Member Info for FatherTedFeck

nedk, cgp owns ~10% of solg, so they have enough near-cash to do anything, other than finance Alpala capital expenditures. But if solg can get their hands on 85% of the required money, there's no reason why cgp couldn't raise their 15%. But it won't get to that. I don't see any way solg will be able to outmaneuver cgp out of their stake.

Mcewen's stock is down 70% in 2 years, and he cites that as proof that we're in a bull market. Anyhow....

Dr Barron of Aurania (and Fruta Del Norte fame) talking now...some relevant Ecuador stuff. I used to read his stuff on Gold-Eagle before he hit it huge...it's nice to put a face to a name....he's a geo so I should have assumed a beard. Talking about his "lost cities project"...a romantic story leads to over-valuation.

Good link RichyRich1. I wish I could heckle Amir Adnani in real time! Anyhow, Anna's on shortly.

I would point out how stupid that is, but it's obviously disingenuous, rather than stupid.

Based on the hints they've been dropping, 75 million quid might turn out to be very cheap. But based on the evidence they've generated and released so far, 75 mill is wildly generous.

Of course, he's a big and early holder of Cornerstone.

It's still more animated than our Nick! ;)

Nah, I think they'd do a spinco like they were setting up until recently, where they were splitting the company into cascabel and the rest.

But they can buy the whole company instead, and of course solg has no say about that.

Ohwhata, they reckon they own ~10% of solg shares, so more like $110 million shares.

Maybach, yes that was my forfeit for losing the All-Priests five-a-side Over-75s Indoor Challenge Football Match.

Cornerstone is radically undervalued right now. If 85% of Cascabel is worth CA$1.1 billion, (@ solg of 37.5p, ignoring solg's other properties,) then 15% of it is worth CA$190 million ish. Add on 10% of solg's shares, (i.e. CA$110 million,) gives CA $300 million value, for a current price (@CA$0.265) of CA$167 million. Cheap. And they're a pretty obvious take-out target....or at least they're first in line compared to solg or dgr.

He might have nothing new to say at all. But I've seen it, he's treated like a rock star. All the other suits can add-up better than us lot.

Quady, well if you think they'll go to production, then dilution (and/or streaming, or debt) is inevitable. No doubt.

That's not what BHP does, mate.

The bidding war hasn't actually started yet, obviously. The price is down from .46 because the whole sector has been down for the last 18 months, with most of the best companies being down 40-50%. Why do you see any special risk of further dilution. The have 10's of millions to fund their drilling and studies for a good while. Any raise would be strategic. A question for you...Does BHP want to be only a 6% shareholder of anything?

Between Irwin, Pamplona, Mark/Otto/IKN and Angry Geologist, this stock has some expert fans who are otherwise incredibly hard to please!

On every bloody forum, for every bloody stock we see the same bloody question "Why has OUR stock gone down?"...when, in the resource sector anyhow, they've all bloody gone down!

Lots of other very good holes there.

No Mog, it just means that cgp owes money to solg, which will be repaid from the eventual earnings of the property.