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7 months won't move the needle here, so looks like add will be forced to eat some humble pie (spoiler- he won't, it isn't in his character to admit he's wrong, he just claims 'no one can know' 🤣)
I won't hold my breath in anticipation of the rampy loons quitting this board. They haven't done in the last 5+ years they have been wrong- no reason to suspect this current false dawn will be any more of a wake up.
Points taken Add. I do recall all that you've mentioned. We should discount December because I would expect to hear noise about the agm in November. So, more like 7 months to go. Heh, we are already in May and we are still in the dark. I don't expect anything major between now and November the way things are currently. Anyway, let's hope that I am wrong.
I should add that I was very critical of his 23p gaffe and his occasionally contradictory messaging. However, as it stands that doesn't amount to sufficient justification for constant vilification.
Eloro, that's not actually true as there have been a number of occasions when I've criticised him, corporate comms is one issue which comes to mind.
As for the question of what he's achieved, I think the answer is contained in the various announcements.
As far as your comment about the '24 agm, you may recall that in a previous response to this question I told you that if nothing had changed by then I would probably have a re-think. But that's eight months away and much will have happened by then.
I am not a slavish devotee of Caldwell, but I do believe he's on our side and is our pursuing matters in our interest.
Come now Add, cathexis also applies to your blinkered belief that Scott is doing an excellent job! I really don't understand what yardstick you are using to measure his performance. It cannot be the SP, the unclear funding strategy, the never ending SR, nor his continuation of the culture of non-performance? Being a muppet, I would be grateful if you could add some colour around what criteria you are basing your assessment of Scott on please? BTW, how is your list of reasons why we should vote Scott back in at the 2024 agm coming along? I am about to start some work in our anechoic chamber and will be offline for a bit.
"Next week could truly be the mother of all weeks with regards to news"
Tell us when you posted this, novice, then reflect on who understands this company better.
I do know that you can't have a sale without a buyer. And we currently don't have a buyer. And there have been no signs that there's going to be one. Deliberately vague nonsense about the data room just before AGM votes are due has never been the same as being in a buyers cross hairs.
A very thorough personal overview SH, but honestly you have no idea as does no one else what is going on/about to unfold at Solg towers... but your post is appreciated and a sober reminder that this is an anonymous BB and anyone can post anything.
Personally and FWIW I believe that we are in the final leg of the journey here as the stars appear to be aligning. We are invested in the right products in the right period of history and the correct resource cycle. BINGO !!!
55p someday soon !!!
Nick will know from his time at the helm than no amount of wishful thinking secures a deal. He can push Scott all he likes- Scott isn't in charge of when Solg sells. There's a common misconception on this board that we can 'work in the background' and 'get this thing done', when the reality is we can only work to explore, drill and derisk assets, whilst building relationships with locals. We can also give away the promise of a share of the resource for enough money to keep the company viable. Everything else is not ours to control. Scott can no more "get it sold" than he can magic the metal out of the ground.
Couple of years to run here, at least, and if Nick goes bankrupt in the meantime it will only cost investors who didn't do enough research. Sad, but true.
All is well here keep calm and carry on
Ignoring the ever useful comments from our two Learned Friends, the question arises of how long can DGR continue without the realization of some cash from us?
The A$5m loan they took out from Choice, which bears interest of 20%, is due repayable at the end of November. They are also due to repay the £1.7m loan from Equities First at the end of December this year. They're also involved in costly litigation against the administrators of Armour Energy, so the cash pile will be diminishing rapidly.
One can only assume NM will be pushing Caldwell harder than most to deliver some form of realization here.
Had to respond to adikts latest blow my own trumpet post.
I detect a bit of desperation and back peddling going on.
Unfortunately, you've a long way to go ad.
Also doesn't your cathexis claim for eloro, fit your obsession with me.
Several posters telling you, I'm in your head, your unhealthy obsession with telling all I'm filtered.
Then having a little peep when you forget to log on. 😁. Or you pick up your wife's phone by mistake, and she just happens to be a lse member. 😬
And do you not have cathexis with every one who disagrees with you.
Nothing changes
Another day, another priceless bit of add. Is it ever a burden being so astute, add?
Interesting interpretation which, as ever, is wrong.
There's a useful word to describe your obsession with Caldwell - cathexis. It means the concentration of mental energy on one particular person, idea, or object (to an unhealthy degree). Seems to me this neatly sums up the situation.
Add, sounds as if you are not happy with the current situation with solg?! I thought you were happy and that believe that Scott is doing an excellent job? So why the hint of frustration that you don't know the situation with funding, or whether there is a deal? With your staunch belief in the man, you should be happy to sit and wait until he has completed his brilliant execution of our affairs😆
Issued their quarterly report yesterday. There wasn't much of interest as it related to us, but one or two things caught the eye.
In the update relating to their investments, in which they describe the status of the various projects, they describe Solg as being at 'maturity'. I'm not sure what this implies, because it doesn't strike me that we are at a mature stage.
They tell their shareholders that we have successfully completed the CIPA. Have we? I thought we were yet to dot the i's?
At the end of the period they had A$4m available cash - this came from the Choice loan. Their staff and admin costs were A$1.2m, so they've got some headroom for the next few months, but one assumes they don't have an infinite ability to raise too much more cash. Mather must be itching to see some proceeds from us.