Member Info for Qalibashi

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.

Don't expect a reply- our good friend to shareholders KS is on his way out-sadly.

NM

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

Not in to GGP.

Mmmmm-maybe holding back to re enter perhaps??

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.

We have had 5 years of regional updates and after today we are at a measly 29p.

I used to look forward to all the juicy grades we have in our concessions but I am now of the opinion that only an RNS letting us know that an offer to purchase has been made will be the only event that will move the price to a level that demands respect for what Nick M and the team have done since we have been in Ecuador.

About time too.

DBW always had a regular tete a tete with a Solg employee-until this week!!

No response at all.

Hopefully shutdown is their lockdown and good news or at least an update of some sort will be unveiled.

More than anything is the haphazard way we PI's are treated since the AGM.

We are 5 years ahead in drilling versus any competition re junior mining companies.

Multiple Tier 1 assets in our portfolio and yet the management are incapable of stopping the daily drip drip drip in the value of the share price.

I never ever thought that we would be sub 30p at this stage of our evolution.

We have fantastic geos led by Dr Garwin- we have Jason Ward -we have top notch Non execs- we have Citi we have 2 brokers representing us on the LSE market platform and even they cant stop the price from falling.

Look around and you see GGP rising and Orisur now ahead of us in share price but only with a limited number of shares in issue.

Even stable companion Ironridge IRR has had a pretty impressive movement in share price.

So I am at a total loss as to why we are where we are at this time.

I dont believe its anything to do with Mather.

I just hope the powers that be get a bloody good update out SOONER RATHER THAN LATER.

NM has missed every deadline going and ENOUGH IS ENOUGH.

I hope someone at SOLG reads this board.

I am angry and upset and for me that has never ever happened here.

I just cant believe the way the company is being run.

Rant over.

Monte- London buses springs to mind.

Colonel- I added too.

This will progress in price value once we know whats happening with succession planning.

All I am worried about is a low ball offer as BHP and NCM would have this in their interests.

But and the big but is that hopefully the 2 giants will fight for complete ownership.

I will look forward to analysts vies being published over the next few days.

This must have been going on for a while now which may well have resulted in a lack of news updates.

Come in tasked with selling the crown jewels??

I would guess not as he would then soon be out of a job.

I think its all hot air.

Get Jason Ward and Steve Garwin to be Joint top dogs with whatever title you want to bestow on them.

I would be totally peeeed off if this was dragged on to get us to becoming a moner.

I want the Board to concentrate on what shareholders want and thats a sale of all or part of Solg.

Nicks gone and not of his own free will.

Its a shame but necessary and I have a lot of respect for him.

But we need safe hands in charge.

I think anyone coming in will be for a short time only .

Nicks dream was to create a mine.

I agree about NM- I liked him but most people who worked for him did not.
This is a fact.

I think its the best thing for him.

In recent presentations he looked very tired and at times irritable.

Lets see who the new CEO will be.

I bet Rousseau are filling their pockets now with Solg shares.

Showing at MARX- anyone know who they are?

Joker CT.