Member Info for addicknt

Fort, quite right, but bear in mind Eloro loves a good bit of panic and melodrama. Who will forget his 'cartels will take over Cascabel' observation?

Nal, how about answering my second point? Have they left the country, or not?

SH, there's another article on the BHP web site which talks about the safety at their exploration sites in Ecuador, which was written by their Ecuador exploration manager. Just so Nal doesn't blow another gasket, it was dated April 2022.

Nal, two points: 1) I deliberately referred to the date for that very reason (possibly a bit too subtle for you to understand) and 2) do you have some special insight which tells you they've changed their minds?

BBG, I agree, they most certainly don't want to miss out on Ecuador. Google 'BHP Ecuador', the first article which appears is from BHP's web site. It's dated December 2021, but is an interesting insight into their view of the country and their commitment to it.

Given they either abstained or voted for SC at the AGM, I'd suggest there has been a marginal improvement in the relationship. However, it did look as if they voted against the special resolutions, so they clearly want to keep SC on a tight rein.

Amongst other things, this failure has cemented the view held by some that Henry is no good at M&A. The structure of this deal was wholly ill-conceived and he failed to listen to what he was being told by AAL shareholders. How many more c0ck-ups will he make?

Yes, I realised it was a repeat of your post and of course I'm fully aware of your production argument. Where we disagree is your reference to 'full value'. This is such a nebulous concept as to be completely irrelevant.

If there is a bid it will be an agreed deal which may, or may not, lead to other parties entering the fray.

I also believe that the revelation of a funding package doesn't necessarily imply we'll end up producing and there remain no circumstances in which I can see us it doing so on our own. It's just not going to happen.

I think a funding package would be part of Caldwell's strategy of providing a turnkey project for other parties who may, or may not, decide to leave the funding in place, or they can refinance the whole thing with their own resources, which I'm pretty sure any of the majors would do.

Not long now for all to be revealed.

BBG, it could be argued that because they have allowed themselves to be diluted they have become passive.

As much as I wish it did, this article provides no evidence to support the assertion.

I wonder how he reaches the conclusion that 'BHP are very interested'?

David, the company has already dismissed the idea that this is an issue for the company. And yes, we could walk away from our TSX without any great difficulty.

FTJNY, quite right. It would require a bit of hassle for the Canadian shareholders, but we aren't a Canadian company and the listing is pretty much irrelevant.

BBG, interesting find, thanks for posting. I suppose his last sentence may still be technically correct, but he should have mentioned that Newmont control the shares, not Newcrest and that is significant.

Ah, 2+2=6. Another great conspiracy theory, Fort.

Btw, you're bang-on the money about the cash position. (please excuse the pun)

AngHol, excuse my ignorance, but I'm not sure I understand why that would be necessary.

I'd love to know the reason for these trades. Why would anyone bother?

Jerry, off the top of my head, no, I can't. However, I think this may be a bit different (I'm not saying we'll reach 10x, btw). The fact is the asset is woefully undervalued at the moment and consequently there's far greater scope for a considerable re-rate before a major corporate event.

Like you, I hadn't considered Glen a possible buyer/jv partner, but recent market sentiment towards copper has changed my opinion.

Jerry, it seems as if the market is completely agnostic. The current long term investors are sitting tight, but equally there doesn't appear to be much interest from new holders - at least at disclosure levels. However, surely if there was a lack of belief in the project we'd have seen some shorting activity over the past two or three years?

It's also interesting that Newmont didn't list their holding as being one of their disposal targets.

BBG, careful! Suggesting Henry has made a complete mess of it will bring down the wrath of SH. How dare you suggest you know better than Henry!

In the light of all market commentators saying he made a real strategic error with regard to both pricing and structure, I wonder if Stack has reappraised his opinion?

Incidentally, the BHP approach is already is already hostile. Come Wednesday, if he ups his price but maintains the structure, the market view is he'll fail and Anglo appear to have said as much.

SH, given your recent track record of getting things hopelessly wrong - and no, I'm not going to list them again- would you mind terribly if I didn't take your mighty predictions as gospel?