London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I think that NM would not accept less than £2 for the lot poss , for me £1.50 would be good.
Happy days. :)
on the record as said many times before , 55p.
Years ago was the last time we had a big week.
Hope the predictions in price here over coming weeks are accurate
I’d take £1 for the lot
My prediction :
Gradual increase in share price into the thirties as we approach PFS and end of BHP standstill agreement. Following both of these events, share price increasing further into the forties and reaching 50p, as speculation about a BHP takeover reaches feverpitch.
BHP bids £1 per share
All IMHO of course.
Anyone else want to put on record their penneth-worth?
When was the last time we had a big week? So long ago who can remember?
Zoros- ur wrong on many levels.
I’ll let the RNS do the talking. It’s due in 1, 2 or 3 days. Before the webinar.
Tick tock MFkrs
Sounds rotten Mr Frog, glad you’re feeling better
People forget all the normal nasties are still about, even tho everyone’s focused on the covid!
Hello BNC, hope you’re well too mate. Maybe some excitement this week? It’s becoming a very long drawn out drag, much as I’m invested in the story (in all senses!)
Thanks BNC, I am almost OK now, but it was quite a shock at the time, very sudden. Other than a virus, the doctor could not work out what it was. I had a Covid test, which was negative.
Hope ur on the mend Mr Frog
3 weeks ago I was reading the attached snippet from the magazine Locomotives International. Unfortunately, I became unwell and put it down. The out of hours doctor came out and... I recovered, luckily! Anyway here it is (my typing):
"As a result of coronavirus, the Ecuadorean state is in serious financial difficulties, and has dissolved seven state owned companies, including FEEP (the state railways), which although a great deal of money has been spent on the system in recent years, was only being used for tourism purposes, and was permanently in a deficit situation of around US$ 2 million per annum; all employees have been made redundant and it is not known what will happen to the infrastructure and rolling stock, it being estimated that preservation of the whole railway would cost around US$8 million a year."
This confirms the dire straits of the Ecuadorean economy and thus the importance of mining to get it out of the mess it is in.
The only railway which was left operating up until 2020 was the line between Guayaquil (on the Pacific coast) and Quito, 452km. It is one of the must see railways of the world (and was on my bucket list of railways to ride before I die). From the coastal plain it climbs up the side of the Andes onto the central plateau by a series of zig-zags up what is known as the Devil's Nose. Elsewhere, it runs through the main streets of several towns wild-west style.
The other major route on the system is that from Quito to St. Lorenzo on the coast, It has been disused for some years but runs through Cascabel so could be used to to take the concentrate to the coast rather than using lorries on the main highway with all the danger and pollution they create. The railway would have to be relaid. Anyway that is for consideration by whoever brings Alpala to production.
In Ecuador, as in most of Central and South America, people use long distance coaches to get around as they tend to be faster, where the roads are reasonably good, and cheaper than the trains were. Freight tends to be carried by a man with lorry, again more flexible than the railways.
Don't post often but read the BB avidly and am enjoying learning - was away on business towards the end of the week and catching up - so apologies if link shared already but an interesting footnote to end the week GLA
2) Eh? There's at least one drill going at Hueca.
5) PFS this week - agree, I put that as almost zero chance
7) 33% is correct
8) Yes, November is indeed not this week!
Plenty of upcoming potential dial-moving news flow all in all.
1) Annual report
2) Drilling results as part of the annual report No drilling going on.
3) FrancoNevada funding confirmed. FNV can't complete due dilligence due to covid apparently?
4) $2.3bn (85% of Apala) construction funding conditionally confirmed. Company funding will have to stump up $2.7 not $2.3 as CGP can't pay up.
5) Prefeasibility study as part of the annual report Not this week.
6) New board members. Already done.
7) Newcrest bid for CGP to get 33% of Alpala gross. 22%
8) BHP bid for SOLG (November time) Not this week.
Nice try though Phat :)
Why is the name 'Fly--nn'' censored?
This interview was person to person so ***** must have been in conversation with Mather
Re point (7. Would Newcrest really want to take on cgp's debt and the Sol first refusal ENSA issue??
