Member Info for Strider4

It wouldn't in this case, as there is no channel. As is, you've done the reverse and drawn a channel based on an upper channel line and then added in the "trendline" parallel to it.

FR- parallel to the bottom trendline.

Like it Schlemiel - I suspect she's a female Orangutan, from a good family.

FR - respectfully, as I agree with most of what you say, an uptrending channel is most definitely NOT defined by the upper side. In this case, no clear channel exists.

FR, since when do you draw an uptrending channel based on the upper side? There is no channel currently - only a short-term uptrend line that is still just about in tact.

Ref 45p being breached, we're due some regional news and perhaps some tasty drill results on Cascabel. If they are good, the anticipation machine might start rolling and pick up enough momentum to breach 45p pre-MRS. If there's a strong hint that we're looking at more than double (e.g. that recent presentation slide certainly looked more than double to me if you visualised it in 3D), then this should go wild.

Earthling, you are a most irritating chap aren't you.

It is you who feels the need to be right as we all saw during our last bowt, where you had to have the last word (until I picked you up on it, at which point you shut up). And with you, to be honest, it's dead easy to be right most of the time. I'm happy to take on board other's reasoned comments along the way, as I have done. But with you EArthling, you ain't got much new or bright to say.

I am abusive, only when abused first - go back and check my post history.

Happy with my position, strategy and buy-in prices.

DG, "Of course it could just be that BHP or Another are about to make a massive offer and NM sees this as a way of providing a parting gift to all employees (I doubt it’s this but could be)"

Perhaps it is. But is that really NM giving the gift or is it in actual fact us, the shareholders who are giving the gift, and he is enjoying the credit. It's like me "buying" a friend a huge gift (say a flash car) for their wedding present and basking in the glory of their appreciation, all the while my father has bankrolled the thing, not me...

Waksa - ok last time as this is getting boring.

If you can read English you would have seen that I have repeatedly said that I have nothing against options per se - it is the volume and strike price/expiry that is my issue.

Geez, do I need to tell you what these salaries are. They are decent, as SOLG are always banging on about corporate responsibility - that's part of it don't you know.

When did I say the £45 mil is for salary alone? That's right I didn't. A good chunk of it will be for salaries however.

I sincerely hope that you are not a high level manager? Not too bright and struggles to follow an argument. They do say though that turd rises to the top - case in point?

DG - no problem with options per se. "Just" the volume and strike price/expiry date.

Waksa - sweet lord above you really are a pillock aren't you. They are getting a decent salary already - paid for out of placings. The last one was for £45mil, don't know if you noticed? No, I haven't run my own company, but I, like many others, have worked for years for a large corporation and guess what, my compensation was pretty much my salary. And do I think that's fair? Yes I do. End of. It's so simple,

RR - I've got to pick you up on that. We're sat here on our keyboards yes. We're the ones who are taking a huge risk by putting our capital into SOLG. We, collectively, OWN SOLG.

And those poor geos out there working on fantastic project with fat salaries (by international and local standards). Seriously boo hoo. Their reward is their salary and job satisfaction. And by all means give them some options. But lets not TAKE THE ROYAL P..S with it.

DG - no probs.

Zoros - that is it in a nutshell. £140k before tax at £1. But as you say that will be heavily skewed towards management. All paid for by the shareholders (the "market will absorb it"). It gets more and more disgusting the more I think about it.

Hedgefund - that comment was just downright irritating. Rockhammer in hand in the wilderness - that's what field geos do for ... sake. They find it quite hard to look at outcrops and collect samples in a city environment. The expats will be getting paid handsomely and so will the locals. They are working on one of the most exciting and professionally rewarding projects in the world. So yes I don't see why they should get loads of free cash. E claro?

DGInvestor - I'm fully aware of how options work. You pocket the difference. Clearly my question to SOLG about 60p in 3 years was one to draw out an answer. Obviously I'm convinced they also think it will be well north of 60p in 3 years. So, at £1 they are pocketing a small fortune as a bonus, bankrolled by the shareholders.

