Member Info for WoodyB

Great post Bozi, spot on I reckon.

Red, I think you will agree it is Solgold have invited such a letter from BSC by virtue of the RNS, so it is Solgold that have opened this up and they will have to respond.

Solgold must surely have to RNS a response re BSC's open letter in the coming days/weeks. Will be interesting to see what they say.

Well done Berry Street Capital, I am sure many would now be delighted to get 40p and get this mess over with.

I emailed this to Fawzi yesterday, no reply yet, not expecting to hear anything back, just want to make the point: 'After years been told the company is working towards production (a change of strategy headed by Nick Mather) he recently indicated this is no longer the case.
We now learn via his personal LinkedIn account that Ingo Hoffmaier’s position has terminated along with Lisa Parks. So it seems the person leading fundraising for Alpala’s has gone because he says the strategy has ‘evolved’.
It seems there are regular drips of highly sensitive statements appearing online from key players within Solgold, but no statement from the company itself to explain what is happening.
Can you please explain?'

Can any identify what we know Ingo contributed during his tenure? It is hard to be sure as SG provide so little information I know. With regard to his exit my hunch is that this is not entirely amicable if at all, hence why it was announced by Ingo on his LinkedIn page and not by a concerted statement or RNS from SG. SG should have taken the initiative and controlled the news in some way shape or form.

Interesting posts and information over the last few days. How much longer can Solgold acquiesce with such important developments dripping into the public domain without providing a formal explanation of what is going on?

Seems to me Mather knows a move is coming and he is trying to save face before it happens, in view of his previous ****** about taking SG to production, which knackered the SP for years.

By my calculation that TSX price equates to 34.65p?

36p please

Cheers, great film

Yes it sounded like it was based on a quote from a Clash song, which in think originated in the film Taxi Driver.

Taxi Driver or The Clash?

I hope you managed to get into the game Sharketmare. I’m a LUFC man, but wanted you to win. Liverpool are a brilliant club.

14 days notice required for an EGM. Shareholders are getting considerable prior notice. I’d expect notice of the EGM to be served in the next few days to minimise any uncertainty. My immediate hunch is that any director embroiled in the fraud controversy would have resigned to avoid EGM embarrassment, unless they are disputing their culpability? So I’m hoping it’s re Alpala JV or other potentially fundamental investment or financial proposal.

There's big news coming, I can smell it, my instincts are good. Not based on anything other than the news and current published information, I hasten to add. Have a good weekend all.

Excellent post there Coldcut thank you.

Fair points rcgl2. I think this is probably old news and that the major shareholders were briefed and steps taken to resolve in private with as little fuss as possible. As usual the private investors are the last to know, but in this case there seems to have been no prejudice. As someone said maybe this is one reason NM was forced out. In additional the two major recent board appointee would definitively have been briefed on this presumably to their satisfaction before they agreed to join.
My view is that any bidder, if one comes, will be more than happy to have a local competent work force in place, it may even be a prerequisite to a bid partly as a commercial and partly as a political necessity.

Thanks for your comments addicknt.

I've got some queries:
1. The sum seems a significant proportion of the annual spend to slip through the net?
2. Why would £4m+ not have shown up as an extraordinary blip on the relevant year's accounts compared to others?
3. Who was CEO when all this was going on?
4. Maybe this has come to light as part of confidential due diligence going on?