Member Info for addicknt

NMM, he has said he was given the order of the boot because of the change in strategy - he disagreed with the move to prepare the business for sale - and I reckon he received £2m in compensation as a result.

Would he have been able to achieve what SC has? Unless he relocated to Ecuador, I think not. Our business requires a huge amount of interaction with government and the idea this could be done from Brisbane was, to my mind, plainly stupid.

Your conspiracy theories about the management helping themselves to to the CGP shares are completely without foundation.

Fort, my own feeling is that you've never properly understood what he's been trying to achieve and how much was involved. Anyway, the plan is now unfolding and the past couple of weeks have demonstrated the great work he's been doing. However, as you say, time to move on and thank heavens he's in the chair and not Mr Hubris himself, Nick Mather.

There's no pleasing some people!

Incidentally, chapeau to Q for calling the availability of funding correctly. Of course, we may not end up going down that route, but his prediction was right.

DBW, indeed. Still, the holders of 2bn shares called it right.

So we now know we've had numerous offers of finance, but so far have not chosen to take any of them up. Why?

I see, so when you said 'nothing has changed', you didn't mean it. In any event, your latest comment is still wrong. What do you think happened last week at PDAC? Was it all a dream?

Putting aside my sarcasm, this excerpt is enormously significant. Never before have we seen such a detailed description about what's been happening following the opening of the data room. And it doesn't include details of those parties interested in either acquiring or entering into a jv, which I think we can assume have also emerged.

Don't be silly, mog. No one's interested and nothing has changed. We know this because certain people on here have said so.

Q, he doesn't think things are going on in the background. According to him, nothing has changed.

Quote of the day: ' Nothing has changed'.

fomad, some time ago, when we were taking pfs2 as the base case, i did a back of the *** packet calculation of what a jv looked like. as far as i could discern it didn't look attractive.

i'm not going to repeat the exercise as there are so many assumptions involved as to render it a pointless exercise, however, regardless of which sector a company operates in, i've rarely seen a jv ending well for the junior party in the relationship. bear in mind what the ex-ceo of glencore said last year; it's the business plan of the majors to exploit the juniors.

Q, I agree, but the investment obligation is separate from any other discussions. Think of it as a liability on the balance sheet and it in no way implies anything about the ownership of the company.

Personally, I see all of the recent announcements as being part of Caldwell's determination to present the company as a turnkey project to interested parties (I know you have a different interpretation of the word 'turnkey', but we'll have to agree to disagree on that one). I also believe that the reason for this is that the interested parties in the data room have told us what they want to see delivered before they bid, and this is the work Caldwell's busy undertaking.

The past few weeks have seen a sea change in many respects - the governmental enthusiasm and commitment being critical - and we've also seen the result of many months of work by our team beginning to be revealed. It's all good stuff and confidence has obviously shifted in our direction.

Morning Q, yes, the corporate entity has committed to spending 3.2bn, but the question is, who will own that entity?

If the business is sold, the commitment simply passes to the buyer. I take it you can see the difference?

SM, exactly. Why would a major need/want us to be part of a jv? They don't need us and why would their shareholders want us to benefit from their investment and risk when they don't have to?

Q, that's exactly the problem; I have 'imagined' a jv and it doesn't look pretty.

Fort, which rules are they?

PANIC! MAN THE LIFEBOATS!

Tesla, given how much the rampers upset you and that you don't actually own any shares, surely the way to cure your acute anxiety and mental distress is not to read this bb?

They're not going to disappear and in the same way people won't pay any attention to the derampers, everyone is more than capable of not taking their advice as gospel and basing their investments decisions on anonymous posters.