George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Markets are only interested in what's going to happen next - ie news on Cascabel and all mgmt have done is kick any news up the street like a soft drinks can - the regionals have been available for interest for 2 or 3 years and nobody has been interested hence no offers - the strategic review is worthless without a conclusion - the market speaks loudly - mgmt at Solg offer nothing
Listening to the company keeps you informed per Quady
$4mn disappeared and we've been informed what on the disappearance
A strategic review with no end date - what does that tell us ?
Companies in the data room - hopefully this will be repeated in the accounts and therefore audited so we can see if this statement is true
previous CEO about more tenements off the taxi rank - only to be found he became an Uber driver
Quady - if the share price collapse follows what you say is clear communication by the CEO - it shows the message was not liked and his strategy is a complete and utter failure - is Carcrash presentation spelt with a capital C as in Caldwell and Blunder with capital B as in Bob - an open strategic review with as good as operating with no strategy if no one knows what the review conclusion is
Eloro - thanks for your update but what exactly has Bob done that was previously a mess ? I think that's what we'd all like to know - can you please ask Bob to elaborate otherwise it's just more "trust us" like all previous Solg mgmt and that's in sort supply - a £ 6mn trust us so far to Maxit if my terrible memory is correct
So we are down 75% since the Cornerstone takeover of Solg - Scott and Sangha have wasted a year on a strategic review that wasn't, no clue as to next steps - Cornerstone played a blunder - maybe sell our chicken farm expertise to KFC
Medi111 - they'll give themselves loads of options at a silly low price as this drifts lower and yes, 20p will make them loads of profit as a result - so basically we have no news flow for 2 more quarters before they kick those deadlines down the road as they've would have achieved nothing new in that time - the incompetence of Cornerstone sold Cascabel to Solg for a song many years ago and the incompetent Cornerstone mgmt in charge now will now sell Cascabel again for a song again
I am surprised the all the various licences will take until the end of 2025 to be received - either the Ecuadorian govt are in no hurry to have a mine built, we are in no hurry to build a mine or is it a case we have to pay for the licences and we just don't have the money to to do so - any ideas guys
Although initially positive a out SC and Sangha, the only thing SC has achieved in the last year is to draw a big salary and award himself options and Sangha- well it appears a big Zero following all his bluster - will vote against SC to is his name comes up reelection to keep the other Directors on their toes
Https://finance.yahoo.com/news/31-stake-solgold-plc-lon-060459737.html