RE: The Future of Solgold2 Dec 2022 13:45
Well Monte, there's probably an element of truth in that comment.
I think in Stackhigh's case there is an intelligence there but people misinterpret it because the overall message is intentionally to counter their intuition.
As I said, I don't agree with that overall message but I do respect Stackhigh's attempted positioning to counter what can become an echo chamber when certain posters get on a roll.
You know where I stand. I don't wish to labour the point. I believe and have for some time that the outcome will be a less than satisfactory handover of our flagship asset and probably everything else besides. It'll probably be an indictment of SolGold biting off more than they could invariably true, although I still believe the strategy was right to pursue a regional portfolio - on the basis that Ecuador was hugely ubderexplored due to historic mining policy and the opportunity that arose was one the company was right to take. It's how they capitalised upon that was sub-optimal.
If StackHigh wanted to justify his position, he could offer an explanation to the company's decision not to replace the key executives and personnel that have recently left the company, namely our Chief of People Tania Cashman. Every organisation needs good people in HR and it seems SolGold are happy to carry on as they are. That, and the outcomes set out for consideration by the strategic review.
Q2 2023 will be the time in my opinion, particularly if recession has started to bite and copper demand slows. Oh will we be ripe.