Member Info for schlemiel

but nonetheless it's a sad day. Mather was Mr Solgold.

I wish him all the best

Leadership Succession Update

Mr. Nicholas Mather, has advised the Board of Directors of SolGold (LSE & TSX: SOLG) that for personal reasons, he will retire from the role of Chief Executive Officer ("CEO") after 13 years at the helm of SolGold. During his tenure, the company has delivered globally recognised exploration successes, he built SolGold into a distinguished explorer in Ecuador and laid the foundation for the next phase in the successful development of the SolGold.

The Company will commence immediately a global executive search program to identify and engage with candidates that have experience in base and precious metals exploration and the construction of large copper-gold porphyry mines in South America, development financing and executive corporate management.

To ensure an orderly transition, Mr Mather will step down effective 31 March 2021, after which Independent Non-Executive Director Keith Marshall will act as interim CEO until a new CEO is hired. After his retirement as CEO, Mr. Mather intends to remain on the Board as Non-Executive Director, and will continue to support the Company's ongoing exploration focus in Ecuador, independent financing and strategic corporate initiatives.

Before taking on the interim CEO position, Mr Marshall will step down from his position as Chair of the Remuneration Committee and from the Audit and Risk Committee. Independent Non-Executive Director Kevin O'Kane will take over as Chair of the Remuneration Committee. The Audit and Risk Committee will continue with its current two members and will engage the services of an external adviser.

Commenting on the CEO succession, SolGold Chair, Mr. Twigger said:

"Nick Mather has made an incredible contribution to the success and growth of SolGold, having taken the Company from a market capitalization of US$40 million in 2006 to over US$1 billion. The strategy of regional exploration designed by Nick and his exploration team will continue to be pursued and has the potential to deliver a string of major projects for SolGold, its shareholders and Ecuador.

Exploration and discovery is in SolGold's DNA and we intend to continue that evolution. The succession plan is designed to build SolGold, and there will be no abandonment of the exploration, discovery and marketing processes we have developed over the projects in Ecuador and no change to the open and value adding independent financing strategies for future developments."

nm

Maybe we should throw our lot in with Cerence, rename the merged company 'Seance' and list on the Nasdaq...only joking of course but Cerence do have an impressive customer list

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02331649-2A1275665?access_token=83ff96335c2d45a094df02a206a39ff4

DGR Global Managing Director, Mr Nicholas Mather said“I am delighted that Peter has agreed to join us as a Non-Executive Director, bringing his extensive experience across commodities and jurisdictions alongwith his extensive contacts from his time not only with BCP, but also stockbroking and international investment firms'

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'agreed to join us'. Is Nick's future now pointing in a new direction?

thanglan

I'm with Sharecentre that were bought by II and are due to migrate over in the next week or so your problems regarding cash withdrawals is slightly concerning. I might give Sharecentre a call.

I wonder if your withdrawal problem is technically rather than anything to do with II?

Darn

Maybe they know more than they are letting on. God knows

Development of the Beetaloo will also require new gas processing and transportation arrangements with additions to the Amadeus gas pipeline, which runs from Darwin to Alice Springs in the NT, the McArthur River gas pipeline linking the McArthur River base metals mine in the NT to Amadeus and the Northern Gas Pipeline linking Amadeus to the Carpentaria gas pipeline in Queensland and in turn to the east Australia gas market.

Total shale gas resources in the NT are estimated at 257,276PJ (6.87 trillion m³), with almost 70pc or 178,200PJ in the Beetaloo sub-basin, according to government agency Geoscience Australia. These onshore shale resources are potentially one of Australia's richest undiscovered gas resources, which could supply the east Australia market or be used as feedstock for the two LNG projects at Darwin.

But the expansion of Australian gas production for its expanded LNG exports has led to higher emissions from the upstream sector. It is unclear whether Australia will face international pressure to reduce greenhouse gas emissions and follow some of its largest trading partners and commit to a target date to transition its economy to a net-zero emissions economy.

By Kevin Morrison

https://www.argusmedia.com/ru/news/2177842-australia-targets-2025-for-beetaloo-gas-fids?backToResults=true

The Australian federal government wants upstream firms to be ready to make final investment decisions (FIDs) on their respective projects in the onshore Beetaloo basin in the Northern Territory (NT) following the unveiling of the Beetaloo strategic basin plan, which includes further state funding for infrastructure-related projects.

The plan sets out government assistance to upstream projects by financing infrastructure, including new roads, as well as ensuring there are no delays to development from regulations governing the sector, according to the plan released by the Australian Department of Industry, Science, Energy and Resources.

