No, Jerry. You made a generic comment about something Addicknt and I were discussing, drawing on a contradiction that I acknowledge.
You didn't say who made those comments, just that they were made. I made it clear that I wasn't responsible.
It isn't in the slightest bit bizarre that I felt the need to clarify.
Really, if you're going to bring up old comments, you should be clear on where they originated from.
Smickster - there has been gaps in my reading of this board as my time has been spent with the twitter group (which consists of many LSE readers).
I must hsve missed Addicknt's initial reaction but i know he wasn't exactly delighted with the Franco deal when it became apparent how this alienated our major shareholders.
That's all i was getting at.
To all - my apologies. I don't intend to come on her to bicker (honestly). A line drawn on my part.
That might well be the case N2S but the permits expired in 2016 and have been under renewal ever since.
We can't really sell a concession we are waiting to reclaim the rights to.
There's also the question of what further work (if any) is required to get the assets into a state where we can command a market value for them.
I honestly think Gabon is back burner until the company is revenue generating or receives a windfall in relation to the assets in either Ghana or Cote d'Ivoire.
And one final question that is very relevant to you given your background.
When, in your opinion, would a company CEO be advised to say that their company isn't vulnerable to predation from a bigger fish?
This narrative can crush a market's view on any corporate tension which does nothing in terms of attractive new retail or institutional investment, whether it be through the primary or secondary market.
Nick and Keith are simply telling us that a zebra has stripes, not that there's a lion hiding in the bush waiting to jump it.
OK Addicknt. I'm not sure I've distorted much truth at all but apologies if I have. Not my intention.
I'm going to have my final word on this now. You have the right to reply of course and i will pass up on taking this any further.
In my view you have sought to criticise him at every available opportunity. How exactly was the Cornerstone offer so ridiculous? We offered them a 22% premium to their prevailing market price but their directors and significant shareholders wanted a c.200% premium based on previous transactions that had no relevance to Cornerstone.
That's like SolGold getting an offer of cash and shares to a value of 80p p/s on Monday and rejecting it because we want 240p because Alpala could have a $5bn NPV and Porvenir could have a $3bn NPV. We'd be laughed out of town.
That's ridiculous. We have all discussed and agreed that a low share price is the highest vulnerability to a low ball takeover offer, but that doesn't mean it wasn't fair. It was fair given relative to their market position and the fact that CGP shareholders were getting access to 100% exposure to Cascabel and the largest tenure package of any company in Ecuador.
You criticised Mather for taking the Franco deal, for not publicly jumping into bed with our major shareholders (BHP particularly), for his lack of action at the 2020 AGM, for the PFS delay (justified IMO) and for a raft of other operational decisions around the lack of drilling and newsflow strategy between Q2 2019 and Q3 2020.
As i say, time now to let a sleeping dog lie. I do wish we'd be able to look forwards now to this company hopefully getting back on track and performing to all our satisfactions, whatever that may be.
I single you out for criticism Addicknt because you are the most consistent and the most vociferous. Barely do you comment without adding to the extensive record of distaste towards Mather and his decisions.
On the subject of a potential takeover, Marshall said that majors would undoubtedly be aware of us and interested in our assets. He didn't destroy the diverse book argument as he didn't comment further on the details of any potential transaction.
I'm not really playing this game again Addicknt because you've already implied it and I'm sure your pal Jerry will be along to confirm it (your collective view of my tendancies).
I'm just tired, as a long term investor, of seeing Nick criticised for everything.
We need to be looking forward to the impact of the new CEO and the handover by Marshall rather than comparing every presentation to those delivered by Nick Mather or the forensic analysis of comments made today vs those made by Nick Mather, particularly when there's a clear dislike for him.
I'm not saying he got everything right by the way and I'll happily agree with anyone that some of his addresses to existing or potential investors were hard work but he's out of the hot seat.
Let's see what Keith can oversee in the coming weeks and what the new man or woman can contribute when they arrive.
Thanks Bubble. I don't intend to step aside but my buttons do ocassionally get pressed when we see the same complaining about the same people even though they are no longer in executive management.
Nick Mather offered a huge amount to SolGold and will continue to do so.
Keith Marshall has contributed a significant amount in his 6 short months with the company.
I'm keen to look forward to the future contributions of both instead of the incessant criticism because someone didn't do something how someone with no mining or exploration experience wanted it done.
I have now watched Keith's presentation Rich3r. A solid no frills performance which is absolutely fine by me. Some useful updates to take forwards and some intriguing context to add to previous updates.
Patrm - if you're so obsessed with money and the accumulation of it then that's your prerogative.
Nick is wealthier than I'll ever be in my lifetime. That isn't the point.
What we are seeing here is the evolution of the SolGold story under the interim stewardship of Keith Marshall and frankly I'm tired of seeing criticism of previous management, management that generated significant shareholder returns over the medium term.
God forbid that one or two LSE board members join the register of a company that goes south to the tune of 50% or more.
Filtering you allows you to continue to post your diatribe unchallenged. So yes, I'm sure that suits you down to the ground.
It's a bit rich from you to bring common sense up. The guy has stepped aside and yet you still have a dig at every opportunity. It does make me wonder how he offended you personally.
Have you ever offered your services to SolGold?
Zoros you show yourself up with posts like the one at 13:58.
Noted also that Addicknt persists with sticking the boot in.
The pair of you will do well to remember what Nick Mather did for this company when you're both walking off into the sunset with your pockets full.
Rich3r - I haven't listened to/watched it yet. I'll catch it at some point today.
If Alpala production is 2028 and nobody wants to acquire us beforehand then that's fine by me.
Things take time. I'm not invested in SOLG just for the discoveries or the corporate action, so whatever will be will be.
The company cannot sell it's assets in Gabon. It is waiting for licence renewals to come through at the moment with a 50% reduction in the licence area, possibly reflecting insufficient expenditure there over the previous term.
In Australia it has divested May Queen Gold. The deal there is probably reflective of the general worth of these early stage assets, i.e. they aren't worth the multi-millions that people are hoping for and any buyer is unwilling to throw us a pot of cash... they want to issue stock and tie us into a medium to long term investment.
No need to sell anything off just yet.
We talk about value creation on these boards but the way to do that isn't to sell off projects that have had hard work done and £ spent bringing them along. Companies can't trade their assets like people trade their shares.
You acquire an asset cheaply, nurture it gradually over the long term and sell it at the right time when it is most valuable.
Good luck with them.
I'm still of the view that value will be created incrementally here and not upon an end game as such.
The recent updates from Ewoyaa and the adjacent licence bode well and we should have some newflow to come from Zaranou in the not too distant future.
Plenty to play for.