Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Hard to ignore the criticism of Scott especially when you take his last two sound bites
1. He'd take 23p (that's not what you want to hear from your CEO)
2. After month and month of a closed period, he buys £5k of shares in open market (that's not the message you want to hear from your CEO... it basically says... it's a buy guys at these levels but don't invest too much as I'm really not sure what the xxck is going to happen. So just beer money... don't bet the house.
I wonder what Mather would have said or Darryl for that matter.
23p? The bloke for be sacked for saying that.
SM was telling us last week.
Once we sign the financial protection agreement with the government. The share price will rocket.
Today the clowns telling us, if people don't like legally binding contracts, they can rip them up.
Then he tells us people are queing up to invest in ecuador
Bloody hilarious.
And the embassy debacle tells us of Ecuador's view on the breaking rules.
Go easy NAL old Buddy, you are shredding dreams here. As a fan of NM, at least when he was in charge the SP wasn't at 5 to 9p forever and a day. A PI could earn an honest crust trading the share. Now what we have is the hotel California situation where we can check out any time we want, but we can never leave😔 All thanks to the buffoon we have for a ceo, the illustrious Scott The Rocks Caldwell😆
Another worry SM. If your comfort blanket theory is correct, and people can rip up contracts at will.
How will that encourage investment, if as you say any protection contracts signed with the government us worthless. As they can rip it up.
As usual none of your wishfull thinking posts, stand up to scrutiny
SM. Let me save you looking.
Roy hill paid rinehart. 2.5 billion year end 2022.
You are clearly clueless, as to the wealth of these people.
So please don't wet yourself over her sending the tea money to Ecuador.
And please furnish a link that told you will flock to Ecuador, after the embassy fiasco.
I can furnish many links stating it could have a detrimental effect.
Please note could, not would.
SM,you are beginning to sound like adikt. naive
twiggy lost almost a billion dollars this year when he shut a mine he brought last year. that after being advised not to buy
it's you my friend who is clueless, you are absolutely clueless. $200 million invested, it wouldn't even need a memo.,
she probably doesn't even know,
she personally gets a dollar for every tonne of ore removed from Roy hill.
check how many tonnes they mines last year.
also your and adikt claim that investors are still flocking to Ecuador, after the embassy fiasco, is ridiculous.
one investor who signed up weeks ago, is a bit different to the billions required by solg.
Sharket….. don’t bother mate
"What restrictive covenants and compensation clauses was Rinehart subject to during negotiations?"
Hilarious. This is Gina Rinehart we're talking about. She's worth $30bn. If she doesn't want to invest $200m in Ecuador because of a change in the geopolitical landscape, the deal doesn't get done. It's as simple as that.
You seem angry, SM. You okay?
What restrictive covenants and compensation clauses was Rinehart subject to during negotiations? Rather than me being the one having no idea how these things work, if you think lawyers negotiate on the basis that one party can see a deal 'torn up' at the last minute without penalty, you are clueless.
Your wishful thinking around funding is lovely but won't help.
No weaseling here 👍 Just a repeat that the fundraise is going to be a car crash. Which will be a shame for all those who have been hoodwinked into investing at what they have been told are 'bargain' prices.
This has a very long way to go, and the road is not smooth. Sorry 🤷♂️
If option 2 were the case the share price would be far south of here, as it has been in recent weeks. I actually think it this scenario it's much more likely that the company has various financing options available and is therefore happy to let this go down to the wire (as they may well be close to agreeing a deal for an asset or the business as a whole).
Also your desperate "this deal was inked weeks ago" schpiel shows you have absolutely no idea how these things work. As addicknt mentions if Rhinehart or any investor saw the embassy situation as a serious problem, those contracts get torn up before they're signed. They're released to media the day they're signed because it's in literally everyone around the table's benefit to do so.
I also note you attempting to weasel out (already) of your claim that we'd be raising capital at a share price far south of what was then around 6p or 7p. I wonder what volley of bullsh*t you'll treat us to when that doesn't happen.
Nice try add. Clearly the market favoured previous management efforts, which is why the SP has collapsed under the current clowns. Map our MCap against who was in charge. What was the average under NM, DC and SC. Then tell me Scott is doing a good job 🤣
He will likely be long gone when, in late 25 or more likely 26, we finally get an offer.
That's an alternative view.
Which is more likely the cause of them leaving it this late to make an announcement:
1) they have loads of options
2)they are stuck for options?
Just try a bit of Occam's razor here. You need to tie yourself in knots to try and explain why they'd leave it late and allow the SP to sit so low on finance fears if there were options. Option 2 is the simplest explanation, so it almost certainly reflects the truth. We'll see if someone takes pity on solg... In the absence of charity, it will be dilutive as I've always said, and that won't help our SP one bit.
SH, at last we agree upon something!
Up until SC was appointed and power was wrested away from NM and his band of merry hangers-on, the management and strategy were dreadful. At long last we have a team with a realistic and deliverable plan.(you may not agree with that bit)
Yes, I 'follow'
An alternative view is the company is going through various options and negotiating the best possible deal.
