SOLG-NEW DISCOVERY-S.Ecuador, page-68

So now we know why SOLGold and DGR share prices have fallen over the last few weeks. I thought it might have been a premination or an act of God or even fair market forces. Obviously someone knew something because of the predictions that Solgold would reach 25 pence (from 40, down to current 27.5 pence) and DGR 8 cents (down from 14 to current 10 cents). Knowledge which would have allowed the sellers great advantage.

Of course over this same period our CEO has been negotiating another huge sale to an outside entity once again. Not even a hint that it was on the books and if I recall he keep on harping that we had sufficient money. In fact he confirms that the Board was approached by this Canadian Bank with the deal which had to be made at a huge discount (because it was in their rules before they invested in a like venture). One would think that this negotiation would have started when SOLGOLD was selling at a higher price than the current price of 27.5 pence........ Just enough time for the people in the know (i.e., 25 pence offer) to sell at the higher price to the muggins who didn't know of the OFFER. The muggins lose.....but so what!

This is after we have just seen repeated bonus shares/options being awarded to the BOD and employees, especially the CEO, as hugely discounted prices. The abuse of inside information from these guys is simply disgusting.

45 million pounds will certainly help ensure that Solgold has enough money in the bank to help pay for ongoing drilling and administration, etc., until end of 2018. Our CEO is guaranteed over $1,150,000 each and every year from being a director in DGR and subordinate companies. He can wait out because he is earning and profiting from the company now. Who cares if the average shareholder loses once again. I found it interesting that he used words to the affect: "By taking this deal it saved the Board considerable amount of time and effort in securing the money needed for funding the future costs for the expanding drilling, etc". In other words, I am so busy, being director of so many companies that pay me so very little that I couldn't be bothered in doing my job to get a better deal for the other shareholders.

Unfortunately DGR's share of the company will go from 13.5% down to around 10%, while Newcrest will be able to retain it's percentage as guaranteed in their last buy in agreement. The directors will issue more bonuses to themselves to ensure they don't lose out on their share of the company, and anyway, I am being paid to make decisions that give profit to the new boys on the block.

Too much power is being given to the few who continue to look only after themselves!