Carlisle Goldfields Limited T.CGJ

not a great deal

[dynarod]

not the best deal - market doesn't seem to like it - but a deal is better than no deal.   - especially since we are at the final end of the bear market.  This is IMHO a bottom feeding offer.  we essesntially give away 45% of the asset which = 2.25 million oz for 25 million = 10 dollar a oz

i would of prefered a reverse spit and do a PP we would be far better off than this deal.

what does everyone else think of this deal

[tayjon80]

Does this back of the envelope make sense? $257x40%=$102 and $185x40%=$74 giving a NPV-CAPEX difference of $28mln meaning on the economics to date Carlisle is worth $0.10/share?

[Flatfishomoney]

Haha the stock didnt even go up a penny on the news today. This deal is garbage, and it should have been put to share holder vote before signing. Oh well the share holders of aurico will be happy. let's see how the next few weeks play out. If the POG goes up I will really be screaming at these idiots. F.............

[dynarod]

absolute rubbish deal - this is a bottom of the market deal - they just needed to hold out until gold recovers which can't be to far out considering we are in backwardation.  Clearly they are very desperate for cash now.  teriible deal thats it for me I'm out far better prospects than CGJ - for crying out loud why did they not do a reverse split and then do a PP.  At least