Member Info for addicknt

Q, you may be right, it may be some way off (by the way, I seem to recall that I didn't say a bid would be imminent when the standstill came to an end, merely that it opened the door - although if I did I'm happy to accept my error). But my point is we are nearly at an optimum point for sale negotiations i.e we're close to having a good PFS (hopefully) and we have cash in the bank. If BHP's tactic is to wait for us to run out of money, they won't have that long to wait and we absolutely must avoid being caught in that trap...look at SXX.

Bozi, you're right about a predator(s) wanting to 'strong-arm' their way to ownership, but this situation is hardly unique to SOLG. These companies are highly aggressive and do not exist in order to appease the shareholders of competitors; they exist in order to prevent them taking market share. And it always amuses me when people get so angry about BHP and their tactics whilst ignoring the fact we behaved in EXACTLY the same manner towards CGP. (that particular folly was when the rot started to set in and was one of the key reasons Mather had to go)
The task of our board is to recognise the inevitable and to ensure they maximise the return for shareholders, and in order to do this they should have a strategy which is fit for purpose and negotiate from a position of strength i.e when we have a demonstrable resources, a plan for production and when we have plenty of cash in the bank. Our board is not stupid and they will know this, and I'm certain our advisors will have told them the same thing. Therefore it's my belief they are working behind the scenes in order to secure maximum return on our investments. The public statements about going to production are a gigantic, but necessary, smokescreen which no one really believes - well, hardly anyone.

anyone get the login info from HL yesterday?

Even a brief presentation would be an improvement on last years dismal performance.

Rich, you are of course right. The idea of us constructing and running three Tier1 resources is fanciful to say the very least, let alone all of the other prospects.
Sell Cascabel, divi out some cash and move on to Porvenir/Rio.

mog, let's hope they get their act together this year.

happyharry, if I needed any further proof that you're a half-wit, you've ably provided it.

I've just received a message from HL informing me that they'll send my the various log-in details five days before the agm, which I guess means Friday. They also stated that my voting intentions will not be registered until the 10th so that they can reflect the number of shares I hold at that time. Since I added a further 150k on Monday, this suits me well.

BTW, I agree entirely about the Eurasia . A very odd situation.

Bozi, the current situation with BHP is fascinating. We are led to believe their angst is a result of Mather's ongoing position, but is it really? It seems somewhat trivial and I feel there's much more to it. And do BHP and NCM really have a different agenda now?

Bozi, 1) I have yet to see a non- hostile sale process kick off in the public arena without the main shareholders being consulted in advance. (Of course, some refuse to be made insiders, but once you ask them the question, they know what's coming) You appear to accept my contention that a board position is irrelevant.
2) As you know, I'm wholly convinced a sale process will happen, but I fully understand others disagree. Ironically, the more tier 1 assets we get, the more likely a sale becomes, particularly a partial sale.

Bozi, I was thinking about a sale process and not dilution etc,etc.

DBW, erm...

Bozi, I must have been dreaming. Virtually every other post keeps telling us that were Mather to leave BHP would roll the company over and he's the only thing stopping a giveaway sale. I take it you've been reading the same bb?

I don't know how long it's going to take the Mather fan club on here to understand the simple fact that it isn't his position on the board that'll have an influence on any potential sale, it's his shareholding. One day the penny may drop.

By the way, I really don't like the way the company has given itself a veto on any questions they don't like. And the other problem with virtual meetings is you can't really get under their skin in the way you can if you are able to attend in person and ask questions from the floor; that way shareholders can't be censored and the board is forced to think on its feet. Before anyone states the obvious, I know that none of us would go to Australia for the meeting.

beat me to it, LM!

orthern, to log in you need a unique number and password, details of which are to be found on the proxy form which your platform will be holding. As I understand it, in order to ask questions you'll need to go through this process. HL are being very tardy in supplying them.

kat, HL do it for free, which is probably not very helpful if you don't currently use them. However, they're taking forever to give me the various access codes for registration for the AGM. Is anyone else experiencing similar problems?

RK, it was me. I couldn't be bothered to split my order and don't give a toss if I paid a fraction of a penny over the odds.