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Addicknt,

I really hope so. But how else do you explain the CEO's pony £5k buy?

HfH,

My guess is that Scott is keeping his power dry for another event. I wonder what that could be? Perhaps he and Bob are keeping some cash ready to buy up the CGP shares they used to own but gave away in the merger for a cheap price which has been enabled by themselves.

157m CGP shares owned by all shareholders about to go back to teh former owners at half the price??

Stinks doesn't it. Well... it stinks if it happens and guess we'll have to wait and see.

Quite frankly, I think insiders should be banned from participating in any purchase of those CGP shares and that they should go (if they need to be sold at all) to a new investor that strengthens the shareholder list... someone like FMG or Barrick would do nicely.

And for the record... I don't think they have enough cash to see out May nevermind June. The June forecast for when cash dried up to zero was made September 2023.

Now... I wonder what newboy Mr Liu is making of all this lol!

NMM nor BHP would allow 17p to succeed. There's no way they would vote that through.

Selling at sub 10p because you think the biz will be sold at 17p is over a 70% upside loss. What plonker would do that??

If the sp was 15p or 16p right now, then selling up ahead of a 17p offer might make sense to a few if they see excellent returns elsewhere.

But with the Israeli's seemingly intent on playing a game of I punch you...you punch me and we're even.... but I think I'll punch you again anyway because we like playing reckless games. Seriously... what is wrong with Israel? Just get on with peace talks with Gaza and stop putting the entire middle east (and globe) at risk you plonkers.

Addicknt,

equally you could say why the xxck would the CFO buy 100k of shares when 2 days later he gets 3m options to buy them at virtually the same price but risk free... ?

It's almost as if he thought... I'll buy some in open market and show that I am confident and have skin in game and that will soften the blow on me getting 3million options at 10.3p which is the lowest price for donkeys years any management staff has ever been awarded.

As for Scott, just exactly what is he on?? One moment he's saying he'd take 23p a share in a major guff. Next moment he's saying he'd love to buy some more stock but can't because in a closed period. And then closed period lifted and he fills his boots with £5k for xxcks sake??

Why bother?? It's as if he thought I'll have to stay true to my word... but I really don't want to buy them. I'll do £5k. Show investors that I'm ultra bullish lol!

Seriously when you take his 23p comment and combine that with the £5k outlay... I'd say he's sending a firm message that he has zero faith in Bob or himself getting this anywhetre close to fair value.

It's an absolute comedy watching these guys flounder about.

"how would they defend the share price..."

Sounds like you're as clueless as them.

There are loads of ways to bolster this share price and 18 months later these wallies have failed to find one key monetisation event. Absolutely zero. Progress on key red tape is all down to Noboa... he's the one driving it as he's the one in control of it. Not SOLG.

Well, TSX volue was over 1m last night so that would suggest someones stuck their hand in their pocket and bought more than a pony 55k which quite frankly was utterly pointless Scott and actually has done more damage than good. You have 30m options you twonk... buying 55k is like a billionaire giving a 1p donation to charity. What are you... forest.... gump.

Addicknt,

I don't think the $4.5m that went down the back of the sofa was legal do you?? But it disappeared and I don't think the nomad said much about it and as far as I know... have any prosecutions followed?

Thank you for at least attempting to answer my post without attacking me.

The company have told shareholders they will need to raise cash. The company have not formally told shareholders how that will be raised but we have had a low key almost amateur unoffical style video or interview saying it will be non dilutive.. eg that's not formal shareholder comms.

So the CFO will have provvy information on what shape that finance is taking... when it's landing and a bucket load of other inside information.

My point is a simple one... they could have announced the finance deal or whatever deal it is to bring in cash. They could have announced a few other bits of news as well. Then... after that by all means, slap each on the back (if it's good news) and then ONLY then issue director share options at the THEN said shareprice.

Not do it sneekily before at 10.3p. It's unprofessional and they'll be fund managers out there that will avoid this stock like the plague due to these kind of tone deaf corporate insider actions.

FTJNY, just like addicknt, you take the easy option out which is the good old 'attack the poster' rather than address the post. It symbolic of someone that simply doesn't have an answer and that's the truth here. You feel the utter silence almost disbelief at the time of the RNS late yesterday. No one had the b@lls to stand up and say what I said. All just ducked down like weak individuals.

So stand up and be strong... answer me this.... how can a CFO buy shares in the open market when SOLG are clearly in the process of arranging finance that coud involve equity in the business regardless of whether it is dilutive or non dilutive. No2... how can a CEO gain 3m options at 10.3p when we have zero evidence of any finance package. Furthermore, issuing them at 10.3p before the finance deal is announced is tantamount to insider dealing assuming the so goes higher.

It's unprofessional and tone deaf when it comes to how a CFO shoud act. Then you have a CEO who when thrown a silly question like would you take 23p.. says... yeah I'd take that. Seriously... quality CEO's know how to answer those questions. Shiit ones don't.

So stop hiding behind the usual attack the poster tripe... grow some. Have an opinion on what has unfolded not who posted it.

This management team and CEO have driven us down to sub 10p due to leaving the finance unknown and now they are arrogantly taking advantage of it and lining their pockets. It's atrocious and sums them up.

"We'll keep the lights on for as long as possible through placing the shares held in treasury (hopefully at better prices)" END

Sharketmare, ... sounds great doesn't it... 'keeping lights on... hopefully at better prices.

