Member Info for addicknt

Red, I'm not sure I follow your argument. Why would a Barrick/Newmont deal have any impact on us?

Red, Newmont? Did you mean Newcrest?

Happy to relay it?!! Would you rather bury your head in the sand? Do you think if you don't mention something it will simply go away? In any event, I did no more than mention in passing and the main point of my post, which was about Lasso and how he may address the issue, sailed right over your head - which doesn't surprise me in the least.
One last point: I have a very large holding in this company and why you imagine I'd want to harm my investment is way beyond me.

JG, you're absolutely right, as was the case with the Crux note. However, this one is different. It doesn't tell us anything new and has certain factual errors, such as 'being a subsidiary of DGR', but it does express the lengths they are prepared to go to discredit us and this won't go away.

Thanks for posting that, Pad.
I think they've got the big picture right, but their price expectation is too low...by some distance.

...wrong to embrace the environmentalists? Should he simply ignore them? Should we? Is it not a tricky balancing act?
Come back when you've managed to understand the situation.

smickster, it does mean something - it reflects the force of opinion out there which is opposed to mining and the lengths they're prepared to go to in order to discredit our company. But it doesn't surprise me in the least that you're incapable of grasping that fact.
And in what way do you disagree with the rest of my post? Do you believe Lasso would be wr

smickster, are you really as dim as you sound?

Those who are in favour of a free-for-all in the mining sector will not like some of his pronouncements but for me, it seems his approach is both sensible and pragmatic.
The environmental concerns will not simply vanish (look at that report posted here yesterday) and Lasso knows this. Therefore, it looks as if he'll embrace the considerations in a way which allows mining but in a way which minimizes the damage. I anticipate further bans on mining in certain areas and the involvement of communities will become central to all future developments. This is a good thing.
His task is to persuade the critics that mining is essential to the country's future but that it can be done for the benefit of all and I reckon we've done our best to work to these principles.
I wonder how many of our potential jv partners have decided to wait until Lasso has his feet under the table and reveals in detail how he intends to structure future mining regulations? When he does, it will set the scene for the coming years and will be a critical moment for the sector.
He has a tricky balancing act on his hands, but he'll know full well just how important mining is to the future of Equador.

There's an article in the Telegraph today about an investment from an American oil tycoon investing in Britisvolt. It describes AMTE as being a 'rival'.

I don't think either of them presented a real threat to us, but of the two, Lasso represents the best possible outcome...hopefully!

Lasso wins with 52% of the vote.

Paulus, I'd agree with you if I didn't believe that other intetested parties would be deterred by BHP's existing position. Certainly as far as Alpala is concdrned, I can't see anyone other than them owning it

BBG, I agree with you about valuation, although £3 may be a bit of a stretch.
However, and it's a big however, I think it's going to be difficult to persuade anyone to pay a decent price unless we can demonstrate that a conditional funding package is in place.
If we place ourselves in a potential buyers shoes we will know full well that the company is constantly in need of cash and although there's no reason to suspect we won't get it, past performance is no guarantee of the future. This is THE major weakness in our armoury.
If we are able to prove we can fund ourselves up to and including production, our negotiating position is transformed and a "proper" valuation could be achieved. This is the incredibly difficult balancing act the board is confronted with.
RK reminded me the other day that NM had said we'd lined-up $1bn of the $3bn needed. This was quite a long time ago...what has happened to it?
By the way, before anyone accuses me of changing my tune, I haven't and maintain my view we will not take this to production, at least not as 85% owners. It will either be sold or we'll jv it. You could easily argue " hang on a minute, if we get the funding package, why would we need to sell?" - and it's a fair question. The answer comes back to the age old argument and overriding imperative that BHP are not here for a 14% minority holding. This trumps every other consideration.

CD, why would BHP be concerned?

Bozi, I suggest you refer back to Quady's post. I'm afraid many of us get rather fed up with being described as morons and "so-called experts" etc.
If you don't like our posts, you know the solution.

"They don't like it up 'em! Captain Spaniel".

At 20:47 last evening Quady assured us that the RNS meant we are definitely going to finance and then production and that it means no bid will emerge. It did no such thing.
As I said at yesterday morning, what the RNS did actually do was prove to us that the company is now in the hands of practical and pragmatic people who are far more likely to consider all options rather than pursue a slavish devotion to the improbable. It also signalled to the market that we are a far more attractive proposition than we have been thus far. So, in my opinion, it did the exact opposite of his assertion.
The problem Q has is that he cannot see the strategic picture and fails to recognise that virtually everything released in the various announcements is of a tactical nature. He may have made a good Private, but he'd have been a terrible General.

I shall be setting up an online fund to pay the ransom money.
You can contribute at we'regoingtoproduction.com.
If we can't raise the sum demanded, £1.35p, we'll never hear from him again.

Stocks101, thanks for that useful contribution. Most of us were under the impression it was already up and running. This is why these boards are so helpful - you get some fantastic insight.