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This RNS has come far too late for the share price to stage any near term recovery and is full of the usual corporate drivel. LTHs are left hoping Bob can swing his bat and deliver a home run.
While welcome I don't see investor confidence being restored without meaningful news. Keen to be proven wrong but you have to judge a book by its cover and you don't get rewarded for stock price failure. If I wanted to buy this I would just go hostile but it doesn't seem attractive for some reason.
Everyone has been patiently waiting for a year and no JVs, bids, commitment to going to production. They just don't seem galvinised to overperform and exceed any metric. What KPI's are they judged by except they have skin in the game and are aligned with PIs? It is woeful at best.
Will buy back in at 5p only if there is a marked improvement in comms and deliverables. Scott should be banging his drum on the Telegram channel like other CEOs do. They get a C- so far.
Exactly. When there's a crisis you need to get out in front of it. They could easily convene a BOD meeting and communicate that to the market but so far all we have is silence. Everything is too vague and the market needs clarity or the drift will continue.
Thank you for sharing your feedback yesterday Eloro. I find it mildly relieving we have someone here who has their ear. If we could get some hard dates around the critical path for permits then it may provide some solace.
Its the whole open ended nature of the SR that demonstrates a lack of ownership. They are paid to make decisions and it feels like they are leaving it to the partners/buyers to say what they want. Maybe we are kept in the dark for good reason and yes we have a complex portfolio but at some point they need to say this is what it is...put up or shut up.
Thanks once again.
For tomorrow, Thurs, Fri?
Part of me says top up heavily but I will wait until Friday afternoon COB to see the lie of the land. Anything from SC to arrest this slide would be welcome but I doubt he has anything substantive to say.
All staring into the abyss unsure of what happens next.
All thoughts of early retirement gone unless the rabbit out of the hat is spectacular. Sadly we are all left guessing in this rudderless vacuum.
Hard to see II's voting for SC so PI votes may prove inconsequential.
Praying for a Lazarus moment!
Funny how the world works. Unlisted company I invested in the same day as SOLG has just received a 10x offer valuing the business upto twice the current MC of SOLG. Amazing what good management can achieve. Any hope of that here? If there was a clear plan I might buy more. One can only hope.
If we keep dropping like a stone he'll be gone before the AGM. 23% down in a week is hardly a vote of confidence. The market has no confidence and this will continue to tank until we get clarity on what on earth the SR deliverables are.
This could be a good idea if feasible. One would like to think it has been discussed by management but who knows. For sure it would force ppl to the table if they felt the regional tenements were attractive as part of the package. Would it further detract from our SP or could it be the catalyst?
Good point about Codelco. I do agree that current management interests are aligned with ours. Chucking the baby out with the bathwater seems kneejerk.
Could be a deal is already done and SC is treading water until post election when things move full steam ahead so share price is inconsequential. Maybe wishful thinking on my part as this is 80% of my portfolio.
Having seen the area and spoken to locals all are aware of it and dare I say it excited. I even met one lady who owned land in the adjoining village and she said everyone in the community was onboard. This tailings piece I think is more key than we think.
The revised PFS logical but why need it if you already have a bid? Could that bid be conditional on us doing this study? Who knows. Ultimately still bullish but we all need and deserve answers.
Also that FT leak - zero since on those interested parties...seems we get crumbs. Roll on 15th!
They need to nip the SP decline in the bud. Suggest they appoint a PR & Comms agency to build a 6 and 12 month strategy. Stop SC speaking aimlessly. Give a definitive end date to the SR. Identify quick wins in other tenements. No news is bad news and watching SC present is like Dads Army on repeat and depletes confidence. Clearly Fawzi was doing something right. The mere use of the word SR is weighing us down and they need to stop using this term asap. Of course carry on as normal and single digits beckon. We need transparency and market needs to see we have a plan.
I am supportive of SC for no other reason than the need to appear a stable company in an unstable country. Imagine a supranational decided to bid - I expect an earn out as the Saudis I doubt have a team they could parachute in. Management and SC holds all the relationships.
I am as impatient as the next person for corporate action but I am also pragmatic. We all need and deserve clarity on where this SR process is going. Trotting out the same lines at every conference is painful to watch.
Post election we should see an upswing in SP and positive steps to reduce perceived country risk. I was on a bus through Imbabura last month and it is a safe region to do business. It is a world away from the coast which is notorious. The difficulty may be the pipeline to Esmeraldas which is like the Wild West. So long as the tailings study proves viable then most roadblocks will have been overcome.
Any new President will want this sorted ASAP and stability will drive confidence I hope for a 2024 conclusion.
If you can't write in English then don't bother posting as its nonsensical.
We all understand the risks but PI's in the UK market should be given the opportunity to double down on their belief in the company. Instead a broker making fat fees pulls the rug from underneath our feet and management continue to be rewarded for non performance. Micro caps are accountable to their shareholders. At no point has Roby reached out to communicate with PI's. The guy is hopelessly out of his depth and has the personality of a snail. Let's hope institutions read this and make and funding conditional upon his removal.
This Roby muppet is beyond clueless. He is just a pumped up DJ with zero pharma experience. I have lost a fortune on this stock. The economic mismanagement is huge and there is no accountability or communication with PI's. He should show some humility and offer his immediate resignation to the board and let an interim be appointed. He should also forfeit all his options. This business has a solid pipeline but if he continues as CEO this will not be the last financial emergency. There are indications of financial malpractice here and I for one feel the previous BOD and CEO have a case to answer. This is not the markets fault. This is his naivete and stupidity and he now needs to fall on his sword and ship out of London and back to Tel Aviv.