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hey 2ici enjoy your posts, informative and well thought out,...

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tictoc60

49 Posts.

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04/11/19

20:41

Post #: 41245311
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Originally posted by 2ic: ↑

Interesting stuff and popular enough in Nth America but can't say I remember anyone ding it in Oz. Funny that this 2012 video mentioned arranging streaming finance for Mutiny Gold. A quick google and year after this video Sandstorm renegged on the streaming deal by only providing $6M of the agreed $41M streaming finance after the gold price dropped. Seems Bankers or streamers they're all wankers cut from the same cloth.

Obviously his point about having a $2/share NAV but trading at 0.2 NAV on market is directly analogous to CDV's situation. In his example he said the 40c stock with a $2 NAV would end up diluting so much with equity funding the NAV drops to 60c post raise and original equity holders make nothing in the end. The final funding problem is age old no question. Namdini has the size and value to attract corporate interest and funding outside a CR has always been my point, whether it happens or not.

I will also add that to my previous comments on the DFS downgrade. Along the lines of what Nordsemic was saying that costs and AISC keep climbing some increase in opex was to be expected moving from PFS to DFS, especially in a gold boom. Suddenly old and new gold deposits the world over are all developing or redeveloping and thus quotes for work had to rise with increasing demand for mining services. The surprise came because Archie had made so much noise about reducing opex, capex and stronger financials that the very large increase in opex was completely unexpected by the market not informed from the inside. That said, every other developer will be in the same rising cost boat which mitigates the opex increase slightly and will no doubt also continue to raise the cost curve ever higher.

Cheers

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hey 2ic
i enjoy your posts, informative and well thought out, keep em comming
i attended CDV AGM today here in perth a lot of interesting stuff was covered
i have written a beginners report on what i observed, not sure if newbys should post their observations, but feel i should contribute rather than be a passive reader, what do you think?

CDV Price at posting: 37.5¢ Sentiment: Buy Disclosure: Held
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