Member Info for Dreamboatwarrior

Yep and Tandayama

Today 19:18
“Redknight your last post, says we are looking at financing options to go to production, that is also my view, and has been my view for some time”
Production???? Yet you’ve never mentioned this Q ???

Rich I agree the strike price isn’t great but it’s 70% above where we are now .... just don’t like the misinformation being spread by certain people..... or “them” as Shippy prefers

“ Your company cannot terminate vested options, unless the plan allows it to cancel all outstanding options (both unvested and vested) upon a change in control. In this situation, your company may repurchase the vested options”

Not true at all ....

That’s the reason BHP haven’t bid Smickster
They know a low bid would/ could start a stampede
They want it all for nothing and that’s why they needed NM out of the way .... he wouldn’t have stepped down without knowing his own holding was safe IMO

Options

Rich, don’t think you’ll have to wait that long

The reason we won’t take this to production is that we have major shareholders that neither want us to or trust our ability to do so. Having said that hopefully Nick has ably demonstrated that they cannot have this for peanuts.
Bids will come in time and the first bid will simply be the starter’s pistol

Hi Rich
I’m certainly not in the “no news for a month” camp. Plenty to come with all the drills turning . Anything from Blanca would be a bonus.
Sure Nick won’t want to disappear into the background without making a splash. Personally very pleased he’s sticking around to protect his own holding and likewise all of ours. Just hope the permanent replacement isn’t some BHP stooge . Election fears seem to have largely subsided.
Keep the faith

Bubble
They do seem to have a chunk of dough to call on if needed

Hi BBG
No panic here, just want to see all shareholders given the opportunity to achieve decent value , not just one or two

Add that’s assuming we see a decent price . Worst case we get swallowed up without any bid ever being tabled . I don’t think this will happen but I believe this is what Nick was fighting against.

From what we have heard ( Warren Irwin etc) the writing was on the wall for Nick long before Valuestone. It was just proof that BHP are not our only option if we want to raise. I agree re needing good news and I believe we will have some. Whilst it is nice to have institutional investors on the books it cannot be right to have shareholders who benefit from a depressed share price.
I’m fairly sure CGP will have to change their stance now their main objective ( removing Nick) has been achieved..... can’t see them wanting cheap dilution any more than we do

Hi Rich
Yep but I sincerely hope not. As I said yesterday NM (love him or loathe him) has ably demonstrated recently that we do not need BHP and the likes to raise funds, I’m fairly sure there will be plenty of other interested parties as well. If BHP get a cheap placing away it’ll stink and probe rapidly followed by one of their stooges in the hot seat. This is pretty much what we were all voting to avoid back in December..... here’s hoping

There are many arguments on here but generally only one common denominator..... Zzzzzzz

Ok thanks
I was just wondering if his stepping down was a bargaining chip .... probably a little far fetched.
I would also imagine we must be more on the same page with CGP now he’s gone. They won’t want cheap dilution any more than we do

Nature not banters ..... feckin iPhone

I’m not from a corporate background so excuse the simplistic banters of this question.
Is it at all possible that an arrangement was reached between NM and some of Solgold’s major shareholders. It was obvious they no longer wanted him at the helm but he had clearly demonstrated twice ( Franco & Valuestone ) that there were other forms and sources of finance available which valued the company more generously. Could a discussion have taken place along the lines of “we’ll pass up the extra 50m from Franco but you must pay a decent price in future as we have alternatives “?

ToS agreed and they must learn to deliver on promises/ timelines if they ever want to gain credibility..... either say something and do it or just don’t say it in the first place ..... a conversation I often have with my wife as well :)