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Anyone calling for his head a couple of months ago must surely realise they got it badly wrong?
And where are the likes of Stackhigh on days like this … ?
DBW, indeed. Still, the holders of 2bn shares called it right.
I’ll admit I was and am frustrated with him. His communication skills are poor. If they can realise these details in the Sedar document now why not before?
Details before were very thin yet they can post this now but hiding in a large document. All legal no doubt but a poor show Scott
DBW,
Scott has delivered the worst ever share performance on SOLG in years.
If he was a premier league manager, he'd have been sacked long ago and the new guy would be in and I think we'd be all saying right now... wasn't it a good decision to get rid of that woeful CEO. But we'll never know will we?
What we do know is that we have about 3 months cash left... and Scott has delivered a share price that is half the level of what his options were set at last year! So by his standards... he's well off what was expected.
There's no pleasing some people!
Fort, I like to think of Scott as sir Alex Ferguson just before he won his first fa cup with Utd.
People were calling for his head and we all know how that turned out.
fort ….. forgive me for thinking you might be able to see the bigger picture and appreciate the ****show he inherited from dc
Addicknt...
Cash pile dangerously low... not pleasing.
Scott's PFS released... sp dropped to 5.6p after that. Did you find that pleasing?
Darrels PFS released.. sp jumped to test 41p. That was pleasing.
Porvenir exploration... very pleasing
Scott's moth balled exploration... not pleasing
Scott's strategic review launch 2022... still no outcome released t market... not pleasing
Dropped out of MCII index... not pleasing
Lowest placing in years at 16p done by Scott and co... not pleasing
More expensive royalty done with Osisko when Franco could have done 0.5%... not pleasing
Communications from SOLG over last 18 months... not pleasing
Communications over last 18 days... very pleasing
Do you want me to continue? Anything you want to contest?
It's been awful. And after all the recent pleasing news... we're still sub 10p for xxxcks sake.
So lets not go happy clappy around a board of directors that have underperformed and as yet still haven't closed off our going concern issues.
If there's a cash raise done (and I hope not) then anything less than 16p is a failure. If more director bonus awards are handed out then they have to start with a strike price/base price of 20p minimum.
Be careful of lower bars being delivered and then news delivered. It's not a sign of success. It's a sign of rewarding poor performance.
The sp would have to be 25p+ again for me to be remotely ... 'pleased'. So when it gets there again... I'll happily pat Scott and Bob on the back.
Sound fair?
Oh... and lets not forget the biggy
CGP merger terms with SOLG... not pleasing!
Bob's huge commission on fuding deals with Osisko and equity raise.... not pleasing.
But guess what... Bob's quit happy. He made $5m to 10m out of that didn't he??
I was happy to move on (like I said a few weeks ago) but anyone wants to blow smoke up Scott's @rse for this pi55 poor show needs their head checking.
Not news Fort, everyone has had their hands I the solg coffers.
They cannot be responsible for the general market down turn.
Your trying to stir it up again.
Suggest you head to your covid bunker and put your tin hat on for a couple months.
After you can come out and praise Scott and Co for getting this across the line.
Darrels PFS release did not get the SP jumping to 41p, it jumped before it was released and went down there after.
Fort do you really think if anyone else was in charge the share price would have stayed strong? It looks to me this was destined to go down no matter who was in charge.
You and BBG are on another planet, Redknight too.
I'm not stirring it up again. Like I said to Addicknt a while a go... time to move on.
But then a post arrives like this... "Anyone calling for his head a couple of months ago must surely realise they got it badly wrong?"
Sorry... but that's stirring the pot is it not?
We are where we are... there's no need to play hindsight games or try and blow smoke up Scott or any other etc. It's now about getting this sold or monetised in a swift fashion.
No happy clapping or back slapping should be going on until we get back to 25p to 30p levels.
And yes.. market backdrop not ideal... but there are ways to navigate that rather than just throwing the sp to the wolves which Scott and Bob did.
So lets ease off the back slapping as we are 8p levels today and that's a horror story for many.
Fort I didn’t mean to stir but for many months pre the AGM I stated Scott was doing a good job in very difficult circumstances and was largely shouted down for doing so.
Now with the successful delivery of the updated PFS, the revised IPA , hydro-solar proposal and a decent funding package seemingly imminent without further dilution I feel somewhat vindicated.
Let’s agree to disagree
Fort, my own feeling is that you've never properly understood what he's been trying to achieve and how much was involved. Anyway, the plan is now unfolding and the past couple of weeks have demonstrated the great work he's been doing. However, as you say, time to move on and thank heavens he's in the chair and not Mr Hubris himself, Nick Mather.
DBW,
Happy to agree to disagree. But you haven't seen the funding package yet have you?
And this is my point... I think you are jumping the gun a bit.
Remember, one of the main reasons why the sp is sub 10p is that the market does not believe your views. The market is telling you that Scott and co have lost credibility... delivered zero on the SR etc etc etc and driven the business into a scenario whereby the market can punish them hard and that's due to less than 3 months cash left.
I'm happy with the PFS... happier with Noboa and his pro mining moves. Happy that we seem to be nearing the end. But I am very unhappy with how we got to where we are today.
That's it from me. Until we see Bob's master plan and SR revealed, the market will simply choose the option to mark down and mark down hard.
Good management teams know how markets work and they ensure the market knows what is going on. They need to clear up the Strategic review issue and promptly as that's been embarrassing and made us look WEAK.
In Oct Caldwell bought almost 800k shares. That's a fair wedge of an investment. I'm sure SC knows what's coming down the line
When he set his options at 17p... I think he knew what was coming.
I thought they were cheap at the time and they were indeed cheap and still are cheap.
Hence any further bonus awards (not that there should be any) should be awarded at sub 17p.
I'm sure all agree on that one.
“Remember, one of the main reasons why the sp is sub 10p is that the market does not believe your views”
I’d disagree, I’d say the reason we are sub 10p is largely because no one realised the state we were in whilst DC was scuppering the ship . Had we known the price would have been in the gutter long ago.
Scott I has largely stopped the bleeding as has put us back on track . These things take time and he is proving his worth now.
It’s called seeing the bigger picture
No one knows what the funding package will look like but I’m fairly confident with every update our options are widening
Your tune clearly changes with your exposure and always has done
Dbw you can add that market sentiment seems to be changing and and some money coming back to miners.
A couple more months of this with a rate drop and we should hopefully be back with a decent mcap/sp.
Surely last chance for someone other than the Chinese to make a play for us?
The threat of funding looks real.
Smickster
Funding is needed, we all know that
But why should it be a threat when the right funding could equally remove many doubts and set us on a much firmer footing whilst also removing a chunk of vulnerability to boot
DBW, my exposure has increased not decreased. I'm happy to add at these levels and have been doing so.
But I'm not ready to do any back slapping just yet but I believe in the asset's worth and I think we are all aligned on that one. So lets focus on that. The management team are what we have right now and that's that.
When I say threat, I mean to anyone who may have designs on casacbel.The threat of our new director pushing this into China's hands looks more than a bluff this time
And no sane person would invest in a management team they had no faith in ….. had I known what DC was up to I’d certainly have sold a chunk if not all at the time
I did warn at the time Darryl was a bhp stooge but was shot down by the usuals getting excited about the next Ronaldo signing as per (none more ridiculous than that useless finance woman who lasted about six weeks!)
Sadly I didn’t heed my own advice and get out