I believe that the structure of the company is wrong. We have produced nothing other than a pyramid of junior companies, that will produce nothing over the short to medium term and the sum worth of DGR is their combined value minus big time, to come up with 25% value of NTA. At the same time the same lot of directors and senior management extract huge salaries, bonus shares and option at 50% discount prices, and then able to travel the world receiving kudos that that they are so marvelous. Yes, we have started producing some gas in small volume (not commercial) and SOLG has enormous potential but 5-10 years down the track for the parent company to get any benefit for current shareholders. DGR holders do not get any real time benefit from their holdings in these companies. Company directors and management accumulate significant percentages/share numbers at times when it is advantageous to them......remember they have all the inside information and can place their orders when everything is in their favor to do so, apart from allocating themselves free or bonus shares and options. This continuous dribble of 0.065c options is a major distraction, and it is happening in lots of the other companies as well.
Another major concern is that with SOLG in that no mining is being contemplated in the short term and yes, while I expect the discovered resource levels will continue to rise, I also understand that the world economy is full of dire problems at the moment and we could easily have another major drop off in world share values again. What will happen then to SOLG ...... back to 2 pence....if we can survive, while directors etc., continue to receive their huge salaries each and every year no matter what. The big boys in town will then swoop in and pick up this company for next to nothing.....they can afford to wait.
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Mkt cap ! $14.61M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $1.588K | 158.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 185236 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 1983333 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 28219 | 0.130 |
3 | 250000 | 0.125 |
3 | 1020491 | 0.120 |
1 | 500000 | 0.115 |
3 | 99220 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 65000 | 1 |
0.140 | 393111 | 1 |
0.145 | 295471 | 3 |
0.150 | 95000 | 2 |
0.160 | 47375 | 3 |
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