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Hi
Id love Rio to bid for CGP!!!
Imo Nm also wants a delay so that he can demonstrate value on some of the other assets.
At the moment SOLGs value = their interest in ENSA. If there is demonstrated value elsewhere that will help massively with negotiations
It is interesting that no one else has shown their hand. Going to be an interesting quarter
Hi Mog,
The way I see it is that NM wants to retain control. There is a standstill (at the moment) for both NCM and BHP re CGP.
If a third party bought out CGP and then teamed up with either NCM or BHP his control would be a lot weakened. If the third party teamed up with them both then he would have lost control.
I believe NM wants to buy time to increase the value of SOLG before an inevitable buyout. Hence the standstills with our two big miners.
Hi Lostagain
I think its possible that the metallurgy and the mine design were taking additional time. I also think its possible that these are being used as convenient excuses to delay the PEA till a time that better suits NMs plan.
If I were to go for one of these, it would be the latter.
GL
Im sure its hard zoros but bear with me.
Both Solg and CGP have risen similarly over the year as their fortunes are closely tied together.
I was pointing out your rather disingenuous posting of the CGP rise without referencing the near identical SOLG rise.
Eunuch, ha ha. Very funny, been a while