Member Info for addicknt

Extraordinary that the sp can be moved by some anonymous bloke on a bb saying some Chinese fella met some other Chinese fella. Totally bizarre.

My excitement is such that I'm almost inclined to exclaim Ho Lee Fuk! But that would be crass and in any event, he wasn't at the meeting.

seems to have been a popular number this afternoon.
Incidentally, on Monday I mentioned we'd had the mythical 1 trade and lo and behold, an RNS appeared on Tuesday. Well, another single trade has also appeared today, so I can absolutely guarantee an RNS tomorrow morning...cough, cough!

To put some flesh on the bones of your argument, our peak valuation was about 900m - today we are about one third of that. That's what the pursuit of the production pipe-dream has done for us.

Q, you say the company will be explaining how to move Cascabel forward for the 'umpteenth' time...I wasn't aware they ever have.

RK, good spot RK and it makes sense.
I'm not sure you're right about the SR, although I'd love it if you were.

dave, surely the logical answer to that is you hold until the SR is produced? It doesn't seem to make sense to sell when we're on the cusp of potentially significant news.
Of course, I accept it may not deliver what we want, but I'm of the view that Sangha and Co entered this arrangement with a very clear view of where they want to take things - all they have to do now is deliver.

Monte, you are absolutely right, everything has changed.
Bearing this in mind, I find it ironic that, having been so patient for so many years, some people are upset the new regime, who've only been in place for three months, haven't yet delivered the SR and are accusing them of incompetence.
As I said yesterday, the company set itself the difficult technical task of completing a cross-border merger whilst simultaneously reviewing every aspect of our corporate strategy - oh, and raising $80m financing as well.
It doesn't get more fundamental than this and it's EXACTLY what many of us have been wanting for a very long time. Give the blokes a chance!

DM, I share your frustration, but we need to reflect upon the complexity and magnitude of what's going on and recognise these things take time.

Monte, Caldwell is on $200k per annum and Clare earns next to nothing.

DM, no, it wasn't directed at you and I happen to think they'll be looking for more than double their money.
They didn't invest 'blind' and know full well what the direction of travel is likely to be.

if any of our new pessimists have asked themselves why Caldwell and Clare ponied-up £200k each for new shares if the future looks so bleak?

Good post, RK.
Yesterday I had a poke around Google in order to better understand the methods employed when valuing mining assets. (it's not an area I've had any experience of) Far from being straightforward, it threw-up a lot of interesting stuff and I'd recommend anyone who's interested to have a look. One thing's for sure, the various metrics used can lead to wildly different outcomes.

Comforting? Most certainly not.

mogg, good spot and this is before we pick-up their $4m+ transaction fees.

No substantive news on the SR other than to say it's still ongoing. The merger has not completed yet but is expected to do so 'shortly'...bear in mind this is a Solgold 'shortly'.

at least they got the MD&A out on time.

Come on! That was only about two years ago! Mustn't rush these things.

Covgaz, you're just guessing as well.

Not exactly significant, are they RK? You keep more shares than that in your back pocket.