Member Info for theiceberg

Just trawling thru the accounts again..

We have 7m which the company has lent, to the staff to buy shares..this has to be repaid this year. Yet another reason why the shares need to be higher, as well as the share options. Plus money in the coffers. with the loan staff options and BHP options that's potentially quite a bit of money to come in.

Re required assets in the six months last year...I can't see much evidence of this in the accounts. We increased plant machinery and property by 4-5m...we saw a large increase in asset spending but I really think this was pfs and mre3 spending?

I might well be missing something and often do :)

Is another key week.
4 presentations now starting Sunday thru to the important one, the following weekend on ecuador day organised by the govt.
Also next week we have CG P financials and update.

We will imo get mre3 next week and this will be the starting pistol as it will be the final driver for resource worth.

A quiet week maybe this week.

Worth pointing out that just the increased gold price alone would give solg about 130m a year more than the pea. If we add in increased recovery and better mineralization as per mre3 likely finding the we get maybe 160-180m a year just in extra gold revenue over and above the pea.

I don't think many folks understand that to fill a copper hole in 5 years time there is only a handful of new exploration tier 1 project s in the world.
Cascabel is 5 years ahead of any potential site in Ecuador etc due to the amount of drilling it takes to prove up a tier 1.
F or production in the mid 20s you need the FS now.

BHP accounts released today talk about cascabel as BHP s copper option.
It is the only long term tier 1 option they have and there is no way they will let somebody else have the copper imo.

It's also funny how folks think Nick is god. He has no control over how long funding takes. He has very little control how long the mre takes as it's done independently by a third party and rightly so.

Nick will also make far more money from a higher share price than his salary.

This seems to be a bug bear.
It's really not clear whether we will fund cascades or not
We might sell it or some of it or a host of other options.

However it we do fund it then we have a myriad of options.
- Streaming. Already talked about professionally 1bn plus potential could be either selling the secondary product (gold) from cascabel or the copper at a minimum value. Ie the first 30c\lb of copper goes to the funder.
- Smelter royalty . Selling a 1% royalty for xxxmillions.
- Bond issue. See Ben for examples of this recently.
- Offtake agreement maybe with BNP and newcrest they get guaranteed product at a market price minus %

Dilution might be a solution but will always be kept to the minimum

Then sell......!!!!!

If you seriously think Nick will dilute his holding. Dilute DGRs holding and make the share options worthless then sell.

The market manager to fill the 400m at 19p as well as a few other decent buys. A buy just now at 110k at 19.01.
Same plan as Friday where the smaller buys were soaked up, then later in the after the sp rose to get more liquidity. Which would be nice.

As to funding etc....maybe a few folks need to understand the mining cycle for a company.

The sp will be materially higher by the 1st March and that is a prediction I am happy for folks to call me out on.

Higher bid than at any time in the last 2 hrs of trading on friday. Which is unusual. I want would have expected a bit around 19maybe 19.1p
Still 400k Sat at 19p. But seems like shares are still wanted in the 19s
Shows how misunderstood the half year was and how they took advantage of it.

Well well.
We have newcrest then cornerstone and finally just before the govt finished Nick and solgold..

I have a feeling that mre3 and Blanca could well be released in the week leading to it...if not before.

https://www.pdac.ca/convention/programming/presentation-reception-rooms/sessions/presentation-reception-rooms/ecuador-day

Let's leave politics out of it.....

and we are blue at 20p!

Maybe they are certainlysniffing

And up we go!

There is No way they could have sold it for that much without even a PEA..we didn't have the maiden resource until the end of 2017.

I am sure I just saw a 1m buy pop up and then disappear again... Could be my age though :)
Whatever it was the book change a bit maybe in time for the US opening like yesterday.

Since your a trump fan we can ignore the larger trades above the ask and have it the other way if that makes more sense to you.
They are holding on to the shares to sell in Small amounts at a loss...

Any shares gathered are then quickly packaged up and resold higher.
Still the 400k goes unfilled.I

There's lots of possibilities.

All of them pretty good.

Buy waiting on the bid at 19p to be filled.
Just like yesterday I wouldn't be surprised to see a very strong day particularly from mid day onwards

No surprise that as I type this the buys have gone back to higher than 19p

The market is simply folks buying in yesterday to try as make a quick buck off today's news...They then sold because there wasn't any new info.
That's the crux no new news. Except the burn rate for sep to Dec which is far lower than most thought...
What new info is the market reacting to?