Member Info for addicknt

Precisely the point, Rich.

we still missing a number of TR1s?

Woody, by the end of H1.

According to this site the mis-match between buys and sells today is significant (in favour of buys) and yet the price drifts lower.
The wonders of the market!

Novice, I confess I don't understand your recent and new-found pessimism - unless you're being ironic?

I'm of the view the only timeline that matters at the moment is that of the SR - and we know when that's due.
Incidentally, did you notice the slight smirk which crossed his face when BHP and Newcrest were mentioned? Still, at least he's trying to 'improve' those relationships. Where have I heard that before?

Scrapping the barrel there, matey.

Novice, of course I accept we've all been disappointed in the past, but we've never had an SR before, nor have we had such a clear expression of intent. As I said previously, the strategy's clear, the tactics aren't.
I think you should also bear in mind Sangha's comments and Cornerstone's before that. I see these as positives, you appear to have lost your enthusiasm. Strange how people react differently to the same info.

copper, yes it was.

Orthern, we do have a clear timetable for the SR - by the end of H1.
Novice, where did you get the 4/5 years from? Why do you think the SR is being done, and why do you believe it will take that long to enact the findings?

Orthern, very good! Trump takes the stage at PDAC.

Quady, who knows? And that's where the ambiguity lies.
To quote a certain blond haired buffoon, is Cascabel 'oven-ready', or is there still a lot of work to do before we market the asset? Or are we already marketing the asset as the SR suggest?
Anyway, I take it you now accept we won't be taking this to production ourselves?

Novice, I don't see it quite that way. I feel the broad strategy is now clear, but the tactics are not.

1. We have 'sufficient information on Cascabel'. For what?
2. We will 'advance' Cascabel'. In the context of us not being 'mine builders', what does this actually mean?
3. 'We have enough in-house skills' to advance the project. This comes back to the question of the meaning of 'advance'. Do we really have enough to develop a DFS, because I'm not sure we do? Or has this now been kicked firmly into the long grass?
It was very good to hear Caldwell admit what we've already known for a very long time, but the presentation has left us with several areas of confusion, and I'm guessing some of the people in the audience may have felt the same way.
I also wonder how his statements will go down in Quito. Only last week the Minister was saying we will start construction next year, whereas it's patently obvious we will not - at least not under our ownership. Has this message been communicated to the government? Or will it come as an unpleasant surprise? Politicians don't like being made to look stupid - they can do that all by themselves- so have we run the risk of upsetting the applecart?
I enjoyed the presentation and it's extremely comforting to know we have a CEO who's rowing in the same direction, but let's not kid ourselves, there's a level of ambiguity which makes things confusing...again.

SM, the fact we had too many tenements was never in doubt. It was simply a question of how long it took for the company to acknowledge the fact.

Otherness the point is that it hasn't been said publicly by our CEO before. As such it's a big deal.

DBW, absolutely! Never doubted them!

So we're not 'mine builders'. Well blow me down! Who'd have guessed?! I think this may come as a bit of a surprise to some people.

Fort, interesting idea. It has a certain neatness about it.
Of course, the company would have to seek a new listing, but I can't see why that would be a problem.

I should add that I assume Caldwell and Mather will be keeping very much involved in the process.
Eish, by definition it is behind closed doors - it's very price sensitive. As to timing, they are examining a wide range of options, many of which are very complex, so it will take a fair while. Mind you, they've been at it since last September at least, so they must be a long way down the track. Personally, I think we'll hear something before the publicly stated end of H1 , but they've given themselves plenty of leeway, which, given our track record, is sensible.