Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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I'm not guessing...this is being set up for a takeover...you don't need a roadmap for that..everything else has been shut down...
Given that the "current board of directors and management" are doing the review, how is that going to happen...?
DM, the problem is as soon as you have to get regulatory bodies involved in anything timetables can fly out of the window.
I agree with your final point.
Btw, I'm making an assumption about this being the cause of the delay based upon the fact it was a condition and, as yet, I've not seen anything from CGP saying it's been satisfied. Of course, there may be other reasons, but this one is explicable.
the MD&A will be late
DM, the other day I referred to the condition which may be delaying matters in Canada - the one relating to minority interests which, as far as I can see, has not yet been satisfied. Although given that over 99% of their shareholders approved the deal, I can't see what the problem is. However, as it stands, the deal has not completed and we are in the hands of a third party - hence no prospectus.
Ortherncopper
Who exactly is s'getting concerned'? Who's silent? Yes they are 2 weeks over the end of Jan dat that they said 'around that time' but seriously.... the rest is just conjecture and baseless. SOLG are not silent. But moreover my view would be that they need ducks in order before they can announce a series of news releases. So if the red tape / prospectus / court approval process is taking longer than expected sobeit... but the rest of the business news is likely on hold until that first domino is completed.
As for SOLG going silent... there's not much they can do or say until merger dusted.
I can understand some pi's getting frustrated but 2 weeks or even a month in delays on merger deals is not rare by any means. Chill.
patience required
Solg have never fallen silent due to good news.. that is why people are starting to get concerned.. that's all it is.. and I understand...
The longer it takes to make any merger announcement, the bigger the behind the scenes issues probably are.
As far as I can make out Monte that is the plan. Current management do not want to have anything with Cascabel and get shot of it to the highest bidder..or indeed any bidder lol
JG, because they're in the middle of producing something of great significance and they're not ready to release details yet.
Most - we issue shares in desperation at 16p and zero when share price was 30p plus last year - what is the deadline for the SR? Are we exploring - no one has any idea - when reading this board everyone seems to be guessing what's next as opposed to a road map - why is everyone having to guess ?
Monte, so, Caldwell has been in situ almost exactly three months and you're writing him off? This isn't the Premiere League.
For the first time in a long time, I find myself defending the board and would suggest everyone needs to exercise a bit of patience.
Of course, if they deliver something I don't like I'll be right behind you!
Surely one of the conclusions that comes from the SR is that the current board of directors and management of solg should not be allowed anywhere near the project.
Even blind Freddie should be able to see that.
JG, which of the directors do you believe are incompetent?
136845 into 135931 looks like a Bed & Breakfast to me...
100k into 100k and 69.089 into might also be...
But whatever way you look at it these guys seem very comfortable in buying/continuing to hold...
Share price being walked down - the assets are there but maybe a competent board of directors isn't - maybe the strategic review without deadline is to maximize the npv of the board salaries
It seems the "market" has walked this down to 14.5p for a reason, question is what that reason is, steady at 14.5p...
Steady regular buying in size around 14.52 area
We shall see...
Your definition of unnecessary is defined by the outcome you as an individual wish to see here - a takeover - rather than what the board decide as the best way forward in the interests of all shareholders, which may well include retaining the portfolio ex-Cascabel.
I am against paying taxes unnecessarily as a shareholder...
Correct colonelDrake Lasso just wants it built.
We have taxes to pay if we sell and we are having a strategic review to work out the best way to advance Cascabel.
So we are going to build it as 20% tax take and possibly more is a lot.
"Nick has always said that if you sell Cascabel there would be Ecuador taxes to pay..."
Taxes get changed all the time. They normally go up but in countries like Ecuador keen to attract new business partners and get mines moving which require $3bln Capex... ermmm they tend to change the rules or offer benefits. Recently some licence blocks in the south have had better financial terms agreed I believe.
What Nick says 2 or 3 years ago may well be right but things change and often with SOLG! Maxit, Mather et al have had more than enough time to sort their offshore accounts out so on a personal tax level...alot is manageable for those that are motivated. PI's have chance to offload into ISA (part or all based on balances).
The CGP guys want cash.... we know that. If that costs 10% or even 20% tax I think they'd be happy. Fairly easy for Maxit to factor some of that into the offer price talks/deals and Lasso to then give some back through greater Capex offsets/reduction in early phase Ecuador royalties. Lasso just wants it built ... and super majors want early profit pivot points not long term ones.
It's a while since my 'senses' have been tingling. Doctor says it's down to my age! :(
Yes SM I do but I'll keep the names to myself at the moment.
I've no desire to start a witch hunt but when you read the last few days comments and then read them again, my senses are tingling.