention to develop Casacbel to the 'turn-key' stage. It seems all of the current work is focussed on this and to me it makes perfect sense.
Any buyer is going want this to be as risk free as is possible (nothing is ever completely without risk) and that involves us getting the various licences and IPA in place. Only by doing this can SC maximize the return.
As we all know, getting the government to move quickly is an impossible task, so in the meantime we have to sit back and wait for them to deliver.
Given that this is the strategy, how does it make sense to change personnel? It's not Caldwell's fault dealing with the government is a long and tedious task and the idea anyone else will do it faster is for the fairies.
I’d happily take a low ball price for the sale of Porvenir at this stage, if it meant we were fully funded for the next 12 months, with room for some scout drilling at the most promising tenements.
A figure as low as 50-100 million would have many here saying it’s peanuts…giving it away… but I doubt it is.. and if it is giving it away, someone can make a better offer.
any achievable sale of Porv now, given its last study was buried/shelved instead of released, would be my preferred funding option…
Our board just need to show some effing conviction and make a decision for the near future direction of Solgold…
stop with the endless ‘strategy review’ and announce a firm, route forward out of this malaise.
The Ecuador government would probably be a lot happier too!!
As much as It would annoy me seeing the treasury shares go to maxit boys, I'd much prefer it be them than Bhp/Jin.
Wouldn't it strengthen our position evetually ?
If we could understand how major shareholders intend to vote we would all be better informed.
Anyone have the inside track? They can't be elated unless they are a potential acquirer.
Dream world Roxi.
We are setup to ride this out now.
Couldn't see 25p getting backed by more than 20% of the holders.
You might get some takers at the 40-50p though
Add, Bob told me that too
Fort - so how does selling the treasury shares for 5p accomplish this?
It's clear from the AGM resolutions they have a single buyer in mind. Are you suggesting we're going to see a further drop and then a very large management purchase campaign? I can't see Mather being enthralled about that unless he's going to take part?
The trouble with voting them down is you're forcing them into delivering an outcome in a short timeframe. That makes for a sub-optimal result. If they are known for M&A that secures us 50p p/s, let them deliver it rather than voting them down, forcing them to recommend a bid of 15p and then sit their hoping someone else will emerge from the woodwork. That is a desperate, pathetic strategy.
Fort, with regard to the fees received by Maxit, yes, they will have taken a fair chunk of the 16m associated with the merger, but I'm pretty sure I read somewhere that neither they or Citi are on a retainer and that their remuneration is now on a success basis only. Given that it'll be based on a sliding scale related to transaction value, they'll be highly incentivized to maximise the shareholder return.
Exactly BBG, its ludicrous. But thats where the sp is right now. Ludicrous.
Haha Jerry, you couldnt make it up... well you have actually.
that is the most ludicrous post i have seen in a long time... about 2 mins
I am not suggesting the following strategy but its indicative of how far the sp has fallen and how many other opportunities there are out there for a mine finder.
So why doesn't the company do whatever it can through jvs, streaming, forward sales, royalties etc on Alpala to raise some significant much needed cash, then GIVE AWAY Cascabel to the Chinese and use the funds to explore all these other prospects. The fact that would probably create value and a rally in the sp, just shows how far this has fallen.
The other way of looking at it would be to say that Cascabel almost has a negative value within an 8p share price. Pretty daft situation.
If they give us a hard delivery date for the PFS and clarify an end date of the SR I will vote for them. Q1 is simply too vague for the PFS and this SR needs to culminate in some clearly communicated decisions. They must have all the modelling and data by now and have an idea on NPV. With 20 parties in the data room they must create shareholder value speedily...so tell us and we can vote accordingly. Yes Ecuador's geopolitical situation has not helped but this now needs closure. If not as I said before I will vote them down. We all risk being taken for suckers with these treasury shares. While Bob and Scott are aligned we need to see execution and clarity on strategic direction to drive an outcome. No clear path to outcome is a no from me Bob/Scott.
Bozi, Bob or Maxit sold a large chunk of the their SOLG shares many moons ago to BHP for 25p.
That valued SOLG nearer £400m at the time. You're argument is nonsense. It's about lining their pockets at the end of the day... they won't care much about reputations being tarnished by a 5p placing if they then rack up a nice £1.5bln asset sale. It's the latter that they will be known for.
Cut the head of the snake off an there's still time for the tail to waggle... that's why if you vote them down , you'll see a monetisation event faster than you think. That's the strategy... out them now rather than leave them to their cosy plans over the next 9 months+.
If the chinese are close to signing then they'll soon sign fast on the line if they think the deal is going to collapse and BHP are about to gain more influence.
Sometimes you just have to force issues. And if you have that power via a vote... then use it.
Greed will always win here and these CGP boys need a kick up the jack....sie
1 Dec 2023 14:34
Probably the start of multiple company updates prior to the AGM. It was a busy month leading up to last years AGM.
Ask yourself this question...
If the Board gets voted out, who will vote in a new Board?
The shareholders that voted the Board out...
But will it make any difference?
Bozi, it’s the transparent conjuring up of minor news, just before the AGM that has me annoyed….
We all deserve better after the last 12 months
I think there would be many who would be happy with 25p right now for APALA, the rest of the assets would then be left to Divi Up? sell off?
My post from 9.14 on Wednesday...
"It wouldn't surprise me if Scott has a few RNSs lined up ready to drip feed into the market going up to the AGM and keep the Autobots on their toes...
Even if they are like Porvenir and don't update the resource but talk about drilling...
Helipuerto and Rio Amarillo spring to mind as well as a couple of others, but we've had no update on the Cornerstone properties yet, e.g. Bramaderos.
Doesn't hurt to restate what we've got...the biggest exploration footprint in Ecuador..."