Tired of losers posting...Alright everyone lets clear the air here.....
It is very obvious a lot of you have not done your due diligance. It is also very clear your investment knowledge is minimal. It is even more clear you are looking for min to min moves and think something is up.
Let me clear the air and give you the due diligance.
1- Canaco purchased the land and owns 100% of it. When it purchased the land off the previous owner SOC had an option on the PML. When the land was sold to Canaco the option expires. Thereby SOC has absolutely no case. Worst case scenario is that CAN pays a small fee to the old owner of the land/which ever company had the PML.
2-Canaco has in writing 4 legal title opinions to the land. How is it that SOC announced 2 weeks ago that it has a ML on the land, without Canaco being aware? To me shows that SOC is full of it and is looking for a quick buck. This is simiply an account/entry error on Tanzina front
3-Canaco has not been in talks (according to investor relations) and I strongly believe it will not conduct any talks with them. SOC has no case, its as clear as the sky. The land has a fairness opinion and the only money that could be transfered is a small fee to the old holder of the ML.
4-Tanzinia wants to expand its minining within the country. That has been made clear, logically looking at this, who has a better chance of achieveing this- Canaco who has the resources, or SOC who does not. If Tanzinia sides with SOC imagine what it will do for the country... bye bye ALL mining prospects for a very very long time.
5-Look who holds a 30% stake in CAN- The Chinese (Sinotech). They are 45% owned by the state (China), largest exploration company in eastern africa and is Canacos chairman (according to investor relations). Chinese companies have been expanding rapidly in Africa, esp in mining.
6-Who cares what TD does on a daily basis, really.... They are here to make money intraday basis for the bank and its shareholders. They do not typically buy and hold. If anyone posts "o TD is selling, they must know something, not true at all and disregard whoever said that". There are some smart people on the board here and they are easily identifiable. Listen to them and not these other yahoos..
Based on this, I think the outcome is obvious. Worst case scenario CAN pays a small fee (less than 2 million, not to SOC but to the original owner of the PML)
In return I ask....
-Stop speculating
-Stop spreading untrue rumors
-Think logically about this, really its so clear
See you all at $6
**Please do your own due diligance and not take my word and do not act on it, I encourage you to look into it yourself! I am not giving investment advice at all.