The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Pretty much Orthern.
I'm sorry folks, but given how long we've been here and where we currently find ourselves, I'm not going to start filling my face on a few crumbs.
We want someone who is going to come in here and start talking straight. No self-obsessed claptrap.
Sean - if you're reading this then it's time to read the room. Get on with the task in hand rather than prattling on about your background because most of us don't care. We're tired of it, we've had it before, and quite simply, we're only interested in you delivering whatever you are here to do.
It's not what I want DBW. For what it's worth, I want to see a house of all parties that drives the hardest bargain and delivers as well as it can for the UK, a house that rids itself of self-interest and substandard public service levels.
It's not so much about party politics for me but I'll freely admit that Starmer has more than his share of faults. He's going to be inheriting the keys to a pretty broken country and I don't envy the job he'll have to do to try and forge some progress.
For some ardent tories I expect he'll show an improvement on the recent governments and that's in spite of the fact he'll not get everything right.
But personally speaking, this election ought to put to bed an episode that started with the fairly meagre mismanagement of Cameron and Osborne and developed into the rudderless wandering of May before progressing to the devious sack that was Boris.
More than anything, I wish the British people would see frauds for what they are. Making I'm asking for too much there though...
Add - you won't get anything constructive out of Eloro now. Very much on the wind up since his rebellious vote at the AGM was so unceremoniously kicked into touch.
Your post earlier today was spot on, and said better than I ever could. Glad you addressed what could only be described as a poor take of the current situation.
As I see it, the phased PFS and IPA are the key deliverables. Get them boxed off in Q1 and we'll be in a good position.
That aside commodity prices are the other key variable. If we see any sort of material movement to the upside that will lift the SP and in turn that could prompt a suitor.
Can we have some justification from you Eloro as to why a sale won't happen in 2024?
It isn't as simple as voting them back in at the 2024 AGM. If they haven't achieved anything significant throughout the year they'll be relying on their own shares and a few valued supporters to keep them afloat.
If, however, they tick off a number of material deliverables then I think there will be a case to be made for giving them further runway.
But all that said, still don't know why you remain fixated on AGMs. I'm sensing a change in your outlook in recent weeks. All this stuff about proudly projecting your voting decisions being confidential (like anyone cares) and now this. It's all a bit disturbing.
Stackhigh - you never did say why you were confident of no developments in 2023. It transpires you were correct, even if there was a large dollop of fortune in that call.
Last year saw commodity price lows and on another day that might have been enough of a tempter. Maybe you were just too smart and you knew that SOLG would be pushed into producing a new iteration of the PFS.
Agree Add. What is the point of getting transfixed on an event 360 days away? I think we could be pretty derogatory about the thought process behind it but that doesn't get us anywhere.
If we get there, it'll be because management haven't been able to drive us to an optimal outcome and all decisions would nedd to be made on information available at the time.
One thing is for certain - everyone is pulling in the same direction and that is something we've not always been able to say about SolGold.
Agree Add.
I suppose the positive of the special being rejected is that it makes the SolGold Canada shares less likely to be issued and anyone who had their eye on them now has to either start buying on the open market or twist Scott's arm into print some brand new paper.
Interesting dynamic emerging there.
The thing is Add, I don't think Mather has ever said he is against a sale provided it was a fair offer.
Yes, he was guilty of showing the opposite strategy - empire building, securing all the regionals etc. But without that we wouldn't have had the Porvenir discovery and it's debatable as to whether we'd having landed the Franco funds.
That banging of the production drum as you put it, actually secured significant production focused investment which meant less dilutive finance.
Aside from that, we know that BHPs strategy has only ever been to try and squash us into the dirt. Newcrest always were inconsequential.
Their continued protest votes 3 years on are pretty pathetic,ubless they still believe that toppling Mather brings down the whole shabang.
Hideous to see that folks have voted against the issuance of all the treasury shares to one party.
I wonder what goes through some minds at times...
There goes the opportunity to create three-way competitive tension without issuing new shares, i.e. dilution.
Deary me.
Agree Eloro. Also think we can read one step further and retain the rest, for 2024 only, on the proviso that the names you mention believe they are best placed to achieve the result we all want.
Situation then stays under review based on what they achieve in 2024.
Maybe a positive that both have taken their leave here Add.
Smickster - unlikely. The board are recommending it to shareholders and the top 2 holdings have both confirmed their intention to accept.
Bit of a Merry Christmas (not) for Shanta PIs.
The Shanta 52w low is just a smidgen under 9p though Roxi, so it's the equivalent of SOLG getting a bid of 12p whilst the SP is 10p.
Hardly a case of being in rampant bull mode and being taken out at ATH. Besides, it should always be about valuation rather than SP and I'm not convinced the valuation is a fair one for SHG shareholders.