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If anyone of the investors here has any ears into SOLG towers please pass on the message that the time for them to communicate is ‘Now’
No more hiding away
No more delays
No more excuses
No more nonsense
No more blaming someone else
No more - blind Freddie’s, paddling one’s own canoe, French translations, - basically cut out the bull
No more missed deadlines
No more excuses
No more pointless presentations
No more gravy train
No more over inflated salaries for delivering zero value
We have gone nowhere in terms of SP progression for yrs and yrs and yrs and yrs
SOLG mgt should hang their head in absolute and complete and utter shame
They have failed - even if they sell it tomorrow (they won’t) but they will have failed
They will all point at each other, all blame each other or those that have escaped and left the company - but they should look at themselves
Even the steadfast SOLG supporters of which their were many are beginning to turn en-masse
PI’s have been treated poorly and I’m certainly not a million miles away from being the only one who thinks this
So tell Fawzi, Mather,Caldwell and anyone else who hides away in the shadows at SOLG that you as investors may have the ear of that their performance is shocking - their comms is the complete pits and the quicker this misery is ended for investors the better
Just my opinion of course
But the swell of discontent is building by the day
It’s time they listened
Well said DG1! What the hell do these executives do all day? I see no progress on any fronts. Such a sad story
Come on DG1Investor, stop sitting on the fence & tell us how you really feel! ;)
Gazbag, that's the way I prefer it! I won't be influenced by the boiler room boys!
DG1, although I think some of the issues you mention have been addressed by the new management, I share your frustration.
Rightly or wrongly, I believe we will see something emerge which is completely transformational. I find it difficult to believe that our new masters have engineered the new regime with the intention of maintaining the status quo, particularly given everything that's gone before. There have been many clues and statements of intent and failure to deliver would lead to mass dissatisfaction on a grand scale. They've very noisily put their necks on the line and it's time for them to prove themselves.
I was just reading back over some old RNS releases.
The things they award themselves for with options is laughable. Basically if they do the bare minimum of what they are payed to do, they get options awarded.
Nice work if you cam get it.
Why would you be in a rush? They might have to get e real job afterwards.
Monte, bear in mind the CGP holders will have their options rolled-over into our company.
News next week from what I gather. So if true then only a few days over their end of Jan prediction.
But will it be Bad news? …. Or good news?
orthern, what would qualify as bad news in your book?
For me it would be a jv accompanied by either a minor distribution, or none at all; a tinkering with the corporate structure i.e spinning off bits with no immediate upside; a sale of Cascabel at a bargain basement valuation; or some insipid statement about exploring all options. The very worse outcome would be some tosh about seeking funding to develop the mine.
Glad it's incoming, Fort. Where do you get this insight from? Very helpful if true. Have you got an inside person tipping you the wink?
Oh dear, the end of days.
We seem to own something that no one wants. No one can disagree that whilst we have a vast and valuable rescource it is just too expensive to get out of the ground.
There is no incentive for any prospective buyer to put in the first bid, they are all happy to sit on the sidelines, watch the share price slide and will only react if any one else bids. There is no upside in being the first bidder.
killjoy, I think you're living up to your moniker!
As its stands, we have no way of knowing whether what you say is true. The delivery of the SR should reveal the truth.
I've sent Fawzi three emails in the last two days...not even the courtesy of an acknowledgement...
It looks like, don't call us, we 'll call you ! You got our votes - no more lip service please! Its year of hope, nonetheless!!!
GLA
DG1 This the most ticked up post I have ever seen.
Kind of sums it all up realy
DG1 investor, we've always been similar in our views on Solg down the years, and I think lately a few of the more tolerant and patient long termers have joined us in our cynical, hopeful dismay.
But I honestly think a bid will come this year. Of course I did last year too. But after the merger is complete we will be in a completely different position from last year. As much as is humanly possible, we have banged our heads together with CGP and trussed ourselves up ready for sale. I fully support this strategy, more than I've supported anything SOLG has done in the last 7 years. No talk of production, no pointless drilling, no box ticking exercises. Go for broke, go for a sale; might seem extreme but it's the only way any of us will get out of here with a profit now (from this point, not overall of course).
But until a bid lands that strategy fails. It fails every day we don't see a red dot for that RNS. It fails until it happens. And we know it may never come. But it's the only way out from here - we've painted ourselves into a corner and every other route now would be a disaster, expecially production which would mean bankrupting ourselves or dilution to infinity. Much as it is a drastic position, I applaud it. I like this risk, like this gamble, even though every day ratchets up the stress and the impatience, and every day we attract the trolls and the derampers, and our resident dafty gets to yabber on about diverse books and production.
It's excruciating, especially with the SP falling and falling on tiny volumes, and no communication from the company. But what can they really say prior to completion of the merger?
One thing I know for certain - the share price of today is not the one I'll be cashing up with at the end of this. It will either be 0.1p if we try to go into production, or it'll be 68p+, hopefully later this year.
We can't force it, we can't speed up time and nor should we want to. Like the WWII pilots who vomited into their masks, we just have to suck it up right now. We have to suck up a dismal share price, a lack of news, and all the atttacks and distractions of the trolls and derampers - and Quady's constant nonsense - because that is where we are right now and the only option is to sit tight or bail out.
I won't be bailing out, but looking at the days, weeks months or years till we are sold, I really don't have anything to add anymore, other than to continue arguing with idiots who just seem to have endless energy and never get exhausted morning noon or night - it's just insane and pointless.
So this will be my last post until a bid does land... or we formally go to the wall a year or two hence.
Good luck everyone, hope you all keep well, and let's hope we have a lovely Spring in every possible way.
And never forget the words of Mr Micawber - "Something is bound to turn up!" I'm sure we haven't come all this way not to get a happy ending.