Member Info for lcwanderer

Look at this evening's RNS

Instead of the wildly inaccurate and negative speculation, a few of the more vocal posters should maybe arrange a call with the company like mistermeister did and hear for themselves just how wrong they are.

The next SP shifting RNS could be very significant - "the Company intends to update the market on the recommendation made by the Alpala Committee regarding the PFS in the near future."

I sent an email at the back end of last week DBW and have had no response.

It's unusual, because on the few occasions I've asked them questions in the past, I've heard back promptly.

Makes me think something is perhaps afoot behind the scenes.

The Crux report is comprised of outdated info and oodles of assumptions with a clearly negative bias.

I have more faith in Franco Nevada's due diligence (and the $100 million advance).

SP Angel comment, courtesy of pob on another board.

SolGold* (
#SOLG
LN) 34.8p, Mkt Cap £718m – Nick Mather steps aside to allow search for new CEO to lead Alpala block-cave financing and development Nick Mather, founder and driver of SolGold has elected to retire and step aside after 13 years at the helm. Mather will remain on the board as a Non-executive director and will continue to support the company’s exploration focus in Ecuador. SolGold’s shares have risen under Nick’s leadership to the current price from a low of 1.25p in 2015. Keith Marshall is stepping into the CEO role till a suitable replacement is found. Marshall has previous form in ‘Block Caving’ in his former roles as MD of Palabora in South Africa and as President of the giant Oyu Tolgoi block caving project in Mongolia. In many respects this makes Keith the ideal man for the job. We suspect the next CEO will also be approved by the major shareholders BHP and Newcrest. Conclusion: We have acted and worked with Nick Mather for many of his 13 years at SolGold and know his ambition was always to delineate one of the world’s larger copper deposits. While Nick is able to retire having succeeded in his ambition we suspect his work within Solgold is far from done and could still lead to the discovery of a further and potentially more valuable copper porphyry for the group in Ecuador. SP Angel act as Financial Advisor to SolGold.

https://www.**********.co.uk/listings/LON/SOLG/

If earthling does come back under a new username I'm sure it won't take long to spot him.

After all the blood, sweat and tears that Nick Mather has poured into building Solgold over the years, why would he give up all his hopes and ambitions and quietly hang around waiting to be replaced in six months unless it was in exchange for something hugely beneficial to the value of his (and our) shareholding.

He wouldn't.

I hope that should be 'stonking' BlackHopper!

For god sake earthling, give it a rest. Just filter Quady and stop stalking him.

Exactly - it was 45% of the 80% who voted, so only 36% of the share register voted against NM.

The 20% who didn't bother voting are probably Private Investors who are more likely to side with him when push comes to shove (as we've seen today)

Congratulations to Nick. He and the small shareholders have avoided the big boys' attempt to get our shares on the cheap. He was always our best chance of getting fair value and he will be more determined than ever to help us achieve it.

You're not alone in your misery Brushless. Having endured several years in this share, I can safely say I wouldn't let this lot run my bath never mind a lucrative concession in Tunisia or Sarawak.

Let's hope it's who you know and not how capable you are, in which case there may still be a glimmer of hope.

...and it's that glimmer, plus the fact that it's hardly worth selling up now, that will keep me here until it's probably all gone.

Merry Christmas

Iceberg is correct.

Look at the diagram within the RNS.

If you look at the 5th August RNS it casts light on the current contact with shareholders...

"To accelerate the development of SolGold's Corporate Governance framework, and increase the Company's strategic shareholder engagement, the Company has appointed CMi2i and Boudicca, two leading London proxy solicitation firms, ahead of SolGold's 2020 AGM. Their mandate comprises capital market intelligence, Investor Relations, Corporate Governance and policy advice, together with strategic shareholder engagement."

Try this one, it is recent...

https://www.sharesmagazine.co.uk/video/burford-capital-bur-christopher-p-bogart-ceo-3

That Latam-mining fundraising article is old - from last June.

Currently almost 7% up on NYSE

Also taken from Solgold site in Questions & Answers regarding the offer under "how long do I have to decide"...


"You have until the Expiry Date of the Offer to tender. The Offer is scheduled to expire at 5:00 p.m. (Toronto time), on October 13, 2020 unless it is extended or withdrawn. In accordance with applicable Law, if the Offeror is required to take up the Cornerstone Shares deposited at the Expiry Time, the Offeror will extend the Offer for an additional period of 10 days following the Expiry Date and may extend the Offer for one or more additional periods."

https://solgoldofferforcornerstone.com/qa.php

According to the offer document, the CGP offer expired at 5 pm Toronto time yesterday - 10 pm here.