Member Info for Ortherncopper

My concern is our captain seems to have the same luck as a sailor as uncle Albert from only fools and horses..

The reality is we are all onboard the boat… it’s not quite sinking at the moment, but non of us want to leave all our possessions and get in the life raft just yet… the holiday look’s ruined, so we have no choice but to hope the captain can steer us away from the danger and to at least calmer, warmer waters…..

Something like that

Keep Pumping Red.... Hows that T20 looking?

Rapid development timetable….

P21 of this presentation pdf is a good illustration of how we have been mismanaged over the years

https://www.rns-pdf.londonstockexchange.com/rns/0703F_1-2020-3-5.pdf

There is no quote here Add, you can’t take anything posted by BBG seriously.. it’s just desperate ramping.. totally laughable… he has got worse than Redknight recently.

Whatever the results of the updated PFS will be, even if it’s great news, it probably won’t get us any higher than 15p.. certainly no higher than the 17p Jianxi paid.

The spike over Christmas, based on nothing and small volumes, was almost certainly just private investors with too much time on their hands. So we have slid back to where we were.. and will slowly slide again, once the PFS has been digested if it is not closely followed by further developments.

We are not drilling…

Let’s just hope we get the PFS before or close to the quarterly MDA, swiftly followed by clarity around the SR process and IPA news… We need some solid, positive developments here, in close succession, to get interest/focus back on Solgold and a price rerate should follow.. if the numbers stand up.

My reading of that RNS is it is mainly for the board shuffles…. I agree with Quady, the lack of any expected date or close timeline disappoints.

The other info is extremely vague just filler… we have our exploration team continue doing things at Blanca Nieves.. and we expect them continue to do the things over the course of 2024.. probably just a few people doing basic rock sampling..

Meh… nothing to see here really… we need that PFS..

Solgolds schedules are worthless.. it will arrive when it arrives

A mr big player like you needed a t20 for a £7k trade???

The primary purpose of the Choice facility is to enable DGR to provide funds which DGR has offered to make available by way of loan to the Receivers and/or Administrators of Armour Energy Ltd for the purposes of financing the ongoing trading and operations during the receivership and/or administration of Armour Energy and its subsidiaries.

KEY TERMS OF THE CHOICE FACILITY:

▪ The interest rate is 20% per annum which will be capitalised and payable on the maturity date.

▪ The loan is repayable on 30 November 2024. DGR may repay at the earliest on 14 February 2024 upon payment of an early repayment fee of 50% of the interest attributable to the remaining term.

▪ The loan is secured against DGR assets.

A little detail here is they have used dgrs holdings as collateral against the loans..

there are a lot of very ****ed off people on he dgr boards after they have taken out extremely expensive loans to finance the purchase of what’s left of armour after its collapse into administration….

a little detail here is he has used dgrs holdings as collateral against the loans..

dgr stand to lose all 16million dollars of their unsecured loans they owned to armour… which bizarrely mather oversaw as he was a director of both…

no wonder mather wanted to stop spending more money on drilling cascabel and get it monetised.. solg shares are about all dgr has these days..

If the numbers are not clear and beyond question with regard to an improved IRR, it’s not necessarily game over… as the asset is still there, but I think we slide down any list of priority when it comes to M&A or JVs with potential suitors if they can make quicker profits, easier elsewhere.

It’s fair to say WE HOPE the study will clearly show that our asset can be developed in stages… but we don’t know that yet. This will be our 3rd attempt to convince, unequivocally, the mining world that it can be done economically..

But we don’t have the numbers yet to prove it… and numbers that will clearly stand up to close scrutiny when analysed at a granular level, by mining experts.

I’ve mentioned before, that if Solgold are seen to be using higher metal prices, or lower grade cut offs to help improve the IRR value, we are in trouble.

When the study is eventually released I will be scanning it for those details before going back to read its finer contents..

With regard to lower capex, I don’t expect them to get it down to circa 1 Billion.. inflation will have seen to that.. but anywhere below 2 would be a result for a multigenerational mine in my opinion.

Mid Feb I think for MDA

Any PFS if it arrives in Q1 or even Q2 will be a trading opportunity… Solgs pattern is like clockwork.. short term spike followed by drift back down unless it’s closely followed by further developments.. an opportunity to average down if wanted

I dont think anyone is Judging a whole investment case in the bluster of one person.. That would be madness... its simply making the point that an experienced investor in Solgold seems to have lost his exuberance for the story.

Irwins bullish bluster for Solgold seemed to evaporate around 6 months ago..

When his CGP friends completed the reverse takeover, he was indeed all about pushing the supposed 3 quick steps to monetisation…. closely aligned with Bobs ‘fast and clever not slow and stupid’ rhetoric… the new and improved route to a monetisation event/exit point.

I have also noted his reluctance to show any bullish tones towards Solgold these days in any of his interviews.. he barely mentions them.. in stark contrast to 12 months ago…. We can only guess the reasons.

I am sure he has a far closer understanding of how things are playing out behind the scenes… and to me it’s obviously not as he wanted/hoped for..

So we have to accept we have gone from our CEO taking over through CGP and stating we don’t need to do any more studies, it’s been studied to death…. to him having to produce a new 3rd PFS and try to find a new way forward via the Strategic Review… which is currently eternal… certainly not fast and clever..

We are where we are.. I don’t expect anything to be delivered early Q1.