Cardero Henk verkauft weiter Aktien - 500 Beiträge pro Seite (Seite 2)
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Meistdiskutierte Wertpapiere
| Platz | vorher | Wertpapier | Kurs | Perf. % | Anzahl | ||
|---|---|---|---|---|---|---|---|
| 1. | 1. | 18.161,01 | +1,36 | 217 | |||
| 2. | 3. | 0,1885 | -0,26 | 90 | |||
| 3. | 2. | 1,1800 | -14,49 | 77 | |||
| 4. | 5. | 9,3500 | +1,14 | 60 | |||
| 5. | 4. | 168,29 | -1,11 | 50 | |||
| 6. | Neu! | 0,4400 | +3,53 | 36 | |||
| 7. | Neu! | 4,7950 | +6,91 | 34 | |||
| 8. | Neu! | 11,905 | +14,97 | 31 |
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du vergisst ganz oft das man aktien nicht einfach sooo verkaufen kann.. nee neee da muss auf der andern seite einer stehen der dir die abkauft.. gehören also 2 doofe dazu.. ein doofer der den wert von cardero nich erkennt und verkauft.. und noch nen doofer der sein geld in cardero stecken will.. das man aber bereit ist weniger geld dafür zu zahlen und damit der kurs fällt ist ne andere Seite.. darüber reden wir dann in lektion 2
Antwort auf Beitrag Nr.: 34.365.635 von Bybbi am 24.06.08 19:10:33Will ja mal über deine ganzen Fehler hinwegsehen. In jedem Posting von Dir wimmelts davon wie Sand am Meer.
CT ist nur ein Hilfsmittel und keine Allheilmittel. Das vorweg(RWE lässt grüssen).
Die CT gibt einen ersten Hinweis auf eine überverkaufte Situation. Weiterhin wurde bis heute das 61,8% retracement nicht unterschritten, sondern eher bestätigt. Die Umsätze sind minimal.
Verkaufsdruck ist nicht vorhanden. Wer rein will bekommt keine Aktien. Nur raus will im Momment auch nicht mehr jeder. Dann hätten wir mehr Volumen.
Mein Fazit
Wir bilden einen Boden aus um die nächste Rakete zu starten
Viel Spass bei der weitern WM
Sonntag ist Deutschland Weltmeister
ÄHHH!!
Europameister?
Weiss auch nicht so genau!
Irgendwas wird schon zutreffen wenn Sie nicht daneben treffen
Podolski und CO.
CT ist nur ein Hilfsmittel und keine Allheilmittel. Das vorweg(RWE lässt grüssen).
Die CT gibt einen ersten Hinweis auf eine überverkaufte Situation. Weiterhin wurde bis heute das 61,8% retracement nicht unterschritten, sondern eher bestätigt. Die Umsätze sind minimal.
Verkaufsdruck ist nicht vorhanden. Wer rein will bekommt keine Aktien. Nur raus will im Momment auch nicht mehr jeder. Dann hätten wir mehr Volumen.
Mein Fazit
Wir bilden einen Boden aus um die nächste Rakete zu starten
Viel Spass bei der weitern WM
Sonntag ist Deutschland Weltmeister
ÄHHH!!
Europameister?
Weiss auch nicht so genau!
Irgendwas wird schon zutreffen wenn Sie nicht daneben treffen
Podolski und CO.
Na das ist doch mal ein Wort. Ich danke Dir für die Ausführungen zur CT 
. Außerdem hatten wir doch die Rechtschreibreform. Seitdem schreibe ich wie ich will. 
. Außerdem hatten wir doch die Rechtschreibreform. Seitdem schreibe ich wie ich will. 
Meislo , was denkst Du, wie hoch ist Deiner Meinung nach die Wahrscheinlichkeit, das die Studie und die Einschätzung zu PET negativ ausfallen werden?
RT müsste doch sehr genau wissen, wie es um PdP bestellt ist. Zahlen und Fakten kennen die doch auch. Warum zucken die sich nicht? Was gefällt denen nicht an PdP?
Für mich ist das alles sehr merkwürdig .
RT müsste doch sehr genau wissen, wie es um PdP bestellt ist. Zahlen und Fakten kennen die doch auch. Warum zucken die sich nicht? Was gefällt denen nicht an PdP?
Für mich ist das alles sehr merkwürdig .
.
Im Nachbarthread schlagen sich die Jungs immer darum.
Im Nachbarthread schlagen sich die Jungs immer darum.
Trading Spotlight
.
Um das
RUNDE
.
Um das
RUNDE
.
Da darf ich nicht schreiben. Neono hat mich sperren lassen. Ist aber auch egal. Es zählt ja eh bloß seine Meinung und sonst nix. Da kann man sich das schreiben auch sparen.
Und wie denkst Du darüber? RT-PdP ? Was stört denen so?
Und wie denkst Du darüber? RT-PdP ? Was stört denen so?
Antwort auf Beitrag Nr.: 34.366.283 von Bybbi am 24.06.08 20:25:27RT müsste doch sehr genau wissen, wie es um PdP
Natürlich wissens die!
Nur wann haben sie verkauft?
2003 oder so
Frag RWE mal warum die Ihre Steinkohlenklitsche in den USA 2006 für ein Appel und en Ei verkauft haben wenn Sie heute das 4- fache erzielt hätten!
Dumm gelaufen würd ich sagen.
Starkes Management und wenig Performence!
So sind sie halt die Nieten in Nadelstreifen
Du bist da echt auf dem falschen Dampfer!
Natürlich wissens die!
Nur wann haben sie verkauft?
2003 oder so
Frag RWE mal warum die Ihre Steinkohlenklitsche in den USA 2006 für ein Appel und en Ei verkauft haben wenn Sie heute das 4- fache erzielt hätten!
Dumm gelaufen würd ich sagen.
Starkes Management und wenig Performence!
So sind sie halt die Nieten in Nadelstreifen
Du bist da echt auf dem falschen Dampfer!
Warum postet man die Schlusskurse nicht mehr ? Sind die nicht genehm ?
Morgen
Mal sehen, ob über dem Teich die 2 heute halten?? Aber bis Ende Juli Anfang August ist ja noch Zeit um bis auf ca. 1,60 CAD zu fallen. Ich denke aber das es ab dem Juli, mit dem frei werdenden Stücken aus dem letzten PP zu 1,10 CAD, beschleunigt abwärts geht. Dann werde ich auch wieder zugreifen.
Mal sehen, ob über dem Teich die 2 heute halten?? Aber bis Ende Juli Anfang August ist ja noch Zeit um bis auf ca. 1,60 CAD zu fallen. Ich denke aber das es ab dem Juli, mit dem frei werdenden Stücken aus dem letzten PP zu 1,10 CAD, beschleunigt abwärts geht. Dann werde ich auch wieder zugreifen.
Ist schon verblüffend , wenn 3 User fast zur gleichen Uhrzeit Online gehen und dazu noch vom selben Stamm sind.
Oh gar 6
wen meinste denn?
Meislo
Ich weis nicht ob man das vergleichen kann. Eine Mine oder einige Prozente davon zurückzukaufen ist bestimmt weitaus teurer, als wenn man PdP zurückkaufen würde.
So eine schon bestehende Mine hat nachgewiesene Ressourcen und die Infrastruktur steht auch. Bei PdP muß man erst in alles investieren. Die Kosten sind explodiert für so eine Inbetriebnahme. Fachpersonal ist auch teuer und heiß begehrt.
Ich denke mal, das man 3 bis 5 Jahre brauchen würde um dort in Produktion zu gehen. Kein Mensch weiß heute, wie sich die galoppierende Inflation auf die Realwirtschaft auswirken wird und wie hoch die Energie und Rohstoffpreise sein werden.
Da kaufen sich die großen doch lieber selber auf, und gehen keine Risiken a la PdP ein.
Denn wenn Cardero für PdP nur Fünfhundert Millionen haben will und die Lagerstätte so toll ist , wie immer behauptet, dann würde doch RT sie mit Handkuss nehmen. Zumal eine Erweiterung auf 3 Milliarden möglich erscheint . Da frage ich mich, wo sehen die den berühmten Haken? Was gefällt denen nicht dort? Umweltbestimmungen? Lage und/Tiefe des Erzkörpers? Fe Gehalt? Kosten?
Auf der Baja war man sich auch so sicher, das es nur einen Bohrerfolg geben kann. Man lese bitte das andere Forum von Anfang an.
Auch ist das ganze Verhalten von AA und Cardero dort mir ein Rätzel. Mir sagte mal einer aus der Schweiz , das man lange das gefunden hat , nach was man suche. Aber man veröffentliche es nicht.
Na ja, vielleicht verglüht Cardero , wie so viele Explorer in der Sommerpause.
Ich weis nicht ob man das vergleichen kann. Eine Mine oder einige Prozente davon zurückzukaufen ist bestimmt weitaus teurer, als wenn man PdP zurückkaufen würde.
So eine schon bestehende Mine hat nachgewiesene Ressourcen und die Infrastruktur steht auch. Bei PdP muß man erst in alles investieren. Die Kosten sind explodiert für so eine Inbetriebnahme. Fachpersonal ist auch teuer und heiß begehrt.
Ich denke mal, das man 3 bis 5 Jahre brauchen würde um dort in Produktion zu gehen. Kein Mensch weiß heute, wie sich die galoppierende Inflation auf die Realwirtschaft auswirken wird und wie hoch die Energie und Rohstoffpreise sein werden.
Da kaufen sich die großen doch lieber selber auf, und gehen keine Risiken a la PdP ein.
Denn wenn Cardero für PdP nur Fünfhundert Millionen haben will und die Lagerstätte so toll ist , wie immer behauptet, dann würde doch RT sie mit Handkuss nehmen. Zumal eine Erweiterung auf 3 Milliarden möglich erscheint . Da frage ich mich, wo sehen die den berühmten Haken? Was gefällt denen nicht dort? Umweltbestimmungen? Lage und/Tiefe des Erzkörpers? Fe Gehalt? Kosten?
Auf der Baja war man sich auch so sicher, das es nur einen Bohrerfolg geben kann. Man lese bitte das andere Forum von Anfang an.
Auch ist das ganze Verhalten von AA und Cardero dort mir ein Rätzel. Mir sagte mal einer aus der Schweiz , das man lange das gefunden hat , nach was man suche. Aber man veröffentliche es nicht.
Na ja, vielleicht verglüht Cardero , wie so viele Explorer in der Sommerpause.
Eigentlich ist es traurig . Wir hatten einen Aufschwung bei Gold seit Jahren und einen Ansturm auf die Explorer und was hat Henk daraus gemacht?
Kann aber auch sein, das das alte Hoch das höchste war, was man mit puschen erreichen konnte. Ohne das man Fakten auf den Tisch legen brauchte.
Aktien haben sie ja all die Jahre genug ausgegeben und die Anleger ausgesaugt.
Kann aber auch sein, das das alte Hoch das höchste war, was man mit puschen erreichen konnte. Ohne das man Fakten auf den Tisch legen brauchte.
Aktien haben sie ja all die Jahre genug ausgegeben und die Anleger ausgesaugt.
Ich denke aber das es ab dem Juli, mit dem frei werdenden Stücken aus dem letzten PP zu 1,10 CAD, beschleunigt abwärts geht. Dann werde ich auch wieder zugreifen.
Na ja, vielleicht verglüht Cardero , wie so viele Explorer in der Sommerpause.
klingt logisch, dass man vorhat, sich Aktien eines Unternehmens zu kaufen, das möglicherweise in der Sommerpause "verglühen" wird
Na ja, vielleicht verglüht Cardero , wie so viele Explorer in der Sommerpause.
klingt logisch, dass man vorhat, sich Aktien eines Unternehmens zu kaufen, das möglicherweise in der Sommerpause "verglühen" wird
Lesen und verstehen. Das ist aber zu viel verlangt ? Geh weiter.
Antwort auf Beitrag Nr.: 34.371.752 von goldenretriever101 am 25.06.08 13:58:15Mopedmarie wird ihn dazu wieder beglückwüschen, ein echter Freidenker, frei von Wissen, frei von Wahrheit und frei von sozialer Kompetenz.
Aber was solls, Deutschland wird Europameister, lassen wir ihn doch weiter die Gegentore der Vorrunde thematisieren.
Er schreibt ja selber, dass er nicht durchblickt.
"man lese den Thread von Anfang an"...ich lach mich schlapp - verlangt Einsatz, den er offensichtlich selber nicht bringt.
Aber was solls, Deutschland wird Europameister, lassen wir ihn doch weiter die Gegentore der Vorrunde thematisieren.
Er schreibt ja selber, dass er nicht durchblickt.
"man lese den Thread von Anfang an"...ich lach mich schlapp - verlangt Einsatz, den er offensichtlich selber nicht bringt.
Wehr wahrst Du denn Früher ?
2,04 mal sehen, ob wir die 2 Dollar heute knacken aber bis Juli ist ja noch ein bisschen Zeit
2,02
nun auch in FF weiter runter 1,30 Euro
2,01 gleich sind wir durch
gleich sind wir durch 1,98 so sieht der Bieterkrieg aus
wie geht das " Muahahahahah"
das ist sooooooooooooooooo geil " Muahahahahahahahahaha
Da ist einer meiner Meinung . Es geschehen noch Wunder. Es zählen nur Fakten, mein Reden seit 4 Jahren.
In FF wird schön gegeben. Bieterkrieg oder Bieterschlacht , Zweistelligkeit es klingt wie Hohn und Spott
Vielleicht geht ja mein Wunsch in Erfüllung. Sturmreif schießen und dann Übernahme zu 3,5 CAD.
Der wird mir noch sympathisch
Es ist schon beeindruckend , wie kraftlos das Teil ist und so was soll vor einem Bieterkrieg stehen?
Das glaubt doch kein Mensch mehr.
Das glaubt doch kein Mensch mehr.
June 25, 2008
[urlShougang plan to double Peruvian mine output]http://steelguru.com/news/index/2008/06/20/NTE1OTQ%3D/Shougang_plan_to_double_Peruvian_mine_output.html
[/url]
[urlShougang plan to double Peruvian mine output]http://steelguru.com/news/index/2008/06/20/NTE1OTQ%3D/Shougang_plan_to_double_Peruvian_mine_output.html
[/url]
Interfax China quoted China's Ministry of Commerce in an announcement said that Shougang Hierro Peru SAA, a Peru based Shougang subsidiary will begin development of new mining zones at Marcona in Peru to double its annual iron ore production which will require investment of USD 1 billion.
According to the released, Shougang Hierro plans to construct an ore processing plant and a 3 million tonne pellet plant at the mine which would in turn double its annual capacity of iron ore.
Mr Wu Bin president of Shougang Hierro said the company intends to first increase iron ore production by 8 million tonnes and then reach final annual production capacity of 20 million tonnes within four years.
Shougang officials were not available for comment when reached by Interfax today.
Antwort auf Beitrag Nr.: 34.374.039 von Bybbi am 25.06.08 17:14:21noch viel beeindruckender finde ich, wie sehr du dich um eine Aktie "bemühst", deren Projekte und deren Management deiner Meinung absolute Grütze sind.
da sollten sich doch auf dem Kurszettel auch viel seriösere und "ungepushtere" Unternehmen finden lassen, wo du dein sauer Erspartes versenken kannst, oder? mir fallen spontan gleich einige ein: De Beira Goldfields, Cobracrest, Russoil, Stargold, Star Energy, Algodyne und so weiter und so weiter..
da sollten sich doch auf dem Kurszettel auch viel seriösere und "ungepushtere" Unternehmen finden lassen, wo du dein sauer Erspartes versenken kannst, oder? mir fallen spontan gleich einige ein: De Beira Goldfields, Cobracrest, Russoil, Stargold, Star Energy, Algodyne und so weiter und so weiter..
Antwort auf Beitrag Nr.: 34.372.745 von Zwischentoene am 25.06.08 15:33:26.
Er schreibt ja selber, dass er nicht durchblickt.
Hauptsache erfolgreich !
Ich kenne einige Millionäre,
.
.
.
.
.
.
.
die "nix blicken" ...
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Er schreibt ja selber, dass er nicht durchblickt.
Hauptsache erfolgreich !
Ich kenne einige Millionäre,
.
.
.
.
.
.
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die "nix blicken" ...
.
wen denn ...?
Antwort auf Beitrag Nr.: 34.375.040 von married am 25.06.08 18:51:04ach zu diesen Kreisen zählst Du? Hut ab!
Antwort auf Beitrag Nr.: 34.375.069 von Guerilla Investor am 25.06.08 18:53:06Gewerkschaftskollegen natürlich, wen sonst?
Antwort auf Beitrag Nr.: 34.375.069 von Guerilla Investor am 25.06.08 18:53:06.
Die kennst du nicht, bzw. würdest du "dahinter" nicht vermuten.
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Die kennst du nicht, bzw. würdest du "dahinter" nicht vermuten.
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interessant ... beides ...
Da komme ich nach hause und was sehe ich????????????????
Also mal ehrlich, wehr nun noch an den bayrischen Zirkel glaubt, der macht auch seine Hose mit der Kneifzange zu. Was hier seit Jahren abgeht, geht auf keine Kuhhaut mehr. Der Frick ist ein Stümper dagegen.
Ich glaube, das ist mit die größte Sauerei bei den Explorern. Man zockt das Ding hoch , ködert die Anleger mit TH und Übernahmeschlacht usw. , um dann seine Optionen und Warrants zu wandeln.
Dabei bringt diese Scheißbude und dieser Muscheltreter nichts aber auch gar nichts auf die Reihe. Es kommen all die Jahre keinerlei Fakten auf den Tisch. Sie haben PdP schon einige Jahre und bringen es nun mal fertig eine Studie zu erstellen. Das grenzt alles an eine Komödiantentruppe , als an ein hochkarätiges Management.
Also mal ehrlich, wehr nun noch an den bayrischen Zirkel glaubt, der macht auch seine Hose mit der Kneifzange zu. Was hier seit Jahren abgeht, geht auf keine Kuhhaut mehr. Der Frick ist ein Stümper dagegen.
Ich glaube, das ist mit die größte Sauerei bei den Explorern. Man zockt das Ding hoch , ködert die Anleger mit TH und Übernahmeschlacht usw. , um dann seine Optionen und Warrants zu wandeln.
Dabei bringt diese Scheißbude und dieser Muscheltreter nichts aber auch gar nichts auf die Reihe. Es kommen all die Jahre keinerlei Fakten auf den Tisch. Sie haben PdP schon einige Jahre und bringen es nun mal fertig eine Studie zu erstellen. Das grenzt alles an eine Komödiantentruppe , als an ein hochkarätiges Management.
Was ist married, für ich nun 4:0 ?
Übernahmeschlacht das ich nicht lache. Wir werden eine weiter galoppierende Inflation sehen, welche die Weltwirtschaft früher oder später ergreift und eine Deflation führen wird. ( Jerry ) , genau wie Japan 14 Jahre lang erlebt hat. Das Konsumentenverhalten wird beeinträchtigt werden, was auch die Rohstoffpreise unter Druck bringen sollte.
Und dann kommt unser Oberguru – Muscheltreter daher mit seiner PdP , die ca. sage und schreibe 400 Meter tief liegt. Wen will er denn damit hinter dem Ofen locken?
Hätte er mal den Finger eher aus der Muschel gezogen, hätte er den Mist vielleicht noch an den Mann oder an die Schlitzaugen verhökern können. Aber so fährt der Zug wieder mal ohne Cardero ab.
Schickt den Typ angeln, aber das tut er ja , Anlegers Geld .
Und dann kommt unser Oberguru – Muscheltreter daher mit seiner PdP , die ca. sage und schreibe 400 Meter tief liegt. Wen will er denn damit hinter dem Ofen locken?
Hätte er mal den Finger eher aus der Muschel gezogen, hätte er den Mist vielleicht noch an den Mann oder an die Schlitzaugen verhökern können. Aber so fährt der Zug wieder mal ohne Cardero ab.
Schickt den Typ angeln, aber das tut er ja , Anlegers Geld .
Antwort auf Beitrag Nr.: 34.376.792 von Bybbi am 26.06.08 00:52:36.
Wahrlich, ein unerwarteter Zwischenstand.
( Zum Glück spielst du nicht auch noch gegen WEALTH , sonst könnte man es heute kaum noch aushalten mit dir )
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Wahrlich, ein unerwarteter Zwischenstand.
( Zum Glück spielst du nicht auch noch gegen WEALTH , sonst könnte man es heute kaum noch aushalten mit dir
).
Der Stand war doch klar , man pusche das Ding hoch , mit Gelaber, wie Übernahmeschlacht und TH, lassen sich nun mal einige mobilisieren, die den Mist kaufen. Dann wandeln sie ihre Optionen und Warrants und kassieren ab. Der Muscheltreter persönlich macht es doch vor.
Man sollte sich auch andere Werte der Gang ansehen , Wml, zB. Der Freeman lacht sich kaputt und nicht nur der. Da lief genau die selbe Schweinerei ab.
Ich kann nur jedem raten, schaut genau ,wer sich unter diesen Machenschaften verbirgt. Wo diese Leute herkommen und überlegt , wo und wen Ihr Euer Geld in Zukunft anvertraut.
Man sollte sich auch andere Werte der Gang ansehen , Wml, zB. Der Freeman lacht sich kaputt und nicht nur der. Da lief genau die selbe Schweinerei ab.
Ich kann nur jedem raten, schaut genau ,wer sich unter diesen Machenschaften verbirgt. Wo diese Leute herkommen und überlegt , wo und wen Ihr Euer Geld in Zukunft anvertraut.
Bunte Bilder Fantasiegelaber kennen die Investoren seit Jahren. Was daraus jedes Mal geworden ist , kennen die Anleger ebenfalls.
Schaut Euch mal den Chart von MACARTHUR COAL LTD an. Dort herrscht eine echte Fantasie auf eine Übernahmeschlacht.Dort buhlen AM und Xstrrata. Legt doch mal den 3-Jahreschart von Cardero und dieser Firma übereinander.
So sollte ein Chart aussehen, wenn man an eine Übernahmeschlacht denkt. Cardero ist ein Witz, gelenkt von einem völlig unfähigen Henk van. A. , gepusht von diversen Leuten, Lemminge abgezockt.
So sollte ein Chart aussehen, wenn man an eine Übernahmeschlacht denkt. Cardero ist ein Witz, gelenkt von einem völlig unfähigen Henk van. A. , gepusht von diversen Leuten, Lemminge abgezockt.
Antwort auf Beitrag Nr.: 34.377.822 von Bybbi am 26.06.08 09:54:13was soll der Geiz? wenn du vergleichen willst leg z.B. den Chart von Fortescue drüber, das ist wenigstens die richtige Branche.
Da muss ich Dir recht geben. Soooooooooooooo sieht ein Chart aus mit Übernahmeschlacht usw. , der von Cardero ist zu kotzen.
usw. , der von Cardero ist zu kotzen.
Antwort auf Beitrag Nr.: 34.378.049 von Bybbi am 26.06.08 10:16:06Übernahmeschlacht? Wo?
Antwort auf Beitrag Nr.: 34.378.049 von Bybbi am 26.06.08 10:16:06"Da muss ich Dir recht geben."
Das muss du sowieso jedes Mal wenn ich etwas poste. Das brauchst du nicht extra erwähnen.
Das muss du sowieso jedes Mal wenn ich etwas poste. Das brauchst du nicht extra erwähnen.
Ich meinte , das der Chart von Cardero scheiße aussieht, eben nicht nach Bieterkrieg, den wird es nicht geben.
Der Chart von FORTESCUE sieht aller erste Sahne aus, die haben das , was begehrt ist. Dort könnten sich mehrere um das Zeug streiten.
Der Chart von FORTESCUE sieht aller erste Sahne aus, die haben das , was begehrt ist. Dort könnten sich mehrere um das Zeug streiten.
Sei nicht so hochnäsig
Absolut stark finde ich ja das Bon, eigentlich ein Mitstreiter besagter User, hat es gewagt seine Skepsis zum Ausdruck zu bringen. Hält sich mit schreiben und puschen zurück.
Ob er den Glauben an Cardero verloren hat, würde mich mal interessieren.
Ob er den Glauben an Cardero verloren hat, würde mich mal interessieren.
Antwort auf Beitrag Nr.: 34.378.417 von Bybbi am 26.06.08 10:56:48Ich gehe davon aus, dass du sogar ein Pissoir vollquatschen würdest, weil dir sonst keiner zuhört. Gib mir mal deine Privatadresse, dann schicke ich dir ein Cardero-Käppi.
Antwort auf Beitrag Nr.: 34.377.822 von Bybbi am 26.06.08 09:54:13Schaut Euch mal den Chart von MACARTHUR COAL LTD an
Macarthur Coal ist heute in Frankfurt über 10% im Minus; da kann dann doch nur Betrug und Abzocke dahinter stecken..?
Macarthur Coal ist heute in Frankfurt über 10% im Minus; da kann dann doch nur Betrug und Abzocke dahinter stecken..?
bübbü jeder fängt doch mal klein an..
auch fortesque.. schau dir .. 2006 an..
im chart siehst doch da anfang 2006 auch einen rücksetzer..
sowas is bei exploreren normal... das es dannach abging.. is halt schön.. aber selten ..und obs hier diesmal klappt.. weiss keiner.. aber alle hoffen drauf.. und die chancen stehen nicht schlecht.. denn die gebiete sind wirklich gut.. auch wenn dir 400meter zu tief er scheinen
auch fortesque.. schau dir .. 2006 an..
im chart siehst doch da anfang 2006 auch einen rücksetzer..
sowas is bei exploreren normal... das es dannach abging.. is halt schön.. aber selten ..und obs hier diesmal klappt.. weiss keiner.. aber alle hoffen drauf.. und die chancen stehen nicht schlecht.. denn die gebiete sind wirklich gut.. auch wenn dir 400meter zu tief er scheinen
Was will ich mit der Kappe. Mir den Allerwertesten abwischen? Da ist Er mir zu schade dafür.
Antwort auf Beitrag Nr.: 34.379.289 von Bybbi am 26.06.08 12:20:01Das ist der Bybbi den hier jeder kennt. Fällt dir wirklich schwer, sachlich zu bleiben, ich weiß. Wer nix weiß muss unsachlich sein.
Was kostet noch gleich die Tonne Eisen FOB?
Was kostet noch gleich die Tonne Eisen FOB?
Wer wahrst Du denn früher, der Meister selbst ??
Antwort auf Beitrag Nr.: 34.379.352 von Bybbi am 26.06.08 12:26:28"wasn"
shougang Marcona produziert 5 mio Tonnen Pellets open pit jährlich, wie tief graben die wohl? Was meinst du?
shougang Marcona produziert 5 mio Tonnen Pellets open pit jährlich, wie tief graben die wohl? Was meinst du?
Tolle Aussichten für Cardero, das spiegelt auch der Aktienkurs und die Entwicklung der Firma wieder.
Wenn Du Zahlen benötigst , dann schau im Netz nach , ich werde Dir die Arbeit nicht abnehmen und lesen musst Du schon selber. ( hab ich vom Meister gelernt)
Wenn Du Zahlen benötigst , dann schau im Netz nach , ich werde Dir die Arbeit nicht abnehmen und lesen musst Du schon selber.
( hab ich vom Meister gelernt)
Antwort auf Beitrag Nr.: 34.379.563 von Bybbi am 26.06.08 12:51:40Dann sage ich dir dass 400m beherrschbar sind, da du regelmäßig diese 400 m thematisierst und als KO-Kriterium definierst: Das ist falsch. Möchtest du auf diesen Sachverhalt eingehen und mir mal erklären bzw. definieren, warum 400m fatal seien
Wenn die Tiefe und der Fe Gehalt kein Thema wären , würde PdP nicht mehr Cardero gehören. Oder Cardero als Ganzes würde nicht mehr existieren. Das ist meine Meinung.
Antwort auf Beitrag Nr.: 34.379.680 von Bybbi am 26.06.08 13:05:45Tja, Ignoranz ist Dein Ratgeber.
Stell dir vor du hättest recht - wieso wird denn dort sorgfältigst exploriert; wissen Geologen, Techniker und sachkundige Großnvestoren nicht das, was du weißt? Ich bin beeindruckt! warum gründest du keine Consulting-Firma?
Henk hat schon wieder 5000 shares verkauft, oh je, ist das Eisen rostig geworden? geklaut von bösen Eierdieben?
Stell dir vor du hättest recht - wieso wird denn dort sorgfältigst exploriert; wissen Geologen, Techniker und sachkundige Großnvestoren nicht das, was du weißt? Ich bin beeindruckt! warum gründest du keine Consulting-Firma?
Henk hat schon wieder 5000 shares verkauft, oh je, ist das Eisen rostig geworden? geklaut von bösen Eierdieben?
Antwort auf Beitrag Nr.: 34.379.680 von Bybbi am 26.06.08 13:05:45shougang will die [urlProduktion verdoppeln]http://www.andina.com.pe/Ingles/Noticia.aspx?id=bvoIa8pOOmw=[/url] und ein Milliarde Dollar investieren, wissen die nicht, dass der Abbau in dieser Tiefe nicht möglich ist? Hat Henk böswillig das Satellitenbild der Region gefälscht? 100 km² grün angestrichen?
Na ja , großer Meister, man kann viel behaupten, was auf der PdP angeblich alles passiert oder auch das angebliche so genannte“ Großinvestoren“ dort rumlaufen und sich die Klinke in die Hand geben. Glauben tu ich jedenfalls Euch – Dir (großer Meister) Henk oder Cardero nichts mehr.
Für mich zählt nur noch die Richtung, die der Aktienkurs widerspiegelt, denn er sagt ganz klar aus, ob jemand oder auch mehrere , so Deine Meinung (Bieterkrieg), heiß auf Cardero oder PdP ist.
Und ein Bieterkrieg sieht nun mal anders aus.
Für mich zählt nur noch die Richtung, die der Aktienkurs widerspiegelt, denn er sagt ganz klar aus, ob jemand oder auch mehrere , so Deine Meinung (Bieterkrieg), heiß auf Cardero oder PdP ist.
Und ein Bieterkrieg sieht nun mal anders aus.
Antwort auf Beitrag Nr.: 34.379.817 von Bybbi am 26.06.08 13:21:28nenne mich bitte "größter Meister".
Ich nenne dich "Großignorant"
Stell dir vor wie entscheidend das ist was DU glaubst; hat Henk Shougang bestochen, dass sie solche Meldungen bringen?
Vielleicht gibt es Peru gar nicht, Henk hats erfunden, in Wahrheit ist dort nur Wasser.
Ich nenne dich "Großignorant"
Stell dir vor wie entscheidend das ist was DU glaubst; hat Henk Shougang bestochen, dass sie solche Meldungen bringen?
Vielleicht gibt es Peru gar nicht, Henk hats erfunden, in Wahrheit ist dort nur Wasser.
Bon bringt es auf den Punkt. Wenn man sich das alles wieder mal reinzieht , muss man wieder feststellen, das der Muscheltreter völlig versagt hat.
Und selbst der Eisenerzboom fährt ohne Cardero fort und weiter. Die Lemminge schauen nur noch hinterher.
Das ist eine grandiose Leistung Herr Henk.
Und selbst der Eisenerzboom fährt ohne Cardero fort und weiter. Die Lemminge schauen nur noch hinterher.
Das ist eine grandiose Leistung Herr Henk.
Antwort auf Beitrag Nr.: 34.379.920 von Bybbi am 26.06.08 13:32:37Bon bringt es auf den Punkt? Es liegt kein schriftliches Angebot vor?
Woher weiß er das?
Wieso ist ein für dich ein nicht nachprüfbarer aber meinungskonformer Beitrag glaubwürdiger als andere Meinungen?
Woher weiß er das?
Wieso ist ein für dich ein nicht nachprüfbarer aber meinungskonformer Beitrag glaubwürdiger als andere Meinungen?
Sorry bin leider nach drüben verrutscht, darf aber dort nicht schreiben. Also sorry noch mal
Ich werde nicht auf Deine Schiene eingehen. Das Du da Meister bist, hast Du seit mehreren Jahren bewiesen.
Fakt ist nun mal , das die Entwicklung der Firma, den Aktienkurs widerspiegelt . Die Fantasie um Übernahme usw. , man kann da einen Haken daran machen. Die Aktie wäre nie und nimmer so kraftlos zumal wir beim Eisenerzpreis von einem Hoch zum Andern laufen. Selbst dieser Hype konnte Cardero noch nicht mal nachhaltig nach oben bringen.
Ich werde nicht auf Deine Schiene eingehen. Das Du da Meister bist, hast Du seit mehreren Jahren bewiesen.
Fakt ist nun mal , das die Entwicklung der Firma, den Aktienkurs widerspiegelt . Die Fantasie um Übernahme usw. , man kann da einen Haken daran machen. Die Aktie wäre nie und nimmer so kraftlos zumal wir beim Eisenerzpreis von einem Hoch zum Andern laufen. Selbst dieser Hype konnte Cardero noch nicht mal nachhaltig nach oben bringen.
Antwort auf Beitrag Nr.: 34.380.173 von Bybbi am 26.06.08 13:53:47Wen interessiert Übernahmefantasie? Mich nicht, ich trade keine news. Für Nachhaltigkeit braucht es Verträge oder Caterpillar-Flotten und Mining-camps.
Wenn das schwarz auf weiß feststeht, kaufen bybbi und FH. und machen 100%. Ich verkaufe dann und habe 5000% gemacht. Aus meinen Aktien die ich habe, von denen zwei Drittel bereits gratis mitlaufen. Was meinst du wie weh das tun kann nach 100% auf den Knopf zu drücken und die Aktie läuft noch 50% weiter. Ich habs mehrmals gemacht. Ohne Gier, ohne Angst.
Und wenn die Aktie jetzt auf 50 ct läuft? keine Gier, keine Angst. Im Gegensatz zu dir bin ich frei von Zwangsstörungen wie du sie hier exhibitionistisch zur Schau stellst.
Dein wallstreet-online-Tourette ist für mich nur zum Spielen.
Ich bin der Meinung, das pounds in the ground nicht mehr reichen -aktuell- das kann sich genauso gut wieder ändern, wenn die Marktstimmung zyklisch wieder dreht. Diese Welle wird bombastisch. Du wirst sie nicht erkennen. Weil du Feststellen wirst, dass Henk schon wieder Aktien verkauft hat. Kann ja nicht sein dass jemand kontinuierlich Aktien verkauft wenn das Unternehmen unterbewertet ist.
Wenn das schwarz auf weiß feststeht, kaufen bybbi und FH. und machen 100%. Ich verkaufe dann und habe 5000% gemacht. Aus meinen Aktien die ich habe, von denen zwei Drittel bereits gratis mitlaufen. Was meinst du wie weh das tun kann nach 100% auf den Knopf zu drücken und die Aktie läuft noch 50% weiter. Ich habs mehrmals gemacht. Ohne Gier, ohne Angst.
Und wenn die Aktie jetzt auf 50 ct läuft? keine Gier, keine Angst. Im Gegensatz zu dir bin ich frei von Zwangsstörungen wie du sie hier exhibitionistisch zur Schau stellst.
Dein wallstreet-online-Tourette ist für mich nur zum Spielen.
Ich bin der Meinung, das pounds in the ground nicht mehr reichen -aktuell- das kann sich genauso gut wieder ändern, wenn die Marktstimmung zyklisch wieder dreht. Diese Welle wird bombastisch. Du wirst sie nicht erkennen. Weil du Feststellen wirst, dass Henk schon wieder Aktien verkauft hat. Kann ja nicht sein dass jemand kontinuierlich Aktien verkauft wenn das Unternehmen unterbewertet ist.
Das Du nur spielst , das glaube ich Dir allerdings auf Wort. Die Lemminge sind Deine Spielgefährten und/oder Gegner. Denen bist Du haushoch überlegen . Das Spiel mit der Psychologie beherrscht Du ausgezeichnet.
Antwort auf Beitrag Nr.: 34.380.553 von Bybbi am 26.06.08 14:28:23geht ja nicht anders, du bist nicht in der Lage sachlich zu diskutieren.
Antwort auf Beitrag Nr.: 34.380.553 von Bybbi am 26.06.08 14:28:23fachlich auf Augenhöhe wäre mir lieber, aber da fehlen dir 99 Pfennig an der Mark.
Antwort auf Beitrag Nr.: 34.380.585 von Zwischentoene am 26.06.08 14:31:19und der letzte Pfennig ist gefälscht, mein Lieber. Du bist durch und durch unehrlich.
Antwort auf Beitrag Nr.: 34.380.553 von Bybbi am 26.06.08 14:28:23wenns drum geht den Thread vollzuschmieren bist du ganz vorne, ein Posting nach dem anderen, fragt man nach Substanz zerfließt du wie ne Ostseequalle mit Gelatineentzug. Dann wird geschwiegen oder abgelenkt.
Deine Zurschaustellung ist öffentlich, wie du weißt.
Deine Zurschaustellung ist öffentlich, wie du weißt.
Mein lieber ( Neono ), Deine Masche stellst Du seit Jahren zur schau und die ist ebenfalls öffentlich und wie diese Funktioniert , wissen die Meisten hier. Was mich interessiert ist nur , wie viel Die dafür eigentlich einstreichst.
Ich sage meine Meinung , ob es Dir passt oder nicht und ich habe alles dazu gesagt, das Du nun , wie immer und mit jedem, der Deine Meinung nicht teilt, umgehst , alles verdrehst und in sinnlose Diskussionen verwickelst , die nur einen zweck haben, Deine Meinung als einzig richtige darzustellen. Eine Andere Ansicht der Dinge kannst Du nicht ertragen und akzeptierst sie nicht.
Ich sage meine Meinung , ob es Dir passt oder nicht und ich habe alles dazu gesagt, das Du nun , wie immer und mit jedem, der Deine Meinung nicht teilt, umgehst , alles verdrehst und in sinnlose Diskussionen verwickelst , die nur einen zweck haben, Deine Meinung als einzig richtige darzustellen. Eine Andere Ansicht der Dinge kannst Du nicht ertragen und akzeptierst sie nicht.
Antwort auf Beitrag Nr.: 34.380.756 von Bybbi am 26.06.08 14:47:17Ja Deine Meinung hast du gesagt. EIN Argument hast du. Ich habe mehr, fundiertere, intelligentere, weitsichtigere. Wer hat recht?
Antwort auf Beitrag Nr.: 34.380.823 von Zwischentoene am 26.06.08 14:53:22"Eine Andere Ansicht der Dinge kannst Du nicht ertragen und akzeptierst sie nicht."
Wenn aus deinem Mist ein Blümchen wachsen würde, das wäre akzeptabel. Dein Mist stinkt aber nur.
Wenn aus deinem Mist ein Blümchen wachsen würde, das wäre akzeptabel. Dein Mist stinkt aber nur.
Du bist intelligent ?? Das zu beurteilen überlasse ich anderen. Wer recht hat wird sich zeigen. Wenn es in den nächsten Wochen (8 ? ) zu einem Übernahmekampf um Cardero kommen sollte, kannst Du Dir ein Denkmal setzen und hättest recht gehabt. Ich bin da anderer Meinung
Antwort auf Beitrag Nr.: 34.380.756 von Bybbi am 26.06.08 14:47:17halb vier fängst du wieder an Kurse zu posten, aber nur wenn sie fallen.
wozu machst du das tagtäglich?
Das ist deine Motivation:
"alles verdrehst und in sinnlose Diskussionen verwickelst , die nur einen zweck haben, Deine Meinung als einzig richtige darzustellen. Eine Andere Ansicht der Dinge kannst Du nicht ertragen und akzeptierst sie nicht."
wozu machst du das tagtäglich?
Das ist deine Motivation:
"alles verdrehst und in sinnlose Diskussionen verwickelst , die nur einen zweck haben, Deine Meinung als einzig richtige darzustellen. Eine Andere Ansicht der Dinge kannst Du nicht ertragen und akzeptierst sie nicht."
Siehst Du, ich sagte es bereits,………… dann kommen nur noch Beleidigungen. Traurig das ist. Warum musst Du Deinen Charakter so zur Schau stellen ?
Warum schreibst Du nicht unter deinen richtigen Nick? Oder hast Du so viele?
Warum schreibst Du nicht unter deinen richtigen Nick? Oder hast Du so viele?
So ich gehe nun in den Garten und werde ein Käffchen trinken und mich an der Natur erfreuen.
Antwort auf Beitrag Nr.: 34.380.926 von Bybbi am 26.06.08 15:02:58ich habe 15 IDs. Must mal ins Börsenspiel schauen, die ersten 15- das bin ich.
ich kopiere deine Meinung und du nennst das Beleidigung. Schwacher Vortrag.
ich kopiere deine Meinung und du nennst das Beleidigung. Schwacher Vortrag.
Mal ne Frage an die Spezialisten. Ist der Test und die Scoping Studie nicht gleich wichtig? Wenn ich in der Studie einen Killer habe, dann brauche ich eh keinen Schmelztest und umgekehrt genau so. Wenn der Schmelztest scheiße ist, kann ich mir die Studie auch sparen. Also ist es doch völlig normal, das sie Test und Studie zu einem gemeinsamen Ergebnis zusammenfassen. Oder liege ich da falsch?
Antwort auf Beitrag Nr.: 34.382.898 von Bybbi am 26.06.08 17:42:36das wichtigst vom allem ist die Wassertiefe im Hafen.
Wenn das zu flach ist < 400 m dann sehen wir nächste Woche den Euro von unten.
Wenn das zu flach ist < 400 m dann sehen wir nächste Woche den Euro von unten.
Antwort auf Beitrag Nr.: 34.382.898 von Bybbi am 26.06.08 17:42:36Die Frage zeigt mal weider wie wenig du informiert bist. Es gibt bei dir wohl nur schwarz / weiß /ja / nein?
Lies den Thread du Ignorant.
Lies den Thread du Ignorant.
Aha , das klingt schon anders. Ich denke es ist ein Tiefseehafen? Wenn der Kudder auf Grund läuft, würde es bedeuten, die kriegen das Zeug dort nicht weg? Richtig?
Na dann……
Na dann……
Es war sogar mal von 2 Häfen die Rede
Antwort auf Beitrag Nr.: 34.383.075 von Bybbi am 26.06.08 17:57:05das war doch alles gelogen, Shougang trägt das Zeug doch zu Fuß nach Übersee weil das Wasser so flach ist, die Chinesen holen es in Körben ab.
Antwort auf Beitrag Nr.: 34.383.116 von Bybbi am 26.06.08 18:02:15
und wie kommen die Körbe übers Wasser ? Sory
Die Studie bezieht sich doch nicht nur auf den Hafen oder was?
Die Studie bezieht sich doch nicht nur auf den Hafen oder was?
Antwort auf Beitrag Nr.: 34.383.165 von Bybbi am 26.06.08 18:06:22Tue Jan 15, 2008
Cardero Initiates Scoping Study and Resource Definition Program at its Pampa de Pongo Iron Deposit, Peru.
News Release 08-02
Cardero Resource Corp. ("Cardero" or the "Company") - (TSX: CDU, AMEX: CDY, Frankfurt: CR5) is pleased to announce that it has initiated a mining scoping study and resource definition program at its Pampa de Pongo Iron Deposit in Peru.
The scoping study will be produced by the internationally respected consulting firm SRK Consulting Engineers and Scientists (SRK) and is designed to determine the optimum mining method and estimated production costs. In tandem with the scoping study, Cardero is implementing a 30,000 metre definition drilling program, anticipated to commence in February, which is designed to deliver a National Instrument 43-101 compliant combined Indicated and Measured Resource in the third quarter of calendar 2008.
Cardero's focus over the coming 6 months will be to realise the considerable value which it believes is locked in the Company's significant iron ore assets, while continuing to progress its base and precious metal exploration projects in Argentina and Mexico. As part of this process, Cardero's iron ore assets are in the process of being transferred to its wholly owned subsidiary, Cardero Iron Ore Company Ltd.
PERU IRON PROJECTS
Pampa de Pongo Iron Deposit
Cardero's 100% owned Pampa de Pongo Iron deposit is the largest undeveloped iron resource on the western seaboard of the Americas, with a N.I. 43-101 Inferred Resource of 953 Mt @ 44.7% iron and 0.12% copper. Cardero is investigating the possibility of extracting iron ore through an underground caving operation and producing a blast furnace or direct reduction grade iron pellet product for shipping from the San Nicolas deep water port, 40 kilometres to the west.
Preliminary metallurgical work on 'run-of-mine' mineralization by Rio Tinto indicates that the mineralization is readily upgradeable to form either a 69% iron concentrate or a high quality 67% iron oxide pellet. Consequently, the Company has initiated a 30,000 metre definition drill program, which is designed to upgrade the National Instrument 43-101 Inferred Resource to a combination of Indicated and Measured Resource status.
SRK will design and oversee programs for the collection of geotechnical and geological data from drill core during the planned drill program, which is expected to commence in February and continue through to July 2008. SRK has also been retained to complete a Mine Scoping Study, scheduled to commence in early February. The scoping study will focus on determining the likely mining methods and will include an initial caveability and fragmentation assessment of the massive central orebody. Overburden characteristics, hydrogeology and major structural features will all be reviewed. The scoping study will also determine the range of potential mining costs, which should permit the development of a robust financial model for the deposit.
In the main Central Zone, the top of the high-grade semi-massive magnetite resource is typically 350 metres below surface, with intersections up to 302 metres @ 51.6% iron and 0.10% copper. Cardero believes that this portion of the resource may be suitable for an underground cave mining operation. The overlying stockwork zone includes shallow intersections of up to 347 metres @ 22.5% iron. The scoping study will investigate the possibility of extracting this material from surface by open-pit methods. This mineralisation has not been included in the current inferred resource and, if the extraction of this material appears viable, the scoping study will include an updated Pampa de Pongo Inferred Resource including this material.
A primary attractive feature in the potential development of the Pampa de Pongo deposit is the excellent infrastructure including: proximity to the deep water port at San Nicolas, the fact that the Pan-American highway passes within 6 km of the deposit and that a paved road and high-tension power line cross the property immediately adjacent to the Central Zone and the existence of a pre-existing iron mining labour pool.
Pampa el Toro Iron Sands Project
Cardero has purchased a dry magnetic separation pilot plant from ERIEZ Manufacturing Co., which is presently en-route to the Company's custom built testing facility in Peru where approximately 1,400 tonnes of Pampa El Toro 'Run Of Mine' (ROM) material has been excavated from the extensive magnetite bearing dune field and is securely stored. ROM material will be upgraded by magnetic separation to produce approximately 40 tonnes of iron concentrate anticipated to grade between 50 and 60% iron. This phase of the work programme is scheduled to commence in February 2008.
The concentrate will subsequently be exported to the United States for pilot plant scale melting tests, which were designed by Cardero Iron's President Glenn Hoffman to produce a premium quality pig iron ranging from 96 to 98% iron and 2 - 4% carbon. In tandem with the above work, SRK have been retained to complete the 43-101 compliant resource estimate for the Pampa el Torro project.
Cardero Initiates Scoping Study and Resource Definition Program at its Pampa de Pongo Iron Deposit, Peru.
News Release 08-02
Cardero Resource Corp. ("Cardero" or the "Company") - (TSX: CDU, AMEX: CDY, Frankfurt: CR5) is pleased to announce that it has initiated a mining scoping study and resource definition program at its Pampa de Pongo Iron Deposit in Peru.
The scoping study will be produced by the internationally respected consulting firm SRK Consulting Engineers and Scientists (SRK) and is designed to determine the optimum mining method and estimated production costs. In tandem with the scoping study, Cardero is implementing a 30,000 metre definition drilling program, anticipated to commence in February, which is designed to deliver a National Instrument 43-101 compliant combined Indicated and Measured Resource in the third quarter of calendar 2008.
Cardero's focus over the coming 6 months will be to realise the considerable value which it believes is locked in the Company's significant iron ore assets, while continuing to progress its base and precious metal exploration projects in Argentina and Mexico. As part of this process, Cardero's iron ore assets are in the process of being transferred to its wholly owned subsidiary, Cardero Iron Ore Company Ltd.
PERU IRON PROJECTS
Pampa de Pongo Iron Deposit
Cardero's 100% owned Pampa de Pongo Iron deposit is the largest undeveloped iron resource on the western seaboard of the Americas, with a N.I. 43-101 Inferred Resource of 953 Mt @ 44.7% iron and 0.12% copper. Cardero is investigating the possibility of extracting iron ore through an underground caving operation and producing a blast furnace or direct reduction grade iron pellet product for shipping from the San Nicolas deep water port, 40 kilometres to the west.
Preliminary metallurgical work on 'run-of-mine' mineralization by Rio Tinto indicates that the mineralization is readily upgradeable to form either a 69% iron concentrate or a high quality 67% iron oxide pellet. Consequently, the Company has initiated a 30,000 metre definition drill program, which is designed to upgrade the National Instrument 43-101 Inferred Resource to a combination of Indicated and Measured Resource status.
SRK will design and oversee programs for the collection of geotechnical and geological data from drill core during the planned drill program, which is expected to commence in February and continue through to July 2008. SRK has also been retained to complete a Mine Scoping Study, scheduled to commence in early February. The scoping study will focus on determining the likely mining methods and will include an initial caveability and fragmentation assessment of the massive central orebody. Overburden characteristics, hydrogeology and major structural features will all be reviewed. The scoping study will also determine the range of potential mining costs, which should permit the development of a robust financial model for the deposit.
In the main Central Zone, the top of the high-grade semi-massive magnetite resource is typically 350 metres below surface, with intersections up to 302 metres @ 51.6% iron and 0.10% copper. Cardero believes that this portion of the resource may be suitable for an underground cave mining operation. The overlying stockwork zone includes shallow intersections of up to 347 metres @ 22.5% iron. The scoping study will investigate the possibility of extracting this material from surface by open-pit methods. This mineralisation has not been included in the current inferred resource and, if the extraction of this material appears viable, the scoping study will include an updated Pampa de Pongo Inferred Resource including this material.
A primary attractive feature in the potential development of the Pampa de Pongo deposit is the excellent infrastructure including: proximity to the deep water port at San Nicolas, the fact that the Pan-American highway passes within 6 km of the deposit and that a paved road and high-tension power line cross the property immediately adjacent to the Central Zone and the existence of a pre-existing iron mining labour pool.
Pampa el Toro Iron Sands Project
Cardero has purchased a dry magnetic separation pilot plant from ERIEZ Manufacturing Co., which is presently en-route to the Company's custom built testing facility in Peru where approximately 1,400 tonnes of Pampa El Toro 'Run Of Mine' (ROM) material has been excavated from the extensive magnetite bearing dune field and is securely stored. ROM material will be upgraded by magnetic separation to produce approximately 40 tonnes of iron concentrate anticipated to grade between 50 and 60% iron. This phase of the work programme is scheduled to commence in February 2008.
The concentrate will subsequently be exported to the United States for pilot plant scale melting tests, which were designed by Cardero Iron's President Glenn Hoffman to produce a premium quality pig iron ranging from 96 to 98% iron and 2 - 4% carbon. In tandem with the above work, SRK have been retained to complete the 43-101 compliant resource estimate for the Pampa el Torro project.
Antwort auf Beitrag Nr.: 34.383.185 von Zwischentoene am 26.06.08 18:08:18 Show printable version of 'Cardero Initiates Pilot-Scale Metallurgical Assess...' in a New WindowEmail 'Cardero Initiates Pilot-Scale Metallurgical Assess...' to a friendFri May 9, 2008
Cardero Initiates Pilot-Scale Metallurgical Assessment at Pampa de Pongo Iron Deposit, Peru
Cardero Resource Corp. ("Cardero" or the "Company") -- (TSX: CDU, AMEX: CDY, Frankfurt: CR5) is pleased to announce that it has initiated an independent pilot-scale metallurgical assessment of the 953 Million tonne (Mt) Pampa de Pongo Iron deposit, in the Marcona district of southeast Peru. The objective is to independently confirm and further improve upon the positive results of the 1996 Met Chem Canada Inc. metallurgical study (see NR08-11).
Cardero Metallurgical Assessment
Cardero is moving quickly to complete commercial-scale metallurgical test work for inclusion in the Mine Scoping Study presently underway by SRK Consulting Engineers and Scientists (SRK). Previous metallurgical test work was completed by Met-Chem Canada Inc. of Montreal, Quebec, Canada in 1996 on behalf of RTZ Mining and Exploration and laboratory work was completed by CRM (Centre de Recherche Minerale) of Sainte-Foy, Quebec, Canada. Two samples, weighing 36 and 38 kilograms, respectively, were analysed at bench-scale and demonstrated the viability of producing a high grade (66.6% to 66.9% iron) pellet. Cardero's study will significantly expand the scope of the Met Chem work and use a larger 800 kilogram sample to determine the feasibility of producing a premium Direct Reduction Iron (DRI) grade pellet on a commercial scale. Based on the previous test work the Company believes that the results will be positive.
The inclusion of positive, commercial-scale metallurgical work into the Mine Scoping Study will add significant value to the Pampa de Pongo project. With guidance from SRK, the Company is confident that the sample will be representative of overall deposit chemistry, providing high metallurgical confidence for the project moving forward.
Metallurgical Testing Details
Cardero's sample will consist of a single 800 kilogram bulk sample derived from halved core drilled in the Central Zone (inferred resource of 848Mt @ 44.9% Fe, 0.12% Cu). In order to design a representative sample, SRK were retained to determine length-weighted mean grades for the Central Zone and to make recommendations for optimum sampling. SRK's recommended bulk sample is comprised of intervals from three drillholes, totalling 225 metres of mineralized drill core.
Metallurgical testing will further assess beneficiation of mineralized material, including optimum grinding prior to Low Intensity Magnetic Separation. The upgraded concentrate will undergo agglomeration testing in preparation for induration (strength testing) to produce Blast Furnace grade pellets. Finally, the pellets will be subjected to an independent raw material evaluation, which will determine the viability of producing a premium DRI grade pellet product on a commercial scale.
The metallurgical assessment will be undertaken in four stages as follows:
1. Beneficiation - The sample will undergo crushing and grinding to an appropriate liberation size and the physical properties of the sample, such as work index, will be measured, after which the sample will then be blended. Iron minerals will be separated using a simple low-intensity magnetic separation, liberating the gangue (waste) material from the feed to produce a magnetic concentrate. Previous test-work upgraded the approximately 45% iron Run Of Mine (ROM ) material to a 69% iron concentrate at this stage. Contingent on the results of this separation, various flotation processes may be investigated to further upgrade the concentrate if required. The remaining tailings will be available for additional test work to evaluate copper and gold recovery, such as occurs at the adjacent Marcona Iron Deposit.
2. Agglomeration - The resulting magnetic concentrate will be formed into wet green ball pellets, approximately ½ inch in diameter, which will be produced in a pilot-scale pelletizing disc with an approximate moisture content of 10%. The wet pellets will then be oven dried. Wet and dry pellet quality will then be measured as a minimum physical quality must be achieved for the green pellets to survive handling and induration.
3. Induration - The dried green pellets will then be fired in a pot-grate test to simulate typical commercial straight grate firing. Fired pellet physical quality and chemistry will be determined and these results will determine the viability of producing a blast furnace (BF) grade pellet product.
4. Reduction - A quantity of the BF grade pellets will be shipped to a direct reduction iron (DRI) technology company for an independent raw material evaluation. Among the parameters to be investigated are reducibility, thermal degradation, fines generation due to reduction, and sticking/clustering tendency under load. These results will determine the viability of producing a premium DRI grade pellet product.
Cardero Initiates Pilot-Scale Metallurgical Assessment at Pampa de Pongo Iron Deposit, Peru
Cardero Resource Corp. ("Cardero" or the "Company") -- (TSX: CDU, AMEX: CDY, Frankfurt: CR5) is pleased to announce that it has initiated an independent pilot-scale metallurgical assessment of the 953 Million tonne (Mt) Pampa de Pongo Iron deposit, in the Marcona district of southeast Peru. The objective is to independently confirm and further improve upon the positive results of the 1996 Met Chem Canada Inc. metallurgical study (see NR08-11).
