Member Info for WoodyB

So as probably expected the PFS is delayed. A few weeks ago we were assured it was on track for the end of the year. Now we get what looks like a copy & paste paragraph from the last delay notification. To make matters considerably worse we have gone for delivery before year end to delivery unknown. An appalling lack of integrity shown by the Board. I agree the new CEO would kitchen sink any crap he can, but this keeps happening. A relentless failure to keep the expectations they create. Irrespective of the long term prospects this management is awful.

I went out for a meal last night feeling quite anxious after scanning the comments on the AGM agenda. Thanks to RK for his posts on that.
I wake up this morning and it seems like we have great news on this funding. I agree this government support must be a massive de-risk green flag and suggests PFS & other funding are ready/known.
Not often I look forward to Monday morning but bring it on!

On this 'dangerously undervalued' point, this claim has reared its head regularly over the last 4-5 years (may be before that- I don't know). The fact of the matter is no-one has seen fit to take advantage of it, presumably because it is *******s.

Agreed Smickster, my view is that is in part because NM is still on the board as a NED.

Good points Bozi, hopefully the PFS will help the SP, but who promised the PFS in 2019 and 'shock & awe' last year? The continual over promise under deliver has destroyed confidence in this share and NM is at the core of that.

Bozi, fair point, but there has clearly been a major cloud hanging over SG irrespective of what RNS they have issued. It is clear there were moves to remove NM and he is still lurking in the background which has left the situation unresolved. He can still exercise his influence as a major shareholder, but my view is that his needs to fully resign so SG can be seen to start on a fresh path.

thanks for confirming RK

Dear RK have you followed up on your previous meeting/dialogues with SG/your contact?

In fairness Bozi as you will appreciate, SG have not completely binned NM yet and that is why BHP are on the war path.

Thanks for posting that link Italian, that must leave people in no doubt where we are.

One point I asked them to comment on was NM's role and him effectively being a fly in the ointment, at least to BHP , and increasingly in many PI's eyes. THE AGM notice will clarify if a resolution has proposed by anyone to remove NM from his position.

I emailed Fawzi with a number of points and asked for Twigger's SG email address, Fawzi has confirmed he has forwarded my email to Twigger along with many others he has received. They will be in no doubt that unless they provide some meaningful update on the CEO, drilling, PFS before the AGM there are many PIs that will not support the board.

Come on Monte, when the price goes down it is 'manipulation', when it goes up, it is 'RNS/news imminent???'

Every opinion on the CEO situation is unfortunately pure speculation as the SG has not made one meaningful statement or explanation on what is going on since NM went.

This is off topic, but if anyone is struggling to keep their morale up during this buggrs muddle, this is a superb motivational interview:
https://www.youtube.com/watch?v=YGxwvfHGomM. Enjoy the weekend folks, one more weekend has ebbed away, no explanation from SG board why we should vote for them....Hopefully next week will bring some clarity.

BBG, 'Anyone rattling that they would accept sub 100p takeover is either a troll or uneducated', or needs less money to be happy.

Thanks CD, obviously the higher the better, but as long as we clear 45p plus I'd take it. 70p-£1 plus I shall be over the moon.
I am not impressed with the current board, but that may change rapidly if they actually provide some updates. Having said that I am still inclined to back them in the current circumstances.

A lot of excellent posts and ideas from various contributors in the last 24 hours, thank you. What initial bid you would expect from BHP, CD?

Great, so:
1. the board are desperate for support;
2. they board think we are undervalued (doh - that's down to them, whatever excuse they have they have not appointed a CEO and no meaningful news in a year;
3. No mention of Mather, the real fly in the ointment, does the RNS mean his must seek re-election?
4. BHP are not on side any longer (see 2-3 above);
5. May be at last we will get some resolution to this mess.
Does anyone know Tigger's email please?

What did you say Red?