Member Info for theiceberg

I've got an idea why don't we sell cascabel?, it doesn't matter that we don't know how much it's worth as we don't even have a PFS, it doesn't matter that we don't even know what's on the license, so what it we miss maybe another Intrusion based PCD or two that might be just as big, it just means the lucky buyer gets 2 or 3 for the guessed price of one....

CGP hadn't sold some shares and newcrest and BHP had brought some on the open market they might have won that vote....
Lazy buggers.
They didn't even cash in their warrants....

They were passed rgl, nearly 16 months ago, but they applied to pre emotive rights and the CGP takeover.. Is there anything which will stop solg from doing what it's doing now? Does it need to pass these rights?

The rights are interesting as they mean that any share offer just be given to existing shareholders....
But itfa share offer has conditions attached such as you can't sell for 12 months or the shares contain a standstill sti!l agreement etc they can get what they want.

But addict all of that has been the case for months....CGP and newcrest have been able to call an egm for months and years. I've already spoken several times about the special res...

You know what ship, I don't believe they do...if both newcrest and BHP had tried a different fact and had BOD members as is their right, then with the NEDs etc they might have had a chance to do it with some dignity.

I forgot to add the special resolion argument when we havnt been able to get one of these through for ages...quick question when did we last get a special res passed?
I

Darren the sp didn't end red if you want to be pedantic it rose from 36 wed close to 36.1 Thurs close.so
It's like wack a mole.
We have a changed reality then you ask what's changed as nothing has, then we move on the board can't govern in this situation, then the market viewed it negatively. Each time nothing to back any of this up.

You know you've lost the discussion when DB support you :)
I must have missed the share fall yesterday, the collapse as the market hated the outcome.

The market has certainly not taken it negatively!
It's just continue as normal, 3 shareholders with 35% that want to either sell and get their hands on the minerals and the rest of the shareholders who want to get value.

Again addict we haven't had the support for a special resolution for ages just CGP and newcrest can stop that.

CGP haven't supported us since the wheel was made, CGP haven't supported us since Franco and BHP tried a takeover years ago..none of those companies would support us for months and months so what has changed now?
Why could we run a company last month but not now.?

Addict why?

Did half of all shareholders vote against nick?
I must of missed that because I thought it was 3 shareholders and a tiny 1.5% of the half register..
Can somebody explain why Nick has to do something?
Can somebody explain what this new reality is?

As far I knew, we knew that CGP wanted to sell and both newcrest and BHP wanted to get hold of the minerals for months, so what's changed?

The only thing I can see that's changed is Nick has been reelected, he's been given lots of shares to play with and a majority of shareholders and votes have voted with nick.

About 35%

Lafitte, that is exactly the point. Bh p can't do anything about giving a company say Franco 10% with a standstill and committ ment to vote with the BOD for 12 months, it gives Nick an almost certain stay as CEO until DFS and the conditional funding is drawn on.
Nick can still enter a JV with say barrick and BHP can do nothing about it.
The special resolutions were never going to passed as cgp, irwin, newcrest etc have 22-23%.
Bhp can give solg money to help them and maintain there % or they can bid with a hostile premium....neither are good options.

Serious question, what makes them important, or more important than Nick winning and being able to allocate 1 billion shares..

So say what the key resolutions are and what power BHP has now?

Addict, BHP CGP and newcrest voted for themselves...part from those people voting for themselves they got 1.5%.
My first post Was to say I got it wrong....I gave BHP far too much credit...I thought they wouldn't throw their reputation into a losing strategy of direct opposition. They did. Now they have Jack S. Nick still there with a share book open to dilute their holdings, any attempt of a friendly JV out the window.

Maybe I am......

1.5% f all.