Member Info for mistermeister

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"

RCGL2 - actually Solg share price in inversely proportional to copper price. We need copper price to go down for Solgold share price to go up!

Sharket - I thought the same. He wanted to focus on "MD as DGR" - in which case he hasn't resigned from Solg as a NED....I read this as still involved - especially as lack of permanent CEO. Is KM becoming a puppet? THis is like the Solg of old to me. When they want to play cards close to their chest they do and market gets no info.... we had alot of this in 2019. When they want something they release lots of news...

Sure - personally I would substitute the word “mad” for convenient. Not having one allows the largest shareholder (direct and indirect) to continue to influence (NM). It would be crazy to accept that a man of his character would shrink into the background this easily.

I emailed PR last week and they said (on 17th June)
“ We are looking to update on Porvenir/regional exploration in the next couple of weeks where timing for the potential Porvenir MMRE will likely be included.”

Red "they've never mentioned him at all..I've been in contact with IH, KM, KS, FH, LH and of course good old Eliza".
It is not in their interests to mention him at all. He had to be seen to stepping right back - especially for NC and BHP. Let's not forget that Solg is in his blood and he is [Through his varous companies] Solg largest shareholder. The lack of a n appointed CEO now for me is telling. The truth is we will never know. I have also been in contact with the company - none of us PIs will be told the complete story.

Red as a major shareholder I would suggest that he is pulling some strings rather than a definite “NOT”.

No urgency to get a ceo unless Nick is still pulling strings in the background....

Addinckt - agree the company PR have said as much to me

In terms of the new shareholders that have come onto our register, these are mainly large long-only institutional investors. We expect to update the Major Shareholders document on our website in the next week. This only includes significant shareholders, see the last document: https://www.solgold.com.au/wp-content/uploads/2021/04/2021.02.01-Key-Security-Information-Update-website.pdf, the new shareholders will not be in the list. The update will reflect the latest shareholdings of the major holders following last week’s placing, some of which have already been RNS’d this week following TR1 notifications. We do not publish our full shareholder register.

The MD&A that we expect to publish at the end of next week will include an update of activities at Tandayama in the last quarter.

Regarding the Franco-Nevada upsize option, this will not be taken up as we stated in the proposed placing announcement: “Subject to the successful completion of the Placing, it is the Company's intention not to exercise the option to upsize the Franco-Nevada facility by a further US$50 million to US$150 million.”