Member Info for Ortherncopper

I am on a downer today you are correct Bozi... and have probably posted more posts in the last 2 weeks than i usually do in 2 months... so I will refrain a little... Frustrated, and sent an email to Twigger, Caldwell et al, to ensure they know it.

lets hope that worm does turn and soon... but I am starting to think they have nothing to offer investors in regard to monetisation... they may have simply failed.. their bluff has been called and they seem to have no plan B..

Scotts plan to offload the treasury shares to bank 30 million not looking very likely now... Good job Scott

I am bearish on Solg .... but Christ Paddyboy... Even I dont think we are a penny share down the line..

Barrick CEO interview at 6.00pm on CNBC if anyone is interested in his comments.

OK DBW fair enough... but I find Reds endless fantasy scenarios are dangerous to any newer investor who has not followed the Solg story as long as others have..

Any impressionable investor, who may read his posts and be taken in by his constant £1-2 pound valuations, hyperbole and out of date copy and pastes articles, need warning... he is a fantasist at best and at can be dangerous to your finances..

All the share price jumps happened when we were an exploration company, drilling and finding nice results...

Not after we were mothballed.

Clown....

Whos paying more than double current share price for Solg shares?????

The last time Solg sold a block to Jianxi, it was at a discount to the price at the time... why would they now pay double the price???

you are a fantasist...

There is no interested party... the directors can buy shares. nothing is happening.

600k secured by 15,000,000 shares, values those shares at 4p...

If the ggp development this morning illustrates anything, it’s that even with a super major developing the mine, it’s inevitable it will hit issues, delays and extra costs along the way.

The idea that Solg think they can/could fool people in to believing they can develop a block cave mine themselves…. With this management… and could manage the cost overruns and delays, is and always was laughable.

We can’t even decide on a strategy/plan to move forward after nearly 12 months. Salaries for the boys for as long they can string out the strategic review…

For what it’s worth, I think GGP will be fine..

It’s also about jurisdiction and stability..

Metoooo,

Because the more this management continue on this path, the more value destruction takes place…. The longer any suitor leaves it, the more desperate Solg become.. They will be more desperate in the new year when he CEO and others are voted out in December, and the question of funding, to be able to continue, becomes more pressing… why should they bid now if they will clearly be more desperate early next year.

I cant think of a single reason why anyone would choose to vote for Twigger.... every one of them needs firing!

Currently the treasury shares wont raise enough to cover Scotts expenses

So again.. I would really like someone from Solgold to point to what they have to show after burning through the 50 million Osisko funding? Where did it go? what did that funding achieve.. Every one of them needs firing.

I understand that Fort... but focus will have to move to fund raising before June... or we end up in another scenario that Darryl put us in.. down to the wire and desperate for funding..

It would be poor, very poor management indeed, if our board had its head in the sand and hoped the funding would just appear.. It needs to be in place well before June. So we only really have a matter of months.... and that will pass before we know it.

Https://www.theguardian.com/australia-news/2023/oct/18/mt-isa-copper-mine-to-close-glencore-mines-1200-mining-jobs

The fund raising that will be required in the near future is becoming a real concern at these levels...

I never thought id say this, but the best option may be to try to do an additional royalty deal. Which is a problem, as any extra royalty deal just makes the asset less profitable to any suitor, so more difficult to monetise... catch 22..

Any major mining company I imagine, is now just waiting Solg out... watching it collapse on its own mismanagement, before it picks it up from the Ecuador government who demand progress..

He is the CFO of a listed company... he may be young, but he is no peasant.. To me it showed a lack of genuine belief in any financially positive outcome in the current circumstances.... and he has full knowledge of what, if anything, is taking place.

The increase in volume is an interesting one.. but its only a small increase in the grand scheme of a share with 3 billion shares.. my guess is a midsized investment outfit, that never came close to a obligatory notification, throwing the towel in.

The director purchases where very small fry..

The purchase by Stackhouse was laughable.. almost like he was instructed/encouraged to buy some by board members, with the sole aim of helping sentiment, but he couldn't bring himself to actually invest any decent wedge... With him knowing what he knows behind the scenes...... Reading between the lines, (which is all we can do these days), that was hugely telling to me, and quite a concern with the state of play behind the scenes... Our board are trying to monetise this asset ASAP, and he couldn't bring himself to invest more than a few grand on the outcome....