Cardero Metallurgical Assessment
Cardero is moving quickly to complete commercial-scale metallurgical test work for inclusion in the Mine Scoping Study presently underway by SRK Consulting Engineers and Scientists (SRK). Previous metallurgical test work was completed by Met-Chem Canada Inc. of Montreal, Quebec, Canada in 1996 on behalf of RTZ Mining and Exploration and laboratory work was completed by CRM (Centre de Recherche Minerale) of Sainte-Foy, Quebec, Canada. Two samples, weighing 36 and 38 kilograms, respectively, were analysed at bench-scale and demonstrated the viability of producing a high grade (66.6% to 66.9% iron) pellet. Cardero's study will significantly expand the scope of the Met Chem work and use a larger 800 kilogram sample to determine the feasibility of producing a premium Direct Reduction Iron (DRI) grade pellet on a commercial scale. Based on the previous test work the Company believes that the results will be positive.
The inclusion of positive, commercial-scale metallurgical work into the Mine Scoping Study will add significant value to the Pampa de Pongo project. With guidance from SRK, the Company is confident that the sample will be representative of overall deposit chemistry, providing high metallurgical confidence for the project moving forward.
Metallurgical Testing Details
Cardero's sample will consist of a single 800 kilogram bulk sample derived from halved core drilled in the Central Zone (inferred resource of 848Mt @ 44.9% Fe, 0.12% Cu). In order to design a representative sample, SRK were retained to determine length-weighted mean grades for the Central Zone and to make recommendations for optimum sampling. SRK's recommended bulk sample is comprised of intervals from three drillholes, totalling 225 metres of mineralized drill core.
Metallurgical testing will further assess beneficiation of mineralized material, including optimum grinding prior to Low Intensity Magnetic Separation. The upgraded concentrate will undergo agglomeration testing in preparation for induration (strength testing) to produce Blast Furnace grade pellets. Finally, the pellets will be subjected to an independent raw material evaluation, which will determine the viability of producing a premium DRI grade pellet product on a commercial scale.
The metallurgical assessment will be undertaken in four stages as follows:
1. Beneficiation - The sample will undergo crushing and grinding to an appropriate liberation size and the physical properties of the sample, such as work index, will be measured, after which the sample will then be blended. Iron minerals will be separated using a simple low-intensity magnetic separation, liberating the gangue (waste) material from the feed to produce a magnetic concentrate. Previous test-work upgraded the approximately 45% iron Run Of Mine (ROM ) material to a 69% iron concentrate at this stage. Contingent on the results of this separation, various flotation processes may be investigated to further upgrade the concentrate if required. The remaining tailings will be available for additional test work to evaluate copper and gold recovery, such as occurs at the adjacent Marcona Iron Deposit.
2. Agglomeration - The resulting magnetic concentrate will be formed into wet green ball pellets, approximately ½ inch in diameter, which will be produced in a pilot-scale pelletizing disc with an approximate moisture content of 10%. The wet pellets will then be oven dried. Wet and dry pellet quality will then be measured as a minimum physical quality must be achieved for the green pellets to survive handling and induration.
3. Induration - The dried green pellets will then be fired in a pot-grate test to simulate typical commercial straight grate firing. Fired pellet physical quality and chemistry will be determined and these results will determine the viability of producing a blast furnace (BF) grade pellet product.
4. Reduction - A quantity of the BF grade pellets will be shipped to a direct reduction iron (DRI) technology company for an independent raw material evaluation. Among the parameters to be investigated are reducibility, thermal degradation, fines generation due to reduction, and sticking/clustering tendency under load. These results will determine the viability of producing a premium DRI grade pellet product.
Antwort auf Beitrag Nr.: 34.383.185 von Zwischentoene am 26.06.08 18:08:18
Metallurgical Test Work Commences at US Laboratory
Cardero Resource Corp. ("Cardero" or the "Company") - (TSX: CDU, AMEX: CDY, Frankfurt: CR5) is pleased to announce that a drill permit has been received for its Pampa de Pongo project, Marcona Iron District, southern coastal Peru. The Company is in discussions with diamond drilling contractors and will begin drilling at the earliest opportunity. The drill program will focus, initially, on testing the very significant, high priority, newly identified magnetic anomaly with the aim of considerably increasing the present 953Mt inferred resource (NR08-10). The southern edge of the anomaly was previously tested by Rio Tinto drillhole PPD004, which intersected 282 metres @ 31.3% iron, including 191 metres of massive magnetite, where composite grades range from 43.57% to 48.52% iron.
The Company is also pleased to provide an update on the planned commercial-scale metallurgical test work (see NR08-13). A 560 kilogram sample has been collected and delivered to Natural Resources Research Institute of the University of Minnesota at Duluth, Minnesota (NRRI), one of the world's leading iron ore metallurgical testing facilities. Testing is expected to be completed within 6-8 weeks.
Drill Permit
Cardero has received a drill permit for 20 drillholes at the Pampa de Pongo project. The drill program is planned to assess the project's considerable exploration potential in additional to resource definition drilling for the current mining prefeasibility study underway by SRK Consulting Engineers and Scientists (SRK). In tandem with this, the Company is also initiating a significant environmental monitoring program to ensure a smooth transition to the next phase of drill permitting.
Planned Exploration Drilling
Cardero is planning to test the new magnetic anomaly (East Zone) following completion of the interpretation of ground magnetic data collected in March 2008 (NR08-10).
Previous drilling of 3D geophysical models in 2004 resulted in an excellent correlation between the dimensions of the model and ore-grade mineralization (Figure 1 & 2). It is anticipated that similar positive results will be achieved during the forthcoming drill program.
The new magnetic anomaly has previously been tested by drillhole PPD-004, which intersected 191 metres of massive magnetite mineralization on the southern edge of the anomaly (Figure 2). The Company believes that this considerably decreases the technical risk and increases confidence that the high priority anomaly represents a significant body of massive magnetite mineralization.
Planned Definition Drilling
The current NI 43-101 compliant inferred resource for the Pampa de Pongo deposit is 953Mt @ 44.7% iron and 0.12% copper. Moving forward from the current SRK scoping study, the Company is proposing to undertake 30,000 metres of definition drilling with the intent of upgrading the current inferred resources to indicated and measured status.
Metallurgical Testing
Cardero is moving quickly to complete pilot-scale metallurgical test work (which is commercially scalable) for inclusion in the SRK Mine Scoping Study currently underway.
A 560 kilogram sample has been delivered to NRRI, one of the world's leading iron ore metallurgical testing facilities. NRRI were selected because their personnel bring previous experience beneficiating similar iron ore from the Marcona Mine, located approximately 35 kilometres to the northwest of Pampa de Pongo, and they have vast experience beneficiating and pelletizing iron ores throughout the world, including the magnetic taconites in Michigan and Minnesota in the United States and in Canada. Details of the proposed metallurgical testing were previously outlined in NR08-13. The Company anticipates that full test results should be available in 6-8 weeks.
The inclusion of positive, commercial-scale metallurgical work into the SRK Mine Scoping Study is expected to add significant value to the Pampa de Pongo project.
Metallurgical Test Work Commences at US Laboratory
Cardero Resource Corp. ("Cardero" or the "Company") - (TSX: CDU, AMEX: CDY, Frankfurt: CR5) is pleased to announce that a drill permit has been received for its Pampa de Pongo project, Marcona Iron District, southern coastal Peru. The Company is in discussions with diamond drilling contractors and will begin drilling at the earliest opportunity. The drill program will focus, initially, on testing the very significant, high priority, newly identified magnetic anomaly with the aim of considerably increasing the present 953Mt inferred resource (NR08-10). The southern edge of the anomaly was previously tested by Rio Tinto drillhole PPD004, which intersected 282 metres @ 31.3% iron, including 191 metres of massive magnetite, where composite grades range from 43.57% to 48.52% iron.
The Company is also pleased to provide an update on the planned commercial-scale metallurgical test work (see NR08-13). A 560 kilogram sample has been collected and delivered to Natural Resources Research Institute of the University of Minnesota at Duluth, Minnesota (NRRI), one of the world's leading iron ore metallurgical testing facilities. Testing is expected to be completed within 6-8 weeks.
Drill Permit
Cardero has received a drill permit for 20 drillholes at the Pampa de Pongo project. The drill program is planned to assess the project's considerable exploration potential in additional to resource definition drilling for the current mining prefeasibility study underway by SRK Consulting Engineers and Scientists (SRK). In tandem with this, the Company is also initiating a significant environmental monitoring program to ensure a smooth transition to the next phase of drill permitting.
Planned Exploration Drilling
Cardero is planning to test the new magnetic anomaly (East Zone) following completion of the interpretation of ground magnetic data collected in March 2008 (NR08-10).
Previous drilling of 3D geophysical models in 2004 resulted in an excellent correlation between the dimensions of the model and ore-grade mineralization (Figure 1 & 2). It is anticipated that similar positive results will be achieved during the forthcoming drill program.
The new magnetic anomaly has previously been tested by drillhole PPD-004, which intersected 191 metres of massive magnetite mineralization on the southern edge of the anomaly (Figure 2). The Company believes that this considerably decreases the technical risk and increases confidence that the high priority anomaly represents a significant body of massive magnetite mineralization.
Planned Definition Drilling
The current NI 43-101 compliant inferred resource for the Pampa de Pongo deposit is 953Mt @ 44.7% iron and 0.12% copper. Moving forward from the current SRK scoping study, the Company is proposing to undertake 30,000 metres of definition drilling with the intent of upgrading the current inferred resources to indicated and measured status.
Metallurgical Testing
Cardero is moving quickly to complete pilot-scale metallurgical test work (which is commercially scalable) for inclusion in the SRK Mine Scoping Study currently underway.
A 560 kilogram sample has been delivered to NRRI, one of the world's leading iron ore metallurgical testing facilities. NRRI were selected because their personnel bring previous experience beneficiating similar iron ore from the Marcona Mine, located approximately 35 kilometres to the northwest of Pampa de Pongo, and they have vast experience beneficiating and pelletizing iron ores throughout the world, including the magnetic taconites in Michigan and Minnesota in the United States and in Canada. Details of the proposed metallurgical testing were previously outlined in NR08-13. The Company anticipates that full test results should be available in 6-8 weeks.
The inclusion of positive, commercial-scale metallurgical work into the SRK Mine Scoping Study is expected to add significant value to the Pampa de Pongo project.
Du bist ja heute richtig nett.
Aber noch ma. Wenn der Schmelztest scheiße ausfällt und das Zeug im Boden nichts taugt (wie auf der Baja Elefantenscheiße ) dann brauche ich doch keine Studie über Abtransport oder Minenbau oder Open Pit oder Untertage, Hafen usw. erstellen lassen, oder?
Anders rum , wenn die Förderung von dem ganzen Zeug viel zu teuer ist und der Bau einer Mine unbezahlbar wird, nützt mir auch dann ein positiver schmälztest nicht mehr weiter .
Also, wo ist mein Denkfehler?
Aber noch ma. Wenn der Schmelztest scheiße ausfällt und das Zeug im Boden nichts taugt (wie auf der Baja Elefantenscheiße ) dann brauche ich doch keine Studie über Abtransport oder Minenbau oder Open Pit oder Untertage, Hafen usw. erstellen lassen, oder?
Anders rum , wenn die Förderung von dem ganzen Zeug viel zu teuer ist und der Bau einer Mine unbezahlbar wird, nützt mir auch dann ein positiver schmälztest nicht mehr weiter .
Also, wo ist mein Denkfehler?
Antwort auf Beitrag Nr.: 34.383.278 von Bybbi am 26.06.08 18:17:15Fang mal an zu denken, dann können erst Fehler entstehen.
Siehste , wenn de nich mehr weiter weest, denn wirsde bambisch
Antwort auf Beitrag Nr.: 34.383.509 von Bybbi am 26.06.08 18:41:08wie gesagt, einen wunderbaren Gedanken, und du kannst fliegen. Ich beobachte dich von oben, Ignorant.
Antwort auf Beitrag Nr.: 34.383.509 von Bybbi am 26.06.08 18:41:08muss weh tun wenn man keine Ahnung hat, da vergisst man sogar das rt-Stakkato.
Ich kann Dir nicht folgen. Ich glaube , das die ,die Cardero ein Angebot machen sollen oder sich gar um die Firma streiten sollen, Dir ebenfalls nicht folgen können.
Bisschen muss sie noch runter , dann steig ich auch wieder ein.
Antwort auf Beitrag Nr.: 34.383.278 von Bybbi am 26.06.08 18:17:15Anders rum , wenn die Förderung von dem ganzen Zeug viel zu teuer ist und der Bau einer Mine unbezahlbar wird, nützt mir auch dann ein positiver schmälztest nicht mehr weiter .
Also, wo ist mein Denkfehler?
Das ist eben genau der Punkt. Man wird keinen Schmelztest anfordern wenn eine Mine zu teuer wäre.
Mit dem Denken haste es nicht.
Also, wo ist mein Denkfehler?
Das ist eben genau der Punkt. Man wird keinen Schmelztest anfordern wenn eine Mine zu teuer wäre.
Mit dem Denken haste es nicht.
Das ist doch vollkommen klar. Aber umgekehrt gilt doch das gleiche. Wenn ich dort nur Elefantenscheiße finde, kann ich doch die Studie gleich in die Tonne schmeißen.
Antwort auf Beitrag Nr.: 34.383.794 von Bybbi am 26.06.08 19:06:27Die haben ein 43-101
Da ist kein Schwefel und der gleichen
Bitte warum sollten die dann Elefantenscheisse finden??
Bist du stoned oder was stimmt mit Deinem Kopf nicht?!!
Da ist kein Schwefel und der gleichen
Bitte warum sollten die dann Elefantenscheisse finden??
Bist du stoned oder was stimmt mit Deinem Kopf nicht?!!
Na gut Meislo. Ich will mich nicht rumstreiten. Nach Deiner/Eurer Meinung kann Test und Studie nur positiv ausfallen und nehmen wir mal an, das das alles auch die Miner , Stahlkocher RT usw. auch genau beobachten und das alles auch wissen, was Ihr/wir , wissen. Wobei ich denke, das die viel mehr wissen.
Nun nehmen wir alle Fakten, die dazu geführt haben , das der Eisenerzpreis durch die Decke geht. (möchte nicht noch mal alles wiedergeben, was im andern Forum durch die fleißigen Bienen zusammengetragen wurde) .
Warum in aller Welt interessiert keine Sau sich für Cardero? Die müssten doch alle völlig bescheuert sein?
Nun könnte man sagen, die haben doch viele Anfragen. Da muss ich Cardero fragen, warum macht man das nicht publik um den Aktienkurs zu stützen, damit man die Optionen und Warrants wandeln kann , um Geld in die Kasse zu bekommen.
Ich kann das alles nicht nachvollziehen . Wenn man sich die ganze Story um die Baja mal reinzieht, war man auch der Meinung, das es nur ein Bohrerfolg geben könnte. Was ist daraus geworden? Dort wurde auch vor Jahren Bergbau mit primitiven Mitteln betrieben . Sie haben dort Kupfererz mit unvorstellbaren Kupfergraden rausgeholt. Cardero bohrt und was finden sie, Elefantenscheiße.
Was der Kurs nun macht , ist mir fast egal, will ja eh um die ein Euro wieder rein, aber verstehen du ich es nicht.
Nun nehmen wir alle Fakten, die dazu geführt haben , das der Eisenerzpreis durch die Decke geht. (möchte nicht noch mal alles wiedergeben, was im andern Forum durch die fleißigen Bienen zusammengetragen wurde) .
Warum in aller Welt interessiert keine Sau sich für Cardero? Die müssten doch alle völlig bescheuert sein?
Nun könnte man sagen, die haben doch viele Anfragen. Da muss ich Cardero fragen, warum macht man das nicht publik um den Aktienkurs zu stützen, damit man die Optionen und Warrants wandeln kann , um Geld in die Kasse zu bekommen.
Ich kann das alles nicht nachvollziehen . Wenn man sich die ganze Story um die Baja mal reinzieht, war man auch der Meinung, das es nur ein Bohrerfolg geben könnte. Was ist daraus geworden? Dort wurde auch vor Jahren Bergbau mit primitiven Mitteln betrieben . Sie haben dort Kupfererz mit unvorstellbaren Kupfergraden rausgeholt. Cardero bohrt und was finden sie, Elefantenscheiße.
Was der Kurs nun macht , ist mir fast egal, will ja eh um die ein Euro wieder rein, aber verstehen du ich es nicht.
Antwort auf Beitrag Nr.: 34.384.482 von Bybbi am 26.06.08 20:21:11Heuchler - dein ganzer Auftritt ist auf "rumstreiten" angelegt. Du ignorierst jedwede Fakten und polemisierst angefangen mit der Threadüberschrift, stänkerst, machst dich über Menschen lustig, die ein vielfaches an Fachwissen und Branchenkenntnis angesammelt haben und weitergeben - und dann so ein Spruch.
Du hast diese Aktie nicht verdient.
Pfui.
Du hast diese Aktie nicht verdient.
Pfui.
Frag ihn doch einfach mal, wann Henk das letzte Mal Aktien verkauft hat ...
Ich wette - er weiß es nicht ...
Ich wette - er weiß es nicht ...
Antwort auf Beitrag Nr.: 34.384.677 von Guerilla Investor am 26.06.08 20:45:47doch, ich habs heute morgen geschrieben.
aber morgen weiß er es nicht mehr
aber morgen weiß er es nicht mehr
Du sollst doch nicht vorsagen ... 
Wer ein Heuchler ist?.....lassen wir das. Wer Aktien puscht und Lemminge mir der Psychokeule ……..lassen wir das. Ich könnte x-beliebig weitermachen, aber warum auch. Neono der große Meister hat recht, basta.
Bon seine Zeilen, haben alles gesagt und das einer aus den eigenen Reihen.
Bon seine Zeilen, haben alles gesagt und das einer aus den eigenen Reihen.
Antwort auf Beitrag Nr.: 34.384.719 von Bybbi am 26.06.08 20:51:20jaja, rettet dem Dativ.
ich hab die Aktie noch nie gepusht, wer das behauptet lügt.
Ich kenne keinen einzigen dieser user persönlich.
bon hat legitime Fragen gestellt und wenn du mal aus der neutralen Ecke schauen würdest gabs einen Konsens in den meisten Punkten.
Dein Feldzug basiert auf Unwissenheit, Eitelkeit und Ignoranz, mein lieber.
ich hab die Aktie noch nie gepusht, wer das behauptet lügt.
Ich kenne keinen einzigen dieser user persönlich.
bon hat legitime Fragen gestellt und wenn du mal aus der neutralen Ecke schauen würdest gabs einen Konsens in den meisten Punkten.
Dein Feldzug basiert auf Unwissenheit, Eitelkeit und Ignoranz, mein lieber.
Antwort auf Beitrag Nr.: 34.384.715 von Guerilla Investor am 26.06.08 20:50:38er vergisst es doch wieder, also was solls.
Also das muss ich jetzt mal aufgreifen, das Du keinen einzigen User persönlich kennst. Selbst ich kenne einen , der Dich genau kennt, Du kennst Ihn ebenfalls.
Aber was ist mit Malle oder München oder Hotelbar usw. Entweder hast Du damals gelogen oder eben.
Brauchst nicht zu antworten, ist eh egal. Glauben tu ich Dir schon lange nichts mehr.
Aber was ist mit Malle oder München oder Hotelbar usw. Entweder hast Du damals gelogen oder eben.
Brauchst nicht zu antworten, ist eh egal. Glauben tu ich Dir schon lange nichts mehr.
Antwort auf Beitrag Nr.: 34.384.847 von Bybbi am 26.06.08 21:09:47Bezieh doch deine Antworten bitte mal auf eine Person oder ein Statement, damit man weiß, auf was du so antwortest. Quantität ist nicht gleich Qualität.
Antwort auf Beitrag Nr.: 34.384.847 von Bybbi am 26.06.08 21:09:47wir klären das mal per BM; Lügen lasse ich mir nicht unterstellen.
Antwort auf Beitrag Nr.: 34.384.847 von Bybbi am 26.06.08 21:09:47da du dich weigerst mache ich es hier öffentlich:
Ich verbitte mir jegliche Unterstellungen und Behauptungen, wonach Aussagen von mir Unwahrheiten enthalten sollen.
Stell deine öffentliche Behauptung richtig oder erkläre, wie du darauf kommst, dann erkläre ich dir, worin dein Irrtum besteht.
Ich verbitte mir jegliche Unterstellungen und Behauptungen, wonach Aussagen von mir Unwahrheiten enthalten sollen.
Stell deine öffentliche Behauptung richtig oder erkläre, wie du darauf kommst, dann erkläre ich dir, worin dein Irrtum besteht.
@ Zwischentoene
Es leigt warscheinlich ein Irrtum oder Verwechslung vor.
Es leigt warscheinlich ein Irrtum oder Verwechslung vor.
Antwort auf Beitrag Nr.: 34.389.336 von Bybbi am 27.06.08 13:34:03danke dir.
Antwort auf Beitrag Nr.: 34.389.403 von Zwischentoene am 27.06.08 13:40:50um genau zu sein: wahrscheinlich danke ich dir für diese Klarstellung.
1,86
Ich frage mich , wo der Boden ist und ob das Gap geschlossen wird
Wenn ich wieder mal die Möglichkeit haben sollte an eien Bieterkapf mit 8 Konkurrenten zu beobachten, werde ich mit Vergnügen an diese Story denken.
Wenn ich wieder mal die Möglichkeit haben sollte an eien Bieterkapf mit 8 Konkurrenten zu beobachten, werde ich mit Vergnügen an diese Story denken.
Antwort auf Beitrag Nr.: 34.390.713 von Bybbi am 27.06.08 15:53:20welches gap?
Open Gaps TSX
Direction Date range
up Apr-16-2008 1.39 to 1.43
down Jun-25-2008 2.07 to 2.03
down Jun-24-2008 2.1 to 2.08
down Jun-23-2008 2.2 to 2.14
down Jun-11-2008 3.01 to 2.91
down May-22-2008 3.1 to 3.05
Open Gaps Amex
Direction Date range
up Apr-16-2008 1.33 to 1.35
down May-22-2008 3.15 to 3.11
Open Gaps TSX
Direction Date range
up Apr-16-2008 1.39 to 1.43
down Jun-25-2008 2.07 to 2.03
down Jun-24-2008 2.1 to 2.08
down Jun-23-2008 2.2 to 2.14
down Jun-11-2008 3.01 to 2.91
down May-22-2008 3.1 to 3.05
Open Gaps Amex
Direction Date range
up Apr-16-2008 1.33 to 1.35
down May-22-2008 3.15 to 3.11
1,95 knacken wir heute die 2,00? (so kann man den Tag auch ´rumkriegen)
knacken wir heute die 2,00? (so kann man den Tag auch ´rumkriegen) 
paßt scho ...
betteln sieht anders aus
Freitag wurden die Lemminge gefüttert und angelockt,
mal sehen, wo das Ding am Donnerstag und Freitag steht
Freitag wurden die Lemminge gefüttert und angelockt,
mal sehen, wo das Ding am Donnerstag und Freitag steht
Du schreibst echt nur Stuß ... Lemminge anlocken sieht anders aus ...
Antwort auf Beitrag Nr.: 34.396.243 von Bybbi am 28.06.08 11:18:02Kannst ja noch ein paar gefälschte mails einstellen, vielleich kriegst Du sie ja noch ein bisschen gedrückt, Du Witzfigur....
Wasn nu, krieg ich nu ne Pusher-BM oder nicht?
Drüben versucht man sich ja schon auf nächste Woche einzupushen, damit man ab nächste Woche wieder abladen kann.
Reichrechnen ist auch wieder angesagt. Dumm nur das das Schönrechnen nur bei den Lemmingen funktioniert.
Warum funktioniert das denn nicht bei RT, Chinesen, Indern usw. oder können die nicht rechnen.
Drüben versucht man sich ja schon auf nächste Woche einzupushen, damit man ab nächste Woche wieder abladen kann.
Reichrechnen ist auch wieder angesagt. Dumm nur das das Schönrechnen nur bei den Lemmingen funktioniert.
Warum funktioniert das denn nicht bei RT, Chinesen, Indern usw. oder können die nicht rechnen.
Mal sehen. Wie viele wieder drauf rein fallen. Mit bunten Bildern wird das ganze schön zelebriert. Das wirkt besser bei den Lemmingen. So was lernt man schon beim 1. Seminar.
mittlerweile ist mir klar, warum sie ihn "drüben" rausgeschmissen haben ... ... soviel Schwacxhsinn ist wirklich kaum zu ertragen ...
... soviel Schwacxhsinn ist wirklich kaum zu ertragen ...
Antwort auf Beitrag Nr.: 34.396.894 von Bybbi am 28.06.08 14:05:32wenn du der Meinung bist dass genannte Zahlen nicht passen dann bring gefälligst selber mal belastbare Berechnungen. Ignorantentum at its best.
Antwort auf Beitrag Nr.: 34.396.909 von Bybbi am 28.06.08 14:11:38shares went rise beautifully yesterday. Should we rather safeguard now, or buy us our profit fast with Palladon. We need your advice soon!
Love greetings...
Love greetings...
Antwort auf Beitrag Nr.: 34.397.188 von copperhead am 28.06.08 15:58:18you are wenigstens heavy on (copper-) wire here.
Haha Bybbi
Hättest mal gewartet anstatt zu verkaufen^^
Naja bist ja eh Bankrott.
Hättest mal gewartet anstatt zu verkaufen^^
Naja bist ja eh Bankrott.
Antwort auf Beitrag Nr.: 34.398.189 von Pfalzgold am 28.06.08 22:26:59Der Bybbi ist doch so ein Netter, und Ihr hackt immer auf Ihn ein
Guten Morgen
1 Euro , bald haben wir diese Marke erreicht
1 Euro , bald haben wir diese Marke erreicht
Antwort auf Beitrag Nr.: 34.402.231 von Bybbi am 30.06.08 10:51:16hmm.. und dann??... steigste voll ein oder warteste bis wir bei 0 sind?? oder was ist der plan des großartigen büpis?
Wie ich es vorige Woche schon sagte, noch mal hochziehen und dann abladen. Das ganze Spiel ist mittlerweile gut zu durchschauen und simpel, wie alt bekannt.
Unter 20 Dollar produzieren und keiner will es haben. Warum wohl? Verschweigt man da was??????????????????????
Unter 20 Dollar produzieren und keiner will es haben. Warum wohl? Verschweigt man da was??????????????????????
Zur Klarstellung. Ich bin nicht großartig. Um die Ein Euro werde ich wieder langsam einsteigen. Bin mir aber nicht sicher.
Nehmen wir mal an, man kann unter 20 Dollar produzieren. Frage: Was kostet der ganze Laden derzeit, was kostet eine Tonne Roheisen oder Eisenerz ? Warum existiert dann Cardero überhaupt noch? Das ist doch alles nicht mehr logisch oder?
Jeder Miner oder Stahlhersteller , die währen doch sau doof , wenn doch alles sooooooooooooo toll ausschaut.
Nehmen wir mal an, man kann unter 20 Dollar produzieren. Frage: Was kostet der ganze Laden derzeit, was kostet eine Tonne Roheisen oder Eisenerz ? Warum existiert dann Cardero überhaupt noch? Das ist doch alles nicht mehr logisch oder?
Jeder Miner oder Stahlhersteller , die währen doch sau doof , wenn doch alles sooooooooooooo toll ausschaut.
2 Milliarden für heiße Luft , eben nicht, denn die sind doch nicht bescheuert
, eben nicht, denn die sind doch nicht bescheuert
Jetzt weiß ich, was mit Bieterkrieg gemeint war!!!!!!!!!!!!!!!
Ich bin doch von völlig falschen Unternehmen ausgegangen. Ich dachte immer man streitet sich um Cardero .
Da lag ich ja total falsch. So ist es ja auch richtig. Die , die was haben, um die streitet man sich . Die , die nichts haben, lässt man links liegen.
Ich bin doch von völlig falschen Unternehmen ausgegangen. Ich dachte immer man streitet sich um Cardero .
Da lag ich ja total falsch.
So ist es ja auch richtig. Die , die was haben, um die streitet man sich . Die , die nichts haben, lässt man links liegen.
Wo sind denn die Sclußkurse ? Bald ist ja Übernahme mit Zweistelligkeit gemanagt vom Weihnachtsmann.
Bald ist ja Übernahme mit Zweistelligkeit gemanagt vom Weihnachtsmann. !
Dieser Beitrag wurde moderiert.
Man erinnere sich noch mal an den CC von L. H. und Henk, es klingt wie hohn und spott.
Was macht eigentlich der Hitzmann ?
Ist der schon auf der Baja unterm Kaktus eingepennt? Oder ist das auch so ein Projekt , wo sich Cardero an der Nase hat rumführen lassen?
Tolle Firma. Ich frage mich die ganze Zeit, was haben die überhaupt seit Ihres Bestehens auf die Reihe bekommen?
Ach jaaaaaaaaaaaa, immer neuer Aktien ausgegeben, das können die perfekt. Na ja mit Hilfe von Konsulthing Firmen lässt sich das auch machen.
Ist der schon auf der Baja unterm Kaktus eingepennt? Oder ist das auch so ein Projekt , wo sich Cardero an der Nase hat rumführen lassen?
Tolle Firma. Ich frage mich die ganze Zeit, was haben die überhaupt seit Ihres Bestehens auf die Reihe bekommen?
Ach jaaaaaaaaaaaa, immer neuer Aktien ausgegeben, das können die perfekt. Na ja mit Hilfe von Konsulthing Firmen lässt sich das auch machen.
Na, dann wollen wir die Berechnung vom "Langhaarigen" nochmal einstellen. Wirklich gut gemacht und sehr konservativ gerechnet:
#86531 von valueinvestor 23.09.06 19:45:24 Beitrag Nr.: 24.137.398
Vielleicht interessiert es:
In einem anderen Foruzm wurde ich aufgefordert darzulegen, warum ich in Cardero investiert bin und bleibe
Iron Sands
Fläche 320 km²
2 Proben wurden zu Beginn untersucht:
Eine 2 mal magnetisch stationär getrennte und eine im Feld mit einem Handmagneten - letztere mit höherem Silikatgehalt.
Ergebnis: Extrakt mit 95% Eisengehalt und 5% Kohlenstoff.
In der Schlacke Titan- und Vanadiumverbindungen.
Beide Proben hatten ähnliche Qualität, das heißt die magnetische Separation funktioniert mit Primitivmethoden bereits sehr gut.
Genauer untersucht werden die Pampa El Toro area 15 km² und die Toro West area 11 km². Man bedenke das die Gesamtfläche mehr als 10 mal so groß ist, mit anzunehmenden ähnlichen Magnetitgehalten. Auch sind nur die oberstens 30 Meter untersucht, die Dünen sind aber wesentlich höher. Aufgrund des spezifischen Gewichts sollte die Magnetitkonzentration nach unten hin zunehmen (kennt jeder aus der Müslischachtel: kleine schwere Teile liegen unten, Cornflakes oben).
Die Gesamtmengen an Magnetit sind also deutlich höher als die Mengen von denen im folgenden berichtet wird.
Auf wiederum einer Teilfläche von 7 km² und 30 m Tiefe liegt genügend Magnetit, um ein Werk 57 Jahre lang je 500.000$ pigiron im Wert von 235 Millionen $ per annum produzieren zu lassen.
Die Schlacke enthält 5% Titan und 0,5% Vanadium. Vanadium kostet 10$ das pound, Titan 480$ die Tonne. Noch ist nicht sicher, ob Ti und Va aus der Schlacke extrahiert werden können, diese zusätzlichen Umsätze können das Projekt aber in ganz andere Sphären katapultieren.
Jetzt ist das Separieren von Magnetit aus Sand mittels eines Magneten einleuchtenderweise deutlich billiger als das Herausbrechen aus Gestein. Daher kalkuliert man auf Seiten Carderos mit Produktionskosten von nur 19$/t. Damit liegt man deutlich am untersten Ende der branchenüblichen Kosten von 65 75$
Für dieses Werk müssten 900.000t Konzentrat jährlich gefördert werden. Angenommen in einem joint venture könnte ein Unternehmen gewonnen werden, welches die Förderinfrastruktur stellt.
Pi mal Daumen:
45.000.000 Aktien
Gewinn je Tonne Konzentrat 20$ (vorsichtigst gerechnet und nicht die 50$ von oben genommen!)
macht bei 900kt 18 Millionen Gewinn, 40 Cent je Aktie, der Gewinn für Cardero hinge vom jointventure-Anteil ab. Die haben Geld im Sand am Meer!
#86531 von valueinvestor 23.09.06 19:45:24 Beitrag Nr.: 24.137.398
Vielleicht interessiert es:
In einem anderen Foruzm wurde ich aufgefordert darzulegen, warum ich in Cardero investiert bin und bleibe
Iron Sands
Fläche 320 km²
2 Proben wurden zu Beginn untersucht:
Eine 2 mal magnetisch stationär getrennte und eine im Feld mit einem Handmagneten - letztere mit höherem Silikatgehalt.
Ergebnis: Extrakt mit 95% Eisengehalt und 5% Kohlenstoff.
In der Schlacke Titan- und Vanadiumverbindungen.
Beide Proben hatten ähnliche Qualität, das heißt die magnetische Separation funktioniert mit Primitivmethoden bereits sehr gut.
Genauer untersucht werden die Pampa El Toro area 15 km² und die Toro West area 11 km². Man bedenke das die Gesamtfläche mehr als 10 mal so groß ist, mit anzunehmenden ähnlichen Magnetitgehalten. Auch sind nur die oberstens 30 Meter untersucht, die Dünen sind aber wesentlich höher. Aufgrund des spezifischen Gewichts sollte die Magnetitkonzentration nach unten hin zunehmen (kennt jeder aus der Müslischachtel: kleine schwere Teile liegen unten, Cornflakes oben).
Die Gesamtmengen an Magnetit sind also deutlich höher als die Mengen von denen im folgenden berichtet wird.
Auf wiederum einer Teilfläche von 7 km² und 30 m Tiefe liegt genügend Magnetit, um ein Werk 57 Jahre lang je 500.000$ pigiron im Wert von 235 Millionen $ per annum produzieren zu lassen.
Die Schlacke enthält 5% Titan und 0,5% Vanadium. Vanadium kostet 10$ das pound, Titan 480$ die Tonne. Noch ist nicht sicher, ob Ti und Va aus der Schlacke extrahiert werden können, diese zusätzlichen Umsätze können das Projekt aber in ganz andere Sphären katapultieren.
Jetzt ist das Separieren von Magnetit aus Sand mittels eines Magneten einleuchtenderweise deutlich billiger als das Herausbrechen aus Gestein. Daher kalkuliert man auf Seiten Carderos mit Produktionskosten von nur 19$/t. Damit liegt man deutlich am untersten Ende der branchenüblichen Kosten von 65 75$
Für dieses Werk müssten 900.000t Konzentrat jährlich gefördert werden. Angenommen in einem joint venture könnte ein Unternehmen gewonnen werden, welches die Förderinfrastruktur stellt.
Pi mal Daumen:
45.000.000 Aktien
Gewinn je Tonne Konzentrat 20$ (vorsichtigst gerechnet und nicht die 50$ von oben genommen!)
macht bei 900kt 18 Millionen Gewinn, 40 Cent je Aktie, der Gewinn für Cardero hinge vom jointventure-Anteil ab. Die haben Geld im Sand am Meer!
Sag mal du komischer Vogel ... was schreibst du eigentlich für einen Schwachsinn, wenn du doch gleichzeitig mit steigenden Kursen rechnest ...? 
Du glaubst doch nicht ernsthaft, daß dir dein unsägliches Geseire hier auch nur ein Zehntelprozentpünktchen günstigere Einstiegskurse sichert ...
Solang du dich nur selber verarschst, ist es ja gut, dir selber scheints ja nicht mehr zu schaden. Aber die Mitlesenden für dämlicher zu halten, als man sich selber aufführt, zeugt nicht gerade von ... ach egal ...
Wenn du unbedingt Geld brauchst, kauf Vivacon 604891 ...
Du glaubst doch nicht ernsthaft, daß dir dein unsägliches Geseire hier auch nur ein Zehntelprozentpünktchen günstigere Einstiegskurse sichert ...
Solang du dich nur selber verarschst, ist es ja gut, dir selber scheints ja nicht mehr zu schaden. Aber die Mitlesenden für dämlicher zu halten, als man sich selber aufführt, zeugt nicht gerade von ... ach egal ...
Wenn du unbedingt Geld brauchst, kauf Vivacon 604891 ...
Diese Berechnungen meine ich nicht. Ich meine die , wo er zig mal mit dem Oberlehrer gestritten hat. Raussuchen unter hunderten „Guten Morgen“ musst Du schon selbst.
und wie viele Aktien haben wir seit dieser Berechnung neu ausgegeben?
Wie viel Prozent vom Sand sind denn überhaupt verwertbar 5% oder sind es gar nur 3% , der Langhaarige hatte mal was von 3,xx angegeben
Wie viel Abraum ich da wieder zurück transportieren muss, kann sich jeder selber ausmalen.
Aber sieht ja alles sooooooooooooo toll aus und es ist ein großer Bieterkrieg entbrannt mit Umsätzen , die alle Dimensionen sprengen
Und noch was Guerilla, Du brauchst es nicht lesen.
Wie viel Abraum ich da wieder zurück transportieren muss, kann sich jeder selber ausmalen.
Aber sieht ja alles sooooooooooooo toll aus und es ist ein großer Bieterkrieg entbrannt mit Umsätzen , die alle Dimensionen sprengen
Und noch was Guerilla, Du brauchst es nicht lesen.
250 Stück FF
minus 4,55% Bieterschlacht mal anders rum
wie macht der immer ??
Muahahahahahahahahaha
Muahahahahahahahahaha
.
Viele Beiträge
hier und heute.
Der Tagestipp: du könntest ( mit
dem Nachbarthread ) gleichziehen,
wenn du ( bei Google )die Suchwörter
Rio Tinto ... China
... und Mittal eingibst
und (anschließend) die Kopien
hier veröffentlichst.
Nachmittags ( das Ganze )
einfach wiederholen.
.
.
Viele Beiträge
hier und heute.
Der Tagestipp: du könntest ( mit
dem Nachbarthread ) gleichziehen,
wenn du ( bei Google )die Suchwörter
Rio Tinto ... China
... und Mittal eingibst
und (anschließend) die Kopien
hier veröffentlichst.
Nachmittags ( das Ganze )
einfach wiederholen.
.
.
Antwort auf Beitrag Nr.: 34.410.639 von Bybbi am 01.07.08 11:39:24Tu ich auch nicht mehr ...
Was ist denn nun aus deinem ambitionierten Thread-Titel geworden, hast du mal eine Aufstellung gemacht, wieviele Shares er nun insgesamt verkauft hat und wieviele er noch hält ? Dasselbe bei den anderen Insidern und auch mal geschaut, was er bei seinen anderen Firmen in der Hinsicht macht ...?
Was ist denn nun aus deinem ambitionierten Thread-Titel geworden, hast du mal eine Aufstellung gemacht, wieviele Shares er nun insgesamt verkauft hat und wieviele er noch hält ? Dasselbe bei den anderen Insidern und auch mal geschaut, was er bei seinen anderen Firmen in der Hinsicht macht ...?
@ married
muß Nachmittag mal weg, warum schreibst Du in Klammern ?
Nachmacher ( jederzeit )
muß Nachmittag mal weg, warum schreibst Du in Klammern ?
Nachmacher
( jederzeit )
Cardero Resource - der Startschuss ist gefallen - auf zu neuen Höhen!
Was hälls`de denn von dem Titel??
Ich lach mich schlapp
Was hälls`de denn von dem Titel??
Ich lach mich schlapp
Man wird Cardero austrocknen, wie einen Fisch in der Sonne. Und vom Bieterkrieg können die träumen, die nicht wissen , was der Mond wiegt.
Und vom Bieterkrieg können die träumen, die nicht wissen , was der Mond wiegt.
Amex 2,00 und wieder runter
Wo sind denn die Maulhelden und Bieterkriegschreier?? warum kommentiert man nicht diese Kurse
Wo sind denn die Maulhelden und Bieterkriegschreier?? warum kommentiert man nicht diese Kurse
[urlPeru mining unions strike begins]http://tvnz.co.nz/view/page/411366/1881786
Jun 30, 2008 6:14 PM
Peru's largest federation of mining unions said that a nationwide strike has started, in a move to put pressure on Congress to pass a bill that would improve labour benefits.
It was not immediately clear what effect the strike will have on production in Peru, the world's leading silver producer and second-largest copper and zinc miner, as shifts will be turning over at mines in the coming hours.
"The strike began at midnight and at eight or nine in the morning, we will start to receive reports from each mine to see the impact of our protest," Julio Ortiz, sub-secretary of the country's leading federation of mining unions told Reuters in a telephone conversation.
Workers are expected to walk off the job at mines owned by Southern Copper, controlled by Grupo Mexico, Freeport-McMoran's Cerro Verde, Buenaventura, Canada's Barrick Gold, Shougang Hierro Peru, zinc producer Volcan, tin producer Minsur, Doe Run Peru, and others.
The Federation of Peruvian Mining Workers wants Congress to approve a law to eliminate caps on profit sharing so workers can benefit more from sky-high metals prices.
Federation head Luis Castillo has said unions across the country approved the strike, while workers at the Casapalca and Morococha mines, on the outskirts of Lima, planned to block highways as part of their protest.
Similar strikes last year reduced output and boosted international metals prices.
Mineral exports from Peru, a leading global metals producer, have helped fuel a six-year economic boom, but mine workers say they are not getting a fair share of profits.
The federation delayed the start of its strike twice this year to give Congress more time to discuss a profit-sharing bill for the industry.
The government of Peruvian President Alan Garcia has expressed support for the bill, but congressional leaders have not been able to reach a consensus.
The unions are also asking the government to change rules for early retirement, give workers the right to enrol in state-run pension funds and reduce the workday.
Another demand, a clampdown on outsourcing, was granted last week.
[/url]
weil wir einen Bieterkrieg haben, sin die Umsätze so gering
Antwort auf Beitrag Nr.: 34.414.817 von Bybbi am 01.07.08 18:52:00gähhhhn!
die Steigerung von doof: "doof, doofer, B....".
die Steigerung von doof: "doof, doofer, B....".
was`n nu AMEX Schlußkurs ??????????
was`n nu Übernahmeschlacht , ach so , erst schlachten und dann übernehmen dann klappt`s auch mit dem Sand
was`n nu Übernahmeschlacht , ach so , erst schlachten und dann übernehmen
dann klappt`s auch mit dem Sand
Guten Morgen (jederzeit)
Ist heute Übernahmetag? Mit Kampfhandlung in den Dünen?
Ist heute Übernahmetag? Mit Kampfhandlung in den Dünen?
Antwort auf Beitrag Nr.: 34.417.691 von Bybbi am 02.07.08 07:52:28.
Altes Lästermaul
Wo bleiben die Kopien nach hierher ?
( Aber hüte dich vor irgendwelchen Kommentaren dazu )
Viel Erfolg heute an der Börse. ... und dort ein Auge auf die live caddles werfen !
.
Altes Lästermaul
Wo bleiben die Kopien nach hierher ?
( Aber hüte dich vor irgendwelchen Kommentaren dazu )
Viel Erfolg heute an der Börse. ... und dort ein Auge auf die live caddles werfen !
.
@ married
ebenfalls viel Erfolg heute
ebenfalls viel Erfolg heute
das ist ja geil
Cardero Henk verkauft weiter Aktien | wallstreet-online.de
Cardero Henk verkauft weiter Aktien vom 01.07.08 einer Diskussion im Forum Gold, Silber, Minen, Explorer von ... Rio Tinto ... China ... und Mittal eingibst ...
www.wallstreet-online.de/diskussion/1141588-neustebeitraege/cardero-henk-verkauft-weiter-aktien - Ähnliche Seiten
Cardero Resource - der Startschuss ist gefallen - auf zu neuen ...
Stahlkonzerne wie Arcelor Mittal und Tata Steel, Erzgiganten wie BHP Billiton, Rio Tinto oder Anglo American kaufen alle Eisenerzminen der Region auf, ...
www.wallstreet-online.de/.../cardero-resource-der-startschuss-ist-gefallen-auf-zu-neuen-hoehen - 111k - Im Cache - Ähnliche Seiten
Weitere Ergebnisse von www.wallstreet-online.de »
ARCELORMITTAL S.A. : ´FT´: Mittal erwägt Eintritt in
30.06.08 09:22 ´FT´: Mittal erwägt Eintritt in Bieterschlacht um Rio Tinto ... 27.06.08 11:37 ArcelorMittal baut China-Geschäft aus - Joint Venture ...
aktien.wallstreet-online.de/1083349/nachrichten.html?news_id=2440171&inst_id=1083349&market_id=6... - vor 23 Stunden gefunden - Ähnliche Seiten
ARCELORMITTAL S.A. : ArcelorMittal baut China-Geschäft aus - Joint
´FT´: Mittal erwägt Eintritt in Bieterschlacht um Rio Tinto ... LUXEMBURG (dpa-AFX) - Der weltgrößte Stahlkocher ArcelorMittal baut sein China-Geschäft aus. ...
aktien.wallstreet-online.de/1083349/nachrichten.html?news_id=2438810&inst_id=1083349&market_id=6... - vor 23 Stunden gefunden - Ähnliche Seiten
Weitere Ergebnisse von aktien.wallstreet-online.de »
!!! GOLD + SILBER PREIS !!! Informationen und Gerüchte ...
Cardero Resources Candente Resource Gruß silver_bug .... Wie die von der US-Gesellschaft Freeport McMoRan und Rio Tinto betriebene Mine Grasberg. ...
www.silberbrief.de/index.php?page=Thread&postID=30843 - 158k - Im Cache - Ähnliche Seiten
CDY - CARDERO RESOURCE Stock Quote. HedgeStop.com, Making Business ...
- [ Diese Seite übersetzen ]
Cardero Resource Corp its subsidiaries, engage in the acquisition, exploration, and development of mineral ... RIO TINTO PLC (RTP) · BARRICK GOLD (ABX) ...
www.hedgestop.com/fantasy/quote.php?ticker=CDY - 32k - Im Cache - Ähnliche Seiten
Cardero Henk verkauft weiter Aktien | wallstreet-online.de
Cardero Henk verkauft weiter Aktien vom 01.07.08 einer Diskussion im Forum Gold, Silber, Minen, Explorer von ... Rio Tinto ... China ... und Mittal eingibst ...
www.wallstreet-online.de/diskussion/1141588-neustebeitraege/cardero-henk-verkauft-weiter-aktien - Ähnliche Seiten
Cardero Resource - der Startschuss ist gefallen - auf zu neuen ...
Stahlkonzerne wie Arcelor Mittal und Tata Steel, Erzgiganten wie BHP Billiton, Rio Tinto oder Anglo American kaufen alle Eisenerzminen der Region auf, ...
www.wallstreet-online.de/.../cardero-resource-der-startschuss-ist-gefallen-auf-zu-neuen-hoehen - 111k - Im Cache - Ähnliche Seiten
Weitere Ergebnisse von www.wallstreet-online.de »
ARCELORMITTAL S.A. : ´FT´: Mittal erwägt Eintritt in
30.06.08 09:22 ´FT´: Mittal erwägt Eintritt in Bieterschlacht um Rio Tinto ... 27.06.08 11:37 ArcelorMittal baut China-Geschäft aus - Joint Venture ...
aktien.wallstreet-online.de/1083349/nachrichten.html?news_id=2440171&inst_id=1083349&market_id=6... - vor 23 Stunden gefunden - Ähnliche Seiten
ARCELORMITTAL S.A. : ArcelorMittal baut China-Geschäft aus - Joint
´FT´: Mittal erwägt Eintritt in Bieterschlacht um Rio Tinto ... LUXEMBURG (dpa-AFX) - Der weltgrößte Stahlkocher ArcelorMittal baut sein China-Geschäft aus. ...
aktien.wallstreet-online.de/1083349/nachrichten.html?news_id=2438810&inst_id=1083349&market_id=6... - vor 23 Stunden gefunden - Ähnliche Seiten
Weitere Ergebnisse von aktien.wallstreet-online.de »
!!! GOLD + SILBER PREIS !!! Informationen und Gerüchte ...
Cardero Resources Candente Resource Gruß silver_bug .... Wie die von der US-Gesellschaft Freeport McMoRan und Rio Tinto betriebene Mine Grasberg. ...
www.silberbrief.de/index.php?page=Thread&postID=30843 - 158k - Im Cache - Ähnliche Seiten
CDY - CARDERO RESOURCE Stock Quote. HedgeStop.com, Making Business ...
- [ Diese Seite übersetzen ]
Cardero Resource Corp its subsidiaries, engage in the acquisition, exploration, and development of mineral ... RIO TINTO PLC (RTP) · BARRICK GOLD (ABX) ...
www.hedgestop.com/fantasy/quote.php?ticker=CDY - 32k - Im Cache - Ähnliche Seiten
!
Dieser Beitrag wurde moderiert.
Man sollte sich vielleicht doch an die richtigen Experten wenden und nicht an die möchtegern Pusher aus irgendeinem Forum.
Antwort auf Beitrag Nr.: 34.411.634 von Guerilla Investor am 01.07.08 13:17:55
Was ist denn nun aus deinem ambitionierten Thread-Titel geworden, hast du mal eine Aufstellung gemacht, wieviele Shares er nun insgesamt verkauft hat und wieviele er noch hält ? Dasselbe bei den anderen Insidern und auch mal geschaut, was er bei seinen anderen Firmen in der Hinsicht macht ...?
Da kannst Du wohl warten, bis Du schwarz wirst...
Schöne Grüße in die Hauptstadt.
Was ist denn nun aus deinem ambitionierten Thread-Titel geworden, hast du mal eine Aufstellung gemacht, wieviele Shares er nun insgesamt verkauft hat und wieviele er noch hält ? Dasselbe bei den anderen Insidern und auch mal geschaut, was er bei seinen anderen Firmen in der Hinsicht macht ...?
Da kannst Du wohl warten, bis Du schwarz wirst...
Schöne Grüße in die Hauptstadt.
Eisenerz ist der Rohstoff „der Stunde“ und Cardero bringt es nicht auf die Reihe hier Fakten zu schaffen. Jämmerlich
Cardero braucht eine halbe Ewigkeit , um eine Studie zu PdP machen zu lassen. Eh die fertig ist, kühlt sich die Weltkonjunktur schon wieder ab. Der Dollar wird stärker und Anleger gehen aus den Rohstoffen wieder raus.
Ich befürchte, das der Eisenerzzug wiedermal ohne Cardero weiterfährt .
Aber man hat ja weitere Aktien an den Mann gebracht und abkassiert,das ist einigen Herren wahrscheinlich wichtiger.
und Cardero bringt es nicht auf die Reihe hier Fakten zu schaffen. Jämmerlich Cardero braucht eine halbe Ewigkeit , um eine Studie zu PdP machen zu lassen.
Eh die fertig ist, kühlt sich die Weltkonjunktur schon wieder ab. Der Dollar wird stärker und Anleger gehen aus den Rohstoffen wieder raus. Ich befürchte, das der Eisenerzzug wiedermal ohne Cardero weiterfährt .
Aber man hat ja weitere Aktien an den Mann gebracht und abkassiert,
das ist einigen Herren wahrscheinlich wichtiger.
Was hällst Du denn von dem Titel?
Cardero Resource - der Startschuss ist gefallen - auf zu neuen Höhen!
Der klingt wie hohn und spott.
Cardero Resource - der Startschuss ist gefallen - auf zu neuen Höhen!
Der klingt wie hohn und spott.
Was ist denn aus dem Block geworden, wo es um eine Übernahme ging?
Übernahme droht oder so lautete der Titel. Warum schreibt da keiner mehr. Haben die Leser etwa begriffen, um was es geht ?
Ist einigen der „Groschen „ gefallen?
Übernahme droht oder so lautete der Titel.
Warum schreibt da keiner mehr. Haben die Leser etwa begriffen, um was es geht ? Ist einigen der „Groschen „ gefallen?
Antwort auf Beitrag Nr.: 34.417.956 von Bybbi am 02.07.08 08:50:01Bob hat Dir nichts dergleichen geschrieben. Ich habe dir schon einmal gesagt, dass Du nicht mit Lügen/Unterstellungen um Dich werfen sollst. Dein albernes Geseier darfst Du ansonsten selbstverständlich fortsetzen. Dich öffentlich selbst zu blamieren steht Dir jederzeit frei...
Hier noch einmal Mr. Moriarty´s Stelungnahme zu Deiner Lügengeschichte:
Von Robert J Moriarty <bob@321gold.com>
An:
Datum: 19.06.2008 13:51:11
Betreff: Re: Cardero
I don't have any idea of who he is or why he is saying that. Someone just
asked me the same question.
Bob
> Dear Mr. Moriarty,
>
> we have a user here running around on german wallstreet-online discussion
> board, telling everybody that you wrote him 4 weeks ago "sell Cardero and put it
> all into Palladon". As you might think, this confuses many Cardero
> shareholders.
>
> Would you please help to verify this? Is this true?
>
> Thank you very much!
>
> best regards
Deine gefälschte mail liegt Mr. Moriarty bereits vor. Sie ist so dämlich manipuliert, dass es selbst ein 3-jähriger sehen kann, Du Witzfigur!
Hier noch einmal Mr. Moriarty´s Stelungnahme zu Deiner Lügengeschichte:
Von Robert J Moriarty <bob@321gold.com>
An:
Datum: 19.06.2008 13:51:11
Betreff: Re: Cardero
I don't have any idea of who he is or why he is saying that. Someone just
asked me the same question.
Bob
> Dear Mr. Moriarty,
>
> we have a user here running around on german wallstreet-online discussion
> board, telling everybody that you wrote him 4 weeks ago "sell Cardero and put it
> all into Palladon". As you might think, this confuses many Cardero
> shareholders.
>
> Would you please help to verify this? Is this true?
>
> Thank you very much!
>
> best regards
Deine gefälschte mail liegt Mr. Moriarty bereits vor. Sie ist so dämlich manipuliert, dass es selbst ein 3-jähriger sehen kann, Du Witzfigur!
Antwort auf Beitrag Nr.: 34.410.639 von Bybbi am 01.07.08 11:39:24"Wie viel Abraum ich da wieder zurück transportieren muss, kann sich jeder selber ausmalen. "
Ich würde dich zwingen diesen Abraum mit nem gelochten Eierlöffel zurück zu bringen. Was du hier veranstaltest ist nicht bordregelkonform. Ich verstehe
nicht, dass so eine Hetzkampagne wochenlang geduldet wird.
Ich würde dich zwingen diesen Abraum mit nem gelochten Eierlöffel zurück zu bringen. Was du hier veranstaltest ist nicht bordregelkonform. Ich verstehe
nicht, dass so eine Hetzkampagne wochenlang geduldet wird.
!
Dieser Beitrag wurde moderiert.
Antwort auf Beitrag Nr.: 34.419.421 von Bybbi am 02.07.08 11:26:06Du glaubst deine Lügen schon selber, das ist offensichtlich.
Deine Beleidigung ist zu harmlos, gib doch mal richtig Gas,
dann haben Deine Hetzereien hier wenigstens bald ein Ende.
Deine Beleidigung ist zu harmlos, gib doch mal richtig Gas,
dann haben Deine Hetzereien hier wenigstens bald ein Ende.
Antwort auf Beitrag Nr.: 34.419.421 von Bybbi am 02.07.08 11:26:06Ich mach einfach ma den Anfang..
