Solgold Share Discussion Threads

[arcadian] 06/6/2020 10:14

FSA

You must have enormous amounts of fun composing your posts. Have a good weekend.

[fsawatcher] 06/6/2020 08:35

i fink peeps need to reralise a basic fact ere

ecuador gov need rev in 2025 coz they owe mean imf debt knuckle collectors billions innit

so i tell ya nows

mather gotta ave this ready by end of year start 2021 otherwise they pressure him coz bhp be ready and he not

they not give him permits if he dont give bhp the keys

that how these govs work

they give nicky boy a chance first thoughs

then they give a him a nice south american haircut if he stumble mumble bumble thumble lumble innit

[rougepierre] 05/6/2020 21:37

I think its going to be very significant to see Tenstar and DGR holdings after this issue...both Nick Mather vehicles...

Given his BIO below do we really believe he will take SOLG to production...?

I still believe he will make his mint in SOLG, retire to DGR Global (massively capitalised as a result of a SOLG takeover) and with a huge personal fighting fund from Samuel Holdings, Tenstar etc...

So watch out for the next company he takes a personal interest in...

"Nicholas Mather biography

Nicholas Mather is an Chief Executive Officer, Executive Director of the company. He is Chief Executive Officer and Executive Director, appointed 11 May 2005, graduated in 1979 from the University of Queensland with a B.Sc. (Hons, Geology). Mr. Nicholas Mather has a special area of experience and expertise in the generation of, and entry into undervalued or unrecognised resource exploration opportunities. He has been involved in the junior resource sector at all levels for more than 30 years. In that time, he has been instrumental in the delivery of major resource projects that resulted in nine corporate takeovers and over 5 billion dollars to shareholders. Mr Mather was co-founder of Arrow Energy NL (an ASX-listed company) and was responsible for the generation of its Surat Basin Coal Bed Methane project and served as an Executive Director until 2004. He was also founder and Chairman of Waratah Coal Inc. until it was acquired in December 2008 and co-founder and Non-Executive Director of Bow Energy Limited until its recent takeover by Arrow Energy Pty Ltd. In January 2012 Mr Mather and the DGR Global team founded Orbis Gold in 2006 and continued to hold a significant equity stake and board position through to its takeover in February of 2015. Previously as CEO of BeMax Resources NL (an ASX-listed company), Mr Mather headed the discovery of the company's Pooncarie mineral sands project in 1998. He has also been a Non-Executive Director of Ballarat Goldfields, having assisted with the recapitalisation of the company in 2002. Mr Mather is Managing Director and Chief Executive of DGR Global, Executive Chairman of Armour Energy Limited (an ASX-listed company) and Non-Executive Director of IronRidge Resources Limited (an AIM-listed company), Dark Horse Resources Limited (an ASX-listed company), Aus Tin Mining Limited (an ASX-listed company) and Lakes Oil NL (an ASX-listed company).

What is the salary of Nicholas Mather?

As the Chief Executive Officer and Executive Director of SolGold Plc, the total compensation of Nicholas Mather at SolGold Plc is $3,415,200. There are no executives at SolGold Plc getting paid more."

hxxps://gb.wallmine.com/otc/slggf/officer/1693673/nicholas-mather

[rougepierre] 05/6/2020 21:25

The only major miners that Nick Mather follows on LinkedIn are BHP, RTZ and CODELCO...

[rougepierre] 05/6/2020 21:02

As a matter of interest...Tenstar Trading (significant shareholder here) increased its holding in DGR by 35 million shares to 18.9% through the recent share issue...

Is Nick feathering his retirement nest in anticipation of a takeover of SOLG...?

[rougepierre] 05/6/2020 20:23

Thanks for the tip pparekh...made an initial £5k investment in REG.TSX...looks like another SOLG in the making but with a lesser number of overall prospects...

[lefrene] 05/6/2020 17:32

Looks like 64 million traded ending with what looks like a 9 million buy at 21.50p, but I guess that could be underwriters?

[pparekh20] 05/6/2020 16:31

Thanks for that lefrene

[lefrene] 05/6/2020 16:14

ADVFN, is not accurate in it's reporting of trades, it just assumes that a fraction either side of the mid-price counts as a sale or buy. Naturally by the end of the day the book will balance.

[pparekh20] 05/6/2020 16:11

Guys, just for my understanding, how has the price stayed roughly the same i.e. 21.45 Bid, 21.50 Offer, despite there being 25 million buys, and less than 7 million sells.