Possible news that could be released this week:
1) Annual report
2) Drilling results as part of the annual report
3) FrancoNevada funding confirmed
4) $2.3bn (85% of Apala) construction funding conditionally confirmed
5) Prefeasibility study as part of the annual report
6) New board members
7) Newcrest bid for CGP to get 33% of Alpala gross
8) BHP bid for SOLG (November time)
Transformational. IMMINENT haha
was tipping GGP at 2p mid year so he can spot a winner..now he's tipped SOLG as we have already seen....
And quite funny at the same time:)
FACT SHEET FOR:
CORNERSTONE CAPITAL RESOURCES INC.
HOSTILE BID BY SOLGOLD PLC
1730 ST. LAURENT BLVD., SUITE 800 OTTAWA, ONTARIO CANADA, K1G 3Y7
Ticker Symbol CUSIP
HOSTILE BID DATE
OCTOBER 14, 2020 @ 5:00 PM (TORONTO TIME)
Collect Line Website
DIRECTORS’ CIRCULAR DATED JULY 14, 2020
of the Unsolicited Offer by
to Purchase All of the Outstanding Common Shares of CORNERSTONE CAPITAL RESOURCES INC.
OVERVIEW OF BOARD’S RECOMMENDATION
What is happening?
The Board of Directors (the “Board”) of Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”), upon the unanimous recommendation of an independent committee of the Board (the “Independent Committee”) and following a detailed review conducted in consultation with its financial and legal advisors, has unanimously rejected SolGold plc’s (“SolGold”) unsolicited offer to acquire Cornerstone (the “Hostile Bid”) for the second time.
The Board unanimously recommends that shareholders REJECT SolGold’s offer and NOT TENDER their Cornerstone Shares. To reject the Hostile Bid, simply take NO ACTION.
Any Shareholder who has already tendered its Cornerstone Shares to the Hostile Bid should WITHDRAW those Cornerstone Shares.
Is this a “hostile” take-over bid?
YES. In a friendly take-over, the two companies work together to come to an agreement that would enhance shareholder value. SolGold, however, initiated the Hostile Bid without the support of the Board of Directors.
Why does the Board recommend that Shareholders REJECT the SolGold Hostile Bid?
The following factors have been identified by the Board of Directors as being the most relevant to its unanimous recommendation that Shareholders REJECT the Hostile Bid by taking no action and NOT TENDERING their Cornerstone Shares:
? SolGold’s Hostile Bid cannot be successful.
? The Hostile Bid significantly undervalues Cornerstone and is opportunistically timed.
? SolGold’s track record demonstrates that it is incapable of financing the Cascabel feasibility study on reasonable terms.
? SolGold’s shares are highly illiquid and its shareholders have suffered a history of significant dilution.
? Cornerstone Shareholders would be exposed to SolGold’s suspect corporate governance and self- dealing practices.
? The Hostile Bid does not comply with important Canadian securities laws intended to protect Shareholders, including a requirement for SolGold to obtain an independent formal valuation.
? Paradigm, the Independent Committee’s independent financial advisor, has determined that the Hostile Bid is inadequate, from a financial point of view, to Cornerstone Shareholders.
? Cornerstone has a unique position that makes it very attractive for those looking to acquire cont
I have plenty of patience, been here over 6 years now.
I agree that we are close to fireworks now, there is no way IMO, in this current market that this tier 1 won't be at least party owned by a major or two by the end of the year.
Oh, and yes, I do believe Tesla may be planning something.
You can name your price if you hold a rare commodity.
I seriously believe that we are dealing with a vipers nest. All waiting for the first to strike.
The rest will then follow.
This is why there has been very little movement.
Time is ticking.
Patience and a steady nerve.
Concerns on a delay to the PFS may also be affecting the sp. NM more likely to leak good or bad news in an RNS or Webinar?? Looks like a man a year away from retirement to me. One last hurrah hopefully !!!
Orphan phase or not there is a definite mis match here with the rest of the markets gold exploration projects.
The value of what we have in the ground here is staggering, yet the market continues to virtually ignore us. This has gold, copper and silver in huge volume.
Why are we not yet being recognised?
Personally I think talks are ongoing with BHP to get some sort of JV, despite what some argue on here, this will be a huge risk taking this production on or own and I believe this is the main factor holding the SP back.
NM must also know this, as CGP’s threat is a real one re changing the board, I suspect NM will be re thinking is strategy to ensure we don’t lose this for a price well under what we are worth.