The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Things to happen before project level company shares are finalised (i.e Barari DV): Piedmont fully pay their share of capital costs, MIIF (Ghana) buy in, Ghana takes their free carry.
Once above is completed, project ownership will be as follows:
Atlantic Lithium 40.5%
Piedmont Lithium 40.5%
Ghana (incl' MIIF) 19%
In addition to the offtake that is
They also mentioned a potential "strategic investment" by the offtaker.
Btw if Caldwell announces the PFS as a stand alone piece of news with no forward plans or financing attached, the share price will plummet further. The trouble is I'm not sure that he is smart enough to figure that out, so expect him to announce it stand alone. It will likely include some wonderful projections and cost savings, but no clear path forward. SOLG has less than zero credibility left with the market, so only hard evidence and "cash in the bank" will be believed, anything else is just words into the ether Scott.
Time to split the company up Scott (actually that time was long ago, but better late than never I guess...). You have wasted enough time waiting around for potential bidders, who have had more than enough time to make their bids. Obviously the bids are not coming, so lets start moving onto plan B. Desperate times...
It's all staring to make sense now as to why Caldwell was able to gain 98% of the votes cast at the AGM. The big shareholders are more than happy with what he has done to the share price, why else would they possible vote for him?
If Scott survives the AGM what will he deliver first in the new year, a capital raise or his new highly touted PFS? I'll say one thing with a high degree of confidence, there is zero chance of him producing a PFS in Q1 CY 2024.
Sure can explain Eish in one word, Scott.
Shipright is correct to fear more RNS's.
Imagine if Scott did another preso right now talking about his new studies coming up mid next year, we'd drop to 1p.
I voted against Scott for a number of reasons, but I would have to say the main one was his poor communication and that he says one thing and then does the opposite. Particularly his comments when he took over as CEO and puffed his chest out and told us there was no need for any further studies on Alpala, it had been studied to death and everyone knows what the asset contains inside out. Then within 6 months he announced his big new catalyst for the company going forward was his new phased approach study on Alpala! The share price subsequently crashed 50% as the market realised he was a liar and taking everyone for ride.
I know plenty on here don't agree and that's fine. But how they can spend over 12 months and USD $70 million and still be unable to articulate a coherent strategy to shareholders is beyond incompetent imo. They need to seriously get moving!
Apologies but I haven't had time to put together a fully costed proposal that will meet your approval, but I hope you can find it in your heart to allow me to respond on this public forum anyway.
How about we split this thing up, or as i said at least threaten to. Leave ENSA in Solgold and spin out the exploration assets. It may well just force the hand of an interested party, and if no one bids well they probably weren't going to anyway. At least get a faster answer to that question, continue on with some exploration and how much worse off could we really be.
Btw the way before you say that will take a long time to do, this should have been the plan 6 to 9 months ago before we got to this point!
Scotts a pathetic leader, all talk no action. His corporate speak about resets and focusing the company on creating shareholder value is just that, talk! Shareholder value has been utterly destroyed under his watch. We need someone who will show some desperation, someone with a bit of gumption who is prepared to scratch and claw their way to a result. End the strategic review and start some corporate action in play (or at least threaten to), show we have other options than just sitting around waiting for a bid.
Scotts not really living in Ecuador btw. He lives in Canada and just flies down every now and then for a holiday. He's filling in time until his retirement, totally the wrong man for this job!
Btw voting Scott out doesn't mean BHP just assume control of the company, that's obviously not how it works.
Just got to remember the local community leaders and area MPs were telling the government to hurry up and approve it, they want the project big time. Normal reasonable people and the locals, can see the huge benefits this will bring them and the country. The people who wrote the article wouldn't fit into either of those categories.
Anon what the hell are you on about mate! The company is in the best position it has ever been in, Scotty said so. Just imagine where the share price would be if the company was in the worst position it had ever been in?