xstrata behind takeover preparation?, page-34

Well said Tweets,

I may not have put it so diplomatically.

Your post is a summary of how it is out there. Most Junior exploration company CEO's, on the cusp of production, would applaud loudly.

especially:

"Yes, he's probably gone about a few things in an unsophisticated/heart on his sleeve kinda way, which you would never see any of the 'suits' or the 'big end of town' do - but sheer force of will is how he got this Company going in the first place. He's drilled the heck out of Rocklands (as he said he would), and proved up the resource to create value and measurable evidence for shareholders and for THAT he does deserve much credit."

Lots of CEO's, with good resources and a real desire to make it work for shareholders that now find themselves in a dire market pickle, would totally agree with you thoughts.

It's bloody tough out there in the Share market.

But not so much in the private companies. From my experience, private and not public dealings are getting favoured treatment.. for good reason ..no shorting and less compliance issues.

As for Greenpines, who started the thread ..well ..he MAY be right.

Xstrata won the Ernest Henry mine .. Cu, Au, Fe.. In my opinion they need feedstock for a depleting mine, they surround CuDeco tenements (think MIM) and you only need to research the E1 Camp mine and offshoots of E1..E2 etc.

Then:

For the detectives out there .. punch up the historical drilling data in the immediate Rocklands region from 1980 onwards. Look at the relinquishment reports by MIM when they went over the Chum Vale/ Fairfield /Chum etc trenching/historical mines ..all of which encompass the CuDeco Rocklands project.... Read why they relinquished, then you might understand why Wayne thinks outside the box.

What's the old saying "another mans junk is someone else's treasure.

Wayne found the treasure amidst some ones junk pile.

Pity MIM,CSR et al did not drill or dig deeper, but then again..it took someone like Wayne to do what had not happened before...because the Big Boys decided the stream and rock chip sampling was not conducive to a big money spinner in the 1980's or thereabouts.

MIM still surround CuDeco ..bear in mind that the 1980's the Cu, Au prices pale into insignificance compared to todays "low Ball" prices.

The Chinese know this ..they are no fools. Copper is long term short supply scenario ..in the ground ..don't believe me ..DYOR.

For all the pundits out there that say ..there is a bucket load of Cu in Mongolia/Chile etc ... There may well be ..but it's in a porphry environment ..meaning huge area ..with low grades ..just like Olympic Dam ..takes a lot of CAPEX and time....by the way there is a massive Felsic (Porphry) system nearby called the Williams Supersuite.

The detectives can work it out for themselves.

There is one private company next door to the proposed Cudeco tailings pit and MIM .. I will say no more.

There is a lot more to a Chunky meat pie than gristle!!??

Pity there are so many detractors and down rampers on the CDU threads ..Ahh well ,I suppose everyone has their own Agenda.

That's the market for you ..and that's why I do nor bother investing in the resources sector anymore.. no the market in general...pity.

However, I can look back from a distance and make a comment ..as I see it.

The Downrampers/ Uprampers /Sadists/Flagillists /masochists and the realists are all allowed a QUALIFIED opinion.

I am with the perceived underdog in any argument.


Cheers and have a great night and make lots of money in the NFY, whatever your bent is .. as you get older you tend towards NFI.

Cheers from a non holder.

HR

No advice given or intended, when you get a boot up the backside.. just grin and bear it...the pain will go away ..eventually. ..PS.. I do not spell Czech, so please bear with me.