Member Info for theiceberg

Just checked and they have already passed a resolution to issue shares for CGP in a takeover so cancel that one.

Markets are massively manipulated we know this...occasionally the brokers do something so obvious and so public they get caught but it's normally just a fine..see cornhill . They clearly broker the law and I was very open about it to them which they never denied. Major manipulators and c nuts such as lenigas also exist and prey on the market.
East Europeans and Russians are also heavily involved as are, for some reason Cypriots??
National banks such as JPM , barcap, Goldman also play dirty without sufficient Chinese walls and manipulate markets see interest rate markets or Enron .
CDO and monos back in 2008.
The fsa doesn't know or care and can't touch it unless they have 100% proof.
As to market makers. They are their to create a market. If they have a sell order for 500k shares then they can move the market legally to offload them. It gives them massive leeway.
Equally dma gives a big chance to manipulate.

I worked for a national bank and helped them deliberately route 3-5bn of payments a day through Germany as under German banking law the first corry bank can take a 1% fee . The ECB learnt of this but didn't really care, slap on the wrist and an order to stop, so the bank just moves onto the next thing.

Quady I would have thought 're the major shareholder that Nick would be on the phone giving them 1-2-1 talks to win them over. These seemed to be aimed at th small investors who he might need.

Just a though but if Nick makes a formal share offer for CGP does he need shareholder consent at an egm?
If he put in a bid for another company not CGP he would need shareholder approval. I am thinking one of the many smaller Ecuador explores valued at 2-10m maybe .?
Who know I am just trying to think a bit outside the box.

I have no doubt that's a reason, but do doubt that's the reason, share prices just arnt moved particularly on things like this unless they are small 5-10m mcap companies. Don't get me they are great and give small investors the info they want..I really enjoy them and hope they continue, but serious investors don't generally buy on webinars and they are needed to break 30p imo.
It seems to be more about making existing investors happy maybe it's so they vote down any potential hostile bid.? Rather than pushing the price higher per se.

I think we need to examine why Nick and team are on a charm offensive atm.
I've always very sceptical of company's that do this as it normally indicates a placing.
For solg though this isn't the case. They have just raised 150k and are in no hurry to raise more imo.
There is the claim that this is to raise the price to prevent a low ball offer. I can see this but Nick must know that the best way of doing this is not with us private investors but by reaching out to HNW and II investors. I can see that this is a reason but not the only reason.
It could be to raise the temperature for bidding war, but again this isn't the best way of doing that. So again a reason but not th e reason.
It could be as he said on Tuesday to convince CGP shareholders that solg is an open fresh company so accept the bid, but again I am not sure this is the reasone
It could be internal for Ecuador to show Ecuador that they mean business. et c
It just be all the above but I have a nagging feeling there is something else and I can't put my finger on it.

Is this like only those kids reading books
No floppy
Floppy no
No floppy no
Bad floppy.

Don't worry about zzzzzoros he's either positive or negative depending on which side of the trade he's on..bit of a joke really on the board..
Btw he doesn't own 500k share. ;)

Agree AK, Nick was a big annoyed that the sp is this low..and you don't pay citi for nothing.

CGP arnt really unfriendly, more irrelevant. If it was just CGP then we simply ignore them.
Unfriendly is somebody with the power and ability to make use of what CGP have.

It's a big deal bozi
We don't want the 8% of solg shares that CGP has in unfriendly hands..or at least that want to buy solg cheaply
Of slightly less importance is the 15% of ensa.
Imo

I thought he said 15m ie the bridge loan

The buy for cgp to come at a premium to their sp as well so very happy to hold that as well. Should be 4.5 to 6 dollars.

Tsx is closed today as it's a bank holiday in canada..

CGP can't sell its share of ENSA without offering it to solg, however it can sell its entire company. This is probably the plan for them. If solg want it they will have to move sharply otherwise newcrest or BHP get it and the 8% of solg shares. BHP with 22% nearly 25% with warrants would be a powerful position.
Yes I know BHP have a standstill agreement but there are plenty of friendly companies that BHP can rely on.

Yep rose sharply again in the last 15 mins mostly a single buyer.

Highest CGP volume for over a month and the highest in the last 3 months if you discount singha big day 200k buy.
The 1% that was sat on the ask side at 3p vanished with 40k of buys..
Solgs trading was pretty boring today but a nice little gain with some buying into the close..
No chg so far on solg tsx

What news is due in the next few days?

I am pretty sure Nick will be smiling....he certainly won't have any influence imo as to what is tweeted...it will likely be Elise or a junior who will be asked to tweet certain subjects...I am sure he looks though and is smiling.
Official phone calls with Nick BHP and newcrest will be bluntly honest, nothing in that tweet will new to them.
Again just my opinion.

Everopeful it’s 47k shares traded so about 12-13k but not in a lump sum but most with a single trader. So likely lots of small buys. Tsx does not Have. Market makers but lots of brokers with dma access essentially. So you can only buy what’s on the ask or bid and hope you get it.
Basically there is no liquidity so it will go quickly up and down. Even saying that though 59c is an impressive level you have to go back to May last year to get into the 60c range.