We spoke to gas explorer and developer Sound Energy. Here are the latest updates from Executive Chairman Graham Lyon. Watch the full video here.
Makes you want to scream from the rafters what the eff is going on here???
All analysts gone quiet??
What’s the progress with NM’s replacement??
What’s happening to the ALPALA committee??
Why no updates??
I could go on and on but what’s the point??
Very tempted to trade all my holding in to OMI but my gut tells me not yet.
I know I’m moaning but like many of us I think we have the right to have a good moan but no way am I chucking the towel in.
As Zoros list shows lots to come here.
Bozi- I agree with Z about BOD composition.
And I Like to think of my years investing here I know a spade when I see one.
Also your comments about NM are in my view inaccurate.
He is toast.
The man is too big for his boots-the Cascabel/Alpala project it seems was a step too far for him.
I think having a man with dictatorial tendencies allbeit this trait being flowered over in public does not go down well with our major shareholders.
Its cost many of us a small fortune and I for one am pleased to see the last of his power influence post march 31st.
Its my 163,148.
Still got my GGP sadly .
Hopefully we shall see why the price is slowly recovering with a decent and I mean decent meaningful RNS.
Its about time after all the carp we have had to put up with over the past 4/ 6 weeks,
But I have sold 2 lots 102,707 and 102,350 shares which sadly caused a price drop.
I have put the money in to GGP as short term I cant see any major upward swing in Solg and I am still smarting from the PFS delay which is unforgivable after we were told on a number of occasions there was no great delay.
Once and if I make a few bob on GGP which as we all know has had equally as bad a run as Solg I will reinvest the lot.
When the Board found out that PFS delay had to be announced it was the board that made NM fall on his sword.
I shall lose no sleep as he drifts off in to his DGR retirement fund.
We were all led up the garden path.
I too am guilty as I was told NM was a bully
It was his way or no way.
Andrés Arauz , a 36-year-old protege of former president Rafael Correa, will advance to the 11 April runoff, but it was still too close to call whether he would face environmental activist Yaku Pérez or conservative banker Guillermo Lasso.
a man wearing a suit and tie: Andrés Arauz, 36, will advance to the 11 April runoff.© Photograph: Rodrigo Buendía/AFP/Getty Images Andrés Arauz, 36, will advance to the 11 April runoff.
The surprisingly strong showing by Pérez, who is running on a platform of banning industrial mining, shakes up an election that has so far been defined by dueling ideologies of social welfare versus free markets.
According to a quick count by the National Electoral Council Arauz took 31.5% of the vote, Pérez 20.04% and Lasso 19.97%. The count was based on some 2,400 poll statements from a representative sample of voting centers.
Shortly after the announcement, Pérez told reporters that he had won enough votes to enter the second round, and said he was holding a vigil outside the election council’s headquarters in Quito to prevent vote manipulation.
Broke
Rest assured Nick has not been BS us at all.
His record for returning profits for shareholders in previous dealings is second to none.
Things change accept it - I have to accept it and I am confident about the future.
Let’s get sundays election done and dusted.
Monte
Companies the size and experience of Solg do not make a hash of preparing a PFS.
There has been a fundamental change of direction due to the sheer size and scale of the ore body.
I am following John M at S P ANGEL professional opinion on this.
Yes disappointed upset no.
I can wait until Q4 and reap the rewards.
SP Angel - In our opinion, Solgold is prudent to harness the extensive and detailed technical and operational expertise of its recently strengthened board to examine every aspect of the Alpala development thoroughly before irrevocably committing to a development plan. Block-caving can be a relatively unforgiving mining method and with a potential mine life in excess of 50 years additional assessments to get the right plan at this stage may help avoid long term operational difficulties and help to deliver a technically and financially robust solution for the entire mine life. The May 2019 PEA for Alpala envisaged production rates in the range 40-60mtpa which would make Alpala among the largest, and possibly most complex, block caving operations in the world. For example, Rio Tinto’s Oyu Tolgoi Lift 1 cave at the Hugo North deposit in Mongolia envisages production of only at around 33mtpa served by 5 shafts extending to depths of 1300m. Given the high-grade core to Alpala, it is entirely understandable that the Project Committee is reviewing the optimal scale, required financing profile and ways to extract the higher grade material early in the project life. Conclusion: We endorse Solgold’s decision to extend the timetable to deliver the Alpala PFS and, although some observers will be disappointed at the deferral of the original delivery date, we believe that it provides the company the opportunity to develop a project which can be more robust technically and financially and which avoids continuing long-term operational bottlenecks. We look forward to the PFS later in the year
But a delay is a delay is a delay- I can live with it if the delay is warranted.
What I find distasteful is the length of the delay just announced.
For years I have had faith in the corporate governance of the board which to me is of paramount importance and I received comfort in my discussions with a friend employed in Australia
No-one likes a drop like this -the price being taken back to nearly 3 years ago.
But if its in the best interest of the company we have to suck it and see.
Solg is there for the long haul and we have to be happy with this fact alone.
New CEO due in -new top class Non exec team appointed and goodbye to Mr M- what could be better??
I am staying put and will wait for the turnaround.
Nothing has changed.
I wonder who else Exec wise will be departing the good ship Solgold??
Time will tell.
That’s because they are expecting a bid sooner rather than later.
All the grafting over the past 6 years producing one of the worlds greatest multi tier 1 discoveries is not going to waste.
Solg will have slide rules all over them today.
The new CEO first task will be to decide which offer to accept.