Member Info for addicknt

It's very clear they want another all equity raise and that DC has been exploring alternative routes.
The question is, how far will they go to prevent DC from achieving his wish? Or will he cave-in?

Q, erm? They didn't try to get us on the cheap; they simply got rid of Mather.

Interesting to hear DC openly admitting that tension exists between the company, BHP and NCM.
We all know what happened the last time this happened.

rcgl, you're right to raise this point - too many investors are afraid of looking at the risks involved with their investments.
The one point I'd make is that the prize is simply too big for someone like BHP to ignore. If it were only our management who were trumpeting the value of our resource it could be discounted - but it isn't. Every analyst and major is aware of Cascabel and its potential, and given the future global demand for copper it would foolhardy, to say the least, to walk away from it. (Incidentally, I'm not including NCM in this as I can easily see them flogging their holding)

RK, did you ever find out if Ingo was pushed, left voluntarily or was made redundant?

Bozi, agreed. I was merely drawing this to the attention of those who may think a jv is likely on Porvenir soon. Of course, it may happen, but I think my suggestion is more likely, particularly if we want to get a decent valuation.

Surely no one will want to do a deal on Porvenir until the PEA is available towards the end of the year?

RK, yes, but they, like everyone else, will have known an equity raise was on the cards. In fact, they will have known this is a constant process since the day they first invested.

CGP has been following us in a downward trajectory, as has DGR. However, overnight DGR rose 6%.
We live in hope.

The presence of these two should give us a great deal of comfort - they ain't about to give it away.

RK, that's very interesting, thanks.

I've seen many companies issue announcements that have served no purpose whatsoever other than to torpedo the share price.
With this in mind I'd like to nominate our esteemed management team for the 2022 Golden Clanger award.
A board of directors has one overwhelming responsibility; to create shareholder value. This lot are in the process of doing the exact opposite. If any of the more influential shareholders are reading this, please requisition an EGM with the intention of replacing this lot with people who actually know what they're doing. Or, table a motion to force them into doing what we all know is the right thing. You'd have my support.

orthern, indeed. People appeared to misunderstand the CGP situation and turned their ire on them, despite the fact it was us who launched a hostile bid.
In fact I think that bid was when the rot started to set in. It marked the high point of Mather's hubris and was a thoroughly awful deal from our point of view. Having to wait 18 months, or whatever it was, for a so-called translator made us look pitiably stupid. I actually ended feeling sorry for the PR girl who was tasked with defending that blatant lie. What a raging disaster it was.

orthern, and that announcement was over a year ago and the company has failed completely to stick to their promise to provide shareholder value. One suspects Cornerstone may no longer be so pliant.

One thing's for sure, the time has come for them to drop various oblique references and to state with absolute clarity what the strategy actually is.
Quady will argue they have - with a degree of justification, I might add, but when you have the most important board member saying something completely different, is it any wonder the market is confused?

Has anyone had anything from Fawzi, or anyone else for that matter, in recent weeks?

Well expressed, orthern.

Jerry, it was tongue-in-cheek. And I agree that they are more likely sellers than buyers.

that NCM have publicly declared they are seeking more gold exploration targets.
To save them the bother, can I suggest they have a look at their portfolio - they'll discover they're already invested in one of the biggest and we're perfectly happy to flog it to them.

sorry...1st of July last year.