Member Info for RodneyT

How do you know how much I have invested Chri5p? Also, projecting away doesn't change the fact that the company presentation visible to the outside word and to potential investors dates from 2020, that's right, the year of Covid Lockdown. What message do you think this sends to the market and potential investors? Whose duty is it to fix this? Why should management be let off and handled with kid gloves? It is staggering that you apparently accept such disregard and disrespect to shareholders and potential shareholders as a matter of course. How long would it take to fix?

Agree BS and as I sketched yesterday, we shareholders need over a 6 bagger from here to catch up with a sector tracker based on performance over the last 5 years. We have heard many stories over the period of imminent this and imminent that but the numbers are as they are ladies and gents and we have to own as shareholders that we have risked capital over the last 5 years and it has been a bad choice. The opportunity cost has been big and now we need to do brilliantly just to catch up. I want to see the company taking communications much more seriously. I want to see up to date and pertinent information clearly stated on its website. I want to see all directors buying shares with their own money. I want less of the whispers and rumours that fuel life here day to day. Let's have some clarity - good or bad. Whatever the story is, let's have it clearly and accurately stated for all to see. Remember, we have to do brilliantly from here just to catch up if we are long term shareholders. So far, we have lost and it has not been worth the risk investing here. That's fine as we are all aware this is a risky sector and size accordingly but at least do the basics well CB and crew.

IP, It can. But pigs can fly too. Just look a cover of Pink Floyd Animals :-)

Hear hear BP. Don't forget, the option pool which is mostly taken by Maxit, CS, SC and DV adds up to $18.2 million. Meanwhile, there are quite a few here underwater at 28p sale price. Hear hear BP.

Chri5p,

Oh! Don't whisper a word in case potential investors are upset and mark the price down and we mustn't ever ask management difficult questions in case we upset them too. You say management won't listen anyway and for once we agree. If you go back 5 years, £1000 invested in GLR is now worth around £410 (then there is the spread to get rid). £1000 invested in Vector Junior Miners ETF is now worth around £2730. And yet a layman investor new to the scene has to rely on a 6 year old presentation posted on the Company's website because that was the last one provided?

How can this be a well run company based on that? Of course the company has some good prospects although many things have been ' just around the corner since the AGM 2023 and, since then, the SP has fallen by about 25% during the same period that the sector has soared.

Defending the indefensible....I wonder why? Do you think Chartered Accountants are good at sums Chri5p? When you reply, can you tell us how many shares our CF0 owns in the Company please and how he acquired these?

Chri5p, I'm not happy but I can't move on unless I want to pay a 13% bid offer spread. By the way, do you think it is reasonable that outside investors like us are still having to rely on piecemeal updates here nd there whilst the company presentation on its website is years out of date? Don't you think, inter alia, this is contributing to the feeble liquidity here and moribund share price? A bit of care from management would go a long way. This is a listed company not some outfit down a road at the back of a shed somewhere.

Well said HD. Hear hear. Christmas paper RNS. Where's the present Mr Bird? Such a hot sector at the moment. This minnow has a number of fine prospects. Yet our share price is going backwards and there is a huge spread that makes it awkward to trade. Nasty.

Good luck to any non Chinese bringing any case against any Chinese business in the Courts in China! :-)

:-) ARO, the HK fund ActusRayPartners shorting the share between just after JCC's acquisition of the Canada shares with no tender and no vote and closing the position completely just after the JCC bid became firm! :-) :-) :-)

Agree, Add.

Stack and Needy have always been quick to disrespect other posters and try to cancel their opinions. Seems like the goal was to make it uncomfortable to post here. For me, I always enjoyed answering their questions and querying their advice with Stack's 'sell now and then buy back when the 5p raise comes' the highlight of course but with a thought who may have acted on that advice. Needy's perpetual anger is life-shortening for the old ticker, surely? No cancel culture here. A place to share ideas and views whatever Stacky and Needy said or had in mind. I don't recall either of them coming up with anything new evidence-wise. It was all about controlling the narrative to them - for whatever reason! :-)

PS, Of course we all know that certain parties will do stunningly well on a risk-adjusted basis as/when the current deal is done and would do even more stunningly well as/when a better offer is made. Which LTSH here has done 'stunningly well' on a risk adjusted and opportunity cost basis? Not me, for one.

There's some big money about to be handed out ladies and gents. I hope that includes yourselves. After all, your capital was at risk and you had an opportunit cost throughout your journey.

1. Discretionary Annual Cash Bonus

“In addition, Mr Vujcic is eligible to receive: (a) a discretionary cash bonus of up to 150% of his basic salary each year pursuant to the Performance Bonus Plan; and (b) an award under the LTIP (in the form of performance stock units, restricted stock units, options to subscribe for SolGold Shares or a cash settled equivalent) of up to (i) 300% of his basic salary for the first year of his employment and (ii) 200% of his basic salary in each subsequent year.”

2. Sign-On Bonus (7p Options)

“Under the terms of the contract, Mr Vujcic is entitled to a ‘sign-on bonus’ in the form of an option (governed by the rules of the LTIP) to subscribe for up to 15,000,000 SolGold Shares at an exercise price of 7 pence per SolGold Share, vesting in three equal instalments on the first, second and third anniversary of the date of grant.”

3. Change of Control

“In the event of a change of control of SolGold, if Mr Vujcic’s employment is terminated without cause within 12 months following such change, SolGold will provide enhanced severance comprising 24 months’ basic salary plus an amount equal to the greater of: (i) two times the awards under the LTIP (which excludes, for the avoidance of doubt, any sign-on bonus award) and the Performance Bonus Plan paid or earned but unpaid for the year immediately prior to the date of termination of his appointment; and (ii) two times the target awards under the LTIP and the Performance Bonus Plan for the year of termination.”

Part 2 – Explanatory Statement, paragraph 5 (Management Incentivisation).

“JCC has engaged in limited preliminary discussions with the SolGold Board concerning proposals to put incentivisation arrangements in place for the benefit of certain members of the SolGold management team following the Effective Date. No incentivisation arrangements however have been confirmed as at the Latest Practicable Date.”

Plenty of time to agree that in due course.

Possibly IP. A bump or counter is likely optionailty for them when they actually own the share but their main financial position most likely event driven arb. If they were accumulating for a counterbidder we would most likely have seen a TR1. Counterbid still plausible but unlikely now. I am sorry to say this IP. I cannot say here what my opinion is of certain people whose names we all know.

E, Not about 'fairness' at all. We all know life is not fair. Just look at the Middle East right now. It is a question of seeing the process completed properly so that there is zero chance of a counterbid. We are scheduled to reach that point next Wednesday.

In due course E. Next to no time to wait. The 4th is next Weds. Scheme becomes Effective then? It's over for sure. Until then, it isn't.

Nice one Eloro and best of luck to you. It is a rotten situation and I can't say what I think here as I have no interest in orange jumpsuits. In a nutshell, we are not done just yet but are likely to be soon. In the meantime, the door remains open.

Hi Eloro,

' Coffin Dodger' - very droll! :-)

Not over just yet but counter unlikely now. JCC claiming victory premature but that was probably the journo jumping the gun. Will know soon enough. Dog's breakfast 'ere :-)