Member Info for zoros

Redknight - wow...typing for britain today ;)
I too have been digesting 'stuff' from CGP.
Couple of obs on your posts.....

NM has categorically stated the BFS (which he refers to as the "FS", time and time again) will be "towards the end of 2021. He has not been more specific on this. And as Quady states the repayments from CGP will start after the "BFS". So it gives CGP a few more inches in the hangmans noose! (Approx another year to find the dosh).
Secondly you mention their "going voncerns", verbatim. These 'clauses' are common on many mining publications, in particular, Solg state them at the end of their juicier RNS's. It is a generic clause twiddled with to fit their particular operation. Nothing to be alarmed at as it is a regulatory thang!
CGP have contradicted themselves:
With the PFS date.
With the FS date.
With their paubacvk responsibilities.
Just goes to show what being amateurish - actually looks like!

They state that IF a FS is completed (???), they will then have a clear picture of what Cascabel is worth and will fund it at the rate of $150m/$1Bn of mine value. It has been suggested that Alpala could over-run to £5Bn! That will mean $750m please CGP!!

PS: CFP stands for Conditional Finance Package.....;)
Regards
Z

This $7.7M they want now, is o pay for admin, stationary and odds and sods.....NONE of it is going to be spent on any exploration and yet somebody out there will take up the offer - you couldn't make this up!

Will Warren I buy into this mirage I wonder?

Serioussloth - good on you matey!
Now you can contribute monthly....all the way to production!
Z

Stebol - had to laugh...sorry! Most of my airline pals are twice even thrice divorced.....too many distractions! All broke now!
Z

Lebugue - it's just a JCB and a couple of hours work!
https://www.youtube.com/watch?v=cvcn9R88xRk
Z

Sensibles - did Karl say that bit about the PFS or are you inferring it in your post?
Z

The London office (Eliza) returned my call this morning after promising to call me yesterday.
I advised them that I was about to vote but needed to clarify the PFS date advertised on CGP's web site. Citing the fact that NM has stated it would be this year. There was therefore a conflict and I wanted to know if NM was aware of the CGP publication and statement. Eliza said this would be forwarded to the hierachy soonest and that she will respond with the answer.

Hmmm?
Z

Yes - just spotted that Schlem

So here from 3 days ago (23rd):
https://cornerstoneresources.com/site/assets/files/5534/cgp_corporatepresentation_2011.pdf
Page 10, we have:
"...Pre-Feasibility Study(“PFS”)
•underway, expected to be completedQ1 2021, with definitiveFeasibilityStudy end of 2021...."

And here from today:
https://cornerstoneresources.com/site/assets/files/5777/financials_mda_3q20.pdf
Page 13, we have:
"...SolGold has announced that a Pre-Feasibility Study (“PFS”) is expected to be completed prior to the end of Q4 2020, ..."

WTF??????
Z

Sorry should have responded earlier but got called away.

OK here goes, some homework for you to help you understand what you are spending your money on. Caution, TIME is needed in bucketloads!

GL

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The following is essential reading:

1. https://ggphelp.co.uk/
2. https://www.youtube.com/watch?v=Q34v4V_Fxds
3. https://geodocs.dmirs.wa.gov.au/Web/documentlist/8/ML_NUM/M45%2F1287
4. https://www.youtube.com/watch?v=5woCaxXB7Jk (Example of block caving)
For starters.

Here is what you have bought into:
https://www.rapidcamps.com.au/site-solutions

Estimates for the stock range from 50p up to £1.44p by one poster!
What we do know is that this development is almost a racing certainty. Why:
11 x brilliant news updates.
Recent discovery of additional resources at Havieron resulting in a 25% increase in original expectations.
Competent Major partner onboard.
Telfer processing plant nearby.
Infrastructure under construction now (roads/accom)
Nearly all approvals and permits obtained.
Box cut starting in weeks. (awaiting permit for early works).
Decline starts end of 2020, early 2021.
Income generation on completion of Decline / start of production.
Full production (block cave) - in next 2 to 3 years.
Transparent management board.
Cheap Capex.
Independent MMRE expected to start @ 5+MOz and upwards. (Havieron only).
Scallywag drilling (a possible 2nd Hav!)

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Any questions - do not hesitate to come back to the forum - someone will help.
And welcome by the way!!

Z

Rusty - do you genuinely want to understand what you are buying into, or a you a passing punter?
Z

Rustydog84 - you still with us? I have a question for you.
regards
Z

Incoming by end of this year:

Scallywag update.
Extended intercepts (@Havieron) update.
MSCI addition to index – 30 Nov 2020.
MMRE - Dec 2020?
Newcrest interim report 7th Dec?
GGP AGM - 8th Dec.
GDXJ top-up – to be completed by 11th Dec?
Box Cut and start of Decline?

Z

Incoming for the remainder of the year:

PFS (Alpala). Dec quarter. [awaiting confirmation from Solg towers].
CFP. (Could be delivered separately from PFS).
Porvenir:
[Assays for >580m. PDH-20-001].
Updates for PDH-20-002).
Blance/La Hueca update.
Rio Amarillo (Dec drilling) update.
AGM - 17th Dec. (Closing date for voting: Dec 15th).

Z

Wrong board (effing broadband down!)
Apologies
Z

Incoming for the remainder of the year:

PFS (Alpala). Dec quarter. [awaiting confirmation from Solg towers].
CFP. (Could be delivered separately from PFS).
Porvenir:
[Assays for >580m. PDH-20-001].
Updates for PDH-20-002).
Blance/La Hueca update.
Rio Amarillo (Dec drilling) update.
AGM - 17th Dec. (Closing date for voting: Dec 15th).

Z

Lostagain - I tend to agree with you...CGP are closest to the action, I think, hence the insider fund raising. If this is the case, I would imagine their dealings would be illegal if there was significant corporate or operational action which spiked the SP?
Z

Hydrogen - the trouble with you is that many on here hang off every word you 'print' ;)
Therefore to save disappointment when the results come out can I ask you to promote a more conservative Au Eq. please. Pretty please!
The mind begins to melt down @ these figures! Bamps and you need to take a cold shower!!!
Best
Z
I like the idea of 5-8M Oz.........and plan around it. I suspect the brokers and others are doing the same. Anything above this will put one of your rockets under the SP.

They don't like the opposite happening in my experience......

Z

Just voted:
Resolutions 1 to 11: For.
Resolution 12: against.
Resolutions 13 to 15: For.
Z

Has this been posted yet?
https://www.telegraph.co.uk/business/2020/11/26/next-commodity-supercycle-may-already-underway/

"Berenberg highlights this as another key to the investment case for Greatland Gold and says: ‘Deposits such as Havieron and Telfer do not occur in isolation so we believe that it is likely that other economic deposits could be found in the region as the company works through the list of geophysical targets for follow-up. The discovery of a second Havieron-style deposit or similar would be transformational for the shares"

Z

Rosy895 - I'm always happy to give a newbie a chance.....would you care to expand on your view, please?
Tx
Z

If NM is worried for his position - then the sooner he can dump good news onto the public stage the better. This will bolster his position.
However - as we get ever closer to the AGM and nothing of note materialises then I suspect he is not a worried man.

I rang the London office today and asked for confirmation or denial of the CGP statement regarding the PFS delay stating that I needed to assess whether I can rely on what NM tells us in webinars (past and future), before I vote next month on specific resolutions.
They informed me they would revert ASAP.
Not holding my breath, needless to say.
And now we find they have hired an Investor Relations guy.......Couldn't make it up.
Z