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Iceberg ,
I think there are still a large number of Private Investors .It might be that like me and many others on this board they are happy with the number of shares they have , no intention of selling until it reaches fair value , hence the lack of trade in the market on a daily basis .
Hi I thought I would introduce myself ...Follow this board on a daily basis and looking forward to seeing how the story progresses .Bought initially on the day the share exploded at £1.55 then again at £ 1.78 and then £2.10 and £2.50 and finally at .90 on the way down which brought my average down to £1.70 .Although still down I have never thought about bailing out and looking forward to the share doing as i think it will .Thanks to all the posters that keep us informed .
I must be only person who has not had a letter or a phone call .
My vote as stated earlier is cast in favour of Nick Mather and the gang .
Come on Solgers that's repel those that think they can get our assets for next to nothing .
On a serious note though if its very close regards to whether Nick stays aboard only needing a 50% vote then surely there's no chance of the resolutions that need 75 % being passed .
I have just voted and have voted in favour of the board on all resolutions .My thoughts are that in general Nick has always been on the side of the private shareholder and although we all know his faults in that he does sometimes overpromise and underdeliver i.e PFS .He has overall done a good job . I am willing to give him my full support .
Bozi , well I called that wrong , not sure why you considered reporting me .. all I did was report what was been said on Twitter by WI . I am with you on this as think cornerstone supporters are living in cuckoo land and has said by others seem to be regurgitating the same message . I have been in solgold since 2014 and have bought in at various prices from 1.5 p to 32 p .. like all others waiting for the end game and trust nick to deliver
WI
Brooke does a great job telling the Cornerstone story and outlining the abuses of Nick Mather of SolGold
High
I watched this last night. Brooke comes across as very diplomatic and professional. Still refers to Solgold as partners. He will do well working with BHP. Also does a good job highlighting the value
WI
He was diplomatic despite the poor treatment of Cornerstone by Nick Mather.
High
Yes, don’t see how anyone can see it differently besides a few of these oddball ???? investors. Queue carp fishing guy
Replies to WI
Brazfox
You cant speak for BHP or for Blackrock .You can of course speak for CGP. By the way why the delay in the EGM
WI
BHP is free to vote on their own then
NOR
But surely you are not happy with them now
wrt news
Are you now the spokesman for BHP Newcrest and Blackrock
WI
Nope , just one of the largest shareholders of Cornerstone , a company also not happy with NM
The Trader
3.5 m is all CGP will get
Today's lesson, "How not to keep your job as CEO of a mining company." @SolGold_plc **** off your 4 largest non-insider shareholders. BHP, Newcrest, Cornerstone and I am assuming BlackRock as they are big BHP and Newcrest Shareholders.
Does this mean BHP cannot vote against the board
BHP Billiton Holdings Limited (BHP) to subscribe for 100 million shares at 45p to raise £45m (USD $59.2 million).
Ø BHP to have anti-dilution rights for a period of two years in respect of all capital issues to maintain a 10% interest in SolGold provided BHP does not drop below a 10% shareholding level in SolGold.
Ø BHP to have a right to appoint a Director to the SolGold Board provided BHP does not drop below a 10% shareholding level in SolGold.
Ø BHP will, for a period of two years, support the recommendations of the Board of Directors in respect of SolGold Board composition.
Ø BHP will, for a period of two years, support the recommendations of the SolGold Board in respect of any shareholder approvals required in connection with any change of control transaction involving the Cascabel Project or SolGold, provided it is supported by an Independent Expert appointed by the SolGold Board and 60% of SolGold shareholders (disregarding BHP's shares) accept or approve the transaction.
Ø BHP agrees to a standstill in respect of SolGold under certain circumstances for a period of two years and, subject to certain exceptions, cannot acquire further shares in SolGold above a threshold of 246,634,271 shares, without SolGold consent.
Ø BHP agrees, for a period of two years (subject to certain exemptions), not to discuss any change of control transaction of SolGold with third parties without SolGold consent.
Ø BHP agrees, for a period of two years, to provide SolGold, in certain circumstances with a right of first offer in the event that BHP wishes to dispose of its acquired shares.