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@EvenPrime @PamplonaTrader your third image link didnt work
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from #tk,
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@PamplonaTrader So close to $SOLG.L TSX listing.
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from #cgp,
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@PamplonaTrader My guess is spinco.
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from #cgp,
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@PamplonaTrader Echelon and Jitney were paying a premium over Cascabel par value on Friday. I am guessing Sprott was in CGP mgmts ear about unlocking value from it's other assets ASAP before $SOLG.L or anyone else had a chance to take it all over for free?
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from #cgp,
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@PamplonaTrader Once $SOLG.L is listed on TSX, there were ppl worried about a rotation out of $CGP and into SolGold, what would it take to keep money in $CGP? For me it's the "no brainier" takeout thesis... But a spinco would help.
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from #cgp,
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@PamplonaTrader We find out soon, either way.
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from #cgp,
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@PamplonaTrader Would be a very smart move by mgmt. A spinco so close to $SOLG.L uplist to TSX would also play up to the takeover speculation buzzing in the market.
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from #cgp,
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@PamplonaTrader The problem with the spinco theory is that the spinco itself might be vulnerable to a hostile takeover if it's shareholders do not understand the value of its assets. $CGP also do not have much cash, under C$2.7m... So will need a big JV partner to unpack value from the projects or a big discovery (Bramaderos? Historic trench results 41.7m @ 3.7g/t Au).
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from #cgp,
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@PamplonaTrader @BS, I would guess some kind of standstill in place for NCM. They are already aligned with the BoD and they don't want to piss off $SOLG.L by front running and taking out $CGP.
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from #cgp,
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@PamplonaTrader That doesn't preclude BHP (who tried last fall to get a piece of Cascabel and may have been shut out yet again last week) or Rio from making a move on $CGP. By taking out CGP, at worst, BHP/Rio would have to settle for a 15% minority interest in Cascabel and the portfolio of Ecuador projects. The majors would obviously prefer an operating interest in Cascabel. Taking out CGP and their 15% economic interest in Cascabel would get a BHP/Rio immediately caught up with NCM.
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from #cgp,
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@PamplonaTrader weirdly long halt
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from #cgp,
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@PamplonaTrader I have heard that from reliable sources as well @unzincable - multiple CAs (P.S. you should remove the brackets from your handle)
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from #tk,
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@PamplonaTrader At 30Mt, Ayawilca is going to be a mine. The smaller operators are certainly watching/running a ruler over Ayawilca. At 50Mt+ the majors will be more than just "watching".
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from #tk,
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@PamplonaTrader @0Kib, no doubt this NLW has his sources. I also have mine.
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from #tk,
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@PamplonaTrader well, there you go.
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from #tk,
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@PamplonaTrader Welcome to the partay @BDMinefinder $CGP
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from #cgp,
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@PamplonaTrader @pete, Irwin exchanged his shares in $SOLG.L for $CGP. Non-dilutive for $CGP shareholders - Now 19.25% economic interest in Cascabel - and makes $CGP a buyout for more than just $SOLG.L.
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from #cgp,
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@PamplonaTrader Irwin showing he likes the team better at $CGP as well.
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from #cgp,
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@PamplonaTrader Those who were planning to rotate to $SOLG.L once they list on TSX might have to think hard now. Remember $CGP is carried so shareholders more insulated from dilution.
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from #cgp,
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@DJS @PamplonaTrader I agree -- two additional benefits are that $CGP can now be considered a takeout option by more than just $SOLG.L, and the value of $CGP's carried interest is now much more in the spotlight. Both are positive.
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from #cgp,
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@FatherTed Re @PamplonaTrader absolutely WI choosing his favourite mgmt team, based on what he had to say here a while back.
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from #cgp,
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@PamplonaTrader @CriticalInvestor who is getting carried away? Though CA's aren't anything to get wild about... It would certainly be interesting to know with whom a CA was executed as it could give indication of ultimate potential/size of Ayawilca. A CA with Trevali isn't the same as a CA with BHP/Rio/Teck.
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from #tk,
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@CriticalInvestor @PamplonaTrader of course, but that's all hypothetical, something you and I will never find out until buyout. And Team Carman is too professional for that to have this leaking somewhere. Always kickin' tires going on somewhere, I know examples for 3-4 years, still nothing happening. You can't base any investment decision on this. Just my 0.02
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from #tk,
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@pete Look, @BDMinefinder, the guy who was pounding the table on another great Tier1 project $nxe, has just deployed millions in cgp. Huge vote of confidence for the cgp mgmt team and their assets. As @pamplonatrader said all year long.. small chance cgp will live to see 2018
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from #cgp,
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anonymous How come there's nothing from @pamplonatrader on $NXE, is he still holding?
