Post by
Goldy63 on Dec 06, 2022 1:17pm
Brutal News
Still zip and Capt Kirk bailing as well . This sucks after all these years. Feel bad for those that have a big stake here I really do . GLTA.
Comment by
copperplay on Dec 06, 2022 3:18pm
Why extend the warrants at 7 cents to May 2023 if nothing was in the works? If this completely dead these get canceled today in my opinion sad sad day but the warning signs have been here since day one with Jimmy. Time to put big boy pants on and find a new project or solution
Comment by
thorgb1 on Dec 06, 2022 3:41pm
You kind of would have thought they would have been working on a finding a new project during the 3 year window when they had no contact with Jimmy. This is a total management failure. Like how could they not have seen that this was going to be a disaster. Jimmy played these losers like a fiddle and got exactly what he wanted which is the whole project for himself.
Comment by
BCherb on Dec 06, 2022 4:39pm
It's because this is management's semi-part-time job, if that... do an hour or two of work every couple of months.
Comment by
ark88 on Dec 06, 2022 5:37pm
I agree. The failure here rests solely on management. Period. Poor judgement call on the party they were dealing with. It's all hindsight but we should've played hardball way back. Their failure to mitigate this risk is reprehensible. It's a tough loss for everyone.
Comment by
copperplay on Dec 06, 2022 6:25pm
This post has been removed in accordance with Community Policy
Comment by
RoyMax123 on Dec 06, 2022 3:41pm
There won't be any solution other than accept what SGE has to offer, which probably mean clearing the convertible debenture and the loan. I just hope that if they find another projects it won't be in Indonesia or other crooked Country.
Comment by
Lovethegains on Dec 06, 2022 5:40pm
They have stated they plan legal action if the deal isn't good. To me it reads that way. Now it's our turn to screw Jimmy. The longer we tie him up with legal the more chance he has of losing the PSC, forcing his hand. We are more so in control imo
Comment by
ark88 on Dec 06, 2022 5:42pm
Totally agree. As I've said, the initiative is ours now. Management should stick the knife and give it a good twist.
Comment by
ark88 on Dec 06, 2022 5:56pm
Wouldn't surprise me if SGEs call in June was related to the G20 and they cancelled after the event.
Comment by
copperplay on Dec 06, 2022 6:39pm
Ark you have challenged anyone who has questioned this management over the years for lack up updates and now you are blaming them? Give your head a shake and stop posting
Comment by
RoyMax123 on Dec 06, 2022 6:35pm
They didn't say that they plan legal action but to consider all of its available legal options. So the question is what are the legal options considering that they are in Indonesia and without money.
Comment by
RoyMax123 on Dec 06, 2022 7:00pm
Both parties have to agree to it and clearly SGE will not
Comment by
Lovethegains on Dec 06, 2022 7:16pm
If they are close to kissing off government and losing PSC, they will or may lose it.