chalice's golden pay day, page-7

Hello Gwaihir.

No I don't think Chalice artificially inflated there expectations. I think they did receive 20 odd million less than they would have liked. Perhaps the timing of the deal was not favourable with gold shares across the board pulling back at the time and obviously Chalice shares pulling back strongly. However 60% of zero equals zero so it is important that they have finalised this deal and now they can move on and we can evaluate the company from where it stands now. To put it into context, fluctuations in the gold price will effect Chalice shares of profitability from Koka 20 million here or there and I expect that to be 20m or more on the positive side with a rising gold price.

I was unaware of the 5 additional exploration leases as I only entered this stock about a fortnight ago. However I have been aware of Chalice for some time and with basic knowledge of what they are doing because I was a shareholder in Dragon mining who Chalice still owe 4m to on the delineation of a 1m oz reserve at Zara Gold project.

No I have never received any replies from Chalice but I have never made any enquiries to them. I fully expect them to keep us informed on any payments made by ENAMCO as I consider this to be market sensitive information (i would imagine).

Cheers