NMM, you’re aiming that at the kind of moron who holds stock long that he thinks is going down 🤪🤪🤪🤪🤪🤪🤪🤪
Never argue with an idiot, they will drag you down to their level then beat you when experience
Just block the khunt
If we were well managed and had stuck to a single, sensible plan over the last 5 years we'd be a long way north of here. I have no doubt management would consider almost anything at the moment- my contention is that they haven't been inundated with offers, and that's the reason it's going to the wire.
If they had lots of options, those options would have existed for a while and they'd have chosen by now... Follow?
Will try again...
Stackhigh - do you consider a sub-£300m MCap to be too high for a company which owns 100% of Cascabel and various regionals at different stages of exploration?
I'm sure SOLG management are working through a number of viable options re: financing. Sure, it is unlikely one of these is a bid of 60p+. But it doesn't need to be at the moment.
Get a cash runway of 1-2 years and show the phased approach is possible. That may force interested parties to act.
Stackhigh - do you consider a
Should I join the brainless rampers and pretend everything is good for solg, add? Would that please you? We'll just ignore what's happened to our market cap, and the fact we're about to run out of money with no details of any options, let alone a plan.
My claims: riding roughshod over the Geneva convention will be bad for future investment. Your reply: Rinehart has announced an investment she could have stopped but didn't, therefore I'm wrong. Can you see the irony about definitive statements? I should 'accept the fact'? One swallow, and all that...
When the fundraise happens, and it is bad for PIs, may I say 'I told you so'? Because your naive apparent believe (which I'm sure is disingenuous) that it'll all be fine for PIs is not only wrong but also always delivered with such sanctimonious pomp. Time will show readers here who is right (again) 👍
SH, I love it when you make your definitive statements - they're nothing more than speculation and you know it. The ONLY guidance we have on this matter has come from the company itself, and no disrespect, but I think they may be closer to affairs than a lad running a small building firm in the North of England.
As for your point 2, I believe you're wrong and the numerous articles which have appeared today suggest the latest deal was signed in recent days. She's committed $300m to Ecuador in recent weeks and even if they've been in discussions for some time, which they will have been, she could have pulled out if she was concerned about the impact of the Mexican situation. She quite clearly isn't.
You are desperate to find a justification for your gloomy prognosis, sadly for you Rinehart isn't delivering on your agenda - quite the opposite. You'll feel better if you accept the fact and find something else to moan about. Suggestion: keep banging on about the "car crash" funding right up to the moment of the announcement. But make sure you've got your reverse ferret boots on and have a ready supply of "I didn't say that" posts to hand.
Add, you're doing your usual trick of slowly trying to make this less relevant, presumably to gloss over the conversation about where our funding is actually going to come from (clue- it won't be 'non-dilutive'), but I'll bite, just for you.
1) sticking to your guns and stating the same thing again isn't "back peddling". I said the president's behaviour would damage investor confidence and I stand by that: no change in stance.
2) for the third and final time, the investments announced last week and this were not penned yesterday or even last month. They represent the final 'reveal' of negotiations that will have been ongoing since before lasso stepped down. What they don't represent (and I know you know this, so I assume you are playing dumb?) is an endorsement of recent 'strongman' politics. If you believe deals announced now are the work of a couple of days, that might explain why you think there's more going on at solg than there is?
"Just that it will put investors off. Which it will" Are you sure about that? The article is dated today.
You're in back-pedal mode and it's amusing to watch. And the great thing is there's a lot more to come, although I don't imagine for one moment anyone on here will take advantage of your discomfort.
As I say, add (you can read!), the deals announced last week and this were penned a while back. The impact of Ecuador's president displaying dictator tendencies is yet to be known, but it won't be good for future investment. Don't think I said it would prevent investment entirely, did I? Just that it will put investors off. Which it will. Any questions?
"stick with the person who is yet to be wrong about solg". Provided you ignore that person's suggestion no one will invest in the country under current circumstances. And who knows, when the financing is announced it could be another amusing egg-on-face moment? We wait with bated breath.
Slug claims to have blocked me but just CANNOT stop thinking about me. It's a bit creepy. He'd love to know how many shares I'm holding, when I've bought and sold, but like most on here I don't update the board about every position I open/close.
As for investors being put off Ecuador, they definitely will if the president continues to act more like a dictator. Deals being announced last week and this were inked before he ordered the raid of an embassy or tried to pin an embarrassing power outage on a minister.
As for car crash fundraise I've predicted... Has anyone got details of how we're getting the cash? Apparently it will be non-dilutive, so shareholders will still own the same percentage of the same assets... 🤣. Must be one of those charity deals where a major or a streamer chucks us $50m in exchange for nothing?
Simple advice you don't have to follow: stick with the person who is yet to be wrong about solg. Or, it you're a brain-out loon, stick with the guy who thinks they make cars that run on water and likes to rant for hours about COVID vaccines. The choice is yours!