Member Info for Strider4

Credit to Savshare - from memory it's mid-April 19 and there are 25 million of them. Haven't checked how many outstanding shares CGP have to understand the relative significance - anyone know?

Don't forget that SOLG haven't actually made an offer yet - it's an "intention" to make an offer! That's odd in itself.

There is no clock currently ticking, except for the CGP warrants...

The price may or may not move with the PEA. But what is for certain is that it will widen the value gap (especially if the price does not move adequately) and it will increase the takeover price.

This issue of things being "priced in". I can scroll back along the chart and have a look at 36p on the 9th of Feb 2017...MRE1 wasn't even out then, let alone the fabulous MRE2 (Tier 1 - no arguments any more BC),on the cusp of PEA, BHP action, and those 11 priority targets...yes, there's been a bit of dilution since then, but not all that much. So, at 36p in early 2017 were MRE1, 2, the PEA, BHP coming on board and 11 priority targets priced in? the market didn't have the foggiest about what was coming, so it couldn't have been.

Good to see the end of the windfall tax - this has been on the cards for a while I think?

As Alpala is going to be a huge mine, it's going to get whacked for 8%, so no change there.

Got to start somewhere Padulina - keep at it.

The other thing that they are glossing over in that 18% calc is their growing debt to SOLG.

It's not an error - it's a point of view. Depends how they value the other concessions. Everyone outside of SOLG is valuing them at pretty much nil (Hannam a token £75m), so why should CGP value them higher. Even though it's clear to all that the potential is huge, it' in CGP's interest to gloss over it.

RichKen - no I think they cancelled the placing on Friday, after I bought in :)

Introducing yourself to the board with "placing due!" I see.

Stealing my line - you take hypocrisy to another level!

"It contains numerous inaccurate and misleading statements...For example, ..." They then go on to state just one example, and a pretty mundane one at that! It's pretty clear to me that the inaccuracies are not "numerous" and that they only have one such example! Given the tone, would they really have held back on detailing them all? Now who's misleading?

And the quote from Brooke MacDonald is pathetic really.

There is nothing in there that NM needs to reply to (whereas there was in the last response), so I don't imagine he will.

Those who think that this is "backfiring" on NM are significantly under-estimating him I think. So far, what has occured is a scenario that NM could easily have envisioned. You don't go into battle without a plan.

price action in the last hour. Bodes well for this afternoon.

will have taken it down to clear out any obvious stops that were set too tight. Often the way when there's a very clear support level.

nm

1) There is not a chance that NM will let emotion get in the way of him realizing the value of his 90 million shares (+ a gazillion options).
2) Given the wording, BHP and Newcrest were consulted before the RNS was issued. It ain't putting them off and I doubt it will put off any other major wither - they're interested almost entirely in the resource alone - all they care about management is that they don't have a track record of c o c ing things up. NM's track record is quite the opposite.

FTJY - agree with all of that. It's patently obvious who are the CGP holders trying to peddle their wares on here.

N2S - perhaps it had, but I would have thought that most didn't believe SOLG had the resources to make it happen. Now, NM's a smart guy and has initiated this move. Either he thinks it's got a good chance of success, or there are more obscure motives - both are positive for SOLG I think.

Sav, some great points there, particularly:

- parallels with Orbis
- CGP warrants expiring
- SOLG increasing in value faster than CGP (although I would excludeany Cascabel-related updates from this (PEA, MRE3) - it most certainly applies to the drilling permits and the multitude of other juicy targets though).

The general public! Any such consideration was pure conjecture at that point, and therefore wasn't given a great deal of credence.

Evidently NM and his crew have been considering it for considerably longer than 2 weeks!

That's the most important message in today's RNS. If we take over CGP great, if we don't fine. In the grand scheme of things it matter not a great deal.

Nothing has changed. This wasn't even being considered 2 weeks ago. Roll on the PEA (possible swan song), MRE3 rolled into it?, drilling permits, more corporate action...

Don't be deterred from posting on here. While I may not always agree with the fine details of what you say (no two technicians will I would have thought), there is a good deall of insight there and you clearly know your stuff.

I read and respect your posts and there are a few otheres that do too. You only get the herd approving if you state a massive buy signal. Otherwise you're destined to be the unpopular truth teller.