RE:RE:RE:RE:RE:Lamaque deep mixed messages GH agree, Eldorado's one member to the Technical Committee is only in respect of exploration activities on the Lamaque South Gold Project, and not the Sigma-Lamaque Mill and Mine Complex.
That's not to say Eldorado would not have access to the data room on all ongoing drilling throughout the property after signing a confidentiality agreement (CA), as I'm sure many, many others have already done so.
Integra's had, and I still do believe, has an open door policy, which is exactly what we want in creating maximum value in bringing as many potential suitors into the auction room when the time is ripe.
Board member - Upon Eldorado increasing its ownership to 19.0% or more, it will have the right to appoint one director to Integra’s Board of Directors.
Eldorado offering- Selling all or part of the South Gold Project with added concessions attached makes sense if LD comes up with 2-4M ounces, and was used as a means of financing that deposit, along with others inside the Sigma-Lamaque Mill and Mine Complex.
Eldorado has been extremely quite while holding 1.1 billion in liquidity, along with the addition of this years projected FCF of 100M, that would easily cover their planned expenditures this year for mining development totaling $345M and $70M for sustaining operating capital, and still leave over 750M in liquidity sitting around, of which you don't want if wanting to grow your business with long life low cost projects.
Should be more than an interesting this year after the Bulk Sample, and LD result come in for all parties concerned. GLTA