Member Info for Strider4

More likely, he found that humble pie wasn't to his taste and choked on it.

Further,

I think that the regionals could be the key to getting CGP holders to bite...if/when the permits come through, NM unleashes a hailstorm of fantastic outcrops (6 month backlog), then shifts 7 or 8 rigs pronto to the priority targets. CGP holders might then think twice before rejecting a way into this action (beyond CGP's existing 10% stake).

While he may be holding back/"refining" the PEA and Cascabel-related drilling results as a tactic to grab CGP, there will be no such restriction on the regionals, once the permits are granted.

I think Jerry touched on this earlier.

It is clear to me that the tone in the latest RNS is deliberately muted. Knowing NM's style in many a previous RNS, this is in stark contrast. Yes, the results speak for themselves, but NM isn't adding much. It is consistent with the popularly assumed strategy that NM is choking back the flow in an effort to take out CGP...still not sure how this is going to pan out. I trust NM has a plan and is not letting his ego get in the way. Despite the muted tone, there were some pretty tasty intercepts in there today, and importantly some of them are outside the current resource = potential expansion beyond the current expectation (10-20%). Economies of scale will kick in in the final valuation, and every % added is going to pay back big time in the NPV.

The choke back on the regionals is prior to the scout drilling permits, in my opinion, and I have stated that numerous previous times on here. I think this is near to a close and NM is treading softly, softly.

no troll. Quady's no troll either, but had to laugh about his comment about "my thoughts and my thoughts only, ill thought out, doesn't interest me", ya di ya...like you've got anything to say that's worth readng Quady!

8 shares, can't remember the exact price...but glad to be up to the full quota. Didn't want to only have 2 shares when the big news hits.

It was a joke, duh. I bought the 8 shares...back in for the full amount! Too subtle obviously for some on here.

Me. Back in for the full amount now...

taster amount only dear chap.

amount.

Stevie_C - "I would imagine that WI and Cornerstone would be complaining vociferously if they thought info was being deliberately held back."

They already have been - in several amateurish RNS and all over Twitter!

Case in point - "I had fallen asleep on the posting front, but feel envigorated to post more to counter the likes of YOU !"

Translate - "negativity envigorates you".

Quite right NH, I've wasted enough time on here today.

Not a chance - ask FR. Or perhaps TheItalian will step into the breach.

Feel free to browse back and take a look - wasn't that long ago, and you were involved in the discussion too.

RICH3R, as I pointed out previously, basically your only contribution to this board is negativity (you pop up every now and again with a sarcastic or negative comment) - so good luck with that. My comment on tone was obviously too subtle for you - it is one of your pet phrases...

LOUD AND CLEAR - YOU'RE ONE OF THE ELITE LTH's. Hoorah. Yes, did you miss the memo when I sold...no, I see nothing pressing either in the fundamentals or the technicals that would encourage me to buy back in right now.

But since you asked so nicely. Yes, as you are fully aware, I use charts, and I was the only "chartist" out of the bunch on here that suggested that something technically odd was happening the day after the rise to 41.75p.

FR was abjectly wrong - where is he now? Back from hols or busy eating humble pie?

Not sure I like your tone...touche.

TheRouge - what is the basis of your assumption that the PEA is being developed to a close-to-PFS level? Sounds like pure conjecture. PFS studies are much more in depth than those for the PEA. A fast-tracked PFS takes a full year beyond release of the PEA, so there isn't a cats chance in...that the PEA is going to be PFS-esq if it is released in the next few months - and if it isn't then the share price is going to get hammered even harder than the current forecast.

Zoros, that last RNS opened a can of uncertainty. There are two main schools of thought regarding the PEA/CGP, I believe. The first, favoured by holders, is that this is part of NM's master plan. He is willing to create uncertainty around the quality and timing of the PEA to facilitate the merger with CGP. In doing so, he is playing the LONG game (after all what does he care about the short and medium term - he cashes out only at the very end). And therefore he couldn't give a fig about the effect this is having and will continue to have on the share price.

The other school of thought is that the mine plan and metallurgy is genuinely more complex than anticipated. Obviously, this could have a material impact on the CAPEX and OPEX, and therefore the NPV. What this impact will be is anyone's guess, but it remains an uncertainty, and it was important enough to warrant a mention in the RNS and a further delay of the PEA.

An update on the regionals is promised soon...but what holders really want to (or at least they should) hear is about the drilling permits. We already know that there are some super tasty outcrops etc. More super tasty outcrops isn't going to cut it. Drill permits and the truth bit are needed.

All this is burning through $10m/month and a fundraise is on the cards before the end of May, if history is any guide.

11 or 12. Potatoes, potatoes.