Good post of course Agnico want a piece like 100% they seen whats there and have drill samples etc but on there terms not ours. I bet they have offered Brad a cheeky figure.
Good interview from Brad open and honest looks as though its only a matter of time before we get back 100% but it looks as though theres a cost long term which i cant see why as Newmont been messing us around for last 12 months and they have not complete phase 2 so they should be paying us.
At least we know where we are. Think also that Agnico may come back to us but we dont know, think brad will want a new partner if possible. Also looks as though government a bit more understanding to mining companies.
Hi bhargav only made one purchase of late was wanting to buy some more soon. Ive been renovating the house I bought so spent all my spare cash on that rewire plastering new kitchen new bathroom new doors next thing bathroom and finishing rewire. so not had any spare cash. been buying another stock too.
Same old Vast resources another month another rights issue. Since I was invested here a few years ago they must have had in last 5 years 25 rights issues. When I first bought there were 5billion shares in issue then went to 25billion then consolidated to around 500m and now theres about 5billion.
I just dont know how he CEO gets away with it all jam tomorrow.
Whats your back ground you sound as though you understand legal terms better than us lay man. I would have thought that they have not proceeded to phase to ie drawn up a new company so the asset should be returned to omi who already hold it. The board have given enough time to sort things out. What $14m dollars to 2 of worlds biggest mining companies. Like me having some pocket change. They been sitting on this for almost 18 months and notes happened. They should give us some cash for messing us about.
I agree with your thought. They have not held up their agreement in phase 2 so should just hand it back. But these big companies dont give away anything for nothing. They have lead us and are still doing down the garden path. They deserve jack nothing and it is us who should be compensated for lost time in project. Any decent company would but not newmont thats why they are the biggest badest company in town.
Looking more and more like i said they are waiting for Newmont to approve all legal stuff before announcing, these big companies move slow thats why its taking sooo long to announce what they have agreed.
Wonder what will happen to Newmont shares bought at 5p will they sell will they keep hold of them and off load steadily. Will they want anything back from us whats Agnicos view will they buy out Newmonts holding. All ifs and but all guess work.
200m shares in issue brad wont be able to raise too much first equity raise can see several as one if raising 5m wont scratch surface so possible 2 or 3 for starters over next 12 months or so. Everything all up in air til we know outcome of the new deal. Will Newmont give all 51% back to us will Agnico keep their 25.5% and come back later will they be our new partner.
What about Royal Road, what about Buritica as potential partner, think brad will have a plan if he aint whats he been doing last 12 months. He knows we need big bucks but omi will need to raise for other projects and also for Anza unless he gives away a big piece of pie of Anza.