Member Info for earthling

you seem to be verging on narcissism, why do you think people on here who have done their research will take advice from you re their investment decisions?

Laughable!

re your last post here

Hope so

This resource was in Canada or Australia we would be multiples of todays price, but we are not!

Being in Ecuador has its risks which we all knew about, but majors looks 10-20 years ahead and are they really willing to risk losing the whole of Ecuador and its potential to be the new Chile?
Especially with dwindling new tier 1's and copper set to rise int he future?

I would no they are not willing to watch a minno develop into a rival by taking this to production.

I am more sure than ever now that BHP and Newcrest will buy this off us and with a SP so low it may not be too long before NCM make a move when they re allowed to.
At the price they could currently get for SOLG, it is prob worth the bet for them with the alternative being losing out to SOLG in the future with regard to growth

I am guessing NM is close to securing the short term funding he needs to go forwards with the projects for the next 12 months, prob from BHP and at a premium to todays SP.

would be peanuts in the big scheme for BHP to JV with NCM

I personally think Nm is on mission to take this all the way, hence the BN boot strapping plan.

Doesn't mean he will be able to achieve this though, before a major takes the lot from us.

I'm afraid thats not the case

that it looks unlikely we will get to being a major, especially with current circumstances.

If NCM are genuinely interested in getting Cascabel surely next week after the block is lifted, would be a good time to do it? thus being a catalyst for other bids and a possible BHP JV.

Then we can can crack on exploring the next one.?

As you say it could be they can't get the funding for production at the moment thus putting more pressure on us as vulnerable for a cheap T/O

The other scenario is that NM is working on a premium placing to get through the next year, at which point things may be very different eg/ Ecuador more stable towards mining, copper prices etc etc.

yes, I didn't explain it very well granted.

I meant there are different scenarios, some of which mean if news lands about a bid, it may be very difficult to get in at a decent price if the shares remain open for buying and selling.
It is also possible it could be suspended, this is not as rare as you make out!

KB007, I think its more those who have sold out are panicking about being on the side lines tbh

I'm not wrong, can you tell me at what price you think you'd get in for if we got news in the morning of a bid?

not always! it varies, sometimes the share is suspended for instance.

as reported by some on here, now 'pie in the sky' or 'osterich mentality' to think we are indeed vulnerable to a cheap take over bid at these levels.

Nm, mining journals etc believe this is the case.

If a bid does come in its usually the case you need to hold shares in the company before a certain point to qualify if a bid went through.
so those on the sidelines could be lucky and get a cheaper price or they could in fact miss out, you take your chance and hope one has made the right decision.
As usual during times of weakness we get the old and new posters spreading doom and gloom and the worst case scenarios, there is no one on here giving best case scenarios from what I can see. We have been here many times over the years, its just a shame many of the long term holders are now under water after topping up along the way.

Its important to remember that as far as we aware none of the main holders have sold their shares and that it is pi's fearing the worst and selling out, which is obviously their prerogative.

thats very precise, are you mystic meg?

Nm won't release an RNS with regard to the SP.

He could however give us an update of some of the best drilling results/assays and where they are at with it all.

With so much extra drilling done from the previous news it may well be a good start for Nm to do this.

My guess is he has intentionally allowed SP to drop to make CGP offer look more favourable, what other reason could there be for NM to allow us to get below 20P?

He said in recent presentation CGP new was imminent yet we then get news the offer has changed given CGP's share consolidation. ?

With SP so low if another major believes this will happen then surely now is the time to make a move, where a low ball offer will look decent to many share holders under water, thus allowing BHP and NCM to make counter offers.?

exactly!

obviously the unrest is far from positive, but its no worse than the civil unrest we have seen in many countries recently

we drop now takes us closer to a cheap T/O bid

It may soon be worth the risk for say BHP and NCM to make JV bid at around 60p for the lot, much less than what many were hoping for but still 300% from here, which many share holders would no doubt agree to currently.

NM said we are dangerously undervalued recently, surely he can only be referring to a cheap take over.?

so what evidence do you have that we are 'way past 3m ounces'?

Or is it a mystic meg guess?

The point I’m making is we wouldn’t take 30% on Solg if it included shares in a major buying us.
Just think it’s up to the CGP share holders and I don’t think it’s a big a deal as some have made out here whether we buy CGP’s share or not at this stage
When it comes to the time they will have to pay us what they owe if they still want a piece of the pie. One can’t blame CGP holders if they want to hold out for a better deal, is my point.
What ever others think is irrelevant as to how good an offer it is, it’s down to them to take it or not .

Not really, theres a good chance we could get shares in a major that bought us, whats the difference?