Member Info for addicknt

You are correct, price sensitive information requires an immediate, or as soon as is practicably possible, announcement. However, there are exceptions to this; primarily where there is a bigger picture and a release of one part of the information may have a misleading effect on the market.
Normally, discussions will take place between the Nomad and the Exchange, whereby the Nomad will request a temporary waiver. The Exchange does not grant these lightly, as it takes the release of information seriously.
Having said that, many companies abuse the requirement on a regular basis and bend the rules as far as possible. The announcement last week was a holding response and showed that the company, as far as the PEA is concerned, is trying to stick to the regs. Mind you, I do not understand why we haven't had any drilling results for such a long time.

"how does a new investor answer the question about whether SOLG is a good or bad investment?"
One thing is absolutely for sure, you'd never base the decision on "technicals". Unless you are a trader, of course.

simo, I'm afraid I never regarded KDNC as some form of White Knight; far from it. The board over there are a shower and barely know which way is up.

L2, I don't wish to rain on your enthusiasm, particularly as I feel we are making progress, but we are now a full two years behind the original schedule for production.
Secker is very much in the last chance saloon and failure to deliver this time will spell the end of his time at the company.

There will be some of the more recent investors who will regard this as "bad" news, in as much as it formalises the fact the conditional offer is no longer valid. However, that is simply because they never understood the nature of the conditionality in the first place and the backdrop of the circumstances and plans at the time.
As I said earlier, I'm pleased they are still in discussions, but it's my opinion the finance package, when it arrives, will bear no relationship to what was envisaged last year.
This was an announcement that had to be released and I only hope people don't over-react.

It is good news in the sense that they haven't walked away. I suspect the shape of the package will be adjusted once the remaining element of the financing is finalised.
By the way, for those of us who've been here a while, the expiry date of this agreement will not be news.

Stroga, great find. Thanks.

2Luke, indeed, but the situation here is different. If New go for CGP, BHP will not be able to wait for the agreement to expire; they will have to act immediately.

KB, you are correct about the standstill, but as I've said before, if BHP, in particular, sense a threat to their chances of gaining full control, they will ignore the agreement and will risk the consequences of a legal action. For example, if New attempt to buy CGP, I'm sure BHP will regard the standstill as being invalidated (it won't be, but they'll use it as an excuse)
Agreements like standstills are all well and good, but I've seen them broken many, many times.

That has to be one of the daftest maiden posts of all time...Congratulations!
Just to help you out, the company doesn't have any earnings, therefore there cannot be a P/E ratio.
Notwithstanding your comment, you are right, it is undervalued.

Simply saying "excellent news" completely understates the importance of this result for us.
We all know that political risk is by far the greatest risk we have, and to hear that things have gone our way in Imbabura is of massive significance.
As some of you may recall, I've spent ages trying to find articles about this topic and this one makes me feel a great deal more comfortable...without feeling complacent.

Excellent news!

I think we should put them both in a boxing ring. My money would be on Mather.

Apart from your silly comment about "if" the PEA appears, for once, you've got this right.

Thanks for that DBW. Good to hear.

Luzan, ha, ha! Very good! And by the way, it's "moron", not "Moran".

Of course, he is right, but Mexico has so little else going for it, that mining is absolutely critical for the economy. He's not daft enough to jeopardise that. Additionally, lithium has a nice, cuddly green feel to it. Oil= bad. Lithium=good.

My guess about the reason for the delay is that the complexity of the mine has caused them to re-evaluate the capex.
We've seen two examples recently where companies have published statements about capex, but who've then been forced to come back to the market because they underestimated the costs (Nemaska and SXX) This caused significant market trust issues and I have no doubt NM will not want to repeat the mistake. If it ends up costing more, say so up front. Don't return to the market with your tail between your legs.
On the upside, after so many months of additional drilling, I think we can assume the resource will be upgraded.

Thanks, Qalibashi. This is the sort of thing I like to read and the more of it, the better.
I know it will never happen, but what I'd like to see is the transcripts of meetings with local leaders containing details of any concerns raised and how the company goes about dealing with those concerns.

that hasn't been said this morning is the fairly obvious observation that if the PEA was in any way looking dodgy, there is absolutely no way NM would be continuing the pursuit of Cornerstone.