Member Info for theiceberg

It's DGR qterly release.

Just re reading the cgp accounts quarterlies and guidance.
Doing a bit of number crunching they have about £300k in the bank currently. They also need to raise by the end of Feb to remain solvent under tsx rules or issue a special notice.
A further point is the chg in accounting methods for their Cascabel valuation. An increase in reserves and increase in reserves to measured would give cgp a much bigger asset valuation.
In other words a new mre would make it much easier for cgp to raise cash. Also it would make it more expensive for us to buy them out.
I do wonder whether we are waiting on a really crap cgp fundraiser to destroy their share price making our offer seem better and showing the cgp bod as being rubbish.
So a timeline of.
1 cgp fundraise first half of Feb.
2 cgp offer.
3 new mre
4 Blanca phase 1 results from als.
5 regional updates

Etc etc

Could all be rubbish. But it’s yet another reason why Solg are having to keep shareholders in the dark.

The market doesn't care about the mre delay or any news....regardless of what some might say..
We are pretty much bang on the 3 mth average.
News or lack of it is irrelevant...
What I am most looking forward to are the regional news...the heavy hints that the good grades are going to be rather special

There is room for those wanting to comment and those wanting to wait...
Anyway. Despite the price, any buy above 30k shares (the market size) has been above 20p....the rest is illusionist dross...I

're cgp selling solg shares to raise the money....they could but it would only raise 30-50m..enough for the first tranch. But they would be in the same hole a few months down the line when asked to pay for 2021 further capex..but with less of a share on the potential benefits....
It would be better for them to agree to something now...maybe a 3% free carry to production and keep the solg shares to benefit from the project...

Once we get to h2 2020... There is little incentive for solg to do a deal..better for solg to wait them out.

One possibility might be cgp waiting for indicative cap ex funding I see what if any dilution might occur to their solg holding.

They might be waiting on this, if they are being offered 30m in solg shares for example instead of a free carry...
Lots of possibilities, but all pointing towards a h1 conclusion

Again. You troll.. To call you out the said paragraph refers to CGPs claim of owning 23% of alpala.
They dont...they later clarified it refered to direct and indirect. With the indirect giving them no say or ownership rights..
I might own .1% of solg shares it doesn't mean I am the .1% owner of alpala
This has no reference to monies owed by CGP on completion of BFS.

I was prepared to give you the benefit of doubt. But your response shouts troll..
Under Canadian law (they take this far more seriously than aim) cgp would be publishing illegal information as per it's 2012 release if they are now saying it's incorrect .
Either provide evidence that Irwin does dispute it or evidence that the joint CGP\SOLG release is wrong or admit your trolling...

It's not unsure...the conditions were released by cgp 10th April 2012..
They have to pay a fortune when the BFS is produced and pro rata there after . Solg have according to the presentation preloaded cap ex to 2021 meaning massive further money that CGP have to find this time next year..

None of this is unsure...

For me two key points..
1. Blanca new target is expected to be richer than fruta del norte...Ecuador's biggest tier 1 gold mine...
2. Notice that from this time next year cornerstone will be expected to pay very large sums of money.more than their mcap..or lose most of their rights...

A also slight delay in pfs probably to april..but BFS still starting on time and finishing at the end of the year.

Cgp buy at 3.5, up 10% today..light volume but the same price as last August when Solg was 26-27p
New presentation out this week. With updated timescales.

I agree that the market wasnt sustained from the first 10mins...although it certainly shows interest..Also that we need to see a bigger market...but so lg has only achieved 10m+ on a hand full of days in the last 2 years. It rose from 20p to 40p with this only being achieved 2 or three times I think and then with only a max of 11m.
The biggest problem we have is the constant selling...ATs are keeping the ask down. Without them the bid would be stronger.

I've said before that I think this is the reason why we arnt getting much news...mre won't really move it much by itself we need drill results. ALS results in quick successon.

Traded in the first 10 mins...on a none rns Monday morning.
I can hear the creaking and the whispers.

Obviously still low from our standards..
But cgp have their highest volume since October. And their 3rd highest in the last six months.
Still time for more trades as well...

If I was an experienced Aussie miner. I would probably want a nice build up to the pre in march...
Mre in a dead Xmas period wouldn't be on the timetable.
Instead it would be Jan with regional results in feb.
Maybe some good paid PR in feb.
Then a rabbit out of the hat beginning of March maybe some future financing or a BHP offtake agreement worth xx billion.
Maybe some thing aggressive for cgp

The sp will be played with until this starts but who cares...

Sorry if this has been posted but James is heavily into solg. It's came out yesterday.
https://moneyweek.com/519864/the-investment-ideas-for-2020/

The trade that sticks out this morning is the reverse trade from 11.06 yesterday....
I 00k that went through yesterday dragged the price down, then is reversed today...fancy that.

Well we know that cornerstone don't want to maintain a good relationship, their answer to the takeover attempt was pretty strong against Nick !
As for Newcrest we don't really know what they want, nor how they intend to get it.

A simple if annoying copy and paste.
I've seen Holding RNS's that have been misread and knocked 20-30% of a company before.
Apart from that the RNS was really nicely laid out IMO, making it very clear what has happened better than the simple release of the forms.

I contacted SOLG yesterday asking for and legal requirement of the change in holdings of the notifiable holders after the change in share issue. With particular emphasis on Blackrock. Hopefully we will get that soon.
nice to know though that Cornerstone and or Newcrest are not playing silly games with their shares (although they could still have lent some of their shares out)

Sorry early again but what's wrong with that?

My bad. Obviously too early in the morning for me.