Carlisle Goldfields Limited T.CGJ

Need A Catalyst

[keeniinvestor]

JV had zero to negative impact with no shortage of people willing to bail at these levels. We need a catalyst to support the PP @ .08. Any ideas as to what that might be?

[takeiteasy3]

A takeover offer at 15 cents!

[takeiteasy3]

Sorry, my intention was not to be impolite... but I do not see any catalyst at this time...

[hrattle]

Carlisle now has over $10m cash - over $5m from the PP and $5m from selling 25% of Lynn Lake. I guess what they do with that cash might be a catalyst but most likely it will just be spent on management salaries.

[someday2]

This post has been removed in accordance with Community Policy

[hrattle]

To raise $10m in an open PP (which was impossible anyway) would have cost shareholders a lot more. The Nord Gold "offer" came too late (the AuRico deal was essentially done) and it is debatable whether it is as good - I think if the offer had been 12 cents they would have allowed shareholders to decide. A really good CEO would have known that Nord Gold were ready to make an offer and at

[99999gold]

that's exactly what they'll spend it on - compensation, office rent etc. then they go broke and aurico got the whole thing for pennies on the dollar.

[99999gold]

an actual unsolicited bid from Nord Gold sent to shareholders or gold goes higher to 1500 - either will make it go to 8c

[hrattle]

Aren't Nord Gold barred from making a bid by the 2 year agreement?

[99999gold]

a bid can occur regardless of that agreement, there are always a way or ways.

[pleazu69]

I know my Rogers (cell carrier) agreement changes all the time, even my CIBC agreement. New contracts comes in the mail without even inviting me to the meeting. :(