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relikwie

07/01/11 8:16 AM

#97 RE: B402 #96

B402, I agree that financing dilutes heavily and is the main
cause of stocks being caught in downward spirals, there
is a big difference between capital investors. With
CGP things are transparent and Joe Dwek is a respected
financier. Read that he always first calls the company
when selling blocks of shares to see if shares can be exchanged
via PP's or other means before selling on the open market.

Regarding Newmont and Macara concession:

There are some pro's and cons here (IMO of course):

Pro's:
- Newmont seems to really like what they see and completed JV with CGP.
- $3 million work for a 51% interest and a private placement of $1 million at a SP of 0.83 cents a share.
(1.2 million warrants have lapsed without being exercised IMO, since they were never in the money)
- Unexplored area with good potential
- Newmont's JV in a time of bad mining climate and political uncertainty in Ecuador.
- CGP being the operational party

http://www.marketwire.com/press-release/Newmont-Completes-Private-Placement-in-Cornerstone-TSX-VENTURE-CGP-828218.htm

Con's
- Newmont negotiated a discount of $600k because of uncertain procedure of claiming additional stakes in the area of interest.
- All results from work done on Macara to date is classified until ground is secured, so no public information about properties, targets etc.

So the "good terms" would be the interest percentage and the price Newmont paid for CGP's shares.
Not disclosing exploration results to not risk others stake the interesting areas, hints something good has been found.

On another boad, Presaply posted more info regarding this from management explaining the situation.

cheers, rel.