Why have we still got Mather as the CEO of DGR and SOLG? He should be thrown out of both companies right now. Look at the position he has left us in. Absolute failure on both fronts. And he is still being paid until March his grossly over the top sum of $3.4 million US per year ($64k per week) in SOLG as well as the $350k p/a salary as CEO of DGR. Lets not forget his additional several hundreds of thousands of dollars from the other now failing daughter companies. All up well over $80k+ per week for his total incompetence. Through his management we are at the cross roads leading to the unknown and or ruin. The gall of this fellow when announcing his retirement from SOLG's CEO position that he would remain on as a Director is just laughable. He should have been sacked and removed from the company/s immediately. The BOD of SOLG have known for a long time this pathway was imminent......months and months leading up to the announcement, and they have allowed it to continue for the additional 4 months.
Please have a read of a relevant article concerning SOLG in a recent Master Investor's article posted on the London discussion board LSE):
https://masterinvestor.co.uk/commodities/johns-mining-journal-solgold-schadenfreude/
Quote from the article:
"...Elsewhere, the big story, which I’m sorry I didn’t have time or space to cover in time, is the disaster (whether temporary or permanent I can’t yet tell) which its CEO Nick Mather seems to have brought upon Solgold. His sin, which I hinted at a long time ago, was his refusal to contemplate any other strategy than to develop Solgold’s , (possibly monster) Alpala resource – all by Solgold’s little self. It never was feasible, if only because investors would not have accorded the value in its shares to enable Solgold to fund exploring its other prospects via reasonably priced equity issues, while waiting such a long time (at least 8 years and possibly more) before Alpala delivers any profit.
As it is, not only was that potential profit questioned a few months ago by whistle-blowing independent researcher Crux (who doubted whether Alpala could ever be profitable at all – unlike the brokers who continued to tout their absurd NPV based ‘targets’, four times higher than the shares are now) but any value has now been deferred even further by Solgold having to start a completely new and cheaper mine plan, with its updated economic analysis (PEA) that was expected any time now, deferred for another year.
So maybe Solg has been knocked down too far by a combination of unfortunate events. But I wouldn’t count on the shares being rescued by any sort of bid in the foreseeable future....
