Member Info for Stackhigh

Hi add. Thanks for your usual, authoritative reply...

The funding announced today was an absolute car crash, but worse than that it's not even medium term funding. It's a loan. A loan!! To kick the can down the road having not managed to secure substantive fundraising. Evidently the market suspected Scott would get this desperate, but I had higher hopes for him.

B) how do you think capex fundraising would work? Do you think a company is going to give Solg the cash to build a mine without wanting a share of what you own in exchange? This isn't a charity so you as a share holder are going to have to give something up to get the cash. That's the reality, and that's dilution.

C) loaning money to a London based company is hardly a ringing endorsement of Ecuador and it's foreign/domestic policy. Let's see if Chris/Scott are for real about a backer in the next few weeks. How long will it need to take before you admit this loan is bad and that you can't get owt for nowt?

Remember how the last offtake was going to kick majors into a bid? I can nip back and find the quotes where you brainless rampers repeatedly claimed that if you like? Or how jiangxi buying shares meant we only had months to run. If memory serves that was slug/red/fort (though no doubt novice will have been jumping up and down saying numbers in a squeaky voice).

How has the market reacted to today's news? Are we flying? Or are we the same price as 6 months ago? Down 50% in a year?

Beware the desperate scuba divers telling you everything is good and it's just about to pop. They've been saying the same sh** for years, and they've topped up millions at higher prices since. This has a very long way still to run, and today's RNS was a signpost to anyone who can read this company that we're currently a bit f***ed.

Well done to those who got out whilst they could. Better buying opportunities to come. 👍

If your narrative requires you to have companies 'bluff', perhaps it is a bit far fetched. Once again, apply a bit of Occum's razor. Given the history of this company, is it more likely that we've taken an expensive loan because

A) all the stars have aligned beautifully and we're about to get a huge payout, with a massive premium to sp, from buyer who has ignored the comparatively cheap shares available to buy to date?

Or

B) Solg f***ed the funding by leaving it to late, and because there's blood in the water in Ecuador, no one came to our rescue.

We will be lucky to hold on to this concession when we start needing further loans, and the naive/disingenuous rampers here will be nowhere to be seen.

I didn't think we would be forced to the depths of an emergency bridging loans, SM. That's true. I thought surely they will get away some actual fundraising. But instead we got a fairytale about capex and a liability with an interest rate.

Embarrassingly amateurish from Solg, but not unexpected. We've been here before.

Would you like me to quote your bullishness in a year's time when we are scrabbling around to keep the lights on?

Add's attempt at satire is wonderful.

Is this loan dilutive? No. Is it worse than selling shares we previously owned? Almost certainly. If the company can back up their claims about imminent capex finance then this might be a good move. If, as I and others strongly suspect, this is just more nondescript babble from the people who bought you 'fast and smart' and 'lots of people in the data room's, then this loan a potentially bad omen for the multi-year struggle that is to come.

Let's see how the market has reacted, and if they believe Solg is on its way to riches... Just checking... Uh oh. We seem to be at 9p. Down from highs of 40p when spot prices were lower and we didn't have a PFS, let alone 3...

Just checked, and I said the next fundraise would be a car crash... We've just taken out a load because we couldn't get any short term funding away. Despite the tone in the RNS, companies of our size don't take £10m bridging loans when things are going well.

You're right though add. I genuinely didn't think they would stoop this low. I imagine you're wishing it was a dilutive raise now? Or is your blind faith in the BS Solg put out as strong now as it was 6 years ago? Lol.

Add, do you think that short term loan is a funding solution? I've got a bridge for you... A bridge loan with punishing interest!!! 🤣

I know, AIM. That RMS is the corporate equivalent of 'i have some my homework I've just left it in the kitchen...'

I cautioned against the 'new broom's narrative of Scott and Bob ages ago, but I think this shows they are comfortably worse than DC.

Also, slug pretending he blocked me because he didn't like me is very funny.

Nothing to do with me calling out his various BS about Thatcher, temperature, averages, his fictional science degree, water-powered cars... The list goes on. Funny chap. Dangerously thick, but funny.

F*** me they've had to take out a loan. This is desperate. Sorry to the LTHs. We have our disagreements but this must hurt. Good for those who have kept their powder dry though.

Lovely answer from someone who, an hour ago, offered:

"Time for you to grow up a bit".

That self awareness isn't coming any time soon, is it Add? Hypocrisy, thy name is add***nt. Got to admit you're falling short of your own lofty standards here, haven't you? Or don't you see it?

You made a definitive statement (something you claim not to do) judging the M&A efforts of a successful business leader, but you're not a know it all? 🤦‍♂️

...knows M&A a little better than our resident know it all.

Sorry, add. I know you don't like name calling. Do you have a better name for someone who attempts to be an authority on everything?

Wouldn't be the Solg BB without slug pretending he's hard. Lovely stuff- predicable as clockwork.

Just good to have add take a moment to reflect.

"Henry's trying to be too cute. He won't win with the current structure."

This from a man who doesn't make definitive statements... I think it is safe to say that the boss of BHP kn

So, to be clear, Henry understands the process better than you? Let's start there.

But I have? Do you know what I've read better than me?!

You're the gift that keeps giving. You have no concept of how you sound when you make your ridiculous claims literally zero self awareness. Ask someone you know whether a total amateur from a random internet BB should pretend to have a better handle on a multi-billion TO than the person leading the company making the TO. They'll start to guide you to some self awareness...

It won't matter what anyone reads, add, you'll always be the most correct. Promise... 🙄

Just for clarity, do you think you understand BHP's bid process better or less well than Henry? Do you think the head of one of the biggest companies in the world might know a tiny, tiny bit more than you? Or is your neighbour a more successful business person than Henry?

Great input from slug as ever. Clearly thirsty for comment after a weekend of getting his bottom handed to him.

Not a surprise that Add feels he knows the BHP deal better than the company making the offer. 🤦‍♂️🤣

Mining not popular in the polls. As outsiders we obviously all think it's the most direct route to economic growth and improved QoL. However, the narrative relating to illegal mining and damaged indigenous lands seems to have resonated with city folk, so Noboa will first have to make the social and economic case for legal mining like Cascabel before he can hope to gain political capital from any announcement. Another reason there's a long way to go here. Really hope readers here didn't believe the rampy hype at 9.3p last week... Got to wait for the dilution of the raise to clear out first (as I keep saying)

Novice has never, ever been wrong and definitely hadn't said the same thing at least 40 times before.

Not so much a 'false dawn' as 'the lights are on but nobody's home'...

F*** me slug is boring (though I'm bored WITH him, not OF him, because unlike him I'm not an illiterate tool). He sounds like Jeremy Clarkson if someone removed whatever it is that makes Clarkson marketable. We're just left with a boring parrot repeating what he reads on his incel BBs.

I see the funding worries continue to harm the SP here. Anyone figured out how Scott is going to secure funding without meaning PIs own less of the company/asset? Has his magic money tree fruited yet?