Member Info for Ortherncopper

I was hoping you could tell us

Even Ghandi as company secretary must have been taken aback by the unrest

Or the 55p by Friday

Its been incredibly easy to mock the board over the last 18-24 months.. I have endlessly.... I have posted many times, poking at the competency levels of our management.. but today is actually a sad confirmation of it all. I never truly thought they could destroy value this quickly, by such inept handling of genuinely world class asset!

there can not be one person on this BB that thought post PFS, post investment protection agreements etc we would be driven in to the rocks by our board, and our share price would be around 14p.. and there will be those that still try to defend them and their track record... This has nothing to do with Covid 2 years ago, Lassonde curves or any other excuse.

To not raise funds everyone knew we needed, quickly as the worlds markets showed signs of slowing, is a mistake that should cost management jobs. If that means Mather steps back in Fort.... even though I dont like him, lets get him back in...

I believe we will probably end the day close to where we opened, but that is no victory.

Our board need to just get the pfs and porv news out and finally accept they are totally out of their depth when it comes to trying to compete with Tier 1 mining companies, and announce strategic change with intentions to monetise the asset immediately. To release those news items without any form of supporting funding path would be just woefull..

The next RNS could be Darryls resignation

Our board are magnificent

Beyond criticism
Working away diligently for shareholders best interests
Have proven their excellence year after year

Some will actually vote them back in

This share is not being artificially suppressed.. it’s just no one is currently interested.. even at these prices, the big boys won’t touch it until our board clearly show a funded way forward..

Only people buying are Redknight and his mrs.

is that Darryl in the middle of the image, bent over waiting to be shafted

I don't think there is any subterfuge or clever machiavellian scheme going on.. this has been suggested at every point where the share has collapsed over the last 3-4 years..

we are holding back amazing drill results to release just before the AGM...
we must be holding back amazing drill results as part of our take over defense....
we have the best hole ever drilled... we are just not announcing it yet...

this is the sort of positive reinforcement of mad ideas simply because we are invested here, and want it to be true..

Our board are clearly not taking in part of some grand masterplan, which involves trashing the share price for the greater good! they are just inept.... and at every opportunity have refused to generate the funding, that EVERYONE knew was needed for later in the year, while the share price was in the 30s..

Well it’s q4 next week… it’s been a long wait… and I’m expecting the RNS for either PFS or Porv in October. Darryl and the board must deliver something before AGM, and must be seen to be capable of hitting milestones.

They also have to address our funding path to DFS.. If they disappoint again by releasing the PFS update, without clear funding to DFS, the market will simply give another shrug of the shoulders to our news, regardless of how large an increase in NPV they attribute. If there is no funding news, then Solgs traditional spike and immediate sell off will occur.. only this spike will not get over 30p

The terms would be worse this time as everyone involved in the industry knows we are desperate for funds… Nice one Darryl

'The BOD need to do better with the funding plan..... we are using sticking plasters to get from month to month.'

Our board are better at kicking the can down the road than a 12 year old Brazilian in the favelas... its their tried and tested method

I struggle to see any significance to this RNS… there is no information in it…

To me this smells of a desperate need to release an RNS containing something, anything, to be seen to be releasing an update… very odd.

There is a CEO presenting with a relaxed confidence Darryl could only dream of

http://www.solgold.com.au/wp-content/uploads/2020/01/SolGold_Corporate_PPT_2020-Jan-22_FINAL.pdf

you only have to look at p16 of this presentation to see how its impossible to believe Solg can and will hit their milestones..

We are 2.5 years behind schedule just with the PFS!! No one of sound mind could truly believe Solg are capable of going it alone

Id like to think its possible... I cant see Mather being happy to let his holding just wither away..

Solg simply HAVE to get the PFS update out and immediately announce their intentions to monetise.... (Im hoping this is agreed already with CGP hence their silence) They clearly cant carry on like this.. with delusions of going it alone in a world of tightening finance markets..

The market has zero belief our board can take Cascabel forward. Our track record of sliding timelines means its absurd to believe Solg can bring it online, on schedule and on budget... you only have to look at previous presentations from 2 years ago to see how far its all slipped.. The completely inevitable cost overruns of construction would bankrupt tiny Solg.. you only have to look at Oyu Tolgoi to see the experts get it wrong... and when it goes wrong on giant block caves the extra costs run to billions!

I dont see BHP or NCM making a bid any time soon, as much as we all hope it will happen. BHP are more likely to bid for NCM before Solg. I think BHP are happy to let Solg just sit on the side and wither knowing they could in theory, step in at any point.. when Solg end up in trouble.. no rush for them..

Just get the PFS out and monetise it!!!

to doubt is to sin

bear witness to our bakery and 800 local staff and worry ye not

our progress in all areas is beyond criticism... ye shall not doubt him

All hail Darryl... he hath bestowed upon us such excellence, since blessing us and agreeing to his modest salary..