Member Info for Montecristo

Was there anything in that, that we did not already know?
Apart from the delays. Well I guess we could have guessed that really.
I don't think this company could pick its nose on time.
Strategic review if done honestly should conclude that for everyone's sake we should sell the whole company before we run it into the ground.

Bozi
Whether the snippets gets us excited or not, the point is, he is actually telling it as he sees it.
And that gives us an insight into what is happening.
Unlike the board of solg which thinks nothing of keeping us in the dark. That is until they produce a grovelling pleading letter the small shareholders just before AGM's when they are desperate, and then after that treating us like fools again.
You may enjoy being kept in the dark but I appreciate Sanga giving informative press interviews.

I think Bob Shanga has given us more insight into what is happening within solg than any other board member including Nick Mather has given us in years.
I used to dislike cornerstone as a solg shareholder, but over the years have come to believe, that they have been the smarter guys and were right all along about solgs shortcomings.

Can someone please tell me if there is a timescale for the strategic review, and if so, when are the results likely to be known? thank you in advance.

And what if we do look to JV and the potential suitor says,no we would rather buy it than leave you with 10%. Are we going to say no thank you?
Believing everything the company tells you is like Believing an advert from a company on TV. They are only going to tell you want they want you to know.

I would not be so sure.
Mather talked about production and not wanting to JV.
Bob just rubbished that and talks about a partner, does that mean a JV or someone who's going to buy it?
And thats without the results of the strategic review.

Adding all the dots together, it's clear the game BHP have been playing.
Remember the open letter Twiggy penned last year, basically telling BHP to stop interfering in solg business and either pay up or shut up.
We now have the very unusual situation of them commenting on our latest deal after making lots of noise about the Franco one.
Obvious now that this is a company that wants our assets but clearly is playing dirty and does not what to pay for them.
Good job we have Bod and Warren on board. I think we should openly market the asset to other majors.

There was always an assumption on this board that the BOD knew what they were doing.
The cornerstone boys always had the opposite view, even of Mather I'm afraid.

That was an easy 20% for anyone who topped up in the past few weeks

Nice start to the week. This is motoring already.

Can the majors sit back and watch royalty deals being given out left right and centre and see a piece of the pie gone forever each time?
The Fact Henry commented on the deal, as Warren pointed out says it all. Just a bit more patience needed.

The very fact that they are having a strategic review would indicate that the present strategy is not working .
Hopefully the pay day is coming

Sell it and the risk is gone. Sometimes the simple solutions are the best ones.

That very fact alone, adds huge value to the sale strategy imo.
One that is often over looked.

You make a good point Richbetter.
It's not a great thought but one that has troubled me from time to time.
We need to always remember between the sale or no sale argument that this is still a very risky investment.

To be fair, I don't think most people say imminent sale. They say things like within the next 12 months or by Xmas.
Anyway its not worth arguing about. Either we sell it or it goes to production. Ultimately,if its sold, the people who said it would be sold are right. If it goes to production again those who said production, would be right. Obviously no one knows exactly when. But only on sale or production can someone or side claim to be right. Imo.

This thing about all the people saying the company will be sold are wrong while all the people saying production are right, is absolute folly.
You can say for 2 years; every day that the company is going to production and claim to be right yet if it is indeed sold after 2 years (for example ) you immediately become wrong and everyone else is right.
You can only claim to be right in many years time; if when the mine is producing , Solgolds name is still over the door. In other words you are always going to be right up until the very day you are wrong. Obviously no one knows exactly when that day will be.

The trouble is Bozi,
Like a lot of things in life, on paper and in theory it sounds great. The reality is the company have shown themselves to be completely incapable of taking this forward; how many ticking off's have they had over the years for low quality corporate governance?
How many board changes over the years?
How many delays and falling outs?
You can have the best company or asset in the world; but if you can't manage it properly what do you have?
When they say we will look for the best value for shareholders, I believe they are saying this is too big for us.

When can we realistically expect to hear the results from the strategic review?

How about we try this, this weekend. Let's show everyone how grown up we are and not start a needless argument?
It will be a first but lets give it a go.