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Ann: Taronga Tin Project - Stage 1 Fully Permitted, page-560

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04/07/19

23:46

Post #: 39381901
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Originally posted by bm3121: ↑

Maher is being paid well over $1,150,000 per year for his directorships in DGR and daughter companies. He has over 35 million 60 p SOLG options which can be exercised up to Dec 2021 together with a swag of 40 p options exercised in Dec 2020 with no money laid down at all. There is a another 80-100 million of the 60 p options still to be allocated by Directors. NM has a history of allocating the vast majority to himself. Remember the last lot of 6.5c DGR options......Maher got around 2/3rds of those.....doubled his money in a day. Should a takeover occur for SOLG and I would expect a price of around 1 pound per SOLG share.....NM, and to much lesser extent the other Directors and "Employees" will make millions (nearly 80 million pounds from options alone). As indicated by other posters all the other daughter companies have collapsed in value... allowing NM and his friends to extract huge profits down the track when the time is ripe for their pickings.
AJQ can't connect and produce gas, yet have huge resource identified and ready to be transferred to gas pipeline while the rest of
Queensland is crying out for locally produced gas. Great management.
ANW still not in production because management couldn't find a crushing mill to work. Supposed to be one of Australia's largest deposit of Tin resource. Great management!
Two other companies are trading at the wholesome price of 0.001 cent per share....great management again and again.
SOLG ...... no one knows what's happening there....no drilling results for 7 months. Probably spent well over 30 million pounds but hey, don't let the shareholders know if the resource has grown/or not. No announcement as to formal takeover offer for 15% holding company and war has broken out. Interesting meetings held by SOLG directors with Newcrest and BHP hands presumably tied behind their backs. When will the BOD actually fulfill their legal obligations. No pre-warning of the civil matter which fortunately has been recently resolved....though some shareholders were able to trade with for-warned information. Maher and his cohorts of, in my view, dishonest Directors and Management still continues what they do best. Look after themselves and forget the rest of shareholders contrary to law. Every company that Maher has been involved with has collapsed in value until he builds up his own slice to his acceptable level before it returns to fair value. Then when one of them sells DGR shareholders get a dividend of just over a cent per share and at the same time the share value drops nearly 50 percent. MAHER and directors then used the vast majority of the actual profits to shore up the other daughter companies which continue not to produce anything while the directors all continue getting their combination of huge wages, plus their entitlements from "Employee Incentive Options schemes". What a joke!

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bm3121 is right! Look at the IPO’s of Navaho Gold Limited/DHR (IPO 20c), AusNiCo/ANW (IPO 20c), D’Aguilar Gold Limited/DGR (IPO 20c) and Solomon Gold/SOLG (IPO 50p) as examples. Plus AJQ and IRR, all underwater. SOLG has a world class 1 in 3000 chance find and still under the IPO price. Mather looks after mates and himself first dont forget that. I wont buy into anymore of his companies. I hold ANW, little DGR, DHR and SOLG and I regret following NM for 20 years wish I brought blue-chips shares instead.

ANW Price at posting: 1.0¢ Sentiment: None Disclosure: Held
8 Upvote

0 Great analysis

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