Have said that all along Arsenal58 - Argentina has issues (an understatement!) BUT II's and the like are not like most PI's - they are happy to play the long game and let's be honest, once the financial climate gets better - restrictions imposed on Argentina by its creditors will be relaxed..how long this will take, your guess is as good as mine..the facts remain, the gold is there..it won't just sprout legs and walk off to Brazil let's say. The Argentinian govt. also recently gave Marl a $600,000 tax rebate for the mine so it's not like they've tried to shaft us at every turn they could - they could have, but chose not to. That's got to count for something.
I don't think Marl will become greedy with the $6m they have - certainly not over Condor. The previous RNS & media release, GP clearly stated that a) objectives for Condor weren't met (ie; shore up the resources and get outta dodge!) HOWEVER they do believe there is something down there..all the signasl, gold, cu, silver breccias are confirming this but seeing as they haven't done it as planned it's time to de-risk and bring in a company to JV - it's better for them to get x% of something as opposed to x% of naff all??? They've done most of the hard work but now want someone else to carry the cost for something they hadn't planned for - I'd much rather that, then ploughing more of our own money into it B) again on both the RNS & media released, GP said they would be looking at JVing the project...
Marl's objectives/mission statement have always been to find a resource - and then sell it..they have no intentions of mining/getting anything out of the ground and by securing this money, it will allow them to extend their portfolio and give them a greater chance of hitting that big pay day...
The state the Argies are in with corruption and loan defaults ,make the mine there a no go for the forseeable future. Do agree a JV.would derisk this share for all involved,could be a long way off now they have secured the 6 mill though could make them greedy.
good posting , hope you keep posting it looks like it may be time for marl and solg to move up again with buyers at each share , well done to all who held marl when many sold , some times patience can pay with shares
The fact the II is prohibited from shorting is MASSIVE!!!! Trust me, I'm in an share that Drawin were in and allowed to short - messed the share price right up EVEN though the company have found and confirmed (fact - JORC confirms this!!!!) a world class vanadium mine..as and when we JV condor, this share price will double at the very least (not sure about double figures to be fair) BUT if we JV AND nail Soledad then I have no hesitation this will go into double figures..along with the confirmed (519,000 AuEq) in Argentina - no way this won't be in strong double digits!
NO WAY!!!!!! when did this happen???? (Said tongue in cheek leepo)
It's the reason this share price has shot up by 25% today - it,s fantastic news and means as an AIM explorer we are fully funded, and them some, for the next 12 months...
let's just let that just sink in for a second - an AIM listed gold/silver/copper explorer FULLY funded for the next 12months (and potentially beyond may I add, as the RNS clearly states that after 12mths, the agreement can be extended) - now how many AIM companies can says that???.
Skibba I agree entirel When I listened to GPs last broadcast I was a little concerned as on the face of it all seemed OK but I had a feeling he was concerned about something That & the sp drop to pres levels concerned me but after todays announcement I am so so much happier. An II would not jump on board if they had not done due diligence first & on top of this the the fact they they are prohibited from shorting gave me great confidence Clearly we are going to dril deeper at soledad & I feel that if as I hope a jv materialises this share could accelerate rapidly to test double figs in a relatively short space of time. What a great oppo to buy & I topped up this morning. Time will tell if that was wise as I mentioned earlier when I usually buy I should have waited If the sp drops again then I will be buying even more This time though I dont see that happening GLA AIMHO of course
Well done Bill - unfortunately quite a few of us are still a long way off breaking even let alone being in profit, some by a substantial amount...BUT one thing we all have, is faith in this share. Today's excellent RNS has only re-confirmed that belief.
I have a feeling we'll get news about a JV before the meeting, as opposed to Soledad. I have no doubts when GP sat down with our new II's they would have wanted to know exactly how Marl were planning on progressing with Condor - the drilling is complete, the results are in - this we know as fact. GP, I I'm sure would've outlined the plans going forward with it and no doubt told our II's that companies x,y & z are on the table to JV with..but are wanting to agree terms etc before announcing. Just my 2p worth but I would expect news for Condor before Soledad...
Either way, we're in a solid position to move forward now - any worries/issues with funding resolved and let's our team crack on with what they do best...making discoveries!
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