"Our plan aims to accelerate these development stages. Our objective is to bring forward the final investment decisions of Beetaloo development to 2025 or earlier," the plan said. None of the companies operating in the Beetaloo have provided any timeframe on gas development in the region as many are just in their initial drilling stage. Australian independent Origin Energy is expected to release results in the current January-March quarter from its drilling activity in the Beetaloo.

Beetaloo is one of five gas basins Canberra wants to accelerate development as part of its gas-led economic plan.

The new plan was accompanied by more than A$220mn ($169mn) in funding for the construction of new roads in the 28,000km² Beetaloo region, which is 500km southeast of Darwin in the NT and traverses the main road connecting Darwin to Adelaide in South Australia. Canberra has already provided exploration funding to upstream firms in the onshore region.

The government provided a timeframe for development of the Beetaloo with exploration well drilling to take place over the next two to three years. Around 20 to 40 appraisal wells are to be drilled in four years with around 200-300 wells to be drilled each year.

'The key is not being greedy and accepting less is more and within timescales where we can enjoy the benefits in our lifetime!! '....absolutely spot on. Most insightful quote this week. Be guided by events at Greatland Gold and learn from that

What Is Succession Planning?

Succession planning is a strategy for passing on leadership roles—often the ownership of a company—to an employee or group of employees. Also known as "replacement planning," it ensures that businesses continue to run smoothly after a company's most important people move on to new opportunities, retire, or pass away.

Succession planning can also provide a liquidity event enabling the transfer of ownership in a going concern to rising employees.

https://www.investopedia.com/terms/s/succession-planning.asp

Clara Denina at Reuters ran with the story. It's telling the source is Canadian and probably someone not on the inside so it could be Irwin, CGP or someone from BHP or Newcrest.

One would think Denina checked her sources before printing.

There's no doubt we'll get a RNS denying or confirming but let's not be naive here, this news story has substance

It's a lunatic or indeed lunatics and they've been around for a few weeks now especially at weekends when LSE staff are thin on the ground

Or in deed it may suggest Tesla's capitulated to pressure from the NHTSA before NHTSA introduce mandatory DMS

If Tesla do install DMS that will spur others to do so - 'arms race' as it were

https://minister.infrastructure.gov.au/mccormack/media-release/roads-investment-open-major-gas-project-northern-territory

Tesla Looks To Sell Model S, X Inventory By End Of January, Hinting At Refresh

Benzinga EV Insights
Fri, 15 January 2021, 3:46 pm·1-min read

'In December, Tesla shut down production of the Model S and X to make improvements to the production lines. The lines were shut down for almost an entire month.

Rumors of a refresh of the Model S and X have been swirling for a while. Tesla hacker Green has shared details found in his Tesla's code hinting at new interior features such as a driver- and passenger-monitoring camera.

Green has a very good track record, and historically, the features he finds in the code come to life within months of discovery.'

cont

https://au.finance.yahoo.com/news/tesla-looks-sell-model-x-154622727.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvLnVrLw&guce_referrer_sig=AQAAAHZwV612AnA0JQSmPHlKD7mJVBuVhiyVRV9pz22uA2nYmOhU6_bxk2CCy32u5o_SroHZzoVL2Xzs_b2XrEBx16JwQLMFluKJEso6YTZnHafNJrRHvuOJb95km52VR6EViLtW62_vXq5dWyAQMrd6_lTbLudco_uSpMVAL4_J4MH3

Why has the Franco-Nevada financing been allowed to lapse and who exactly decided that this should be the case? I feel BHP have more influence here than we care to admit. I believe they are dictating events and I believe the future of SOLG is in their hands. Now BHP has been released from the Standstill they can almost act as they wish without restriction.

Mather's impending departure removes a significant uncertainty from the equation and elevates the possibility of a funding deal for Alpala and further across SOLG's tenements. His removal also reveals the majors have had enough and are now throwing their weight around. It is time to put the peddle to the metal, as it were

Some may say his removal is a betrayal but in a corporate context emotions are simply facile and irrelevant

But Mather or no Mather, there's gonna be dilution or one form or another. It is the Achilles Heel of all small explorers

Reductions in uncertainty is a positive for a stock's value and that can never be a bad thing so UP Monday start...he says sheepishly. It's worth noting my predictions very rarely transpire

A JV with funding in return for Mather's head. That's my betting and don't be too quick to dispel the influence of the government of Ecuador and indeed wider international politics (China and the US) in all of this

Ecuador struck a deal with the US last week concerning its debts to China. It seems the US is determined to crush China's plan to use their debt funding to poorer nations with valuable natural resources to extract cheap natural assets. The debt collector menace is now China's tactic across poorer nations to exert control over natural assets and Ecuador's on the radar of both main power players