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1) Support a management team which is working on behalf of the smaller shareholders and is moving towards an exit, or;
2) Cause chaos at board level and hand the management of the company on a plate to those organizations who have absolutely no interest in retail investors. They would insist upon funding the route to production with their own equity and in the process would dilute us virtually out of sight.
So far I've seen no logical argument which makes any sense of supporting point 2.
Caldwell is the only thing standing between us and oblivion. (I do like the odd bit of hyperbole!)
Doesn't point two apply to the CGP merger?? Because that's what has happened!
You've already had the 'loss of control' and someone else making huge coinage out of SOLG. It's called Bob and Maxit.
Just another 157m shares to go and they'll be done... or will they?
For the last time... get it into your head... BHP or another cannot dilute all shareholders in the way you are saying simply because they don't have the voting power. Also, there are rules to prevent them from using their shareholding to exert undue influence. The list goes on. It's nonsense... just boot these guys out and you'll soon see a deal tabled.
From there... it's not a firesale at all... it becomes a 'who wants it' scenario and if we are all believers in Alpala ... then the list shoud be large... but someone has to kick start it coz these clowns certainly can't.
Agree Add, but some seem to be very emotional about these votes and are not thinking straight. They clearly dont realise that the alternative is far worse than the current management.
If you decide to vote out the board you should sell Solgold and buy BHP shares.
Well said addickt...
And the irony is that the people on here who fear oblivion are viting for...
Oblivion...
Fort, indeed and I was the first person to point out the merger was a reverse takeover - and thank heavens it was.
You've become fixated on this issue of the CGP shares and I'm afraid I think you're talking nonsense.
Perhaps it's now time for you to 'get it into your head', if BHP end up packing the board they don't need to worry about votes, they'll simply be asked to stump up the equity to fund the development and you'll be sitting on the sidelines squealing like a stuck pig.
Fort,
Your view is a bit dramatic isn’t it? Why put a new board in that has to get up to speed on all of Solgolds tenements, all deals done and deal with the government again with new faces.
None of us know where the board is at with interested parties, I personally would rather leave things alone when we know nothing, absolutely nothing that is going on that Solgold cannot talk about.
You sound frustrated and talking rubbish in my opinion, let them in the know deal with it as they definitely know more than you
Have a good day and chill out a bit, ATB
I really would wish that Lord Braggart would allow each PI to vote as each see fit. Its each PI's shares to vote as each see fit. He didn't give anyone money to buy their respective shares. So he should stop trying to coerced folks to vote his way.
Here he goes again bragging about how many shares he has and how much he spent. A braggart through and through. He can't help himself. I would say he is willy waving his share holding again, but I gather that it's all limp and not even a cold Heineken can put life back into that old dog:)
The key question those thinking of voting against the resolutions should ask themselves is; why are BHP so opposed to the Board?
A clue: It isn't because they're concerned about the retail investor.
Remember what that bloke from Glencore said a month or so ago; 'the business model of the majors is to screw the small explorers.' And he wasn't joking.
Eloro - everyone's own shares are for them to vote as they wish but at the end of the day it's a democratic vote.
All the discussions around the vote are just company politics. Investors are making their feelings known and pointing out the perceived pitfalls of voting a certain way.
I agree with Add that we are now reaching a binary choice. For me, one choice presents much more threat and much less opportunity than the other, and I state my case accordingly.
That's all Redknight is doing too, so I'm not quite sure what the agenda is all about.
Adikt. To answer your question. Bhp are opposed to the board because they were, are, and will be a joke.
And there is every chance there inability to manage, will cause the project to be taken over by Ecuador. And that helps nobody.
And for all of your experience selling companies and having major company ceos as friends I'm astonished you can't see it.
The year Caldwell has been in charge has been a disaster. And your constant pleading and begging others to vote for more of the same, is shamefull
The merger closed Feb 27th and all the CGP shareholders can now vote at this AGM. ….
Hi Bozi, in a democracy, people are left to freely exercise their franchise. Lord Braggart's relentless posts haranguing people to vote his way is more of a 1 party totalitarian state approach.
Contrast his approach to that of Add's for example. Night and day. Add points out the pitfalls and respectfully leave us to vote how we want. Not this braggart. Posting like PIs are children and stupid and only he knows what's right and his way is the only way. In addition, he takes the opportunity to boast about his solg's position. Tasteless, tacky and trashy. I don't need him telling me how to vote and what is right and what isn't.
The board are going to get voted down on many counts at this AGM….. it is what it is now.
What happens post AGM fallout will be interesting.. and the implications for the needed, near future fundraising..
will they be able to get fundraising done above 10p?? Seems ambitious these days… Sad.