Member Info for Ortherncopper

I cannot see any scenario where we could sell 30% of Ensa for anywhere close to 700 million.. just my opinion.

I think if we do manage to hold on to any of Ensa, as a minor JV partner, it won’t be more than 10% we simply can’t afford the finances attached to a large percentage… and from everything we have read from Sangha, they want a payout, not financial commitments over the next 8 years, and so do I.

The lack of the little red dot disappoints

I’m happy reading this article… it’s been too long since our management showed any passion, any determination to reward shareholders.

But one question I would ask is, if the plan as said is to sell Cascabel (Ensa), surely slicing off a percentage of its future earnings to Osisko seems an odd decision??

Red if you read your post back, you sound those people standing outside William Hill.

Let’s hope it is…. Anyway.. for some reason I’ve posted far more today than I normally would do.. so I will leave any more till another day.. I feel like I’m just waving my fist in the air shouting at our position…

I sold a good chunk on the day of the PFS when it was released without any supporting finance information or plan.

Even at these almost all time lows, I can’t bring myself to put that money back in here.. even when many proclaim a deal is in the bag… I have no faith in our board.

When do I expect to see a respectable out point Bubble?

I honestly can’t answer that.. I have no Idea. But as I have posted previously, I never underestimate our boards inability to close a deal… it could be a long wait.

DBW, a JV with anyone other than BHP would be ok.. certainly an improvement from the glacial, status quo we have been stuck in for the last 3 years…

But I will be happy with any successful monetising at this stage…

Give me a respectable out after all the years and I can go and invest my money elsewhere. 45-55p is my guess… which when considered against lost opportunity cost elsewhere, will frustrate, but will close the door on the investment here..

Just my opinion, but the Porv PEA is a bit of a side show… Solg went so quiet over Porvenir so long ago I think it’s safe to assume it’s not what was originally hoped for.. but I won’t vote for any of the board if the fail to deliver the PFS

Who is fighting over it?

50p won’t disappoint me… well maybe a little…. But can’t see us getting over 60p.

Our board need to get the PFS out this quarter.. the full PFS is already 2 years behind schedule….. it was originally delayed due to it needing to be reworked to be more efficient. When it was released, it was released with just OK IRR figures and a caveat saying it would be updated promising improved finances. (I don’t have to figures to hand, but was in the region of several hundred million of improvements).

To delay it now, would signal to be markets the improvements promised have not been found..

It could be this has forced the strategic review.. and understandably, Irwin, and CGP and now Mather, just want an out at a respectable price now the fantasy of becoming the next major has died.

Any shred of faith that may exist for our board in the mining investment world, will vanish fast if the studies are pushed back yet again…. .. my faith in them vanished years ago.

I’ve emailed Fawzi to ask if he studies are still scheduled for this q4.

I’ve been chastising the board for the last few years… half of my posts are practically Sanghas quote . “We have wasted five years. Since 2017, our share count has increased 50% and our share price has fallen 50%”

Anyway.. finally we have some people who want to get things monetised… and quickly!! And I’m grateful for them.

And I agree.. China cranking up their economy will cause the metal prices to bite, as global inventory warehouses would be empty had it not been for their covid policy madness

I do question what our previous, long existing board members have been doing for years, and what it says about Twigger et al.. It seems like it has taken, previously considered outsiders, people who were treated almost with contempt before the merger news, to come in and get a grip of our mess..

I’d happily get rid of some of the old wood and bring in some more new.. at the AGM

I can see the threat to JV as a worm on a hook

Cheers DBW!

‘ We have wasted five years. Since 2017, our share count has increased 50% and our share price has fallen 50%’

THIS!!!!!!!!!

Finally it seems the powers that be seem to realise what us Private investors have been screaming for years…. And now they are putting their previous disagreements to one side to make some progress..

JV it is then

Cascabel and Porv…. I have a hangover

For Mather to continue exploration, IF that really is what he wants, then Solg can repackage a chunk of the regionals to a new entity… (didn’t Ingo begin to create an investment vehicle?) and he can buy that, probably with partners, leaving Solg with Cascabel and Alpala, to either sell or JV.

Cornered rat, my hole, sounds like a film I once saw….

Its comforting to know they think the same as me

The much discussed strategic review could have unexpected results..

The review could announce Solg have realised they can make more money by simply abandoning the idea of being an explorer and concentrate on what they have learned most over the last few years and now know best… Fish farms, and pastries from the bakery!

Surely we can at least turn a profit from those… and don’t require billions of outlay..