Member Info for Ortherncopper

I Can agree with almost all of that too… except talk of 50-60p..

I had hoped over the last couple of years that any sale of Ensa or Solg as a going concern would achieve north of 50p…. We were never getting anywhere near or over £1…. That was just people dreaming after years of Solgs hyperbole chuff…

But we are where we are now…given we canned the Porvenir PEA just as it was due to be released and had high hopes for… given we shelved the PFS addendum, probably because the financials were not what we hoped for, timed with global economic factors making financing costs more expensive, and given we had to raise recently at such low prices, meaning there will be circa 3 billion shares in existence now.. compared to the 1.7 when BHP arrived… I could go on… given BHP opted to go for Oz… there are many factors pointing to a rather disappointing end to the Solg Cascabel story… but for me the refusal to release our studies recently is a big blow.. My concern is our asset, just isn’t the golden egg for everyone to chase that we all hoped it was.. Osisko and Franco know someone will eventually develop it… but they don’t care how low it is sold for, or how poor any final deal is for Solgs shareholders.. they will make their money.

I do believe Maxit etc don’t give a stuff how low our share price is right now… as any deal struck in the high 20s can be sold as a success…. doubling of the share price at the time… early 30s.. even better achievement. Long termers will be disappointed but the deal makers will spin it as a great achievement given global factors.. and they will get their fees…

Obviously we all had dreams when we repeatedly hit 40p and above… we swallowed all our boards guff because we dared to dream..

I sold a large chunk of my holding on the day the PFS was released, as it came with no plan or finance in place… of course I should have listened to my brain rather than my dreams and exited fully there.. I never for a minute thought we would be sat at 14p post PFS and announcing intentions to monetise.. all be it far too late in the day.

Such a shame.. we really are left just hoping Bob can pull off a deal, to at least exit at a just respectable price, having held for so long…. The lost opportunity cost of sticking here is difficult.

That’s my sentiment also…. We don’t need more rehashed pr drivel…more talk of first mover advantage… we are far beyond that now.. the market is totally ignoring it, and rightly so.. we dont need a corporate presentation painting a rosey picture.. we need a firm, clear explanation of the SR results… We need crystal clear next steps to achieve monetisation… no obfuscation just clarity.

But we won’t get that.

HH is just some random on twitter JG...

a 20% drop in a month... when nothing happened, is bad even for Solgold.... I mean we drop... we always drop on no news.. but a 20% drop from an already incredibly low price on no news......... our board deserve all their salaries, expenses and options..... first class operators

our management can not deliver any of this and the markets know it.... they also seem to doubt our ability to get our act together and offload it at a profit

we are supposed to be over a year in to the construction of the mine according to that

Red

'You cannot honestly think that Nick would accept anywhere near 30p...or for that matter the CGP Directors who said CGP was worth $12.50/share'

If that is all that is offered they will have no choice....

Continuing themselves is simply not seen as viable.... the market has no belief in Solgs ability to progress the asset... non at all... and why would they... they fail to deliver at every milestone, and have got nowhere. Nobody genuinely believes this set of management could deliver a giant underground block cave in a risky jurisdiction, with no income to pad any inevitable overspend....

They will accept 30p if no better offers are around.. the alternative is endless dilution, delays, government change risk and Sirius....

http://www.solgold.com.au/wp-content/uploads/2020/05/SolGold_Corporate_PPT_2020-May11_website.pdf

page 25 of the above shows our total lack of progress perfectly

But will it be Bad news? …. Or good news?

Given the seeming lack of better offers than the 16p achieved at the recent raise... I will be very happy if we can achieve a monetisation event circa 45p... but i doubt we will

when asked on the other board about the newcrest bid news

'It was clear the past 1 year plus that Newcrest was getting pretty screwed up and there was zero chance that they could move forward with SolGold. Prior to the takeover bid, they had an interim CEO, and other interim senior executives. When this happens it telegraphs the company is for sale. So no surprise it may get sold. What happens to their block of SolGold shares? I don't know. '

DBW why are the markets totally ignoring the worlds worst kept secret?

Things may not be as rosy as we hope/have been told over the last few years..

the only point i was making re GGP was not anything to do with the assets.... it was purely regarding managements communication over there... they are night and day different to solgs communication...

Solgs investor communication has been risible for the last 3 years... utterly woeful!!

There are comparisons and arguments about the pros and cons of greatland gold… but their management and investor communication is a totally different class when compared to Solgolds. Like night and day!

The longer it takes to complete the merger, the more I doubt Solgolds ability to close any deal…. Solgolds silent delays regarding certain milestones over the years have only ever been bad news and disappointment.

roses are red, violets are blue, Solgolds schedule progress is nothing new

I think we have a quarterly update in the next few weeks?? surely they will have to update merger progress before that.

more chance of 14.5p here

Red, Your starting to sound incredibly desperate… constantly reaching for any link, to justify your endless hype of our imminent buyout.. you used to post rational posts, but it’s Is just constant clear ramping these days… I really hope you are not in too deep here..

I’ve said for a couple of years Newcrest would be bought out before us… and I agree with Sharket.. Newcrests position in Solgold will not be any significant factor in the deal..

energy and mines minister Fernando Santos Clearly doesn’t understand Solgolds record when it comes to meeting schedules….