You've gotta laugh28 Dec 2018 00:38
Our 'Tag line' At Cadence we're developing the minerals to power tomorrow's needs...
What exactly are WE developing then Kiran.....
1) The Sonora JV1 is indicated at 6-7 years away from being minimally exploited.
2) The Sonora JV2 is still to be fully resolved in terms of licences & ownership as far as I'm aware (last I knew 'MEGALIT' itself still wasn't resolved).
3) The Yangi JV is indicated to be 10+ years away from being 'potentially' exploited.
4) After the disastrous CLN we've sold down most of our BCN holding so that as when if there is a rise in BCN it'll mean squat to us.
5) We've got significant loan repayments on the near horizon.
6) we're 'potentially' going to need significant funds to increase our stake & 'explore' & define (IF anything's ultimately worth defining) a resource in Argentina if the authorities ever get their fingers out of their arses.
7) & these Muppets still expect healthy salaries & use a pittance of their 'total' income to buy shares at next to nothing.
Meanwhile, as far as I'm concerned, the ex puppet master who dumped them in the hole he'd created & they've dug deeper continues with his pumping, bluff & bollox with his self importance, oversized & overinflated ego in overdrive ...what a dangerous, deceitful narcissist he is ..... look up narcissist personality disorder & see what you think....
I can only hope we sell up the SONORA JV1 to a hungry buyer with deep pockets soon whilst we're still able to & have something to sell that hasn't been necessary & sold already to service, debt, commitments or salaries.