LT - agreed, long term hold for me too. Hopefully the new explorations will get the price moving! In my opinion I don't see the price moving till any significant news.

[pparekh20] 05/6/2020 16:11

Guys, just for my understanding, how has the price stayed roughly the same i.e. 21.45 Bid, 21.50 Offer, despite there being 25 million buys, and less than 7 million sells.

LT - agreed, long term hold for me too. Hopefully the new explorations will get the price moving! In my opinion I don't see the price moving till any significant news.

[lowtrawler] 05/6/2020 14:32

Mam fach, the key to getting any real value from SOLG is successful exploration of their other prospects. Everything has been concentrated on bringing Cascabel to production and the exploration activities have taken a back seat. This equity raise will get a couple of sites explored. If we're lucky, they'll both be huge and we can retire.

[mam fach] 05/6/2020 14:24

Haven't Barrick taken over Randgold ?
No need to bother with placing just as easy to buy at placing price.
If only we were privy to know what is going on between the scenes.
Been holding too long to give up now.

[trev1223] 05/6/2020 13:56

rp - I am not 100% sure, but I thought that BHP and Newcrest both have a person on the board. Maybe someone can enlighten us?

[lowtrawler] 05/6/2020 12:19

The Financial Review (behind paywall) are saying that neither BHP nor Newcrest participated in the latest issue.

[lowtrawler] 05/6/2020 12:09

SOLG is in my long-term buy and hold portfolio so not worried about short term price dips. Personally, I'm not expecting a price impact to result from holdings RNS's in the next few days.

[rougepierre] 05/6/2020 12:04

The risk of not buying now LT is the Holdings RNSs that could emerge with either or both increased holdings for the likes of Blackrock and DGR or even the emergence of someone like Barrick...

My average price is now bang on 20p, which is where I started in 2018 before doubling money at 40p+, selling out and starting all over again...

Between us we now hold almost 700,000...holding long and strong...

[lowtrawler] 05/6/2020 11:53

We're bouncing along at the issue price today, even with the probable support of the underwriters. Over the next few days, think we will go sub 20p.

[lowtrawler] 05/6/2020 11:40

The RNS said that existing institutions were subscribing during the offer and so BHP / Newcrest may have retained their percent ownership.

[noccer] 05/6/2020 11:33

I thought BHP and Newcrest had anti-dilution rights, so could maintain their % if they wanted.

[rougepierre] 05/6/2020 11:27

Has anybody else noticed that this issue takes both BHP and Newcrest below 15%?

While in the UK and Canada, holding 15% confers one specific right, it os not uncommon for a 15% holder to be offered a seat on the Board...

(15% or more: can apply to court to object to a variation of share class rights;)

Indeed in Australia this could be said to be the normal expectation:

"Digby says a shareholder who owns 15 to 20 per cent or more of a listed company and who seeks representation on the board, usually approaches the chairman for board representation. Such discussions are typically behind closed doors and the board considers the shareholder’s intentions and what he or she offers the company and board. If convinced the shareholder’s long-term interests are aligned with other shareholders and that the candidate is suitable, the board will appoint the proposed director and endorse his or her election to shareholders at the next annual general meeting."

hxxp://www.companydirectors.com.au/director-resource-centre/publications/company-director-magazine/2012-back-editions/september/feature-taking-a-shareholder-onboard

Both Newcrest and BHP are Oz based companies...

And if Newcrest (and BHP) are unhappy at the latest issue, or especially the Frtanco Nevada deal, would you really want them sat in the Board room during (and possibly objecting to) the detailed discussions and approval of the Financing deal?

Especially if they or anyone else has pretensions to make a bid...

Of course, having the £26 million will help us prove up four other prospects as well as Alpala, helping NM's attempt to make us 'bid proof', but I suspect like many others on here that NM has knowingly stirred up a hornets nest to either flush out BHP/Newcrest interest now or tempt others such as Barrick to enter the fray...

Finally, if it emerges that Barrick does have a stake, that could be an important component of the 'poison pill' bid defence...or would Barrick be the 'white knight'...?

Much to think about...

[dozyduck] 05/6/2020 11:11

The lesson (as with all listed cos - although pi's are slow to learn it esp on AIM) is that companies needing funding have to play poker with potential investors - who need to beware unless they're ace poker players themselves.

[lefrene] 05/6/2020 11:03

I guess one might as well switch off until mid October when BHP comes out of purdah, perhaps some value enhancing news might emerge by then, it certainly needs it!