RE: "Potential bidding war".....8 Dec 2022 07:19
Agreed Copperpot, people need to answer why no bid up till now.
Then they need to answer why not.
Many things stop a bid.
The diverse book, as this does two things.
First it stops a cheap bid.
Second it stops major shareholders selling cheap, and causing a stalemate.
As you know I follow the statements made by the company and the actions taken.
We have announced that we are looking at a JV.
This has been part of the strategic review.
We know we are looking at hydroelectric to reduce costs.
This is also in the remit of the strategic review.
We are not advertising Alpala to be sold.
For the people on here that say, "well of course we wouldn't say that".
May I remind you we have said that for other tenements, so that argument holds no water.
However since the CGP deal which will be completed soon, if no complications. We now will own 100% of ENSA.
This makes it easier and cheaper to finance.
I still believe Solgold will take Cascabel to production, however we do it as a JV because that is what the company is saying.