Member Info for Ortherncopper

As at 31 December 2023, SolGold Plc (the “Company”) and its subsidiaries (the “Group”) had cash on hand of $12,835,344 and net current assets of $13,148,070. The Directors have reviewed the cash position and cash position forecast of the Group and the Company for the period to 31 March 2025 and consider it appropriate that the Group and the Company financial statements are prepared on the going concern basis. This basis contemplates the continuity of normal business activities and the realisation of assets and discharge of liabilities in the ordinary course of business, for the reasons set out below.

The Group has not generated revenues from operations in its history. Like many exploration and development companies, the Group raises finance for its exploration and appraisal activities in discrete tranches. Therefore, the ability of the Group to continue as a going concern depends on its ability to manage costs and secure additional financing within the next six months. Management’s cash flow forecasts show that the Group and the Company need to secure additional funding to continue their exploration and development programme and in order to continue to meet their obligations and liabilities as they fall due.

Don’t know if this has been reported but Solgold has been removed from the MSCI global small cap index.. due to drop in market capital making it ineligible..

14.4m

It’s almost certainly a fact they have deliberately crashed the price in order to entice a monetising event.. Watch Scot and the boys claim a great result when it goes for 25-30p.. and they absolutely will boast about how they achieved a circa 300% premium.. bonus’s and backslaps all round guys… good job!! They will praise each other’s great contributions and hard work getting it done..

Just don’t look at the fact it was already hovering around 20p before Scot and the boys took over..

Https://twitter.com/politicturk/status/1757392928761131413

Terrifying video of a gold mine disaster doing the rounds.. highlights the risky process involved in mining.. hope everyone is recovered

Salaries for nothing at the moment for the people still at Solg towers..

I hope Im wrong, but I expect only the MDA this week, with just a vague, brief non comital mention about the need to raise funds… and no further supplementary plan for the immediate term.. Solg is what Solg is..

Redknight provides his own personal RNS updates on this message board, to ensure we don’t miss out.

My gut feeling is the IPA is taking a lot longer than anticipated due to Solgold failing to meet the spending commitments of the previous one, by circa 200 million dollars as contractually obliged.. and any progress being so painfully slow getting it towards production..

The government could easily be doubtful of Solgolds ability to deliver on the next IPA… After all, they will know just as well as we do, that Scott has mothballed the business and announced that he sees no current end date to the strategy review.. they are probably as dissatisfied with our management as we are..

If Solgold are not attending PDAC, it’s more likely because they want to avoid having to fend off all the obvious questions, and having nothing to share or discuss since the company is mothballed. Their showing there would be embarrassing.

Been in the data room... analysed it all and walked away. How long has this Data room been open to potential buyers?

Wasn’t the previous PFS and mine plan remodelled by Keith Marshall and his crew, to try to make it more realistic and efficient?

I will be astonished if somehow, they missed the opportunity to mine the resource for less than half the cost.. like we have promised to now show in PFS 3.

They must have had the mining vision of Mr Magoo, if they couldn’t see the opportunities that Scott’s new boys may show, if they can release a credible, genuine method to extract for substantially less, that stands up to close scrutiny .. IF being the big word here.

There is another IF though… As in, what if Solgolds new PFS doesn’t clearly and unambiguously prove it can be mined for half the price? What if it disappoints.. what options are we left with?

The ore body is the ore body, and it is where it is, it’s not changed.. if after 3 PFS we can’t get any major to buy it or JV it with us, after they have each looked it over and kicked the tyres.. then what?

It’s just laughable to believe Solgold are capable of moving it forward profitably if all the experienced and proven miners walked away for reasons we will never know..

Https://twitter.com/aeiecuador/status/1755647106906227077

Solgold and others in a meeting.

The one thing you can absolutely depend on like clockwork, is that when Redknight publicly boasts of topping up, the share price immediately drops

Don't change the subject Red... tell us some more about how many shares you bought.

BUENOS AIRES: The National Assembly of Ecuador, the country’s unicameral legislature, on Wednesday ratified a free trade agreement with China, reported Sputnik.

“Promoting the expansion and diversification of trade between Ecuador and China, eliminating trade barriers and facilitating the cross-border circulation of goods are the goals of the free trade agreement approved by the National Assembly,“ the legislature said in a statement.

The agreement includes over 800 agreed exemptions to protect Ecuadorian industry. The agreement is expected to create more than 50,000 jobs and cover 71 per cent of the country’s exports to China by small businesses.

Following the approval by the country’s Parliament, the Association of Banana Exporters of Ecuador said on X, formerly Twitter, that the agreement would allow a 50 per cent increase in banana exports to China in the next five years.

China and Ecuador signed the free trade agreement in May 2023 after more than a year of work on the document.–Bernama-Sputnik

"We've seen enough evidence here that we are in a very strong position. Scott Caldwell has done a fantastic job over the last 12 months"

id love to know who your internet provider is.. because when I look at the share price graph for the last 12 months through my internet, it doesn't look like he's done a fantastic job.. or is in any position of strength.

There is probably so little happening behind the scenes that they have any control over… they can’t force interest, they can’t force a JV, they can’t force a sale, they can’t force the IPA to be signed by date X..

All the things they had any control over they chose to mothball. Hence the silence.

They could announce their intentions to do A, B or C going forward, announce the results of our strategy review… but the fact they haven’t leads me to believe it’s not really made the progress they wanted.

So It’s sh_t or bust now really…

Either they can monetise it somehow.. and soon, or it’s a painful raise and a humiliating reversal back to Cazubbos plan, v2.0… try to progress Cascabel ourselves while doing a little exploration.. what a total waste of 18 months that would be…

Article is from today

https://www.bnamericas.com/en/news/spotlight-3-projects-that-could-jump-start-ecuadors-large-scale-mining

We dont get much of a mention