I do not think these big mining companies enter a new country like Ecuador on a whim..before they invest they will have done sufficient due diligence and what better place at the moment if you are looking for a monster project with beneficial infrastructure than what Solgold have..think it is only a matter of time not if but when
is Cornerstone..of course market probably anticipating the dilution if Solg successful in taking them but what may surprise is another miner entering the arena and bidding for cgp which would certainly propel the sp forward but until the next corporate move think we could tread water
Lol probably did not word that very well which is very irritating sorry but what I was actually commenting on is that in the RNSs on TE 10 tests they have stated on 3 separate occasions that 'they are delighted' with what they have found and I said one more this week would be very welcome
Hi mike , I do think without any substantial corporate move the market will be in limbo awaiting further updates on funding and I know I have made the comparison with Solgold before but the situation is no different..both businesses are cash hungry and therefore the market will factor this in..it has been nearly 5 months since we had an update on cash balance held and I would not mind betting that we are now below the amount raised in the last round which from memory was about $ 5.4 m A ..I am expecting another call certainly before the year is out unless there is as I said above any corporate move and although I have had a couple of modest top ups am in no hurry to reach my target holding
New_2 .. A genuine question for you..what in your opinion bearing in mind the average salary for running a company on AIM would be the remuneration that should be on offer for the new broom that you would like to come in after you have ushered CH out of the door ?
Earlier on today you said 'The lesson I learn't from AST was don't ever buy into a co where the BOD don't hold a significant number of shares'. LOL because you then advised the board that you had topped up twice today. Doh you could not make some of this up !