Member Info for mattlilly

Because a low ball bid would be stupid...the first bid will have to be credible...

As to CGP...not a sitting target...a dead duck...nobody actually needs them and they are technically insolvent...

If the bid is high enough they'll throw their 7% in for sure, beceuse they desperately need the cash and they're out for revenge against NM...

I genuinely admire your steadfast beliefs and strength of will Quady and well done for not sliding to the appalling depths of some posters...

This Board should be about convictions, reasoned argument, supported by facts wherever possible, rather than the mudslinging and occasional disgraceful bigotry...

However...don't you ever get tired of pushing your rock up the hill....?

(Sysiphus...as you're a student of knowledge...)

I wonder what influence prospective predators have with the bankers and other financiers that NM/IH may approach...

Oh and BTW SOLG do not have a GFD credible to the markets at the moment, just a Temp...that is also a key factor...

How about them recruiting a heavy hitter CEO and GFD at the same time...that might hold off the wolves for the time being...

Time for the newly installed Nominations Committee to do their stuff...

hi iceberg...you can't count Nick (almost 20%)

"a majority of shareholders have not lost faith in him.!!!!"

Taking out his direct and indirect holdings, 25% FOR and 36% AGAINST...

And where is the evidence that any non partisan institution voted for him...the 25% might be all the you and mes for all we know, especially after the PR Tsunami to get us to vote...

Oh and BTW I forgot to exclude the other Directors, Managers and staff...so make it 24% at most...

OMG Quady...

"a resounding victory"

Let me say again...without his own direct and indirect shareholdings he got only 25% of shares in support...surely you mean a 'Pyrrhic victory'...

you may be a world classs actuary but its clear you have never been a Main Board Director of any significant sized entity...

I admire your steadfast beliefs but if you keep viewing everything through the filter of "its going to production" you may be severely disappointed...

Yesterday's vote for Mather was in no way a vote of confidence and the IEDS and the Chair will know that...

Sorry mate...

The Lassonde curve is a theory to explain apparent market behaviour for mining companies from exploration through production...its not pure fiction, but it remains theory...

I am not in any way saying that is not relevant...Nick calls it the 'value valley'...

However in a recent article Ken Kuchling closes with this...

"The ability to promote oneself and stay relevant in the market plays a key role in defining the shape of a company’s curve."

This is not about the vagaries of the market, this is about how NM has run the company, with his own self interest paramount (hence shares for himself but not for BHP or NCM)....especially a corporate governance fiasco that his worst enemy had to point out...

Meanwhile, when are we going to start the Lassonde curve for Porvenir, Rio, La Hueca, Blanca, etc...cos we aint yet if the theory holds true...and I wonder why that is...? "Shock and Ore" with precious little follow through maybe...?

£827 million...1.839 billion shares at 45p...

MCap right now...?

£760 million...

My case rests...

iceberg...I've had no beef with you before, but do you realise how astonishingly naive this statement is...?

"their legal responsibility is to support him"

It shows you know zero about corporate governance, especially in PLCs...several of us on here do...

Remember I've been CEO of a major Financial Institution, prepared the sixth largest prospective IPO ever in the UK (including ALL due diligence and governance), written the governance manual for several private and public sector entities, starting in 1992 and GFD of a quoted company...

If the independent Directors believe that the shareholders have lost confidence in the CEO or any Director (and remember Nick is a Director, not just an Executive), it is their duty to review the situation...all it would then take is a simple vote of no confidence from the Board...

rcgl...

35p is 23% BELOW what we hit after the first Alpala biggy...more than two years ago...

Since then Nick has destroyed shareholder value...

Sorry scrat...following yesterday there is no way SOLG could partner up with a 'smaller player'...

Addict is speaking from experience and I also know that he is right...

Its easy for PIs with no relevant experience to breathe a sigh of relief that Nick survived...he may have nominally won a vote, but he has lost the confidence of several leading shareholders here (and I don't mean CGP)...

This started with the appalling lack of corporate governance...Nick's pell mell Board appointments and panicked AGM may have kept the flood waters out pro term but they're about to pour in...

Elodie is an expert in ESG with major company experience...she knows what the true situation is...

My prediction Quady...

Sooner rather than later...he's a dead man walking...

No later than once the PFS is completed...

This is when the independent Directors will be talking to BHP, Blackrock, NCM and any other significant institutional investor before deciding what to do...

Agreed jerry

Yes you should richer...you wont have to look far...

Quady mate...the clock is ticking for Mather and a bid...I suspect we will now see the SP March up on bid speculation but no doubt NM supporters will put it down to his heroic stewardship...

Iceberg...if you take out Mathers direct and indirect holdings, more than half the votes were cast against him...apart from the Chair everybody else was massively supported...and one of those is closely linked to the Ecuador government...

Outstanding post optimus

Production is more than five years down the road...

Positive cashflow is more than 6 years down the road...

Dividends are probably 8/10 years down the road...

Look at the graph for almost any mining company from discovery to first pour...

After the financing has been agreed you get the 'value valley' that Nick keeps referring to...

Right now the contribution by the other prospects to filling that pro term is negative...

How has he achieved that piece of prestidigitation....?

Totally agree zoros....and now is the time for the independent Directors to do their duty...

Yes you are...if you take any Mather and DGR, he only got 516 million out of 2.084 million...that's 25%...

And the SP hit 43p after the Porvenir biggy.....it closed today 17% below that...