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Lol
This will take time. There's only so much you can do in one hour per month.
Monte don't worry we have news coming today, I have it from a good source.
My source is Bubble he saw a 1 trade today and wet his pants again.
Well nowt earlier let's see this afternoon
I am assuming that is exactly how our quick and smart, strategic review is being done...
Solgold has verged on becoming a lifestyle company for the board for a while... I fully expect it to be delayed in to Q3.
Ha Cov
That’s exactly what we do at work ….. more bearable
Apparently they hold it in the pub whilst playing darts and pool.
After so long Monte no one can be blamed for being a touch cynical but personally I think there’s plenty happening at the moment. At some point ( once Bob has done his thing ) all will be revealed.
My guess is, they meet up once a month for a brief discussion that lasts about an hour . Nothing else being done, yet pick up full salery while dealing with all their over pies they have fingers in.
18 mins in.....copper supply/demand
https://www.youtube.com/watch?v=8PJUN32CAws
DM, every little bit helps!
Re: the offices. I made a similar point the other day. Assuming Fawzi has indeed departed (still no definitive evidence), who actually works full-time in the London office? And there are only 11 people listed in Brisbane, although I suspect Twigger and Mather would be reluctant to close it. Caldwell and Sangha are the driving forces and we know where they're based.
Watch for news between 10-10:30 or 2-2:30 when tsx opens us my guess let's see ,just my opinion though gla.
DM,it's being sold soon us my guess ,why pay for something you'll have no interest in soon
Firm stock price so far this morning
1 trade ,news coming imho gla
Or maybe our absence is explained by the new cost-cutting regime? Too many conferences?
Good spot Kohaku. SOLG cluedo continues apace into 2023.
Anymore tidbits of info from Colonel Mather, dbw?
I can't remember who posted it, but I'm fully on-board with the SR outcome RNS being accompanied with an actual plan, i.e. if the review suggest we sell Cascabel and return to exploration, it'll come with a buyer and a price. There are 4/5 options on the table. Maxit and Citi don't need this long to model and assess them all, do they?
As per Irwin's comments, we're trying to sell it. Our absence from this conference nudges me back towards 'it' being the whole company.
Nearly a year since the last resource update in May, and since then, just noise about next cabs of ranks, desperation driven financial rescues, and tidying up mergers, the latter maybe as a result of pressure to get the $50m injection.
It’s being sold by the look of it but we’ve clearly not yet reached agreement on what Solg thinks the shares are worth. Broker average is 70p, the question is do the board think that’s too much to hope for, or do the likes of Mather and Sangha think it’s far too little after all this time.
I wish I knew, and I doubt the SR is going to give us the answers. So it’s back into the loft with the rest of the mushrooms while we await a new Solgold dawn.
2Luke, so you don't think Mather's statement to his shareholders last year was in any way driven by a desire to assuage concerns they may have? Let's face it, his comments represented a significant change of stance and there must be a reason for that.
As I pointed out, they don't have an immediate liquidity problem, but the deterioration of their balance sheet must surely be of some concern?
DGR, Samuel Holdings and Tenstars' shares in SOLG are Nick Mather's shares, de jure or de facto. That is all the relevance there is to Solgold. DGR's financial position is not relevant to what may or may not happen with Solgold this year, probably not next year either. At some point it may become relevant, but not now.
They also have a 3.1m loan from Equities First secured against 12m shares in ALL, which is due to be repaid at the end of next year. It carries a 3.5% interest rate.
I've never paid much attention to DGR, but given the current situation, their financial position is of direct relevance.
DBW, my apologies, it is 8.25%.
That’s interesting Add
15th December DGR we’re reported as having 8.25% and that was prior to dilution
produced their half year report yesterday.
A few things stuck out, such as a very significant negative movement in the fair value assessment of their investments and the fact they only have AUS$1.5m in cash. They have also stopped charging us for management and advisory services, and I imagine the recent shenanigans at ALL may have caused a few flutters.
It's a company that doesn't need much cash, but at the moment it doesn't seem to have much scope for future investment, which, to my mind, provides an incentive for them to realise a return here. Its holding here is reported as being 8.5%.
Can’t be a speaker for a company that’s been sold lol :)
It would seem you have a big gob but little input for all your big talk Novice. Take yer 55p and spend it , don't return.