Member Info for cadell

I have been in and silent for two years. What goes around, comes around...

Our present pair of CEO's ,(put two boys together and you get half a boy' work) supply no information as to what they do so why should we trust them except on results? No explanation as to why the modest pay back on Victory, or the problem with Parta or, or... well, what else have they done?
Sorry, but I don't think we owe them anything. That said, anyone wanting to replace them had better have a good story.

BMC See the chart.

As I see it, if it hadn't been for Putin and the fortuitous lift in gas prices, we would have been wiped out by now. Our current BOD has not lived up to expectations. Look at the SP over the past eight years, 8p to .26. It says it all.
That said, what would a replacement BOD offer? I might be persuaded if they injected a few millions to accelerate our ponderous activity.

The drop in the SP yesterday makes me shake my head in amazement. One shoe has dropped and all we have to do is to wait for the other. Yes, it was costly, but the way ahead is now clear. BHP is no longer the only way forward.
In my opinion, the only question is whether our BOD (and advisors) can seize the opportunity.

Quady, yes, they are proceeding as they said.... in total silence. A bit like Scot of the Antarctic

The descent of the SP is only partly self-inflicted: all miners are down. ATYM, which is perfectly sound, is almost at half the price of six months ago. It is the end of the holiday season and, come September, the heavy brigade get back to their desks - and deals. Meanwhile drilling continues. A rights issue at 10p would settle nerves. All funerals end in a p-ss up!

Seems to me that it is not in the interest of any of the big shareholders for Solgold to develop Cascabel, though for varying reasons. Sooner or later our BOD will have to recognise the only way forward is to auction off Cascabel and then use the proceeds to finance Porvair et al.

I like the phrase may involve....strategic investors. When the elephants are fighting, the wise men keep quiet.

Thanks for your thoughts - makes sense to me. We are all thrashing around trying to guess the unguessable, and all are frustrated at the wait for news. As we are now in the European equivalent of Ramadhan, we may have to sit on our hands until September - or maybe not, that's the maddening thing!

I am sanguine about the results of the forthcoming meeting. The big investors have already sorted it out and for once their interests are much the same as mine. After all, what's a million here or there if we are talking in billions? Relax. If you want to worry, worry about China and the price of copper.

Sounds plausible and possibly better than mine, which is that Newcrest sell out to BHP and use the money to buy out GGP, following which BHP mope up Mather and Cornerstones and squeeze out we PI's.

With all the heavyweight advisors involved, this has been in the planning for some time, which makes me feel that our BOD have been less than honest about all the talk about our Egyptian future. Furthermore, our BOD have not shown
themselves to be very adroit in anything, so I am glad to see the back of them.
That said, there is a medium-term advantage in spreading our political risks in a place like Africa. With the POI at 120, there must be lots of profit to be made. Overall, I suppose I am for it.

Having had a good run a shakeout was always likely when there is no immediate news coming. I'm a long term holder and regret the drop in SP but I think an unqualified rumour sparked it off. This is AIM and things get manipulated.

It would be good to get a value on the five percent as this would set a value on our share of Haveiron, and I suspect steady the SP

Colonel, I always enjoy your input although I rarely comment. I think that BHP would have bid already but fear a drawn out bidding battle with, well, however. After all, it is a big prize. Personally, if I were BHP chairman, I'd look for a joint venture with Newcrest but then... Two bull elephants with a female in oestrus?

As I see it, we will drift down and up until we get the inevitable - and hoped for -corporate action. If the BOD are timid, we will get a cash injection (could come in several ways ) kicking the can down the road. If the BOD are as bold as I hope, they will already be approaching the two biggest shareholders saying 'if you don't want to bid for all or part' we will go to the outside world and look for a buy-in investor to develop Cascabel alone.'
The PFS is satisfactory, as far as I am concerned, but I await the big action.

I wish that now the dust has settled (?) the BOD would offer us a strategic review of the way they want to take the company.

When do we expect this shambolic financial mess to clarify? I am totally confused.

Yeah. They say that silence is golden - but not on AIM