Member Info for addicknt

anticipated, we will not be paying away any cash to CGP shareholders. A wise decision.

'the company has already built stakes in an explorer in Ecuador...', which they will lose unless they pull their fingers out.

1981, there was a great deal of suspicion surrounding BCN.
Personally, I do not believe this is happening here, but I'm afraid you're not right to say it's never occurred.

It's unlikely, but not impossible.

1981, actually it has happened. During the '80s and '90s it was a ruse employed by managers as a prelude to them leading an mbo. Both private equity and managers made fortunes in the process. Eventually the market woke up and it's far less common nowadays.

SM, if you followed his strategy you'd be better off investing in one of those funeral plans so beloved of daytime tv.

Q, I agree that there's a great deal of ambiguity. I guess what we do know - because the company told us - is that the DFSand BFS have been delayed. No new timeline has been issued. Similarly, the expression used by the company that the ongoing work is designed to 'enhance the value of Cascabel' is open to interpretation. In fact, we haven't got a clue what it really means.
Yet again, statements from the company are vague and without clarity. I wonder if they do this deliberately, or are they simply useless at producing a clear RNS?

The answer lies with how far advanced the SR is. We know it was already in progress before it was announced, but the scope of the study is extensive and clearly will take time. We also don't know if they entered the process with a clear picture of what they want to achieve (we think we do, but in reality we don't). If they did it will make life easier, as they'll be able to focus on one route only.
All we do know is what Sangha &co have said and that we're in the hands of two extremely good corporate finance teams who will be trying to maximize their own extremely large fees. By the way, the advisors will get more money if they sell something, which is a nice incentive for them to deliver what we want.

Anon, in effect the scope of the SR includes the possibility of a sale. In other words it has been announced.
The fact nothing appears to be happening is that there are now official channels through which all interests will be registered, whatever the proposition, and our advisors will be keeping a tight lid on it.

Has he been kicked into touch permanently?

but I see another Chinese outfit has effectively taken control of Kodal and their African lithium project.
I wonder what goes through the minds of the CEOs of the mining majors as they simply sit back and watch the Chinese snaffle up the worlds natural resources? Of course, further down the line they'll be the first in the queue to whinge and mither about Chinese Colonialism.
At some stage they're going to have to open their wallets and throw caution to the wind. If they don't they will not have a long term future.

Seav, thanks for the info on the short position, but surely it's far too small to have any bearing?

Once a week, copper? A quick glance at your posting history suggests you're not quite as detached from this board as you claim.
Time to get your rod out and head for the open seas. Or is it bowls this morning?

if this is old news, but BHP have just reported that they have terminated the earn-in agreement they had with Luminex at the Tarqui project in Ecuador.
I'm not aware of the background or reasons why...anyone?

NitPicker, you are certainly correct about people inflating the genius of any new recruit.

DM, when DC was first appointed I raised a question mark over his cv - I didn't think it was as impressive as some people on here were claiming. However, after his first public appearance I too thought he was a breath of fresh air and was hopeful we'd turned a corner...how wrong I was. After a while I also came to realise he wasn't the right man for the job.
So, it wasn't just RK who made the wrong call.

RK, I seem to recall you said Ingo had been your source. Given he's no longer around I can't see why you don't tell us.
I know people will say it's all ancient history, but if it's possible I always like to get as full a picture as I can. Trying to understand what goes on in this company is like a giant jigsaw puzzle which has far too many pieces missing.

Why wait? I'm sure we'd also like to know why Ingo left. Time to spill the beans, RK.

Her departure remains an ongoing mystery.

Oh dear, oh dear! How about looking at the new CEO and NED. I'm sorry to say you've completely misunderstood what's happening and if you've based your investment on your misunderstanding, I'm afraid you're likely to be very disappointed.