It's poor. And your hopes sums it up.

If those CGP shares get placed for less than 17p then Bob and Scott should hang their heads in shame. That's not a sign of strength, it's a sign of weakeness and that doesn't bode well going forwards.

I'm expecting more next feathering at cheap prices RNS's so prepare yourself for some more shareholder revolts as this is unfolding in a very poor way.

3m options to the CFO at 10.3p based on the business at present currently not having enough cash to see out June!!! You couldn't make it up.

These guys are deluded and the market has been telling us all that since they joined/merged which is why the sp has plunged from 25p to 5p under their management.

Addicknt,

I think I link things very well. You on the otehr hand seem to be avoiding the biggest link of all... the share price. That's linked with Scott and what the market thinks of him. Unlike you, the market thinks he's pretty pi55 poor.

And that's why the share price is under 10p today.

Oh... and don't forget the quality CEO comment the other day when asked would he take 23p a share offer... erm... what kind of CEO would answer that one.

I'll tell you. A shiit one.

So you happy with Scott's £5k buy today??

What essage do you think that sends the markets??

He was incentivised before with 6m shares.

Next you'll be saying that Scott should get another 10m or 20m shares too.

So you're clearly a fan or rewarding failure. Sums you up.

The only incentive you are giving is the incentive to constantly keep rewarding poor performances. Same again next year when price is 2p?? How's that sound?

Addicknt,

I've not seen you comment on Stakehouse's 3m at 10.3p. What's your thoughts then? Happy?

dbw... nevermind me... why so quiet from you. surely you can't be happy about this?

you know what i said i while ago.... i was adamant that there was absolutely no way on this planet they could justify more bonus awards after the shambles over the last 18months.

we've been driven into the ground by this ****s. cash balance almost zero... strategic review gone mia... and zero exploration.

come on dbw... surely you can't still be defending these tools?

Now, if you apply the same logic to Scotty boy... well... he'll need to cover his liability on the smaller amount that vests on the first year but as far as I can see he's failed to meet the vesting criteria for bulk of them thus far.

Well... one possible reason for this utter disgrace is that it is to cover his tax expense which don't get me wrong is still well out of order.

His 6m options which range from 19p, 22 and 25p I think amount to 380k, 420k and 500k. Add together and you get a vested value of £1.3m. They vest on April 18th 2024 (3 days time) so he will have a tax liability on those which if you took a modest 35%, you'd get to around £455k but lets face it he's a finance guy so I suspect more likely 20% to 25%. Eitherway... it's a decent lump. So with the 3m options at 10.3p, you get about £300k. So I guess if it's a tax scenario on the 6m stock that vests in 3 days time, then highly likely he'll flog 2m or 3m shares (of the 6m vested) and thus has covered his liability while lowering his average price and all nice and cosy isn't it?

david,

i think you are missing the point here. the reason he's underwater with his 6m options is down to failure and poor performance. gifting him another 3m at 10.3p... and what will you say when the share price is 5p next year?? the same??

bonus options are normally given in the opposite order. they get some at 10p... and then when the sp is 20p... they get some more at 20p and then when the sps is 30p... see how it works???

it's a fecking joke but don't worry... stakehouse now nicely aligned with scott's 'lets be happy with 23p' tosh.

what a bunch of useless ****s they are.

Well of course something is coming.... we've got fecking zero cash pile due to management. So let me get this right... management think it is FAIR to issue bonus shares to staff at a cheap price before they release news on finance or a deal??

It should be the other way around. Issue the bonus shares after delivering shareholders some value. END of.

I said along time ago that they won't be announcing anything meaningful or deal making until they had feathered their nests with bonus awards.... but seriously... I said that with tongue in cheek.. thinking that even these guys wouldn't dare do that.

One thing is sure... they know they are ALL GONE come AGM time so the god news is ... they have to deliver or they are toast as surely even the likes of some rather blind posters on here couldn't vote for xmas like a turkey... twice!!!

BBG,

No... he got 6m bonus shares at between 19p to 25p I think and they were an incentive to do his job and do it well.

This spanks of someone wanting a few more options to make an upcoming deal more rewarding as the last 6m options are not going to be worth much .... mmmm

Then when you throw in the token joke share purchase by Scott of £5k you start thinking... mmm perhaps he's keeping his cash back for another reason... like filling his boots with the CGP shares he once owned but gave away to SOLG shareholders in the mrger deal at 19p+ only to now buy them back off SOLG shareholders at 10p??? That sound possible?? Surely not??

If Bob, Scott or any of that CGP crew touch those CGP shares or trouser them for themselves, then they are seriously sticking the middle finger up to all shareholders.

Lets see what happens but there's ony one reason why Stackhouse has got 10.3p options and that's because management have done zero to support the share price and everything to keep it low as possible.

I warned everyone about these guys. So far I'm being proven right.

I feel an EGM coming on soon.

So can someone tell me why SOLG are issuing Stackhouse with 3m more options please?

And at 10.3p?? What the xxck are they on? This is a total embarrasment. Made all the more embarrassing by the Scott share purchase of £5k? What the xxck is that?

Seriously... this is starting to look as bad as it gets.

Anymore director option awards and this is going to turn ugly. Very ugly. These guys must be on another planet.

I'm speechless.