Member Info for Ortherncopper

Managements silence is shameful.

UK takeover code does not demand absolute silence, it does not prohibit general operational updates.

Our management are hiding behind that excuse like they hid behind the strategic review, like they hid behind the French translation.. they have zero respect for the plebs holding the shares..

They clearly just want to push through the deal and cash out the options

Like clockwork we have millions more shares appearing.. happening every week now.

Canaccord Genuity, Solgolds own broker, placed a 46p valuation on SolGold on August 26, 2025.

They reiterated this in November!

Solgold management need to explain why they are now agreeing to pushing through a sale at 28p..

The silence is unacceptable

All the parties with access behind the scenes must be aware of the technical/development issues with our asset Paddy.….

We just haven’t been informed of them

And yes Monte, our story probably has been over hyped to wider markets in my opinion.. I’m annoyed I fell for it and hung on through the 40p days many years back..

our board must explain why 28p is suddenly a good deal after all the hype has fallen flat. But they are hiding.

Solgold have been masters of vague obfuscations for years now… many statements are now so old, we have no idea if they still apply or if they don’t.. finance, data rooms, loads of interest… we have no idea how firm any of this ever was. We have failed to qualify for the 3rd tranche of funding and must be running on fumes and the petty cash.

I sold 25% very recently and may sell another 25% as I believe the chances of the bid failing may have increased if the like of JPM etc are to vote against.. there would be a considerable fallback in my opinion and Solgold would be in disarray again with an untenable CEO…

There are clearly reasons why we have had no bids over the years, no JVs, after so many supposedly looked at the details in the data room then seemingly walked away with no further action….. like looking at a car in situ, kicking its wheels, seeing it wasn’t quite as advertised..

28p may well be a reasonable exit price, as much as I hate to say it… we just don’t have all the information to decide… what are the reasons our management for years claimed it was a sought after tier one… and now want to push through a 28p sale? ? They bluffed for years they could take it to production themselves … some on here even believed it.. but now they have been called/pushed in to accepting 28p.. it’s crap, but it is what it is.

If the vote goes against the deal, managements position would be untenable, given they tried to push through an unsatisfactory low price deal… Dan would probably have to resign..

Deal fallen through, CEO resigned, At that point, how low does our share price fall?

If the rumours of Rio Tinto and Glencore are correct, I doubt we are on their radar… they are not gonna be bidding for Solgold.

But my guess is there have been no on the ground operations for quite a while now…. No drilling, no exploration at all, no early portal works development… nothing.

They will have almost no funds left, know they were not gonna get that 3rd tranche..

They are wrapping it all up.. they just haven’t informed us.

Takeover code doesn’t prevent basic operational updates….

Do we have any evidence of your sanity?

Evidence of what?????

In fact millions of new shares are found in existence each time they RNS a rule 2.9 announcement.

Who is getting those?

2 million shares have appeared since 16 December

I posted previously that I think our board have been overplaying their hand for years now… bluffing if you like, that they are capable..as well as totally overplaying the regionals card along the way.

But when it came down to it, when they had their cards called, they have no options but to accept the first offer that they could, in order to exit something they could never have completed… their bluster and bluff got called at 28p…

This is why I believe our management just want it pushed through…

BHP and Newmont accepting 28p I do find odd, but I accept their investment in Solgold is just small change in the eyes of a supermajor.. and they can shrug it off if they are aware of any technical difficulties I believe have shown up in the ‘data room’, that left so many supposedly interested parties walking away from it..

Quady our management should have a lot to say…. There are certain rules regarding what news can be released during an offer period, but standard operational updates do not fall in that category.

The silence only benefits Jianxi… the question is why our management are withholding so many updates for the benefit of Jianxi.

We are back, yet again, to management simply ignoring shareholders

Has anyone that has emailed our management had any responses?

Absolute silence across all operations only benefits Jianxi.

Add, I believe it’s not necessarily that something has suddenly now gone wrong…. I think our board have been overplaying their hand for years now… bluffing if you like, that they are capable..as well as totally overplaying the regionals card along the way.

But when it came down to it, when they had their cards called, they have no options but to accept the first offer that they could, in order to exit something they could never have completed… their bluster and bluff got called at 28p…

Those that genuinely expected £1 a share must have swallowed every bit of crap our management put out over the years, without any critical thinking or common sense.

“ JCC can’t buy shares in the market above 28p without having to increase their ‘bid’’ price to everyone to the highest price paid…”

I will volunteer to buy 2 shares ate 50p a share….

Samson are hovering up…. I hope they know something we don’t

I’d suggest you keep your money in the bank away from shares