Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
DBW- agree. It is also in the current BOD hands to release news which could well affect the share price.
Addinckt -"So to my way of thinking, I really don't want a pre-PFS announcement...it would be bad news and I wish they hadn't mentioned it at all." Good point.
This similar message was in the RNS dated 28th January - also clarification to misleading statements. We know what happened after.
"SolGold remains focussed on the development of its flagship Alpala Project and is expected to update the market on the Pre-Feasibility Study ("PFS") and the recommendation by the Alpala Committee in the near future."
Also DBW - note the response by company "if necessary".
The commitment has changed - the RNS in response to open letter " The SolGold Board will receive a briefing from the Project Committee on the PFS later this month and WILL update the market accordingly".
The message to you is much less committed and more vague.
Hope so DBW. I am bullish also, just getting frustrated with the lack of updates - considering this time last year they were practically begging for votes at AGM.
Separate note that Jason's options expire in 3 days time - and Nick's do next month - they have a personal interest in getting share price much higher to exercise them.
Yep DBW, not updating on a host of things - see RNS from 13th October in response to open letter:
" The SolGold Board will receive a briefing from the Project Committee on the PFS later this month and will update the market accordingly".
They clearly have / are aware of the PFS - why not a briefing to the market. This is getting tenuous.
Rgcl2
My guess is thatI think the clues are in the things that have not yet been addressed as corp governance issues. The annual report states what the company expects to have in place by mid 2022. These things would surely answer some of your questions 1&2?
Anon your comment
“
Seperately, it seems to me the big issue within the company is that Nick is still running the show.
I liked him a lot, but my opinion is that when he got voted out, he should have just left.
I think the SP will struggle until we get that CEO, who should work to get Nick out.
I don't want that, as it's still Nick's company to my mind, but the reality is that it will have to happen”
I have been saying this for some time but you have articulated it better. I also like Nick. Nick creates more value for shareholders when he focuses on exploration.if his hands are too much on Alpala as we all suspect then it is inevitable that it will create more of the same in terms of sp performance and strategic direction. Time will tell where this heads.
Lining up to add to the PFS, I presume.
Few options up for expiry in Dec 21 - such as NM, JW (both 5million each) plus others. These are for 60p.
Any decent HR process would have taken more than one candidate to advanced stages. Makes me wonder whether not having a permanent CEO suited the company. Oh look who is on the nominations committee. Yes Nick Mather, Liam Twigger (who also had a few votes against in the AGM) and Kevin O Kane (another one of Mathers hires). Not much diversity on this committee.
Mog re "The Board recognises and acknowledges further technical expertise is desired, particularly in relation to underground block cave mining"
In June 2020 Solgold hired Steven Belohlawek to the position of General Manager-Underground Development and Mining
https://www.lse.co.uk/rns/SOLG/expert-technical-appointments-u9mossft5kw2gbk.html
I believe he has left - Linkedin suggests he is working for LKAB. Looks like he left in March 2021. Didn't stay in the position too long...
CD, agree with your comment. It is plain and obvious that Mather is still pulling the strings here. The delays and tactics the company have are not dissimilar to those of yesteryear.
Despite what the company states in the May RNS "The recent appointment of Mrs Maria Amparo Alban to the Nominations Committee of the Board has brought that Committee into full compliance with the Code."
The company has just confirmed to me that "The Board’s committees are all fully compliant with the UK CG Code but there are a few elements remaining to achieve full compliance including Board independence which should be >50%. When Keith stepped in as interim-CEO our independence declined to 44%, but he will regain his independence when a new CEO is appointed and he steps back as NED"
To me this makes no sense as during May 2021, it was known that KM was an interim CEO.
Red, no I don’t. But CEOs answer to shareholders….so yes he is pulling the strings still.
Red, no I don’t. But CEO need to answer to shareholders….so indirectly they will need to keep NM on board
Red 0753 post
"Ingo is the man pulling the strings IMO...that's why he's on the AG Board." So is NM - he is pulling the strings IMO. Looks at his shareholding direct and indirect....
He even managed to get a severance pay despite resigning AND remaining with the company!
Looks like Mather is still pulling the strings. As I’ve always thought.
CD. Rio has been delayed so to manage the locals. As I understand it they are getting on board with the process. The company has given the timescales in good faith but consider that getting the social and environmental concerns covered will benefit all in the long run. I heard this from PR. You can also contact them.
CD - Keith said that Porvenir "not as stellar as they first thought". I read from this that they have next set of Assays and do not see fit to release - until they can bundle with better data sets
There we go - he is pulling the strings still
Says that Porvenir "not as Stellar as they hoped"