<<they don't like organisations doing something new that hasn't been done before and others are watching and lining up trying to copy and use he model.>>
provide evidence of this to back it up. Otherwise it's just baseless speculative conjecture.
of course it is.
They mining a proven reserve. 30k oz of gold.. is 30k oz of gold... regardless if its lefovers or not
All the exploration work, mining work, road works, processing works has been done.
They are paying less than £1m for it.
CICG is paying over £5m for a site that has NO work done on it.
"CICG tend to do 20,000 to 30,000 kg per annum"
'tend' ? as in they've done 20,000 to 30,000 kg before ?
yeh.... in some parallel universe may be,.
imho
lol... dream on
they'll have to spend £10s of millions in exploration costs first..... to see if it has even 1 oz of gold.. let alone kgs of it... and for them to find that out..... is years away.
at the moment they are spending over £5m on a pretty much an uneven footy pitch
imho
http://www.investegate.co.uk/ferrex-plc--frx-/rns/acquires-gold-mining-company-and-strategic-review/201511170700079068F/
Ferrex plc ('Ferrex' or 'the Company')
Acquisition of Gold Mining Company in Australia
So they are paying £930k in shares (just like CICG) for an actual proven mineable asset, that is ready to produce gold :
"Production targeted to commence Q2 2016, initially targeting 20,000 to 30,000 ounces per annum"
and what is CICG paying for their 'greenfield' property, that is years away from any sort of production (if it has any gold at all) ?
Answer = They are paying over 5 x more.
A company that has a market cap of over £18 Billion
listed on the LSE, ASX, JSE and NYSE
"are trying to follow" ... CICx stable of companies ?
where do such outrageous and outlandish notions emanate from ? (rhetorical question, as we all know where they come from)
"6-8 weeks was the explicit estimate of Stuie, which was well supported on this BB."
shareholders may just well find out that,. that timescale is actually pretty bullish.
Just like 6-8 weeks was being touted by various bulls when CICC was suspended.... how long did that drag on for before CICG finally listed ?
Whenever have any directors of a company ever told their shareholders anything that is anything but bullish ? No director will tell you that the shares of the company they run is a bad investment. They wont tell you you'll lose money if you buy the shares or the company is a basket case and like the past years they will deliver no shareholder value in the future. Would you expect them to do that ? They are effectively the PR of the company. It's their job to say good things... after all shareholders pay their wages.... would turkeys vote for christmas ?
For example, the bods of MTV, PYC & TRP .. i'm sure folk rang them up for a chat and were constantly reassured by their optimistic and wonderful bullish futures of the company. Yet what materialised ? You know if anyone rang the directors of those same companies now, they will still wax lyrical and tell you how wonderful the companies still are and what a great future they have. They conveniently wont discuss passed performance of delivering no shareholder value and instead convince the caller that its all about the future... forgetting shareholders have lost so much money on multiple such previous promises that failed to materialise.
Some people never learn from experience and still rely on PR the directors feed them. More fool them.
(All IMHO)
<<I don't believe the company ever mentioned a gold deposit. As the rns says, it might not go through. So, it is a wait and see game.>>
http://www.investegate.co.uk/cic-gold-group-ltd--cicg-/rns/first-day-dealings/201506230700268985Q/
"The Company's strategy is to make acquisitions in undervalued gold properties where gold is the principal commodity or gold mining is the principal activity, "
business model ? lol
what has the business model delivered shareholders (both here and canada) in over 10 years ?
Suppose you told the same sort of stuff to people that warned investors about MTV.. innit ? That they didn't understand "MTV's business model" ?
"17th one down"
oh dear.. its like spoon feeding people here.
Zijin Mining is a state owned company. It's traded on the HONG KONG stock exchange.
~It's a gold, copper and non-ferrous metals producer and refiner in Mainland China
Here are ALL the Chinese licenses that are presently in the possession of companies ... both explorers and miners.
Where's CICx ? Nowhere to be seen
http://i64.tinypic.com/10if04k.png