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No news and price static as I have said before.
Lundin producing and share price $7. Teranga gold producing and share price $5. Market cap of Teranga $500 mill. If NM is going for value seems producing is the way to go. Our market cap is greater than that but the share price is ...well well short of theirs. Hope you all had a good weekend
Byron. I like your thought process. Though if cascabel is as good as it is AND keeps growing personally would prefer an offer for 4 bill for that alone. Sell that and continue to develop as an ongoing process to maximise the asset. 4 bill for the lot seems very cheap to me though a good post to read Ned
Hi. Bought over 100k of shares but as said it was reported as a sell. Sold some of my precious solg shares as i reckon this is a good trade at the moment with the hope of buying them back a little later however if it does not work out i am not too worried. Trying to keep my buying below 5p. Would love to buy the amount you said Cattleman but i would rather buy little and often to see how things go rather than 1 huge trade. very exciting here. Ned
I feel this malaise is purely down to no news of anything worth while. The RNS put out yesterday was nothing more than trying to bolster a dropping share price on the basis of something is better than nothing.
Until new permits are announced, or the PFS, or MRE3 then it will slowly continue to drop. Some may be selling small amounts off (nothing to risky) as they (we) have eyes on other companies that may do something in the meantime in an effort to do something to relieve the boredom ( me ARCM not trying to push) so until something spectacular is,announced things will stay as they are. Do I thin k its,a company yo invest in. ... absolutely but at the moment there are other plays i want to make. Still holding a considerable amount here from the early days of 2015/16.
Have a good weekend,all. Ned
I have tried to find the size of Fruta Del Norta to compare it to Cascabel but am struggling.
Can any of you wiser birds find or know. The reason being the Lundin share price is $7 approx and may be an indication of where we,are heading. Thanks in advance Ned
Hi. I thought I read/heard they would be in approx two weeks. Did nick not say that in the chat last week. For me its before the month end and as he has awarded options perhaps he already knows. Just conjecture on my part. Ned
As it is of interest i thought i would show what i asked and Anna's reply. (I hope)
My question is this.
At the 121 meeting recently attended by Jason, he mentioned about permits being in stage 6 of 6 and to be issued by the month end for drilling.
Nick then said this was not happening but they were due to be issued by the year end.
Is Nick referring to the same ones mentioned by Jason and can you please advise when the next permits for new tenements are going to be released, and for which tenement.
Anna's reply was as follows
We are waiting for the Ministry in Ecuador to update us on the progress of permits. Once we have them drilling will commence, I can’t comment on the order of which the projects will be drilled as it depends on the order in which we receive the permits. Jason had hoped to receive the first of these in June.
I hope that clarifies things.
Cheers Ned
They did not do it the SOLG way. No wonder there are problems. No consultation with anyone. Idiots especially in a country so prtective of its environment.
https://www.reuters.com/article/us-ecuador-landrights-mining/in-ecuador-landmark-court-cases-challenge-mining-projects-idUSKCN
Ned
I would also be interested in their response.it is difficult to believe they were given rights over what is a protected area. Lack if knowledge in the area and language can lead to the wrong information coming out. Let's wait and see. I agree with Ship. To me it's the difference between order and chaos as I have said a couple of times nwd