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from #nxe,
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@PamplonaTrader Just bought a few at $2.49
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from #nxe,
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@PamplonaTrader @robo the only thing Warren would confirm is that he has lost faith in $SOLG.L management and that he doesn't agree with their strategy of gradually selling to $NCM.AX and at a discount. He also says Brooke has a like mind and understands how to create value for $CGP. I think there is alot more to this story and on both sides. In my view, Mather has been playing a bit of defense since spurning $BHP in favor of $NCM.AX. In the UK, disclosure rules require reporting when more than 3% of the company is acquired. In Canada, that threshold is much higher at 10%. Perhaps the reason $SOLG.L delayed TSX listing was to prevent $BHP or one of the other majors from sneaking up on them. I think maybe there is a reason why they are pursuing TSX listing only after $NCM.AX (who is required to align itself with $SOLG.L's BoD) established a 14.54% toehold on $SOLG.L. Now that $SOLG.L has consolidated control of its share registry and its balance sheet well capitalized, they could have it in their minds to play some offense. I think it's time they go after $CGP to consolidate control of Cascabel and also their presence in Ecuador. On the other side, I think Warren and Brooke made a brilliant move. $CGP needed to recapitalize the balance sheet and they also needed a stronger shareholder base. Brooke achieved both these things AND increased our exposure to Cascabel via 5% shareholding in $SOLG.L. $CGP is now even more enticing to a major like $BHP. By acquiring $CGP, they can elbow their way into Cascabel. Instead of showing their hand after accumulating just 3% of $SOLG.L, they can grab ~19% economic interest in Cascabel in one move by taking out $CGP. As for Warren... this move was a masterstroke! Having gotten sick and tired of Mather shrugging him off, I think he positioned himself in $CGP to get the attention of the $SOLG.L BoD. $SOLG.L would be stupid not to take out $CGP and consolidate ownership of Cascabel... and when they do, they will have to offer Warren a seat on their Board. Genius!
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from #solg.l,
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@soulMiner @PamplonaTrader Thanks. Nice logical explanation for what's happened. Hope it plays out that way. Seems a lot of chess being played by all parties.
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from #cgp,
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@PamplonaTrader Zone 3 basement rocks deeper than expected. Good news! Lots of limestone to drill. Also, in past conversations I was told that the company would test Chaucha if there were positive indications at Zone 3. Guess where the 4th rig is headed as we speak?
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from #tk,
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@PamplonaTrader They could have sent sections of the hole for assay before reaching target depth. Like hole 56. My thinking is that they want to keep drilling until they reach the basement unconformity where they should hit tin-copper mineralization.
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from #tk,
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@PamplonaTrader What I am speculating is that they may have seen enough visually and in XRF reading that they were comfortable sending a rig to test Chaucha.
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from #tk,
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@PamplonaTrader Alternatively, would they continue to drill 1km+ into Zone 3 if they were pulling crap from the core? In my view, they must have hit some paydirt and are continuing to drill to investigate possible tin mineralization at the basement contact.
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from #tk,
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@PamplonaTrader If I were them, I would also want to test Chaucha before any decisions to expand the drill program. They need to get a handle on where/how much to drill and what that will all cost.
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from #tk,
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@PamplonaTrader As I alluded to above, they are mobilizing the 4th rig to Chaucha as we speak.
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from #tk,
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@PamplonaTrader Meanwhile, South and West Ayawilca seems to be developing nicely. They are stepping out all around West Ayawilca, it's clear this higher grade zone is going to get bigger. Also, hole #78 at South Ayawilca suggests positive results from holes #71 and #75. Drill baby drill!
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from #tk,
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@PamplonaTrader Don't want to put the cart too far ahead of the horse here... but sweet Jesus, if they hit at Zone 3 AND Chaucha... that is at least another 1km of virgin strike! https://www.tinkaresources.com/assets/img/2017-03-06_nr-j2unaj-map-01_sm.jpg+ https://www.tinkaresources.com/assets/img/image002-20160928043309.jpg+
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from #tk,
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@benduck @PamplonaTrader Sorry, what does "XRF" stand for? TIA.
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from #tk,
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@PamplonaTrader X-Ray Florescence
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from #tk,
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@benduck @PamplonaTrader Thank you, much appreciated.
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from #tk,
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@Rulingmining @PamplonaTrader why does NCM.AX 'have to alignwith SOLG BoD. Don't they get their own vote in their own interest?
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@PamplonaTrader "The agreement also provides that Newcrest agrees to support certain transactions including change of control transactions in SolGold which are recommended by the Board"
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@KaveatEmpty @PamplonaTrader u r the best promoter I have ever observed on any site since 2001 my hat is off to you for some wonderful work.
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from #tk,
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@AldenTyrell @PamplonaTrader Nice explanation about #solg.l That's a spin I didn't consider.
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from #solg.l,
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@SavShare @pamplonaTrader thank you for your explanation - very interesting perspective, even for a Solgold holder :)
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from #cgp,
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@pete @pamplonatrader adding to that 19% could be 9.9% obtained after tsx listing.. thats a chunky 30% in total!
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from #solg.l,
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unzincable Just thanks for doing what you do. I would never have found Cornerstone otherwise. I have held TK since Christ was a cadet and appreciate your comments more than anyone else. Thanks--joe
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@KaveatEmpty @poolman I would call him @pamplonatrader "good/excellent" at whatever he does but in the end, he is here to drum up support for the stock so if that means he is not a promoter, then let's just call him an armchair analyst. He sure is good, though!
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from #tk,
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unzincable @PamplonaTrader You are far more aware of what is typical than I am, so I must ask. Are you comfortable with Tinka stock option proposal and do you consider it to be fair compensation in relation to other explorers?
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@AldenTyrell @pamplonatrader You might like this chart ;)
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from #hmy,