Bybbi hat nen gaanz ganz ganz ganz kleinen pullermann..
so.. jetzt bist du dran.. un nu gib alles
Bybbi hat nen gaanz ganz ganz ganz kleinen pullermann..
so.. jetzt bist du dran.. un nu gib alles
Schon mal was von Quellcode gehört ? So was kann überprüft werden und gilt auch bei Gericht als Beweis.
Ich brauch keinen zu beleidigen, das überlasse ich Euch. Darin seit Ihr einsame Spitze. Der Kurs von Cardero der beste Beweis dafür, das diese Bude nichts auf die Reihe bekommt. ob Ihr das begreift oder nicht.
Und ich habe die letzten 4 Jahre recht behalten, ob Ihr das nun war haben wollt oder nicht.
Und ich habe die letzten 4 Jahre recht behalten, ob Ihr das nun war haben wollt oder nicht.
Antwort auf Beitrag Nr.: 34.419.676 von Bybbi am 02.07.08 11:49:51Was du hier abziehst nennt man "Quellkot".
Antwort auf Beitrag Nr.: 34.419.741 von Bybbi am 02.07.08 11:56:10Wir sollten hier mal sauber trennen was Realität ist und was deine Hetzkampagne betrifft.
Den Kurs kennt jeder, da reicht ein Blick auf den Chart.
Deine Tiraden sind ignoranter, verlogener Schmutz, mehr nicht.
Den Kurs kennt jeder, da reicht ein Blick auf den Chart.
Deine Tiraden sind ignoranter, verlogener Schmutz, mehr nicht.
perfekt, danke, wenn man keine Argumente mehr hat, muß man eben beleidigen
Du kannst es nicht besser zur Schau stellen
Du kannst es nicht besser zur Schau stellen
Antwort auf Beitrag Nr.: 34.419.764 von Zwischentoene am 02.07.08 11:57:25ich find den quellkotz nimmer..
nochmal posten bitte
nochmal posten bitte
Antwort auf Beitrag Nr.: 34.419.825 von Bybbi am 02.07.08 12:01:23wie soll man sich sonst mit einem ignoranten Lügner unterhalten?
du ignorierst Fakten und postest im Stakkato worst-case-Szenarien auf Basis falscher Sachverhalte.
Mir unterstellst du Sachverhalte die ich bereit bin richtigzustellen, verweigerst mir aber gleichzeitig die Möglichkeit.
Fakten hast du keine drauf, kopierst nur Beiträge auf dem Hauptthread und benimmst dich hier wie Karl Eduard. Ich gehe davon aus dass du weißt wer das ist, du benutzt ja seine polemischen Techniken der Auslassung und Tatsachenverdrehung.
du ignorierst Fakten und postest im Stakkato worst-case-Szenarien auf Basis falscher Sachverhalte.
Mir unterstellst du Sachverhalte die ich bereit bin richtigzustellen, verweigerst mir aber gleichzeitig die Möglichkeit.
Fakten hast du keine drauf, kopierst nur Beiträge auf dem Hauptthread und benimmst dich hier wie Karl Eduard. Ich gehe davon aus dass du weißt wer das ist, du benutzt ja seine polemischen Techniken der Auslassung und Tatsachenverdrehung.
Antwort auf Beitrag Nr.: 34.419.932 von Zwischentoene am 02.07.08 12:11:42Karl Eduart muss er kennen.. ich vermute nämlich das bybbi Sachse ist..
ich übrigens auch.. also kein angriff an bybbi nur ne vermutung..
hab ich denn recht???
nischwor meen gudsdor
ich übrigens auch.. also kein angriff an bybbi nur ne vermutung..
hab ich denn recht???
nischwor meen gudsdor
Antwort auf Beitrag Nr.: 34.420.414 von dahool23 am 02.07.08 13:01:03keine Ahnung, das ist mir auch völlig egal.
Diese Aktie muss ihn mal fürchterlich viel Geld gekostet haben, sonst würde er rationaler an die Geschichte herangehen. Dass er sich zu keiner anderen Aktie äußert legt für mich nahe, dass er pleite ist, ursächlich durch rein-raus in falschen Moment mit Cardero-shares.
Diese Aktie muss ihn mal fürchterlich viel Geld gekostet haben, sonst würde er rationaler an die Geschichte herangehen. Dass er sich zu keiner anderen Aktie äußert legt für mich nahe, dass er pleite ist, ursächlich durch rein-raus in falschen Moment mit Cardero-shares.
Antwort auf Beitrag Nr.: 34.420.502 von Zwischentoene am 02.07.08 13:11:00nee nee.. der junge is gut.. deshalb hat er für jede aktie nen anderen namen.. und postet sehr genau nur hier mit bebbo und woanders mit .. was anderem..
Zwischen.
Nur mal ne Frage.
Nehmen wir mal an, du müsstest deinen Heizöltank auffüllen und die Preise seien seit Jahren gestiegen und werden voraussichtlich noch weiter steigen. Dein Lieferrand hat die Preise ebenfalls erhöht und wird sie auch weiter anheben.. Nun hättest du aber die Möglichkeit bei einer Raffinerie große Mengen auf Jahre zu einem Bruchteil dessen, was dein Lieferrand haben möchte , zu beziehen. Du weist ebenfalls, das du nicht der einzige bist, der so ein Angebot von der Raffinerie erhalten hat. Die Zeit drängt, es kann jeden Tag passieren, das ein anderer dir das Angebot vor der Nase wegschnappt. Was machst du nun? Wartest du so lange, bis das Angebot ein anderer angenommen hat oder wartest du bis das Angebot nun viel höher liegt, sagen wir mal das zehnfache? Traust du den ganzen Braten nicht? Traust du den Braten immer noch, auch wenn keiner auf das Angebot eingeht?
Nur mal ne Frage.
Nehmen wir mal an, du müsstest deinen Heizöltank auffüllen und die Preise seien seit Jahren gestiegen und werden voraussichtlich noch weiter steigen. Dein Lieferrand hat die Preise ebenfalls erhöht und wird sie auch weiter anheben.. Nun hättest du aber die Möglichkeit bei einer Raffinerie große Mengen auf Jahre zu einem Bruchteil dessen, was dein Lieferrand haben möchte , zu beziehen. Du weist ebenfalls, das du nicht der einzige bist, der so ein Angebot von der Raffinerie erhalten hat. Die Zeit drängt, es kann jeden Tag passieren, das ein anderer dir das Angebot vor der Nase wegschnappt. Was machst du nun? Wartest du so lange, bis das Angebot ein anderer angenommen hat oder wartest du bis das Angebot nun viel höher liegt, sagen wir mal das zehnfache? Traust du den ganzen Braten nicht? Traust du den Braten immer noch, auch wenn keiner auf das Angebot eingeht?
Eduart kenne ich nicht. Ich denke aber , ich weis wen du meinst. Und der Typ war ein A.....loch und eine D...sau.
Nein ich komme nicht aus Sachsen. Obwol dort schöne Mädchen wohnen sollen.
Nein ich komme nicht aus Sachsen. Obwol dort schöne Mädchen wohnen sollen.
Antwort auf Beitrag Nr.: 34.420.735 von Bybbi am 02.07.08 13:38:23 ist Lieferrand der schwager von Mitterrand?
Kindergartenlogik mit Schnitzler-Einlagen.
Die Welt ist weit komplexer als du es hier darstellst.
warum hat die Bundesregierung die Erdölreserven angetastet und muss sie zu weit höhreren Preisen wieder auffüllen?
Warum hat Thyssen...:
" Und auch der australische Eisenerzförderer Rio Tinto kann sich freuen.
*** ThyssenKrupp hingegen nicht mehr.
Dieser deutsche Stahlriese hatte sich vor einigen Jahren dazu entschlossen, seine Eisenerzvorkommen in Südamerika zu verkaufen. „Müssen wir doch nicht selber besitzen, können wir ja auch günstig kaufen", so dachte sich da wohl jemand, dessen Verstand nicht so belastbar war wie der harte Kruppstahl.
Also verkaufte ThyssenKrupp seine Eisenerzminen in Südamerika. (Ein zentraler Input für die Stahlproduktion wurde ohne Not aus der Hand gegeben, weil Quartalszahlendenken regiert.)
Es kam, wie es kommen musste: Kaum waren die Minen verkauft, da stieg der Eisenerzpreis.
Und auch im Jahr danach.
Und im Jahr danach. Bis heute. Es kam zu regelrechten Preisexplosionen von 80% Plus pro Jahr.
Doch da hatte ThyssenKrupp längst verkauft. Inzwischen kauft dieses Unternehmen zu einem Vielfachen des damaligen Eisenerzpreises die Produktion seiner ehemals firmeneigenen Minen.
Wer kaufte damals die Eisenerzminen? Die brasilianische CVRD.
*** Und da jetzt ein Großteil der weltweiten Eisenerzvorkommen in den Händen von CVRD und Rio Tinto ist, können diese die Preise diktieren. Auch gegenüber so einem mächtigen Käufer wie China.
Konkret: CVRD konnte gerade Preissteigerungen zwischen 65 und 71% aushandeln.
Und Rio Tinto verlangt von chinesischen Stahlkochern sogar 96,5% mehr, für den Zeitraum 2008/2009. (Quelle: FTD) Und die Chinesen haben akzeptiert.
Rio Tinto kann noch mehr fordern, da die Transportwege nach China kürzer sind als die von CVRD. Deshalb zahlen die Chinesen sogar 96,5% mehr.
Der Rohstoff-Bullenmarkt ist noch lange nicht vorbei... "
Lügen und Ignoranz, das gibts hier von Dir zu bewundern.
Lies und lerne.
15 Jahre Börsenerfahrung willst du haben? Dass ich nicht lache. Die Summe deiner Beiträge lässt auf gelangweilten Teenager schließen.
ist Lieferrand der schwager von Mitterrand?Kindergartenlogik mit Schnitzler-Einlagen.
Die Welt ist weit komplexer als du es hier darstellst.
warum hat die Bundesregierung die Erdölreserven angetastet und muss sie zu weit höhreren Preisen wieder auffüllen?
Warum hat Thyssen...:
" Und auch der australische Eisenerzförderer Rio Tinto kann sich freuen.
*** ThyssenKrupp hingegen nicht mehr.
Dieser deutsche Stahlriese hatte sich vor einigen Jahren dazu entschlossen, seine Eisenerzvorkommen in Südamerika zu verkaufen. „Müssen wir doch nicht selber besitzen, können wir ja auch günstig kaufen", so dachte sich da wohl jemand, dessen Verstand nicht so belastbar war wie der harte Kruppstahl.
Also verkaufte ThyssenKrupp seine Eisenerzminen in Südamerika. (Ein zentraler Input für die Stahlproduktion wurde ohne Not aus der Hand gegeben, weil Quartalszahlendenken regiert.)
Es kam, wie es kommen musste: Kaum waren die Minen verkauft, da stieg der Eisenerzpreis.
Und auch im Jahr danach.
Und im Jahr danach. Bis heute. Es kam zu regelrechten Preisexplosionen von 80% Plus pro Jahr.
Doch da hatte ThyssenKrupp längst verkauft. Inzwischen kauft dieses Unternehmen zu einem Vielfachen des damaligen Eisenerzpreises die Produktion seiner ehemals firmeneigenen Minen.
Wer kaufte damals die Eisenerzminen? Die brasilianische CVRD.
*** Und da jetzt ein Großteil der weltweiten Eisenerzvorkommen in den Händen von CVRD und Rio Tinto ist, können diese die Preise diktieren. Auch gegenüber so einem mächtigen Käufer wie China.
Konkret: CVRD konnte gerade Preissteigerungen zwischen 65 und 71% aushandeln.
Und Rio Tinto verlangt von chinesischen Stahlkochern sogar 96,5% mehr, für den Zeitraum 2008/2009. (Quelle: FTD) Und die Chinesen haben akzeptiert.
Rio Tinto kann noch mehr fordern, da die Transportwege nach China kürzer sind als die von CVRD. Deshalb zahlen die Chinesen sogar 96,5% mehr.
Der Rohstoff-Bullenmarkt ist noch lange nicht vorbei... "
Lügen und Ignoranz, das gibts hier von Dir zu bewundern.
Lies und lerne.
15 Jahre Börsenerfahrung willst du haben? Dass ich nicht lache. Die Summe deiner Beiträge lässt auf gelangweilten Teenager schließen.
Antwort auf Beitrag Nr.: 34.420.805 von Bybbi am 02.07.08 13:45:34denke ma du meinst den Eduart den wir auch meinen..
ja klar in sachsen gibts die besten mädels.. die dürfen nur niemals sprechen.. denn dann willst du nix mehr mit denen zu tun ham..
JOAA MOCHS MIAAR DU DISCHOR
ja klar in sachsen gibts die besten mädels.. die dürfen nur niemals sprechen.. denn dann willst du nix mehr mit denen zu tun ham..
JOAA MOCHS MIAAR DU DISCHOR
Ich kann nur sagen , Danke Bob , für den Tipp.
Antwort auf Beitrag Nr.: 34.424.836 von Bybbi am 02.07.08 20:31:43.
Die Kopien .... denkst du noch an die Kopien !
Jede Kopie = 1 Beitrag !
20 - 30 davon
habe ich woanders schon wiedergefunden,
heute.
.
Die Kopien .... denkst du noch an die Kopien !
Jede Kopie = 1 Beitrag !
20 - 30 davon
habe ich woanders schon wiedergefunden,
heute.
.
Kostenloser Newsticker auf (sporadisch) täglicher Basis.
Schlusskurs Cardero = CDU in Toronto an der alles entscheidenden Heimatbörse.
Tag eins nach dem Freiwerden des CAD 1,10er PP:
CDU 2.220 +0.070 +3.26 151,800
Schlusskurs Cardero = CDU in Toronto an der alles entscheidenden Heimatbörse.
Tag eins nach dem Freiwerden des CAD 1,10er PP:
CDU 2.220 +0.070 +3.26 151,800
Antwort auf Beitrag Nr.: 34.425.235 von married am 02.07.08 21:27:58Vielleicht sollten wir hier auch das (natürlich nur aus Gründen der Höflichkeit!) morgendliche Begrüßungsritual abziehen. Ein mittägliches Mahlzeit und ein abendliches Gute Nacht wäre doch auch nett.
Ich fang schon mal an:
Auf einen sonnigen guten Tag! Mögen sich die Vorhersagen des Nachbarthreads erfüllen!
Auf einen sonnigen guten Tag! Mögen sich die Vorhersagen des Nachbarthreads erfüllen!
Da im Nachbarthread so viel Wert darauf gelegt wird:
Antwort auf Beitrag Nr.: 34.429.251 von married am 03.07.08 12:32:04gratuliere zum Runden!
Antwort auf Beitrag Nr.: 34.429.516 von hingucker am 03.07.08 12:57:46.
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Bybbi sollte sich bedanken. Auch hier mit 4 nichtssagenden Beiträgen weiter nach oben zu den 150.000ern.....
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Bybbi sollte sich bedanken. Auch hier mit 4 nichtssagenden Beiträgen weiter nach oben zu den 150.000ern.....
Erstaunlich das hier niemand die Kommentierung der gestrigen Schlusskurse einfordert...
wie doch sonst hier üblich...
wie doch sonst hier üblich...
Nur so als Gedächtnisstütze....
Kostenloser Newsticker auf (sporadisch) täglicher Basis.
Schlusskurs Cardero = CDU in Toronto an der alles entscheidenden Heimatbörse.
Tag eins nach dem Freiwerden des CAD 1,10er PP:
CDU 2.220 +0.070 +3.26 151,800
Kostenloser Newsticker auf (sporadisch) täglicher Basis.
Schlusskurs Cardero = CDU in Toronto an der alles entscheidenden Heimatbörse.
Tag eins nach dem Freiwerden des CAD 1,10er PP:
CDU 2.220 +0.070 +3.26 151,800
Guten Abend Reals !
s !
Die Übernahme ist zum Greifen nahe! Siehe Stückzahlen.
Der Kurs, na ja.
Der Kurs, na ja.
Antwort auf Beitrag Nr.: 34.430.189 von copperhead am 03.07.08 13:59:44Erstaunlich das hier niemand die Kommentierung der gestrigen Schlusskurse einfordert...
Dafür darf du heute den Schlusskurs einstellen und kommentieren.
Dafür darf du heute den Schlusskurs einstellen und kommentieren.
.
Hättet ihr Anfang 2005 euer Geld auf S&P, NASDAQ oder DOW an Stelle von CARDERO gesetzt .....
....... würdet ihr heute auch nicht sooooooo viel besser dastehen:
.
Hättet ihr Anfang 2005 euer Geld auf S&P, NASDAQ oder DOW an Stelle von CARDERO gesetzt .....
....... würdet ihr heute auch nicht sooooooo viel besser dastehen:
.
Ich habe noch nie eine Kommentierung von Schlusskursen eingefordert, so alberne Spielchen brauche ich nicht. Mich hat nur gewundert, dass die Kommentierung hier nur an gewissen Tagen eingefordert wird...
Antwort auf Beitrag Nr.: 34.424.836 von Bybbi am 02.07.08 20:31:43Gratuliere zu deinem inzwischen doch recht viel gelesenen Thread.
Nebenan scheint es langweilig zu werden, da trotz oft ausgesprochener Kontaktsperre sich immer mehr user hierher verirren.
Lass dich nicht von irgendwelchen Zwischenhoehnern und deren aus Frust hier abgeladenen üblen Beleidigungen irritieren. Der Frust muss schon sehr tief sitzen, wenn man sich zu solchen Tiraden hinreißen lässt.
Über die Qualität deiner Beiträge kann man natürlich trefflich streiten. Aber sie entbehren manchmal nicht einer gewissen Logik.
Auch ich wundere mich, warum CDU nicht schon längst geschluckt wurde, von wem auch immer. Spätestens seit dem Engagement von Luxor müssten doch die potenziellen Interessenten Schlange stehen. Inzwischen ist es ja auch um Einiges billiger geworden. Es wird zwar immer wieder betont, dass die Interessenten vor Ort sich gegenseitig die Türklinke in die Hand geben, allein mir fehlt der Glaube.
Es kursieren zurzeit so viele Übernahmegerüchte mit schier unglaublichen finanziellen Volumina. Die Eisenerzpreise steigen unaufhaltsam. Warum aber hört und liest man nicht das leiseste Grummeln über Aktivitäten CDU betreffend. Da CDU kaum einen Grund haben dürfte, Nachrichten über solche Aktivitäten zurück zu halten, ist zu vermuten, da ist so gut wie nichts
Nebenan scheint es langweilig zu werden, da trotz oft ausgesprochener Kontaktsperre sich immer mehr user hierher verirren.
Lass dich nicht von irgendwelchen Zwischenhoehnern und deren aus Frust hier abgeladenen üblen Beleidigungen irritieren. Der Frust muss schon sehr tief sitzen, wenn man sich zu solchen Tiraden hinreißen lässt.
Über die Qualität deiner Beiträge kann man natürlich trefflich streiten. Aber sie entbehren manchmal nicht einer gewissen Logik.
Auch ich wundere mich, warum CDU nicht schon längst geschluckt wurde, von wem auch immer. Spätestens seit dem Engagement von Luxor müssten doch die potenziellen Interessenten Schlange stehen. Inzwischen ist es ja auch um Einiges billiger geworden. Es wird zwar immer wieder betont, dass die Interessenten vor Ort sich gegenseitig die Türklinke in die Hand geben, allein mir fehlt der Glaube.
Es kursieren zurzeit so viele Übernahmegerüchte mit schier unglaublichen finanziellen Volumina. Die Eisenerzpreise steigen unaufhaltsam. Warum aber hört und liest man nicht das leiseste Grummeln über Aktivitäten CDU betreffend. Da CDU kaum einen Grund haben dürfte, Nachrichten über solche Aktivitäten zurück zu halten, ist zu vermuten, da ist so gut wie nichts
Antwort auf Beitrag Nr.: 34.434.427 von hingucker am 03.07.08 20:53:54.
Gratuliere zu deinem inzwischen doch recht viel gelesenen Thread.
Aber mit smilies und / oder unkommentierten Kopien allgemein zugänglicher Nachrichten aus dem web sowie mit Hinweisen auf jederzeit erwarteter TH's wäre er ungeklammert bei 2.100 Beiträgen.
Das muß er noch lernen.
Gratuliere zu deinem inzwischen doch recht viel gelesenen Thread.
Aber mit smilies und / oder unkommentierten Kopien allgemein zugänglicher Nachrichten aus dem web sowie mit Hinweisen auf jederzeit erwarteter TH's wäre er ungeklammert bei 2.100 Beiträgen.
Das muß er noch lernen.
ein Gutes hat ja der Haupthread unbestritten: wenn da nicht im Minutentakt über irgendwelche Iceberge, UBS-, House1- und sonstige Käufe fabuliert wird, kann man sich den Blick auf die Kurstafel getrost sparen, weil das Teil dann garantiert mal wieder am Abkacken ist
im Moment ist der Kurs außer durch die frei werdenden Stücke aus dem letzten PP halt auch ganz einfach durch die frei werdenden Options und Warrants "gedeckelt"; wenn die nur minimal über der Schwelle sind, werden sie halt versilbert; würd jeder andere hier genau so machen, bevor der Dreck wertlos verfällt.
und da kommt die Tage noch so einiges:
Outstanding Warrants:
Number Price Expiry Date
750,000 $2.00 July 12, 2008
1,100,000 $2.00 July 23, 2008
44,500 $2.00 July 23, 2008
176,000 $1.75 July 23, 2008
Outstanding Stock Options:
Number Price Expiry Date
1,275,000 $1.95 August 4, 2008
im Moment ist der Kurs außer durch die frei werdenden Stücke aus dem letzten PP halt auch ganz einfach durch die frei werdenden Options und Warrants "gedeckelt"; wenn die nur minimal über der Schwelle sind, werden sie halt versilbert; würd jeder andere hier genau so machen, bevor der Dreck wertlos verfällt.
und da kommt die Tage noch so einiges:
Outstanding Warrants:
Number Price Expiry Date
750,000 $2.00 July 12, 2008
1,100,000 $2.00 July 23, 2008
44,500 $2.00 July 23, 2008
176,000 $1.75 July 23, 2008
Outstanding Stock Options:
Number Price Expiry Date
1,275,000 $1.95 August 4, 2008
Benutzername: Bybbi
Registriert seit: 30.06.2004 [ seit 1.465 Tagen ]
Benutzer ist momentan: Offline seit dem 02.07.2008 um 21:05
Nanu, die "Betreuer" werden ihn doch nicht wieder eingefangen haben?
Registriert seit: 30.06.2004 [ seit 1.465 Tagen ]
Benutzer ist momentan: Offline seit dem 02.07.2008 um 21:05
Nanu, die "Betreuer" werden ihn doch nicht wieder eingefangen haben?
Guten Morgen,
auch heute hier (wie jederzeit) bitte nicht die 5-Minuten-Stakkato-postings im Stile von "gleich sind wir durch" vergessen...
das hält den thread oben und die Tastatur warm
auch heute hier (wie jederzeit) bitte nicht die 5-Minuten-Stakkato-postings im Stile von "gleich sind wir durch
" vergessen...das hält den thread oben und die Tastatur warm
Antwort auf Beitrag Nr.: 34.436.802 von copperhead am 04.07.08 10:10:26...auch heute hier (wie jederzeit) bitte nicht die 5-Minuten-Stakkato-postings im Stile von "gleich sind wir durch " vergessen...
Falscher Thread!
Gehört in Neono's Thread. Und die Taktzahl stimmt auch nicht. Minütlich kommt dem schon näher.
Falscher Thread!
Gehört in Neono's Thread. Und die Taktzahl stimmt auch nicht. Minütlich kommt dem schon näher.
Ach ja, guten Morgen Reals!
s!
Antwort auf Beitrag Nr.: 34.437.616 von hingucker am 04.07.08 11:37:13alles bullshit. Hier habe ich noch nichts Konstruktives gelesen.
Hier kommt nur Müll und Waschweibergezänk!
Ich klick hier nicht mehr hin. Bringt nichts.
Hier kommt nur Müll und Waschweibergezänk!
Ich klick hier nicht mehr hin. Bringt nichts.
Antwort auf Beitrag Nr.: 34.438.028 von dilago am 04.07.08 12:16:17...Ich klick hier nicht mehr hin....
Versprochen?
Versprochen?
Antwort auf Beitrag Nr.: 34.402.280 von Bybbi am 30.06.08 10:58:03Wie ich es vorige Woche schon sagte, noch mal hochziehen und dann abladen. Das ganze Spiel ist mittlerweile gut zu durchschauen und simpel, wie alt bekannt. aufmerksam
Na ja....
also mit dem Abladen klappt es ja irgendwie noch nicht so gut...
sie arbeiten wahrscheinlich noch ´dran....
Na ja....
also mit dem Abladen klappt es ja irgendwie noch nicht so gut...
sie arbeiten wahrscheinlich noch ´dran....
.
Heute bisher fast 500 x gelesen.
10 x öfters als der thread über MICROSOFT ( " ... bald wieder up " )
.
Heute bisher fast 500 x gelesen.
10 x öfters als der thread über MICROSOFT ( " ... bald wieder up " )
.
Bin mal gespannt, ob die hier so beliebte Kommentierung der Schlusskurse heute wieder eingefordert wird...
im Moment sieht es wohl nicht danach aus...
im Moment sieht es wohl nicht danach aus...
Is ja lustig, in diesem Thread steht ja wirklich überhaupt nichts zur Sache, nixblicker unter sich.
Antwort auf Beitrag Nr.: 34.439.088 von Kauf am 04.07.08 14:14:49.
Hallo kauf
du bist ja auch hier.
Wie geht es dir sonst ?
.
Hallo kaufdu bist ja auch hier.
Wie geht es dir sonst ?
.
Ich stell´s mal hier rein, weil es "drüben" auch nach mehrmaliger Anfrage einfach keiner beantworten will..
#153995 von married Benutzerinfo Nachricht an Benutzer Beiträge des Benutzers ausblenden 04.07.08 20:27:37 Beitrag Nr.: 34.442.187
Dieses Posting: versenden | melden drucken
Folgende Antwort bezieht sich auf Beitrag Nr.: 34.440.206 von silbernd am 04.07.08 16:08:38 .
aber noch früh genug wird es (hier) turbulent werden
Ein klare Einschätzung ...
denkt man.
Aber .... meinst du turbulent bei fallenden oder steigenden oder gleichbleibenden Kursen ?
das ist sozusagen, wie ja hier immer wieder gewünscht,
eine allgemein verfügbare
Kopie
Natürlich
Kommentarlos
eingestellt (wie jederzeit)..
so klappt´s vielleicht mit den 150.000
#153995 von married Benutzerinfo Nachricht an Benutzer Beiträge des Benutzers ausblenden 04.07.08 20:27:37 Beitrag Nr.: 34.442.187
Dieses Posting: versenden | melden drucken
Folgende Antwort bezieht sich auf Beitrag Nr.: 34.440.206 von silbernd am 04.07.08 16:08:38 .
aber noch früh genug wird es (hier) turbulent werden
Ein klare Einschätzung ...
denkt man.
Aber .... meinst du turbulent bei fallenden oder steigenden oder gleichbleibenden Kursen ?
das ist sozusagen, wie ja hier immer wieder gewünscht,
eine allgemein verfügbare
Kopie
Natürlich
Kommentarlos
eingestellt (wie jederzeit)..
so klappt´s vielleicht mit den 150.000
Antwort auf Beitrag Nr.: 34.442.374 von copperhead am 04.07.08 21:12:39.
Wärst du ein guter Kopierer würde ich dich jetzt trotzdem in die Werkstatt geben müssen.
Du hast nämlich folgendes wegkopiert und somit das Thema verfehlt:
" unkommentierten Kopien allgemein zugänglicher Nachrichten aus dem web "
Setzten ... 6 .... !
.
Wärst du ein guter Kopierer würde ich dich jetzt trotzdem in die Werkstatt geben müssen.
Du hast nämlich folgendes wegkopiert und somit das Thema verfehlt:
" unkommentierten Kopien allgemein zugänglicher Nachrichten aus dem web "
Setzten ... 6 .... !
.
Antwort auf Beitrag Nr.: 34.420.805 von Bybbi am 02.07.08 13:45:34
psychotherapeutische massnahmen sind dringend erforderlich.
psychotherapeutische massnahmen sind dringend erforderlich.
Antwort auf Beitrag Nr.: 34.442.619 von donleone1 am 04.07.08 22:05:45Die Psychotherapie (griech. ψυχοθεραπεία, psychotherapía – Heilen der Seele) ist die Behandlung von Menschen mit geistig-seelischen, körperlichen und psychosomatischen Krankheiten, Leidenszuständen oder Verhaltensstörungen mittels systematischer Anwendung psychologischer, d.h. wissenschaftlich fundierter Methoden verbaler und nonverbaler Kommunikation.
Es gibt verschiedene Psychotherapieformen. Die Verhaltenstherapie beinhaltet Veränderungen der sozialen Umgebung und Interaktion. Das Ziel ist hierbei die Ausbildung und Förderung von Fähigkeiten und die Ermöglichung einer besseren Selbstregulation. Beispielsweise versucht die kognitive Verhaltenstherapie dem Betroffenen seine Gedanken und Bewertungen bewusst zu machen, diese gegebenenfalls zu korrigieren und in konkrete Verhaltensweisen umzusetzen.
In der Tiefenpsychologie (z. B. der Psychoanalyse) findet eher eine Auseinandersetzung mit "dem Unbewussten" (oder Nichtgewussten) statt, um die Hintergründe und Ursachen des Leidens zu klären.
...
http://de.wikipedia.org/wiki/Psychotherapie
Es gibt verschiedene Psychotherapieformen. Die Verhaltenstherapie beinhaltet Veränderungen der sozialen Umgebung und Interaktion. Das Ziel ist hierbei die Ausbildung und Förderung von Fähigkeiten und die Ermöglichung einer besseren Selbstregulation. Beispielsweise versucht die kognitive Verhaltenstherapie dem Betroffenen seine Gedanken und Bewertungen bewusst zu machen, diese gegebenenfalls zu korrigieren und in konkrete Verhaltensweisen umzusetzen.
In der Tiefenpsychologie (z. B. der Psychoanalyse) findet eher eine Auseinandersetzung mit "dem Unbewussten" (oder Nichtgewussten) statt, um die Hintergründe und Ursachen des Leidens zu klären.
...
http://de.wikipedia.org/wiki/Psychotherapie
Irgendwie will immer noch keiner die am häufigsten gestellte Frage des Tages beantworten...
Ist eigentlich
ziemlich unhöflich
wenn schon so intensiv nachgefragt
wird
Ich glaub´ ich stell´s nochmal
in diesen komischen
MICROSOFT - wann wieder up?? - Thread
Vielleicht wissen die da allgemein verfügbare Kopien zu schätzen...
Ist eigentlich
ziemlich unhöflich
wenn schon so intensiv nachgefragt
wird
Ich glaub´ ich stell´s nochmal
in diesen komischen
MICROSOFT - wann wieder up?? - Thread
Vielleicht wissen die da allgemein verfügbare Kopien zu schätzen...
Ich finde, passt hier auch ganz gut rein..
#154064 von married 05.07.08 10:23:17 Beitrag Nr.: 34.443.443
Dieses Posting: versenden | melden
Folgende Antwort bezieht sich auf Beitrag Nr.: 34.443.177von HotMod am 05.07.08 07:42:44 .
3. Gerade im Internet ist das Recht auf Meinungsfreiheit von großer Bedeutung. Versuchen Sie deshalb niemandem Ihre Meinung aufzuzwingen.
Danke für diese Hervorhebung ... gerade hier !
auch und gerade wegen der hier
(jederzeit) und immer wieder gern
erhobenen Forderung nach
Einstellung frei und allgemein
verfügbarer Kopien!
man ist ja gern behilflich
#154064 von married 05.07.08 10:23:17 Beitrag Nr.: 34.443.443
Dieses Posting: versenden | melden
Folgende Antwort bezieht sich auf Beitrag Nr.: 34.443.177von HotMod am 05.07.08 07:42:44 .
3. Gerade im Internet ist das Recht auf Meinungsfreiheit von großer Bedeutung. Versuchen Sie deshalb niemandem Ihre Meinung aufzuzwingen.
Danke für diese Hervorhebung ... gerade hier !
auch und gerade wegen der hier
(jederzeit) und immer wieder gern
erhobenen Forderung nach
Einstellung frei und allgemein
verfügbarer Kopien!
man ist ja gern behilflich
Mahlzeit (jederzeit)
Mal ein paar Tage nicht da und wie von mir vorhergesagt, kackt der Kurs weiter ab. War ja klar. Von Übernahmeschlacht keine Spur weit und breit nichts zu sehen.
Optionen und Warrants werden gewandelt und Kasse gemacht. Cardero ist nur heiße Luft. Cardero könnte eine richtige Frickbude sein, aber nicht mal der greift das Teil an.
Wenn Cardero nur einen Funken in der Hinterhand hätte, wären die Umsätze viel höher. Wenn Interessenten angeblich mit Cardero auf der PdP waren und Gespräche mit Firmen statt gefunden haben, zwecks Baja, dann scheint ja nicht viel rausbekommen zu sein. Das Interesse jener Firmen ist wohl sehr bescheiden. Aber vielleicht verstehe ich das ja mal wieder nicht, das die alle warten biss Cardero 5 CAD kostet, bevor sie für Cardero bieten.
Meine Meinung ist die, das Cardero einfach nichts hat, was die Übernehmenden anspricht.
Mal ein paar Tage nicht da und wie von mir vorhergesagt, kackt der Kurs weiter ab. War ja klar. Von Übernahmeschlacht keine Spur weit und breit nichts zu sehen.
Optionen und Warrants werden gewandelt und Kasse gemacht. Cardero ist nur heiße Luft. Cardero könnte eine richtige Frickbude sein, aber nicht mal der greift das Teil an.
Wenn Cardero nur einen Funken in der Hinterhand hätte, wären die Umsätze viel höher. Wenn Interessenten angeblich mit Cardero auf der PdP waren und Gespräche mit Firmen statt gefunden haben, zwecks Baja, dann scheint ja nicht viel rausbekommen zu sein. Das Interesse jener Firmen ist wohl sehr bescheiden. Aber vielleicht verstehe ich das ja mal wieder nicht, das die alle warten biss Cardero 5 CAD kostet, bevor sie für Cardero bieten.
Meine Meinung ist die, das Cardero einfach nichts hat, was die Übernehmenden anspricht.
Outstanding Warrants:
Number Price Expiry Date
750,000 $2.00 July 12, 2008
1,100,000 $2.00 July 23, 2008
44,500 $2.00 July 23, 2008
176,000 $1.75 July 23, 2008
Outstanding Stock Options:
Number Price Expiry Date
1,275,000 $1.95 August 4, 2008
so sieht das aus, was da noch kommt
Number Price Expiry Date
750,000 $2.00 July 12, 2008
1,100,000 $2.00 July 23, 2008
44,500 $2.00 July 23, 2008
176,000 $1.75 July 23, 2008
Outstanding Stock Options:
Number Price Expiry Date
1,275,000 $1.95 August 4, 2008
so sieht das aus, was da noch kommt
Antwort auf Beitrag Nr.: 34.449.074 von Bybbi am 07.07.08 10:49:47.
Das Interesse jener Firmen ist wohl sehr bescheiden. Aber vielleicht verstehe ich das ja mal wieder nicht, .....
Jederzeit ( zuwartend )
dieser Gedanke dazu:
vielleicht haben die
( intessierten ) Firmen
ihre Angestellten / Sekretärinnen
so gut im Griff, das(s) wirklich
nichts nach außen dringen kann / darf
(( geschweige denn irgend welche
größere frontrunnig - Transaktionen
( mehr ) getätigt werden )).
.
Das Interesse jener Firmen ist wohl sehr bescheiden. Aber vielleicht verstehe ich das ja mal wieder nicht, .....
Jederzeit ( zuwartend )
dieser Gedanke dazu:
vielleicht haben die
( intessierten ) Firmen
ihre Angestellten / Sekretärinnen
so gut im Griff, das(s) wirklich
nichts nach außen dringen kann / darf
(( geschweige denn irgend welche
größere frontrunnig - Transaktionen
( mehr ) getätigt werden )).
.
Eins ist fackt, „etwas „ dringt immer durch. Es sei denn, es war bei Nacht und Nebel.
Ich denke aber , das es nichts gab zum „nach außen dringen“
So fährt der Rohstoffzug ohne Cardero ab und weiter.. Wo bei das so nicht richtig ist. Die Insider und gewisse Personen verdienen sich eine goldene Nase bei diesem Spiel.
Es sei denn, es war bei Nacht und Nebel.Ich denke aber , das es nichts gab zum „nach außen dringen“
So fährt der Rohstoffzug ohne Cardero ab und weiter.. Wo bei das so nicht richtig ist. Die Insider und gewisse Personen verdienen sich eine goldene Nase bei diesem Spiel.
Antwort auf Beitrag Nr.: 34.451.161 von Bybbi am 07.07.08 15:13:17Kleines Lümmelchen- hast du wieder "für extra" so einige Rechtschreibfehlerchen eingestreut
@ viena
mach Dir doch mal Gedanken um Gallero ÄÄÄÄÄ Cardero und nicht über meine Schreibleise oder Schreibweise
mach Dir doch mal Gedanken um Gallero
ÄÄÄÄÄ Cardero und nicht über meine Schreibleise oder Schreibweise
Ich denke mal, das man Cardero im Juli noch mal richtig zusammenfalten wird.
!
Dieser Beitrag wurde moderiert. Grund: Provokation!
Dieser Beitrag wurde moderiert. Grund: Provokation
Antwort auf Beitrag Nr.: 34.453.718 von Bybbi am 07.07.08 19:02:10Cardero steht mit Nichten vor einem Bieterkrieg.
oder waren es gar Tanten ???
oder waren es gar Tanten ???
ich bin neu in diesem thread hier und freue mich über alle diese substantiellen beiträge zu dieser aktie, ich habe gehört, dass Cardero ein paar neue filialen eröffnet hat:
- ein käppiladen in lima
- ein kugelschreiberladen in der nähe von mexiko
- und natürlich caderos pizza in ämm wo war das noch?
ich denke insbesondere die pig pizza wird die aktie doch nach oben treiben, so in etwa auf ein zweijahreshoch und das ziemlich bald
- ein käppiladen in lima
- ein kugelschreiberladen in der nähe von mexiko
- und natürlich caderos pizza in ämm wo war das noch?
ich denke insbesondere die pig pizza wird die aktie doch nach oben treiben, so in etwa auf ein zweijahreshoch und das ziemlich bald
!
Dieser Beitrag wurde moderiert.
In einem anderen Forum habe ich heute gelesen, das ich wieder mal durchdrehe. Da muss ich aber widersprechen. Schließlich hatte ich Pob`s Rat befolgt und alles verkauft. Nun stehe ich an der Seitenlinie zu und lache mir nen Ast.
Antwort auf Beitrag Nr.: 34.454.230 von alex63 am 07.07.08 19:53:19.
pig pizza wird die aktie doch nach oben treiben
Wenn das die Mafia mitbekommt
werden jederzeit( erste )
Schutzgeld
Forderungen kommen ...
und so etwas kann eine
Pizzeria in den Ruin treiben ...
Oder man macht es
auf die sanfte Tour
und hält Mehllieferungen
zurück ( oder es kommt
zu seltsamen Pannen
bei den Auslieferungen)
so dass selbst treueste
Kunden plötzlich
abspringen.
.
pig pizza wird die aktie doch nach oben treiben
Wenn das die Mafia mitbekommt werden jederzeit( erste )
Schutzgeld
Forderungen kommen ...
und so etwas kann eine
Pizzeria in den Ruin treiben ...
Oder man macht es
auf die sanfte Tour
und hält Mehllieferungen
zurück ( oder es kommt
zu seltsamen Pannen
bei den Auslieferungen)
so dass selbst treueste
Kunden plötzlich
abspringen.
.
Mehl werden die keines mehr brauchen und die treuen Kunden werden sich nach was neuem umsehen, nach dem sie abgegrast haben.
und die treuen Kunden werden sich nach was neuem umsehen, nach dem sie abgegrast haben.
und der Zirkel mittendrin
Antwort auf Beitrag Nr.: 34.439.022 von copperhead am 04.07.08 14:07:01
Jo, da werde ich doch gleich mal aktiv:
CDU 2,08 +1,46% 79,5kVOL
CDY 2,07 +0,48% 46,95VOL
Das sind die Cardero-Schlusskurse vom 07.07.2008 an der TSX und an der AMEX genau eine volle Woche nach dem Freiwerden des CAD 1,10er PP´s. Verkaufsdruck sieht anders aus...
Es gibt also ca. 7 Millionen Shares, die gerade mal 4 Monate alt sind und schon auf fast 100 % Gewinn sitzen, aber verkaufen wollen die wenigsten Eigentümer. Warum denn nur nicht?
Jo, da werde ich doch gleich mal aktiv:
CDU 2,08 +1,46% 79,5kVOL
CDY 2,07 +0,48% 46,95VOL
Das sind die Cardero-Schlusskurse vom 07.07.2008 an der TSX und an der AMEX genau eine volle Woche nach dem Freiwerden des CAD 1,10er PP´s. Verkaufsdruck sieht anders aus...
Es gibt also ca. 7 Millionen Shares, die gerade mal 4 Monate alt sind und schon auf fast 100 % Gewinn sitzen, aber verkaufen wollen die wenigsten Eigentümer. Warum denn nur nicht?
Das schöne an diesem Thread - irgendeiner postet immer die Schlusskurse.
Der Bybbi ist das in letzter Zeit seltener ...
Der Bybbi ist das in letzter Zeit seltener ...
deja-vu
Re: Just spoke with Bobby Blackburn of Whitestar!!
31 minutes ago Keep up the hard work, Mr. Bob!! (eom)
Re: Just spoke with Bobby Blackburn of Whitestar!!
31 minutes ago Keep up the hard work, Mr. Bob!! (eom)
Antwort auf Beitrag Nr.: 34.456.035 von to_siam am 07.07.08 23:00:06Ja vielen Dank auch! 
Die Kommentierung der Schlusskurse wird hier (wie jederzeit) nur an bestimmten Tagen eingefordert...
warum eigentlich?
Die Kommentierung der Schlusskurse wird hier (wie jederzeit) nur an bestimmten Tagen eingefordert...
warum eigentlich?
Antwort auf Beitrag Nr.: 34.454.912 von Bybbi am 07.07.08 21:05:25.
Arbeitest du inzwischen
( auch ) mit advfn zusammen
und radierst in ( deren
Tagescharts ( Schlußkurse )
herum ?
Du Schlingel !
http://de.advfn.com/p.php?pid=staticchart&s=A^CDY&p=0&t=1&dm…
Gute Geschäfte heute !
( ich soll "leider" heute - mind. bis 15:00 Uhr - einem Meeting angeblicher Führungskräfte und ( eher oder ) Coaches beiwohnen ).
.
.
Arbeitest du inzwischen
( auch ) mit advfn zusammen
und radierst in ( deren
Tagescharts ( Schlußkurse )
herum ?
Du Schlingel !
http://de.advfn.com/p.php?pid=staticchart&s=A^CDY&p=0&t=1&dm…
Gute Geschäfte heute !
( ich soll "leider" heute - mind. bis 15:00 Uhr - einem Meeting angeblicher Führungskräfte und ( eher oder ) Coaches beiwohnen ).
.
.
Auch der hier so beliebten Aufforderung nach Einstellung frei im Netz verfügbarer Kopien möchte ich gerne wieder nachkommen...
Tue Apr 22, 2008
Cardero Receives Positive Metallurgical Test Results for Pampa de Pongo Iron Ore Deposit Initiates Additional Metallurgical Testing NI 43-101 Resource of 953Mt @ 44.7% Iron and 0.12% Copper--------------------------------------------------------------------------------
Cardero Resource Corp. ("Cardero" or the "Company") -- (TSX: CDU, AMEX: CDY, Frankfurt: CR5) is pleased to announce it has received from Rio Tinto Exploration a copy of a positive metallurgical test report on two samples from the Pampa de Pongo iron deposit. The object of the 1996 metallurgical study ("Study"), conducted by Met-Chem Canada Inc. on behalf of RTZ Mining & Exploration, was to investigate the feasibility of producing a pellet feed chemically suitable for Direct Reduction pellet manufacture and, if suitable, to evaluate the resulting pellets on a laboratory scale. The test results from the study indicated that the iron material from Pampa de Pongo is suitable for the production of Direct Reduction grade pellets. In order to provide independent verification of these positive results, Cardero has initiated testing of a larger sample of Pampa de Pongo mineralization.
Pellet Feed Production
Following investigation of conventional beneficiation techniques (screening, magnetic separation and flotation) it was demonstrated that the Pampa de Pongo mineralized material could be concentrated up to 66-69% iron through a simple Low Intensity Magnetic Separation (LIMS) process, with the remaining gangue (waste) material consisting of 2.5-3.0% magnesium oxide (MgO) and 0.5-1.5% sulphur (Figure 1). Concentrates were obtained through 3 passes in a magnetic separator and recoveries are described by Met-Chem as excellent. Concentrates showed a high magnetite content that normally results in low energy consumption in the firing process. Results are as follows:
Table 1: Initial Sample and Concentrate Chemical Composition
Sample 1 (4B/9B)
Sample 2 (4B/4B)
Head Grade
Concentrate
Head Grade
Concentrate
Fe %
56.2
69.0
53.0
66.7
SiO2 %
5.42
0.55
6.19
0.84
Al2O3 %
1.66
0.69
2.17
0.92
MgO %
8.00
2.60
9.62
2.89
S %
1.84
0.54
2.37
1.51
Fe3O4 %
64.3
82.5
61.0
80.2
Pelletizing Tests
Pellets produced from Sample 1 were of good quality and strength, meeting normal commercial specifications without further work. The pellets exhibited extremely low clustering indexes, which is highly desirable in the natural gas based Direct Reduction processes. Sample 1 contained a slightly higher than normal percentage of MgO but this did not affect the quality of the pellet produced. Additional slagging in the EAF (Electric Arc Furnace) can reduce the MgO content, however the high MgO content of the metalized pellet can be an advantage in the steelmaking process as most EAF refractory linings are MgO based, and the slag routinely needs to be conditioned to have 10~14% MgO so as to mitigate slag line refractory erosion.
Concentrate from Sample 2 contained higher MgO and higher sulphur content than Sample 1. The pellets produced from Sample 2 were weaker due to higher sulphur content in the concentrate. In this case, Met-Chem suggested that further test work, including a finer grind and more sophisticated flotation reagents, should further improve the concentrate chemistry. Requirements for further work are typical of early-stage metallurgical test work and Cardero is confident that elevated MgO contents can be addressed through process flowsheet optimization. The pellets exhibited extremely low clustering indexes, which is highly desirable in the Direct Reduction process. Samples 1 and 2 were mixed with 0.8% bentonite, pelletized and fired. The fired pellet chemical compositions were as follows:
Table 2: Fired Pellet Chemical Composition
Sample 1 (4B/9B)
Sample 2 (4B/4B)
Fe %
66.9
66.6
SiO2 %
0.81
1.22
Al2O3 %
0.74
0.95
MgO %
2.61
2.91
S %
<0.01
0.01
It was concluded that the strength and reduction properties (reducibility, linder and clustering) of the pellets are well within the acceptable range for typical commercial products. Additional processing steps would be required to reduce the sulphur content of sample 4B/4B.
Future Work
The metallurgical study reported here provides an important indication that Pampa de Pongo iron ore will be suitable for production of Direct Reduction grade pellets. The test work was conducted on small quantity of sample and Cardero has now initiated a follow-up study, which will test larger samples and independently verify the positive results presented here. It is believed that the final product can be further improved, resulting in even better pellets, by additional processing steps, such as regrinding of the concentrate prior to pelletizing.
Laboratory Details
The metallurgical testing was completed by Met-Chem Canada Inc. of Montreal, Quebec, Canada in 1996 on behalf of RTZ Mining and Exploration with the objective of determining whether quality direct reduction pellets could be produced from iron ore samples. Laboratory work was completed by CRM (Centre de Recherche Minerale) of Sainte-Foy, Quebec, Canada. Two samples were analysed weighing 36 and 38 kilograms, respectively.
"We are extremely pleased with the results of this metallurgical test work, which demonstrates the viability of producing Direct Reduction grade pellets from the Pampa de Pongo iron ores" stated Henk Van Alphen, Cardero's President & CEO. "We have known for some time that we have a world class deposit at Pampa de Pongo and now we have the first indications that a high value DR pellet can be produced, which adds considerable value to the asset."
Qualified Person
EurGeol Mr. Keith J. Henderson, Cardero's Vice President-Exploration and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for this news release. Mr. Henderson is not independent of the Company as he is an officer and shareholder.
About Cardero Resource Corp.
Cardero's focus through 2008 will be to realise the considerable value it believes is locked in the Company's significant iron ore assets, while continuing to progress its base and precious metal exploration projects in Argentina and Mexico. The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the American Stock Exchange (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.
On Behalf of the Board of Directors of
CARDERO RESOURCE CORP.
"Hendrik van Alphen" (signed)
Hendrik van Alphen, President
Natürlich sollten aufgrund dieser Testergebnisse keinerlei Rückschlüsse auf die weiterführenden Tests gezogen werden. Zwischen beiden besteht selbstverständlich kein naturwissenschaftlich erklärbarer Zusammenhang.
Geanausowenig wie zwischen der globalen Unterversorgung an Eisenerz und dem möglichen Interesse am Erwerb der größten unentwickelten Lagerstätte an der Westküste der Americas durch wen auch immer...
Tue Apr 22, 2008
Cardero Receives Positive Metallurgical Test Results for Pampa de Pongo Iron Ore Deposit Initiates Additional Metallurgical Testing NI 43-101 Resource of 953Mt @ 44.7% Iron and 0.12% Copper--------------------------------------------------------------------------------
Cardero Resource Corp. ("Cardero" or the "Company") -- (TSX: CDU, AMEX: CDY, Frankfurt: CR5) is pleased to announce it has received from Rio Tinto Exploration a copy of a positive metallurgical test report on two samples from the Pampa de Pongo iron deposit. The object of the 1996 metallurgical study ("Study"), conducted by Met-Chem Canada Inc. on behalf of RTZ Mining & Exploration, was to investigate the feasibility of producing a pellet feed chemically suitable for Direct Reduction pellet manufacture and, if suitable, to evaluate the resulting pellets on a laboratory scale. The test results from the study indicated that the iron material from Pampa de Pongo is suitable for the production of Direct Reduction grade pellets. In order to provide independent verification of these positive results, Cardero has initiated testing of a larger sample of Pampa de Pongo mineralization.
Pellet Feed Production
Following investigation of conventional beneficiation techniques (screening, magnetic separation and flotation) it was demonstrated that the Pampa de Pongo mineralized material could be concentrated up to 66-69% iron through a simple Low Intensity Magnetic Separation (LIMS) process, with the remaining gangue (waste) material consisting of 2.5-3.0% magnesium oxide (MgO) and 0.5-1.5% sulphur (Figure 1). Concentrates were obtained through 3 passes in a magnetic separator and recoveries are described by Met-Chem as excellent. Concentrates showed a high magnetite content that normally results in low energy consumption in the firing process. Results are as follows:
Table 1: Initial Sample and Concentrate Chemical Composition
Sample 1 (4B/9B)
Sample 2 (4B/4B)
Head Grade
Concentrate
Head Grade
Concentrate
Fe %
56.2
69.0
53.0
66.7
SiO2 %
5.42
0.55
6.19
0.84
Al2O3 %
1.66
0.69
2.17
0.92
MgO %
8.00
2.60
9.62
2.89
S %
1.84
0.54
2.37
1.51
Fe3O4 %
64.3
82.5
61.0
80.2
Pelletizing Tests
Pellets produced from Sample 1 were of good quality and strength, meeting normal commercial specifications without further work. The pellets exhibited extremely low clustering indexes, which is highly desirable in the natural gas based Direct Reduction processes. Sample 1 contained a slightly higher than normal percentage of MgO but this did not affect the quality of the pellet produced. Additional slagging in the EAF (Electric Arc Furnace) can reduce the MgO content, however the high MgO content of the metalized pellet can be an advantage in the steelmaking process as most EAF refractory linings are MgO based, and the slag routinely needs to be conditioned to have 10~14% MgO so as to mitigate slag line refractory erosion.
Concentrate from Sample 2 contained higher MgO and higher sulphur content than Sample 1. The pellets produced from Sample 2 were weaker due to higher sulphur content in the concentrate. In this case, Met-Chem suggested that further test work, including a finer grind and more sophisticated flotation reagents, should further improve the concentrate chemistry. Requirements for further work are typical of early-stage metallurgical test work and Cardero is confident that elevated MgO contents can be addressed through process flowsheet optimization. The pellets exhibited extremely low clustering indexes, which is highly desirable in the Direct Reduction process. Samples 1 and 2 were mixed with 0.8% bentonite, pelletized and fired. The fired pellet chemical compositions were as follows:
Table 2: Fired Pellet Chemical Composition
Sample 1 (4B/9B)
Sample 2 (4B/4B)
Fe %
66.9
66.6
SiO2 %
0.81
1.22
Al2O3 %
0.74
0.95
MgO %
2.61
2.91
S %
<0.01
0.01
It was concluded that the strength and reduction properties (reducibility, linder and clustering) of the pellets are well within the acceptable range for typical commercial products. Additional processing steps would be required to reduce the sulphur content of sample 4B/4B.
Future Work
The metallurgical study reported here provides an important indication that Pampa de Pongo iron ore will be suitable for production of Direct Reduction grade pellets. The test work was conducted on small quantity of sample and Cardero has now initiated a follow-up study, which will test larger samples and independently verify the positive results presented here. It is believed that the final product can be further improved, resulting in even better pellets, by additional processing steps, such as regrinding of the concentrate prior to pelletizing.
Laboratory Details
The metallurgical testing was completed by Met-Chem Canada Inc. of Montreal, Quebec, Canada in 1996 on behalf of RTZ Mining and Exploration with the objective of determining whether quality direct reduction pellets could be produced from iron ore samples. Laboratory work was completed by CRM (Centre de Recherche Minerale) of Sainte-Foy, Quebec, Canada. Two samples were analysed weighing 36 and 38 kilograms, respectively.
"We are extremely pleased with the results of this metallurgical test work, which demonstrates the viability of producing Direct Reduction grade pellets from the Pampa de Pongo iron ores" stated Henk Van Alphen, Cardero's President & CEO. "We have known for some time that we have a world class deposit at Pampa de Pongo and now we have the first indications that a high value DR pellet can be produced, which adds considerable value to the asset."
Qualified Person
EurGeol Mr. Keith J. Henderson, Cardero's Vice President-Exploration and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for this news release. Mr. Henderson is not independent of the Company as he is an officer and shareholder.
About Cardero Resource Corp.
Cardero's focus through 2008 will be to realise the considerable value it believes is locked in the Company's significant iron ore assets, while continuing to progress its base and precious metal exploration projects in Argentina and Mexico. The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the American Stock Exchange (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.
On Behalf of the Board of Directors of
CARDERO RESOURCE CORP.
"Hendrik van Alphen" (signed)
Hendrik van Alphen, President
Natürlich sollten aufgrund dieser Testergebnisse keinerlei Rückschlüsse auf die weiterführenden Tests gezogen werden. Zwischen beiden besteht selbstverständlich kein naturwissenschaftlich erklärbarer Zusammenhang.
Geanausowenig wie zwischen der globalen Unterversorgung an Eisenerz und dem möglichen Interesse am Erwerb der größten unentwickelten Lagerstätte an der Westküste der Americas durch wen auch immer...
CARDERO RESOURCE CORP.
