Member Info for SharketMare

Add yes, but the company pre-DV's coup didn't announce it was pursuing any of them. I think the reality is there is a small handful of businesses interested in developing Cascabel, but they are more than happy to sit on their hands and wait for us to balls it up rather than bidding and sparking a competitive process, and no one is willing to cough up enough cash for what could be an agreed bid. Part of the reason we are so undervalued is because no one serious believes we are going to be able to mine Cascabel ourselves. Hence Tandy - a smaller operation that could lead to short/mid-term cash flow and would, I imagine, have some of the infrastructure in place that we would need to mine the bigger prize.

Addicknt, I guess the drilling at Tandy and the plan to spin off the regionals into ExploreCo could be seen as a tangible shift in strategy for the whole company. But yes, for Cascabel it's more of the same.

Excellent news! Progress.

Populism, now there's a word that has no meaning whatsoever and is used by idiots to try and sound clever.

The strategic review is not ongoing, it has disappeared from all company communications. It was never a 'thing' - it was a smokescreen for the 'fast and smart' attempt to sell the company.

When Dan was announced as CEO the company 1) made no reference to the SR 2) claimed that the company strategy had been reset "in order to accelerate the flagship Cascabel project into the development phase alongside the formation of a Technical Committee and establishment of ExploreCo."

I know the two of you both struggle to understand what is going on here, but surely neither of you are dim enough to think we have both reset our strategy and are still carrying out a strategic review?

What I think we will see this quarter (and arguably is a notable strategic move) is a spin out of all assets ex-Cascabel into ExploreCo. How that plays out for long suffering shareholders remains to be seen.

Is there any link between Sun Hung Kai and Jiangxi or Mr Liu?

SP is off 7% today Jack.

That still doesn't get us to 40p. Hard pass on this analysis.

Surely this information is available to anyone with a Bloomberg terminal? Hardly a state secret?

I am very happy with the progress here and I'm looking forward to results next week. But for as long as I have been investing I have been reading stratospheric predictions about the price of gold, that funnily enough, have never come true. The goldbugs will invariably claim that this time is different, but it never is. A separate point - if the global financial system falls apart, your shares are going to be worthless anyway.

We have been given guidance by the company that the permitting alone will take us up to October 2026. That is without taking into account any political delays, or pushback during the citizen participation process. Mining ore in 2027 seems highly optimistic (or just plain ridiculous) given the company's well-known inability to stick to a deadline and the Ecuadorian government moving at a snail's pace.

Slug - I don't care who buys it. Am just sharing what I know. I would have guessed NEM didn't want this but the BHP info was a bit of a stinger. The John Turner news is the interesting bit - I think there is a deal being worked and the end is nigh. 15-20p tops though, being the negative nancy that I am.

Yeah, like them or advisors put that out there. For all we know bhp are full of sh*t when they say they want out.

Kitchen sink* obviously

And I mean BHP re risk/block cave not NEM. Too many drinks this eve.

Below is what I have managed to glean from working my professional network RE SOLG. Something I have been loathe to do but now, having had nothing back from Stackhouse post-investor meet, I'm ready to kitchen skink the lot.

1. BHP and NEM are not going to buy us. They both want out. NEM is not a surprise, but BHP is disappointing. My understanding is the latter sees the project as too high risk because of 1) block cave 2) Ecuador.

2. The Chinese are the most likely buyers. Obviously Jiangxi, but have been informed Zijin also looking at us. It we get bought out it will be by a firm who has block cave exp and is willing to take on a generational project.

3. John Turner, big shot mining M&A lawyer, has been retained by the company. John is no small fry, and I know for a fact that journos from Reuters and Bloomberg have been sniffing around his appointment. When this is confirmed publicly it will be very clear to the market that Cascabel is being sold. Or the whole company.

I won't be arguing the toss on here with those who think the above is fabricated - it is all legit.

Best

SM

Rodney passing off ChatGPT's guff as his own insight. Clear as day buddy.

Thanks add/Pbow.

Where is this from?

Hi Quady. How did GGP manage to get financing from banks without producing a BFS?

Enjoyable thread. Redknight looking sillier by the post... talking about prices paid moons ago when there were half the shares in issue, by companies that don't even exist anymore. I will restate: the Mather-backed coup to remove Scott and put Vujcic in charge was to get Cascabel sold as quickly as possible. Mather is in the proverbial and needs an out. The plan will be to flog Cascabel and then try and find another gold mine elsewhere in the PF, with any luck learning from the multiple mistakes of the last few years.

15-20p, 25p if we are lucky.