Member Info for Ortherncopper

Mather has sold a very small chunk of his shares every year for a charity... it cant be criticised. Its regular as clockwork.

Its nothing but waiting for permits and Agreements to be signed for the next 18 months.... This is already established.

How are they filling their days in the office?

In the last of the email conversations I had with Fawzi, he told me there has been no regional drilling since Jan 22.

Left on the shelf again….

Reds sermons are just, Inventions and fantasy scenarios .. peppered with Hubble brags and false modesty.. the man is a fantasist.

I thought Scott was quite clear in this video. And was better than his previous efforts in front of a camera.

Disappointing his muttering around the Strategic review issue were again, very vague, non specific and open ended…

From this interview, it’s clear there are no discussions right now regarding any big JV or near future sale.. he clearly explained they may entice that much further down the line after permitting and securing the land needed.

All talk of 20p by end of the week or month is nonsense.

Opening price? Closing price?..

Agreed Bozi. I don’t see any rush from super majors to buy this now..

I expect a similar deal with a copper giant re Cascabel copper reserves, to make up the bulk of the remaining costs..

Mathers got bigger problems over at DGR…

Hi copper, Add…. I can see your points…I can.. but I feel there is an element of positive affirmation in lots of these things…. Short date on the loan could be a number of reasons… guaranteed raise to repay if nothing is agreed on time would be an alternative? I’m not saying it’s a raise, just it’s too easy for people on here to choose to view everything as though it’s in Solgolds favour..

I haven’t said no one wants the asset… just that they are not in any rush to take it to give us our pay day…

the market isnt listening to any of this, any moment now we will be monetised hype.

RICH your assuming the majors are actively seeking to get our assets... they can wait us out no problem.

The days of being told we have lots of interest in the data room are long gone.... those guys have been and then left without making any offers... If they were still ACTIVELY seeking to get our assets, we wouldn't be existing on short term loans... we would have cut a deal... its a boom time for copper assets..

We have never been given any explanation for management failing to even JV any regionals.. which they stated was their aim years ago.

All we have now is our management being vague about 'de risking the asset' and nothing else.. silence is never good with Solgold.

Why?

Could be the majors see a small time, feckless management, limping along and can simply wait them out.

I agree there has to be details with regard to Cascabel that have never been fully disclosed... my guess is they become apparent to anyone that has done their tyre kicking over the last few years inside the data room...

Eloro there are clearly no new articles claiming an imminent take over by BHP... just look at the share price.

There have been many over the YEARS, on various mining sites, speculating interest, sporadically here and there.... but they have been only ever based on the fact they own shares in Solgold.. (almost certainly a bottom drawer holding for them too) like the rest of us.. not on any new insider news or developments...

Most people seem to discount the possibility of our management failing to close the finance deal, and Solgold being without a valid plan B… any silent delays with Solgold are never good news. They never have been!

Whoever Solgold are engaged with… if even, they are still engaged in discussions, they will know we are over a barrel right now with our pants pulled down, so don’t expect anything that will be great terms for us and cause a massive re rate. If the whole world knows you have shut your entire business down, due to lack of funds and options to proceed, you can not hope to negotiate anything from any position of strength.

Our management had openly stated they intended to JV some of the regionals.. I can remember Liam Twigger on stage, practically begging interested parties to come forward… this was circa 2-3 years ago, maybe more… Over the years they have failed to do any deal, with anyone, in regard to any part of our business… we need to be asking why?? How have they failed to do any deals.

All finances raised have been left to the last second, from a position of total weakness now, compared to 4-5 years ago. Why?

We need to be prepared for the continuation of the endless Strategic review… (at this stage, it’s simply a useful mechanism/excuse for management to hide behind, avoiding any explanation) Scotts vague non specifics about supposed progress behind the scenes… another can kicking loan or raise, business as usual, jobs for the boys and an eventual begging letter for the approaching AGM.

I have no belief in our management anymore. but refuse to sell up and walk away at 9p. I sold circa 30% of my holding on the day the original PFS was released… as it came without any hint of how it would be financed… oh how I wished id sold the lot…

This is just a bottom drawer share until maybe one day, it isn’t.

But talk of 60p or £1 is so widely unrealistic now.

Or the can can gets kicked down the road Solgold style... we get another short term loan, or an extension to the date and it drags on... without any explanation

I'm of the view, in most instances it doesn't matter who is in power, not much will change, as real, fundamental change requires a longer term view, not short terminism that rules our politics...

That being said... the idea of Angela Raynor representing the UK on the international stage, in any way, is appalling... a total embarrassment..

Any monetisation deal over 30p is a result

Clearly no one else knows about the rumour..... not even those in the city... no ones even trying to buy..

Awful volume for a company with supposedly big news on the horizon.

People were saying happy to hold 6 years ago Figes.

"We are working on the process of obtaining the environmental license, which is what formally enables us to begin construction and then development and finally start operations of the mine. Until the license is obtained, we estimate it will take between a year and a half and two years ,” said the SolGold executive, noting that an environmental consultation by the Government will also be necessary.

So absolute minimum of 2 years.... Bear in mind Solgolds ability to keep to schedules and timeframes are woeful.