Form 51-102F1
Management’s Discussion and Analysis
For six months ended April 30, 2008
INTRODUCTION
This Management Discussion and Analysis (“MD&A”) provides a detailed analysis of the business of
Cardero Resource Corp. (“Cardero” or the “Company”) and compares its financial results for six months
ended April 30, 2008 to the previous year’s same period. This MD&A should be read in conjunction with
the Company’s audited financial statements for the year ended October 31, 2007. The Company’s
reporting currency is the Canadian dollar and all amounts in this MD&A are expressed in Canadian
dollars. The Company reports its financial position, results of operations and cash-flows in accordance
with Canadian generally accepted accounting principles.
This MD&A contains certain statements which may constitute “forward-looking statements”. Forwardlooking
statements include but are not limited to, statements regarding future anticipated exploration
program results and the timing thereof, discovery and delineation of mineral resources/reserves, business
and financing plans, business trends and future operating revenues. Although the Company believes that
such statements are reasonable, it can give no assurance that such expectations will prove to be correct.
Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend,
estimate, postulate and similar expressions, or which by their nature refer to future events. The Company
cautions investors that any forward-looking statements by the Company are not guarantees of future
performance, and that actual results may differ materially from those in forward looking statements as a
result of various factors, including, but not limited to, the Company’s ability to identify one or more
economic deposits on its properties, to obtain all necessary permits, licenses and approvals required to
carry out work on its properties, to produce minerals from its properties successfully or profitably, to
continue its projected growth, to raise the necessary capital or to be fully able to implement its business
strategies.
Additional information relating to the Company can be located on the Company’s web site
www.cardero.com or on the SEDAR website at www.sedar.com.
DATE
This Management Discussion and Analysis reflects information available as at June 10, 2008.
THE BUSINESS OF THE COMPANY
Background
Cardero Resource Corp. is a junior resource mineral exploration company. Its assets consist of mineral
properties, common shares and warrants of other junior natural resource exploration companies and cash.
The Company funds its operations primarily through the sale of its equity securities. The mineral
exploration business is very high risk. Major risks applicable to the Company include:
1. The chance of finding an economic ore body is extremely small, and the vast majority of
exploration projects do not result in the discovery of commercially mineable deposits of ore.
2. The market for junior resource equities, where the Company raises funds, is extremely volatile.
Even though the Company believes that it has sufficient funds on hand to meet its current
requirements, there is no guarantee that it will be able to raise additional funds as it requires them.
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 2
3. The establishment of undisputed title to mineral properties is often a time consuming process and
even though the Company has diligently investigated title to all its mineral properties there is no
guarantee of title.
4. Currency fluctuations may affect the Company as its transactions are often conducted in US
dollars, Mexican and Argentinean pesos, and Peruvian Nuevo Soles.
5. The Company’s properties are located in Mexico, Argentina and Peru and will be affected by the
political stability and laws of those countries.
6. There is no guarantee that the Company can obtain the necessary governmental permits, consents,
approvals and licenses for its proposed operations as and when required.
7. Environmental concerns and the fluctuation of metal prices, both of which are beyond the
Company’s control, may significantly alter the economics of the exploitation of any mineral
deposits that it may discover or acquire.
(See “Risk Factors”)
Exploration Activities
Cardero is actively assessing, acquiring interests in and exploring a number of mineral exploration
properties, primarily those it considers to be prospective for gold, copper and iron. At the present time, it
is focusing its activities in Mexico, Argentina and Peru, where it has established subsidiaries and the
infrastructure to enable it to actively work in such countries. The Company, through its subsidiaries,
holds, or has the right to acquire interests in, a large number of properties in these countries. However, at
the present time it does not consider all of these to be material as, in many cases, the properties are in the
early stages of evaluation, or have not had sufficient work done on them by the Company to determine if
they are material. Cardero presently considers its material properties to be the Baja IOCG Project
(Mexico), the Iron Sands Project (Peru), the Pampa de Pongo Iron Project (Peru), the Huachi Copper
Porphyry (Argentina) and the Incahuasi SHV Project (Argentina).
Property
Total Costs as of
October 31, 2007
Total Costs to
April 30, 2008
Estimated Fiscal
2008 Expenditures(1)
Baja IOCG, Mexico $ 5,577,320 $ 6,703,202 $ 500,000
Iron Sands, Peru 4,223,535 4,900,487 2,000,000
Pampa de Pongo, Peru 2,683,199 3,059,964 3,000,000
Huachi, Argentina 1,603,539 1,613,210 50,000
Incahuasi, Argentina 1,328,010 1,503,050 500,000
Note: This amount represents the estimated exploration expenditures for 2007 fiscal year ending
October 31, 2007 only, and to April 30, 2008. Estimated expenditures are contingent upon
ongoing successful results justifying further expenditures.
During the six months ended April 30, 2008 and to June 10, 2008, the Company carried out the following
exploration activities:
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 3
Mexico
Baja IOCG
Anglo American Mexico S.A. de C.V. (“Anglo”) has completed transferring to the Company’s wholly
owned Mexican subsidiary, Minerales Y Metales California, S.A. de C.V., all of the concessions acquired
by Anglo on behalf of the joint venture (representing 13 exploration concessions covering approximately
50,112 hectares). Following this transfer, the Company proposes, based upon an analysis of the results to
date, to reduce the size of the overall property (which encompasses - including the concessions being
transferred by Anglo - 20 exploration and 5 exploitation concessions covering approximately 64,954
hectares) to concentrate the land holdings over the most promising areas of the overall Baja IOCG
Project. Due to the existence of the lawsuit by Western Telluric Resources Inc. and Minera Olympic,
S.A. de C.V. (see “Material Proceedings”), the Company did not carry out any work on the Baja IOCG
Project during 2007, nor was it able to find a joint venture partner.
However, the settlement of this lawsuit during Q4 2007 has enabled the Company to recommence its
search for potential joint venture partners. Confidentiality agreements have been signed with several
prospective partners. One property visit is in progress in early June and another is planned for July.
If the Company is unable to secure a joint venture partner, or if a deal outlining significant drill
expenditure cannot be finalised, the Company will, subject to financing, consider carrying out further
work on its own on the Baja IOCG Project in the fiscal year ending October 31, 2008. Such work would
include an initial 3,000m drill program to test priority targets at San Fernando and San Jose. In
preparation for possible drilling at San Fernando, the Company has retained an experienced structural
geologist to visit the property in early July. The purpose of the fieldwork will be to determine the main
controlling structures and to further refine priority drill targets.
Corrales Project
The Corrales project is located to the south of the Chihuahua state, 60km east from Parral, 28 km southsouthwest
from the city of Jiménez and 110 km south-southeast from Naica mine. Corrales is a grassroots
CRD exploration project with significant mineralization exposed at surface. The extent of surface
alteration and geochemical anomalism is comparable to major CRD deposits in the regions. The property
has been exploited on a small scale by informal miners, exposing mineralization in shallow surface pits.
The property has not seen any modern exploration of any kind.
Cardero exploration to date has defined a discreet multi-element (Zn, Pb, Ag, Cu, Mn) soil anomaly on
surface in a favourable structural setting. The project area comprises interbedded limestones and
dolostones of the Aurora Formation, which are intruded by late felsic dikes. The area has seen significant
alteration, including recrystalization, dolomitization, brown manganiferous calcite veins and stockwork,
mineralized quartz stockworks, late black-calcite dolomite alteration, and barren white calcite veinlets.
Mineralization has been observed at surface and is spatially related to brown manganiferous calcite
veining and to quartz veinlets. Mineralization consists in hemimorphite, galena, zinc-oxides and copper
oxides. In the quartz veinlets and in the felsic dikes there is also oxidized pyrite. The mapped altered and
mineralized zone at surface measures 100-300m wide by 1,100m in length, which is a very significant
surface footprint for a CRD prospect.
Cardero exploration to date has included 203 soil samples (100m x 50m samples) and 60 rock chip
samples. 8 trenches were excavated in covered areas, adjacent to mapped alteration and mineralization,
but failed to hit bedrock at 2.5m, being abandoned thereafter. Multi-element soil anomalies demonstrate
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 4
excellent coincidence with mapped alteration. Mean rock chip sample results, separated by sample type,
are summarized below. Limestone and brown calcite samples collected within the main area of alteration
are anomalous in Zn, Pb and Mn. Mineralized samples average approximately 6% Zn and 3% Pb, but
critically, they carry 3-6oz Ag.
Sample Type Samples Zn ppm Pb ppm Ag ppm Cu ppm Mn ppm
Limestone (<35% brown calcite veins) 18 2,866 1,592 3 149 2,134
Brown calcite 7 3,830 1,865 4 1,998 5,618
Mineralisation 7 5.77(%) 2.44(%) 104 3,408 4,787
Mineralisation Dump 3 6.60(%) 3.68(%) 216 6,152 4,927
Felsic Dyke 3 38 22 0 2 335
Barite 2 41 5 0 6 75
4 km southwest of mapping 4 266 252 3 50 859
Regional 12 12 4 0 2 1,290
To date the most important mineralized areas appear to be open in all directions. Surface soil sample
anomalies are open to the north and south. As expected in CRD deposits, alteration and mineralization is
demonstrably controlled by structures and lithological (permeability) control. Mineralization occurs as
tectonic fill breccias, replacement and veins/veinlets.
Cardero has completed negotiation with one individual and has a 5 year lease with an option to purchase a
100% interest in one mining concession covering a small scale barite extraction operation. Cardero also
holds a significant land position surrounding this concession through an 8,500 hectare exploration
concession.
In order to attract a partner, the Company has carried out reconnaissance mapping. As the Company is
presently seeking a joint venture partner for the property there are no plans to carry out further work in
2008.
Calera Project
Calera is located in the state of Chihuahua, Mexico, 160km west of Chihuahua City. Calera was first
discovered in 1652, with medium-scale mining beginning in 1903 and in 1906 it was the first producer of
zinc in Mexico.
The Calera property was mined following the discovery of the outcropping La Prieta chimney and later
from underground, with the discovery of a single manto dipping southwest from the chimney. Calera’s
historical production was greater than 650,000 tons with grade of 50-100 g/t Ag, 5-7% Pb and 10-25%
Zn. Concentrates graded 2kg/t Ag, 75% Pb and 55% Zn. The deposit was last mined between 1967 and
1983 using a small 60 tons/day metallurgical plant. However, mining ceased once the depth extents of
that system had been exhausted and no other exploration was undertaken from surface or underground.
The property has not seen any modern exploration drilling and with a demonstrably extensive alteration
system, the potential for further discoveries is considered high. Several targets are essentially drill-ready
with no further geochemistry or geophysics required.
Calera is a carbonate-hosted Zn-Pb-Ag project associated to dioritic dikes. It lies within an established
belt of Mexican CRD deposits, on the edge of the Chihuahua Trough, coincident with the Mojave-Sonora
Megashear – a fundamental crustal break. The main ore body was the La Prieta Chimney with outcrop of
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 5
40 x 50m, 260m long (210m vertical depth). The chimney contains massive sphalerite, galena (with
silver) and trace chalcopyrite.
During reconnaissance mapping, 50 rock channel and characterization samples were collected.
Four samples of massive sulphide were collected in remnants of massive sulfides ore pockets inside the
La Prieta Chimney, as follows:
Sample Ag g/t Pb % Zn % Cu ppm
717650 16 1.22 47.40 67
717651 378 21.60 37.70 18,800
717652 176 1.78 18.35 99
717653 64 10.85 12.90 38
Mean 158 8.86 29.10 n/a
Twenty samples of altered rock were taken, to characterise the geochemical signature over 70 x 350 m
area within outcrops of calc-silicates (actinolite, hedenbergite, garnet, epidote), brown calcite, oxide
manganese and hematitic jasper replacing limestones with moderate recrystallization, with the following
results:
20 Samples Ag g/t Pb ppm Zn ppm Cu ppm Mn ppm
Values: min-max 1 to 47 89 to 5,440 691 to 6,880 2 to 50 8,620 to 43,800
Mean 13 921 2,479 9 18,968
As these samples were intended to provide a fingerprint of altered samples, two samples, grading 3.18%
Zn and 1.63% Zn, were excluded from this set.
The Company is completing option agreements with three concession holders, securing rights to 425
hectares on five claims. Reconnaissance mapping and sampling has been completed and the Company is
seeking a joint venture partner to advance exploration on the property. No further work is planned until a
joint venture partner has been secured.
Argentina
Sediment Hosted Vein (SHV) Project
The SHV project is an exploration program, based on a specific geological model, targeting the
prospective 61,000 square kilometre Santa Victoria basin in north-western Argentina. The SHV Project
involves an ongoing reconnaissance program in the basin, accompanied by the acquisition of properties
believed to be prospective for this type of deposit. To date, the Company has acquired interests in, or the
right to acquire an interest in, 18 separate properties (1,028.60) square kilometres in total), of which one
has been dropped following further investigation. The remainder make up the properties currently
comprising the Company’s SHV Project. Additional properties may be acquired, and existing properties
may be abandoned or returned to their respective vendors, as reconnaissance and property evaluation is
ongoing. In addition to the ongoing reconnaissance program, work in the quarter was focussed on the
Incahuasi property.
Incahausi Gold Project
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 6
Incahuasi is located in the Province of Catamarca, Argentina. The property consists of seven minas and
two cateos (665 hectares) centered on the former Incahuasi gold mine, the most significant historical
high-grade Sediment Hosted Vein (SHV) type gold producer in the region.
During the quarter, the Company conducted a short drillhole program consisting of two drillholes for a
total of 174 m. Drillhole DDH-08-IH-06 was designed to test the depth extent of the main shear zone,
150m below surface. The drillhole intersected significant faulting from 67 to 103 m and was abandoned.
Drillhole DDH-08-IH-07 was designed to test the western vein group, a structure parallel to the main
shear zone. The drillhole intersected a zone of significant quartz veining from 1.72-13.90 m with visible
gold observed in core.
Results of analysis were received for the two drillholes, as well as results for various new analyses from
the geological drilling conducted in 2007. Highlights are as follows;
Drillhole From To Results
DDH-IH-07-01 132 134 2m @ 0.31 g/t Au
DDH-IH-07-03 66 68 2m @ 0.85 g/t Au
and 102.1 103.5 1.4m @ 0.58 g/t Au
DDH-IH-07-04 139 141 2m @ 0.53 g/t Au
DDH-IH-07-05 12.1 12.8 0.7m @ 0.63 g/t Au
DDH-IH-08-07 10.75 13.2 2.45m @ 2.84 g/t Au
including 1.65m @ 4.25 g/t Au
The Company continues to believe that the Incahuasi project area still has significant future potential as a
bulk-tonnage style target. Accordingly, the Company plans to drop its option to acquire the seven minas
over the historic Incahuasi Mine, but retain the two surrounding cateos (368 hectares) that are 100%
owned by the Company. However, no further work is planned on this property during 2008 as the
Company continues to focus its efforts on its Peruvian Iron Ore assets.
Newmont Exploration Alliance
The Alliance, which has been in effect since September 1, 2007, operates within the northern portion of
Cardero’s Sediment Hosted Vein (SHV) project area (“Alliance Area”), where Cardero holds twelve gold
bearing properties encompassing some 1,200 square kilometres as part of its SHV Gold targeting
initiative. The Alliance Area covers an area of approximately 36,000 square kilometres. Any properties
acquired by the Alliance will be held, initially, 50:50 by Cardero and Newmont, subject to dilution for
failure to contribute to ongoing exploration.
Newmont will not, by virtue of its participation in the Alliance, earn any interest in any existing Cardero
properties in the Alliance Area. However, it will have the right to elect to earn an interest in certain
Cardero properties through separate option agreements. Existing Cardero properties located within the
Alliance area have been designated as either Option Properties or Excluded Properties. Cardero has
excluded four properties from the Alliance (Organullo, Piriquitas, Chingolo/Providencia and La
Poma/Concordia). All other Cardero properties within the Alliance Area have been designated as Option
Properties. Newmont has the right to elect to enter into an option to acquire an interest in any (or all) of
the Option Properties at any time during the term of the Alliance upon prescribed terms.
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 7
Work Completed to Date
Sampling, using Newmont’s proprietary Bulk Leach Extractable Gold (BLEG) methodology, began in
mid-September 2007. Sampling has been continuous since that time, with 3 or 4 dedicated BLEG
sampling teams employed at all times. To date, 1,117 samples have been collected, screening an area of
approximately 5,000 square kilometres. Newmont completed interpretation of Aster satellite imagery of
the Alliance Area in October 2007 and this interpretation helped prioritise areas for BLEG sampling.
Future Work
Partial analytical results from the BLEG sampling campaign have been returned and interpretation of
these results in progress by the Company in conjunction with Newmont geologists and geochemists.
Targets identified will be prioritised for field follow-up. This work will ideally place the Alliance to
rapidly advance identified targets.
Terms of the Exploration Alliance Agreement
Expenditures under the Exploration Alliance Agreement will take place over 3 separate phases:
Phase I – Newmont and Cardero will jointly fund USD 1,500,000 in exploration expenditures within the
Alliance Area on or before September 1, 2010.
Phase II – If the parties elect to continue after Phase I, then Cardero will be responsible for incurring an
additional USD 1,500,000 in Phase II expenditures in the Alliance Area. The funding for such
expenditures will come from a private placement by Newmont in Cardero in that amount (at a price per
unit equal to the 30 trading day closing average price of Cardero’s common shares at that time).
Phase III – If the parties elect to continue after Phase II, then Cardero will be responsible for funding an
additional USD 1,500,000 in Phase III expenditures in the Alliance Area. The funding for such
expenditures will come from the exercise by Newmont of the warrants received in the Phase II private
placement (which will have an exercise price of 150% of the unit subscription price in Phase II).
Cardero is the manager of the Alliance, and is entitled to charge a 10% management fee. Any properties
acquired by the Alliance will be held, initially, 50:50 by Cardero and Newmont, subject to dilution for
failure by a party to contribute its pro rata share of ongoing expenditures. Upon the unanimous decision
of the management committee, or at the election of either party upon the Alliance having spent USD
100,000 on that specific Alliance acquired property, any Alliance acquired property can be made the
subject of a separate joint venture (at which point Newmont may elect to become the manager of such
specific project joint venture). Following designation of an Alliance property as a specific project joint
venture, expenditures will be jointly funded until the completion of 10,000 metres of drilling, at which
time the party that is acting as manager may elect to earn an additional 12% by solely funding all
expenditures necessary to complete a positive feasibility study identifying reserves on the property. If the
manager exercises such option, it will have the further option to earn an additional 13% (overall 75%
interest) by solely funding the expenditures necessary to reach the commencement of commercial
production. If the manager exercises this second option it will recover the non-manager’s share of such
costs, with interest, from 90% of the non-manager’s share of distributions from the project.
If a participant is diluted to a 10% or lesser interest, that interest will be converted into a 1% net smelter
return royalty.
To date, the Alliance has incurred approximately USD 466,000 in expenditures.
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 8
Terms of Option Property Earn-In Agreement(s)
Newmont has the right to elect to enter into an option agreement to acquire an initial 50% interest in any
Cardero Option Property. Under such agreement, Newmont can earn an initial 50% interest in the Option
Property by either spending USD 500,000 (plus any additional monies spent by Cardero on that Option
Property since September 2007) or by completing a drilling program of 2,500 metres (or 2,500 metres
plus one additional metre for each USD 200 spent by Cardero on that Option Property since September
2007), whichever is sooner. Upon Newmont having earned its initial interest, the parties will commence
joint funding and, upon the completion of 10,000 metres of drilling, the manager will have the same
options to earn an aggregate 25% additional interest as in the Alliance specific project scenario above.
La Poma Silver-Lead Epithermal Project
The La Poma property lies within the Alliance area (see above) but is an Excluded Property and has been
advanced by the Company on its own. The property consists of 6 minas (exploitation concessions),
covering approximately 3,752 hectares, including the former La Poma Silver-Lead Mine. The property is
located 24 kilometres from the town of San Antonio De Los Cobres and less than three hours drive from
Salta.
Historically the La Poma Mine was exploited during the early 20th century up until 1964. The mine was
worked over a 2,000 metre strike length by both open pit and underground methods, with up to 1,100
metres of underground development.
To date, Cardero has completed due diligence sampling, reconnaissance mapping, an Induced Polarisation
survey, and detailed mapping is in progress to generate drill targets. A total of 12 lines (13,000 metres) of
IP were completed during Q4 2007 in order to determine whether the known productive structures
continue to depth in addition to along strike under younger cover. Interpretation of the data has identified
6 new high priority targets, none of which are exposed at surface and none of which have been drill
tested.
In total, the Company has now collected 54 surface rock samples, with silver values ranging from 0.4 g/t
to 1370 g/t, lead ranging from below detection to 15.45%, and copper ranging from below detection to
2.47%. Mean values from all 54 rock samples to date is 250 g/t silver, 5.73% lead, and 0.32% copper.
In late February 2008, the Company completed further detailed surface mapping and a short drilling
program to demonstrate the depth-continuity of mineralization mapped at surface. The drillhole program
consisted of two drillholes for a total of 335 metres.
Drillhole DDH-08-LP-01 was designed to test the depth extent of the main western workings. The
drillhole intersected the mineralized fault at approximately 160 metres below surface, proving a vertical
thickness of at least 160 metres. The drillhole intersected 33 metres of anomalous mineralization
comprised of carbonate veins with galena, sphalerite, chalcopyrite, chalcosite and possible sulfosalts,
indicating that the mineralized zone, which is 6 metres thick at surface, is significantly thicker at depth.
Drillhole DDH-08-LP-02 was designed to test thickness and grade at shallow depths beneath the eastern
workings. The drillhole intersected a 5 metre fault zone, 25 metres below the surface workings, grading
8.75 oz/t silver equivalent over 4 metres, within which 2 metres returned 17.03 oz/t silver equivalent.
Drill intersection highlights are as follows:
500m
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 9
Drillhole From To Results
DDH-LP-08-02 32 36 4 m @ 113.5 ppm Ag, 4.9% Pb
including 32 34 2 m @ 208.1 ppm Ag, 9.3% Pb
DDH-LP-08-01 204 217 13 m @ 0.12% Pb
Results indicate that the intersection in drillhole LP-08-01 is lower grade than that in drillhole LP-08-02,
but they demonstrate a thicker mineralized section at approximately 160 metres below surface and only
further drilling will determine the extent of high grade mineralization at these depth extents.
The drilling demonstrates that surface mineralization, extending over more than 2,000 m strike length,
can be used as an indicator real potential at depth. Mineralization has been tested at only two structural
levels and remains open, even beyond the known surface exposures. The six untested IP anomalies on the
property remain untested and the potential for discovery of additional sub-parallel mineralized structures
requires further drill testing.
The Company believes that the project has significant future potential but no further work is planned
during 2008 as the Company continues to focus on its Peruvian Iron Ore assets. The project is currently
at an advanced stage of exploration, with mapping, sampling, geophysics and two drillholes complete. In
order to progress drill testing to the next stage, the Company is seeking a silver-focussed joint venture
partner who can commit to drill testing of the numerous high priority targets which are drill ready.
Mina Pirquitas Silver Project
The Company’s Mina Pirquitas Project is located close to the village of Mina Pirquitas and approximately
108 kilometres by road from the town of Abra Pampa, in Juyuy Province, northwest Argentina. The
project consists of one exploration concession (4,382 hectares) staked by the Company in 2004. Work by
the Company identified two targets in the area based on regional structural targeting using satellite
imagery, regional geophysical images and published geological maps. The targets are based on northtrending
antiformal fold hinges intersected by a northwest-trending fault zone. To date, the Company has
not conducted any exploration on the property. The Company’s property partially surrounds the Pirquitas
Project of Silver Standard Resources Inc.
A private company based in Australia (“optionee”) has agreed to terms whereby the optionee may earn an
interest in the Mina Pirquitas project. The agreement provides that the optionee may earn a 55% interest
by incurring exploration expenditures of USD 1,000,000 over 4 years, of which USD 50,000 must be
incurred in the first year. Following the optionee having earned its interest, the parties will enter into a
joint venture, and thereafter each party is required to contribute its proportional share of further
expenditures or be diluted on a straight-line basis. The agreement is subject to the execution of formal
documentation and an initial draft of the agreement is currently being reviewed by the Company.
Huachi Project
The Huachi copper-gold property is located in San Juan Province in north-western Argentina. The
property has good access and exploration can be carried out on a year-round basis. Mapping by the
Company indicates that copper-gold mineralization is part of a large and well developed porphyry style
hydrothermal system.
The Company will not be undertaking any further exploration at Huachi and is currently seeking a joint
venture partner to advance the Huachi project. Terms of the proposed JV will include significant drilling
commitments to ensure that the targets are adequately tested in the upcoming field season. Several
companies have signed confidentiality agreements and have received data for internal review. However
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 10
no negotiations have yet been commenced with, nor have any proposals been received from, potential
partners.
Los Manantiales Project (formerly “Mina Angela”)
In March 2007, Cardero entered into a letter of intent with Hochschild Mining Holdings Limited
(“HMHL”), a subsidiary of Hochschild Mining plc., pursuant to which it has granted HMHL the option to
earn up to a 70% interest in the Los Manantiales Gold property, located in Chubut Province, Argentina.
HMHL is the operator of the project while it is completing its earn-in, and is responsible for formulating
and implementing all work programs at the property. As project operator, HMHL has advised the
Company that it will commence an exploration program at the property in Q2 2008, contingent on receipt
of work permits.
Peru
Pampa De Pongo
The Company exercised the option and acquired the property on 27 January 2008, making the final
payment of USD$300,000. Transfer of title from Rio Tinto to Cardero is in progress.
SRK Consulting Engineers and Scientists (“SRK”) has been retained to complete a mine scoping study,
which commenced in February, 2008 with two site visits, and is currently scheduled to be completed in
late July 2008. The scoping study will focus on determining the likely mining methods and will include
an initial caveability and fragmentation assessment of the central orebody. Overburden characteristics,
hydrogeology and major structural features will all be reviewed. The scoping study will also determine
the range of potential mining costs, which should permit the development of a financial model for the
deposit. In the main Central Zone, the top of the high-grade semi-massive magnetite resource is typically
350 metres below surface, with intersections up to 302 metres @ 51.6% iron and 0.10% copper. The
Company believes that this portion of the resource may be suitable for an underground cave mining
operation. The overlying zone includes shallow intersections of up to 347 metres @ 22.5% iron. The
scoping study will investigate the possibility of extracting this material from surface by open-pit methods.
This mineralisation has not been included in the current inferred resource and, if the extraction of this
material appears viable, the scoping study will include an updated Pampa de Pongo Inferred Resource
including this material. To date, SRK has been on site and reviewed the drillcore. The scoping study is
scheduled to be completed in Q3 2008.
The Company has initiated a concurrent pre-feasibility study, which will include a 30,000 metre
definition drill program at Pampa de Pongo, which is designed to upgrade the NI 43-101 Inferred
Resource to a combination of Indicated and Measured Resource status. SRK will design and oversee
programs for the collection of geotechnical and geological data from drill core during the planned drill
program, which is expected to commence when a drill rig is available.
The Company initiated and completed a comprehensive ground magnetic study during March 2008. The
data has been interpreted and modeled by Quantec Geophysics. The survey identified a large 3D
magnetic body, southeast of the central zone. The new magnetic anomaly has previously been tested by
drillhole PPD-004, which intersected which intersected 282 metres @ 31.3% iron, including 191 metres
of massive magnetite, where composite grades range from 43.57% to 48.52% iron. This considerably
decreases the technical risk and increases confidence that the high priority anomaly represents a
significant body of massive magnetite mineralization. Previous drilling of 3D geophysical models in
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 11
2004 resulted in an excellent correlation between the dimensions of the model and ore-grade
mineralization.
Cardero has received a drill permit for 20 drillholes at the Pampa de Pongo project. The proposed drill
program is planned to assess the considerable exploration potential of the project, in addition to resource
definition drilling for the current mining prefeasibility study. In tandem with this, the Company is also
initiating a significant environmental monitoring program to ensure a smooth transition to the next phase
of drill permitting.
Cardero is moving quickly to complete commercial-scale metallurgical test work for inclusion in the
Mine Scoping Study. Previous metallurgical test work completed by Met Chem (on behalf of Rio Tinto
Exploration and Mining, was completed at bench-scale and demonstrated the viability of producing a high
grade (66.6% to 66.9% Fe) pellet. Cardero’s study will significantly expand the scope of the Met Chem
work and use a larger 560kg sample to determine the feasibility of producing a premium Direct Reduction
Iron (DRI) grade pellet on a commercial scale. Based on the previous test work the Company is highly
confident that the results will be positive.
Metallurgical testing will further assess beneficiation of ore material, including optimum grinding prior to
Low Intensity Magnetic Separation. The upgraded concentrate will undergo agglomeration testing in
preparation for induration (strength testing) to produce Blast Furnace grade pellets. Finally, the pellets
will be subjected to an independent raw material evaluation, which will determine the viability of
producing a premium DRI grade pellet product on a commercial scale. Inclusion of positive, commercialscale
metallurgical work into the Mine Scoping Study will add significant value to the Pampa de Pongo
project. With guidance from SRK Consulting Engineers and Scientists (SRK), the Company is confident
that the sample will be representative of overall deposit chemistry, providing high metallurgical
confidence for the project moving forward.
A 560kg sample has been delivered to Natural Resources Research Institute (NRRI), Minnesota, one of
the world’s leading Iron Ore metallurgical testing facilities. NRRI were selected because of their
previous experience pelletizing similar iron ore from the Marcona Mine, located approximately 35km to
the northwest. Details of the metallurgical testing were previously outlined in news release 08-13. Full
test results should be available in July.
Iron Sands Project
The Iron Sands project comprises 23 mining concessions which total 17,400 hectares. A further 32
concessions, totalling 27,100 hectares, which previously formed part of the project, were abandoned
during the previous quarter. The Iron Sands Project consists of three separate groups of claims, each
covering a different dune field, and known (from north to south) as the Carbonera, Pampa El Torro and
Tanaca Dune fields. The Iron Sands Project is located near the city of Nazca in the desert coastal region
of southern Peru approximately 45 kilometres northeast of the port of San Juan and close to the large
Marcona iron mine (approximate resource of 1.4Bt @ 54% iron), and to Cardero’s Pampa de Pongo iron
deposit.
During the quarter, the Company completed installation and commissioning of the pilot plant. A 40-
tonne magnetic concentrate was subsequently processed ahead of schedule. Pilot-plant throughput was
increased from 2.8 tonnes per hour during commissioning to 18 tonnes per hour during concentrate
production, resulting in significant time saving and an interpreted increase in magnetic concentrate grade
to 52-55% Fe (unconfirmed grades based on handheld XRF measurements). The concentrate will now be
shipped to the National Energy Testing Laboratory (NETL), a testing facility in the US, for extensive
commercial-scale melting tests aimed at producing a premium-quality pig iron product (96-98% Fe, 2-4%
C, <0.05% deleterious elements), along with a vanadia and titania enriched slag. Previous bench-scale
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 12
testing of samples from the Iron Sands project has successfully produced high-grade pig iron on three
separate occasions and Cardero is therefore very confident about demonstrating viability at the industrial
level.
In tandem with the above work, SRK have been retained to complete the 43-101 compliant resource
estimate for the Pampa El Toro Iron Sands Project. As part of this study, a consultant from SRK
Johannesburg is currently on site and the final report is scheduled to be completed during the third quarter
of 2008.
Amable Maria Project
No work was carried out on the Amable Maria project during the quarter. The Company is currently
looking for a joint venture partner to advance this uranium project.
Qualified Person(s) and Quality Control/Quality Assurance
EurGeol Keith Henderson, Cardero’s Vice President-Exploration and a qualified person as defined by
National Instrument 43-101, has supervised the preparation of the scientific and technical information that
forms the basis for the mineral property disclosure in this MD&A.
The work programs on the Company’s properties are designed and are supervised by Keith Henderson,
Vice President, Exploration, of Cardero, either alone or in conjunction with independent consultants. Mr.
Henderson and such consultants, as applicable, are responsible for all aspects of the work, including the
quality control/quality assurance program. On-site personnel at the various project rigorously collect and
track samples which are then sealed and shipped to ALS Chemex for assay. ALS Chemex's quality
system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:
1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference
material and replicate samples. Quality control is further assured by the use of international and in-house
standards. Blind certified reference material is inserted at regular intervals into the sample sequence by
Cardero personnel in order to independently assess analytical accuracy. Finally, representative blind
duplicate samples are forwarded to ALS Chemex and an ISO compliant third party laboratory for
additional quality control.
Risk Factors
The Company is in the business of acquiring, exploring and, if warranted, developing and exploiting
natural resource properties, initially in Mexico, Argentina and Peru. Due to the nature of the Company’s
proposed business and the present stage of exploration of its mineral properties (which are primarily early
to advanced stage exploration properties with no known resources or reserves), the following risk factors,
among others, will apply:
Mining Industry is Intensely Competitive: The Company’s business is the acquisition, exploration and
development of mineral properties. The mining industry is intensely competitive and the Company will
compete with other companies that have far greater resources.
Resource Exploration and Development is Generally a Speculative Business: Resource exploration and
development is a speculative business and involves a high degree of risk, including, among other things,
unprofitable efforts resulting not only from the failure to discover mineral deposits but from finding
mineral deposits which, though present, are insufficient in size to return a profit from production. The
marketability of natural resources that may be acquired or discovered by the Company will be affected by
numerous factors beyond the control of the Company. These factors include market fluctuations, the
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 13
proximity and capacity of natural resource markets, government regulations, including regulations
relating to prices, taxes, royalties, land use, importing and exporting of minerals and environmental
protection. The exact effect of these factors cannot be accurately predicted, but the combination of these
factors may result in the Company not receiving an adequate return on invested capital. The vast majority
of exploration projects do not result in the discovery of commercially mineable deposits of ore.
Fluctuation of Metal Prices: Even if commercial quantities of mineral deposits are discovered by the
Company, there is no guarantee that a profitable market will exist for the sale of the metals produced.
Factors beyond the control of the Company may affect the marketability of any substances discovered.
The prices of various metals have experienced significant movement over short periods of time, and are
affected by numerous factors beyond the control of the Company, including international economic and
political trends, expectations of inflation, currency exchange fluctuations, interest rates and global or
regional consumption patterns, speculative activities and increased production due to improved mining
and production methods. The supply of and demand for metals are affected by various factors, including
political events, economic conditions and production costs in major producing regions. There can be no
assurance that the price of any commodities will be such that any of the properties in which the Company
has, or has the right to acquire, an interest may be mined at a profit.
Permits and Licenses: The operations of the Company will require consents, approvals, licenses and/or
permits from various governmental authorities. There can be no assurance that the Company will be able
to obtain all necessary consents, approvals, licenses and permits that may be required to carry out
exploration, development and mining operations at its projects.
No Assurance of Profitability: The Company has no history of earnings and, due to the nature of its
business, there can be no assurance that the Company will ever be profitable. The Company has not paid
dividends on its shares since incorporation and does not anticipate doing so in the foreseeable future. The
only present source of funds available to the Company is from the sale of its common shares or, possibly,
from the sale or optioning of a portion of its interest in its mineral properties. Even if the results of
exploration are encouraging, the Company may not have sufficient funds to conduct the further
exploration that may be necessary to determine whether or not a commercially mineable deposit exists.
While the Company may generate additional working capital through further equity offerings or through
the sale or possible syndication of its properties, there can be no assurance that any such funds will be
available on favourable terms, or at all. At present, it is impossible to determine what amounts of
additional funds, if any, may be required. Failure to raise such additional capital could put the continued
viability of the Company at risk.
Uninsured or Uninsurable Risks: The Company may become subject to liability for pollution or hazards
against which it cannot insure or against which it may elect not to insure where premium costs are
disproportionate to the Company’s perception of the relevant risks. The payment of such insurance
premiums and of such liabilities would reduce the funds available for exploration and production
activities.
Government Regulation: Any exploration, development or mining operations carried on by the
Company will be subject to government legislation, policies and controls relating to prospecting,
development, production, environmental protection, mining taxes and labour standards. In addition, the
profitability of any mining prospect is affected by the market for precious and/or base metals which is
influenced by many factors including changing production costs, the supply and demand for metals, the
rate of inflation, the inventory of metal producing corporations, the political environment and changes in
international investment patterns.
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 14
Environmental Matters: Existing and possible future environmental legislation, regulations and actions
could cause significant expense, capital expenditures, restrictions and delays in the activities of the
Company, the extent of which cannot be predicted and which may well be beyond the capacity of the
Company to fund. The Company’s right to exploit any mining properties is and will continue to be
subject to various reporting requirements and to obtaining certain government approvals and there can be
no assurance that such approvals, including environment approvals, will be obtained without inordinate
delay or at all.
Insufficient Financial Resources: The Company does not presently have sufficient financial resources
to undertake by itself the exploration and development of all of its planned exploration and development
programs. The development of the Company’s properties will therefore depend upon the Company’s
ability to obtain financing through the joint venturing of projects, private placement financing, public
financing or other means. There can be no assurance that the Company will be successful in obtaining the
required financing. Failure to raise the required funds could result in the Company losing, or being
required to dispose of, its interest in its properties. In particular, failure by the Company to raise the
funding necessary to maintain in good standing the various option agreements it has entered into could
result in the loss of the rights of the Company to such properties.
Foreign Counties and Regulatory Requirements: All of the mineral properties held by the Company are
located in Mexico, Argentina or Peru, where mineral exploration and mining activities may be affected in
varying degrees by political instability, expropriation of property and changes in government regulations
such as tax laws, business laws, environmental laws and mining laws, affecting the Company’s business
in that country. Any changes in regulations or shifts in political conditions are beyond the control of the
Company and may adversely affect its business, or if significant enough, may make it impossible to
continue to operate in the country. Operations may be affected in varying degrees by government
regulations with respect to restrictions on production, price controls, foreign exchange restrictions, export
controls, income taxes, expropriation of property, environmental legislation and mine safety.
Dependence Upon Others and Key Personnel: The success of the Company’s operations will depend
upon numerous factors, many of which are beyond the Company’s control, including (i) the ability to
design and carry out appropriate exploration programs on its mineral properties; (ii) the ability to produce
minerals from any mineral deposits that may be located; (iii) the ability to attract and retain additional key
personnel in exploration, marketing, mine development and finance; and (iv) the ability and the operating
resources to develop and maintain the properties held by the Company. These and other factors will
require the use of outside suppliers as well as the talents and efforts of the Company and its consultants
and employees. There can be no assurance of success with any or all of these factors on which the
Company’s operations will depend, or that the Company will be successful in finding and retaining the
necessary employees, personnel and/or consultants in order to be able to successfully carry out such
activities. This is especially true as the competition for qualified geological, technical and mining
personnel and consultants is particularly intense in the current marketplace.
Currency Fluctuations: The Company presently maintains its accounts in Canadian dollars. Due to the
nature of its operations in such countries, the Company also maintains accounts in U.S. dollars, Mexican
and Argentine pesos and Peruvian nuevo soles. The Company’s operations in Mexico, Argentina and
Peru and its proposed payment commitments and exploration expenditures under many of the agreements
pursuant to which it holds, or has a right to acquire, an interest in its mineral properties are denominated
in U.S. dollars, making it subject to foreign currency fluctuations. Such fluctuations are out of its control
and may materially adversely affect the Company’s financial position and results.
Price Fluctuations and Share Price Volatility: In recent years, the securities markets in the United
States and Canada have experienced a high level of price and volume volatility, and the market price of
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 15
securities of many companies, particularly those considered exploration stage companies, have
experienced wide fluctuations in price which have not necessarily been related to the operating
performance, underlying asset values or prospects of such companies. There can be no assurance that
continual and extreme fluctuations in price will not occur.
Surface Rights and Access: Although the Company acquires the rights to some or all of the minerals in
the ground subject to the tenures that it acquires, or has a right to acquire, in most cases it does not
thereby acquire any rights to, or ownership of, the surface to the areas covered by its mineral tenures. In
such cases, applicable mining laws usually provide for rights of access to the surface for the purpose of
carrying on mining activities, however, the enforcement of such rights can be costly and time consuming.
In areas where there are no existing surface rights holders, this does not usually cause a problem, as there
are no impediments to surface access. However, in areas where there are local populations or land
owners, it is necessary, as a practical matter, to negotiate surface access. There can be no guarantee that,
despite having the right at law to access the surface and carry on mining activities, the Company will be
able to negotiate a satisfactory agreement with any such existing landowners/occupiers for such access,
and therefore it may be unable to carry out mining activities. In addition, in circumstances where such
access is denied, or no agreement can be reached, the Company may need to rely on the assistance of
local officials or the courts in such jurisdiction
Title: Although the Company has taken steps to verify the title to the mineral properties in which it has or
has a right to acquire an interest in accordance with industry standards for the current stage of exploration
of such properties, these procedures do not guarantee title (whether of the Company or of any underlying
vendor(s) from whom the Company may be acquiring its interest). Title to mineral properties may be
subject to unregistered prior agreements or transfers, and may also be affected by undetected defects or
the rights of indigenous peoples.
Investments
During the six months ended April 30, 2008, the Company sold 45,700 shares of ITH of gross proceeds of
$92,557. The Company held 2,954,300 common shares of ITH and common share purchase warrants to
purchase an additional 2,000,000 common shares at a price of $1.00 until August 4, 2008. Following the
completion by ITH of a significant private placement in April 2007, the Company holds approximately
7.4% of ITH as of April 30, 2008.
On April 24, 2007, the Company acquired 1,000,000 shares of Trevali Resources Corp. (“Trevali”), a
former related party, at a gross cost of $100,000. As there was no quoted market value for the shares of
Trevali as at October 31, 2007, the Company considers its cost to be a reasonable estimate of fair value as
of that date. Trevali commenced trading on the CNQ effective December 21, 2007. At April 30, 2008, the
quoted market value of the Trevali common shares was $1.86, or a total market value for the Company’s
shares of $1,860,000. Fair value adjustments for the six months ended April 30, 2008 amounted to
unrealized gains of $1,760,000 recorded as comprehensive income. The Company held 3.2% of the
Trevali issued and outstanding common shares as of April 30, 2008.
SUMMARY OF QUARTERLY RESULTS
The table below sets out the quarterly results expressed in Canadian dollars, for the fiscal years 2006,
2007 and 2008:
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 16
Fiscal 2008
First Quarter Second Quarter Third Quarter Fourth Quarter
Total revenue $ 3,593 $ 17,427
Gain on sale of investment - 66,963
Net income (loss) (1,788,629) (3,834,843)
Net loss per share (0.04) (0.07)
Comprehensive income (loss) (1,058,629) (7,285,919)
Fiscal 2007
First Quarter Second Quarter Third Quarter Fourth Quarter
Total revenue $ 82,190 $88,649 $ 59,079 $ 1,104
Gain on sale of investment 1,818,236 - - -
Net income (loss) 6,903 (2,001,964) (1,479,139) (5,667,290)
Net income per share 0.00 (0.04) (0.03) (0.13)
Comprehensive income (loss) (303,097) (1,001,964) (329,139) (8,827,290)
Fiscal 2006
First Quarter Second Quarter Third Quarter Fourth Quarter
Total revenue $ 93,787 103,878 102,400 51,313
Net loss (951,779) (1,113,123) (3,530,664) (2,594,576)
Net loss per share (0.02) (0.03) (0.08) (0.06)
Notes: 1) There were no discontinued operations or extraordinary items in the periods under review.
2) The basic and diluted losses per share were the same in each of the periods.
The variation seen over such quarters is primarily dependent upon the success of the Company’s ongoing
property evaluation and acquisition program and the timing and results of the Company’s exploration
activities on its current properties, none of which are possible to predict with any accuracy.
RESULTS OF OPERATIONS
During the six months ended April 30, 2008, the Company had a net loss of $5,623,472 or $0.11 per share
as compared to a net loss of $1,035,061 or $0.02 per share for 2007 (restated). The following discussion
explains the variations in the key components of these numbers but, as with most junior mineral
exploration companies, the results of operations are not the main factor in establishing the financial health
of the Company. Of far greater significance are the mineral properties in which the Company has, or may
earn, an interest, its working capital and how many shares it has outstanding. Quarterly results can vary
significantly depending on whether the Company has abandoned any properties or granted any stock
options.
Six months ended April 30
2008 2007
(restated)
Net loss $ 5,623,472 $ 1,035,061
Interest income 21,020 170,839
General and administrative costs 2,862,745 3,895,114
Stock-based compensation component 311,524 1,018,236
Write-down of resource properties 683,365 52,958
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 17
Six months ended April 30, 2008 compared to six months ended April 30, 2007
In the six months ended April 30, 2008 the Company had a net loss of $5,623,472 or $0.11 per share as
compared to a net loss of $1,035,061 or $0.02 per share for the six months ended April 30, 2007. During
the previous year’s period, the Company had a realized gain of $1,818,236 on the sale of 1,000,000 shares
of International Tower Hill Mines Ltd. (“ITH”) and an unrealized gain of $960,000 due to the fair value
adjustments of the ITH warrants which are considered to be a derivative financial instrument. In the
current period, the Company sold 45,700 shares of ITH, realizing a gain of $66,963 and an unrealized loss
of $2,260,000 due to the fair value adjustments on the ITH warrants. Property write-offs increased to
$683,365 (one property in Argentina) compared to write-offs in the same period in 2007 of $52,958. The
following discussion explains the variations in the key components of these numbers.
The Company’s general and administrative costs totalled $2,862,745 compared to $3,895,114 in 2007.
The major expense categories involved in this decrease are the salaries (2008 - $708,337; 2007 -
$1,422,749), property investigation (2008 - $282,133; 2007 - $643,170) due to less exploration activities,
regulatory and transfer agent fee (2008 - $88,079, 2007 - $148,024) and consulting fees (2008 - $343,078,
2007 - $380,269). This total decrease is offset by the increased expenses for investor relations (2008 -
$555,117, 2007- $420,216). Subsidiary administrative costs amounted to $643,477 (2007 - $697,372),
which decreased slightly due to lesser exploration activity and costs containment measures. (Also refer to
the stock-based compensation component of the related expense categories below.)
The Company’s interest income of $21,020 (2007 - $170,839) reflects lower average cash balances. The
foreign exchange gain (loss) of $94,655 (2007 - $(36,064)) arose principally as a result of strengthening
in the Argentine and Peruvian currencies compared to the Canadian dollar.
Stock-based compensation has been included in the following expense categories:
2008 2007
Salary $ 124,610 $ 742,156
Consulting - 178,144
Investor relations 186,914 98,393
Share issue costs 320,633 121,080
$ 632,157 $ 1,139,773
All other administrative expenses have risen due to the general increase in the level of activity of the
Company and increased expenses at its Latin American subsidiaries.
Three months ended April 30, 2008 compared to three months ended April 30, 2007
For the three months ended April 30, 2008, the Company incurred net losses of $3,834,843 as compared
to net losses of $1,601,964 for the period ending April 30, 2007. The explanations above relating to the
six month period to April 30, 2008 also apply to the comparative analysis relating to the three months
period ended April 30, 2007.
LIQUIDITY AND CAPITAL RESOURCES
The Company has no revenue generating operations from which it can internally generate funds. It relies
on either the sale of its own shares as needed, or the sale or option of its mineral properties. This situation
is unlikely to change until such time as the Company can develop a bankable feasibility study on one of
its projects.
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 18
When optioning properties the Company will sometimes issue its own stock to the vendor of the property
as partial or full consideration for the property in order to conserve its cash.
On February 29, 2008, the Company closed a brokered private placement of 5,150,000 units and a nonbrokered
private placement of 2,351,000 units. In each placement, the units were sold at $1.10 per unit,
and each unit consisted of one common share and one-half of a warrant, and with one whole warrant
being exercisable to purchase an additional common share at a price of $1.50 for a period of 24 months.
The net proceeds from the private placements totalled $7,388,413. The Company paid a cash commission
of $735,088 and issued 50,000 units valued at $1.10 per unit to the agent, together with legal costs of
$127,601. The Company also issued agent’s warrants in the brokered financing and 235,100 finder’s
warrants in the non-brokered financing. Each of such warrants is exercisable to acquire one common
share for a period of 24 months at a price of $1.35.
As at June 10, 2008, the Company had working capital of approximately $4.1 millions, which it
anticipates will likely be sufficient to cover its anticipated administrative and property payment expenses
for the next 12 months. However, the Company does not presently have sufficient funds to carry out all
of its planned exploration programs for the next 12 months, and therefore additional funding will be
required during the next year. If the Company is unable to obtain any such additional funding as and
when necessary, it would likely be required to scale back its property acquisition and/or exploration
programs, sell, option or abandon some of its mineral properties or dispose of some or all of its
investment in ITH or Trevali.
OFF BALANCE-SHEET ARRANGMENTS
The Company has no off-balance sheet arrangements.
TRANSACTIONS WITH RELATED PARTIES
During the six months ended April 30, 2008 and 2007, the Company incurred expenses paid to officers or
directors of the Company or companies with common directors:
2008 2007
Professional fees $ 44,138 $ 53,500
Consulting fees $ 45,000 $ 45,000
At April 30, 2008 there was $7,700 (October 31, 2007 - $7,769) included in accounts payable and accrued
liabilities, and $467,902 (October 31, 2007- $220,646) included in accounts receivable owing to/from
related parties. Professional fees include amounts paid to a law firm of which a director is a shareholder.
The Company recovered $101,850 during the period ended April 30, 2008 (2007 - $66,990) in rent and
administration costs from Wealth Minerals Ltd., International Tower Hill Mines Ltd., Indico Resources
Ltd., Athlone Energy Ltd. and Lawrence W. Talbot Law Corporation (“LWTLC”), companies with
common officers or directors.
These charges were measured by the exchange amount, which is the amount agreed upon by the
transacting parties and are on terms and conditions similar to non-related entities.
Effective October 1, 2005, the Company retained Mr. Carlos Ballon of Lima, Peru, to provide
management services on behalf of the Company in Peru through his private Peruvian company, Minera
Koripampa del Peru S.A., for a fee of USD 10,000 per month (reduced to USD 7,500 per month starting
from March, 2007), which has been expensed to consulting fees. Mr. Ballon became President of Cardero
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 19
Peru in April 2006. Accordingly, Mr. Ballon is a related party with respect to the Company. Prior to Mr.
Ballon becoming a related party, the Company entered into a number of mineral property
acquisition/option agreements from either Minera Koripampa del Peru S.A. or Sudamericana de Metales
Peru S.A., another private Peruvian company controlled by Mr. Ballon. Such property transactions
include those with respect to the Carbonera and Daniella Properties (note 6(c)(i)), the Pampa de Pongo
Property (note 6(c)(ii)), the Katanga Property (note 6(c)(iii), the Lircay Project (note 6(c)(v)) and the
Corongo Project (note 6(c)(vi)).
The presidents of Minerales y Metales California, S.A. de C.V. and Cardero Argentina S.A. provide
management services for USD 3,750 each per month, which is expensed to consulting fees or capitalized
to property costs, depending upon the nature of the services.
The Company has entered into a retainer agreement dated May 1, 2007 with LWTLC, pursuant to which
LWTLC agrees to provide legal services to the Company. Pursuant to the retainer agreement, the
Company has agreed to pay LWTLC a minimum annual retainer of $82,500 (plus applicable taxes and
disbursements). The retainer agreement may be terminated by LWTLC on reasonable notice, and by the
Company on one year’s notice (or payment of one year’s retainer in lieu of notice).
PROPOSED TRANSACTIONS
Although the Company is currently investigating a number of additional property acquisitions, and is
entertaining proposals for the option/joint venture of one or more of its properties, as at the date of this
MD&A there are no proposed transactions where the board of directors, or senior management who
believe that confirmation of the decision by the board is probable, have decided to proceed with, other
than with respect to the finalization of option agreements on the Corrales property, Mexico (see “Mexico
– Corrales Property”).
CRITICAL ACCOUNTING ESTIMATES
The preparation of financial statements in conformity with Canadian generally accepted accounting
principles requires management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial
statements, and the reported amounts of revenues and expenses during the reporting period. Areas
requiring the use of estimates in the preparation of the Company’s financial statements include the rates
of amortization for equipment, the potential recovery of resource property interests, the assumptions used
in the determination of the fair value of stock-based compensation and the determination of the valuation
allowance for future income tax assets. Management believes the estimates used are reasonable;
however, actual results could differ materially from those estimates and, if so, would impact future results
of operations and cash flows.
CHANGES IN ACCOUNTING POLICIES
There have been no changes in accounting policies since November 1, 2007, being the start of the
Company’s most recently completed fiscal year.
FINANCIAL INSTRUMENTS AND OTHER INSTRUMENTS
The Company’s financial instruments include cash and cash equivalents, receivables, investments and
payables.
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 20
The Company’s cash at April 30, 2008 was $4,903,310 of which $203,008 was held in Mexican,
Argentinean and Peruvian currencies.
The Company’s receivables and payables at April 30, 2008 were normal course business items that are
settled on a regular basis. The Company’s investments in ITH and Trevali are carried at quoted market
value or an estimate thereof, and are classified as “available for sale” for accounting purposes. The
intrinsic value represented by the share purchase warrants of ITH is carried at quoted market value or an
estimate thereof, and this investment is classified as derivative financial instruments, changes to the fair
value of which are included in net income. The Company has no plans to dispose of any significant
portion of its investments in either ITH or Trevali.
MATERIAL PROCEEDINGS
Pursuant to an agreement dated October 17, 2007, the legal action among Western Telluric Resources Inc.
(“WTR”) and Minera Olympic, S. de R.L. de C.V. (“Minera”) (the “Plaintiffs”) and the Company was
settled. As its part of the settlement, the Company has agreed to issue an aggregate of 500,000 shares to
WTR and to grant to WTR a 1.5% net smelter return royalty over its existing and future acquired Baja
California properties, of which the Company can acquire one-half (0.75%) for the price of $2,000,000.
Fulfillment by the Company of its obligations under the Settlement Agreement was subject to the
acceptance for filing thereof by the TSX (received on November 20, 2007) and AMEX (received on
November 13, 2007) and certain other conditions precedent. The settlement transaction closed on May 23,
2008, with interests in all affected resource properties being transferred to the Company’s Mexican
subsidiary.
EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES
Disclosure controls and procedures are designed to provide reasonable assurance that all relevant
information is gathered and reported to senior management, including the Company’s Chief Executive
Officer and Chief Financial Officer, on a timely basis so that appropriate decisions can be made regarding
public disclosure. Management of the Company, with the participation of the Chief Executive Officer
and the Chief Financial Officer, has evaluated the effectiveness of the Company’s disclosure controls and
procedures as at April 30, 2008 as required by Canadian securities laws. Based on that evaluation, the
Chief Executive Officer and the Chief Financial Officer, have concluded that, as of April 30, 2008, the
disclosure controls and procedures were effective to provide reasonable assurance that information
required to be disclosed in the Company’s annual filings and interim filings (as such terms are defined
under Multilateral Instrument 52-109 Certification of Disclosure in Issuer’s Annual and Interim Filings)
and other reports filed or submitted under Canadian securities laws is recorded, processed, summarized
and reported within the time periods specified by those laws and that material information is accumulated
and communicated to management of the Company, including the Chief Executive Officer and the Chief
Financial Officer, as appropriate to allow for accurate disclosure to be made on a timely basis.
CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING
Internal control over financial reporting is a process designed to provide reasonable assurance regarding
the reliability of financial reporting and the preparation of financial statements for external purposes in
accordance with Canadian GAAP. The Chief Executive Officer and Chief Financial Officer have
concluded that there has been no change in the Company’s internal control over financial reporting during
the six months ended April 30, 2008 that has materially affected, or is reasonably likely to materially
affect, the Company’s internal control over financial reporting.
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 21
RESTATEMENT
The Company restated the fair value adjustment to investments for the six month period ended April 30,
2007 to reflect the unrealized gain on derivatives of $960,000 as other income instead of comprehensive
income. In addition, the Company has restated net loss per US GAAP and comprehensive income to
account for the fair value of derivative financial instruments totalling $960,000 not previously recognized
in the six months ended April 30, 2007. An adjustment for the cost of mineral properties capitalized has
also been reflected in that period.
