Member Info for earthling

It doesn't work like that, they paid 45p for a small percentage, so times this by the percentage of the rest to buy

the rumour turns out to be true re news from BHP later.

seems something brewing, as this is the biggest rise we have had in about 6 months from what I can remember.

With presentations due over forthcoming weeks it would make sense to release progress before them so they are included.

could just be the result of CGP's presentation which was far more up beat than most of ours tbh

there is a reason we got to 25p levels, if we did the long awaited permit then its all systems go

I was thinking surely from a global legal standpoint we have some rights on our stake, maybe he is working on selling our stake and moving on?

looking very strong

and we have lots

yes you're right, would make a sale a bit easier, but not much tbh, you say many assets being sold where they don't own 100%.

I think its s great point you make re if we have to buy at full value why bother? I agree with you, which is why I've said all along I think NM has made a mistake this year with a news black out on progress solely due to the CGP situation IMO

In the big picture I don't think it makes much difference tbh, unless we take it all the way and then CGP pay us, which obviously wont happen if we were to buy their stake.

I've said all along I don't see the big deal re CGP. and its clear the SP has been kept down until its resolved or NM decides to crack on regardless.
I hope now we can move on with progress and news towards a significant re rate to fair value.

but wouldn't stop a buyer IMO

it will hurt by 12-15%, their share.

that another company is making a bid for CGPs share, and that NM will allow this deal to go ahead, rather than matching it as we have first preference.

clever move IMO re a third party can make a bid, then BHP can counter that bid

Yes I'm afraid you are way out, on several fronts.

Firstly BHP can't make that offer unless a third party bids first.

Secondly ENSA is worth much more than 1b

I agree to some extent, however I think he is aiming for another run on the SP, yes a placement but clearly there are plans to explore outside of Georgia and I imagine they have something already in mind before the name change?

If we get a placement around these levels I can defo see a re rate

Time will tell but I have feeling something is brewing here.

Cascabel is all they have of any real value at this point, so you cant blame them for wanting the best price for it.

Its all like a game of chess, if they don't play it right, it will be check mate when they come to paying their costs towards drilling etc.

prob makes no difference most of the time, however prob best to sell first then it might tick down for your buy?

they take advantage of the current gold run in a gloomy outlook generally and find a good gold project in a safe jurisdiction.

Still a long shot but they could get the long awaited permit for Georgia which would be the icing on the cake, however I'm glad they are branching out which seems likely based on the change of name.

6 months ago 45p
12 months ago, over 70p
Around 90p before that I believe

so its has been a dramatic decline for those in over 50p

significantly on buying so we just have to wait for the positive news, its been some time now but for those who believe in the story does seem cheap, remember the recent placement where director took part at 15p and said he considered SP to be a bargain.
Time will tell, still holding as potential is huge IMO

I agree and been happy to top up at these levels

there is an air of excitement here again?

Long over due

to miss out on a phoenix from the flames scenario after being invested for so many years perviously.

Defo one to watch now IMO.

fingers crossed and all that, if I remember correctly there were some on here invested BIG at much higher prices.

I imagine they now have a sniff of getting their money back?

Was it Grim? been while since I looked on here?

I see we are EEE, the Kimberley reference was from 2012.

Defo something stirring here now, I would suggest outside of Georgia, hence the new name, which is good news IMO, in view of the lengthy delay in Georgia for a permit.
Maybe our partner is buying us out and we can move on to new ventures? or maybe permit news is at last on its way. ?

What price do people think the fund raise/placement will be? usually at a discount? 1.5p would prob see a rise, anything lower and we'll prob drop back to the placement price?

Are you guys waiting for placement or holding from previously? I would imagine mist of you are also under water here?