Member Info for addicknt

get the feeling something may be about to kick off?
Obviously, there's no evidential base to this thought, but the last week or so has led me to it.

Sorry, Paddy, just noticed you had already posted this last night.

Iceberg, that was my take, but I'm no expert.

The MRE released this morning for their copper project in the Paterson range is worth a look. It seems to me that it doesn't even come close to our situation.
Thoughts anyone?

but I note RIO have issued a maiden MRE for their Winu project in the Paterson.
Although copper is their primary focus, gold is also included. I'm no expert and would appreciate people's thoughts as to how this compares with us. on the face of it, it doesn't seem to be as exciting.

Both have their own merits and are two of the most interesting junior exploration companies on the market. On that basis, it's best to be invested in both.

the past few days, the level of discussion on here has descended into farce - and this is a pity.
For a very long time, and despite differing views, people have been able to post their opinions without being harangued or insulted. The debate was measured, reasonable and often interesting. This is no longer the case.
I've been trying to think why this has happened and can only assume that, as we approach the crunch date, emotions have begun running higher. One of the consequence of this is that some good posters probably don't bother anymore, and this too is a shame.
Is it too much to ask that we move on from this personal nonsense and get back to a board which was in many ways, superior to most others on this site? Or perhaps I'm being naive.

As if certain people on this board have completely lost their marbles. If it had been a hot weekend I'd have understood it - but it hasn't.
For heavens sake, get a grip, you're making yourselves look like bloody idiots.

thedoors - no.

Surely the answer to this is to recognise that there are some similarities - financing, mine complexity, but there are also many dissimilarities. Trying to compare one with the other is a futile waste of time.
In my opinion, if you really are intent upon drawing comparisons, BCN is a closer analogy - albeit their CEO is utterly useless.

I should add, and I've said it before, I'd rather NM was in the chair than the folk from CGP and I also believe he was right to raise the recent funds in the way he did. I most certainly don't want BHP to get this 'on the cheap' and NM is right to prevent them from so doing. If they want it, they need to pay fair value.
Smickster, Citi, or someone similar, are needed for regulatory reasons (if a bid is forthcoming) and they are better equipped to deal with any approaches than are are other advisors. As an aside, I started my career as a graduate trainee at Citi (it was called Citibank in those days). It was not a great experience for me and could not stand working for a bunch of d**k waving Yanks. I only lasted a year or so.

smickster, I think you're failing to understand the nature of the relationship between an advisor and it's client. The clue is in the name. Advisors are regularly ignored - believe me, I've seen it happen many, many times.

copperpot, I certainly agree about the Equadorian thing and I have no doubt he wants to leave a 'legacy' - and there's the rub. Empire builders invariably fail. I want him to remain wholly focussed on the money; if he benefits, so do we.
I'm afraid I don't agree with you about the Citi and Board thing. Citi can advise, but he's free to ignore them (this often happens) and I do not feel the Board is sufficiently independent. They'll do what he tells them.

sunnybne, ego is both a good and bad thing . It's a characteristic of most successful entrepreneurs in the early stages of a company and is essential. These people tend to be dismissive of others and are convinced of their own opinions. Their energy and vision propel the company and motivate those working with them (provided their ego is accompanied by charisma) This works right up to the point it doesn't.
Eventually, they will make mistakes, but have become so used to getting their own way that they fail to see any of the other options and in the process they thoroughly pish off their colleagues and shareholders and create a poor atmosphere in which to work.
Over the years,I've seen this happen time and time again.
Those who are sufficiently self-aware will recognise they have become a hindrance and will either move aside or sell up. Those that don't are entirely capable of utterly destroying shareholder value.
I don't know where NM sits on this spectrum because I've never met him. But he clearly does have a big ego and I can only hope it doesn't tip over the edge to all of our detriment.

He may well be biased, but his point about valuation is entirely legitimate. If I were a CGP holder I would not accept this bid and, by the looks of it, neither will they.
Otherwise, it was interesting to note that Temple sees things pretty much as I do.

Why were you offered a price below the market? And why is this exciting?

Jerry, come off it! You and I rarely disagree, but it's not exactly a 'basket case', is it?

But you don't honestly believe the nonsense about this, do you?
Have a look at the document which was finally released recently; it really isn't technical and is easily translatable.
There were reasons for the ridiculous delay, but translation wasn't one of them.

Quady, forgive me, but your comment about translations really is stretching it.
I too have worked in environments where translations are required - it took no time at all. The company tried this excuse on shortly after the announcement of the intention to bid (which was in 200 BC, I believe) and then tried it on again over a year later. It was an utterly pathetic excuse and, to my thinking, was a complete lie.
Total tosh and it made them look fecking stupid.

Morning, Quady.
I think there may be many reasons why a bid hasn't happened yet, but as far as it relates to non-invested parties, they would look at SOLG and conclude that BHP is so far entrenched and has so much firepower, that to bid against them would be futile.
I also think people would be looking at both the CGP and NCM situation and wondering how this will play out and what, if any, opportunity this offers.
I don't know how this will eventually unfold, but I'm 100% convinced it will involve BHP.