DISCLOSURE OF OUTSTANDING SHARE DATA (as at June 10, 2008)
1. Authorized and Issued capital stock:
Authorized Issued Value
An unlimited number of common shares without
par value
56,240,873 $65,443,172
2. Options Outstanding:
Number Exercise Price Expiry Date
81,200 $1.75 July 23, 2008
1,100,000 $1.95 August 4, 2008
412,500 $2.00 November 30, 2008
225,000 $1.70 December 20, 2008
100,000 $3.28 April 11, 2009
900,000 $1.47 September 7, 2009
350,000 $1.91 October 3, 2009
500,000 $1.50 January 16, 2010
3,668,700
3. Warrants/Agent’s Options Outstanding:
Number Exercise Price Expiry Date
687,500 $2.00 July 12, 2008
1,125,866 $2.00 July 23, 2008
44,500 $1.75 July 23, 2008
3,775,500 $1.50 March 1, 2010
750,100 $1.35 March 1, 2010
6,383,466
ADDITIONAL SOURCES OF INFORMATION
Additional disclosures pertaining to the Company, including its most recent Annual Information Form,
financial statements, management information circular, material change reports, press releases and other
information, are available on the SEDAR website at www.sedar.com or on the Company’s website at
www.cardero.com.
Form 51-102F1
Management’s Discussion and Analysis
For six months ended April 30, 2008
INTRODUCTION
This Management Discussion and Analysis (“MD&A”) provides a detailed analysis of the business of
Cardero Resource Corp. (“Cardero” or the “Company”) and compares its financial results for six months
ended April 30, 2008 to the previous year’s same period. This MD&A should be read in conjunction with
the Company’s audited financial statements for the year ended October 31, 2007. The Company’s
reporting currency is the Canadian dollar and all amounts in this MD&A are expressed in Canadian
dollars. The Company reports its financial position, results of operations and cash-flows in accordance
with Canadian generally accepted accounting principles.
This MD&A contains certain statements which may constitute “forward-looking statements”. Forwardlooking
statements include but are not limited to, statements regarding future anticipated exploration
program results and the timing thereof, discovery and delineation of mineral resources/reserves, business
and financing plans, business trends and future operating revenues. Although the Company believes that
such statements are reasonable, it can give no assurance that such expectations will prove to be correct.
Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend,
estimate, postulate and similar expressions, or which by their nature refer to future events. The Company
cautions investors that any forward-looking statements by the Company are not guarantees of future
performance, and that actual results may differ materially from those in forward looking statements as a
result of various factors, including, but not limited to, the Company’s ability to identify one or more
economic deposits on its properties, to obtain all necessary permits, licenses and approvals required to
carry out work on its properties, to produce minerals from its properties successfully or profitably, to
continue its projected growth, to raise the necessary capital or to be fully able to implement its business
strategies.
Additional information relating to the Company can be located on the Company’s web site
www.cardero.com or on the SEDAR website at www.sedar.com.
DATE
This Management Discussion and Analysis reflects information available as at June 10, 2008.
THE BUSINESS OF THE COMPANY
Background
Cardero Resource Corp. is a junior resource mineral exploration company. Its assets consist of mineral
properties, common shares and warrants of other junior natural resource exploration companies and cash.
The Company funds its operations primarily through the sale of its equity securities. The mineral
exploration business is very high risk. Major risks applicable to the Company include:
1. The chance of finding an economic ore body is extremely small, and the vast majority of
exploration projects do not result in the discovery of commercially mineable deposits of ore.
2. The market for junior resource equities, where the Company raises funds, is extremely volatile.
Even though the Company believes that it has sufficient funds on hand to meet its current
requirements, there is no guarantee that it will be able to raise additional funds as it requires them.
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 2
3. The establishment of undisputed title to mineral properties is often a time consuming process and
even though the Company has diligently investigated title to all its mineral properties there is no
guarantee of title.
4. Currency fluctuations may affect the Company as its transactions are often conducted in US
dollars, Mexican and Argentinean pesos, and Peruvian Nuevo Soles.
5. The Company’s properties are located in Mexico, Argentina and Peru and will be affected by the
political stability and laws of those countries.
6. There is no guarantee that the Company can obtain the necessary governmental permits, consents,
approvals and licenses for its proposed operations as and when required.
7. Environmental concerns and the fluctuation of metal prices, both of which are beyond the
Company’s control, may significantly alter the economics of the exploitation of any mineral
deposits that it may discover or acquire.
(See “Risk Factors”)
Exploration Activities
Cardero is actively assessing, acquiring interests in and exploring a number of mineral exploration
properties, primarily those it considers to be prospective for gold, copper and iron. At the present time, it
is focusing its activities in Mexico, Argentina and Peru, where it has established subsidiaries and the
infrastructure to enable it to actively work in such countries. The Company, through its subsidiaries,
holds, or has the right to acquire interests in, a large number of properties in these countries. However, at
the present time it does not consider all of these to be material as, in many cases, the properties are in the
early stages of evaluation, or have not had sufficient work done on them by the Company to determine if
they are material. Cardero presently considers its material properties to be the Baja IOCG Project
(Mexico), the Iron Sands Project (Peru), the Pampa de Pongo Iron Project (Peru), the Huachi Copper
Porphyry (Argentina) and the Incahuasi SHV Project (Argentina).
Property
Total Costs as of
October 31, 2007
Total Costs to
April 30, 2008
Estimated Fiscal
2008 Expenditures(1)
Baja IOCG, Mexico $ 5,577,320 $ 6,703,202 $ 500,000
Iron Sands, Peru 4,223,535 4,900,487 2,000,000
Pampa de Pongo, Peru 2,683,199 3,059,964 3,000,000
Huachi, Argentina 1,603,539 1,613,210 50,000
Incahuasi, Argentina 1,328,010 1,503,050 500,000
Note: This amount represents the estimated exploration expenditures for 2007 fiscal year ending
October 31, 2007 only, and to April 30, 2008. Estimated expenditures are contingent upon
ongoing successful results justifying further expenditures.
During the six months ended April 30, 2008 and to June 10, 2008, the Company carried out the following
exploration activities:
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 3
Mexico
Baja IOCG
Anglo American Mexico S.A. de C.V. (“Anglo”) has completed transferring to the Company’s wholly
owned Mexican subsidiary, Minerales Y Metales California, S.A. de C.V., all of the concessions acquired
by Anglo on behalf of the joint venture (representing 13 exploration concessions covering approximately
50,112 hectares). Following this transfer, the Company proposes, based upon an analysis of the results to
date, to reduce the size of the overall property (which encompasses - including the concessions being
transferred by Anglo - 20 exploration and 5 exploitation concessions covering approximately 64,954
hectares) to concentrate the land holdings over the most promising areas of the overall Baja IOCG
Project. Due to the existence of the lawsuit by Western Telluric Resources Inc. and Minera Olympic,
S.A. de C.V. (see “Material Proceedings”), the Company did not carry out any work on the Baja IOCG
Project during 2007, nor was it able to find a joint venture partner.
However, the settlement of this lawsuit during Q4 2007 has enabled the Company to recommence its
search for potential joint venture partners. Confidentiality agreements have been signed with several
prospective partners. One property visit is in progress in early June and another is planned for July.
If the Company is unable to secure a joint venture partner, or if a deal outlining significant drill
expenditure cannot be finalised, the Company will, subject to financing, consider carrying out further
work on its own on the Baja IOCG Project in the fiscal year ending October 31, 2008. Such work would
include an initial 3,000m drill program to test priority targets at San Fernando and San Jose. In
preparation for possible drilling at San Fernando, the Company has retained an experienced structural
geologist to visit the property in early July. The purpose of the fieldwork will be to determine the main
controlling structures and to further refine priority drill targets.
Corrales Project
The Corrales project is located to the south of the Chihuahua state, 60km east from Parral, 28 km southsouthwest
from the city of Jiménez and 110 km south-southeast from Naica mine. Corrales is a grassroots
CRD exploration project with significant mineralization exposed at surface. The extent of surface
alteration and geochemical anomalism is comparable to major CRD deposits in the regions. The property
has been exploited on a small scale by informal miners, exposing mineralization in shallow surface pits.
The property has not seen any modern exploration of any kind.
Cardero exploration to date has defined a discreet multi-element (Zn, Pb, Ag, Cu, Mn) soil anomaly on
surface in a favourable structural setting. The project area comprises interbedded limestones and
dolostones of the Aurora Formation, which are intruded by late felsic dikes. The area has seen significant
alteration, including recrystalization, dolomitization, brown manganiferous calcite veins and stockwork,
mineralized quartz stockworks, late black-calcite dolomite alteration, and barren white calcite veinlets.
Mineralization has been observed at surface and is spatially related to brown manganiferous calcite
veining and to quartz veinlets. Mineralization consists in hemimorphite, galena, zinc-oxides and copper
oxides. In the quartz veinlets and in the felsic dikes there is also oxidized pyrite. The mapped altered and
mineralized zone at surface measures 100-300m wide by 1,100m in length, which is a very significant
surface footprint for a CRD prospect.
Cardero exploration to date has included 203 soil samples (100m x 50m samples) and 60 rock chip
samples. 8 trenches were excavated in covered areas, adjacent to mapped alteration and mineralization,
but failed to hit bedrock at 2.5m, being abandoned thereafter. Multi-element soil anomalies demonstrate
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 4
excellent coincidence with mapped alteration. Mean rock chip sample results, separated by sample type,
are summarized below. Limestone and brown calcite samples collected within the main area of alteration
are anomalous in Zn, Pb and Mn. Mineralized samples average approximately 6% Zn and 3% Pb, but
critically, they carry 3-6oz Ag.
Sample Type Samples Zn ppm Pb ppm Ag ppm Cu ppm Mn ppm
Limestone (<35% brown calcite veins) 18 2,866 1,592 3 149 2,134
Brown calcite 7 3,830 1,865 4 1,998 5,618
Mineralisation 7 5.77(%) 2.44(%) 104 3,408 4,787
Mineralisation Dump 3 6.60(%) 3.68(%) 216 6,152 4,927
Felsic Dyke 3 38 22 0 2 335
Barite 2 41 5 0 6 75
4 km southwest of mapping 4 266 252 3 50 859
Regional 12 12 4 0 2 1,290
To date the most important mineralized areas appear to be open in all directions. Surface soil sample
anomalies are open to the north and south. As expected in CRD deposits, alteration and mineralization is
demonstrably controlled by structures and lithological (permeability) control. Mineralization occurs as
tectonic fill breccias, replacement and veins/veinlets.
Cardero has completed negotiation with one individual and has a 5 year lease with an option to purchase a
100% interest in one mining concession covering a small scale barite extraction operation. Cardero also
holds a significant land position surrounding this concession through an 8,500 hectare exploration
concession.
In order to attract a partner, the Company has carried out reconnaissance mapping. As the Company is
presently seeking a joint venture partner for the property there are no plans to carry out further work in
2008.
Calera Project
Calera is located in the state of Chihuahua, Mexico, 160km west of Chihuahua City. Calera was first
discovered in 1652, with medium-scale mining beginning in 1903 and in 1906 it was the first producer of
zinc in Mexico.
The Calera property was mined following the discovery of the outcropping La Prieta chimney and later
from underground, with the discovery of a single manto dipping southwest from the chimney. Calera’s
historical production was greater than 650,000 tons with grade of 50-100 g/t Ag, 5-7% Pb and 10-25%
Zn. Concentrates graded 2kg/t Ag, 75% Pb and 55% Zn. The deposit was last mined between 1967 and
1983 using a small 60 tons/day metallurgical plant. However, mining ceased once the depth extents of
that system had been exhausted and no other exploration was undertaken from surface or underground.
The property has not seen any modern exploration drilling and with a demonstrably extensive alteration
system, the potential for further discoveries is considered high. Several targets are essentially drill-ready
with no further geochemistry or geophysics required.
Calera is a carbonate-hosted Zn-Pb-Ag project associated to dioritic dikes. It lies within an established
belt of Mexican CRD deposits, on the edge of the Chihuahua Trough, coincident with the Mojave-Sonora
Megashear – a fundamental crustal break. The main ore body was the La Prieta Chimney with outcrop of
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 5
40 x 50m, 260m long (210m vertical depth). The chimney contains massive sphalerite, galena (with
silver) and trace chalcopyrite.
During reconnaissance mapping, 50 rock channel and characterization samples were collected.
Four samples of massive sulphide were collected in remnants of massive sulfides ore pockets inside the
La Prieta Chimney, as follows:
Sample Ag g/t Pb % Zn % Cu ppm
717650 16 1.22 47.40 67
717651 378 21.60 37.70 18,800
717652 176 1.78 18.35 99
717653 64 10.85 12.90 38
Mean 158 8.86 29.10 n/a
Twenty samples of altered rock were taken, to characterise the geochemical signature over 70 x 350 m
area within outcrops of calc-silicates (actinolite, hedenbergite, garnet, epidote), brown calcite, oxide
manganese and hematitic jasper replacing limestones with moderate recrystallization, with the following
results:
20 Samples Ag g/t Pb ppm Zn ppm Cu ppm Mn ppm
Values: min-max 1 to 47 89 to 5,440 691 to 6,880 2 to 50 8,620 to 43,800
Mean 13 921 2,479 9 18,968
As these samples were intended to provide a fingerprint of altered samples, two samples, grading 3.18%
Zn and 1.63% Zn, were excluded from this set.
The Company is completing option agreements with three concession holders, securing rights to 425
hectares on five claims. Reconnaissance mapping and sampling has been completed and the Company is
seeking a joint venture partner to advance exploration on the property. No further work is planned until a
joint venture partner has been secured.
Argentina
Sediment Hosted Vein (SHV) Project
The SHV project is an exploration program, based on a specific geological model, targeting the
prospective 61,000 square kilometre Santa Victoria basin in north-western Argentina. The SHV Project
involves an ongoing reconnaissance program in the basin, accompanied by the acquisition of properties
believed to be prospective for this type of deposit. To date, the Company has acquired interests in, or the
right to acquire an interest in, 18 separate properties (1,028.60) square kilometres in total), of which one
has been dropped following further investigation. The remainder make up the properties currently
comprising the Company’s SHV Project. Additional properties may be acquired, and existing properties
may be abandoned or returned to their respective vendors, as reconnaissance and property evaluation is
ongoing. In addition to the ongoing reconnaissance program, work in the quarter was focussed on the
Incahuasi property.
Incahausi Gold Project
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 6
Incahuasi is located in the Province of Catamarca, Argentina. The property consists of seven minas and
two cateos (665 hectares) centered on the former Incahuasi gold mine, the most significant historical
high-grade Sediment Hosted Vein (SHV) type gold producer in the region.
During the quarter, the Company conducted a short drillhole program consisting of two drillholes for a
total of 174 m. Drillhole DDH-08-IH-06 was designed to test the depth extent of the main shear zone,
150m below surface. The drillhole intersected significant faulting from 67 to 103 m and was abandoned.
Drillhole DDH-08-IH-07 was designed to test the western vein group, a structure parallel to the main
shear zone. The drillhole intersected a zone of significant quartz veining from 1.72-13.90 m with visible
gold observed in core.
Results of analysis were received for the two drillholes, as well as results for various new analyses from
the geological drilling conducted in 2007. Highlights are as follows;
Drillhole From To Results
DDH-IH-07-01 132 134 2m @ 0.31 g/t Au
DDH-IH-07-03 66 68 2m @ 0.85 g/t Au
and 102.1 103.5 1.4m @ 0.58 g/t Au
DDH-IH-07-04 139 141 2m @ 0.53 g/t Au
DDH-IH-07-05 12.1 12.8 0.7m @ 0.63 g/t Au
DDH-IH-08-07 10.75 13.2 2.45m @ 2.84 g/t Au
including 1.65m @ 4.25 g/t Au
The Company continues to believe that the Incahuasi project area still has significant future potential as a
bulk-tonnage style target. Accordingly, the Company plans to drop its option to acquire the seven minas
over the historic Incahuasi Mine, but retain the two surrounding cateos (368 hectares) that are 100%
owned by the Company. However, no further work is planned on this property during 2008 as the
Company continues to focus its efforts on its Peruvian Iron Ore assets.
Newmont Exploration Alliance
The Alliance, which has been in effect since September 1, 2007, operates within the northern portion of
Cardero’s Sediment Hosted Vein (SHV) project area (“Alliance Area”), where Cardero holds twelve gold
bearing properties encompassing some 1,200 square kilometres as part of its SHV Gold targeting
initiative. The Alliance Area covers an area of approximately 36,000 square kilometres. Any properties
acquired by the Alliance will be held, initially, 50:50 by Cardero and Newmont, subject to dilution for
failure to contribute to ongoing exploration.
Newmont will not, by virtue of its participation in the Alliance, earn any interest in any existing Cardero
properties in the Alliance Area. However, it will have the right to elect to earn an interest in certain
Cardero properties through separate option agreements. Existing Cardero properties located within the
Alliance area have been designated as either Option Properties or Excluded Properties. Cardero has
excluded four properties from the Alliance (Organullo, Piriquitas, Chingolo/Providencia and La
Poma/Concordia). All other Cardero properties within the Alliance Area have been designated as Option
Properties. Newmont has the right to elect to enter into an option to acquire an interest in any (or all) of
the Option Properties at any time during the term of the Alliance upon prescribed terms.
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 7
Work Completed to Date
Sampling, using Newmont’s proprietary Bulk Leach Extractable Gold (BLEG) methodology, began in
mid-September 2007. Sampling has been continuous since that time, with 3 or 4 dedicated BLEG
sampling teams employed at all times. To date, 1,117 samples have been collected, screening an area of
approximately 5,000 square kilometres. Newmont completed interpretation of Aster satellite imagery of
the Alliance Area in October 2007 and this interpretation helped prioritise areas for BLEG sampling.
Future Work
Partial analytical results from the BLEG sampling campaign have been returned and interpretation of
these results in progress by the Company in conjunction with Newmont geologists and geochemists.
Targets identified will be prioritised for field follow-up. This work will ideally place the Alliance to
rapidly advance identified targets.
Terms of the Exploration Alliance Agreement
Expenditures under the Exploration Alliance Agreement will take place over 3 separate phases:
Phase I – Newmont and Cardero will jointly fund USD 1,500,000 in exploration expenditures within the
Alliance Area on or before September 1, 2010.
Phase II – If the parties elect to continue after Phase I, then Cardero will be responsible for incurring an
additional USD 1,500,000 in Phase II expenditures in the Alliance Area. The funding for such
expenditures will come from a private placement by Newmont in Cardero in that amount (at a price per
unit equal to the 30 trading day closing average price of Cardero’s common shares at that time).
Phase III – If the parties elect to continue after Phase II, then Cardero will be responsible for funding an
additional USD 1,500,000 in Phase III expenditures in the Alliance Area. The funding for such
expenditures will come from the exercise by Newmont of the warrants received in the Phase II private
placement (which will have an exercise price of 150% of the unit subscription price in Phase II).
Cardero is the manager of the Alliance, and is entitled to charge a 10% management fee. Any properties
acquired by the Alliance will be held, initially, 50:50 by Cardero and Newmont, subject to dilution for
failure by a party to contribute its pro rata share of ongoing expenditures. Upon the unanimous decision
of the management committee, or at the election of either party upon the Alliance having spent USD
100,000 on that specific Alliance acquired property, any Alliance acquired property can be made the
subject of a separate joint venture (at which point Newmont may elect to become the manager of such
specific project joint venture). Following designation of an Alliance property as a specific project joint
venture, expenditures will be jointly funded until the completion of 10,000 metres of drilling, at which
time the party that is acting as manager may elect to earn an additional 12% by solely funding all
expenditures necessary to complete a positive feasibility study identifying reserves on the property. If the
manager exercises such option, it will have the further option to earn an additional 13% (overall 75%
interest) by solely funding the expenditures necessary to reach the commencement of commercial
production. If the manager exercises this second option it will recover the non-manager’s share of such
costs, with interest, from 90% of the non-manager’s share of distributions from the project.
If a participant is diluted to a 10% or lesser interest, that interest will be converted into a 1% net smelter
return royalty.
To date, the Alliance has incurred approximately USD 466,000 in expenditures.
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 8
Terms of Option Property Earn-In Agreement(s)
Newmont has the right to elect to enter into an option agreement to acquire an initial 50% interest in any
Cardero Option Property. Under such agreement, Newmont can earn an initial 50% interest in the Option
Property by either spending USD 500,000 (plus any additional monies spent by Cardero on that Option
Property since September 2007) or by completing a drilling program of 2,500 metres (or 2,500 metres
plus one additional metre for each USD 200 spent by Cardero on that Option Property since September
2007), whichever is sooner. Upon Newmont having earned its initial interest, the parties will commence
joint funding and, upon the completion of 10,000 metres of drilling, the manager will have the same
options to earn an aggregate 25% additional interest as in the Alliance specific project scenario above.
La Poma Silver-Lead Epithermal Project
The La Poma property lies within the Alliance area (see above) but is an Excluded Property and has been
advanced by the Company on its own. The property consists of 6 minas (exploitation concessions),
covering approximately 3,752 hectares, including the former La Poma Silver-Lead Mine. The property is
located 24 kilometres from the town of San Antonio De Los Cobres and less than three hours drive from
Salta.
Historically the La Poma Mine was exploited during the early 20th century up until 1964. The mine was
worked over a 2,000 metre strike length by both open pit and underground methods, with up to 1,100
metres of underground development.
To date, Cardero has completed due diligence sampling, reconnaissance mapping, an Induced Polarisation
survey, and detailed mapping is in progress to generate drill targets. A total of 12 lines (13,000 metres) of
IP were completed during Q4 2007 in order to determine whether the known productive structures
continue to depth in addition to along strike under younger cover. Interpretation of the data has identified
6 new high priority targets, none of which are exposed at surface and none of which have been drill
tested.
In total, the Company has now collected 54 surface rock samples, with silver values ranging from 0.4 g/t
to 1370 g/t, lead ranging from below detection to 15.45%, and copper ranging from below detection to
2.47%. Mean values from all 54 rock samples to date is 250 g/t silver, 5.73% lead, and 0.32% copper.
In late February 2008, the Company completed further detailed surface mapping and a short drilling
program to demonstrate the depth-continuity of mineralization mapped at surface. The drillhole program
consisted of two drillholes for a total of 335 metres.
Drillhole DDH-08-LP-01 was designed to test the depth extent of the main western workings. The
drillhole intersected the mineralized fault at approximately 160 metres below surface, proving a vertical
thickness of at least 160 metres. The drillhole intersected 33 metres of anomalous mineralization
comprised of carbonate veins with galena, sphalerite, chalcopyrite, chalcosite and possible sulfosalts,
indicating that the mineralized zone, which is 6 metres thick at surface, is significantly thicker at depth.
Drillhole DDH-08-LP-02 was designed to test thickness and grade at shallow depths beneath the eastern
workings. The drillhole intersected a 5 metre fault zone, 25 metres below the surface workings, grading
8.75 oz/t silver equivalent over 4 metres, within which 2 metres returned 17.03 oz/t silver equivalent.
Drill intersection highlights are as follows:
500m
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 9
Drillhole From To Results
DDH-LP-08-02 32 36 4 m @ 113.5 ppm Ag, 4.9% Pb
including 32 34 2 m @ 208.1 ppm Ag, 9.3% Pb
DDH-LP-08-01 204 217 13 m @ 0.12% Pb
Results indicate that the intersection in drillhole LP-08-01 is lower grade than that in drillhole LP-08-02,
but they demonstrate a thicker mineralized section at approximately 160 metres below surface and only
further drilling will determine the extent of high grade mineralization at these depth extents.
The drilling demonstrates that surface mineralization, extending over more than 2,000 m strike length,
can be used as an indicator real potential at depth. Mineralization has been tested at only two structural
levels and remains open, even beyond the known surface exposures. The six untested IP anomalies on the
property remain untested and the potential for discovery of additional sub-parallel mineralized structures
requires further drill testing.
The Company believes that the project has significant future potential but no further work is planned
during 2008 as the Company continues to focus on its Peruvian Iron Ore assets. The project is currently
at an advanced stage of exploration, with mapping, sampling, geophysics and two drillholes complete. In
order to progress drill testing to the next stage, the Company is seeking a silver-focussed joint venture
partner who can commit to drill testing of the numerous high priority targets which are drill ready.
Mina Pirquitas Silver Project
The Company’s Mina Pirquitas Project is located close to the village of Mina Pirquitas and approximately
108 kilometres by road from the town of Abra Pampa, in Juyuy Province, northwest Argentina. The
project consists of one exploration concession (4,382 hectares) staked by the Company in 2004. Work by
the Company identified two targets in the area based on regional structural targeting using satellite
imagery, regional geophysical images and published geological maps. The targets are based on northtrending
antiformal fold hinges intersected by a northwest-trending fault zone. To date, the Company has
not conducted any exploration on the property. The Company’s property partially surrounds the Pirquitas
Project of Silver Standard Resources Inc.
A private company based in Australia (“optionee”) has agreed to terms whereby the optionee may earn an
interest in the Mina Pirquitas project. The agreement provides that the optionee may earn a 55% interest
by incurring exploration expenditures of USD 1,000,000 over 4 years, of which USD 50,000 must be
incurred in the first year. Following the optionee having earned its interest, the parties will enter into a
joint venture, and thereafter each party is required to contribute its proportional share of further
expenditures or be diluted on a straight-line basis. The agreement is subject to the execution of formal
documentation and an initial draft of the agreement is currently being reviewed by the Company.
Huachi Project
The Huachi copper-gold property is located in San Juan Province in north-western Argentina. The
property has good access and exploration can be carried out on a year-round basis. Mapping by the
Company indicates that copper-gold mineralization is part of a large and well developed porphyry style
hydrothermal system.
The Company will not be undertaking any further exploration at Huachi and is currently seeking a joint
venture partner to advance the Huachi project. Terms of the proposed JV will include significant drilling
commitments to ensure that the targets are adequately tested in the upcoming field season. Several
companies have signed confidentiality agreements and have received data for internal review. However
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 10
no negotiations have yet been commenced with, nor have any proposals been received from, potential
partners.
Los Manantiales Project (formerly “Mina Angela”)
In March 2007, Cardero entered into a letter of intent with Hochschild Mining Holdings Limited
(“HMHL”), a subsidiary of Hochschild Mining plc., pursuant to which it has granted HMHL the option to
earn up to a 70% interest in the Los Manantiales Gold property, located in Chubut Province, Argentina.
HMHL is the operator of the project while it is completing its earn-in, and is responsible for formulating
and implementing all work programs at the property. As project operator, HMHL has advised the
Company that it will commence an exploration program at the property in Q2 2008, contingent on receipt
of work permits.
Peru
Pampa De Pongo
The Company exercised the option and acquired the property on 27 January 2008, making the final
payment of USD$300,000. Transfer of title from Rio Tinto to Cardero is in progress.
SRK Consulting Engineers and Scientists (“SRK”) has been retained to complete a mine scoping study,
which commenced in February, 2008 with two site visits, and is currently scheduled to be completed in
late July 2008. The scoping study will focus on determining the likely mining methods and will include
an initial caveability and fragmentation assessment of the central orebody. Overburden characteristics,
hydrogeology and major structural features will all be reviewed. The scoping study will also determine
the range of potential mining costs, which should permit the development of a financial model for the
deposit. In the main Central Zone, the top of the high-grade semi-massive magnetite resource is typically
350 metres below surface, with intersections up to 302 metres @ 51.6% iron and 0.10% copper. The
Company believes that this portion of the resource may be suitable for an underground cave mining
operation. The overlying zone includes shallow intersections of up to 347 metres @ 22.5% iron. The
scoping study will investigate the possibility of extracting this material from surface by open-pit methods.
This mineralisation has not been included in the current inferred resource and, if the extraction of this
material appears viable, the scoping study will include an updated Pampa de Pongo Inferred Resource
including this material. To date, SRK has been on site and reviewed the drillcore. The scoping study is
scheduled to be completed in Q3 2008.
The Company has initiated a concurrent pre-feasibility study, which will include a 30,000 metre
definition drill program at Pampa de Pongo, which is designed to upgrade the NI 43-101 Inferred
Resource to a combination of Indicated and Measured Resource status. SRK will design and oversee
programs for the collection of geotechnical and geological data from drill core during the planned drill
program, which is expected to commence when a drill rig is available.
The Company initiated and completed a comprehensive ground magnetic study during March 2008. The
data has been interpreted and modeled by Quantec Geophysics. The survey identified a large 3D
magnetic body, southeast of the central zone. The new magnetic anomaly has previously been tested by
drillhole PPD-004, which intersected which intersected 282 metres @ 31.3% iron, including 191 metres
of massive magnetite, where composite grades range from 43.57% to 48.52% iron. This considerably
decreases the technical risk and increases confidence that the high priority anomaly represents a
significant body of massive magnetite mineralization. Previous drilling of 3D geophysical models in
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 11
2004 resulted in an excellent correlation between the dimensions of the model and ore-grade
mineralization.
Cardero has received a drill permit for 20 drillholes at the Pampa de Pongo project. The proposed drill
program is planned to assess the considerable exploration potential of the project, in addition to resource
definition drilling for the current mining prefeasibility study. In tandem with this, the Company is also
initiating a significant environmental monitoring program to ensure a smooth transition to the next phase
of drill permitting.
Cardero is moving quickly to complete commercial-scale metallurgical test work for inclusion in the
Mine Scoping Study. Previous metallurgical test work completed by Met Chem (on behalf of Rio Tinto
Exploration and Mining, was completed at bench-scale and demonstrated the viability of producing a high
grade (66.6% to 66.9% Fe) pellet. Cardero’s study will significantly expand the scope of the Met Chem
work and use a larger 560kg sample to determine the feasibility of producing a premium Direct Reduction
Iron (DRI) grade pellet on a commercial scale. Based on the previous test work the Company is highly
confident that the results will be positive.
Metallurgical testing will further assess beneficiation of ore material, including optimum grinding prior to
Low Intensity Magnetic Separation. The upgraded concentrate will undergo agglomeration testing in
preparation for induration (strength testing) to produce Blast Furnace grade pellets. Finally, the pellets
will be subjected to an independent raw material evaluation, which will determine the viability of
producing a premium DRI grade pellet product on a commercial scale. Inclusion of positive, commercialscale
metallurgical work into the Mine Scoping Study will add significant value to the Pampa de Pongo
project. With guidance from SRK Consulting Engineers and Scientists (SRK), the Company is confident
that the sample will be representative of overall deposit chemistry, providing high metallurgical
confidence for the project moving forward.
A 560kg sample has been delivered to Natural Resources Research Institute (NRRI), Minnesota, one of
the world’s leading Iron Ore metallurgical testing facilities. NRRI were selected because of their
previous experience pelletizing similar iron ore from the Marcona Mine, located approximately 35km to
the northwest. Details of the metallurgical testing were previously outlined in news release 08-13. Full
test results should be available in July.
Iron Sands Project
The Iron Sands project comprises 23 mining concessions which total 17,400 hectares. A further 32
concessions, totalling 27,100 hectares, which previously formed part of the project, were abandoned
during the previous quarter. The Iron Sands Project consists of three separate groups of claims, each
covering a different dune field, and known (from north to south) as the Carbonera, Pampa El Torro and
Tanaca Dune fields. The Iron Sands Project is located near the city of Nazca in the desert coastal region
of southern Peru approximately 45 kilometres northeast of the port of San Juan and close to the large
Marcona iron mine (approximate resource of 1.4Bt @ 54% iron), and to Cardero’s Pampa de Pongo iron
deposit.
During the quarter, the Company completed installation and commissioning of the pilot plant. A 40-
tonne magnetic concentrate was subsequently processed ahead of schedule. Pilot-plant throughput was
increased from 2.8 tonnes per hour during commissioning to 18 tonnes per hour during concentrate
production, resulting in significant time saving and an interpreted increase in magnetic concentrate grade
to 52-55% Fe (unconfirmed grades based on handheld XRF measurements). The concentrate will now be
shipped to the National Energy Testing Laboratory (NETL), a testing facility in the US, for extensive
commercial-scale melting tests aimed at producing a premium-quality pig iron product (96-98% Fe, 2-4%
C, <0.05% deleterious elements), along with a vanadia and titania enriched slag. Previous bench-scale
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 12
testing of samples from the Iron Sands project has successfully produced high-grade pig iron on three
separate occasions and Cardero is therefore very confident about demonstrating viability at the industrial
level.
In tandem with the above work, SRK have been retained to complete the 43-101 compliant resource
estimate for the Pampa El Toro Iron Sands Project. As part of this study, a consultant from SRK
Johannesburg is currently on site and the final report is scheduled to be completed during the third quarter
of 2008.
Amable Maria Project
No work was carried out on the Amable Maria project during the quarter. The Company is currently
looking for a joint venture partner to advance this uranium project.
Qualified Person(s) and Quality Control/Quality Assurance
EurGeol Keith Henderson, Cardero’s Vice President-Exploration and a qualified person as defined by
National Instrument 43-101, has supervised the preparation of the scientific and technical information that
forms the basis for the mineral property disclosure in this MD&A.
The work programs on the Company’s properties are designed and are supervised by Keith Henderson,
Vice President, Exploration, of Cardero, either alone or in conjunction with independent consultants. Mr.
Henderson and such consultants, as applicable, are responsible for all aspects of the work, including the
quality control/quality assurance program. On-site personnel at the various project rigorously collect and
track samples which are then sealed and shipped to ALS Chemex for assay. ALS Chemex's quality
system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:
1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference
material and replicate samples. Quality control is further assured by the use of international and in-house
standards. Blind certified reference material is inserted at regular intervals into the sample sequence by
Cardero personnel in order to independently assess analytical accuracy. Finally, representative blind
duplicate samples are forwarded to ALS Chemex and an ISO compliant third party laboratory for
additional quality control.
Risk Factors
The Company is in the business of acquiring, exploring and, if warranted, developing and exploiting
natural resource properties, initially in Mexico, Argentina and Peru. Due to the nature of the Company’s
proposed business and the present stage of exploration of its mineral properties (which are primarily early
to advanced stage exploration properties with no known resources or reserves), the following risk factors,
among others, will apply:
Mining Industry is Intensely Competitive: The Company’s business is the acquisition, exploration and
development of mineral properties. The mining industry is intensely competitive and the Company will
compete with other companies that have far greater resources.
Resource Exploration and Development is Generally a Speculative Business: Resource exploration and
development is a speculative business and involves a high degree of risk, including, among other things,
unprofitable efforts resulting not only from the failure to discover mineral deposits but from finding
mineral deposits which, though present, are insufficient in size to return a profit from production. The
marketability of natural resources that may be acquired or discovered by the Company will be affected by
numerous factors beyond the control of the Company. These factors include market fluctuations, the
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 13
proximity and capacity of natural resource markets, government regulations, including regulations
relating to prices, taxes, royalties, land use, importing and exporting of minerals and environmental
protection. The exact effect of these factors cannot be accurately predicted, but the combination of these
factors may result in the Company not receiving an adequate return on invested capital. The vast majority
of exploration projects do not result in the discovery of commercially mineable deposits of ore.
Fluctuation of Metal Prices: Even if commercial quantities of mineral deposits are discovered by the
Company, there is no guarantee that a profitable market will exist for the sale of the metals produced.
Factors beyond the control of the Company may affect the marketability of any substances discovered.
The prices of various metals have experienced significant movement over short periods of time, and are
affected by numerous factors beyond the control of the Company, including international economic and
political trends, expectations of inflation, currency exchange fluctuations, interest rates and global or
regional consumption patterns, speculative activities and increased production due to improved mining
and production methods. The supply of and demand for metals are affected by various factors, including
political events, economic conditions and production costs in major producing regions. There can be no
assurance that the price of any commodities will be such that any of the properties in which the Company
has, or has the right to acquire, an interest may be mined at a profit.
Permits and Licenses: The operations of the Company will require consents, approvals, licenses and/or
permits from various governmental authorities. There can be no assurance that the Company will be able
to obtain all necessary consents, approvals, licenses and permits that may be required to carry out
exploration, development and mining operations at its projects.
No Assurance of Profitability: The Company has no history of earnings and, due to the nature of its
business, there can be no assurance that the Company will ever be profitable. The Company has not paid
dividends on its shares since incorporation and does not anticipate doing so in the foreseeable future. The
only present source of funds available to the Company is from the sale of its common shares or, possibly,
from the sale or optioning of a portion of its interest in its mineral properties. Even if the results of
exploration are encouraging, the Company may not have sufficient funds to conduct the further
exploration that may be necessary to determine whether or not a commercially mineable deposit exists.
While the Company may generate additional working capital through further equity offerings or through
the sale or possible syndication of its properties, there can be no assurance that any such funds will be
available on favourable terms, or at all. At present, it is impossible to determine what amounts of
additional funds, if any, may be required. Failure to raise such additional capital could put the continued
viability of the Company at risk.
Uninsured or Uninsurable Risks: The Company may become subject to liability for pollution or hazards
against which it cannot insure or against which it may elect not to insure where premium costs are
disproportionate to the Company’s perception of the relevant risks. The payment of such insurance
premiums and of such liabilities would reduce the funds available for exploration and production
activities.
Government Regulation: Any exploration, development or mining operations carried on by the
Company will be subject to government legislation, policies and controls relating to prospecting,
development, production, environmental protection, mining taxes and labour standards. In addition, the
profitability of any mining prospect is affected by the market for precious and/or base metals which is
influenced by many factors including changing production costs, the supply and demand for metals, the
rate of inflation, the inventory of metal producing corporations, the political environment and changes in
international investment patterns.
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 14
Environmental Matters: Existing and possible future environmental legislation, regulations and actions
could cause significant expense, capital expenditures, restrictions and delays in the activities of the
Company, the extent of which cannot be predicted and which may well be beyond the capacity of the
Company to fund. The Company’s right to exploit any mining properties is and will continue to be
subject to various reporting requirements and to obtaining certain government approvals and there can be
no assurance that such approvals, including environment approvals, will be obtained without inordinate
delay or at all.
Insufficient Financial Resources: The Company does not presently have sufficient financial resources
to undertake by itself the exploration and development of all of its planned exploration and development
programs. The development of the Company’s properties will therefore depend upon the Company’s
ability to obtain financing through the joint venturing of projects, private placement financing, public
financing or other means. There can be no assurance that the Company will be successful in obtaining the
required financing. Failure to raise the required funds could result in the Company losing, or being
required to dispose of, its interest in its properties. In particular, failure by the Company to raise the
funding necessary to maintain in good standing the various option agreements it has entered into could
result in the loss of the rights of the Company to such properties.
Foreign Counties and Regulatory Requirements: All of the mineral properties held by the Company are
located in Mexico, Argentina or Peru, where mineral exploration and mining activities may be affected in
varying degrees by political instability, expropriation of property and changes in government regulations
such as tax laws, business laws, environmental laws and mining laws, affecting the Company’s business
in that country. Any changes in regulations or shifts in political conditions are beyond the control of the
Company and may adversely affect its business, or if significant enough, may make it impossible to
continue to operate in the country. Operations may be affected in varying degrees by government
regulations with respect to restrictions on production, price controls, foreign exchange restrictions, export
controls, income taxes, expropriation of property, environmental legislation and mine safety.
Dependence Upon Others and Key Personnel: The success of the Company’s operations will depend
upon numerous factors, many of which are beyond the Company’s control, including (i) the ability to
design and carry out appropriate exploration programs on its mineral properties; (ii) the ability to produce
minerals from any mineral deposits that may be located; (iii) the ability to attract and retain additional key
personnel in exploration, marketing, mine development and finance; and (iv) the ability and the operating
resources to develop and maintain the properties held by the Company. These and other factors will
require the use of outside suppliers as well as the talents and efforts of the Company and its consultants
and employees. There can be no assurance of success with any or all of these factors on which the
Company’s operations will depend, or that the Company will be successful in finding and retaining the
necessary employees, personnel and/or consultants in order to be able to successfully carry out such
activities. This is especially true as the competition for qualified geological, technical and mining
personnel and consultants is particularly intense in the current marketplace.
Currency Fluctuations: The Company presently maintains its accounts in Canadian dollars. Due to the
nature of its operations in such countries, the Company also maintains accounts in U.S. dollars, Mexican
and Argentine pesos and Peruvian nuevo soles. The Company’s operations in Mexico, Argentina and
Peru and its proposed payment commitments and exploration expenditures under many of the agreements
pursuant to which it holds, or has a right to acquire, an interest in its mineral properties are denominated
in U.S. dollars, making it subject to foreign currency fluctuations. Such fluctuations are out of its control
and may materially adversely affect the Company’s financial position and results.
Price Fluctuations and Share Price Volatility: In recent years, the securities markets in the United
States and Canada have experienced a high level of price and volume volatility, and the market price of
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 15
securities of many companies, particularly those considered exploration stage companies, have
experienced wide fluctuations in price which have not necessarily been related to the operating
performance, underlying asset values or prospects of such companies. There can be no assurance that
continual and extreme fluctuations in price will not occur.
Surface Rights and Access: Although the Company acquires the rights to some or all of the minerals in
the ground subject to the tenures that it acquires, or has a right to acquire, in most cases it does not
thereby acquire any rights to, or ownership of, the surface to the areas covered by its mineral tenures. In
such cases, applicable mining laws usually provide for rights of access to the surface for the purpose of
carrying on mining activities, however, the enforcement of such rights can be costly and time consuming.
In areas where there are no existing surface rights holders, this does not usually cause a problem, as there
are no impediments to surface access. However, in areas where there are local populations or land
owners, it is necessary, as a practical matter, to negotiate surface access. There can be no guarantee that,
despite having the right at law to access the surface and carry on mining activities, the Company will be
able to negotiate a satisfactory agreement with any such existing landowners/occupiers for such access,
and therefore it may be unable to carry out mining activities. In addition, in circumstances where such
access is denied, or no agreement can be reached, the Company may need to rely on the assistance of
local officials or the courts in such jurisdiction
Title: Although the Company has taken steps to verify the title to the mineral properties in which it has or
has a right to acquire an interest in accordance with industry standards for the current stage of exploration
of such properties, these procedures do not guarantee title (whether of the Company or of any underlying
vendor(s) from whom the Company may be acquiring its interest). Title to mineral properties may be
subject to unregistered prior agreements or transfers, and may also be affected by undetected defects or
the rights of indigenous peoples.
Investments
During the six months ended April 30, 2008, the Company sold 45,700 shares of ITH of gross proceeds of
$92,557. The Company held 2,954,300 common shares of ITH and common share purchase warrants to
purchase an additional 2,000,000 common shares at a price of $1.00 until August 4, 2008. Following the
completion by ITH of a significant private placement in April 2007, the Company holds approximately
7.4% of ITH as of April 30, 2008.
On April 24, 2007, the Company acquired 1,000,000 shares of Trevali Resources Corp. (“Trevali”), a
former related party, at a gross cost of $100,000. As there was no quoted market value for the shares of
Trevali as at October 31, 2007, the Company considers its cost to be a reasonable estimate of fair value as
of that date. Trevali commenced trading on the CNQ effective December 21, 2007. At April 30, 2008, the
quoted market value of the Trevali common shares was $1.86, or a total market value for the Company’s
shares of $1,860,000. Fair value adjustments for the six months ended April 30, 2008 amounted to
unrealized gains of $1,760,000 recorded as comprehensive income. The Company held 3.2% of the
Trevali issued and outstanding common shares as of April 30, 2008.
SUMMARY OF QUARTERLY RESULTS
The table below sets out the quarterly results expressed in Canadian dollars, for the fiscal years 2006,
2007 and 2008:
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 16
Fiscal 2008
First Quarter Second Quarter Third Quarter Fourth Quarter
Total revenue $ 3,593 $ 17,427
Gain on sale of investment - 66,963
Net income (loss) (1,788,629) (3,834,843)
Net loss per share (0.04) (0.07)
Comprehensive income (loss) (1,058,629) (7,285,919)
Fiscal 2007
First Quarter Second Quarter Third Quarter Fourth Quarter
Total revenue $ 82,190 $88,649 $ 59,079 $ 1,104
Gain on sale of investment 1,818,236 - - -
Net income (loss) 6,903 (2,001,964) (1,479,139) (5,667,290)
Net income per share 0.00 (0.04) (0.03) (0.13)
Comprehensive income (loss) (303,097) (1,001,964) (329,139) (8,827,290)
Fiscal 2006
First Quarter Second Quarter Third Quarter Fourth Quarter
Total revenue $ 93,787 103,878 102,400 51,313
Net loss (951,779) (1,113,123) (3,530,664) (2,594,576)
Net loss per share (0.02) (0.03) (0.08) (0.06)
Notes: 1) There were no discontinued operations or extraordinary items in the periods under review.
2) The basic and diluted losses per share were the same in each of the periods.
The variation seen over such quarters is primarily dependent upon the success of the Company’s ongoing
property evaluation and acquisition program and the timing and results of the Company’s exploration
activities on its current properties, none of which are possible to predict with any accuracy.
RESULTS OF OPERATIONS
During the six months ended April 30, 2008, the Company had a net loss of $5,623,472 or $0.11 per share
as compared to a net loss of $1,035,061 or $0.02 per share for 2007 (restated). The following discussion
explains the variations in the key components of these numbers but, as with most junior mineral
exploration companies, the results of operations are not the main factor in establishing the financial health
of the Company. Of far greater significance are the mineral properties in which the Company has, or may
earn, an interest, its working capital and how many shares it has outstanding. Quarterly results can vary
significantly depending on whether the Company has abandoned any properties or granted any stock
options.
Six months ended April 30
2008 2007
(restated)
Net loss $ 5,623,472 $ 1,035,061
Interest income 21,020 170,839
General and administrative costs 2,862,745 3,895,114
Stock-based compensation component 311,524 1,018,236
Write-down of resource properties 683,365 52,958
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 17
Six months ended April 30, 2008 compared to six months ended April 30, 2007
In the six months ended April 30, 2008 the Company had a net loss of $5,623,472 or $0.11 per share as
compared to a net loss of $1,035,061 or $0.02 per share for the six months ended April 30, 2007. During
the previous year’s period, the Company had a realized gain of $1,818,236 on the sale of 1,000,000 shares
of International Tower Hill Mines Ltd. (“ITH”) and an unrealized gain of $960,000 due to the fair value
adjustments of the ITH warrants which are considered to be a derivative financial instrument. In the
current period, the Company sold 45,700 shares of ITH, realizing a gain of $66,963 and an unrealized loss
of $2,260,000 due to the fair value adjustments on the ITH warrants. Property write-offs increased to
$683,365 (one property in Argentina) compared to write-offs in the same period in 2007 of $52,958. The
following discussion explains the variations in the key components of these numbers.
The Company’s general and administrative costs totalled $2,862,745 compared to $3,895,114 in 2007.
The major expense categories involved in this decrease are the salaries (2008 - $708,337; 2007 -
$1,422,749), property investigation (2008 - $282,133; 2007 - $643,170) due to less exploration activities,
regulatory and transfer agent fee (2008 - $88,079, 2007 - $148,024) and consulting fees (2008 - $343,078,
2007 - $380,269). This total decrease is offset by the increased expenses for investor relations (2008 -
$555,117, 2007- $420,216). Subsidiary administrative costs amounted to $643,477 (2007 - $697,372),
which decreased slightly due to lesser exploration activity and costs containment measures. (Also refer to
the stock-based compensation component of the related expense categories below.)
The Company’s interest income of $21,020 (2007 - $170,839) reflects lower average cash balances. The
foreign exchange gain (loss) of $94,655 (2007 - $(36,064)) arose principally as a result of strengthening
in the Argentine and Peruvian currencies compared to the Canadian dollar.
Stock-based compensation has been included in the following expense categories:
2008 2007
Salary $ 124,610 $ 742,156
Consulting - 178,144
Investor relations 186,914 98,393
Share issue costs 320,633 121,080
$ 632,157 $ 1,139,773
All other administrative expenses have risen due to the general increase in the level of activity of the
Company and increased expenses at its Latin American subsidiaries.
Three months ended April 30, 2008 compared to three months ended April 30, 2007
For the three months ended April 30, 2008, the Company incurred net losses of $3,834,843 as compared
to net losses of $1,601,964 for the period ending April 30, 2007. The explanations above relating to the
six month period to April 30, 2008 also apply to the comparative analysis relating to the three months
period ended April 30, 2007.
LIQUIDITY AND CAPITAL RESOURCES
The Company has no revenue generating operations from which it can internally generate funds. It relies
on either the sale of its own shares as needed, or the sale or option of its mineral properties. This situation
is unlikely to change until such time as the Company can develop a bankable feasibility study on one of
its projects.
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 18
When optioning properties the Company will sometimes issue its own stock to the vendor of the property
as partial or full consideration for the property in order to conserve its cash.
On February 29, 2008, the Company closed a brokered private placement of 5,150,000 units and a nonbrokered
private placement of 2,351,000 units. In each placement, the units were sold at $1.10 per unit,
and each unit consisted of one common share and one-half of a warrant, and with one whole warrant
being exercisable to purchase an additional common share at a price of $1.50 for a period of 24 months.
The net proceeds from the private placements totalled $7,388,413. The Company paid a cash commission
of $735,088 and issued 50,000 units valued at $1.10 per unit to the agent, together with legal costs of
$127,601. The Company also issued agent’s warrants in the brokered financing and 235,100 finder’s
warrants in the non-brokered financing. Each of such warrants is exercisable to acquire one common
share for a period of 24 months at a price of $1.35.
As at June 10, 2008, the Company had working capital of approximately $4.1 millions, which it
anticipates will likely be sufficient to cover its anticipated administrative and property payment expenses
for the next 12 months. However, the Company does not presently have sufficient funds to carry out all
of its planned exploration programs for the next 12 months, and therefore additional funding will be
required during the next year. If the Company is unable to obtain any such additional funding as and
when necessary, it would likely be required to scale back its property acquisition and/or exploration
programs, sell, option or abandon some of its mineral properties or dispose of some or all of its
investment in ITH or Trevali.
OFF BALANCE-SHEET ARRANGMENTS
The Company has no off-balance sheet arrangements.
TRANSACTIONS WITH RELATED PARTIES
During the six months ended April 30, 2008 and 2007, the Company incurred expenses paid to officers or
directors of the Company or companies with common directors:
2008 2007
Professional fees $ 44,138 $ 53,500
Consulting fees $ 45,000 $ 45,000
At April 30, 2008 there was $7,700 (October 31, 2007 - $7,769) included in accounts payable and accrued
liabilities, and $467,902 (October 31, 2007- $220,646) included in accounts receivable owing to/from
related parties. Professional fees include amounts paid to a law firm of which a director is a shareholder.
The Company recovered $101,850 during the period ended April 30, 2008 (2007 - $66,990) in rent and
administration costs from Wealth Minerals Ltd., International Tower Hill Mines Ltd., Indico Resources
Ltd., Athlone Energy Ltd. and Lawrence W. Talbot Law Corporation (“LWTLC”), companies with
common officers or directors.
These charges were measured by the exchange amount, which is the amount agreed upon by the
transacting parties and are on terms and conditions similar to non-related entities.
Effective October 1, 2005, the Company retained Mr. Carlos Ballon of Lima, Peru, to provide
management services on behalf of the Company in Peru through his private Peruvian company, Minera
Koripampa del Peru S.A., for a fee of USD 10,000 per month (reduced to USD 7,500 per month starting
from March, 2007), which has been expensed to consulting fees. Mr. Ballon became President of Cardero
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 19
Peru in April 2006. Accordingly, Mr. Ballon is a related party with respect to the Company. Prior to Mr.
Ballon becoming a related party, the Company entered into a number of mineral property
acquisition/option agreements from either Minera Koripampa del Peru S.A. or Sudamericana de Metales
Peru S.A., another private Peruvian company controlled by Mr. Ballon. Such property transactions
include those with respect to the Carbonera and Daniella Properties (note 6(c)(i)), the Pampa de Pongo
Property (note 6(c)(ii)), the Katanga Property (note 6(c)(iii), the Lircay Project (note 6(c)(v)) and the
Corongo Project (note 6(c)(vi)).
The presidents of Minerales y Metales California, S.A. de C.V. and Cardero Argentina S.A. provide
management services for USD 3,750 each per month, which is expensed to consulting fees or capitalized
to property costs, depending upon the nature of the services.
The Company has entered into a retainer agreement dated May 1, 2007 with LWTLC, pursuant to which
LWTLC agrees to provide legal services to the Company. Pursuant to the retainer agreement, the
Company has agreed to pay LWTLC a minimum annual retainer of $82,500 (plus applicable taxes and
disbursements). The retainer agreement may be terminated by LWTLC on reasonable notice, and by the
Company on one year’s notice (or payment of one year’s retainer in lieu of notice).
PROPOSED TRANSACTIONS
Although the Company is currently investigating a number of additional property acquisitions, and is
entertaining proposals for the option/joint venture of one or more of its properties, as at the date of this
MD&A there are no proposed transactions where the board of directors, or senior management who
believe that confirmation of the decision by the board is probable, have decided to proceed with, other
than with respect to the finalization of option agreements on the Corrales property, Mexico (see “Mexico
– Corrales Property”).
CRITICAL ACCOUNTING ESTIMATES
The preparation of financial statements in conformity with Canadian generally accepted accounting
principles requires management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial
statements, and the reported amounts of revenues and expenses during the reporting period. Areas
requiring the use of estimates in the preparation of the Company’s financial statements include the rates
of amortization for equipment, the potential recovery of resource property interests, the assumptions used
in the determination of the fair value of stock-based compensation and the determination of the valuation
allowance for future income tax assets. Management believes the estimates used are reasonable;
however, actual results could differ materially from those estimates and, if so, would impact future results
of operations and cash flows.
CHANGES IN ACCOUNTING POLICIES
There have been no changes in accounting policies since November 1, 2007, being the start of the
Company’s most recently completed fiscal year.
FINANCIAL INSTRUMENTS AND OTHER INSTRUMENTS
The Company’s financial instruments include cash and cash equivalents, receivables, investments and
payables.
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 20
The Company’s cash at April 30, 2008 was $4,903,310 of which $203,008 was held in Mexican,
Argentinean and Peruvian currencies.
The Company’s receivables and payables at April 30, 2008 were normal course business items that are
settled on a regular basis. The Company’s investments in ITH and Trevali are carried at quoted market
value or an estimate thereof, and are classified as “available for sale” for accounting purposes. The
intrinsic value represented by the share purchase warrants of ITH is carried at quoted market value or an
estimate thereof, and this investment is classified as derivative financial instruments, changes to the fair
value of which are included in net income. The Company has no plans to dispose of any significant
portion of its investments in either ITH or Trevali.
MATERIAL PROCEEDINGS
Pursuant to an agreement dated October 17, 2007, the legal action among Western Telluric Resources Inc.
(“WTR”) and Minera Olympic, S. de R.L. de C.V. (“Minera”) (the “Plaintiffs”) and the Company was
settled. As its part of the settlement, the Company has agreed to issue an aggregate of 500,000 shares to
WTR and to grant to WTR a 1.5% net smelter return royalty over its existing and future acquired Baja
California properties, of which the Company can acquire one-half (0.75%) for the price of $2,000,000.
Fulfillment by the Company of its obligations under the Settlement Agreement was subject to the
acceptance for filing thereof by the TSX (received on November 20, 2007) and AMEX (received on
November 13, 2007) and certain other conditions precedent. The settlement transaction closed on May 23,
2008, with interests in all affected resource properties being transferred to the Company’s Mexican
subsidiary.
EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES
Disclosure controls and procedures are designed to provide reasonable assurance that all relevant
information is gathered and reported to senior management, including the Company’s Chief Executive
Officer and Chief Financial Officer, on a timely basis so that appropriate decisions can be made regarding
public disclosure. Management of the Company, with the participation of the Chief Executive Officer
and the Chief Financial Officer, has evaluated the effectiveness of the Company’s disclosure controls and
procedures as at April 30, 2008 as required by Canadian securities laws. Based on that evaluation, the
Chief Executive Officer and the Chief Financial Officer, have concluded that, as of April 30, 2008, the
disclosure controls and procedures were effective to provide reasonable assurance that information
required to be disclosed in the Company’s annual filings and interim filings (as such terms are defined
under Multilateral Instrument 52-109 Certification of Disclosure in Issuer’s Annual and Interim Filings)
and other reports filed or submitted under Canadian securities laws is recorded, processed, summarized
and reported within the time periods specified by those laws and that material information is accumulated
and communicated to management of the Company, including the Chief Executive Officer and the Chief
Financial Officer, as appropriate to allow for accurate disclosure to be made on a timely basis.
CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING
Internal control over financial reporting is a process designed to provide reasonable assurance regarding
the reliability of financial reporting and the preparation of financial statements for external purposes in
accordance with Canadian GAAP. The Chief Executive Officer and Chief Financial Officer have
concluded that there has been no change in the Company’s internal control over financial reporting during
the six months ended April 30, 2008 that has materially affected, or is reasonably likely to materially
affect, the Company’s internal control over financial reporting.
Cardero Resource Corp.
Form 51-901F
Management Discussion & Analysis
Six months ended April 30, 2008 Page 21
RESTATEMENT
The Company restated the fair value adjustment to investments for the six month period ended April 30,
2007 to reflect the unrealized gain on derivatives of $960,000 as other income instead of comprehensive
income. In addition, the Company has restated net loss per US GAAP and comprehensive income to
account for the fair value of derivative financial instruments totalling $960,000 not previously recognized
in the six months ended April 30, 2007. An adjustment for the cost of mineral properties capitalized has
also been reflected in that period.
DISCLOSURE OF OUTSTANDING SHARE DATA (as at June 10, 2008)
1. Authorized and Issued capital stock:
Authorized Issued Value
An unlimited number of common shares without
par value
56,240,873 $65,443,172
2. Options Outstanding:
Number Exercise Price Expiry Date
81,200 $1.75 July 23, 2008
1,100,000 $1.95 August 4, 2008
412,500 $2.00 November 30, 2008
225,000 $1.70 December 20, 2008
100,000 $3.28 April 11, 2009
900,000 $1.47 September 7, 2009
350,000 $1.91 October 3, 2009
500,000 $1.50 January 16, 2010
3,668,700
3. Warrants/Agent’s Options Outstanding:
Number Exercise Price Expiry Date
687,500 $2.00 July 12, 2008
1,125,866 $2.00 July 23, 2008
44,500 $1.75 July 23, 2008
3,775,500 $1.50 March 1, 2010
750,100 $1.35 March 1, 2010
6,383,466
ADDITIONAL SOURCES OF INFORMATION
Additional disclosures pertaining to the Company, including its most recent Annual Information Form,
financial statements, management information circular, material change reports, press releases and other
information, are available on the SEDAR website at www.sedar.com or on the Company’s website at
www.cardero.com.
!
Dieser Beitrag wurde moderiert. Grund: Provokation
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
(Unaudited – Prepared by Management)
April 30, 2008
NOTICE OF NO AUDITOR REVIEW OF
INTERIM FINANCIAL STATEMENTS
Under National Instrument 51-102, Part 4, subsection 4.3(3(a), if an auditor has not performed a review of
the interim financial statements, they must be accompanied by a notice indicating that the financial
statements have not been reviewed by an auditor.
The accompanying unaudited interim financial statements of the Company have been prepared by and are
the responsibility of the Company’s management.
The Company’s independent auditor has not performed a review of these financial statements in
accordance with standards established by the Canadian Institute of Chartered Accountants for a review of
interim financial statements by an entity’s auditor.
For further information, please contact:
Michael W. Kinley, Chief Financial Officer
Tel: (604) 408-7488
Fax: (604) 408-7499
CARDERO RESOURCE CORP.
(AN EXPLORATION STAGE COMPANY)
Consolidated Financial Statements
(Unaudited – Prepared by management)
April 30, 2008
INDEX Page
Consolidated Financial Statements 2-5
Consolidated Balance Sheets 2
Consolidated Statements of Operations 3
Consolidated Statements of Shareholders’ Equity 4
Consolidated Statements of Cash Flows 5
Notes to Consolidated Financial Statements 6-42
2
See notes to consolidated financial statements
CARDERO RESOURCE CORP.
(AN EXPLORATION STAGE COMPANY)
Consolidated Balance Sheets
(Unaudited – Prepared by management)
April 30,
2008
October 31,
2007
(audited)
ASSETS
Current
Cash and cash equivalents $ 4,903,310 $ 824,484
Accounts receivable (note 8) 2,102,709 2,369,419
Prepaid expenses 191,566 150,073
Total Current Assets 7,197,585 3,343,976
Equipment (note 4) 64,105 71,404
Investments (note 5) 6,151,961 10,100,000
Resource Properties (note 6) 22,961,478 20,549,336
Total Assets $ 36,375,129 $ 34,064,716
LIABILITIES
Current
Accounts payable and accrued liabilities (note 8) $ 605,452 $ 594,056
SHAREHOLDERS’ EQUITY
Capital Stock 64,757,754 55,473,921
Contributed Surplus 8,791,894 8,490,791
Accumulated Other Comprehensive Income 3,857,553 5,520,000
Deficit (41,637,524) (36,014,052)
Total Shareholders’ Equity 35,769,677 33,470,660
Total Liabilities and Shareholders’ Equity $ 36,375,129 $ 34,064,716
Nature of operations (note 1)
Commitment (note 11)
Subsequent events (note 12)
Approved on behalf of the Board:
“Henk Van Alphen”
..................................................................... Director
Henk Van Alphen
“Lawrence W. Talbot”
..................................................................... Director
Lawrence W. Talbot
3
See notes to consolidated financial statements
CARDERO RESOURCE CORP.
(AN EXPLORATION STAGE COMPANY)
Consolidated Statements of Operations
(Unaudited – Prepared by management)
Three Months Ended Six Months Ended
April 30 April 30
2008
2007
2008
2007
(restated –
Note 3)
(restated –
Note 3)
Administrative Expenses
Investor relations $ 233,616 $ 179,179 $ 555,117 $ 420,216
Professional fees (note 8) 263,483 163,577 380,241 383,991
Salaries 299,189 742,430 708,337 1,422,749
Property evaluations 135,571 386,877 282,133 643,170
Insurance 49,070 42,506 95,734 85,065
Office costs 255,960 164,579 399,771 376,650
Regulatory and transfer agent fees 78,291 118,993 88,079 148,024
Consulting fees (note 8) 253,197 110,327 343,078 380,269
Amortization 5,349 26,601 10,255 34,980
Loss Before Other Items (1,573,726) (1,935,069) (2,862,745) (3,895,114)
Other Gain(Loss) Items
Interest income 17,427 88,649 21,020 170,839
Write-off of resource properties (683,365) (52,958) (683,365) (52,958)
Gain on sale of investment (note 5) 66,963 - 66,963 1,818,236
Foreign exchange gain (loss) 17,858 (102,586) 94,655 (36,064)
Unrealized gain (loss) on derivative investment (note
3 and 5)
(1,680,000)
400,000
(2,260,000)
960,000
(2,261,117) 333,105 (2,760,727) 2,860,053
Net Loss for Period (3,834,843) (1,601,964) (5,623,472) (1,035,061)
Loss Per Share (note 2(i)) $ (0.07) $ (0.03) $ (0.11) $ (0.02)
Weighted Average Number of Shares Outstanding 53,510,739 47,248,911 50,714,293 45,546,235
4
See notes to consolidated financial statements
CARDERO RESOURCE CORP.
(AN EXPLORATION STAGE COMPANY)
Consolidated Statements of Shareholders’ Equity
(Unaudited – Prepared by management)
Share Capital Accumulated Other Total Shareholders'
Shares Amount Deficit
Contributed
Surplus Comprehensive Income Equity
(restated- note 3)
Balance, October 31, 2006 43,122,439 $ 49,460,316 $ (29,412,562) $ 6,645,896 - $ 26,693,650
Net Loss for the Year (9,141,490) (9,141,490)
Other Comprehensive Income
Unrealized gain on available-for-sale investments 390,000 390,000
Transfer to income of realized gain on sale of investments (1,710,000) (1,710,000)
Comprehensive Loss for the Year (10,461,490)
Adjustment to opening balance – change in accounting policy 2,540,000 6,840,000 9,380,000
Shares issued for cash
Private placement 3,700,000 5,550,000 5,550,000
Exercise of options 190,000 329,250 329,250
Share issue costs (281,830) (281,830)
Shares issued for non-cash
Reclassification of contributed surplus on exercise of options 121,665 (121,665) -
Property acquisition 220,000 415,600 415,600
Agent's compensation 89,000 133,500 133,500
Stock-based compensation 1,845,480 1,845,480
Share issue costs (254,580) 121,080 (133,500)
Balance, October 31, 2007 47,321,439 55,473,921 (36,014,052) 8,490,791 5,520,000 33,470,660
Net Loss for the Period (5,623,472) (5,623,472)
Other Comprehensive Income
Unrealized (loss) on available-for-sale investments (1,591,612) (1,591,612)
Transfer to Income of realized gain on sale of investment (70,835) (70,835)
Comprehensive Loss for the Period (7,285,919)
Shares issued for cash
Exercise of options 487,500 885,000 885,000
Private placement 7,501,000 8,251,100 8,251,100
Share issue costs (862,688) (862,688)
Shares issued for non-cash
Reclassification of contributed surplus on exercise of options 331,055 (331,055) -
Property acquisition 500,000 1,000,000 1,000,000
Agent’s compensation 50,000 55,000 55,000
Stock-based compensation 311,524 311,524
Share issue costs (375,634) 320,634 (55,000)
Balance, April 30, 2008 55,859,939 $ 64,757,754 $ (41,637,524) $ 8,791,894 $ 3,857,553 $ 35,769,677
5
See notes to consolidated financial statements
CARDERO RESOURCE CORP.
(AN EXPLORATION STAGE COMPANY)
Consolidated Statements of Cash Flows
(Unaudited – Prepared by management)
Three Months Ended Six Months Ended
April 30 April 30
2008 2007 2008 2007
(restated –Note
3)
(restated –
Note 3)
Operating Activities
Net loss for period $ (3,834,843) $ (1,601,964) $ (5,623,472) $ (1,035,061)
Items not involving cash
Amortization 5,349 26,601 10,255 34,980
Stock-based compensation - 363,612 311,524 1,018,693
Write-off of resource properties 683,365 52,958 683,365 52,958
Gain on sale of investment (66,963) - (66,963) (1,818,236)
Unrealized (gain) loss on derivative investments 1,680,000 (400,000) 2,260,000 (960,000)
Changes in Non-Cash Working Capital Items
Accounts receivable (373,528) (143,768) 266,709 (290,117)
Prepaid expenses (85,287) 97,947 (41,493) 131,852
Accounts payable and accrued liabilities 26,995 (286,979) (46,144) (117,535)
Cash Used in Operating Activities (1,964,912) (1,891,593) (2,246,219) (2,982,466)
Investing Activities
Investment in and expenditures on resource properties (1,142,574) (883,651) (2,037,968) (2,487,916)
Proceeds from sale of investment in ITH 92,557 - 92,557 2,378,236
Investment in Trevali Resources Corp. - (100,000) - (100,000)
Purchase of equipment (2,956) (6,453) (2,956) (6,717)
Cash Used in Investing Activities (1,052,973) (990,104) (1,948,367) (216,397)
Financing Activities
Proceeds from shares issued 8,251,100 82,749 9,136,100 5,836,750
Share issue costs (862,688) - (862,688) (286,247)
Cash Provided by Financing Activities 7,388,412 82,749 8,273,412 5,550,503
Increase (Decrease) in Cash and Cash Equivalents 4,370,527 (2,798,948) 4,078,826 2,351,640
Cash and Cash Equivalents, Beginning of Period 532,783 9,656,753 824,484 4,506,165
Cash and Cash Equivalents, End of Period $ 4,903,310 $ 6,857,805 $ 4,903,310 $ 6,857,805
Supplemental Cash Flow Information
Accounts payable related to property expenditure $ 333,020 $ 215,179 $ 333,020 $ 215,179
Shares issued for property option payments $ - $ - $ 1,000,000 $ 380,000
Shares issued for brokers’ commission $ 55,000 $ - $ 55,000 $ 133,500
Interest and income tax paid $ - $ - $ - $ -
Cash and cash equivalents
Consists of:
Cash $ 1,903,310 $ 1,057,805 $ 1,903,310 $ 1,057,805
Term deposits $ 3,000,000 $ 5,800,000 $ 3,000,000 $ 5,800,000
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
For the Six Months ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
6
1. NATURE OF OPERATIONS
Cardero Resource Corp. and its subsidiaries are engaged in the exploration of mineral properties, primarily in
Mexico, Peru and Argentina. The Company considers itself to be an exploration stage company.
The business of mining and exploring for minerals involves a high degree of risk and there can be no assurance that
any of the Company’s current or future exploration programs will result in profitable mining operations. The
recoverability of amounts shown for resource properties is dependent upon the discovery of economically recoverable
reserves, the ability of the Company to obtain financing to complete their development and exploitation, and future
profitable operations or sale of the properties. The investment in and expenditures on resource properties comprise a
significant portion of the Company’s assets.
These consolidated financial statements were prepared on a “going-concern” basis, which assumes that the Company
will be able to realize its assets and discharge its liabilities in the normal course of business. As of April 30, 2008,
the Company had working capital of $6,592,133 (October 31, 2007 - $2,749,920). The Company does not currently
hold any revenue-generating properties and thereby continues to incur losses. The Company has an accumulated
deficit of $41,637,524 as at April 30, 2008 (October 31, 2007 - $36,014,052).
The Company’s ability to discharge its liabilities and fulfill its commitments as they come due is dependent upon its
success in obtaining equity financing and, ultimately, on locating economically recoverable ore resources and
attaining profitable operations. Failure to continue as a going-concern would require the restatement of assets and
liabilities on a liquidation basis, which could differ materially from the going-concern basis.
These consolidated financial statements do not reflect adjustments that would be necessary if the going-concern
assumptions were not appropriate because management believes that actions taken or planned will mitigate the
adverse conditions that raise doubts about the Company’s viability.
2. SIGNIFICANT ACCOUNTING POLICIES
(a) Basis of presentation
These consolidated financial statements include the accounts of Cardero Resource Corp. and its whollyowned
integrated subsidiaries, Cardero Argentina, S.A. (“Cardero Argentina”), Minerales Y Metales
California, S.A. de C.V. (“MMC”), Cardero Iron Ore Company Ltd., Cardero Peru S.A.C. (“Cardero Peru”),
Cerro Colorado Development Ltd. and Compania Minera Cardero Chile Limitada (“Cardero Chile”)
(collectively, the “Company”). All significant inter-company transactions and balances have been
eliminated.
These consolidated financial statements are prepared in accordance with Canadian generally accepted
accounting principles and are stated in Canadian dollars.
(b) Cash and cash equivalents
Securities with original maturities of three months or less are considered to be cash equivalents, at cost. The
securities are highly liquid, can be converted to cash at any time, and are held at a Canadian Chartered bank.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
For the Six Months ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
7
2. SIGNIFICANT ACCOUNTING POLICIES (Continued)
(c) Use of estimates
The preparation of financial statements in conformity with Canadian generally accepted accounting
principles requires management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements,
and the reported amounts of revenues and expenses during the reporting period. Areas requiring the use of
estimates include the rates of amortization for equipment, the recoverability of resource property interests,
the assumptions used in the determination of the fair value of stock-based compensation and the
determination of the valuation allowance for future income tax assets and accruals. Management believes
the estimates are reasonable; however, actual results could differ from those estimates and would impact
future results of operations and cash flows.
(d) Amortization
Amortization of equipment is recorded on a declining-balance basis at the following annual rates:
Computer equipment - 30%
Office equipment - 20%
Leasehold improvements - straight-line over the lease term
Additions during the year are amortized at one-half the annual rates.
(e) Investments
Investments other than derivatives are classified as available-for-sale, and are carried at quoted market value,
where applicable, or at an estimate of fair value. Resulting unrealized gains or losses, net of applicable
income taxes, are reflected in other comprehensive income, while realized gains or losses are included in
operations. Share purchase warrants included in investments are classified as derivative financial
instruments, and accordingly, unrealized gains or losses, net of applicable income taxes, are included in
operations.
(f) Resource properties
The Company capitalizes all costs related to investments in mineral property interests on a property-byproperty
basis. Such costs include mineral property acquisition costs and exploration and development
expenditures, net of any recoveries. Costs are deferred until such time as the extent of mineralization has
been determined and mineral property interests are either developed, the property is sold or the Company's
mineral rights are allowed to lapse.
All capitalized costs are reviewed, on a property-by-property basis, to consider whether there are any
conditions that may indicate impairment. When the carrying value of a property exceeds its net recoverable
amount (as estimated by quantifiable evidence of an economic geological resource or reserve or by reference
to option or joint venture expenditure commitments) or when, in the Company’s assessment, it will be
unable to sell the property for an amount greater than the deferred costs, the property is written down for the
impairment in value.
From time to time, the Company may acquire or dispose of a mineral property interest pursuant to the terms
of an option agreement. As such options are exercisable entirely at the discretion of the optionee, the
amounts payable or receivable are not recorded at the time of the agreement. Option payments are recorded
as property costs or recoveries when the payments are made or received.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
For the Six Months ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
8
2. SIGNIFICANT ACCOUNTING POLICIES (Continued)
(f) Resource properties (continued)
The amounts shown for acquisition costs and deferred exploration expenditures represent costs incurred to
date and do not necessarily reflect present or future values.
Capitalized costs are depleted over the useful lives of the properties upon commencement of commercial
production, or written off if the properties are abandoned or the applicable mineral rights are allowed to
lapse.
(g) Foreign currency translation
The functional currency of the Company is the Canadian dollar. Amounts recorded in foreign currency are
translated into Canadian dollars as follows:
i. Monetary assets and liabilities, at the rate of exchange in effect as at the balance sheet date;
ii. Non-monetary assets and liabilities, at the exchange rates prevailing at the time of the acquisition of
the assets or assumption of the liabilities; and
iii. Interest income and expenses (excluding amortization, which is translated at the same rate as the
related asset), at the average rate of exchange for the period.
Gains and losses arising from this translation of foreign currency are included in the determination of net
loss for the period.
(h) Stock-based compensation
The Company accounts for stock-based compensation expense using the fair value based method with
respect to all stock-based payments to directors, employees and non-employees, including awards that are
direct awards of stock and call for settlement in cash or other assets, or stock appreciation rights that call for
settlement by the issuance of equity instruments. Under this method, stock-based payments are recorded as
an expense over the vesting period or when the awards or rights are granted, with a corresponding increase
to contributed surplus. When stock options are exercised, the corresponding fair value is transferred from
contributed surplus to capital stock.
(i) Loss per share
Loss per share amounts have been calculated and presented in accordance with the treasury stock method.
Diluted loss per share amounts have not been presented as the effect of outstanding options and warrants is
anti-dilutive.
(j) Revenue recognition
Interest income is recorded as earned at the stated rate of interest of the term deposit over the term to
maturity.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
For the Six Months ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
9
2. SIGNIFICANT ACCOUNTING POLICIES (Continued)
(k) Asset retirement obligations
The Company recognizes an estimate of the liability associated with an asset retirement obligation (“ARO”)
in the financial statements at the time the liability is incurred. The estimated fair value of the ARO is
recorded as a long-term liability, with a corresponding increase in the carrying amount of the related asset.
The capitalized amount is depleted on a unit-of-production basis over the life of the proved reserves. The
liability amount is increased each reporting period due to the passage of time and the amount of accretion is
charged to earnings in the period. The ARO can also increase or decrease due to changes in the estimates of
timing of cash flows or changes in the original estimated undiscounted cost. Actual costs incurred upon
settlement of the ARO are charged against the ARO to the extent of the liability recorded.
(l) Income taxes
The Company follows the asset and liability method of accounting for income taxes. Under this method of
tax allocation, future income tax assets and liabilities are determined based on differences between the
financial statement carrying values and their respective income tax basis (temporary differences). Future
income tax assets and liabilities are measured using the tax rates expected to be in effect when the temporary
differences are likely to reverse. The effect on future income tax assets and liabilities of a change in tax
rates is included in operations in the period in which the change is enacted or substantially assured. The
amount of future income tax assets recognized is limited to the amount of the benefit that is more likely than
not to be realized.
(m) Financial Instruments
Effective November 1, 2006, the Company adopted the following new accounting standards issued by the
CICA relating to financial instruments. These new standards have been adopted on a prospective basis with
no restatement to prior period financial statements.
i. Financial Instruments – Recognition and Measurement (Section 3855)
This standard sets out criteria for the recognition and measurement of financial instruments for
fiscal years beginning on or after October 1, 2006. This standard requires all financial instruments
within its scope, including derivatives, to be included on a Company’s balance sheet and measured
either at fair value or, in certain circumstances when fair value may not be considered most
relevant, at cost or amortized cost. Changes in fair value are to be recognized in the statements of
operations and comprehensive income.
All financial assets and liabilities are recognized when the entity becomes a party to the contract
creating the item. As such, any of the Company’s outstanding financial assets and liabilities at the
effective date of adoption are recognized and measured in accordance with the new requirements as
if these requirements had always been in effect. Any changes to the fair values of assets and
liabilities prior to October 1, 2006 are recognized by adjusting opening deficit or opening
accumulated other comprehensive income.
All financial instruments are classified into one of the following five categories: held for trading,
held-to-maturity, loans and receivables, available-for-sale financial assets, or other financial
liabilities. Initial and subsequent measurement and recognition of changes in the value of financial
instruments depends on their initial classification.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
For the Six Months ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
10
2. SIGNIFICANT ACCOUNTING POLICIES (Continued)
ii. Comprehensive Income (Section 1530)
Effective November 1, 2006, the Company adopted the CICA Handbook Section 1530,
“comprehensive income”, which establishes standards for presentation and disclosure of
comprehensive income. Comprehensive income is the overall change in the net assets of the
Company for the period, other than changes attributed to transactions with shareholders. It is made
up of net income and other comprehensive income. The historical make up of net income has not
changed. Other comprehensive income includes gains or losses, which GAAP requires to be
recognized in a period, but excluded from net income for that period.
(n) Fair value
The carrying values of cash and cash equivalents, accounts receivable, and accounts payable and accrued
liabilities approximate their fair values because of the short-term maturity of these consolidated financial
instruments. Investments are carried at quoted market value or equivalent.
(o) Interest rate risk
The Company is not exposed to significant interest rate risk due to the short-term maturity of its monetary
assets and liabilities.
(p) Credit risk
The Company is exposed to credit risk with respect to its accounts receivable, which consists largely of tax
credits receivable from Mexican, Argentinean, Peruvian and Canadian agencies, interest receivable, and rent
receivable. Cash and cash equivalents have been placed with a major Canadian financial institution.
(q) Currency risk
The Company is exposed to foreign currency fluctuations to the extent expenditures incurred are not
denominated in Canadian dollars. The Company has not entered into any foreign currency contracts to
mitigate this risk.
(r) Derivatives – mineral properties
The Company retains and/or has obligations related to certain carried interest rights and net smelter
royalties, the value of which is derived from future events and commodity prices. These rights are derivative
instruments. However, the mineral interests to which they relate are not sufficiently developed to reasonably
determine value.
(s) Future accounting changes
i) Capital Disclosures
In February 2007, the CICA issued Handbook Section 1535, “Capital Disclosures”, which requires the
disclosure of both qualitative and quantitative information that provides users of financial statements
with information to evaluate the entity’s objectives, policies and procedures for managing capital. The
new section is effective for years beginning on or after October 1, 2007. The Company is in the process
of assessing the impact of this new section on its consolidated financial statements.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
For the Six Months ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
11
2. SIGNIFICANT ACCOUNTING POLICIES (Continued)
ii) Financial Instrument
In February 2007, the CICA issued two new standards, Section 3862, “Financial Instruments
Disclosures”, and Section 3863, “Financial Instruments Presentation”. These sections will replace the
existing Section 3861, “Financial Instruments Disclosure and Presentation”. Section 3862 provides
users with information to evaluate the significance of the financial instruments of the entity’s financial
position and performances, nature and extent of risks arising from financial instrument, and how the
entity manages those risks. Section 3863 deals with the classification of financial instruments, related
interest, dividends, losses and gains, and the circumstances in which financial assets and financial
liabilities are offset. The new sections are effective for years beginning on or after October 1, 2007. The
Company is in the process of assessing the impact of these new sections on its consolidated financial
statements.
iii) Inventories
In June 2007, the CICA issued Handbook Section 3031, “Inventories”. This section requires that
inventory be recorded at the lower of cost or net realizable value. This section also clarifies that the
allocation of fixed production overhead requires the consistent use of either first-in, first-out or the
weighted average method to measure inventory, and requires that any previous write-downs be
reversed when the value of the inventory increases. The amount of the reversal is limited to the amount
of the original write-down. The new section is effective for years beginning on or after January 1,
2008. The Company is in the process of assessing the impact of this new section on its financial
statements.
iv) Goodwill and Intangible Assets
In February 2008, the CICA issued Handbook Section 3064, “Goodwill and intangible assets”,
replacing Section 3062, “Goodwill and other intangible assets”, and Section 3450, “Research and
development costs”. This section establishes standards for the recognition, measurement, presentation
and disclosure of goodwill subsequent to its initial recognition and of intangible assets by profitoriented
enterprises. Standards concerning goodwill are unchanged from the standards included in the
previous Section 3062. The new section is effective for years beginning on or after October 1, 2008.
The Company is in the process of assessing the impact of this new section on its consolidated
financial statements.
v) International Financial Reporting Standards ("IFRS")
In 2006, the Canadian Accounting Standards Board ("AcSB") published a new strategic plan that will
significantly affect financial reporting requirements for Canadian companies. The AcSB strategic plan
outlines the convergence of Canadian generally accepted accounting principles with IFRS over an
expected five year transitional period. In February 2008, the AcSB announced that 2011 is the
changeover date for publicly-listed companies to use IFRS, replacing Canada's own generally accepted
accounting principles. The date is for interim and annual financial statements relating to fiscal years
beginning on or after January 1, 2011. The transition date of January 1, 2011 will require the
restatement for comparative purposes of amounts reported by the Company for the year ended October
31, 2010. While the Company has begun assessing the adoption of IFRS for 2011, the financial
reporting impact of the transition to IFRS cannot be reasonably estimated at this time.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
For the Six Months ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
12
2. SIGNIFICANT ACCOUNTING POLICIES (Continued)
vi) Going concern
In June 2007, the CICA amended Handbook Section 1400, “General Standards of Financial Statement
Presentation”, which requires management to make an assessment of a company’s ability to continue
as a going-concern. When financial statements are not prepared on a going-concern basis that fact
shall be disclosed together with the basis on which the financial statements are prepared and the
reason why the Company is not considered a going-concern. The new section is effective for years
beginning on or after January 1, 2008. The Company is in the process of assessing the impact of this
new section on its consolidated financial statements.
3. RESTATEMENT
The Company restated the fair value adjustment to investments for the six month period ended April 30, 2007 to
reflect the unrealized gain on derivatives of $960,000 as other income instead of comprehensive income.
4. EQUIPMENT
April 30, 2008
October 31, 2007
(audited)
Accumulated Accumulated
Cost Amortization Net Cost Amortization Net
Computer equipment $ 122,493 $ 74,567 $ 47,926 $ 119,537 $ 66,110 $ 53,427
Office equipment 36,886 20,707 16,179 36,886 18,909 17,977
$ 159,379 $ 95,274 $ 64,105 $ 156,423 $ 85,019 $ 71,404
5. INVESTMENTS
April 30, 2008
October 31, 2007
(audited)
International Tower Hill Mines Ltd. $ 4,291,961 $ 10,000,000
Trevali Resources Corp. 1,860,000 100,000
$ 6,151,961 $ 10,100,000
(a) During fiscal 2006, the Company acquired 4,000,000 common shares of International Tower Hill Mines Ltd.
(TSXV: “ITH”), plus common share purchase warrants to purchase up to an additional 2,000,000 common shares
at a price of $1.00 until August 4, 2008, at a gross cost of $2,240,000. As a result of this acquisition, the
Company held approximately 13.32% of the issued and outstanding common shares of ITH as at August 4, 2006.
Assuming the exercise of the 2,000,000 warrants, the Company would then hold approximately 18.74% of the
then issued common shares of ITH (assuming no other warrant or option exercises). ITH is considered to be a
related party as a result of common officer and director relationships (note 8).
On December 14, 2006, the Company sold 1,000,000 shares of ITH for net proceeds of $2,378,236 resulting in a
gain on sale of $1,818,236.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
For the Six Months ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
13
5. INVESTMENTS (Continued)
During the six months period ended April 30, 2008, the Company sold 45,700 shares of ITH for net proceeds of
$92,557 resulting in a gain on sale of $66,963.
At April 30, 2008, the quoted market value of ITH common shares was $1.27 (October 31, 2007 - $2.40) per
share, or a total market value for the Company’s shares of $3,751,961 (October 31, 2007 - $7,200,000). The
intrinsic (in the money) value of the 2,000,000 share purchase warrants is $0.27 (October 31, 2007 - $1.40) per
warrant, or $540,000 (October 31, 2007 – $2,800,000), for a total fair value at April 30, 2008 of $4,291,961
(October 31, 2007 - $10,000,000). Fair value adjustments for the six months ended April 30, 2008 amounted to
unrealized gains (losses) of ($3,351,612) and ($2,260,000) (April 30, 2007 - $1,440,000 and $960,000) recorded
as comprehensive income and other income, respectively. The Company held 2,954,300 shares, or 7.4% of the
ITH issued and outstanding common shares as of April 30, 2008.
(b) On April 24, 2007, the Company acquired 1,000,000 shares of Trevali Resources Corp. (“Trevali”), a former
related party (note 8), at a gross cost of $100,000. As there is no quoted market value for the shares of Trevali as
at October 31, 2007, the Company considers its cost to be a reasonable estimate of fair value as of that date.
Trevali commenced trading on the CNQ effective December 21, 2007. At April 30, 2008, the quoted market
value of the Trevali common shares was $1.86, or a total market value for the Company’s shares of $1,860,000.
Fair value adjustments for the six months ended April 30, 2008 amounted to unrealized gains of $1,760,000
recorded as comprehensive income. The Company held 3.2% of the Trevali issued and outstanding common
shares as of April 30, 2008.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
14
6. RESOURCE PROPERTIES
The Company’s capitalized acquisition and exploration expenditures on its resource properties are as follows:
Mexico Peru Total
Baja Other Total
Argentina
Marcona
Pampa de
Pongo Iron Sands Other Total
Balance, October 31, 2006 $ 5,277,115 $ 355,565 $ 5,632,680 $ 3,543,814 $ 2,724,576 $ 2,566,830 $ 3,367,032 $ 845,384 $ 9,503,822 $ 18,680,316
Acquisition costs
131,602 68,085 199,687
1,044,239 - 115,300 108,770 456,302 680,372 1,924,298
Deferred exploration costs
Camp 61,336 15,646 76,982 1,233,705 - - 455,719 158,580 614,299 1,924,986
Drilling and analysis 21,567 6,085 27,652 529,306 - - 60,397 30,328 90,725 647,683
Personnel and geology 85,700 41,271 126,971 489,134 - 1,069 231,617 61,728 294,414 910,519
168,603 63,002 231,605 2,252,145 - 1,069 747,733 250,636 999,438 3,483,188
Total expenditures for the year 300,205 131,087 431,292 3,296,384 - 116,369 856,503 706,938 1,679,810 5,407,486
Total before write-offs 5,577,320 486,652 6,063,972 6,840,198 2,724,576 2,683,199 4,223,535 1,552,322 11,183,632 24,087,802
Write-offs - (361,698) (361,698) (331,865) (1,890,172) - - (954,731) (2,844,903) (3,538,466)
Balance, October 31, 2007 $5,577,320 $124,954 $ 5,702,274 $ 6,508,333 $ 834,404 $ 2,683,199 $ 4,223,534 $ 597,591 $ 8,338,729 $ 20,549,336
Acquisition costs 1,058,886 37,184 1,096,070 103,944 - 303,540 102,959 30,071 436,570 1,636,584
Deferred exploration costs
Camp 40,290 22,514 62,804 142,649 - 55,842 506,892 109 562,843 768,296
Drilling and analysis 6,969 22,984 29,953 170,293 - - 36,077 - 36,077 236,323
Personnel and geology 46,737 33,767 80,504 325,095 - 17,384 31,022 299 48,705 454,304
93,996 79,265 173,261 638,037 - 73,225 573,992 408 647,625 1,458,923
Total expenditures for the period 1,152,882 116,449 1,269,331 741,981 - 376,765 676,951 30,479 1,084,195 3,095,507
Total before write-offs 6,730,202 241,403 6,971,605 7,250,314 834,404 3,059,964 4,900,486 628,071 9,422,924 23,644,843
Write-offs - - - (683,365) - - - - - (683,365)
Balance, April 30, 2008 $6,730,202 $241,403 $ 6,971,605 $ 6,566,949 $ 834,404 $ 3,059,964 $ 4,900,486 $ 628,071 $ 9,422,924 $ 22,961,478
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
15
6. RESOURCE PROPERTIES (Continued)
(a) Mexico
The properties in Mexico consist of the following:
i. Sirena Project, Baja California State, Mexico
Pursuant to an agreement dated December 12, 2001 between the Company and a private Mexican
company, the Company acquired a 100% interest in six mineral concessions located in Baja
California State, Mexico, in consideration of the issuance of an aggregate of 400,000 common
shares of the Company (issued). Some of these concessions form part of the Baja IOCG Project
(see note 6(a)(v)). The Company does not presently plan to carry out any material work programs
on the balance of the properties during 2008.
ii. Acquisition of MMC
Pursuant to an agreement dated September 9, 2002 between the Company and two Mexican
individuals, the Company acquired a 100% interest in MMC, a private Mexican corporation that
owned 8,055 hectares of mineral concessions situated in Baja California State, Mexico, in
consideration of aggregate payments of USD 75,000 (paid) and the issuance of an aggregate of
225,000 common shares of the Company (issued).
In addition to the above concessions, pursuant to an agreement made November 3, 2003, between
MMC and a Mexican individual, MMC acquired a 100% interest in three mineral concessions
covering 30 hectares upon payment of USD 45,000 (paid).
During 2006, the Company wrote off $117,008 relating to the Ludavina concessions, which were
held by MMC at the time of its acquisition by the Company.
iii. Coahuila Copper Data Acquisition, Coahuila de Zaragoza State, Mexico
Pursuant to an acquisition agreement dated August 22, 2003 between the Company and two
individuals, the Company obtained copies of and non-exclusive rights to use and retain certain
property data and other information pertaining to copper prospects in Coahuila de Zaragoza State,
Mexico, in consideration of the issuance of an aggregate of 20,000 common shares (issued).
iv. Crockite IOCG Data Acquisition, Baja California State, Mexico
Pursuant to an agreement dated October 27, 2003 between the Company, an individual and a
private B.C. company, the Company acquired all right, title and interest to certain geological
information, data and materials with respect to the potential for, and occurrences of, iron oxide
copper gold (“IOCG”) type deposits in Baja California State, Mexico, in consideration of the
issuance of an aggregate of 200,000 common shares, as follows:
- 100,000 common shares on January 20, 2004 (issued); and
- 100,000 common shares on or before the day that is ten business days from the earliest of the
following to occur (issued April 19, 2006):
- Anglo American Mexico S.A. de C.V. (“Anglo”) having earned an interest in certain
mineral concessions situated in Baja California State in accordance with and pursuant to
the agreement between Anglo and the Company (the “Anglo Agreement” as described in
note 6(a)(v));
- The Company having been advised by Anglo that Anglo has incurred aggregate
Exploration Expenditures (as defined in the Anglo Agreement) of not less than USD
2,000,000; and
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
16
6. RESOURCE PROPERTIES (Continued)
- If the Anglo Agreement is terminated prior to Anglo having incurred USD 2,000,000 in
exploration expenditures, then, upon Anglo, the Company or any third party that
subsequently enters into an agreement with the Company to earn an interest in the
Company’s IOCG properties in Baja California State collectively having incurred
Exploration Expenditures of not less than USD 2,000,000.
v. Baja IOCG Project, Baja California State, Mexico
Pursuant to an agreement dated December 1, 2002 (as amended by agreements dated November 26,
2003 and June 30, 2005) between the Company and Anglo (the “Anglo Agreement”), Anglo agreed
to manage and fund exploration expenditures for the identification and acquisition of not less than
one mineral concession within an area of interest measuring approximately 50,050 square
kilometres in size. Anglo could earn a 70% interest in the mineral concession(s) so acquired, as
well as in certain mineral concessions held by the Company, and a 70% interest in a new Mexican
company to be formed to hold such concessions, by incurring aggregate exploration expenditures of
not less than USD 3,700,000, as follows:
- USD 200,000 on or before December 1, 2003 (incurred);
- USD 800,000 on or before December 1, 2004 (incurred);
- USD 1,200,000 on or before December 1, 2005 (incurred); and
- USD 3,700,000 on or before December 1, 2006.
Upon Anglo incurring an aggregate USD 3,700,000 of exploration expenditures, a joint venture
would be formed, with each party required to contribute its pro rata share of all future exploration
expenditures. A non-participating party can be diluted to a minimum 10% working interest, below
which percentage its interest would be automatically converted to a 5% net profit interest.
Pursuant to an amending agreement dated June 30, 2005 between the Company and Anglo, the
Company assumed operation of the project. Under the terms of the amending agreement, the
Company was required to incur exploration expenditures of not less than USD 500,000 within a 12-
month period and, upon doing so, earned an additional 10% interest, thereby increasing its retained
interest in the project to 40% upon the exercise by Anglo of its option. Upon having incurred the
required USD 500,000 in exploration expenditures, the Company could either elect to terminate its
expenditure period by delivering a resumption notice to Anglo, or to elect to remain as operator and
continue to incur exploration expenditures. If the Company elected to continue incurring
exploration expenditures following the USD 500,000 having been incurred, it would earn an
additional one-tenth of one percent (0.1%) interest for each additional USD 10,000 of exploration
expenditures incurred. If the Company elected to continue incurring exploration expenditures, at
such time as it has incurred an aggregate of USD 1,400,000 (and has thereby increased its retained
interest to 49% upon the exercise by Anglo of its option), it was required to deliver an election
request notice to Anglo. Upon receipt by Anglo of a resumption notice or an election request
notice, Anglo was required to (unless it otherwise so elects) immediately resume incurring
aggregate exploration expenditures of USD 3,700,000 in order to earn its interest in the project
(which will range from 60% to 51%, depending upon the amount of exploration expenditures
incurred by the Company prior to the delivery of a resumption notice) with the original exploration
expenditure dates extended to take into account the time the Company acted as operator. If the
Company delivered a resumption notice, or if the Company delivered an election request notice and
Anglo elected to continue incurring exploration expenditures, and thereafter Anglo fails to maintain
its option in good standing, the Company could terminate the agreement. If the Company delivered
an election request notice and Anglo did not elect to resume incurring exploration expenditures, the
agreement would be automatically terminated. In either case, in the event of termination, the
Company would retain its 100% interest in the project, with Anglo having no residual interest
therein.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
17
6. RESOURCE PROPERTIES (Continued)
Effective May 30, 2006, Anglo elected to terminate the Anglo Agreement and thereby forfeited any
interest in, or rights to earn any interest in, the mineral concessions that were the subject of that
agreement. Accordingly, the Company is now the owner of a 100% interest in the concessions
comprising the Baja IOCG Project. The Company is presently seeking a joint venture partner for
the property, but may elect to carry out a further work program on its own if it is unsuccessful in
doing so.
On May 20, 2004, Western Telluric Resources Inc. (“WTR”) and Minera Olympic, S. de R.L. de
C.V. (“Minera”) (collectively, the “Plaintiffs”) commenced an action (the “Action”) in the British
Columbia Supreme Court (Vancouver Registry, No. S042795) against the Company and James
Dawson, Murray McClaren and their respective companies, Dawson Geological Consultants Ltd.
and 529197 B.C. Ltd. (carrying on business as Crockite Resources). The relief claimed against the
Company is the setting aside of an agreement dated December 12, 2001 between the Company and
Minera regarding the acquisition of mineral concessions. The Company has filed a Statement of
Defence in which it denies any liability as well as a counterclaim (the “Counterclaim”) against the
Plaintiffs.
Pursuant to an agreement dated October 17, 2007 (“Settlement Agreement”) among the Plaintiffs,
the Company and all other parties to the various actions, all actions (including the Action and the
Counterclaim) have been settled. As its part of the settlement, the Company has agreed to issue an
aggregate of 500,000 shares to WTR and to grant to WTR a 1.5% net smelter return royalty over its
existing and future acquired Baja California properties, of which the Company can acquire one-half
(0.75%) for the price of $2,000,000. Fulfillment by the Company of its obligations under the
Settlement Agreement was subject to the acceptance for filing thereof by the TSX (received on
November 20, 2007) and AMEX (received on November 13, 2007) and certain other conditions
precedent. Effective May 23, 2008, the transaction closed and the 500,000 shares were released to
WTR.
vi. Franco Project, San Luis Potosi State, Mexico
Pursuant to an agreement dated August 29, 2003, as accepted on September 3, 2003, and amended
by agreements dated October 1, 2004 and September 13, 2005, between the Company and a private
Mexican company, the Company can acquire a 100% interest (subject to a 2% net smelter return
(“NSR”) retained by the vendor) in the Franco Project, San Luis Potosi State, Mexico, upon
completion of the following:
Payments aggregating USD 1,145,000, as follows:
- USD 15,000 on or before September 18, 2003 (paid);
- USD 20,000 on or before March 24, 2004 (paid);
- USD 30,000 on or before January 13, 2005 (paid);
- USD 30,000 on or before October 3, 2005 (postponed due to force majeure);
- USD 100,000 on or before October 3, 2006 (postponed due to force majeure);
- USD 150,000 on or before October 3, 2007 (see below); and
- USD 800,000 on or before October 3, 2008 (see below).
Exploration expenditures on the property aggregating USD 1,050,000, as follows:
- USD 50,000 on or before October 3, 2005 (postponed due to force majeure);
- USD 200,000 on or before October 3, 2006 (postponed due to force majeure);
- USD 300,000 on or before October 3, 2007 (see below); and
- USD 500,000 on or before October 3, 2008 (see below).
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
18
6. RESOURCE PROPERTIES (Continued)
If the Company terminates the agreement before incurring USD 250,000 of exploration
expenditures, then the Company is required to pay to the vendor the difference between USD
250,000 and the amount of exploration expenditures actually incurred. The Company can buy onehalf
(being 1%) of the NSR retained by the vendor at any time for USD 2,000,000.
On November 5, 2003, the Company optioned the property to a public B.C. company (the
“Optionee”) whereby the Optionee could acquire a 50% interest by paying the Company the sum of
USD 50,000, making the underlying USD 20,000 and USD 60,000 payments and incurring
cumulative exploration expenditures of USD 250,000. On November 2, 2004, the Optionee
returned the property to the Company and all funds advanced by the Optionee to the Company
(which was the operator) to incur exploration expenditures were returned to the Optionee.
On November 18, 2005, as a result of the inability of the Company to obtain safe and unrestricted
access to the Franco property in order to carry out exploration work, the Company declared an
event of force majeure, effective as and from September 19, 2005, thereby suspending all ongoing
obligations to make payments to the vendor or to incur any exploration expenditures. The Company
is attempting to resolve the issues giving rise to the force majeure but has, as of April 30, 2008,
been unable to do so. The Company plans to drill this property as soon as access is safe and
unrestricted.
As of October 31, 2007, the Company wrote off its remaining investment in the property in the
amount of $361,698.
viii. Corrales Property, Chihuahua State, Mexico
The Corrales property consists of one exploration concession (8,400 hectares) and one exploitation
concession (100 hectares) located in the Municipality of Lopez, Chihuahua State.
Pursuant to an agreement dated October 23, 2007 between the Company and three Mexican
individuals, the Company has been granted a five year lease of the exploration concession, with the
right to purchase a 100% interest by making aggregate payments of USD 657,000 over five years to
October 23, 2012, as follows:
- USD 24,000 on execution (paid);
- USD 18,000 on or before January 23, 2008 (paid);
- USD 15,000 on or before October 23, 2008;
- USD 60,000 on or before October 23, 2009;
- USD 90,000 on or before October 23, 2010;
- USD 100,000 on or before October 23, 2011; and
- USD 350,000 on or before October 23, 2012.
The Company is presently seeking a joint venture partner for the property and does not plan to
carry out any work in 2008.
(b) Argentina
i. Olaroz Silver Project, Jujuy Province, Argentina, consisting of the following concessions:
- Olaroz Chico and Tola Concessions, Jujuy Province, Argentina
Pursuant to an agreement dated May 8, 2002 (as amended on August 8, 2002) between the
Company and two Argentinean individuals, the Company had the right to earn a 100% interest
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
19
6. RESOURCE PROPERTIES (Continued)
(subject to a 2% NSR payable to the vendors) in two concessions upon making an aggregate of
USD 475,000 in payments. During the fiscal year ended October 31, 2004, the Olaroz Chico
and Tola Concessions were abandoned and $97,370 in associated acquisition and exploration
costs were written off. During the year ended October 31, 2006, the balance of the property
costs of $155,015 were written off.
ii. Chingolo Silver Project, Jujuy Province, Argentina, consisting of the following concessions:
- Cavok Property, Jujuy Province, Argentina
Pursuant to an agreement dated May 22, 2002 between the Company and a private Argentinean
company, the Company has the right to acquire a 100% interest in three mineral concessions in
Jujuy Province, Argentina, by making a payment of USD 10,000 on or before October 18,
2002 (paid) and issuing an aggregate of 250,000 common shares, as follows:
- 50,000 common shares on or before October 18, 2002 (issued);
- 100,000 common shares on or before October 18, 2003 (issued); and
- 100,000 common shares on or before October 18, 2006 (issued).
Two of these concessions form part of the Olaroz Silver Project (Note 6(b)(i)) and, during the
fiscal year ended October 31, 2004, these two concessions were written down by $4,381,701 to
a nominal value of $1. The third concession forms part of the Chingolo Silver Project.
- Cozzi Property, Jujuy Province, Argentina
Pursuant to an agreement dated December 9, 2002 between the Company and an Argentinean
individual, the Company purchased a 100% interest in three mineral concessions located in
Jujuy Province, Argentina, in consideration of 100,000 common shares (issued) to such
individual.
The Company considers the Chingolo Silver Project to be an active property although the
Company is presently seeking a joint venture partner and no work by the Company is planned
for 2008. As of October 31, 2007, the Company wrote off its remaining investment in the
property in the amount of $5,600.
iii. Cerro Atajo Project, Catamarca Province, Argentina
In order to acquire an interest in the Cerro Atajo Project, consisting of 17 mineral concessions in
Catamarca Province, Argentina, the Company entered into two agreements involving Sociedad
Minera Catamarquena de Economia Mixta (“Somicadem”), a governmental corporation owned as
to 51% by the Province of Catamarca and 49% by two private Argentinean companies (the
“Shareholders”). Somicadem is the holder of the Cerro Atajo property. The first of these
agreements was with respect to the acquisition by the Company of the interest of the Shareholders
in Somicadem and the second was with respect to the acquisition by the Company from Somicadem
of the rights to explore and exploit the property itself.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
20
6. RESOURCE PROPERTIES (Continued)
Pursuant to the first agreement, dated August 24, 2004 (as amended by an agreement dated
December 10, 2004), among the Company and the Shareholders, the Company had the option to
acquire the 49% of the issued capital stock of Somicadem from the Shareholders, together with all
of the interest of the Shareholders in their existing exploration, exploitation and Mining Lease
Agreements dated September 10, and 13, 1991 (collectively, the “Existing Lease”) with
Somicadem relating to the Cerro Atajo property. In order to exercise the option, the Company was
required to pay the Shareholders an aggregate of USD 11,650,000, and issue 1,750,000 common
shares to the Shareholders, as follows:
Payments
- USD 300,000 upon the Company having completed its due diligence (as provided for below)
following the Company having entered into a satisfactory amendment to the Existing Lease
(which occurred, and the payment was made, on January 12, 2005);
- USD 350,000 on or before January 12, 2006 (paid);
- USD 1,000,000 on or before January 12, 2007;
- USD 2,000,000 on or before January 12, 2008;
- USD 3,000,000 on or before January 12, 2009; and
- USD 5,000,000 on or before January 12, 2010.
Share Issuances
- 100,000 common shares on or before January 12, 2006 (issued);
- 150,000 common shares on or before January 12, 2007;
- 500,000 common shares on or before January 12, 2008; and
- 1,000,000 common shares on or before January 12, 2009.
At the election of the Company, it could settle the obligation to issue some or all of the foregoing
common shares by making payments to the Shareholders equal to USD 5 per share (up to
USD 8,750,000 in total).
Pursuant to the second agreement, which was a modification agreement dated January 12, 2005
among the Shareholders, Somicadem and the Company to amend the Existing Lease, the Company
had the right to carry out prospecting, exploration, development and exploitation activities at Cerro
Atajo, and the option to enter into a 40-year mining lease. In order to maintain the exploration
rights and option to enter into a mining lease in good standing, the Company was required to
complete the following:
Payments to the Province of Catamarca aggregating USD 550,000, as follows:
- USD 50,000 on execution of the modification agreement (paid);
- USD 100,000 on or before January 12, 2007;
- USD 100,000 on or before January 12, 2008;
- USD 100,000 on or before January 12, 2009;
- USD 100,000 on or before January 12, 2010; and
- USD 100,000 on or before January 12, 2011.
Exploration expenditures of not less than USD 1,525,000 on or before January 12, 2011 (to be
incurred in carrying out a prescribed program of work).
If the Company exercised the mining lease option (which must be exercised on or before March 12,
2011), it would be required to make aggregate payments of USD 27,000,000 to the Province of
Catamarca, as follows:
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
21
6. RESOURCE PROPERTIES (Continued)
- USD 10,000,000 following a production decision and prior to the commencement of
production; and
- USD 17,000,000 during the first two years of production.
In addition, the Company would be required to pay to the Province of Catamarca a royalty
consisting of 15% of the net profits realized by the Company from the exploitation of the property.
During the year ended October 31, 2006, the Cerro Atajo Project was abandoned and $1,137,656 in
associated acquisition and exploration costs was written off.
iv. Cerro Juncal Property, Salta Province, Argentina
Pursuant to an agreement dated November 12, 2004 between the Company and a private
Argentinean company, the Company had the right to acquire a 100% interest, subject to a 0.5%
NSR to the vendor, in two mineral concessions (approximately 2,600 hectares) in Salta Province,
Argentina, in consideration of payment to the vendor of USD 2,000,000 on or before the date that is
three years after the Company commences exploration on the property. Prior to the exercise of the
purchase option, the Company was required to pay the vendor an aggregate of USD 360,000 in
order to keep the purchase option in good standing, as follows:
- USD 25,000 on signing (paid);
- USD 60,000 on or before November 12, 2005 (paid);
- USD 50,000 on or before May 12, 2006 (paid);
- USD 75,000 on or before November 12, 2006; and
- USD 150,000 on or before May 12, 2007.
If the Company exercised the option to purchase the property prior to May 12, 2007, the
requirement to make any remaining option payments outlined above ceased. Commencing with the
fifth year after execution of the agreement if, in such year or any subsequent year prior to the
exercise of the purchase option, the vendor has not received at least USD 100,000 pursuant to the
NSR in such year, the Company is required to pay to the vendor the difference between USD
100,000 and the amount received by the vendor pursuant to the NSR. The Company had the option
to purchase the 0.5% NSR at any time for the sum of USD 1,000,000.
As a result of the status of ongoing negotiations concerning the property, the Company did not
make the November 12, 2006 payment. As a consequence, the property was returned to the vendor,
and accordingly, $394,172 was written off as at October 31, 2006.
v. Huachi Property, Argentina
Pursuant to an agreement dated June 13, 2005 between the Company and a private Argentinean
company, the Company can acquire a 100% interest in 30 mining concessions referred to as the
Huachi Property in the Province of San Juan, Argentina. In order to maintain the option in good
standing and to be permitted to carry out exploration activities prior to such exercise, the Company
is required to make payments and incur exploration expenditures as follows:
Payments of USD 5,500,000, as follows:
- USD 70,000 on June 13, 2005 (paid);
- USD 70,000 on or before April 13, 2006 (paid);
- USD 200,000 on or before June 13, 2007 (paid);
- USD 600,000 on or before April 13, 2008; (under renegotiaition)
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
22
6. RESOURCE PROPERTIES (Continued)
- USD 1,000,000 on or before June 13, 2009; and
- USD 3,560,000 on or before June 13, 2010.
Exploration expenditures of USD 2,000,000, as follows:
- USD 750,000 on or before December 13, 2007 (incurred); and
- USD 1,250,000 on or before June 13, 2010.
Pursuant to an agreement dated November 30, 2006 between the Company and an Argentinean
individual, the Company can acquire a 50% interest in one mining concession (mina) adjacent to
the 30 Huachi concessions noted above. In order to maintain the option in good standing, to be
permitted to carry out exploration activities prior to such exercise, and to exercise the option, the
Company is required to make aggregate payments of USD 965,000 to the vendor, as follows:
- USD 5,000 on signing (paid);
- USD 10,000 on November 30, 2007 (subsequently paid);
- USD 50,000 on November 30, 2008;
- USD 150,000 on November 30, 2009;
- USD 250,000 on November 30, 2010; and
- USD 500,000 on November 30, 2011.
The Company is currently seeking a joint venture partner for the Huachi property, and does not
presently plan to carry out any further work.
vi. Sediment Hosted Vein (SHV) Project, northwestern Argentina. The SHV project is an exploration
program based on a specific geological model, and involves an initial reconnaissance program,
followed by the acquisition of properties believed to be prospective for this type of deposit. During
the year ended October 31, 2006, the Company acquired interests in, or the right to acquire an
interest in, 11 separate properties that, together, make up the Company’s SHV Project. Additional
properties may be acquired, as reconnaissance and property evaluation is ongoing. Details of the
existing properties (all of which are considered active properties, with work programs either
ongoing or planned for 2008) are as follows:
a. Incahuasi Property, Catamarca Province, Argentina. The Incahuasi Property presently consists of
two separate project areas – Incahuasi and San Antonio. The Incahuasi project consists of five
minas (exploitation concession), four cateos (exploration concession) and one tailings concession
(approximately 2,832 hectares) located in Catamarca Province, Argentina, and acquired by the
Company as follows:
Pursuant to an agreement with an Argentinean individual dated April 29, 2006, the Company has
the option to acquire a 100% interest in four minas (two of which form part of the Incahuasi project
area and two of which form part of the San Antonio project area) and one tailings concession by
making aggregate payments of USD 1,410,000 over five years, as follows:
- USD 20,000 on or before May 29, 2006 (paid);
- USD 30,000 on or before November 29, 2006 (paid);
- USD 60,000 on or before May 29, 2007 (paid);
- USD 100,000 on or before May 29, 2008;
- USD 200,000 on or before May 29, 2009;
- USD 400,000 on or before May 29, 2010; and
- USD 600,000 on or before May 29, 2011.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
23
6. RESOURCE PROPERTIES (Continued)
The property is subject to a 2% NSR to the vendor, which the Company can purchase at any time
for USD 500,000.
