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The only thing Scott has achieved since he took over is a circa 70% decrease in the share price. Since he wont tell us anything that is going on or tell us what the plan or strategy is going forward, what else do we have to judge him on?
They cannot get away with having an indefinite strategic review going on forever. That is the dumbest corporate strategy I have ever heard of, understandable though as it basically exempts the board and execs from being held to account. On what planet would this be acceptable? If it was Scott's idea he needs to go, this is not what we were sold in relation to the merger and appointment of Scott.
No way to any of the board (in case you were wondering :)). Sorry maybe yes Maria she seems quite competent and nice.
Unless..... one hell of a serious update lands with concrete plans showing a clear path to the ACTUAL realisation of this so called shareholder value myth they continue to say ad infinitum. In other words, the results of the strategic review.
Share price in free fall, Caldwell's response "i'll get back to you mid next year with a new study".
He needs to be stopped from doing any more of these what can only be described as trainwreck interviews, the board needs to step in.
Scott is this companies worst nightmare, and has to go! CEO's of small exploration companies need charisma, Scott has ZERO! When he was asked in the interview what are the short term share price catalysts, he started babbling on about something that might happen in 9 months time, what will the share prices be by then?
Lets get some corporate action going NOW! Split this piece of s**t company in 2 NOW! And get moving on a IPO, something, anything! That may just force someone's hand, we have done enough waiting for someone to emerge!
Shut the hell up about further studies and optimisations and get some action going NOW!
Not only did Scott say that a culture of non-performance been allowed to develop in the corporate head office, but I also recall him saying that there was no need for any further studies as the project had already been studied to death.
So we are now around 12 months into his reign and we are seeing the same culture of non-performance continue, coupled with a total lack of communication to shareholders and he is now saying we need to do FURTHER STUDIES! Is this clown for real?? Everything he has said to this point is total BS, he has back tracked on everything and is feeding us crap. Unfortunately its the same lies from a different boss, I don't care if it upsets that apple cart this guy cannot be trusted to be honest with shareholders and is a complete liar.
There is no way I will vote a single share for Scott Caldwell or any of the SOLG board without something concrete prior to the AGM.
Oh yeah of course everything is going to happen in Q1 next year Scott, of course it is! Have we learnt nothing over the last decade guys? Every year we have been sold the same bs leading into AGM's, then 12 months later we sit here thinking the same thing over and over again, we are literally fulfilling Einstein's definition of insanity.
Don't forget Bob also promised to "embarrass" the big shareholders of Solg by doing a deal with someone else. Who is looking the embarrassment now?
Bob is now casually throwing into his statements that there is a possibility of losing all his money, big turnaround in confidence levels there! All talk and no action Bob and Scott are truly embarrassing!
You cant come in with all the bluster about non-performance at corporate level over a long period of time was i believe how Scott put it, and then deliver the current performance that he has. He is gone come AGM time, if he is held to the standards of his own words.
My understanding is ownership at project level after this deal would be 42% ALL 42% PLL 16% MIIF. Can definitely live with that.
Yep and to add to your point, the ALL insiders sitting at that table have been loading up on the shares, so the discussions haven't deterred them in any way.
Its pretty predictable what is going to happen here leading up to the AGM. Scott will announce no concrete deals prior to December, but will do his best to convince us that if we just vote for them one more time that life changing deal is around the corner!
I wont be voting for any of the current board to continue at the AGM, they have done the exact same thing at the last 6 plus AGM's and guess what, they haven't delivered s**t! How does the old saying going, fool me once shame on you, fool me six times...
Are we to expect a resource upgrade prior to the PEA for Porvenir? SOLG has only reported assays for 22 holes of which the MRE was comprised. They said they have drilled at least 26 holes at cacharposa, and at one stage had 2 drills operating at the nearby Mula Muerta. So does this imply further drilling results and resource upgrade to be reported and included prior to the PEA. Anyone got NPV expectations (guesses), is $1 billion pre-tax out of the question?
I agree othern. NCM share price is dangerously low at present and would have to be somewhat enticing for BHP to have a crack at them. They have quite a few decent copper prospects and heaps of gold of course. It would make a lot of sense imo for BHP to bid.