Member Info for Bozi

TBTT

I'm not the one invested in a company (that has hired industry renowned advisors to guard against a takeover) in the express hope that there is some sort of takeover or significant overnight value accretive event.

So please, with respect, don't come on here to tell me i don't know about business. Thanks.

Close the door on your way out TBTT.

Byeeeeeeeeeee.

Eish are you still saying you don't know the vision for the way forwards?

Complete studies on Alpala and now wider Cascabel with the view to an investment decision.

Continue to drill Porvenir with the view to publishing a maiden resource estimate.

Systematically working on the other priority regional projects to make more significant discoveries.

Bring in partners to get a slice of the non-priority regional action.

That is the four point plan to take us to end of 2022.

I don't see how an interim or newly appointed CEO can deviate from that. They are employed to follow the strategy decided on by the whole board of directors, which includes... you guessed it, Nick Mather.

Clinging on to hope that a new CEO will single-handedly take SOLG in a completely different direction has to stop. It's unrealistic.

No it isn't worth the chat Kohaku. They are an Aussie custodian holding shares on a pooled basis for many unrelated investors.

End of story.

Of course it does Addicknt. He directly controls 20% and so him abstaining would have created roughly a 65/35 in favour of rejecting the resolution.

But each share carries a voting right so to remove the rights controlled by one person is hardly fair or democratic.

We'll see what shape christmas comes in when SOLG does it's 2021 funding round i suppose.

No I'm not Addicknt. His shares carry a voting right in the same way that mine and yours do?

It doesn't detract from the facts i stated. Shareholders voted against the specials and so the company has a lower headroom for capital issuance and has to include our esteemed major shareholders.

Turkeys and Christmas. Thank you Nick for not giving them the Franco equity. That would have squashed us all into the ground. Most won't appreciate the nous and long termbenefits of that move.

Monte - if you approach investing with those generalistic views then you will not be a winner long term.

Our job as investors is to spot those small caps that are lower risk than the market is taking account for, and we exploit that value.

If all small caps are high risk and only a few multibag then why are we in this game? Do you hate money or do you like to moan? Which is it?

Maybe we should all go and buy shares in Tesco and be done with it.

I don't claim relevance Monte nor do I claim to be right.

But when i read these boards and see the same bile towards Mather or ridicule of Quady then yeah I'm going to have my say.

You can point the finger at Quady all you like but if people didn't ridicule and bully him/her then he/she wouldn't resort to insults in return. The insults don't kick it off.

Come on now.

OWAN - please why do you persist?

This AGM vote rhetoric is bull.

In broad terms around 80% of the SOLG register turned out to vote. BHP, NCM and CGP colluded for an audacious power grab attempt. They hold 33% of the company's shares and when you add a few disillusioned PIs to the total you end up with the 45% that tabled the against motion. Every other shareholder that voted did so for Mather for a MAJORITY of 55% and so Nick's re-election was carried.

Now what happened behind the scenes was clearly that BHP and NCM said they weren't going to pay another £ in, such was their disgust at being overlooked for the less dilutive FNV deal. With the special resolutions voted down by the same parties mentioned above, plus PIs who by voting down the special resolutions have proved themselves to be turkeys who have voted for Christmas, Nick had no option but to step aside.

SolGold shareholders who are desperate for a collaborative approach would have rather seen £100m of cheap equity given to BHP. Given what has happened since we would now be looking at an SP of 10-12p so by playing ball with a major they'd have seen the value of their shares cut in half.

As I said, turkeys and Christmas. Apply it to any global or current theme and you arrive at the same outcome. People being short termist and making a meal of it.

Monte- when a CEO is as interested in the number of shares Nick is he has little option but to look after all shareholders. Who wants to earn $200/300/400k a year, pay substantial income taxes on that amount but essentially destroy their other wealth by not looking after it in a responsible manner?

I'm not disputing he hasn't looked after himself as well, but as someone who bought the majority of my shares at 2-5p i can't sit here and say Nick hasn't looked after me. He has given me multiple opportunities to exit at prices of 40p+ and if SolGold does get taken over in the future we could be looking at another exit point of 40p+.

