Benz,I Think the adr is a process that has to be tried first.Personally I won't hold my breath on that but there's always a chance.,do you think the insolvency issue is kicked down the road now for 12 months? Is it not being directed to court in the sandy shallows for another little wrestle.
Rainbow,the oil business's is one of the worst for spreading ugliness around the world ,wars ,pipelines ,indigenous people disregarded oil spills and fracking being potentially the worst.a bit late to get a touch of the morals I fracking reckon.
Toll deal next year I reckon.I don't think it's a bail out.It is a new team with a new approach but it could be good news for Cnr ,let's see.I would be happy to see Cnr merge with calibre.
Sounds like a sensible angle
hi Aguila.interesting half year ahead.calibre deal isn't due to finalise til October.has to be put to shareholders too so wouldn't expect the finance yet.Toll deal has to be on their agenda I would think.quick cash.depends on how long permits for Cnr and b2 take I guess.
Shouldn't forget that calibre also have 2.4 m oz that will probably enter the equation at some point as well as high grade drilling .
Good to see sp finally enter the twenties.lets hope we can maintain it and push forward gradually.
Star ,you are referring to your case in the past tense,is that correct ?
has it run through a full court process ?
If cairn were lied to by frr then surely frr are ultimately culpable.on the other hand if cairn just fooked up then they would be first port of call.It is their responsibility to check an rns.hard to believe they wouldn't check the loan properly or frr . Maybe zz had his hand over the relevant section lol.
Star,cairn have obviously been negligent in their duty ,doesn't necessarily mean they were lied to.Directors including Hope failed in their director duties to correct the rns.Hope should have known the terms weren't correctly described.
Cairn resignation also came days after the Cayman judge didn't accept Frr court argument in Dec.
if cairn resigned because of Bb publication ,that infers they didn't read the court documents.
When kawalley rejected frr claims before Christmas , suspension was to be expected and after 6 months a de list would have happened.
Star ,could you be clear,have you completed a court action against cairn? I would be surprised for an action like that to be concluded so quickly or are you saying that you had an ooc settlement? Obviously have better legals than frr .If we were to follow your lead ,what kind of recommence can we expect? How would compensation be calculated?
There are a limited no of nomads that are getting smaller.I would be surprised to see one sign up with all present complications added to the fact that it is highly likely frr misled the last ones and are being sued for non payment of lawyers.frr would have to be very open about everything and I don't see much signs of that presently.The minute frr defaulted they were heading for suspension and delist after 6 months,irrespective of the nomad resignation.cannot see any relist until court cases are completed and the asset ownership is clear.tbh I dont see this coming back but would love to be wrong .
When is the agm baggage ?drop frr a line I am sure they would love to inform you .good luck with that one.
Dave,my goldies are listed here and all bar cnr are up significantly.over the last 6-9 months aaz has gone from sub 50 p to 130 p,shg 4-9 p.hum and cnr ,recovering from drops to 13 p and 75 p to 25p and 134 respectively.all producers taking immediate advantage of the gold price and all potential takeover targets imo.when the smaller producers get taken out I would imagine as nero says that attention will head towards the explorers.may depend on the length of the bull run.lets hope its a long one.
Cnr could easily double with some news and some.
Nero ,gold is doing fine in relation to the trade war.cey has risen continually over the last 3 months,as has shg,hum now doing nicely.aaz too.didnt realise we were talking about the last couple of hours.
I am still hopeful for cnr further on but best to have more than one egg in the nest.
Cf.I think $110m was for 80 k $130 m for 120 koz.They also have other projects although at an early stage.
As aguila says the main difference is they are a producer .that is the kind of company that midcaps are looking for.no guesswork and instant revenue..No doubt if the gold run runs as we hope ,it will trickle down to explorers.I think where cnr differs from some 80-120 k producers is that often a company aiming to be a producer will aim to further their resource from income.i note from their site.8 years after discovery they are producing 157 k oz
It is hard to compare a producer with an explorer because there is still a lot of risk .I doubt we will get bought prior to production personally but £100 m £1 share ,4 bagger from here .that would be very nice.more realistic than some of the more unrealistic figures bandied about not so long ago.top dollar imo.
I note that it is almost 50/50 cash and resolute shares.thats the most likely scenario if it is going to happen imo.
I am still liking producers more but sub 20 p hard to much downside.
Only days ago the dos had been accepted acoording to the brains of this outfit.I would be a bit cautious about assuming any hoodwinkery yet.
I have read a couple of the links to ukranian newspapers in regard to the dolphin process.one thing that sticks out to me is they mention none of the majors including bp are interested in bidding because they are involved with projects in Russia.I wonder why Georgia should be any different?