MC makes an interesting comment regarding the Cocao link corridor between the Andreas and La India corridors being an indication of a major gold district and 'this is what the majors would be looking for' (03:15 of the presentation). Does this mean that he still harbours hopes of a total buyout or is he looking at a major doing a JV in the project, either way he looks like he and the board have a road map that includes investment from a major gold company not just the World Bank.
I'd love you to be right Bottmzup after topping up this morning ha ha. There does seem to be something going on, either a big sell in the background or something to be announced soon. I did a dummy purchase late yesterday and was quoted 33p for just a few shares, no more shares shown as sales after the quote yesterday,this morning everything is a purchase at approx. 30.75p., something's 'afoot' and it's more than 12".
Just to make sure people don't think there is a sell-off today, the 65k and another for 8.5k transactions this morning are purchases from me not sells, price too good to miss, no doubt it will drop a bit as I've purchased but in the long run a good price.
Based on the way we have raise finance previously, does a potential low percentage sale indicate that the board favour a JV and production to maximise company value rather than an early full sale after permitting. Would be interesting to see what share value the sale would achieve as I would expect it be much higher than current and possibly post permitted share price and should lead to a further re-rating.
Let's not forget that despite the anti government protests B2G are still digging up gold on a daily basis. If the government is saying business as usual I would expect some response to our submissions within the next two weeks, if only ackowledgement that they are satsfied with the submissions, if nothing then it looks like no progress until this is sorted.
I was hoping that MC wouldn't leave it until the last day to submit his technical information and would have submitted it late last week, then again, he may leave it until the last day in which case it should be in by Thursday at the latest.
Lets not forget that there is American bias against Ortega and his government and there is a lot of the reporting on both sides that can be described, as Donald would say, as 'False' news. There is no doubt that individuals have been killed and that students and the catholic church in the cities are protesting against Ortega and his government but also, having read a great deal on the subject, Ortega still has huge popularity in the countryside and a credible alternative to his government just isn't there. Gauging all the 'False' news from both sides I think that the best assessment that can be made is in the last sentence from the news report posted by Dpg, most people want to get back to peace and normality, personally, I don't see Ortega being ousted as a) he still has widespread support outside the capital and maybe one other city, and b) there is no populist alternative. Obviously, this is just my observations and personal opinion but no doubt others will post alternative opinions.
I notice that B2G's share price is unaffected by the Nicaragua news and I would have thought they would have more to lose than us if there was a government change or anti government protests by the masses, it may be that as they pay above average wages and look after the community as part of their mining operation the 'locals' are happier than most and the company expect this type of protest occasionally when they invest in a country like Nicaragua, or it could just be that the majority of their shareholders are institutions or funds who base their investments on the fundamentals, just an observation.