Member Info for Pbow

Me lol

With a bit of luck novice he will be on a one way trip downstairs soon. Then I can stop seeing green lines.

Novice I can assure you I have filtered Needalife .... why anyone wants to read his cries for attention is beyond me.

Lol - just found their telegram group so added myself.

Very interesting watch.

The problem always remains getting a contractor.

No company ive worked for would have tendered.

Eurotunnel was basically a project guaranteed by two sovereign governments. There is no comparison with that and Cascabel

They would have got enough - lots of people bought in sub 10p post Scott the rocks....

Because if they went to a tender offer they would have got 50%+1 and we would all be screwed.

Im pretty sure he has never said anything useful so its really no loss doing so Quady.

Why dont you filter him? Let him howl into the wind.

Stack its not over yet. My view

There is a slight reward with the delta between the current share price and 28p. There is a small chance of an increase from JCC. There is a small chance of a rival bid. There is a small chance of the bid collapsing. I view the last option as least likely so will hold. Most likely will be over in Q1 or 2.

28p will frankly be disapointing. I was hoping for more (40s or 50s) but a profit is a profit.

JCC will appoint a chinese contractor to build it (there arent really many other companies who could do it - a few Turkish maybe). But they are a well capitalised company and will get cheap loans from Chinese banks.

You dont appoint a company on the basis of part of the scope usually.

Also TAM wouldnt have been cheap. Look at Warintza - 3.7 billion usd (all open cut) i acknowledge its a far deeper resource. But you still need the concentrator, the TSF etc. It would be nig money. Also if the company had put the rest of cascabel on hold we would have to restart all the PFS process etc. Id have retired before they started building!!!

Quady from their own website....

"GMS has generated savings of $250M on completed projects since 2008 with a combined construction cost of $2Bn."

They have build 2 billion since 2008 over multiple projects.... who the hell would trust them with over 2 billion construction cost in one Prioject. As I say they would fail any standard prequalification.

What civil engineering firm, big enough to build Cascabel, would be mental enough to sign a contract with Solgold? Solgold would not be able to meet the requirements of sub-clause 2.4 in a FIDIC contract which is almost certainly what would be used.

Quady for a multitude of reasons we could never realistically go to production. Of course the company could never say that but it just wasnt feesible. At the very least they needed a JV partner. G-Mining do not have the capability to do it. In a normal world they wouldnt even pass a prequalification process and be in a position to tender.

Arok I think its pretty clear that JCC will get the 75% required. What they may struggle on is the 50% +1 votes of those present.

Not decided how ill vote yet.

Rodney has tried to set up a register of sorts of PIs to try and coordinate action in events such as what we are currently going through. Ive not bothered to join but thats what its about.

If you are on about the RiFD Copper Project in Yanbu im 95% sure its on hold.

Quady is wrong as an aside. NAV is far far higher than he says because he cant comprehend how resource companies are valued.

His GSCE in economics or some other similarly rubbish qualification clearly makes him more right than redcloud, CG Capital markets who all give a NAV as the basis of their valuation (albeit its a more realistic one). I mean who should we trust... the experts... or the chap who says the diverse book will stop a low takeover and that solgold could have realistically powered the mine with solar power to meet the green agenda ... requiring hundreds of acres of rain forest to be bulldozed....