Member Info for mattlilly

To all you guys speculating on the CEO...

While there is no apparent reason why it is taking longer than "2/6 weeks", the information I reported several weeks ago included "several top candidates" and one that "we hope to complete the paperwork in the next 2/6 weeks".

That was in the same conversation where I was told there were half a dozen 'household names' in talks about J/Vs on the smaller projects.

So my own view is...yes the CEO announcement must come before the PFS and I still regard it as significant that Fawzi hasn't replied to my email from a few days ago, asking when we might expect an announcement, because he normally replies to me by return.

I think the radio silence is connected too...

And when people talk about 8/9/10 months to find a CEO, we can be sure that NM was reluctant to step down.

Also the Board has had a complete 'worker' since his 'retirement' and Keith has led a root and branch review not only of Alpala but also the whole portfolio, with the key strategy as being how to 'monetise the assets'...

So I am not fazed by the delay on the CEO. I was acting CEO of a major organisation for 9 months while they found the long term replacement.

At the critical stage this is and with SOLG's stated determination to "take Alpala to production" (one way or another), taken together with the investment in snuggling up again to our major investors, it is also critically important to appoint the right person.

Working with a new Government, dealing in a rapidly emerging potentially massive mining industry in what is effectively an emerging economy, while at the same time juggling an Australian base and a dominant London listing, engaging with the City, North American investors, BHP, Newcrest, Blackrock, Cornerstone and Valuestone, et al...

This has to be a very carefully handled appointment of a very special person as CEO.

Hope this helps...

Or this...

https://www.investegate.co.uk/solgold-plc/rns/solgold-raises--45m-at-45p-per-share-from-bhp/201810160700101229E/

Or this....

https://www.investorschronicle.co.uk/tips-ideas/2018/09/05/bhp-returns-to-solgold/

"One person whose view on copper is decidedly more bullish is BHP chief executive Andrew Mackenzie, who used the SolGold transaction to describe the metal as “a key exploration focus…as we seek to replenish our resource base and grow this important business".

For BHP, the deal may be opportunistic and a drop in its cash ocean. But it also signals a broader intent, and leaves the ball in Newcrest’s court. For SolGold, we can only see further validation of the Cascabel project, which we think will be snapped up eventually."

The Board of Directors of SolGold (AIM: SOLG) wishes to inform shareholders that SolGold received an investment and earn-in proposal from BHP Billiton (BHP) on 8 October 2016 (BHP Proposal) which includes the following details:



? An offer by BHP to acquire a 10% interest in SolGold for US$30 million which implies a share issue price for SolGold of approximately US$0.22;

? A right for BHP to appoint a Director to the Board of SolGold;

? An offer by BHP to earn-in to the Cascabel Project, by spending US$275 million to acquire 70% of ENSA out of SolGold's 85% interest in Exploraciones Novomining S.A (ENSA) which company currently holds the Cascabel project tenements.

We're heading for the worst weekly volume in 3 years...

10.30 and only £50k of shares traded...

I take that as good news...nobody's selling much...everybody's waiting as we approach the Annual Report, MD&A and PFS...

Looks like were still correlated to the gold price after all...failed to convincingly break 29.4...

Hi Colonel

The phrase that was used to me was 'monetise the assets...'

Tha stats don't lie...very few people are selling...the SP is stagnant waiting for the inevitable news flow...people are holding fire waiting for a reason to buy back in...just watch FOMO happen when we get good news...

CD I agree with everything you said, including the share we are not allowed to mention without getting hammered...

I suggested that people might want to take profits on the higher 30s and switch into SOLG and got blasted...

Meanwhile, woodyb, let me repeat...there are half a dozen 'household names' looking at the smaller projects right now...

And don't forget this tease...

"The Company wholly owns four other subsidiaries active throughout the country that are now focussed on thirteen high priority gold and copper resource targets, several of which the Company believes have the potential, subject to resource definition and feasibility, to be developed in close succession or even on a more accelerated basis compared to Alpala."

"or even on a more accelerated basis compared to Alpala.".....Porvenir, funded by Chinese...?

I've already asked about the CEO zoros...

No reply...which suggests its imminent...

God knows what is happening with LSE...

Anyhow, this is what I posted on ADVFN first thing...

"At face value it seems puzzling to release this info when it will have to be included in the MD&A and Annual Report in just over a week.

It would not surprise me if the Government has said "what are you going to do about your large portfolio of concessions and when are we going to see material progress...?"

And I think the SP will be marked down on the news, but....it is a sensible move by Keith to have reviewed the entire portfolio...

Old adage...clear the decks on disappointing news to make way for good news.

We already know they are talking to half a dozen household names about the small projects...

And...there is a backlog of what I suspect is very good news on drilling...

But first...a CEO please..."

And only 10 posts on ADVFN in the last four days...

3rd lowest volume in the last 18 months...

In fact the volumes have been pathetic for almost a month....

So few selling but so few buying...both parties waiting for something to happen...?

I still think we should IPO Green Rock Resources....

I've also emailed Fawzi...he's usually very good at replying...

Oh and if that last post is from Quady, please tell him he's still filtered...and remind him that weeks ago he promised to stop posting...

While we wait for something...anything...he frankly adds nothing to the Board except to start arguments (despite being one of several posters who received a warning to stop arguing...)

I'll stop there and go back to sleep...wake me when there is something worthwhile announced or the SP goes through 31p to confirm the old 29.4p resistance as the new support...

You might be right durham fox but they won't be paying a penny in dividends before 2030 at the earliest...

FTJNY...you're absolutely right...

He would argue black is white...

He obfuscates and he won't back down even when it is glaringly obvious he is wrong g.

Thats why I've got hm filtered...I don't have to waste time refuting the rubbish he posts or providing factual data...

I'm seriously concerned that he is losing the plot as well as being dyslexic if you understand my meaning.

A very good friend advised me not to argue with people in that state of mind, because they won't ever back down and will instead attack you with insults.

So Quady remains filtered...back to sleep...zzz

PS best regards to all the sensible people on here.

POLY, FRES, AUY, GPM all benefiting...

It went from 1813 to 1830 in just three minutes, briefly through a 3 month resistance level...

Settled back a bit now but the report was a horrorshow...