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Perhaps another angle to consider, that might reconcile various aspects of what is going on with SOLG, is that the "strategic" outcome is in fact not a sale as we all hope, but rather a financing consisting of debt and streaming/royalties with some equity dilution.
If the majors have not been keen on splashing out 3bln and the current strategy has turned to a smaller kick-off project, it would sit well with a different way to finance Cascabel.
Now that would explain the need to have all the papers in order, which would not be the case if a BHP were to buy.
Thoughts? Could I be on the right tangent?
To be fair Fort…. It’s not up to Bob to turn it around… that’s Scott’s job..
Eloro, just use the filter button like the rest of us. NAL?? NAL who?
Adikt. Your finally catching on. Yes your right something is going on behind the scenes.
Your mate Caldwell has thrown you under the bus to get the sp down to a sellable level.
I know I shouldn't gloat. But I'm off to bed picturing all you smug key board experts wringing your hands, knowing the clown from Australia, was right all along. Goodnight. AND God bless.
I think again the sentiment from Bob is better suited to the follow teak on his text
""I don’t know any other team that could have turned around our diminishing ownership in SOLG as quickly and efficiently as we did."
Yes Bob... you certainly did turn that around quick. One moment you were staring down the barrel of being diluted further as you had no funds or cash left in CGP and the next moment... you've almost got double your stake in SOLG and you're running the show.
That was a quick turn-around.
Unfortunately, since you boys took over the share price is at multi year lows. The 100m shares we had in the kitty are now worth half or as good at 50m shares now.
Yes it's ugly out there across the mining minnow sector... lots of beaten up stocks but you've had 12 months already, burned through $50m and I'm trying to understand what exactly you have achieved or 'turned-around'?
The only thing you've turned ... is the share price and that's down!
Sort it out or shareholders will find a new bat to swing and you'll be on the end of it.
In a word eloro YES
I will DB because I get the impression that NAL isn't an adult. I think he is a child with mental health challenges.
I was brought up to be kind to dumb animals, although my patience is now wearing thin.
I'm expecting another Berry Street Capital type statement released soon, from somewhere, as we head towards the AGM..
Eloro ….. just ignore it
Bob is reacting to angry PIs. Looks like we are becoming a single digit company. Where are the results and efforts? Smells lies in his answer.
As for the management, free fall and no reaction?!
NAL are you calling me a liar?
Hi Add, I am just venting where Scott is concerned.
He has until the AGM to demonstrate that he is the right person to lead us forward.
I did voice my concerns regarding Scott's interviews and the subsequent impact on the SP. End of day, I want a sale.
Sorry did i say 55p ? I meant 5.5p 😭😭😭
Someones desperate for attention ? must have had a sad upbringing
When this gets back up 55p by this Friday they wont be seen for tyre smoke...
Eloro. funniest post ive ever read on here.
even funnier. adikt swallowed it.hahahaha
Eloro. hahahahahahaha.
I just laughed at the screen when I read it
I don’t know any other team that could have turned around SOLG as quickly and efficiently as we did.
"I don’t know any other team that could have turned around SOLG as quickly and efficiently as we did."
Wow. He really said that?
I'd hate to see what would have happened to the company if they hadn't done anything.
As someone who doesn't follow this day to day, I'm struggling to see what they've done and more importantly what they're going to do. It would seem I'm not alone either. It's why the SP is on it's knees.
DM, I guess the point is that there's so much more going on behind the scenes that we don't know about. Of course, this is true of every public company and we only ever get edited highlights.
Eloro, that's an interesting conclusion. Sangha clearly supports Caldwell, but you won't vote for him. Bear in mind, Caldwell's doing the work, Sangha's task is simply to flog it.
Looks like this is heading into single digit territory. will have to double up if it does, since the update its done nothing but decline,
Eloro - thanks for your update but what exactly has Bob done that was previously a mess ? I think that's what we'd all like to know - can you please ask Bob to elaborate otherwise it's just more "trust us" like all previous Solg mgmt and that's in sort supply - a £ 6mn trust us so far to Maxit if my terrible memory is correct
Hi Add, that excerpt was the core of our email exchange. I wasn't expecting hear back from him, and was surprised when he replied.
It is all very well for us to arm chair quarterback Bob from our position. Like you rightfully pointed out, the buck stops with Bob to get things done. So, we need to give him time to do his job.
Destructo-Mouth Scott, for me, that's another matter. He has lost my confidence.
Eloro …. Thanks
Thanks, Eloro. He sounds confident, which I guess isn't surprising as he's the one tasked with flogging the asset.
If this was an excerpt, did he say anything else interesting?