Member Info for Montecristo

There are hundreds of exploration companies listed across the world with thousands of tenements. Cornerstone had no more idea about Cascabel than any of the other tenements they had at the time or have now, that's why they were happy to give solg 85% for peanuts. It's actually solg that took the risk to put money into it. They deserve the credit

Great posts today, You make some very good points.

Last year it was "too" cold. We got hit with thousands of breakdown repairs that hit the bottom line massively. If it's cold but not too cold ie people turn up the gas but the pipes do not actually burst it should mean more profit

Thanks, that is what I was thinking. They did seem keen for a very quick sale

It would be interesting to know what they fell out about, does anyone think they know?

Why then, the 2 year stand off agreement with BHP and the 2 year strike time on tonnes of very generous options? We have 2 years to prove up other tenements imo. The wait will be worth it.

No update for a long time, strange with 12 rigs turning.

The 2 year stand off agreement said it all for me. 2 years to get as much value as possoble then sell. Of course if we get a famtasic offer before hand, all bets are off. Within 2 years we will get a pay day

Prelimanary economic assesment

The point I was making is that they have bought INTO us.
It was a different school of thought to the earlier question, why did Gayana sell.

You could also ask. Why did BHP buy us if we are going to production.

They could of had solg for less? Or perhaps not.

The bunch of cretins at ofgem got a ticking off by the goverment yesterday. Not good enough! was the verdict

I genuinely think ofgem and the government energy ministers have not got a clue, in the case of people working in government, they will have no prier knowledge of the energy business. Just drafted in to that department. All the top guys at the big 6 told them time and again that the cap and various other hare brain ideas would not work. There will be none of these silly opportunist startups left come the end of the year. I hope so, that would make cna a great recovery play

It was a UT trade ( uncrossing Trade) used by market makers to balance the books, it was not someone buying

Dont order 50p ones, they might be out of date before you even get a chance to wear them lol

What's everyone going to talk about once Solg is sold?

I think you could lose more by not being in. Regardless of what the markets are doing, the final decision on the sale will come from Mather, if the price is not right he could simply postpone a sale for 6 months a year or 2. The asset is rare and valuable, it's unlikely a major would risk losing it because the markets are choppy. Even f it goes down20% if it is eventually sold,how much have you lost to save 20% ? It could go at any time, they won't tell you in advance

The trouble with selling the lot is, no way will we get fair value.
No one will give us Billions now for speculation, so we will basically give it away for free with Cascabel.

It's going to be hard to sell the whole company, you would have to pick a price out of thin air. Impossible to value the other tenements at the moment, at least for a year or 3. After the PEA, cascabel will have a tangible value. And why create all the other subsidiaries?
Also the 60p options recently awarded that most thought were at a very low strike price could indicate a takeover sooner rather than later