Member Info for mattlilly

I'm not going to...but there are people on here who are convinced that they know how PLC Boards work, having never been on one...

I'll draw stumps now...cheers iceberg...

Reuters is one of the most reliable news sources on the planet...that's where the story broke first...

https://www.reuters.com/article/mining-solgold-ceo/exclusive-ecuador-focused-miner-solgold-has-begun-process-to-replace-ceo-source-idUSL1N2JQ2B6

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

https://www.miningweekly.com/article/nearly-half-of-solgold-shareholders-vote-against-reappointing-ceo-to-board-2020-12-18/rep_id:3650

sniffing glue...

Looks like your blind faith in Mather has been rewarded Quady...not...

"I wonder if it's true we can have an AGM to have NM reinstated."

Do you really believe that, or are you sniffing clue...

We could be moving to and endgame fairly soon...the new Directors have taken control...this is no longer Mather's private fiefdom...

Given that I was rubbished by some at the time, here is the version of my post of 18 December from ADVFN...

"Those of you who have broken down the numbers are clearly missing the point...

There's no way of knowing that BHP, NCM and CGP voted agains Mather (elthough you can be certain that CGP did....)

And no, Mather DIDN'T get 45% of the vote. He got 45% of the votes cast IN HIS BALLOT...

Here is the analysis I've just sent to the company:

And I hope Nick now gets the message.

HE IS THE PROBLEM:

He should do the honourable thing and step aside. He's compromised anyhow, because almost half the votes in favour were cast by his own direct and indirect holdings.

If you take out his votes only 500 million voted for him.

All the small shareholders I have seen comment voted for him, so he clearly does not have the support of the institutional holders.

Its not just that 750 million votes were against him, if you compare his vote to the new Directors, 750 million COULDN'T BRING THEMSELVES TO VOTE FOR HIM...

He got 930 million; Elodie for example got 1679 million...

Furthermore its also clear that they couldn't get support for the Resolutions they had to pull...

This was simply a shocking result and if he thinks he's got a new mandate because he's clung on, SOLG is going nowhere except to a takeover bid."

Agreed!

205276 at 33.8p...excellent!

Bought another 92,576 at an average of 33.4p...

Onwards and upwards...

Precisely how many people are in the 70p today camp...?

I'm not...nowhere near...

But how long do WE have...?

Day of the AGM...SP 36.1p...SP now 33.7p...says it all really...maybe its Quady depressing the price with his insistence that we're going to production...now in 2026 BTW...

https://www.solgold.com.au/wp-content/uploads/2020/12/SolGold_Corporate_Investor_DEC14-1.pdf

'Desperate..." I'm loving it...you don't get irony do you...(nor winks at the end of posts...sorry no emojis...)

Brilliant novice...keep them coming mate!

I don't do conspiracy theories...except JPM and silver...which reminds me, HOC massively undervalued IMO...

I'm down 6% or £6,000 but I'm cool fir the long term...

Silver and this share are massively undervalued...value will out...

You make several good points digger...

At 30 September they had $196m cash and $21m net debt, so they'll have net cash surplus now...

My estimates for gross revenues for Q4 9based on 100,000 equivalent ounces, in keeping with the reaffirmed forecast, are:

Gold (57,283 ounces at say $1900) = $109m less AISC $1270 = $73m Gross Profit $36m

Silver (4.237m ounces at say $25) = $106m less AISC $14.75 = $62m Gross Profit $44m

Total Gross Revenues $215m; EBITDA $92m; Free cashflow $75m; Net cash balance $54m

AIMO and open to correction...back of a fag packet...

33 ticks so far for posts at 10.23, 11.00 and 12.00...

1 tick in total for your three rejoinders...

I think you've been impeached mate... ;-)

Sorry..try again...in your OPINION bringing Alpala to production...in my opinion, a takeover battle would maximise shareholder value...partly because time is a factor...I would rather have £2 now than £1 in 2027...

And for anyone who thinks CEOs don't think about shareholder value all the time...

Why did Mather say it would have to be a blockbuster bid to sell the company...

Why did he post on the official company Twitter feed the article about Solgold being 'the hottest takeover story in the City..."

Why does he keep saying the SOLG SP is massively undervaluing what we've got and...

Why did he buy 1,116,279 shares at a cost of £240,000 when the already had almost 90 million...?

The whole point of CEOs of PLCs is to maximise shareholder value...they ALL are required to have 'skin in the game' (i.e. shares).

You maximise shareholder value by maximising the share price...dividends are a byproduct of profitable growth...satsifactory dividend progress is required for long term share price progression...look what happens when a dividend is cancelled or cut...look what happens if a PLC gives a profit warning...look what happens to the SOLG SP when Porvenir resources are announced, look what happens to the SOLG SP when the PFS is delayed...indefinitely...

33.8p currently...43.2p on 6th October...then the PFS delay...

That's your interpretation but this is what he actually said:

"CEO's of companies don't spend every day thinking how can we get the share price up"