Member Info for Dreamboatwarrior

Hi Add ….. he’s not stupid so one has to ask. Why do three presentations on the spin in which you go out of your way to emphasise the fact that we aren’t drilling anywhere and there is very little news of importance on the near term horizon??

He would know the resultant effects …… I’m more concerned with what their self serving agenda might be ……. Having said that if we all benefit to some degree I’m not that fussed anymore tbh

It is what it is

Cascabel is still there and if there was some huge problem causing the drop I suspect volume would be way higher

I really hope they don’t try and place the 100m odd shares with friends …… it already smells bad .

Exactly then place the 100m with the Canadians for peanuts before miraculously announcing a bid

“ I mentioned a while ago that I thought the CGP guys thought of those 100m shares as theirs still. I genuinely think they do. So there's another 3% holding there waiting to be pocketed but under the guise of 'we need more cash' which of course becomes more valid when we hit Q1 24 (surprise surprise) as our cash pile is set to diminish to near zero by the time we hit July 24.”

So it pays them to keep the SP strangled?

Totally agree

Helx

Makes this more relevant

“The Company’ DaaP constitutes an important part in the “digital

ecosystem” which the buyer has developed over the last few years.  The

buyer has requested additional time to reveal the complete product

platform to the wider market.”

I usually try and put a positive slant on things here because I do feel a deal will inevitably be done ( at some level)

But when it comes to communication and how shareholders have been treated…… you can’t defend the indefensible

Max.. Hope it pays off … I’ll hold on and see what happens but no more for me until they give me a reason to invest more

Someone joked to me that they should delist to protect any remaining shareholder value ( I realise this isn’t realistic of course and the obvious ramifications) whilst they put a deal together. It was tongue in cheek but just showed how disillusioned some are becoming……

Trying to find …… just remember that date being mentioned.

Hey DM

Scott said 26th on the Denver presentation

Hi Brad

Can’t argue the share price ain’t great.

Genuinely if I thought the share price was going to 9p I’d sell at 13p ….. ?

They must have something pretty decent up their sleeves to think they will be forgiven for treating shareholders this way.

Newcrest/Newmont

“September 24, 2023.- The press specialized in mining issues highlights this week that the purchase of Newcrest Mining is one of the most significant operations in the history of the mining industry.

Newcrest is Australia's leading gold producer with more than half a million ounces of gold in the first quarter of this year. He is a minority shareholder in the Fruta del Norte mine, in the Cascabel project and others in Ecuador,

Newmont, the largest gold producer in the world, will buy all the shares of Newcrest for a value of US$ 17,449 million or 16,066 million euros. This operation could be the third largest transaction ever carried out by an Australian company and reflects Australia's weight in the global mining arena and its consolidation in the gold market.

With the purchase of Newcrest, Newmont Corp is positioned as the one that “will set the new standard for gold mining,” according to its president and CEO Tom Palmer.

Speaking at the Gold Forum Americas 2023 conference, Palmer said he expects the combined business to generate around $500 million in annual synergies, with a target of $2 billion in cash from portfolio optimization.

The acquisition of Newcrest, Palmer says, is expected to strengthen Newmont's portfolio and create the best collection of gold and copper assets in the world.

Since initially announcing the proposed acquisition more than a year ago, Newmont has carefully navigated the global regulatory landscape. It has not only received the approval of the Australian Foreign Investment Review Board, but also the endorsement of the Australian competition regulator.

In addition, Japan, through its Fair Trade Commission, gave the green light to the operation, marking another milestone on this path towards consolidation.

This significant development led Newmont to state in a statement: “Newmont continues to advance further regulatory approvals and expects to close the transaction in the fourth quarter of this year.”

If all goes as planned, Newcrest shareholders will receive 0.400 Newmont shares for each of their own. This represents an implied value of A$29.27 per share.

However, there are still crucial stages to go through. The Philippines and Papua New Guinea still need to give their approval for the transaction and the vote by Newcrest shareholders is still pending, which should take place on October 13.

The agreement between the two has already been made but must be approved by the boards of directors of the two companies.

Newcrest was created as a subsidiary of Newmont back in the 1970s, but in the 1990s it merged with BHP Gold Limited and changed its name. It now has three gold and copper mines in Australia, Canada and Papua New Guinea, as well as projects in various parts of the world.

In Ecuador it has, in total, almost 12 percent of the Cascabel project and also has an agreement with Lundin Gold, to explore eight concessions

Copperpot

Hopefully we’ll know more by then.

Personally I think it’s a question of box ticking (permits/licenses & IPA ) which whilst not exciting is very necessary from a derisking point of view.

Just have to sit tight and hope there’s something interesting in tomorrow’s release

RCGL

Good points well made

Could it be that the reason everything is mothballed is because a deal is being thrashed out as we speak and whilst we work on obtaining outstanding licenses ipa’s etc potential buyers are seeking reassurances from the Ecuadorean government. This may be more easily achieved once the current election upheaval is behind them.

Probably wishful thinking but as DM says ….. who knows .

The way I see it is that we own 100% of something amazing and someone must want it …… if not what’s the point in unearthing these giants deposits at all?

“I know I'm becoming a bit of a lone voice, but I maintain my view he represents our best chance of achieving value”

Add…. I concur entirely

“What's the betting they place 100m shares (3%) pre AGM just to give them some extra support lol!”

That’s exactly what I was thinking …… may be counter productive though as ( unless the price was right ) they’d probably lose further pi support plus they’d have to place with someone who thinks they’re doing a good job…..

Addinct…. They. Said 26th

Fort ….. all we ever got was details to follow

I have no problem with options as long as they are ambitious and performance related