Member Info for mistermeister

It doesn't add up - perhaps they wish to reduce the PIs of the shareholder register in favour of IIs? Collectively we have the swing votes...

First time I have seen NM on shareholder register like this. With 12%. Is this a flex of muscles to BHP et al? usually positioned as DGR / Tenstar etc.

CGP are 12.5% partners on Sunstone. Perhaps the reason why Sangha was buying and nothing to do with Solg.
Hopefully Solg’s assays can trump these. If nothing special we need to entice Malcolm Norris back.

Which is a good reason why Solgold need to get their finger out pronto.
the long touted “first mover advantage” is wearing thin. Others are catching up……and fast.

https://www.arultd.com/corporate/board.html

And he left Orica on 1st April 2021
https://www.orica.com/news-media/2021/executive-committee-appointments#.YZN7MmDP2Uk

SO what has been the holdup in getting him on board?
Taking an MD and CEO role in Solgold would be a big enough commitment yet he has taken another non exec.
Seems strange to me.

Red - in general I have found the MD&A to lack any "new" material updates. IMO they tend to be more for compliance rather than news - although still worth a read.

Anyone know what the procedure would be if LT does not get voted back in? This is a very likely probability as he is seen to be driving CG decisions which the major shareholders do not like.
Assume the board will have an "independent" step into the role?

RK- you rubbished me many months ago by stating that NM runs the show. Now appears that the penny has dropped.
He may not directly run it but pulls the strings for sure.
Does the lack of CEO process seem like the lack of translation from Cornerstone bid. Whilst the company pays lip service to CG etc. Nothing has moved on.

We could find ourselves in a position if the current directors fail to get re-elected then NM could once again become CEO. He would have a year at least….

Nick is still pulling the strings and BHP don't like it. As Red states the only two likely to not get re-elected are NM and BM...

Sure as hell is evidence that Solgold and BHP are not as friendly as portrayed earlier in the year. Also clear that no “background deals” are being done with BHP.

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.