Member Info for Ortherncopper

Yikes…. This guy sounds like one of those self promotional ‘follow me and I’ll make you rich’ kind of guys on YouTube ads… all spiel without telling you anything… he may be useful, he may even be a nice guy… but Wow he doesn’t half sound like a snake oil salesman… where did they find this pedler?

Any monetisation event, JV or otherwise will be a positive, forward development, compared to the last 12 months.. anything that creates an opportunity to exit this share, this year, at a just reasonable profit, will get my vote.

With new management, new direction, and a renewed energy and optimism about our future in Ecuador

This doesn’t sound like a company in the process of selling its assets

Rcgl, I agree.. if we do get a bid this year, my money is on Jianxi… mainly for the reasons you say… then it’s up to BHP to simply decide how interested they still are… I wouldn’t rule out a real outsider like Vale, given they are focused on South America, but that is just me hoping…

Eish, if that’s for me, Pessimistic maybe, more realistic I’d say… I took off my rose glasses a while back..

The governments role in my view is probably quite pivotal here… They could be really playing hardball behind the scenes re new agreements after we failed in such a large way (by circa 200 million dollars) to fullfill our spending commitments on the last agreement.. Scot seemed sure we would have the agreements by year end.

Hopefully, all will be revealed whenever we get the new PFS… hopefully it comes with some further outline of our boards next steps.. hopefully we get it before summer

Hope is all we Private investors have..

Eloro, I didn’t state a sale will not happen in 2024… just not in the immediate future.. the recent couple of pence jump, in my view, doesn’t mean a sale is imminent… that is just Investors desperate over speculation during Christmas..

A Monetisation event could occur, but I just doubt it will occur any time soon.. we can’t force a major to buy us… just as you can’t convince a buyer to buy your house without offering a huge discount.. after they show interest… maybe that’s why management have shown no effort to improve the share price???

That’s a pretty accurate summation there Rcgl…

It’s been the worst kept secret for too long that Cascabel is available… but here we are, still waiting, still hoping..

We are like the distressed seller of a decent house… every buyer knows we have nothing else going on and need funds… know we can’t afford to keep it.. know we don’t have the expertise to develop it.. We will never get full value unless the miracle of a bidding war happens.

Every major knows we have thrown our cards in and are desperately seeking a way to monetise what we have, after all the years of bluff and poor management have failed to get us anywhere.

Our best hope here is for interest rates to fall quickly and considerably, to make the projects questionable finances more attractive..

A sale is not on any immediate horizon in my view.. and jumps in price, currently just 2-3 pence here and there are just caused by low volume and PI Christmas boredom in my opinion.

My concern is if, when the updated PFS is released, the finances are improved, mainly by using a higher metals price to massage through a higher IRR, rather than true project efficiencies, I can see this dragging on much further… well in to 2025 even… The markets and wider mining industry players will not be impressed, or rush in to buying the asset, and our share price will not move anywhere from single figures.

Reds going to start talking £1.50-2.00 again very soon…

“ expect the worst, but hope for the best”. This sounds like it could be Solgolds mission statement.

Maybe that will be the official outcome of the Strategic Review.

The board are going to get voted down on many counts at this AGM….. it is what it is now.

What happens post AGM fallout will be interesting.. and the implications for the needed, near future fundraising..

will they be able to get fundraising done above 10p?? Seems ambitious these days… Sad.

Who is Redknight posting these messages for??

He has everyone filtered.

I can agree to some of that Add, but we are now not in any position to demand the gov speeds up our IPA, or any licenses… as we are about to fail in our investment contractual obligations on the tenement.. by circa 200 million dollars.. this is probably a huge sticking point behind the scenes.

I’d happily take a low ball price for the sale of Porvenir at this stage, if it meant we were fully funded for the next 12 months, with room for some scout drilling at the most promising tenements.

A figure as low as 50-100 million would have many here saying it’s peanuts…giving it away… but I doubt it is.. and if it is giving it away, someone can make a better offer.

any achievable sale of Porv now, given its last study was buried/shelved instead of released, would be my preferred funding option…

Our board just need to show some effing conviction and make a decision for the near future direction of Solgold…

stop with the endless ‘strategy review’ and announce a firm, route forward out of this malaise.

The Ecuador government would probably be a lot happier too!!

Bozi, it’s the transparent conjuring up of minor news, just before the AGM that has me annoyed….

We all deserve better after the last 12 months

Many here have been invested long enough in Solg to know they will not deliver an updated (shrunk) PFS as targeted in q1… It will absolutely be kicked down the road to q2 even q3 with no clear explanation or rationale.

They have no need to, they can hide behind the SR silence as some form of excuse.. and they can string out the plebs a little longer…. issue the cgp shares to themselves and their friends claiming the need for funds, and no better, non dilutive option… the problem there, is Scott’s original 30 million fund, is now not much more than 10 thanks to his management decisions.

If the board want to ensure votes they could start by stop using the endless ‘strategic review’ as a mechanism to hide behind… as a useful tool to make no concrete decisions, just coast along behind… Collecting salaries and options.

The board could offer some outline as to progress and developments of their intentions to monetise… to show investors how the culture of non performance has ended…. To clearly indicate what decisions have been made… what directions we are going in, after the last 12 months of stagnation…

Coughing up some rock samples, just before an AGM is so transparent it’s pitiful.

Solg management must think most private investors are fools… That they can suddenly package up minor details, spread out in batches, spun to look like more progress than it actually is, coincidentally in the run up to an AGM, to please the plebs, and expect us to back them again.

Some rock samples to show for a near $70 million cash spend over the year.. and now mothballed, with no indication of any plans to do anything with them.

No announcement regarding SR progress or decisions made, no solid ambition to progress anything…. No Joint venture developments, no news re looming finance raise…. It’s just crumbs from a table, pushed on to a plate, to appease the dumb.

There is indeed no Jason Ward anymore… He left a matter of weeks after the £4 million miss appropriation of funds was revealed…

The markets reaction to todays news tells us all we need to know about the impact of rock samples studies… that just happen to be released in the run up to the AGM…

only easily led, private investors, bought in this morning off the back of that news.. larger investors have clearly seen it for what it is…. It’s better than a poke in the eye… but it’s no drilling exploration permits granted and drilling campaign plans..

Well Irwin himself said £1 was overly optimistic

Calm down people… it’s rock samples.. not drill cores..

Anyone that’s been around exploration companies long enough knows that rock samples can amount to nothing..

This is more lipstick on a pig before the AGM to appease the plebs..

The interesting part is using Mather not Caldwell