All this whilst raising a couple of hundred million pounds in capital markets to delineate and prove one of the biggest undeveloped copper gold silver deposits that has been discovered.

If that isn't looking after shareholders what is?

Let's be honest know Monte. I know. You can admit it and cleanse your soul instead of posturing under the banner of constructive criticism...you wanted Nick to flog this company when it was a one asset (in Ecuador) plus legacy Solomon assets. You wanted Nick to put a pin or two in Aguinaga and cut and run for 60-80p amongst the discovery hype, didn't you? The fact he didn't and chose to build a longer term company seeking to exploit a pipeline of assets on the Andean belt was a sickener for you as it extinguished any hopes of early riches. So you have panned him ever since under the guise of 'constructive citicism'. It's ok Monte. Step out into the light.

Nick can of course be criticised. People who know me will know i have been critical of him lately. The PEA was a bit of a bodge and the draft PFS only accentuated the mythical mine plan. It was a bad move, a shocker from Mather, but hopefully Marshall and Co have caught it before it became terminal.

Criticse him for that yes, but anything else is very harsh. Being paid a going rate is his entitlement and to be honest, if a CEO of a tier 1 project asks for a premium then there's a case for paying it. Just ask GGP holders whether they were happy for Heddle to get a payrise. Nobody complains that he gave himself bazillions of dirt cheap options whilst having a good idea of what they were onto, then excerising those options with proceeds from share sales at prices 30-50x the option strike price. With the utmost respect, you may want to revisit tbose AIM related beliefs. They're quite crude and basic and there's room to evolve them further.

Andywest

Might i suggest that any perceived rudeness is simply retalliation following the onslaught of risicule Quady gets for having a different opinion to the consensus? We're grown adults; people should be able to leave Quady to his beliefs but no, we regularly see a mob gang trying to lynch him/her.

I'm not surprised Quady has little respect for some posters.

For the record i am not Quady. I don't agree with everything Quady says but he/she is amongst the more rational posters on this BB.

Everyone else is trying to spin events to suit their own narrative and the bullying Quady is subjected to when he/she calls this out is nothing short of disgusting.

As for the 4 clowns who recommended your pathetic 10:25 post...

That's hardly the point Montecristo.

Would you do a job for half or three quarters the remuneration package of your industry colleagues, including those who haven't achieved anythi g near what you have in your career spaning 30yrs?

You wouldn't.

I do have to wonder whether you're invested in SolGold when you come up with such a ridiculous argument...

Have you got any figures to substantiate that claim Montecristo?

I think you'll find if you look carefully that Mather's remjneration was broadly in line with that from other companies in the sector of a similar market cap with tier 1 discoveries.

Poor show. And to think it got 12 recommends.

BN.c - he isn't heading up anything. He's become a NED.

This means he'll sit in the corner and protect his interests and those of his trust and DGR.

He'll be vocal against any moves that he doesn't like.

Wardy will continue to head up the operations I expect with the regional geologists reporting into him.

Very little change essentially, so I don't expect a mark up in price unless it is prompted by something else.

Quady - I don't believe it's realistic to expect an RNS.

Market was informed of Nick's role change and the timing thereof.

It has taken effect. Nothing more to be said. Nick could have released a statement but he didn't. I don't blame him. I wouldn't have either.

The company doesn't seem to be decumulating assets.

It is welcoming a pooling of resources in certain areas but I'm not sure where this notion of disposing of the tenements the company fought sorely for comes from.

Hardly going to sell Porvenir before a resource estimate, surely?

If that's the case ToS1963 that is what I'll be doing.

But I won't be chasing copper gold explorers with big capital allocations and relying on them come in big and complaining on bulletin boards day in day out because it isn't happening.

Good day.

Nobody cares DBW.

I haven't said anything out of turn to anyone and I've even found myself agreeing with some of your recent contributions.

If you can't deal with the opinions of others without resorting to censorship then maybe that is a development point for you...