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No it's not
Seismic still to be processed
We have never been a producer? Not sure where you got that idea from
Current production from what?
New Polaris depends on funding from canford.
Bit more volume today on the Tsx CCM than usual.
Could the worm be turning?
Buy in for what?
The puntland block?
Are there more shareprice drivers on the horizon now that tag have finished their well?
Listen to yourself?
A friend that claims to sell and advices everyone that he is doing so very publicly and yet DOESN'T
That is called trying to manipulate where I come from.
Maybe you Canadians are use to this double speak nonsense but if someone says they are gonna do something I expect to see them do it.
If he was simply emotional yesterday why not come out and say SORRY I made a mistake.
Like I said before I'm not disputing that we have ALL APPRECIATED lumber, but this doesn't sit well with me at all and is simply an attempt at manipulation dishonestly as he is not doing what he says.
Anyone that can't see that is blind, anyway I'll stop now as I'm not here to keep repeating obvious sh*t
No as usual you guys are missing the point..
I'm not disputing that lumber has been helpful as I too have appreciated his access to info.
The point is he stated that he would be SELLING down his holding and HASN'T?. WHY..?
Is he just trying to manipulate the share price for his own gain?
I am a man of honour and I don't expect someone to CLEARLY STATE THAT THEY WILL DO SOMETHING AND THEN DON'T, especially when his gripe with brad was for not delivering on time.
So what do people here make of the argument between lumber and brad?
Any sellers or buyers?
Ermm we hope to close the deal sooon
Like I asked has no one picked up the phone to canarc? I have trouble getting through from the uk and have sent numerous email with no reply
I'm sure someone on this board can call canarc and hear first hand what is going on
Like I said insider trading as always...
Speaks to brad and sells before the market is informed on what is happening behind the scenes
A start would be to keep the market informed and reply to shareholder questions
Furthermore I have been saying for weeks that if a deal was close the share would be chased higher
Ye sell the shares at the year low after the insiders have been insider trading
Haven't any of you Canadians given the company a call to see what the hell is going on and who is dumping.
350k in one lot shows someone was in a hurry to get out.
Well if there ever was a signal that the deal isn't close this is it?
Lets see what lumbers interview with brad says later
I'm 45% down and thought I had got in at a great price
What accumulation?
All I see is selling hence the year low price.. Buying would result is an appreciating price NOT a declining one.
And yet more silence from canarc as the shareprice continually slides..
Had assumed 10cents was support but obviously not.
Tumble weed....
Yes it is but the Chineese understand that these manipulated paper prices cannot be sustained for any length of time and know that getting hold of actual potential mine supply is important going forward.
I just wish we would publically hear about the other interested parties as that no doubt will make canford move faster if they are interested.
Well yes kind of..
The thing about markets is that insider trading is everywhere and cannot be avoided.
If you look at all the companies in the uk aim markets and most of the Tsx venture, news is ALWAYS preceded by share price movement whether positive or negative.
The fact that it moved in feb is exactly what I was referring to.. If you remember the price peaked at 0.24/5 and on the day the news of the delay by canford the price had been sold down to 0.17/8 so again people knew the deal wouldn't be signed if not the price would not have dropped back into the teens so quickly.
Anyway just my opinion based on observations and hope this time news is unexpected and catches the market by surprise so we get really explosive share movements
Don't hold your breath guys for a deal anytime soon.
The volume and shareprice will be the biggest clue as to when progress is actually made.
The fact that we sit near yearly lows and with very poor volume shows that canford are are still dragging their heels.
Maybe one of the other "interested" parties can show us the colour of their money
Hi lumber,
I know what you said, was just checking that nothing had changed as these things are very fluid especially when people have to travel etc.
Fingers crossed
Has anyone managed to confirm with the company whether a meeting is actually taking place today or due to take place?
Hi lumber,
The meeting with canford scheduled for "in 10 days" is on Monday?
Is that correct or is the meeting scheduled for sometime in this coming week beginning 20th...
Looks like everyone that wants in is in and the market is just waiting for the actual deal and cash to start being transferred before any sort of share price movement.
Also wonder why no "insiders" are buying at all?
Scy
We only bought out the existing JV partners. The properties a very early stage so will have no value to us for a number of years until good drill results start appearing.
What we need is the NP JV and cash
Wow first time I've seen this break below 10cents...
Yes I agree that it creates competition and should give the Chinese a kick up the arse...
Do you know yet what kind of tech the Canadian group has? Is it more efficient gold recovery or is it a new type of processing plant design?
Hopefully canford surprise us and sign the deal earlier than the ten days.
Thanks for the update lumber but if canarc and canford have the paperwork sorted and are confident of signing of in 10days why would brad entertain any more "interest" for new Polaris?
Wouldn't it be better to concentrate on mine acquisition's?
Every time we get close the timeline seems to be forever getting extended..
Ah well more tumble weed LOL
Thanks just posted a couple of questions on twitter.
Also as the junior resource space is very beat up has brad looked at buying out cheap producing juniors rather than just the individual properties.?
What time zone are you lumber and is it in person or telephone/Skype?
Thanks
Any news? Or is the deal still being "discussed" 8 months after due diligence started?
I don't need to be pessimistic, the facts or lack of it speak for themselves.
When will the final meeting with canford take place and what exactly are they/we waiting for now?
Then again we could get hold of our first working mine over the summer so that should support the shareprice..
Neither do I? But hope it rises in anticipation.
I mean it hit 0.24 last time a deal was close so let's hope the insiders start buying like mad.
On the other hand if we don't see any meaningful rises soon it might indicate that no deal is imminent.
Lets hope this is signed off before the markets sell off in may as a lot of people seem to think for the summer.
Has anyone else managed to get any clues as to who the "other" party might be?
Fingers crossed we see the shareprice at over 0.26 this week to reflect the canford deal being done
Looks like it will be Tuesday at the earliest for news here then
I firmly believe that canford ARE the ONLY financiers that are interested in funding either NP or new mines, simply, because nothing else has been said.
IF brad had other genuine interested parties he would be more vocal about them performing due diligence etc etc to encourage canford to move quicker for fear of loosing out and also to attract additional interest.
Financiers don't like missing a trick and if they can see activity around a certain asset or management group then "human" nature shows they will take a closer look.
Also canarc only has an interest in the 3 properties listed on its website and the eskay creek is no longer on the books and there was no mention of a sale of the remaining 30% interest. Another question mark over communication.
Well there is no reason for them not to respond emails is there.?
There has been no news or word officially from the company for nearly 2 months now, so I'm hardly being inpatient