Pursuant to an agreement dated April 29, 2006 between the Company and the vendor of the
foregoing properties, the Company and the vendor have also applied for three abandoned minas
originally held by a third party in which each of the Company and the vendor will have an initial
50% interest (subject to the grant thereof by the applicable mining tribunal). The Company will
acquire the 50% interest of the vendor in such minas upon the exercise of the option with respect to
the vendor’s properties as set out above. The Company has the right to acquire the vendor’s 50%
interest by making aggregate payments of USD 1,410,000 over 5 years, as follows:
- USD 20,000 on or before September 19, 2006 (paid);
- USD 30,000 on or before March 29, 2007 (paid);
- USD 60,000 on or before September 19, 2007 (paid);
- USD 100,000 on or before September 19, 2008;
- USD 200,000 on or before September 19, 2009;
- USD 400,000 on or before September 19, 2010; and
- USD 600,000 on or before September 19, 2011.
The property is subject to a 2% NSR to the vendor, which the Company can purchase at any time
for USD 500,000.
The San Antonio project area consists of two minas (being acquired subject to the first agreement
noted above) plus two additional cateos surrounding such minas.
The Company is presently reviewing its plans for this property.
b. Salar de Oro Property, Jujuy Province, Argentina. The Salar de Oro Property consists of three
project areas – Sala de Oro, Salar de Oro North and Salar de Oro East. The Salar de Oro Project
area consists of three continuous cateos and eleven minas (approximately 38,501 hectares) located
in Jujuy Province, Argentina, and acquired by the Company as follows:
Pursuant to an agreement dated July 11, 2006 (as amended April 16, 2007 and September 5, 2007)
between the Company and a private Argentinean company, the Company has the option to acquire
a 100% interest (excluding surficial placer rights) in the 11 minas by making aggregate payments of
USD 2,470,000 over four years to May 3, 2010, as follows:
- USD 35,000 on April 4, 2006 (paid);
- USD 67,500 on September 3, 2007 (paid)
USD 67,500 on November 4, 2007 (paid);
- USD 300,000 on or before May 3, 2008;
- USD 300,000 on or before May 3, 2009; and
- USD 1,700,000 on or before May 3, 2010.
In addition to the foregoing, the Company has staked and applied for three cateos surrounding the
foregoing property.
The Salar de Oro North project area consists of six minas and one cateo applied for by the
Company (approximately 21,521 hectares). The Salar de Oro East project area consists of one
cateo applied for by the Company (approximately 496 hectares).
During the six months ended April 30, 2008, the property was abandoned and $683,365 in
associated acquisition and exploration costs was written off.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
24
6. RESOURCE PROPERTIES (Continued)
c. Il Torno Property, Jujuy Province, Argentina. The Il Torno Property consists of four minas
(approximately 5,046 hectares) located in Jujuy Province, Argentina, and acquired by the Company
as follows:
Pursuant to an agreement dated October 3, 2006 between the Company and an Argentinean
individual, the Company has the option to acquire a 100% interest (excluding surficial placer rights
to a portion of the property) in the four minas for USD 3,000,000. In order to maintain the option
in good standing and to be able to explore the property prior to the exercise of the option (which
must be exercised, if at all, on or before December 3, 2010), the Company is required to make the
following payments:
- USD 30,000 on signing (paid);
- USD 30,000 on or before April 3, 2007;
- USD 50,000 on or before October 3, 2007;
- USD 50,000 on or before April 3, 2008;
- USD 100,000 on or before October 3, 2008;
- USD 100,000 on or before April 3, 2009;
- USD 100,000 on or before October 3, 2009;
- USD 100,000 on or before April 3, 2010;
- USD 150,000 on or before October 3, 2010; and
- USD 200,000 on or before December 3, 2010.
The property is subject to a 2% NSR to the vendor, which the Company can purchase at any time
for USD 2,000,000. The Company is required (subject to receipt of approval of the required
environmental impact statement) to commence prospecting work on or before January 3, 2007, and
to formulate and implement a work program on the property on or before October 3, 2007. As of
October 31, 2007, the Company wrote off its investment in the property in the amount of $161,008.
d. Rinconada North Property, Jujuy Province, Argentina. The Rinconada North Property presently
consists of three cateos (approximately 7,071 hectares) located in Jujuy Province, Argentina, and
acquired by the Company as follows:
Pursuant to an agreement with a private Argentinean company dated May 2, 2006, the Company
has the option to acquire a 100% interest in one cateo (excluding surficial placer rights for a period
of five years) by making aggregate payments of USD 350,000 over five years, as follows:
- USD 7,000 on or before June 2, 2006 (paid);
- USD 14,000 on or before November 2, 2006 (paid);
- USD 14,000 on or before June 2, 2007 (paid);
- USD 28,000 on or before June 2, 2008;
- USD 56,000 on or before June 2, 2009;
- USD 91,000 on or before June 2, 2010; and
- USD 140,000 on or before June 2, 2011.
Pursuant to an agreement dated May 2, 2006 between the Company and four Argentinean
individuals (as amended by an agreement dated May 17, 2006), the Company has the option to
acquire a 100% interest in two minas and one cateo (excluding surficial placer rights for a period of
five years) by making aggregate payments of USD 500,000 over five years, as follows:
- USD 10,000 on or before June 2, 2006 (paid);
- USD 20,000 on or before November 2, 2006 (paid);
- USD 20,000 on or before May 2, 2007;
- USD 40,000 on or before May 2, 2008;
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
25
6. RESOURCE PROPERTIES (Continued)
- USD 80,000 on or before May 2, 2009;
- USD 130,000 on or before May 2, 2010; and
- USD 200,000 on or before May 2, 2011.
Effective April 20, 2007, the Company terminated the second agreement noted above and returned
the property to the vendors. In addition to the one mina subject to the first option agreement noted
above, the Company has staked and applied for two additional cateos. As of October 31, 2007, the
Company wrote off its remaining investment in the property in the amount of $165,257.
e. Rinconada Property, Jujuy Province, Argentina. The Rinconada Property presently consists of
three minas and five cateos (approximately 23,759 hectares) located in Jujuy Province, Argentina,
and acquired by the Company as follows:
Pursuant to an agreement with a private Argentinean company dated September 19, 2006, the
Company has the option to acquire a 100% interest in one mina by making aggregate payments of
USD 380,000 over five years, as follows:
- USD 18,000 on or before September 19, 2006 (paid);
- USD 12,000 on or before February 19, 2007 (paid);
- USD 20,000 on or before September 19, 2007 (paid);
- USD 40,000 on or before September 19, 2008;
- USD 70,000 on or before September 19, 2009;
- USD 90,000 on or before September 19, 2010; and
- USD 130,000 on or before September 19, 2011.
Pursuant to an agreement dated May 2, 2006 between the Company and an Argentinean individual,
the Company has the option to acquire a 100% interest in two minas for USD 940,000. In order to
maintain the option in good standing and to be able to explore the property prior to the exercise of
the option (which must be exercised, if at all, on or before September 2, 2010), the Company is
required to make the following payments:
- USD 15,000 on or before June 2, 2006 (paid);
- USD 15,000 on or before July 2, 2006 (paid);
- USD 15,000 on or before August 2, 2006 (paid);
- USD 15,000 on or before November 2, 2006 (paid);
- USD 60,000 on or before August 2, 2007 (paid);
- USD 60,000 on or before April 2, 2008; (postponed)
- USD 60,000 on or before November 2, 2008;
- USD 80,000 on or before November 2, 2009;
- USD 80,000 on or before February 2, 2010; and
- USD 600,000 on or before September 2, 2010.
In addition to the foregoing, the Company has staked and applied for five cateos adjoining the
foregoing property (four of which were previously referred to as the “El Carmen” project).
f. Oros Mayo Property, Jujuy Province, Argentina. The Oros Mayo Property presently consists of
one cateo (approximately 4,010 hectares) located in Jujuy Province, Argentina, and acquired by the
Company through the staking and application therefor.
g. 5C1 South Property, Jujuy Province, Argentina. The 5C1 South Property presently consists of one
cateo (approximately 8,778 hectares) located in Jujuy Province, Argentina, and acquired by the
Company through the staking and application therefor.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
26
6. RESOURCE PROPERTIES (Continued)
h. Rosario Sur, Jujuy Province, Argentina. The Rosario Sur Property presently consists of two cateos
(approximately 2,603 hectares) located in Jujuy Province, Argentina, and acquired by the Company
through the staking and application therefor.
i. Rosario Norte Property, Jujuy Province, Argentina. The Rosario Norte Property presently consists
of two cateos (approximately 8,757 hectares) located in Jujuy Province, Argentina, and acquired by
the Company through the staking and application therefor.
j. Zenteno Property, Salta Province, Argentina. The Zenteno Property presently consists of one mina
located in Salta Province (approximately 986 hectares) acquired by the Company from an
Argentinean individual for aggregate payments of USD 22,750.
k. Mina Azules Property, Jujuy Province, Argentina. The Mina Azules property presently consists of
two minas (360 hectares) located in Jujuy Province. Pursuant to an agreement dated August 10,
2007 between the Company and an Argentinean individual, the Company may acquire a 100%
interest in the minas for aggregate payments of USD 1,410,000 over 38 months, as follows:
- USD 20,000 on execution (paid);
- USD 50,000 on or before August 10, 2008;
- USD 110,000 on or before August 10, 2009;
- USD 230,000 on or before February 10, 2010; and
- USD 1,000,000 on or before October 10, 2010.
l. La Poma Property, Salta Province, Argentina. The La Poma property presently consists of six
minas (approximately 3,803 hectares) located in Salta Province. Pursuant to an agreement dated
October 1, 2007 between the Company and two Argentinean individuals, the Company may acquire
a 100% interest in the minas for aggregate payments of USD 1,170,000 over five years, as follows:
- USD 20,000 on or before October 11, 2007; (paid)
- USD 100,000 on or before October 1, 2008;
- USD 150,000 on or before October 1, 2009;
- USD 200,000 on or before October 1, 2010;
- USD 350,000 on or before October 1, 2011; and
- USD 350,000 on or before October 1, 2012.
m. Faja Eruptiva Norte, Jujuy Province, Argentina. The Faja Eruptiva Norte Property presently
consists of two cateos (approximately 10,400 hectares) located in Jujuy Province, Argentina and
acquired by the Company through staking and application therefor.
n. Faja Eruptiva Sur, Jujuy Province, Argentina. The Faja Eruptiva Sur Property presently consists of
two cateos (approximately 9,696 hectares) located in Jujuy Province, Argentina and acquired by the
Company through staking and application therefor.
vii. Other Argentinean Properties
a. - Organullo Property, Salta Province, Argentina
Pursuant to an agreement dated October 1, 2004 between the Company and an Argentinean
individual, the Company purchased a 100% interest in eight minas concessions in Salta
Province, Argentina, in consideration of the issuance of 70,000 common shares. These
common shares were issued during the fiscal year ended October 31, 2005.
The Company considers this an active project; however, no work programs are currently
planned.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
27
6. RESOURCE PROPERTIES (Continued)
b. - Los Manantiales Property (formerly, “Mina Angela”), Chubut Province, Argentina
Pursuant to an agreement dated April 25, 2004 between the Company and a private
Argentinean company, the Company can acquire a 100% interest in 44 mineral concessions in
Chubut Province, Argentina, subject to a 1% NSR to the vendor, in consideration of aggregate
cash payments to the vendor of USD 400,000, as follows:
- USD 50,000 on or before April 25, 2005 (paid);
- USD 50,000 on or before April 25, 2006 (renegotiated, with $10,000 paid on April 25,
2006 and the balance of US$40,000 paid on October, 2006);
- USD 150,000 on or before April 25, 2007 (paid); and
- USD 150,000 on or before April 25, 2008 (paid).
The Company is required to carry out a program of work on the property as agreed between the
vendor and the Company, but the extent and cost thereof have not yet been agreed. The
Company has the option to purchase the 1% NSR royalty from the vendor for the sum of USD
500,000 at any time.
Pursuant to a binding letter of intent dated March 12, 2007, the Company has granted to a
public company the option to acquire up to a 70% interest in the property. Pursuant to the
letter of intent, the optionee had a period of 60 days to carry out due diligence. The Company
received a payment of USD 40,000 on the signing of the letter of intent, which was refundable
to the optionee if it declined to proceed. The optionee elected to proceed. The optionee may
earn an initial 60% interest in the property by incurring an aggregate of USD 3,500,000 in
expenditures over four years (including making all payments required pursuant to the
underlying agreement). Upon the optionee having earned an initial 60% interest, the Company
may elect to either participate at its 40% interest level, or request the optionee to fund the
preparation of a bankable feasibility study within four years of such request and thereby earn
an additional 10% interest in the joint venture. Upon such request being made by the
Company, the optionee may either elect to fund the bankable feasibility study or not. If it does
so, it will earn the additional 10% interest upon completion of the bankable feasibility study.
Following the formation of the joint venture and the completion of its earn-in requirements by
the optionee, each participant is responsible for funding its share of joint venture expenditures.
If it does not do so, its interest will be diluted. Upon the interest of a participant being diluted
to less than 10%, such interest will be converted to a 2% net smelter return royalty.
In June, 2007, the optionee elected to make all remaining payments required under the
underlying agreement, and thereby permit the Company to exercise the option and acquire the
property (subject to the 1% NSR royalty). The property has been transferred to the Company,
and is in the process of being transferred by the Company to a special purpose Argentinean
joint venture company owned jointly by the Company and the optionee.
(c) Pirquitas Property, Jujuy Province, Argentina.
The Pirquitas Property consists of one cateo (approximately 4,382 hectares) near the town of
Minas Pirquitas. The property was acquired by the Company through staking and application
therefor.
The Company has reached an agreement with an Australian private company, whereby the
optionee may earn a 55% interest in the Pirquitas Property by incurring exploration
expenditures of USD 1,000,000 over four years, of which USD 50,000 must be incurred in the
first year. Following the optionee having earned its interest, the parties will enter into a joint
venture, and thereafter each party is required to contribute its proportional share of further
expenditures or be diluted on a straight-line basis. The agreement is subject to the execution of
formal documentation (currently being drafted);
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
28
6. RESOURCE PROPERTIES (Continued)
(c) Peru
i. Marcona Project, Lucanas, Nazca and Caraveli Provinces, Peru (Carbonera and Daniella
Properties)
Pursuant to option agreements dated October 1, 2003 and October 23, 2003 between the Company
and a private Peruvian company, the Company acquired mineral concessions covering
approximately 30,000 hectares in Lucanas, Nazca and Caraveli Provinces, Peru. Approximately
10,500 hectares of these concessions are subject to an underlying agreement with Rio Tinto Mining
and Exploration Limited (“Rio Tinto”). The private company holds the exclusive right and option
to acquire a 100% interest from Rio Tinto, subject to a 0.5% NSR to Rio Tinto, by incurring USD
450,000 in exploration expenditures over three years ending August 22, 2006 and by paying Rio
Tinto USD 500,000 (of which USD 50,000 has been paid) on or before January 27, 2008. The
Company can earn a 100% interest in all 30,000 hectares by assuming and performing all
commitments to Rio Tinto pursuant to the underlying agreement, paying the vendor an aggregate of
USD 120,000 (paid) and issuing an aggregate of 650,000 common shares to the vendor, as follows:
- 150,000 common shares on TSXV acceptance (issued);
- 100,000 common shares on or before May 28, 2004 (issued);
- 200,000 common shares on or before November 28, 2004 (issued); and
- 200,000 common shares on or before November 28, 2005 (issued).
The Company considers this an active project; however, no work programs are currently planned.
As of October 31, 2007, the Company wrote down its investment in the property by $1,890,172.
ii. Pampa de Pongo Property, Caraveli Province, Peru
Pursuant to an option agreement dated February 2, 2004 between the Company and a private
Peruvian company, the Company can acquire a 100% interest in mineral concessions covering
approximately 8,000 hectares in Caraveli Province, Peru. The private Peruvian company holds the
exclusive right and option to acquire a 100% interest in these concessions from Rio Tinto in
consideration of the payment to Rio Tinto of aggregate payments of USD 500,000 over four years
as follows:
- USD 50,000 on or before January 27, 2005 (paid);
- USD 50,000 on or before January 27, 2006 (paid);
- USD 100,000 on or before January 27, 2007 (paid); and
- USD 300,000 on or before January 27, 2008 (paid).
The Company can earn a 100% interest in the property by assuming all of the obligations of the
private company pursuant to the underlying agreement with Rio Tinto, and making the following
payments and share issuances:
Payments aggregating USD 130,900 as follows:
- USD 65,900 on or before March 12, 2004 (for back taxes on the property) (paid); and
- USD 65,000 on or before March 12, 2004 (paid).
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
29
6. RESOURCE PROPERTIES (Continued)
Issuance of an aggregate of 70,000 common shares, as follows:
- 35,000 shares on or before March 12, 2004 (issued); and
- 35,000 shares on or before September 12, 2004 (issued).
The Company gave notice to Rio Tinto that it was exercising the option, and has made the final
USD 300,000 payment to do so. Rio Tinto has acknowledged receipt of this payment and is in the
process of transferring the property to the Company. The Company considers this an active project,
and plans a drilling program in 2008.
iii. Katanga Property, Chumbirilcas Province, Peru
Pursuant to an option agreement dated October 1, 2004 between the Company and a private
Peruvian company, the Company can acquire a 100% interest in approximately 9,560 hectares of
mineral concessions in Chumbirilcas Province, Peru.
The private Peruvian company holds the exclusive right and option to acquire a 100% interest in
these concessions from a group of vendors comprised of three private Peruvian companies and two
Peruvian individuals (“Underlying Vendors”). The private Peruvian company has the right to
acquire a 100% interest in the subject concessions in consideration of aggregate payments of USD
1,900,000 over five years. The Company can acquire a 100% interest in the concessions by
assuming the obligations of the private Peruvian company to the Underlying Vendors and making
aggregate payments to the private Peruvian company of USD 501,000, as follows:
- USD 261,000 on or before the execution of the agreement (paid); and
- USD 240,000, as to USD 10,000 on or before November 1, 2004 and as to the balance on or
before the first day of each succeeding month (paid).
The Company has returned a significant portion of the underlying claims to the vendor and,
accordingly, has recognized a write-down of $248,294 during the year ended October 31, 2006. As
a consequence, the Underlying Vendor has agreed to renegotiate the USD 1,900,000 purchase
price, and the Company has not been required to make further payments (including the USD
100,000 payment originally due June 30, 2006) while such renegotiations are ongoing. The balance
of the property continues to be evaluated for further exploration potential. As of October 31, 2007,
the Company wrote down its remaining investment in the property in the amount of $385,013.
iv. Iron Sands Project, Nazca Province, Peru
The Company’s Iron Sands Project consists of approximately 32,000 hectares of unconsolidated
and semi-consolidated mineral bearing sands, the rights to which are encompassed by the mineral
claims comprising the Carbonera and Daniella properties (Note 6(c)(i)), and an additional 39
mineral claims acquired by staking at a cost of USD 77,000, in the Department of Arequipa, Peru.
In addition to the foregoing, the Company has assumed, from a private Peruvian company, all
rights and obligations under an agreement dated December 16, 2005 between a private Peruvian
company and Minera Ataspacas S.A., an arm’s length private Peruvian company, whereby the
private Peruvian company has the option to acquire, from Minera Ataspacas, an initial 70% interest
in five mineral sand concessions (3,500 hectares total) situated immediately adjacent to the
Company’s mineral tenures noted above. In order to exercise the option, the Company is required
to pay a total of USD 2,500,000 over five years to December 15, 2010 (with an initial payment of
USD 20,000 on or before December 16, 2005 (paid)) and incur exploration expenditures of not less
than USD 250,000 over the same period. Upon the Company having acquired the 70% interest, a
joint venture company will be formed with Minera Ataspacas, and each party will thereafter be
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
30
6. RESOURCE PROPERTIES (Continued)
required to contribute its share of ongoing expenditures or be diluted. If either party is diluted to
less than 10%, such interest will be converted to a 2% NSR royalty. If Minera Ataspacas is
reduced to the 2% NSR, the Company may purchase half the NSR (1%) for USD 2,000,000 within
24 months of the exercise of the option, and the remaining half (1%) for USD 8,000,000 within 36
months of the exercise of the option.
The Company has entered into an agreement dated October 20, 2005 with the Peruvian subsidiary
of a public B.C. company (the “Optionee”), whereby the Company has granted the Optionee the
right to earn a 70% interest in the “hard rock” mineral rights (thereby excluding the unconsolidated
and semi-consolidated mineral sands on such claims) accruing to the mineral claims comprising the
Iron Sands Project. In order to exercise the option, the Optionee is required to incur an aggregate
of USD 3,000,000 in expenditures over four years to November 18, 2009 and perform all of the
obligations of the Company under the underlying agreements with respect to the Carbonera and
Daniella properties (Note 6(c)(i)), including making all payments and incurring all exploration
expenditures required thereunder. Upon the Optionee having earned its 70% interest, the Optionee
and the Company will incorporate a new Peruvian company to hold such rights, in which the
Optionee and the Company will hold a 70% and a 30% interest therein, respectively. Each party
will thereafter be required to contribute its pro rata share of future expenditures, and a party failing
to contribute will have its interest in the joint venture company diluted. At such point as a party’s
interest in the joint venture company is reduced to 10%, such interest will be acquired by the joint
venture company in exchange for the grant to the diluted party of a 1% NSR. The Optionee has
terminated the agreement, effective April 16, 2007.
The Company is currently actively exploring this property with work programs planned for 2008.
v. Corongo Project, Huanuco Province, Peru
Pursuant to an option agreement between the Company and a private Peruvian company made as of
May 15, 2005, the Company has the option to acquire a 100% interest in 10 mineral claims located
in the Department of Ancash, Peru covering approximately 6,400 hectares by making a payment of
USD 40,000 upon signing (paid) and issuing an aggregate of 300,000 common shares, as follows:
- 100,000 shares on or before 10 days after the date of regulatory acceptance (issued);
- 100,000 shares on or before November 15, 2006 (issued); and
- 100,000 shares on or before May 15, 2008.
As of October 31, 2007, the Company wrote down its investment in the property by $569,717.
vi. Bocana Property, Peru
Pursuant to an option agreement dated August 1, 2006, between the Company, a Peruvian
individual and a private Panamanian corporation, the Company has the right to acquire a 75%
interest in two mining concessions (approximately 1,795 hectares). In order to maintain the option
in good standing and to be permitted to carry out exploration activities prior to such exercise, the
Company is required to make payments and incur exploration expenditures as follows:
Payments of USD 500,000, as follows:
- USD 50,000 on signing (paid);
- USD 100,000 on or before August 1, 2007(paid);
- USD 150,000 on or before August 1, 2008; and
- USD 200,000 on or before August 1, 2009.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
31
6. RESOURCE PROPERTIES (Continued)
In addition to the foregoing, the agreement requires aggregate payments of USD 120,000 (USD
5,000 per month) to a third party (a private Florida corporation) for a period of 24 months
following the execution of the agreement (all of which have been paid for the fiscal year ending
October 31, 2007 and for the subsequent period up to April 30, 2008).
Cumulative exploration expenditures of USD 1,850,000, as follows:
- USD 350,000 on or before August 1, 2007 (postponed);
- USD 850,000 on or before August 1, 2008; and
- USD 1,850,000 on or before August 1, 2009.
Upon the Company having exercised the option, the property will be transferred to a new private
Peruvian company, in which the Company will have a 75% interest and the vendor will have a 25%
interest. The Company is responsible for funding 100% of the expenditures incurred by the new
company (the interest of the vendor therein being “carried”). The Company will have the option to
acquire the 25% interest of the vendor in the new company for the sum of USD 2,500,000 at any
time after the Company exercises the option to acquire the initial 75% interest.
The Company considers this an active project however no work programs are currently planned.
vii. Amable Maria Property, Peru. The Amable Maria Property consists of 37 mining concessions
(approximately 29,620 hectares) located in the Provinces of Chanchamayo and Jauja, Department
of Junin, Peru, and acquired by the Company through staking and application therefor. The
Company does not presently plan any work programs on the property, and is seeking a joint venture
partner.
(d) Chile
Pedernales Property, Chile. The Pedernales Property consists of two exploitation concessions. Pursuant to
an agreement dated December 27, 2007, the Company has the right to acquire a 100% interest, subject to a
3% NSR royalty, for aggregate payments of USD 7,300,000 over five years, as follows:
- USD 20,000 on execution ( paid);
- USD 20,000 on or before January 4, 2008 (paid);
- USD 60,000 on or before January 27, 2008;
- USD 200,000 on or before July 31, 2008;
- USD 400,000 on or before July 31, 2009;
- USD 600,000 on or before July 31, 2010;
- USD 1,000,000 on or before July 31, 2011; and
- USD 5,000,000 on or before July 31, 2012.
The Company can exercise the option at any time upon payment of USD 5,000,000, following which no
additional payments are required. The Company has the right to buy one-half (1.5%) of the 3% NSR royalty
for a payment of USD 5,000,000. After the exercise of the option, the Company is required to pay advance
minimum royalties of USD 1,000,000 per year for the first three years, which amounts are recoupable from
the production royalties. The owner has the right to mine “non-metallic” ores.
As at April 30, 2008, the Company returned the property to its owner. All costs with respect to this property
have been expensed as property evaluation.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
32
6. RESOURCE PROPERTIES (Continued)
(e) Title and environmental
Although the Company has taken steps to verify the title to mineral properties in which it has or has a right
to acquire an interest in accordance with industry standards for the current stage of exploration of such
properties, these procedures do not guarantee title (whether of the Company or of any underlying vendor(s)
from whom the Company may be acquiring its interest). Title to mineral properties may be subject to
unregistered prior agreements or transfers, and may also be affected by undetected defects or the rights of
indigenous peoples. Environmental legislation is becoming increasingly stringent and costs and expenses of
regulatory compliance are increasing. The impact of new and future environmental legislation on the
Company’s operations may cause additional expenses and restrictions. If the restrictions adversely affect the
scope of exploration and development on the mineral properties, the potential for production on the property
may be diminished or negated.
(f) Asset retirement obligations (“ARO”):
The Company is not aware of any AROs as of April 30, 2008 and October 31, 2007.
7. CAPITAL STOCK
(a) Authorized
An unlimited number of common shares without par value
(b) Private placements
On January 12, 2007, the Company closed a non-brokered private placement of 1,500,000 units and on
January 23, 2007 the Company closed a brokered private placement of 2,200,000 units. In each placement
the units were sold at $1.50 per unit, and a unit consisted of one common share and one-half of a warrant,
with one whole warrant being exercisable to purchase an additional common share at a price of $2.00 for a
period of 18 months. The net proceeds from the private placements totalled $5,268,170. The Company
issued 89,000 units valued at $1.50 per unit to the agent. The Company also granted 176,000 compensation
options under the brokered private placement entitling the agent to purchase 176,000 common shares at a
price of $1.75 for a period of 18 months. The Company paid finders or agents’ fees of $116,333 and
$134,620 for the non-brokered and brokered financings respectively, together with legal costs of $30,877.
Non-cash costs totalled $254,580 comprised of $133,500 in agent compensation shares and $121,080 in
stock-based compensation related to the warrants and compensation options.
On February 29, 2008, the Company closed a brokered private placement of 5,150,000 units and a nonbrokered
private placement of 2,351,000 units. In each placement, the units were sold at $1.10 per unit, and
each unit consisted of one common share and one-half of a warrant, and with one whole warrant being
exercisable to purchase an additional common share at a price of $1.50 for a period of 24 months. The net
proceeds from the private placements totalled $7,388,413. The Company paid a cash commission of
$735,088 and issued 50,000 units valued at $1.10 per unit to the agent, together with legal costs of $127,601.
The Company also issued 515,000 agent’s warrants in the brokered financing and 235,100 finder’s warrants
in the non-brokered financing. Each of such warrants is exercisable to acquire one common share for a
period of 24 months at a price of $1.35.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
33
7. CAPITAL STOCK (Continued)
(c) Share purchase warrants
The following common share purchase warrants entitle the holders thereof the right to purchase one
common share for each warrant. Warrants outstanding are as follows:
April 30, 2008
October 31, 2007
(audited)
Number of
Warrants
Weighted
Average
Exercise
Price
Number of
Warrants
Weighted
Average
Exercise
Price
Warrants exercisable, beginning of period 1,894,500 $ 2.00 - $ -
Expired - - - -
Issued 4,525,600 1.48 1,894,500 2.00
Warrants exercisable, end of period 6,420,100 $ 1.63 1,894,500 $ 2.00
(d) Stock options
The Company has a stock option plan whereby the Company may grant options to directors, officers,
employees and consultants to purchase common shares, provided that the number of shares subject to such
options may not exceed 10% of the common shares outstanding at the time of any grant (not including agent
or broker options). The exercise price of each option is equal to or higher than the market price of the
Company’s common shares at the date of the grant. The option term and vesting period is determined by the
board of directors within regulatory guidelines. All options are granted at fair value.
A summary of the status of the stock option plan as of April 30, 2008 and October 31, 2007, and changes
during the periods ended on those dates is presented below:
April 30, 2008
October 31, 2007
(audited)
Number of
Shares
Weighted
Average
Exercise Price
Number of
Shares
Weighted
Average
Exercise Price
Options outstanding, opening 4,906,000 $2.02 4,150,800 $2.51
Expired and cancelled - (1,680,800) (3.80)
Exercised (487,500) 1.82 (190,000) (1.73)
Granted 500,000 1.50 2,626,000 1.90
Options outstanding, ending 4,918,500 $2.32 4,906,000 $2.02
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
34
7. CAPITAL STOCK (Continued)
Stock options outstanding are as follows:
April 30, 2008
October 31, 2007
(audited)
Expiry Date
Exercise
Price
Number of
Shares
Exercisable
at Year
End
Exercise
Price
Number of
Shares
Exercisable
at Year
End
May 2, 2008 $ 2.80 950,000 950,000 $ 2.80 950,000 950,000
July 23, 2008 $ 1.75 176,000 176,000 $ 1.75 176,000 176,000
August 4, 2008 $ 1.95 1,275,000 1,275,000 $ 1.95 1,275,000 1,275,000
October 12, 2008 $ 1.70 - - $ 1.70 300,000 300,000
November 30, 2008 $ 2.00 412,500 412,500 $ 2.00 600,000 600,000
December 20, 2008 $ 1.70 255,000 255,000 $ 1.70 255,000 255,000
April 11, 2009 $ 3.28 100,000 100,000 $ 3.28 100,000 100,000
September 7, 2009 $ 1.47 900,000 900,000 $ 1.47 900,000 900,000
October 3, 2009 $ 1.91 350,000 350,000 $ 1.91 350,000 350,000
January 16, 2010 $ 1.50 500,000 500,000 $ - - -
4,918,500 4,918,500 4,906,000 4,906,000
(d) Stock options (continued)
The Company uses the fair value method for determining stock-based compensation for all options granted
during the fiscal periods. The fair value was determined using the Black-Scholes option pricing model
based on the following assumptions.
Period Ended
April 30, 2008
Year Ended
October 31, 2007
(audited)
Year Ended
October 31, 2006
(audited)
Expected life (years) 2.00 1.97 2.0
Interest rate 3.34% 4.06% 4.33%
Volatility (average) 73.20% 65.03% 60.96%
Dividend yield 0.00% 0.00% 0.00%
Stock-based compensation charges for the six month period ended April 30, 2008 of $ 124,610 (2007 -
$742,156) were allocated to salary expenses, also, $186,914 (2007 - $98,393) was allocated to investor
relations expense, $320,634 (2007 – $121,080) was allocated to share issue cost, and $nil (2007 - $178,144)
was allocated to consulting expense.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
35
8. RELATED PARTY TRANSACTIONS
During the six months ended April 30, 2008 and 2007, the Company incurred expenses paid to officers or directors of
the Company or companies with common directors:
2008 2007
Professional fees $ 44,138 $ 53,500
Consulting fees $ 45,000 $ 45,000
At April 30, 2008 there was $7,700 (October 31, 2007 - $7,769) included in accounts payable and accrued liabilities,
and $467,902 (October 31, 2007- $220,646) included in accounts receivable owing to/from related parties.
Professional fees include amounts paid to a law firm of which a director is a shareholder.
The Company recovered $101,850 during the period ended April 30, 2008 (2007 - $66,990) in rent and
administration costs from Wealth Minerals Ltd., International Tower Hill Mines Ltd., Indico Resources Ltd., Athlone
Energy Ltd. and Lawrence W. Talbot Law Corporation (“LWTLC”), companies with common officers or directors.
These charges were measured by the exchange amount, which is the amount agreed upon by the transacting parties
and are on terms and conditions similar to non-related entities.
Effective October 1, 2005, the Company retained Mr. Carlos Ballon of Lima, Peru, to provide management services
on behalf of the Company in Peru through his private Peruvian company, Minera Koripampa del Peru S.A., for a fee
of USD 10,000 per month (reduced to USD 7,500 per month starting from March, 2007), which has been expensed to
consulting fees. Mr. Ballon became President of Cardero Peru in April 2006. Accordingly, Mr. Ballon is a related
party with respect to the Company. Prior to Mr. Ballon becoming a related party, the Company entered into a
number of mineral property acquisition/option agreements from either Minera Koripampa del Peru S.A. or
Sudamericana de Metales Peru S.A., another private Peruvian company controlled by Mr. Ballon. Such property
transactions include those with respect to the Carbonera and Daniella Properties (note 6(c)(i)), the Pampa de Pongo
Property (note 6(c)(ii)), the Katanga Property (note 6(c)(iii), the Lircay Project (note 6(c)(v)) and the Corongo Project
(note 6(c)(vi)).
The presidents of Minerales y Metales California, S.A. de C.V. and Cardero Argentina S.A. provide management
services for USD 3,750 each per month, which is expensed to consulting fees or capitalized to property costs,
depending upon the nature of the services.
The Company has entered into a retainer agreement dated May 1, 2007 with LWTLC, pursuant to which LWTLC
agrees to provide legal services to the Company. Pursuant to the retainer agreement, the Company has agreed to pay
LWTLC a minimum annual retainer of $82,500 (plus applicable taxes and disbursements). The retainer agreement
may be terminated by LWTLC on reasonable notice, and by the Company on one year’s notice (or payment of one
year’s retainer in lieu of notice).
9. GEOGRAPHIC SEGMENTED DATA
April 30, 2008
Canada Peru Argentina Mexico Total
Resource properties $ - $ 9,422,924 $ 6,566,949 $ 6,971,605 $ 22,961,478
Cash 4,700,302 19,055 114,025 69,928 4,903,310
Investments 6,151,961 - - - 6,151,961
Other 1,201,706 389,515 736,173 30.986 2,358,380
$ 12,053,969 $ 9,831,494 $ 7,417,147 $ 7,072,519 $ 36,375,129
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
36
9. GEOGRAPHIC SEGMENTED DATA (Continued)
October 31, 2007
(audited)
Canada Peru Argentina Mexico Total
Resource properties $ - $ 8,338,729 $ 6,508,333 $ 5,702,274 $ 20,549,336
Cash 806,460 5,263 2,865 9,896 824,484
Investments 10,100,000 - - - 10,100,000
Other 612,578 282,735 1,654,921 40,662 2,590,896
$ 11,519,038 $ 8,626,727 $ 8,166,119 $ 5,752,832 $ 34,064,716
10. INCOME TAX LOSSES
Six months ended
April 30
2008
2007
(Restated – Note 3)
Income tax expense (benefits) (1,743,276) $ (352,956)
Permanent differences 786,793 (289,995)
Write-down of properties (198,176) 18,059
Other temporary differences (23,338) (14,586)
Unrecognized tax losses 1,177,996 639,478
$ - $ -
The components of future income tax assets are as follows:
April 30, 2008
October 31, 2007
(audited)
Future income tax assets
Non-capital loss carry-forwards $ 18,987,960 $ 16,337,238
Difference between undepreciated capital cost
over net book value of property and equipment 84,069 76,770
Cumulative eligible capital deduction 54,712 54,712
Tax value of resource properties in excess of book values 6,715,058 6,175,091
25,841,799 22,643,811
Tax rate 31% 34%
8,010,958 7,698,896
Valuation allowance (8,010,958) (7,698,896)
$ - $ -
The valuation allowance reflects the Company's estimate that the tax assets, more likely than not, will not be realized.
The Company has available approximate non-capital losses that may be carried forward to apply against future years'
income for income tax purposes in all jurisdictions. The losses expire as follows:
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
37
10. INCOME TAX LOSSES
Available to Canada Foreign Total
2008 $ 145,300 $ - $ 145,300
2009 362,200 - 362,200
2010 817,500 22,422 839,922
2011 1,446,600 1,182,790 2,629,390
2012 - 1,603,665 1,603,665
2013 - 186,641 186,641
2015 2,950,500 - 2,950,500
2016 - 1,580,780 1,580,780
2017 - 356,852 356,852
2018 - 230,336 230,336
2026 2,850,500 - 2,850,500
2027 3,086,700 69,800 3,156,500
2028 1,972,253 63,676 2,035,929
$ 13,631,553 $ 5,296,962 $ 18,928,515
11. COMMITMENT
The Company is committed to monthly lease payments for its premises of $11,907 for its current lease expiring
August 31, 2010.
12. SUBSEQUENT EVENTS
Subsequent to April 30, 2008:
a) 30,000 stock options at $1.70 per share, 175,000 stock options at $1.75 per share, 81,234 warrants at $2.00 per
share, and 94,800 warrants at $1.75 per share were exercised.
b) 950,000 stock options at $2.80 per share expired.
13. DIFFERENCES BETWEEN CANADIAN AND UNITED STATES GENERALLY ACCEPTED
ACCOUNTING PRINCIPLES (GAAP)
(a) Differences in accounting principles
i. Restatement
In addition to the restatement described in Note 3, the Company has restated net loss per US GAAP
and comprehensive to account for the fair value of derivative financial instruments totalling
$560,000 not previously recognized in the three months ended January 31, 2007. An adjustment for
the cost of mineral properties capitalized has also been reflected in that period.
ii. Exploration expenditures
Under Canadian GAAP, acquisition costs and exploration expenditures are capitalized. Under US GAAP,
exploration costs incurred in locating areas of potential mineralization are expensed as incurred. Commercial
feasibility is established in compliance with the Securities and Exchange Commission (“SEC”) Industry Guide
7, which consists of identifying that part of mineral deposit that could be economically and legally extracted or
produced at the time of the reserve determination. After an area of interest has been assessed as commercially
feasible, expenditures specific to the area of interest for further development are capitalized. In deciding when
an area of interest is likely to be commercially feasible, management may consider, among other factors, the
results of pre-feasibility studies, detailed analysis of drilling results, the supply and cost of required labour and
equipment, and whether necessary mining and environmental permits can be obtained.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
38
13. DIFFERENCES BETWEEN CANADIAN AND UNITED STATES GENERALLY ACCEPTED
ACCOUNTING PRINCIPLES (GAAP) (Continued)
Under US GAAP, mining projects, and oil and gas interests are reviewed for impairment whenever
events or changes in circumstances indicate that the carrying amounts of these assets may not be
recoverable. If estimated future cash flows expected to result from the use of the mining project or
property, and their eventual disposition are less than the carrying amount of the mining project,
property, an impairment is recognized based upon the estimated fair value of the mining project,
property. Fair value generally is based on the present value of estimated future net cash flows for
each mining project, property, calculated using estimated mineable reserves, mineral resources, and
oil and gas reserves based on engineering reports, projected rates of production over the estimated
mine or well life, recovery rates, capital requirements, remediation costs and future prices
considering the Company’s hedging and marketing plans.
iii. Financial instruments
Under Canadian GAAP prior to October 31, 2006, investments were carried at the lower of
aggregate cost or quoted market value. Subsequent to that date, investments in marketable
securities classified as available for sale and derivative financial instruments classified as held for
trading are all recognized at fair value for both Canadian and US GAAP. Unrealized gains and
losses are included in other comprehensive income or operations for available for sale and held for
trading investments respectively.
iv. Reconciliation of total assets, liabilities and shareholders’ equity:
April 30,
2008
October 31,
2007
(audited)
Total assets per Canadian GAAP $ 36,375,129 $ 34,064,716
Expenditures on resource properties expensed under
US GAAP
(14,943,087)
(13,924,493)
Fair value adjustment to investment - -
Total assets per US GAAP as previously reported 21,432,042 20,140,223
Fair value adjustment to derivative financial instruments - -
Adjustment to acquisition of mineral properties capitalized - -
Total assets per US GAAP (restated) $ 21,432,042 $ 20,140,223
Total liabilities per Canadian and US GAAP $ 605,452 $ 594,056
Total shareholders’ equity per Canadian GAAP 35,769,677 33,470,660
Expenditures on resource properties
expensed under US GAAP (14,943,087) (13,924,493)
Accumulated other comprehensive income - -
Total shareholders’ equity per US GAAP as previously
reported
20,826,590
19,546,167
Fair value adjustment to derivative financial instruments - -
Adjustment to acquisition of mineral properties capitalized - -
Total equity per US GAAP (restated) 20,826,590 19,546,167
Total liabilities and shareholders’ equity per US GAAP
(restated) $ 21,432,042 $ 20,140,223
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
39
13. DIFFERENCES BETWEEN CANADIAN AND UNITED STATES GENERALLY ACCEPTED
ACCOUNTING PRINCIPLES (GAAP) (Continued)
v. Reconciliation of net loss and comprehensive loss reported in Canadian GAAP and US GAAP:
Statement of operations for the six months ended April 30:
2008 2007
(restated)
Reconciliation of net income (loss) from Canadian GAAP to
US GAAP
Net loss per Canadian GAAP $ (5,623,472) $ (1,035,061)
Acquisition of mineral properties - (947,175)
Exploration and development costs, net (1,458,923) (2,133,904)
Reverse amounts written-off 440,329 52,958
Total difference (1,018,594) (3,028,121)
Net loss per US GAAP (2007 - as previously reported) (6,642,066) (4,063,182)
Unrealized gain on derivative investments - -
Acquisition of mineral properties capitalized - 919,364
Total net loss per US GAAP (2007- restated) $ (6,642,066) $ (3,143,818)
Weighted average number of common shares outstanding 50,714,293 45,546,235
Loss per share in accordance with Canadian GAAP $ (0.11) $ (0.02)
Total differences (0.02) (0.05)
Loss per share in accordance with US GAAP $ (0.13) $ (0.07)
Statement of comprehensive loss for six months ended April 30:
2008 2007
(restated)
Comprehensive loss in accordance with Canadian GAAP $ (7,285,919) $ (1,305,061)
Unrealized gain on investment -
Total difference in net loss between Canadian GAAP and US
GAAP (1,018,594)
(3,028,121)
Total comprehensive loss per US GAAP as previously
reported (8,304,511) (4,333,182)
Unrealized gain on derivative investments - -
Acquisition of mineral properties capitalized - 919,364
Total comprehensive loss in accordance with US GAAP
(restated) $ (8,304,513) $ (3,413,818)
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
40
13. DIFFERENCES BETWEEN CANADIAN AND UNITED STATES GENERALLY ACCEPTED
ACCOUNTING PRINCIPLES (GAAP) (Continued)
v. Reconciliation of cash flows in accordance with Canadian GAAP and US GAAP:
Statement of cash flow for six months ended April 30:
2008
2007
(restated)
Net cash used in operating activities of continuing operations in
accordance with Canadian GAAP $ (2,246,219) $ (1,090,873)
Adjustments to net loss involving use of cash
Write-off of capitalized resource property costs (1,401,384) (1,604,265)
Net cash used in operating activities of continuing operations in
accordance with US GAAP as previously reported (3,647,603) (2,695,138)
Acquisition of mineral properties capitalized - 559,762
Net cash used in operating activities of continuing operations in
accordance with US GAAP (restated) (3,647,603) (2,135,376)
Net cash used in investing activities of continuing operations in
accordance with Canadian GAAP (1,948,367) 773,707
Reclassification of capitalized resource property expenditures 1,401,384 1,604,265
Net cash provided by (used in) investing activities of continuing
operations in accordance with US GAAP as previously reported (546,983) 2,377,972
Acquisition of mineral properties capitalized - (559,762)
Net cash provided by (used in) investing activities of continuing
operations in accordance with US GAAP (restated) (546,983) 1,818,210
Net cash flows provided by financing activities of continuing
operations in accordance with Canadian and US GAAP 8,273,412 5,467,754
Net increase (decrease) in cash and cash equivalents in
accordance with Canadian and US GAAP
4,078,826
5,150,588
Cash and cash equivalents, beginning of period in accordance
with Canadian and US GAAP
824,484
4,506,165
Cash and cash equivalents, end of period in accordance with
Canadian and US GAAP
$ 4,903,310 $ 9,656,753
(b) Recent US accounting pronouncements
i. On July 13, 2006, FASB issued Interpretation No. 48, Accounting for Uncertainty in Income
Taxes—an interpretation of FASB Statement No. 109. Interpretation 48 clarifies the accounting for
uncertainty in income taxes recognized in an entity’s financial statements in accordance with
Statement 109 and prescribes a recognition threshold and measurement attribute for financial
statement disclosure of tax positions taken or expected to be taken on a tax return. Additionally,
Interpretation 48 provides guidance on de-recognition, classification, interest and penalties,
accounting in interim periods, disclosure and transition. Interpretation 48 is effective for fiscal
years beginning after December 15, 2006, with early adoption permitted. The Company is
currently evaluating whether the adoption of Interpretation 48 will have a material effect on its
consolidated financial position, results of operations or cash flows.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
41
13. DIFFERENCES BETWEEN CANADIAN AND UNITED STATES GENERALLY ACCEPTED
ACCOUNTING PRINCIPLES (GAAP) (Continued)
ii. In September 2006, the U.S. Securities and Exchange Commission issued Staff Accounting
Bulletin 108 (“SAB 108”). The interpretations in this bulletin express the staff’s views regarding
the process of quantifying financial statement misstatements and are being issued to address
diversity in practice in quantifying financial statement misstatements and the potential under
current practice for the build up of improper amounts on the balance sheet. SAB 108 is not
expected to have a material impact on the Company’s consolidated financial statements.
iii. In September 2006, the FASB issued SFAS No. 157, “Fair Value Measurements” (“SFAS No.
157”). The SFAS 157 defines fair value, establishes a framework for measuring fair value in
generally accepted accounting principles, and expands disclosures about fair value measurements.
This statement does not require any new fair value measurements; however, for some entities the
application of this statement will change current practice. SFAS No. 157 is effective for financial
statements issued for fiscal years beginning after November 15, 2007, and interim periods within
those fiscal years, although early adoption is permitted. SFAS 157 is not expected to have a
material impact on the Company’s consolidated financial statements.
iv. In February 2007, the FASB issued SFAS No.159, “The Fair Value Option for Financial Assets and
Financial Liabilities”. SFAS 159 permits companies to choose to measure many financial
instruments and certain other items at fair value. This statement expands the use of fair value
measurement and applies to companies that elect the fair value option. The fair value option
established by this statement permits all entities to choose to measure eligible items at fair value at
specified election dates. This statement is effective as of the beginning of fiscal years that begin
after November 15, 2007. SFAS 159 is not expected to have a material impact on the Company’s
consolidated financial position, results of operations or cash flows.
v. In December 2007, the FASB issued SFAS No. 141(R), Business Combinations (SFAS 141(R)),
which replaces SFAS 141. SFAF 141(R) requires assets and liabilities acquired in a business
combination, contingent consideration, and certain acquired contingencies to be measured at their
fair values as of the date of acquisition. SFAS 141(R) also requires that acquisition-related costs
and restructuring costs be recognized separately from the business combination. SFAS 141(R) is
effective for fiscal years beginning after December 15, 2008 and will be effective for business
combinations entered into after January 1, 2009.
vi. In December 2007, the FASB issued SFAS No. 160, Non-controlling Interests in Consolidated
Financial Statements, an Amendment of ARB No.51 (SFAS 160). SFAS 160 clarifies the
accounting for non-controlling interests and establishes accounting and reporting standards for the
non-controlling interest in a subsidiary, including classification as a component of equity. SFAS
160 is effective for fiscal years beginning after December 15, 2008. The Company does not
currently have any minority interests.
(An Exploration Stage Company)
(Unaudited – Prepared by Management)
April 30, 2008
NOTICE OF NO AUDITOR REVIEW OF
INTERIM FINANCIAL STATEMENTS
Under National Instrument 51-102, Part 4, subsection 4.3(3(a), if an auditor has not performed a review of
the interim financial statements, they must be accompanied by a notice indicating that the financial
statements have not been reviewed by an auditor.
The accompanying unaudited interim financial statements of the Company have been prepared by and are
the responsibility of the Company’s management.
The Company’s independent auditor has not performed a review of these financial statements in
accordance with standards established by the Canadian Institute of Chartered Accountants for a review of
interim financial statements by an entity’s auditor.
For further information, please contact:
Michael W. Kinley, Chief Financial Officer
Tel: (604) 408-7488
Fax: (604) 408-7499
CARDERO RESOURCE CORP.
(AN EXPLORATION STAGE COMPANY)
Consolidated Financial Statements
(Unaudited – Prepared by management)
April 30, 2008
INDEX Page
Consolidated Financial Statements 2-5
Consolidated Balance Sheets 2
Consolidated Statements of Operations 3
Consolidated Statements of Shareholders’ Equity 4
Consolidated Statements of Cash Flows 5
Notes to Consolidated Financial Statements 6-42
2
See notes to consolidated financial statements
CARDERO RESOURCE CORP.
(AN EXPLORATION STAGE COMPANY)
Consolidated Balance Sheets
(Unaudited – Prepared by management)
April 30,
2008
October 31,
2007
(audited)
ASSETS
Current
Cash and cash equivalents $ 4,903,310 $ 824,484
Accounts receivable (note 8) 2,102,709 2,369,419
Prepaid expenses 191,566 150,073
Total Current Assets 7,197,585 3,343,976
Equipment (note 4) 64,105 71,404
Investments (note 5) 6,151,961 10,100,000
Resource Properties (note 6) 22,961,478 20,549,336
Total Assets $ 36,375,129 $ 34,064,716
LIABILITIES
Current
Accounts payable and accrued liabilities (note 8) $ 605,452 $ 594,056
SHAREHOLDERS’ EQUITY
Capital Stock 64,757,754 55,473,921
Contributed Surplus 8,791,894 8,490,791
Accumulated Other Comprehensive Income 3,857,553 5,520,000
Deficit (41,637,524) (36,014,052)
Total Shareholders’ Equity 35,769,677 33,470,660
Total Liabilities and Shareholders’ Equity $ 36,375,129 $ 34,064,716
Nature of operations (note 1)
Commitment (note 11)
Subsequent events (note 12)
Approved on behalf of the Board:
“Henk Van Alphen”
..................................................................... Director
Henk Van Alphen
“Lawrence W. Talbot”
..................................................................... Director
Lawrence W. Talbot
3
See notes to consolidated financial statements
CARDERO RESOURCE CORP.
(AN EXPLORATION STAGE COMPANY)
Consolidated Statements of Operations
(Unaudited – Prepared by management)
Three Months Ended Six Months Ended
April 30 April 30
2008
2007
2008
2007
(restated –
Note 3)
(restated –
Note 3)
Administrative Expenses
Investor relations $ 233,616 $ 179,179 $ 555,117 $ 420,216
Professional fees (note 8) 263,483 163,577 380,241 383,991
Salaries 299,189 742,430 708,337 1,422,749
Property evaluations 135,571 386,877 282,133 643,170
Insurance 49,070 42,506 95,734 85,065
Office costs 255,960 164,579 399,771 376,650
Regulatory and transfer agent fees 78,291 118,993 88,079 148,024
Consulting fees (note 8) 253,197 110,327 343,078 380,269
Amortization 5,349 26,601 10,255 34,980
Loss Before Other Items (1,573,726) (1,935,069) (2,862,745) (3,895,114)
Other Gain(Loss) Items
Interest income 17,427 88,649 21,020 170,839
Write-off of resource properties (683,365) (52,958) (683,365) (52,958)
Gain on sale of investment (note 5) 66,963 - 66,963 1,818,236
Foreign exchange gain (loss) 17,858 (102,586) 94,655 (36,064)
Unrealized gain (loss) on derivative investment (note
3 and 5)
(1,680,000)
400,000
(2,260,000)
960,000
(2,261,117) 333,105 (2,760,727) 2,860,053
Net Loss for Period (3,834,843) (1,601,964) (5,623,472) (1,035,061)
Loss Per Share (note 2(i)) $ (0.07) $ (0.03) $ (0.11) $ (0.02)
Weighted Average Number of Shares Outstanding 53,510,739 47,248,911 50,714,293 45,546,235
4
See notes to consolidated financial statements
CARDERO RESOURCE CORP.
(AN EXPLORATION STAGE COMPANY)
Consolidated Statements of Shareholders’ Equity
(Unaudited – Prepared by management)
Share Capital Accumulated Other Total Shareholders'
Shares Amount Deficit
Contributed
Surplus Comprehensive Income Equity
(restated- note 3)
Balance, October 31, 2006 43,122,439 $ 49,460,316 $ (29,412,562) $ 6,645,896 - $ 26,693,650
Net Loss for the Year (9,141,490) (9,141,490)
Other Comprehensive Income
Unrealized gain on available-for-sale investments 390,000 390,000
Transfer to income of realized gain on sale of investments (1,710,000) (1,710,000)
Comprehensive Loss for the Year (10,461,490)
Adjustment to opening balance – change in accounting policy 2,540,000 6,840,000 9,380,000
Shares issued for cash
Private placement 3,700,000 5,550,000 5,550,000
Exercise of options 190,000 329,250 329,250
Share issue costs (281,830) (281,830)
Shares issued for non-cash
Reclassification of contributed surplus on exercise of options 121,665 (121,665) -
Property acquisition 220,000 415,600 415,600
Agent's compensation 89,000 133,500 133,500
Stock-based compensation 1,845,480 1,845,480
Share issue costs (254,580) 121,080 (133,500)
Balance, October 31, 2007 47,321,439 55,473,921 (36,014,052) 8,490,791 5,520,000 33,470,660
Net Loss for the Period (5,623,472) (5,623,472)
Other Comprehensive Income
Unrealized (loss) on available-for-sale investments (1,591,612) (1,591,612)
Transfer to Income of realized gain on sale of investment (70,835) (70,835)
Comprehensive Loss for the Period (7,285,919)
Shares issued for cash
Exercise of options 487,500 885,000 885,000
Private placement 7,501,000 8,251,100 8,251,100
Share issue costs (862,688) (862,688)
Shares issued for non-cash
Reclassification of contributed surplus on exercise of options 331,055 (331,055) -
Property acquisition 500,000 1,000,000 1,000,000
Agent’s compensation 50,000 55,000 55,000
Stock-based compensation 311,524 311,524
Share issue costs (375,634) 320,634 (55,000)
Balance, April 30, 2008 55,859,939 $ 64,757,754 $ (41,637,524) $ 8,791,894 $ 3,857,553 $ 35,769,677
5
See notes to consolidated financial statements
CARDERO RESOURCE CORP.
