Member Info for Ortherncopper

Welcome Sid… we need someone of your knowledge and expertise here..

So we have announced a friendly merger with cgp meaning we now own 100% of Ensa..

We have announced a successful raise of 50 million meaning we can keep the lights on and progress towards a DFS for Cascabel.

And still there is no market interest in buying in to the Solg story… the market still show no belief in what our board are doing, or have announced they plan to do. The volume traded here, shows no significant institutional buying to secure or strengthen any position, despite so many voices on this board insisting it’s being bought out any day.

Given we have heard so little from our board regarding Porvenir over the last 6 months, Im not expecting that resource to exactly blow the doors off.. there has been no shouting, referencing or promotion of it for so long I’m thinking the board already know it’s not quite what they/we hoped it would be. I have never bought in to the conspiracy theories of Solg potentially holding back incredible announcements /news as some form of ‘defence’.. it’s nonsense.

I admit, I thought securing funding and therefore stability, all be it, not a great amount, would have pushed us further than 17/18p.

PFS update soon, but if that advanced study doesn’t add significant additional value to the NPV how will the markets react?

The markets view on The Solg story seems as weary as mine..

He is playing most people like a fiddle

Although my initial reaction to this morning’s news is positive… the more cynical side of me does think if our share price had not been driven in to the ground, by the actions of (or lack of actions) by our board, we would not have given away another slice of future value…

The news is more a relief we now have funds, and an ability to continue towards the Cascabel DFS, rather than happiness that management have chosen the ideal option from any position of strength. A royalty deal was probably the only way forward given printing hundreds of millions of new shares just before an AGM would have been suicide for the board.

So although I’m not exactly overjoyed with another streaming deal… it does give us stability, in the run up to any monetisation event that comes from the strategic review. Hopefully providing a satisfying exit point from a share I have grown incredibly weary of holding, and I’m sure I’m not the only one….

If I remember correctly, Irwin and CGP were pretty scathing in their assessment of the original Franco royalty scheme to fund Solg.

But we will probably have to wait for the sale of cgp shares. I think we can expect some positive movement this week…. It’s been waaaay too long

An announcement to begin some exploration drilling off the back of this funding would go down very nicely… one of the promising untouched license blocks would be nice.

It is a rod I guess, but I’m glad he put some basic valuations (expectations?) out there. However this plays out, we are getting closer and closer to multiple important RNS in the coming weeks. I don’t believe Solg will be bought out in the immediate future, but it would be nice if I was wrong.

Wow… can’t even say ars_ on here

I’m feeling positive we will get the monetising event I’ve been screaming for sooner rather than later with Irwin etc on board… but if I’m honest, not that positive about what the eventual price will turn out to be.. I think a lot of people on here are going to be disappointed if they keep clinging to the same values they had fantasised about 4 years ago when we had far less shares in existence and the share price was not on its ****…

I think that is good news… given it’s trajectory over recent years, the west needs to ensure it is reducing its dependency on China for future, essential resources.

Having said that, I know it’s hypocritical, but I’d sell them my shares tomorrow if they wanted to pay a premium…. It is what it is when it comes to my personal investments.

I’m hoping the perceived delay in news flow, since the initial CGP announcement, could be because a new interested party may have approached the board…. Here’s hoping.

‘ We are 10yrs down the line and the true worth is slowly being recognised. ’

Where is this recognition? The share price has collapsed to 15p and still no one is interested in buying shares… the volume is as dire as it has ever been

Lunch. How long have you owned Solg shares and followed them? Im assuming quite a while…. You should know by now our board don’t do anything quickly.. they seem to be incapable of doing anything faster than a glacial pace

The mitsui tweet seemed like an unofficial leak to me… which I doubt they will have been happy about.

Realistically, we are all going to be disappointed with what the 6.7% goes for.... gone are the days of placements at 45p, 35p, or even 25p to be honest

Who executes an ordinary trade for 124 shares? any fees involved make it an absurd choice.. Volume is awful even by Solgolds standards..

If we exclude people “on the inside" ..Even the people here, that shout its about to be bought for multiples from here, any day now, are not willing to buy any more shares at 15p. the proof is in the volume. And there are lots of small to medium sized commodity focused investment companies that are also seemingly not interested... its bizarre for such a cert..

I had hoped we could see circa 60p but I am doubting we will even get close to that..

Every mining focused investor knows about Solgold and its story... and will have followed it over the last few years... but still after the events of the last few weeks.... no volume or real sizeable interest at 15 pence....

I still hold here (Im certainly not selling in these lows) Its just no one can answer the very simple and obvious question, that holders should be asking themselves.. listening to, and taking at face value, the constant echo chamber here, of a sale happening any minute, leaves questions..

Even now, after recent news, I don't underestimate our boards inability to close a deal.. (regional joint ventures from a year ago???).

So an obvious question would be, If its going to be sold, lets say at 50-75 pence, using your example... why is no one buying as many as they can now on the open market at 15p?

The volume is still dire... even at just 15p and supposed corporate action, there is no market interest.. zero institutional buying. People expecting circa 80p- £2 are going to be very disappointed if this is ever monetised in the near future..

im not sure what green shoots he is talking about... Bloomberg have a very different view..

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Bloomberg News
October 21, 2022, 8:13 AM UTCUpdated onOctober 21, 2022, 9:23 AM UTC
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A dreadful year for Chinese markets became worse this week as expectations for stimulus measures at the Communist Party Congress were left largely unfulfilled.

The benchmark CSI 300 Index fell 2.6% this week, taking this year’s decline to more than 24%, while the yuan slumped as President Xi Jinping stood by his Covid-Zero policy, and stopped short of announcing any significant measures to bolster an ailing property sector. Meanwhile, officials spooked traders by delaying the release of key economic data with foreign investors selling the most mainland stock this week since March.

At the same time, further outbreaks of coronavirus threatened to worsen a troubled economic outlook. The authorities locked down parts of the central city of Xi’an, confining some of its 13 million people to their homes, while other major areas introduced further restrictions.

“The market is looking for catalysts, mainly in adjustments in the Covid-Zero policy and stronger support on the housing market,” said Daniel So, a strategist at CMB International Capital Corp. in Hong Kong. However, “there are no major positive surprises to drive a re-rating in China and Hong Kong stocks, and in particular consumer discretionary, property and Internet sectors,” he said.

There’s still another two days for market-positive measures to emerge from the twice-a-decade party congress, with the announcement of the name lists of the party’s 25-people Politburo and members of the Politburo’s standing committee.

Investors are hopeful that policy makers will switch their attention to introduce measures to prop up the stuttering economy once the leadership reshuffle is finalized. The CSI is set for its first back-to-back annual loss since 2011, while the yuan has declined more than 12% this year and slumped to its weakest since 2008 on Friday.