Member Info for earthling

the last funding update ate here?

whats the position on funding here, I see there hasn't been a placing for some time?

You don't know he is not seriously concerned, you're just hoping this is the case.

Writing to all share holders for their votes suggests the opposite and is by no means standard procedure.

minors don't become majors is mainly down to funding.

Can anyone give ways we could fund all these exploration projects going forwards without major dilution ? and thereby giving majors bigger slices of the pie until they take the rest cheap?

This is why NM is up against it if he wants to prove up the other projects without selling.

Still don't understand why he wouldn't sell or at least JV one or more of these projects?

This change of strategy from super explorer to explorer, developer and miner could maybe be a step too far and unrealistic.

Lets hope he pulls it off, personally I'd rather not risk it and sell before it gets too tricky, already on the ropes with two majors with a relatively small stake so going forwards surely its unsustainable? I'm sure the majors know this too, no rush as far as they are concerned as the further it goes the bigger the funding required.

I still haven't worked out how we will fund further exploration work required without huge dilution and the majors getting an ever bigger slice?

3 way JV has to be the favourite.

Projects to discover I don’t understand why NM is so against JV’s, seems to me to be a sensible way forwards for each project?
Or is this another strategy to get us bought in whole ?

indeed, one of Irwins main arguments was that if explorers don't sell their assets, what is the point of throwing money at these small juniors with no return in sight.

I can see where he is coming from.

what do BHP have to lose by voting against NM at this stage? there is no loyalty in this game.

Although I think NM’s action afterwards might give us a clue if it was close

Yes true, I realised that after I’d said it.

Bed and ISA

NCM and CGP not happy

Guess we will find out whether BHP back SOLG or go for the kill.

basically saying nothing to see here, its standard practice.

I know 100% this is not standard practice, its CGP's parting gift, their only means of survival is to get Nm out and sell Cascabel/SOLG.

It will pretty close but I think the pi's will just get him over the line. Let's hope he remembers us if this turn s out to bet the case.

Fed up of these self imposed deadlines being missed, however right now iIMO its in our interest to pass the resolutions.

So iI take it you agree with his analogy of the current voting action being the same as him waiting for his bacon under the grill? and he was serious?

no probs, I'll throw in some grilled bacon grill on the house.

would you like extra gherkins?

ditto

Let's face it CGP are desperate by the looks of it, a take over is there only chance of survival.

most likely CGP related, as many of us have pointed out many times despite the denial from the bacon grill gang, if CGP back BHP and NCM then its going to be very close.