Member Info for addicknt

Why would he do that? We've been told all parties are working towards an agreed outcome, so why would Sangha rock the boat by kicking out an NED who is no longer in charge?

Eloro, in which case forget about Solg for a while and enjoy the time with your friends in the wonderful city of York.

BBG, if I'm reading you right, and despite the fact they were instrumental in raising 750m, you're suggesting we bin them?

That wouldn't just be a case of shooting ourselves in the foot, it'd be more like blowing the whole thing off with a shotgun.

BBG, we know it's their wish to sell either Cascabel, or the entire company, but it seems they've come to understand the best way to do this is to support the strategy of de-risking the company as far as is necessary, and subsequently being able to market it as a turnkey project. My guess is they're every bit as anxious to realise value as we are- after all, they're an investment bank, not a miner.

Incidentally, prior to the fund raise I recall the chatter on here saying they were being lined-up to buy the old CGP shares on the cheap. Well, that didn't happen, did it.

It's crystal clear. They are advising us.

They are a professional outfit and both parties are obviously perfectly happy there is no conflict of interest.

Eloro, what a strange post. The other day you said you now understood the direction of travel and had come to appreciate the work SC has been doing. You sounded happy and relaxed.

Here we are a couple of weeks later and you're back the same old message. What's changed? It's not even Autumn yet and here you are being blown all over the place like a fallen leaf in the wind.

We are the client. We pay their fees and we are the entity which will pay an awful lot more in fees over the coming years.

Fort, I suppose most of us share your frustration with the lack of exploration, but cash preservation was of greater concern. Obviously, the 100m doesn't give us any cash for exploration either, so we must assume an announcement dealing with this must happen soonish. After the summer?

So, you're now claiming you predicted yesterday's global sell-off. Good heavens, we have Nostradamus posting on the board!

Your actual claim related to movements on the day you posted and it was a falsehood. You said there was a very wide spread - there wasn't, and your statement was proven to be utter BS. You tried to deny it, but achieved nothing more than making yourself look even more stupid - something I didn't think possible.

Naturally, you don't deny your other claims because you can't - they're there in black and white and again, are total BS.

As for your claim that you know what someone's holding and average is...what complete garbage. You haven't got a clue.

Every time you post here you expose yourself as nothing more than an uninformed idiot whose agenda is crystal clear and it's not working.

Nearly nine months since Twigger resigned and we still haven't appointed a new chairman. We have a raft of new NEDs - there are six in total and only one exec board member - but no one performing the important task of chairing the business.

I guess someone must actually be chairing board meetings and doing things such as approving director purchases, but who's doing it?

So the two questions which arise are ; why haven't we appointed someone, and are we actually looking?

Btw, I'm not drawing any conclusions, but it does seem quite an odd situation.

The idea of you trying to take the moral high ground is bloody hilarious.

Let's have a quick recap of your 'errors', cough, of last week.

You told us a large spread was indicating that there was a sell-off was underway. The spread at the time was sub-1%, and there was no sell-off.

You told us that no analysts covered this stock. The truth is 6 actually do so.

You implied Ecuador didn't have any decent mineral deposits and companies wouldn't invest as a result. This of course, is total nonsense.

The other truth is that you know very little about this company, mining and the market and yet you have the brass neck to warn potential new investors to do their own dd when quite obviously you have not.

Novice, given the director purchase last week, it's unlikely we'll see any 'transformational news' for a while, unless we receive an unsolicited approach, which, in my opinion, is also unlikely.

Indeed they can find the money, which explains why numerous companies, including the Chinese, are investing. And I think it's fair to say financial institutions don't commit 750m unless the minerals exist. Perhaps you've forgotten that Cascabel is the 5th largest undeveloped resource in the world?

One thing I'd love to know is how much the fees were and how they were structured. I guess we'll get an idea in the MD&A. 750m doesn't come cheap.

Bozi, CS would have been heavily involved, but the relationship is between Sangha and both Osisko and Franco. Bear in mind, CS wasn't on the scene when the first facilities were agreed. However, over time it's the CFO who, in the main, maintains the relationship.

That's certainly true.

Is this the same Hubris who told us without equivocation that BHP had put up the 10m?

Sangha put together the first FN package and did so again this time. It's his relationship, and it's difficult to see what NM had to do with it.

As for the de-risking, everything non-financial is SC's balliwick.

Eloro, agreed, although it should raise the country profile and provide further evidence of government support for mining in general.

These tend to be the type of investor who expect an RNS every other day.