Member Info for mattlilly

23.52p on TMX...

Dickson Hall who bought the shares for Valuestone is based in Canada...

The post was 'Production in 2026" hit the Recommend button on the original post...or "Bid in 2021"...

Copper just hit $4.0658...

9.9 MT Cu at $4.06 = $89 BILLION

21.7Moz at $1787 = $39 BILLION

92Moz at $27.5 = $3 BILLION

Total GROSS Value of metal in the ground...SO FAR...$131 BILLION..

Solgold MCap...$670 MILLION...

You couldn't make it up...

Seriously...how long before a bid...?

BTW...O/T...just bought 30k ADT1...the CEO of a major mining company owns 'millions'...Sandfire the most likely bidder...owns 16%...

Matt Geigers Broker note says:

"Ultimately, I believe we’ll see the company acquired at an attractive premium in the coming months before Paul Cronin and his team are in a position to secure construction financing for Vares."

Sounds like what a goring number of people think about SOLG...?

Remember this...?

https://www.mining-journal.com/m-amp-a/opinion/1399422/takeover-battle-for-solgold-is-‘about-to-begin’

Thats 18 votes for a bid and none for production...not even Quady...

Conversion on the road to Damascus...

I saw him play for Bradford Park Avenue...one of the best centre forwards ever...

Oh I get it now...its an algorithm...no racests and no Scanthorpe United...

Why was 'conspi******s' blanked...OK so conspirators...

Copper banging on $4...yeeha....

Copper naging on $4...yeeha....

13-0 including my vote...keep them coming...

Not too late to vote...

But do remember that we are 'conspi******s'....

Or 'the takeover mob'...

Etc.

Only three votes cast so far...all for Bid in 2021...but that doesn't include mine because I can't 'Recommend' my own post...

So make that four so far...

The value of a firm bid is factual and certain...

The NPV is hypothesis, based on future financial and economic assumptions...

I thought you were an actuary...? Risk and reward...?

The primary purpose of a company is to 'maximise shareholder value'...

Would you prefer to wait for production in 2026?

Would you prefer a bid at an acceptable level in 2021?

Richr made an excellent suggestion...

The following two posts ask the question:

"Do you want a bid at an acceptable level in 2021 or do you want to wait for production in 2026...?"

Vote by "Recommending" your choice of post...

Thanks

I think addickt summed it up perfectly, but please apply the following advice from you to yourself...

"we always knew that NM was stepping down at sometime to bring in a block cave specialist."

"You state this as a fact.
May I remind you that a fact is an observation that is directly or indirectly observed, please post the fact or facts, that lead you to that conclusion please.
We all have confirmation bias, but as investors, we have to keep that in check...."

Quady...this is how the mining journals reported the AGM...do you really think the Board could ignore BHP and NCMs 'anger'

Remember...the special resolutions had to be withdrawn and all the major shareholders except Blackrock voted against him...ONLY him...

This is how the AGM was reported:

"displeasure was voiced at SolGold’s annual general meeting on Dec. 17, when 44.75% of the company’s shareholders voted against Mather’s reappointment to the board of directors....As for the AGM, “it was really just Nick the vote was against,” the analyst said..."

https://www.northernminer.com/news/solgolds-nick-mather-faces-shareholder-anger-at-agm/1003826372/

"Big AGM protest vote against SolGold CEO....SolGold CEO Nick Mather has held on to his board position, despite a protest vote at the company’s annual general meeting...."

https://www.mining-journal.com/capital-markets/news/1401625/big-agm-protest-vote-against-solgold-ceo

"Gold and copper miner Solgold Plc’s chief executive Nick Mather was handed a strong rebuke on Thursday, with nearly half of votes cast against his reappointment to the miner’s board at its annual shareholder meeting...."

https://www.mining.com/web/nearly-half-of-solgold-shareholders-vote-against-reappointing-ceo-to-board/

"To give the measure of the man, even the people invested in his company can hardly stand his presence...."

https://iknnews.com/solgold-solg-l-solg-to-nick-mather-in-context/

"Copper Miner SolGold Faces Rebellion From Top Shareholders..."

https://www.bloomberg.com/news/articles/2020-12-16/copper-miner-solgold-faces-rebellion-from-top-shareholders

"In a blow for #Solgold (LON: $SOLG) CEO Nick Mather, 44.7% of shareholders have voted against his reappointment to the board of directors during the miner's AGM on Thursday..."

https://twitter.com/miningcomau/status/1339707017628401665

"Now that Solgold’s AGM has confirmed that – as suspected – major shareholder BHP has joined with Newcrest and long-standing critic Cornerstone Resources to vote their combined 36.2% against the re-election to the Board of CEO Nick Mather, the question is why?

Mather, of course, even if ousted as a director could have stayed on as CEO, given that he founded Solgold, it would be no surprise if in such an event Mather left in a huff and hawked his own key shareholding around those who are bound to scramble to get it...."

https://masterinvestor.co.uk/equities/johns-mining-journal-solgold-and-hummingbird/

"we always knew that NM was stepping down at sometime to bring in a block cave specialist."

Quady..."could you please paste in any cooperate statement, that even gives any indication, that that is the case."

Where does it say in the RNS "block caving specialist..."

In fact it says the job is EXACTLY as before...

"The succession plan is designed to build SolGold, and there will be no abandonment of the exploration, discovery and marketing processes we have developed over the projects in Ecuador and no change to the open and value adding independent financing strategies for future developments."

NO ABANDONMENT...NO CHANGE...

"Mr Mather will step down...for personal reasons, he will retire from the role of Chief Executive Officer..."

If this wasn't a demotion don't you think he would become Chair of the Alpala Committee...at the very least...