Member Info for addicknt

Mind you, I assume it does mean every other concession will be subject to consultation, including Porv. Time to ditch most of the others whilst retaining the top 5 prospects?

DBW, thanks for this - it's excellent news.

SM, surely the point is we've retained 85% thus far, but we don't have the cash for production. In order to get that money (if it's possible), we too would have to give away a similar percentage.
GGP gave me the biggest single return I've ever had on a publicly quoted share and I count myself very fortunate...it would be great to repeat the trick here...but it won't happen if we go down the production route.

LM, I share your interest, although I'd be amazed if they agreed to a gagging order.

Bozi, of course you are right, these are worrying times, although we've been here before. Mind you, we haven't had a failed fund raise before - at least not one we're aware of. The loss of key people hasn't helped either.
As far as the funding issue is concerned, I take comfort from the fact that it wasn't due to lack of appetite, but rather it faced shareholder dissent, and it's now incumbent on those shareholders and the company to come up with an alternative and I'm certain this is being worked on now.
The other crumb of comfort is that we've not heard a peep from CGP or Irwin. Based on past history I think it would be fair to say that if they were concerned they would have gone public. (an alternative view is that they're keeping their powder dry for the AGM)
In my opinion DC will be working flat out to resolve this issue and it's only a matter of time before details emerge.

Honestly, you'd be far better off with your fellow Putin acolytes over on Poly...although I note they've gone a bit quiet in the past few days.
Your contributions here are asinine and are designed to be nothing other than antagonistic towards certain posters. If that's what you get off on, so be it.

MR, so you actually believe a pre-pack is on the cards, do you? You really are a total eejit.

DBW, what's more, some other idiot on here actually recommended his post. I can't imagine who that might be.

Talatum, total nonsense. We have circa $20m in cash.

Novice, five years of perpetual fund raising? Not a chance.

CGP are dead pleased their share price is being trashed. Their silence speaks volumes.

Jerry, fair point.

Jerry, well, sort of. The management can be the best in the world but if the asset's rubbish...

Bubble, the disparity between buys and sells today is even greater than it has been over recent weeks...each day in favour of buys. And yet the price hasn't budged.

A "local bottom"? The nearest one to me belongs to my wife and I've just checked, it's not involved in any financing.

HeresHopin, erm???

Indeed, Jerry. SD inherited the NCM position and has made a very good fist of it since then, although I remain mystified as to why NCM didn't exercise their option.

SM/Iseo, you are both right...I got my calcs wrong! Nevertheless, you understand my general point?

It's a very interesting development and great news for GGP shareholders. But bear in mind, they've had to give away 80% of the project in order to get to this stage (70+10) and were "only" raising 340m.
This is the reality of a junior funding something to production.

MF, I said 'whenever possible'. There are always circumstances when it isn't, but in most takeover situations it is.