Sick, so pocket the difference. Absolute, daylight fricking robbery then. NM has dipped into shareholder's communal pockets and helped himself (and his employees) to an exhorbitant wodge. That lacks integrity to say the least.

"“Cashless exercise – You exercise your options and sell enough of the stock to cover the purchase price. The brokerage firm makes this happen simultaneously. You are left with 500 shares of Widget which you can either keep or sell”"

Right, I've gone to source on this one. The body of the message was as follows and I'll see what comes back:

"There are now 129 million options at 60p. If all are exercized, as the last lot were at 28p, then that would equate to each employee, assuming equal weighting for this purpose, having about £170,000 of options.

Now, I'm all for incentivizing employees, which was how the motion was justified and passed at a previous AGM, but how does the company justify allocating £170k of options to each employee?

The recent grant of 83 million options (included in the 129mil above) was at a strike price of 60p with a 3 year expiry. Can you explain at what point these options can be exercised - is it only at the end of the 3 years or will there be windows at certain intervals inbetween? Additionally, I feel that a 60p strike price with a 3 year deadline shows a very distinct lack of ambition for the share price. Does the board feel that SOLG will struggle to attain much more than 60p/share in that time?"

FR, is it really true that brokers offer a buy/sell service for a fee? Essentially they are offering a large very short-term loan. However, if that was what indeed happened at the last exercise (of the 28 mil) how is it that the share price didn't go down. The brokers may well offer the money, but the shares still have to be sold at market - that weight of sells would definitely have pushed the price down quite significantly. We didn't really see that.

Hmmm, what's 129million x 60p / 450 (no. employees) = £172k worth of options / employee.

Not sure of the exact distribution, but how in the H..L are they going to stump up the cash for that? I think I'm going to email the company directly and ask for some more flesh around this bone.

And yes I'm still harping on about it because it matters and no doubt NM thought there would be a couple of days of PIs venting frustration and then it would get forgotten, as life moves on. I ain't forgotten and I will be casting my vote against issuance of any further options either to the employees or to the directors.

WRES - due a placing (for non)-PArilla related overheads and exploration in my opinion. The CEO likes to keep them nice and regular.
KOD - not sure about that. Starting to show signs of life technically, but still heavily in bear territory. Aren't they competing with another company B something, which is a bit ahead of KOD, for the first to build a processing plant. Like their continued backing by a Chinese co.

And I should add, the trouble with taking the money "now" and running is that a major success story like SOLG doesn't come around all that often (Ecuador is probably one of the last great, reasonably accessible unexplored areas on Earth), so where else are you going to invest that may be better? Unless of course you actually want to use your profit to enjoy life, which would be fair enough!

FR, yes my interpretation of the downtrendline was that it was broken in mid-April.

Richer, yes I posted having only skim read that last bit. But for me, I would colour and label it differently to be consistent, as at first glance it might mislead.

It could be a very interesting few months ahead. The kind of moves that BHP have been making and their rapidity look similar to many a takeover case. It's a good strategy to wait a bit, let the dust settle, allowing doubts to come in such that the share price drifts down again after the first strike, and then bam, the killer blow.

If you were to offer me £1/share at Christmas I would take it I think, as would almost all on here. But it would be with some sense of regret, as it seriously undervalues SOLG's potential beyond Cascabel. Unlocking the true value will take several years - having said that imagine the going for gold scenario successfully implemented such that it pays for a good chunk of Cascabel's CAPEX (with additional debt funding a breeze based on having producing assets), we are talking multiple £s/share just for starters, nevermind any other big finds along the way. Guarantee me £3/share in 3 years' time or £5/share in 5 years and I would take that route. There is no such thing as a guarantee in this business though...

Rich3r, it's candlesticks all the way for me. My data are different - even if I use the body of the candlesticks for the trendline, I have the current price at it, or thereabouts. Therefore, I don't see a breach yet.

Additionally, you ought to colour you last trendline pink and label it something other than S, if your are to be in keeping with your previous trendlines. The current trendline is a short-term line, which even if breached I would expect to then yield a more substantial intermediate trendline.