(AN EXPLORATION STAGE COMPANY)
Consolidated Statements of Cash Flows
(Unaudited – Prepared by management)
Three Months Ended Six Months Ended
April 30 April 30
2008 2007 2008 2007
(restated –Note
3)
(restated –
Note 3)
Operating Activities
Net loss for period $ (3,834,843) $ (1,601,964) $ (5,623,472) $ (1,035,061)
Items not involving cash
Amortization 5,349 26,601 10,255 34,980
Stock-based compensation - 363,612 311,524 1,018,693
Write-off of resource properties 683,365 52,958 683,365 52,958
Gain on sale of investment (66,963) - (66,963) (1,818,236)
Unrealized (gain) loss on derivative investments 1,680,000 (400,000) 2,260,000 (960,000)
Changes in Non-Cash Working Capital Items
Accounts receivable (373,528) (143,768) 266,709 (290,117)
Prepaid expenses (85,287) 97,947 (41,493) 131,852
Accounts payable and accrued liabilities 26,995 (286,979) (46,144) (117,535)
Cash Used in Operating Activities (1,964,912) (1,891,593) (2,246,219) (2,982,466)
Investing Activities
Investment in and expenditures on resource properties (1,142,574) (883,651) (2,037,968) (2,487,916)
Proceeds from sale of investment in ITH 92,557 - 92,557 2,378,236
Investment in Trevali Resources Corp. - (100,000) - (100,000)
Purchase of equipment (2,956) (6,453) (2,956) (6,717)
Cash Used in Investing Activities (1,052,973) (990,104) (1,948,367) (216,397)
Financing Activities
Proceeds from shares issued 8,251,100 82,749 9,136,100 5,836,750
Share issue costs (862,688) - (862,688) (286,247)
Cash Provided by Financing Activities 7,388,412 82,749 8,273,412 5,550,503
Increase (Decrease) in Cash and Cash Equivalents 4,370,527 (2,798,948) 4,078,826 2,351,640
Cash and Cash Equivalents, Beginning of Period 532,783 9,656,753 824,484 4,506,165
Cash and Cash Equivalents, End of Period $ 4,903,310 $ 6,857,805 $ 4,903,310 $ 6,857,805
Supplemental Cash Flow Information
Accounts payable related to property expenditure $ 333,020 $ 215,179 $ 333,020 $ 215,179
Shares issued for property option payments $ - $ - $ 1,000,000 $ 380,000
Shares issued for brokers’ commission $ 55,000 $ - $ 55,000 $ 133,500
Interest and income tax paid $ - $ - $ - $ -
Cash and cash equivalents
Consists of:
Cash $ 1,903,310 $ 1,057,805 $ 1,903,310 $ 1,057,805
Term deposits $ 3,000,000 $ 5,800,000 $ 3,000,000 $ 5,800,000
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
For the Six Months ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
6
1. NATURE OF OPERATIONS
Cardero Resource Corp. and its subsidiaries are engaged in the exploration of mineral properties, primarily in
Mexico, Peru and Argentina. The Company considers itself to be an exploration stage company.
The business of mining and exploring for minerals involves a high degree of risk and there can be no assurance that
any of the Company’s current or future exploration programs will result in profitable mining operations. The
recoverability of amounts shown for resource properties is dependent upon the discovery of economically recoverable
reserves, the ability of the Company to obtain financing to complete their development and exploitation, and future
profitable operations or sale of the properties. The investment in and expenditures on resource properties comprise a
significant portion of the Company’s assets.
These consolidated financial statements were prepared on a “going-concern” basis, which assumes that the Company
will be able to realize its assets and discharge its liabilities in the normal course of business. As of April 30, 2008,
the Company had working capital of $6,592,133 (October 31, 2007 - $2,749,920). The Company does not currently
hold any revenue-generating properties and thereby continues to incur losses. The Company has an accumulated
deficit of $41,637,524 as at April 30, 2008 (October 31, 2007 - $36,014,052).
The Company’s ability to discharge its liabilities and fulfill its commitments as they come due is dependent upon its
success in obtaining equity financing and, ultimately, on locating economically recoverable ore resources and
attaining profitable operations. Failure to continue as a going-concern would require the restatement of assets and
liabilities on a liquidation basis, which could differ materially from the going-concern basis.
These consolidated financial statements do not reflect adjustments that would be necessary if the going-concern
assumptions were not appropriate because management believes that actions taken or planned will mitigate the
adverse conditions that raise doubts about the Company’s viability.
2. SIGNIFICANT ACCOUNTING POLICIES
(a) Basis of presentation
These consolidated financial statements include the accounts of Cardero Resource Corp. and its whollyowned
integrated subsidiaries, Cardero Argentina, S.A. (“Cardero Argentina”), Minerales Y Metales
California, S.A. de C.V. (“MMC”), Cardero Iron Ore Company Ltd., Cardero Peru S.A.C. (“Cardero Peru”),
Cerro Colorado Development Ltd. and Compania Minera Cardero Chile Limitada (“Cardero Chile”)
(collectively, the “Company”). All significant inter-company transactions and balances have been
eliminated.
These consolidated financial statements are prepared in accordance with Canadian generally accepted
accounting principles and are stated in Canadian dollars.
(b) Cash and cash equivalents
Securities with original maturities of three months or less are considered to be cash equivalents, at cost. The
securities are highly liquid, can be converted to cash at any time, and are held at a Canadian Chartered bank.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
For the Six Months ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
7
2. SIGNIFICANT ACCOUNTING POLICIES (Continued)
(c) Use of estimates
The preparation of financial statements in conformity with Canadian generally accepted accounting
principles requires management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements,
and the reported amounts of revenues and expenses during the reporting period. Areas requiring the use of
estimates include the rates of amortization for equipment, the recoverability of resource property interests,
the assumptions used in the determination of the fair value of stock-based compensation and the
determination of the valuation allowance for future income tax assets and accruals. Management believes
the estimates are reasonable; however, actual results could differ from those estimates and would impact
future results of operations and cash flows.
(d) Amortization
Amortization of equipment is recorded on a declining-balance basis at the following annual rates:
Computer equipment - 30%
Office equipment - 20%
Leasehold improvements - straight-line over the lease term
Additions during the year are amortized at one-half the annual rates.
(e) Investments
Investments other than derivatives are classified as available-for-sale, and are carried at quoted market value,
where applicable, or at an estimate of fair value. Resulting unrealized gains or losses, net of applicable
income taxes, are reflected in other comprehensive income, while realized gains or losses are included in
operations. Share purchase warrants included in investments are classified as derivative financial
instruments, and accordingly, unrealized gains or losses, net of applicable income taxes, are included in
operations.
(f) Resource properties
The Company capitalizes all costs related to investments in mineral property interests on a property-byproperty
basis. Such costs include mineral property acquisition costs and exploration and development
expenditures, net of any recoveries. Costs are deferred until such time as the extent of mineralization has
been determined and mineral property interests are either developed, the property is sold or the Company's
mineral rights are allowed to lapse.
All capitalized costs are reviewed, on a property-by-property basis, to consider whether there are any
conditions that may indicate impairment. When the carrying value of a property exceeds its net recoverable
amount (as estimated by quantifiable evidence of an economic geological resource or reserve or by reference
to option or joint venture expenditure commitments) or when, in the Company’s assessment, it will be
unable to sell the property for an amount greater than the deferred costs, the property is written down for the
impairment in value.
From time to time, the Company may acquire or dispose of a mineral property interest pursuant to the terms
of an option agreement. As such options are exercisable entirely at the discretion of the optionee, the
amounts payable or receivable are not recorded at the time of the agreement. Option payments are recorded
as property costs or recoveries when the payments are made or received.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
For the Six Months ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
8
2. SIGNIFICANT ACCOUNTING POLICIES (Continued)
(f) Resource properties (continued)
The amounts shown for acquisition costs and deferred exploration expenditures represent costs incurred to
date and do not necessarily reflect present or future values.
Capitalized costs are depleted over the useful lives of the properties upon commencement of commercial
production, or written off if the properties are abandoned or the applicable mineral rights are allowed to
lapse.
(g) Foreign currency translation
The functional currency of the Company is the Canadian dollar. Amounts recorded in foreign currency are
translated into Canadian dollars as follows:
i. Monetary assets and liabilities, at the rate of exchange in effect as at the balance sheet date;
ii. Non-monetary assets and liabilities, at the exchange rates prevailing at the time of the acquisition of
the assets or assumption of the liabilities; and
iii. Interest income and expenses (excluding amortization, which is translated at the same rate as the
related asset), at the average rate of exchange for the period.
Gains and losses arising from this translation of foreign currency are included in the determination of net
loss for the period.
(h) Stock-based compensation
The Company accounts for stock-based compensation expense using the fair value based method with
respect to all stock-based payments to directors, employees and non-employees, including awards that are
direct awards of stock and call for settlement in cash or other assets, or stock appreciation rights that call for
settlement by the issuance of equity instruments. Under this method, stock-based payments are recorded as
an expense over the vesting period or when the awards or rights are granted, with a corresponding increase
to contributed surplus. When stock options are exercised, the corresponding fair value is transferred from
contributed surplus to capital stock.
(i) Loss per share
Loss per share amounts have been calculated and presented in accordance with the treasury stock method.
Diluted loss per share amounts have not been presented as the effect of outstanding options and warrants is
anti-dilutive.
(j) Revenue recognition
Interest income is recorded as earned at the stated rate of interest of the term deposit over the term to
maturity.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
For the Six Months ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
9
2. SIGNIFICANT ACCOUNTING POLICIES (Continued)
(k) Asset retirement obligations
The Company recognizes an estimate of the liability associated with an asset retirement obligation (“ARO”)
in the financial statements at the time the liability is incurred. The estimated fair value of the ARO is
recorded as a long-term liability, with a corresponding increase in the carrying amount of the related asset.
The capitalized amount is depleted on a unit-of-production basis over the life of the proved reserves. The
liability amount is increased each reporting period due to the passage of time and the amount of accretion is
charged to earnings in the period. The ARO can also increase or decrease due to changes in the estimates of
timing of cash flows or changes in the original estimated undiscounted cost. Actual costs incurred upon
settlement of the ARO are charged against the ARO to the extent of the liability recorded.
(l) Income taxes
The Company follows the asset and liability method of accounting for income taxes. Under this method of
tax allocation, future income tax assets and liabilities are determined based on differences between the
financial statement carrying values and their respective income tax basis (temporary differences). Future
income tax assets and liabilities are measured using the tax rates expected to be in effect when the temporary
differences are likely to reverse. The effect on future income tax assets and liabilities of a change in tax
rates is included in operations in the period in which the change is enacted or substantially assured. The
amount of future income tax assets recognized is limited to the amount of the benefit that is more likely than
not to be realized.
(m) Financial Instruments
Effective November 1, 2006, the Company adopted the following new accounting standards issued by the
CICA relating to financial instruments. These new standards have been adopted on a prospective basis with
no restatement to prior period financial statements.
i. Financial Instruments – Recognition and Measurement (Section 3855)
This standard sets out criteria for the recognition and measurement of financial instruments for
fiscal years beginning on or after October 1, 2006. This standard requires all financial instruments
within its scope, including derivatives, to be included on a Company’s balance sheet and measured
either at fair value or, in certain circumstances when fair value may not be considered most
relevant, at cost or amortized cost. Changes in fair value are to be recognized in the statements of
operations and comprehensive income.
All financial assets and liabilities are recognized when the entity becomes a party to the contract
creating the item. As such, any of the Company’s outstanding financial assets and liabilities at the
effective date of adoption are recognized and measured in accordance with the new requirements as
if these requirements had always been in effect. Any changes to the fair values of assets and
liabilities prior to October 1, 2006 are recognized by adjusting opening deficit or opening
accumulated other comprehensive income.
All financial instruments are classified into one of the following five categories: held for trading,
held-to-maturity, loans and receivables, available-for-sale financial assets, or other financial
liabilities. Initial and subsequent measurement and recognition of changes in the value of financial
instruments depends on their initial classification.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
For the Six Months ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
10
2. SIGNIFICANT ACCOUNTING POLICIES (Continued)
ii. Comprehensive Income (Section 1530)
Effective November 1, 2006, the Company adopted the CICA Handbook Section 1530,
“comprehensive income”, which establishes standards for presentation and disclosure of
comprehensive income. Comprehensive income is the overall change in the net assets of the
Company for the period, other than changes attributed to transactions with shareholders. It is made
up of net income and other comprehensive income. The historical make up of net income has not
changed. Other comprehensive income includes gains or losses, which GAAP requires to be
recognized in a period, but excluded from net income for that period.
(n) Fair value
The carrying values of cash and cash equivalents, accounts receivable, and accounts payable and accrued
liabilities approximate their fair values because of the short-term maturity of these consolidated financial
instruments. Investments are carried at quoted market value or equivalent.
(o) Interest rate risk
The Company is not exposed to significant interest rate risk due to the short-term maturity of its monetary
assets and liabilities.
(p) Credit risk
The Company is exposed to credit risk with respect to its accounts receivable, which consists largely of tax
credits receivable from Mexican, Argentinean, Peruvian and Canadian agencies, interest receivable, and rent
receivable. Cash and cash equivalents have been placed with a major Canadian financial institution.
(q) Currency risk
The Company is exposed to foreign currency fluctuations to the extent expenditures incurred are not
denominated in Canadian dollars. The Company has not entered into any foreign currency contracts to
mitigate this risk.
(r) Derivatives – mineral properties
The Company retains and/or has obligations related to certain carried interest rights and net smelter
royalties, the value of which is derived from future events and commodity prices. These rights are derivative
instruments. However, the mineral interests to which they relate are not sufficiently developed to reasonably
determine value.
(s) Future accounting changes
i) Capital Disclosures
In February 2007, the CICA issued Handbook Section 1535, “Capital Disclosures”, which requires the
disclosure of both qualitative and quantitative information that provides users of financial statements
with information to evaluate the entity’s objectives, policies and procedures for managing capital. The
new section is effective for years beginning on or after October 1, 2007. The Company is in the process
of assessing the impact of this new section on its consolidated financial statements.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
For the Six Months ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
11
2. SIGNIFICANT ACCOUNTING POLICIES (Continued)
ii) Financial Instrument
In February 2007, the CICA issued two new standards, Section 3862, “Financial Instruments
Disclosures”, and Section 3863, “Financial Instruments Presentation”. These sections will replace the
existing Section 3861, “Financial Instruments Disclosure and Presentation”. Section 3862 provides
users with information to evaluate the significance of the financial instruments of the entity’s financial
position and performances, nature and extent of risks arising from financial instrument, and how the
entity manages those risks. Section 3863 deals with the classification of financial instruments, related
interest, dividends, losses and gains, and the circumstances in which financial assets and financial
liabilities are offset. The new sections are effective for years beginning on or after October 1, 2007. The
Company is in the process of assessing the impact of these new sections on its consolidated financial
statements.
iii) Inventories
In June 2007, the CICA issued Handbook Section 3031, “Inventories”. This section requires that
inventory be recorded at the lower of cost or net realizable value. This section also clarifies that the
allocation of fixed production overhead requires the consistent use of either first-in, first-out or the
weighted average method to measure inventory, and requires that any previous write-downs be
reversed when the value of the inventory increases. The amount of the reversal is limited to the amount
of the original write-down. The new section is effective for years beginning on or after January 1,
2008. The Company is in the process of assessing the impact of this new section on its financial
statements.
iv) Goodwill and Intangible Assets
In February 2008, the CICA issued Handbook Section 3064, “Goodwill and intangible assets”,
replacing Section 3062, “Goodwill and other intangible assets”, and Section 3450, “Research and
development costs”. This section establishes standards for the recognition, measurement, presentation
and disclosure of goodwill subsequent to its initial recognition and of intangible assets by profitoriented
enterprises. Standards concerning goodwill are unchanged from the standards included in the
previous Section 3062. The new section is effective for years beginning on or after October 1, 2008.
The Company is in the process of assessing the impact of this new section on its consolidated
financial statements.
v) International Financial Reporting Standards ("IFRS")
In 2006, the Canadian Accounting Standards Board ("AcSB") published a new strategic plan that will
significantly affect financial reporting requirements for Canadian companies. The AcSB strategic plan
outlines the convergence of Canadian generally accepted accounting principles with IFRS over an
expected five year transitional period. In February 2008, the AcSB announced that 2011 is the
changeover date for publicly-listed companies to use IFRS, replacing Canada's own generally accepted
accounting principles. The date is for interim and annual financial statements relating to fiscal years
beginning on or after January 1, 2011. The transition date of January 1, 2011 will require the
restatement for comparative purposes of amounts reported by the Company for the year ended October
31, 2010. While the Company has begun assessing the adoption of IFRS for 2011, the financial
reporting impact of the transition to IFRS cannot be reasonably estimated at this time.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
For the Six Months ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
12
2. SIGNIFICANT ACCOUNTING POLICIES (Continued)
vi) Going concern
In June 2007, the CICA amended Handbook Section 1400, “General Standards of Financial Statement
Presentation”, which requires management to make an assessment of a company’s ability to continue
as a going-concern. When financial statements are not prepared on a going-concern basis that fact
shall be disclosed together with the basis on which the financial statements are prepared and the
reason why the Company is not considered a going-concern. The new section is effective for years
beginning on or after January 1, 2008. The Company is in the process of assessing the impact of this
new section on its consolidated financial statements.
3. RESTATEMENT
The Company restated the fair value adjustment to investments for the six month period ended April 30, 2007 to
reflect the unrealized gain on derivatives of $960,000 as other income instead of comprehensive income.
4. EQUIPMENT
April 30, 2008
October 31, 2007
(audited)
Accumulated Accumulated
Cost Amortization Net Cost Amortization Net
Computer equipment $ 122,493 $ 74,567 $ 47,926 $ 119,537 $ 66,110 $ 53,427
Office equipment 36,886 20,707 16,179 36,886 18,909 17,977
$ 159,379 $ 95,274 $ 64,105 $ 156,423 $ 85,019 $ 71,404
5. INVESTMENTS
April 30, 2008
October 31, 2007
(audited)
International Tower Hill Mines Ltd. $ 4,291,961 $ 10,000,000
Trevali Resources Corp. 1,860,000 100,000
$ 6,151,961 $ 10,100,000
(a) During fiscal 2006, the Company acquired 4,000,000 common shares of International Tower Hill Mines Ltd.
(TSXV: “ITH”), plus common share purchase warrants to purchase up to an additional 2,000,000 common shares
at a price of $1.00 until August 4, 2008, at a gross cost of $2,240,000. As a result of this acquisition, the
Company held approximately 13.32% of the issued and outstanding common shares of ITH as at August 4, 2006.
Assuming the exercise of the 2,000,000 warrants, the Company would then hold approximately 18.74% of the
then issued common shares of ITH (assuming no other warrant or option exercises). ITH is considered to be a
related party as a result of common officer and director relationships (note 8).
On December 14, 2006, the Company sold 1,000,000 shares of ITH for net proceeds of $2,378,236 resulting in a
gain on sale of $1,818,236.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
For the Six Months ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
13
5. INVESTMENTS (Continued)
During the six months period ended April 30, 2008, the Company sold 45,700 shares of ITH for net proceeds of
$92,557 resulting in a gain on sale of $66,963.
At April 30, 2008, the quoted market value of ITH common shares was $1.27 (October 31, 2007 - $2.40) per
share, or a total market value for the Company’s shares of $3,751,961 (October 31, 2007 - $7,200,000). The
intrinsic (in the money) value of the 2,000,000 share purchase warrants is $0.27 (October 31, 2007 - $1.40) per
warrant, or $540,000 (October 31, 2007 – $2,800,000), for a total fair value at April 30, 2008 of $4,291,961
(October 31, 2007 - $10,000,000). Fair value adjustments for the six months ended April 30, 2008 amounted to
unrealized gains (losses) of ($3,351,612) and ($2,260,000) (April 30, 2007 - $1,440,000 and $960,000) recorded
as comprehensive income and other income, respectively. The Company held 2,954,300 shares, or 7.4% of the
ITH issued and outstanding common shares as of April 30, 2008.
(b) On April 24, 2007, the Company acquired 1,000,000 shares of Trevali Resources Corp. (“Trevali”), a former
related party (note 8), at a gross cost of $100,000. As there is no quoted market value for the shares of Trevali as
at October 31, 2007, the Company considers its cost to be a reasonable estimate of fair value as of that date.
Trevali commenced trading on the CNQ effective December 21, 2007. At April 30, 2008, the quoted market
value of the Trevali common shares was $1.86, or a total market value for the Company’s shares of $1,860,000.
Fair value adjustments for the six months ended April 30, 2008 amounted to unrealized gains of $1,760,000
recorded as comprehensive income. The Company held 3.2% of the Trevali issued and outstanding common
shares as of April 30, 2008.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
14
6. RESOURCE PROPERTIES
The Company’s capitalized acquisition and exploration expenditures on its resource properties are as follows:
Mexico Peru Total
Baja Other Total
Argentina
Marcona
Pampa de
Pongo Iron Sands Other Total
Balance, October 31, 2006 $ 5,277,115 $ 355,565 $ 5,632,680 $ 3,543,814 $ 2,724,576 $ 2,566,830 $ 3,367,032 $ 845,384 $ 9,503,822 $ 18,680,316
Acquisition costs
131,602 68,085 199,687
1,044,239 - 115,300 108,770 456,302 680,372 1,924,298
Deferred exploration costs
Camp 61,336 15,646 76,982 1,233,705 - - 455,719 158,580 614,299 1,924,986
Drilling and analysis 21,567 6,085 27,652 529,306 - - 60,397 30,328 90,725 647,683
Personnel and geology 85,700 41,271 126,971 489,134 - 1,069 231,617 61,728 294,414 910,519
168,603 63,002 231,605 2,252,145 - 1,069 747,733 250,636 999,438 3,483,188
Total expenditures for the year 300,205 131,087 431,292 3,296,384 - 116,369 856,503 706,938 1,679,810 5,407,486
Total before write-offs 5,577,320 486,652 6,063,972 6,840,198 2,724,576 2,683,199 4,223,535 1,552,322 11,183,632 24,087,802
Write-offs - (361,698) (361,698) (331,865) (1,890,172) - - (954,731) (2,844,903) (3,538,466)
Balance, October 31, 2007 $5,577,320 $124,954 $ 5,702,274 $ 6,508,333 $ 834,404 $ 2,683,199 $ 4,223,534 $ 597,591 $ 8,338,729 $ 20,549,336
Acquisition costs 1,058,886 37,184 1,096,070 103,944 - 303,540 102,959 30,071 436,570 1,636,584
Deferred exploration costs
Camp 40,290 22,514 62,804 142,649 - 55,842 506,892 109 562,843 768,296
Drilling and analysis 6,969 22,984 29,953 170,293 - - 36,077 - 36,077 236,323
Personnel and geology 46,737 33,767 80,504 325,095 - 17,384 31,022 299 48,705 454,304
93,996 79,265 173,261 638,037 - 73,225 573,992 408 647,625 1,458,923
Total expenditures for the period 1,152,882 116,449 1,269,331 741,981 - 376,765 676,951 30,479 1,084,195 3,095,507
Total before write-offs 6,730,202 241,403 6,971,605 7,250,314 834,404 3,059,964 4,900,486 628,071 9,422,924 23,644,843
Write-offs - - - (683,365) - - - - - (683,365)
Balance, April 30, 2008 $6,730,202 $241,403 $ 6,971,605 $ 6,566,949 $ 834,404 $ 3,059,964 $ 4,900,486 $ 628,071 $ 9,422,924 $ 22,961,478
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
15
6. RESOURCE PROPERTIES (Continued)
(a) Mexico
The properties in Mexico consist of the following:
i. Sirena Project, Baja California State, Mexico
Pursuant to an agreement dated December 12, 2001 between the Company and a private Mexican
company, the Company acquired a 100% interest in six mineral concessions located in Baja
California State, Mexico, in consideration of the issuance of an aggregate of 400,000 common
shares of the Company (issued). Some of these concessions form part of the Baja IOCG Project
(see note 6(a)(v)). The Company does not presently plan to carry out any material work programs
on the balance of the properties during 2008.
ii. Acquisition of MMC
Pursuant to an agreement dated September 9, 2002 between the Company and two Mexican
individuals, the Company acquired a 100% interest in MMC, a private Mexican corporation that
owned 8,055 hectares of mineral concessions situated in Baja California State, Mexico, in
consideration of aggregate payments of USD 75,000 (paid) and the issuance of an aggregate of
225,000 common shares of the Company (issued).
In addition to the above concessions, pursuant to an agreement made November 3, 2003, between
MMC and a Mexican individual, MMC acquired a 100% interest in three mineral concessions
covering 30 hectares upon payment of USD 45,000 (paid).
During 2006, the Company wrote off $117,008 relating to the Ludavina concessions, which were
held by MMC at the time of its acquisition by the Company.
iii. Coahuila Copper Data Acquisition, Coahuila de Zaragoza State, Mexico
Pursuant to an acquisition agreement dated August 22, 2003 between the Company and two
individuals, the Company obtained copies of and non-exclusive rights to use and retain certain
property data and other information pertaining to copper prospects in Coahuila de Zaragoza State,
Mexico, in consideration of the issuance of an aggregate of 20,000 common shares (issued).
iv. Crockite IOCG Data Acquisition, Baja California State, Mexico
Pursuant to an agreement dated October 27, 2003 between the Company, an individual and a
private B.C. company, the Company acquired all right, title and interest to certain geological
information, data and materials with respect to the potential for, and occurrences of, iron oxide
copper gold (“IOCG”) type deposits in Baja California State, Mexico, in consideration of the
issuance of an aggregate of 200,000 common shares, as follows:
- 100,000 common shares on January 20, 2004 (issued); and
- 100,000 common shares on or before the day that is ten business days from the earliest of the
following to occur (issued April 19, 2006):
- Anglo American Mexico S.A. de C.V. (“Anglo”) having earned an interest in certain
mineral concessions situated in Baja California State in accordance with and pursuant to
the agreement between Anglo and the Company (the “Anglo Agreement” as described in
note 6(a)(v));
- The Company having been advised by Anglo that Anglo has incurred aggregate
Exploration Expenditures (as defined in the Anglo Agreement) of not less than USD
2,000,000; and
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
16
6. RESOURCE PROPERTIES (Continued)
- If the Anglo Agreement is terminated prior to Anglo having incurred USD 2,000,000 in
exploration expenditures, then, upon Anglo, the Company or any third party that
subsequently enters into an agreement with the Company to earn an interest in the
Company’s IOCG properties in Baja California State collectively having incurred
Exploration Expenditures of not less than USD 2,000,000.
v. Baja IOCG Project, Baja California State, Mexico
Pursuant to an agreement dated December 1, 2002 (as amended by agreements dated November 26,
2003 and June 30, 2005) between the Company and Anglo (the “Anglo Agreement”), Anglo agreed
to manage and fund exploration expenditures for the identification and acquisition of not less than
one mineral concession within an area of interest measuring approximately 50,050 square
kilometres in size. Anglo could earn a 70% interest in the mineral concession(s) so acquired, as
well as in certain mineral concessions held by the Company, and a 70% interest in a new Mexican
company to be formed to hold such concessions, by incurring aggregate exploration expenditures of
not less than USD 3,700,000, as follows:
- USD 200,000 on or before December 1, 2003 (incurred);
- USD 800,000 on or before December 1, 2004 (incurred);
- USD 1,200,000 on or before December 1, 2005 (incurred); and
- USD 3,700,000 on or before December 1, 2006.
Upon Anglo incurring an aggregate USD 3,700,000 of exploration expenditures, a joint venture
would be formed, with each party required to contribute its pro rata share of all future exploration
expenditures. A non-participating party can be diluted to a minimum 10% working interest, below
which percentage its interest would be automatically converted to a 5% net profit interest.
Pursuant to an amending agreement dated June 30, 2005 between the Company and Anglo, the
Company assumed operation of the project. Under the terms of the amending agreement, the
Company was required to incur exploration expenditures of not less than USD 500,000 within a 12-
month period and, upon doing so, earned an additional 10% interest, thereby increasing its retained
interest in the project to 40% upon the exercise by Anglo of its option. Upon having incurred the
required USD 500,000 in exploration expenditures, the Company could either elect to terminate its
expenditure period by delivering a resumption notice to Anglo, or to elect to remain as operator and
continue to incur exploration expenditures. If the Company elected to continue incurring
exploration expenditures following the USD 500,000 having been incurred, it would earn an
additional one-tenth of one percent (0.1%) interest for each additional USD 10,000 of exploration
expenditures incurred. If the Company elected to continue incurring exploration expenditures, at
such time as it has incurred an aggregate of USD 1,400,000 (and has thereby increased its retained
interest to 49% upon the exercise by Anglo of its option), it was required to deliver an election
request notice to Anglo. Upon receipt by Anglo of a resumption notice or an election request
notice, Anglo was required to (unless it otherwise so elects) immediately resume incurring
aggregate exploration expenditures of USD 3,700,000 in order to earn its interest in the project
(which will range from 60% to 51%, depending upon the amount of exploration expenditures
incurred by the Company prior to the delivery of a resumption notice) with the original exploration
expenditure dates extended to take into account the time the Company acted as operator. If the
Company delivered a resumption notice, or if the Company delivered an election request notice and
Anglo elected to continue incurring exploration expenditures, and thereafter Anglo fails to maintain
its option in good standing, the Company could terminate the agreement. If the Company delivered
an election request notice and Anglo did not elect to resume incurring exploration expenditures, the
agreement would be automatically terminated. In either case, in the event of termination, the
Company would retain its 100% interest in the project, with Anglo having no residual interest
therein.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
17
6. RESOURCE PROPERTIES (Continued)
Effective May 30, 2006, Anglo elected to terminate the Anglo Agreement and thereby forfeited any
interest in, or rights to earn any interest in, the mineral concessions that were the subject of that
agreement. Accordingly, the Company is now the owner of a 100% interest in the concessions
comprising the Baja IOCG Project. The Company is presently seeking a joint venture partner for
the property, but may elect to carry out a further work program on its own if it is unsuccessful in
doing so.
On May 20, 2004, Western Telluric Resources Inc. (“WTR”) and Minera Olympic, S. de R.L. de
C.V. (“Minera”) (collectively, the “Plaintiffs”) commenced an action (the “Action”) in the British
Columbia Supreme Court (Vancouver Registry, No. S042795) against the Company and James
Dawson, Murray McClaren and their respective companies, Dawson Geological Consultants Ltd.
and 529197 B.C. Ltd. (carrying on business as Crockite Resources). The relief claimed against the
Company is the setting aside of an agreement dated December 12, 2001 between the Company and
Minera regarding the acquisition of mineral concessions. The Company has filed a Statement of
Defence in which it denies any liability as well as a counterclaim (the “Counterclaim”) against the
Plaintiffs.
Pursuant to an agreement dated October 17, 2007 (“Settlement Agreement”) among the Plaintiffs,
the Company and all other parties to the various actions, all actions (including the Action and the
Counterclaim) have been settled. As its part of the settlement, the Company has agreed to issue an
aggregate of 500,000 shares to WTR and to grant to WTR a 1.5% net smelter return royalty over its
existing and future acquired Baja California properties, of which the Company can acquire one-half
(0.75%) for the price of $2,000,000. Fulfillment by the Company of its obligations under the
Settlement Agreement was subject to the acceptance for filing thereof by the TSX (received on
November 20, 2007) and AMEX (received on November 13, 2007) and certain other conditions
precedent. Effective May 23, 2008, the transaction closed and the 500,000 shares were released to
WTR.
vi. Franco Project, San Luis Potosi State, Mexico
Pursuant to an agreement dated August 29, 2003, as accepted on September 3, 2003, and amended
by agreements dated October 1, 2004 and September 13, 2005, between the Company and a private
Mexican company, the Company can acquire a 100% interest (subject to a 2% net smelter return
(“NSR”) retained by the vendor) in the Franco Project, San Luis Potosi State, Mexico, upon
completion of the following:
Payments aggregating USD 1,145,000, as follows:
- USD 15,000 on or before September 18, 2003 (paid);
- USD 20,000 on or before March 24, 2004 (paid);
- USD 30,000 on or before January 13, 2005 (paid);
- USD 30,000 on or before October 3, 2005 (postponed due to force majeure);
- USD 100,000 on or before October 3, 2006 (postponed due to force majeure);
- USD 150,000 on or before October 3, 2007 (see below); and
- USD 800,000 on or before October 3, 2008 (see below).
Exploration expenditures on the property aggregating USD 1,050,000, as follows:
- USD 50,000 on or before October 3, 2005 (postponed due to force majeure);
- USD 200,000 on or before October 3, 2006 (postponed due to force majeure);
- USD 300,000 on or before October 3, 2007 (see below); and
- USD 500,000 on or before October 3, 2008 (see below).
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
18
6. RESOURCE PROPERTIES (Continued)
If the Company terminates the agreement before incurring USD 250,000 of exploration
expenditures, then the Company is required to pay to the vendor the difference between USD
250,000 and the amount of exploration expenditures actually incurred. The Company can buy onehalf
(being 1%) of the NSR retained by the vendor at any time for USD 2,000,000.
On November 5, 2003, the Company optioned the property to a public B.C. company (the
“Optionee”) whereby the Optionee could acquire a 50% interest by paying the Company the sum of
USD 50,000, making the underlying USD 20,000 and USD 60,000 payments and incurring
cumulative exploration expenditures of USD 250,000. On November 2, 2004, the Optionee
returned the property to the Company and all funds advanced by the Optionee to the Company
(which was the operator) to incur exploration expenditures were returned to the Optionee.
On November 18, 2005, as a result of the inability of the Company to obtain safe and unrestricted
access to the Franco property in order to carry out exploration work, the Company declared an
event of force majeure, effective as and from September 19, 2005, thereby suspending all ongoing
obligations to make payments to the vendor or to incur any exploration expenditures. The Company
is attempting to resolve the issues giving rise to the force majeure but has, as of April 30, 2008,
been unable to do so. The Company plans to drill this property as soon as access is safe and
unrestricted.
As of October 31, 2007, the Company wrote off its remaining investment in the property in the
amount of $361,698.
viii. Corrales Property, Chihuahua State, Mexico
The Corrales property consists of one exploration concession (8,400 hectares) and one exploitation
concession (100 hectares) located in the Municipality of Lopez, Chihuahua State.
Pursuant to an agreement dated October 23, 2007 between the Company and three Mexican
individuals, the Company has been granted a five year lease of the exploration concession, with the
right to purchase a 100% interest by making aggregate payments of USD 657,000 over five years to
October 23, 2012, as follows:
- USD 24,000 on execution (paid);
- USD 18,000 on or before January 23, 2008 (paid);
- USD 15,000 on or before October 23, 2008;
- USD 60,000 on or before October 23, 2009;
- USD 90,000 on or before October 23, 2010;
- USD 100,000 on or before October 23, 2011; and
- USD 350,000 on or before October 23, 2012.
The Company is presently seeking a joint venture partner for the property and does not plan to
carry out any work in 2008.
(b) Argentina
i. Olaroz Silver Project, Jujuy Province, Argentina, consisting of the following concessions:
- Olaroz Chico and Tola Concessions, Jujuy Province, Argentina
Pursuant to an agreement dated May 8, 2002 (as amended on August 8, 2002) between the
Company and two Argentinean individuals, the Company had the right to earn a 100% interest
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
19
6. RESOURCE PROPERTIES (Continued)
(subject to a 2% NSR payable to the vendors) in two concessions upon making an aggregate of
USD 475,000 in payments. During the fiscal year ended October 31, 2004, the Olaroz Chico
and Tola Concessions were abandoned and $97,370 in associated acquisition and exploration
costs were written off. During the year ended October 31, 2006, the balance of the property
costs of $155,015 were written off.
ii. Chingolo Silver Project, Jujuy Province, Argentina, consisting of the following concessions:
- Cavok Property, Jujuy Province, Argentina
Pursuant to an agreement dated May 22, 2002 between the Company and a private Argentinean
company, the Company has the right to acquire a 100% interest in three mineral concessions in
Jujuy Province, Argentina, by making a payment of USD 10,000 on or before October 18,
2002 (paid) and issuing an aggregate of 250,000 common shares, as follows:
- 50,000 common shares on or before October 18, 2002 (issued);
- 100,000 common shares on or before October 18, 2003 (issued); and
- 100,000 common shares on or before October 18, 2006 (issued).
Two of these concessions form part of the Olaroz Silver Project (Note 6(b)(i)) and, during the
fiscal year ended October 31, 2004, these two concessions were written down by $4,381,701 to
a nominal value of $1. The third concession forms part of the Chingolo Silver Project.
- Cozzi Property, Jujuy Province, Argentina
Pursuant to an agreement dated December 9, 2002 between the Company and an Argentinean
individual, the Company purchased a 100% interest in three mineral concessions located in
Jujuy Province, Argentina, in consideration of 100,000 common shares (issued) to such
individual.
The Company considers the Chingolo Silver Project to be an active property although the
Company is presently seeking a joint venture partner and no work by the Company is planned
for 2008. As of October 31, 2007, the Company wrote off its remaining investment in the
property in the amount of $5,600.
iii. Cerro Atajo Project, Catamarca Province, Argentina
In order to acquire an interest in the Cerro Atajo Project, consisting of 17 mineral concessions in
Catamarca Province, Argentina, the Company entered into two agreements involving Sociedad
Minera Catamarquena de Economia Mixta (“Somicadem”), a governmental corporation owned as
to 51% by the Province of Catamarca and 49% by two private Argentinean companies (the
“Shareholders”). Somicadem is the holder of the Cerro Atajo property. The first of these
agreements was with respect to the acquisition by the Company of the interest of the Shareholders
in Somicadem and the second was with respect to the acquisition by the Company from Somicadem
of the rights to explore and exploit the property itself.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
20
6. RESOURCE PROPERTIES (Continued)
Pursuant to the first agreement, dated August 24, 2004 (as amended by an agreement dated
December 10, 2004), among the Company and the Shareholders, the Company had the option to
acquire the 49% of the issued capital stock of Somicadem from the Shareholders, together with all
of the interest of the Shareholders in their existing exploration, exploitation and Mining Lease
Agreements dated September 10, and 13, 1991 (collectively, the “Existing Lease”) with
Somicadem relating to the Cerro Atajo property. In order to exercise the option, the Company was
required to pay the Shareholders an aggregate of USD 11,650,000, and issue 1,750,000 common
shares to the Shareholders, as follows:
Payments
- USD 300,000 upon the Company having completed its due diligence (as provided for below)
following the Company having entered into a satisfactory amendment to the Existing Lease
(which occurred, and the payment was made, on January 12, 2005);
- USD 350,000 on or before January 12, 2006 (paid);
- USD 1,000,000 on or before January 12, 2007;
- USD 2,000,000 on or before January 12, 2008;
- USD 3,000,000 on or before January 12, 2009; and
- USD 5,000,000 on or before January 12, 2010.
Share Issuances
- 100,000 common shares on or before January 12, 2006 (issued);
- 150,000 common shares on or before January 12, 2007;
- 500,000 common shares on or before January 12, 2008; and
- 1,000,000 common shares on or before January 12, 2009.
At the election of the Company, it could settle the obligation to issue some or all of the foregoing
common shares by making payments to the Shareholders equal to USD 5 per share (up to
USD 8,750,000 in total).
Pursuant to the second agreement, which was a modification agreement dated January 12, 2005
among the Shareholders, Somicadem and the Company to amend the Existing Lease, the Company
had the right to carry out prospecting, exploration, development and exploitation activities at Cerro
Atajo, and the option to enter into a 40-year mining lease. In order to maintain the exploration
rights and option to enter into a mining lease in good standing, the Company was required to
complete the following:
Payments to the Province of Catamarca aggregating USD 550,000, as follows:
- USD 50,000 on execution of the modification agreement (paid);
- USD 100,000 on or before January 12, 2007;
- USD 100,000 on or before January 12, 2008;
- USD 100,000 on or before January 12, 2009;
- USD 100,000 on or before January 12, 2010; and
- USD 100,000 on or before January 12, 2011.
Exploration expenditures of not less than USD 1,525,000 on or before January 12, 2011 (to be
incurred in carrying out a prescribed program of work).
If the Company exercised the mining lease option (which must be exercised on or before March 12,
2011), it would be required to make aggregate payments of USD 27,000,000 to the Province of
Catamarca, as follows:
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
21
6. RESOURCE PROPERTIES (Continued)
- USD 10,000,000 following a production decision and prior to the commencement of
production; and
- USD 17,000,000 during the first two years of production.
In addition, the Company would be required to pay to the Province of Catamarca a royalty
consisting of 15% of the net profits realized by the Company from the exploitation of the property.
During the year ended October 31, 2006, the Cerro Atajo Project was abandoned and $1,137,656 in
associated acquisition and exploration costs was written off.
iv. Cerro Juncal Property, Salta Province, Argentina
Pursuant to an agreement dated November 12, 2004 between the Company and a private
Argentinean company, the Company had the right to acquire a 100% interest, subject to a 0.5%
NSR to the vendor, in two mineral concessions (approximately 2,600 hectares) in Salta Province,
Argentina, in consideration of payment to the vendor of USD 2,000,000 on or before the date that is
three years after the Company commences exploration on the property. Prior to the exercise of the
purchase option, the Company was required to pay the vendor an aggregate of USD 360,000 in
order to keep the purchase option in good standing, as follows:
- USD 25,000 on signing (paid);
- USD 60,000 on or before November 12, 2005 (paid);
- USD 50,000 on or before May 12, 2006 (paid);
- USD 75,000 on or before November 12, 2006; and
- USD 150,000 on or before May 12, 2007.
If the Company exercised the option to purchase the property prior to May 12, 2007, the
requirement to make any remaining option payments outlined above ceased. Commencing with the
fifth year after execution of the agreement if, in such year or any subsequent year prior to the
exercise of the purchase option, the vendor has not received at least USD 100,000 pursuant to the
NSR in such year, the Company is required to pay to the vendor the difference between USD
100,000 and the amount received by the vendor pursuant to the NSR. The Company had the option
to purchase the 0.5% NSR at any time for the sum of USD 1,000,000.
As a result of the status of ongoing negotiations concerning the property, the Company did not
make the November 12, 2006 payment. As a consequence, the property was returned to the vendor,
and accordingly, $394,172 was written off as at October 31, 2006.
v. Huachi Property, Argentina
Pursuant to an agreement dated June 13, 2005 between the Company and a private Argentinean
company, the Company can acquire a 100% interest in 30 mining concessions referred to as the
Huachi Property in the Province of San Juan, Argentina. In order to maintain the option in good
standing and to be permitted to carry out exploration activities prior to such exercise, the Company
is required to make payments and incur exploration expenditures as follows:
Payments of USD 5,500,000, as follows:
- USD 70,000 on June 13, 2005 (paid);
- USD 70,000 on or before April 13, 2006 (paid);
- USD 200,000 on or before June 13, 2007 (paid);
- USD 600,000 on or before April 13, 2008; (under renegotiaition)
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
22
6. RESOURCE PROPERTIES (Continued)
- USD 1,000,000 on or before June 13, 2009; and
- USD 3,560,000 on or before June 13, 2010.
Exploration expenditures of USD 2,000,000, as follows:
- USD 750,000 on or before December 13, 2007 (incurred); and
- USD 1,250,000 on or before June 13, 2010.
Pursuant to an agreement dated November 30, 2006 between the Company and an Argentinean
individual, the Company can acquire a 50% interest in one mining concession (mina) adjacent to
the 30 Huachi concessions noted above. In order to maintain the option in good standing, to be
permitted to carry out exploration activities prior to such exercise, and to exercise the option, the
Company is required to make aggregate payments of USD 965,000 to the vendor, as follows:
- USD 5,000 on signing (paid);
- USD 10,000 on November 30, 2007 (subsequently paid);
- USD 50,000 on November 30, 2008;
- USD 150,000 on November 30, 2009;
- USD 250,000 on November 30, 2010; and
- USD 500,000 on November 30, 2011.
The Company is currently seeking a joint venture partner for the Huachi property, and does not
presently plan to carry out any further work.
vi. Sediment Hosted Vein (SHV) Project, northwestern Argentina. The SHV project is an exploration
program based on a specific geological model, and involves an initial reconnaissance program,
followed by the acquisition of properties believed to be prospective for this type of deposit. During
the year ended October 31, 2006, the Company acquired interests in, or the right to acquire an
interest in, 11 separate properties that, together, make up the Company’s SHV Project. Additional
properties may be acquired, as reconnaissance and property evaluation is ongoing. Details of the
existing properties (all of which are considered active properties, with work programs either
ongoing or planned for 2008) are as follows:
a. Incahuasi Property, Catamarca Province, Argentina. The Incahuasi Property presently consists of
two separate project areas – Incahuasi and San Antonio. The Incahuasi project consists of five
minas (exploitation concession), four cateos (exploration concession) and one tailings concession
(approximately 2,832 hectares) located in Catamarca Province, Argentina, and acquired by the
Company as follows:
Pursuant to an agreement with an Argentinean individual dated April 29, 2006, the Company has
the option to acquire a 100% interest in four minas (two of which form part of the Incahuasi project
area and two of which form part of the San Antonio project area) and one tailings concession by
making aggregate payments of USD 1,410,000 over five years, as follows:
- USD 20,000 on or before May 29, 2006 (paid);
- USD 30,000 on or before November 29, 2006 (paid);
- USD 60,000 on or before May 29, 2007 (paid);
- USD 100,000 on or before May 29, 2008;
- USD 200,000 on or before May 29, 2009;
- USD 400,000 on or before May 29, 2010; and
- USD 600,000 on or before May 29, 2011.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
23
6. RESOURCE PROPERTIES (Continued)
The property is subject to a 2% NSR to the vendor, which the Company can purchase at any time
for USD 500,000.
Pursuant to an agreement dated April 29, 2006 between the Company and the vendor of the
foregoing properties, the Company and the vendor have also applied for three abandoned minas
originally held by a third party in which each of the Company and the vendor will have an initial
50% interest (subject to the grant thereof by the applicable mining tribunal). The Company will
acquire the 50% interest of the vendor in such minas upon the exercise of the option with respect to
the vendor’s properties as set out above. The Company has the right to acquire the vendor’s 50%
interest by making aggregate payments of USD 1,410,000 over 5 years, as follows:
- USD 20,000 on or before September 19, 2006 (paid);
- USD 30,000 on or before March 29, 2007 (paid);
- USD 60,000 on or before September 19, 2007 (paid);
- USD 100,000 on or before September 19, 2008;
- USD 200,000 on or before September 19, 2009;
- USD 400,000 on or before September 19, 2010; and
- USD 600,000 on or before September 19, 2011.
The property is subject to a 2% NSR to the vendor, which the Company can purchase at any time
for USD 500,000.
The San Antonio project area consists of two minas (being acquired subject to the first agreement
noted above) plus two additional cateos surrounding such minas.
The Company is presently reviewing its plans for this property.
b. Salar de Oro Property, Jujuy Province, Argentina. The Salar de Oro Property consists of three
project areas – Sala de Oro, Salar de Oro North and Salar de Oro East. The Salar de Oro Project
area consists of three continuous cateos and eleven minas (approximately 38,501 hectares) located
in Jujuy Province, Argentina, and acquired by the Company as follows:
Pursuant to an agreement dated July 11, 2006 (as amended April 16, 2007 and September 5, 2007)
between the Company and a private Argentinean company, the Company has the option to acquire
a 100% interest (excluding surficial placer rights) in the 11 minas by making aggregate payments of
USD 2,470,000 over four years to May 3, 2010, as follows:
- USD 35,000 on April 4, 2006 (paid);
- USD 67,500 on September 3, 2007 (paid)
USD 67,500 on November 4, 2007 (paid);
- USD 300,000 on or before May 3, 2008;
- USD 300,000 on or before May 3, 2009; and
- USD 1,700,000 on or before May 3, 2010.
In addition to the foregoing, the Company has staked and applied for three cateos surrounding the
foregoing property.
The Salar de Oro North project area consists of six minas and one cateo applied for by the
Company (approximately 21,521 hectares). The Salar de Oro East project area consists of one
cateo applied for by the Company (approximately 496 hectares).
During the six months ended April 30, 2008, the property was abandoned and $683,365 in
associated acquisition and exploration costs was written off.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
24
6. RESOURCE PROPERTIES (Continued)
c. Il Torno Property, Jujuy Province, Argentina. The Il Torno Property consists of four minas
(approximately 5,046 hectares) located in Jujuy Province, Argentina, and acquired by the Company
as follows:
Pursuant to an agreement dated October 3, 2006 between the Company and an Argentinean
individual, the Company has the option to acquire a 100% interest (excluding surficial placer rights
to a portion of the property) in the four minas for USD 3,000,000. In order to maintain the option
in good standing and to be able to explore the property prior to the exercise of the option (which
must be exercised, if at all, on or before December 3, 2010), the Company is required to make the
following payments:
- USD 30,000 on signing (paid);
- USD 30,000 on or before April 3, 2007;
- USD 50,000 on or before October 3, 2007;
- USD 50,000 on or before April 3, 2008;
- USD 100,000 on or before October 3, 2008;
- USD 100,000 on or before April 3, 2009;
- USD 100,000 on or before October 3, 2009;
- USD 100,000 on or before April 3, 2010;
- USD 150,000 on or before October 3, 2010; and
- USD 200,000 on or before December 3, 2010.
The property is subject to a 2% NSR to the vendor, which the Company can purchase at any time
for USD 2,000,000. The Company is required (subject to receipt of approval of the required
environmental impact statement) to commence prospecting work on or before January 3, 2007, and
to formulate and implement a work program on the property on or before October 3, 2007. As of
October 31, 2007, the Company wrote off its investment in the property in the amount of $161,008.
d. Rinconada North Property, Jujuy Province, Argentina. The Rinconada North Property presently
consists of three cateos (approximately 7,071 hectares) located in Jujuy Province, Argentina, and
acquired by the Company as follows:
Pursuant to an agreement with a private Argentinean company dated May 2, 2006, the Company
has the option to acquire a 100% interest in one cateo (excluding surficial placer rights for a period
of five years) by making aggregate payments of USD 350,000 over five years, as follows:
- USD 7,000 on or before June 2, 2006 (paid);
- USD 14,000 on or before November 2, 2006 (paid);
- USD 14,000 on or before June 2, 2007 (paid);
- USD 28,000 on or before June 2, 2008;
- USD 56,000 on or before June 2, 2009;
- USD 91,000 on or before June 2, 2010; and
- USD 140,000 on or before June 2, 2011.
Pursuant to an agreement dated May 2, 2006 between the Company and four Argentinean
individuals (as amended by an agreement dated May 17, 2006), the Company has the option to
acquire a 100% interest in two minas and one cateo (excluding surficial placer rights for a period of
five years) by making aggregate payments of USD 500,000 over five years, as follows:
- USD 10,000 on or before June 2, 2006 (paid);
- USD 20,000 on or before November 2, 2006 (paid);
- USD 20,000 on or before May 2, 2007;
- USD 40,000 on or before May 2, 2008;
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
25
6. RESOURCE PROPERTIES (Continued)
- USD 80,000 on or before May 2, 2009;
- USD 130,000 on or before May 2, 2010; and
- USD 200,000 on or before May 2, 2011.
Effective April 20, 2007, the Company terminated the second agreement noted above and returned
the property to the vendors. In addition to the one mina subject to the first option agreement noted
above, the Company has staked and applied for two additional cateos. As of October 31, 2007, the
Company wrote off its remaining investment in the property in the amount of $165,257.
e. Rinconada Property, Jujuy Province, Argentina. The Rinconada Property presently consists of
three minas and five cateos (approximately 23,759 hectares) located in Jujuy Province, Argentina,
and acquired by the Company as follows:
Pursuant to an agreement with a private Argentinean company dated September 19, 2006, the
Company has the option to acquire a 100% interest in one mina by making aggregate payments of
USD 380,000 over five years, as follows:
- USD 18,000 on or before September 19, 2006 (paid);
- USD 12,000 on or before February 19, 2007 (paid);
- USD 20,000 on or before September 19, 2007 (paid);
- USD 40,000 on or before September 19, 2008;
- USD 70,000 on or before September 19, 2009;
- USD 90,000 on or before September 19, 2010; and
- USD 130,000 on or before September 19, 2011.
Pursuant to an agreement dated May 2, 2006 between the Company and an Argentinean individual,
the Company has the option to acquire a 100% interest in two minas for USD 940,000. In order to
maintain the option in good standing and to be able to explore the property prior to the exercise of
the option (which must be exercised, if at all, on or before September 2, 2010), the Company is
required to make the following payments:
- USD 15,000 on or before June 2, 2006 (paid);
- USD 15,000 on or before July 2, 2006 (paid);
- USD 15,000 on or before August 2, 2006 (paid);
- USD 15,000 on or before November 2, 2006 (paid);
- USD 60,000 on or before August 2, 2007 (paid);
- USD 60,000 on or before April 2, 2008; (postponed)
- USD 60,000 on or before November 2, 2008;
- USD 80,000 on or before November 2, 2009;
- USD 80,000 on or before February 2, 2010; and
- USD 600,000 on or before September 2, 2010.
In addition to the foregoing, the Company has staked and applied for five cateos adjoining the
foregoing property (four of which were previously referred to as the “El Carmen” project).
f. Oros Mayo Property, Jujuy Province, Argentina. The Oros Mayo Property presently consists of
one cateo (approximately 4,010 hectares) located in Jujuy Province, Argentina, and acquired by the
Company through the staking and application therefor.
g. 5C1 South Property, Jujuy Province, Argentina. The 5C1 South Property presently consists of one
cateo (approximately 8,778 hectares) located in Jujuy Province, Argentina, and acquired by the
Company through the staking and application therefor.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
26
6. RESOURCE PROPERTIES (Continued)
h. Rosario Sur, Jujuy Province, Argentina. The Rosario Sur Property presently consists of two cateos
(approximately 2,603 hectares) located in Jujuy Province, Argentina, and acquired by the Company
through the staking and application therefor.
i. Rosario Norte Property, Jujuy Province, Argentina. The Rosario Norte Property presently consists
of two cateos (approximately 8,757 hectares) located in Jujuy Province, Argentina, and acquired by
the Company through the staking and application therefor.
j. Zenteno Property, Salta Province, Argentina. The Zenteno Property presently consists of one mina
located in Salta Province (approximately 986 hectares) acquired by the Company from an
Argentinean individual for aggregate payments of USD 22,750.
k. Mina Azules Property, Jujuy Province, Argentina. The Mina Azules property presently consists of
two minas (360 hectares) located in Jujuy Province. Pursuant to an agreement dated August 10,
2007 between the Company and an Argentinean individual, the Company may acquire a 100%
interest in the minas for aggregate payments of USD 1,410,000 over 38 months, as follows:
- USD 20,000 on execution (paid);
- USD 50,000 on or before August 10, 2008;
- USD 110,000 on or before August 10, 2009;
- USD 230,000 on or before February 10, 2010; and
- USD 1,000,000 on or before October 10, 2010.
l. La Poma Property, Salta Province, Argentina. The La Poma property presently consists of six
minas (approximately 3,803 hectares) located in Salta Province. Pursuant to an agreement dated
October 1, 2007 between the Company and two Argentinean individuals, the Company may acquire
a 100% interest in the minas for aggregate payments of USD 1,170,000 over five years, as follows:
- USD 20,000 on or before October 11, 2007; (paid)
- USD 100,000 on or before October 1, 2008;
- USD 150,000 on or before October 1, 2009;
- USD 200,000 on or before October 1, 2010;
- USD 350,000 on or before October 1, 2011; and
- USD 350,000 on or before October 1, 2012.
m. Faja Eruptiva Norte, Jujuy Province, Argentina. The Faja Eruptiva Norte Property presently
consists of two cateos (approximately 10,400 hectares) located in Jujuy Province, Argentina and
acquired by the Company through staking and application therefor.
n. Faja Eruptiva Sur, Jujuy Province, Argentina. The Faja Eruptiva Sur Property presently consists of
two cateos (approximately 9,696 hectares) located in Jujuy Province, Argentina and acquired by the
Company through staking and application therefor.
vii. Other Argentinean Properties
a. - Organullo Property, Salta Province, Argentina
Pursuant to an agreement dated October 1, 2004 between the Company and an Argentinean
individual, the Company purchased a 100% interest in eight minas concessions in Salta
Province, Argentina, in consideration of the issuance of 70,000 common shares. These
common shares were issued during the fiscal year ended October 31, 2005.
The Company considers this an active project; however, no work programs are currently
planned.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
27
6. RESOURCE PROPERTIES (Continued)
b. - Los Manantiales Property (formerly, “Mina Angela”), Chubut Province, Argentina
Pursuant to an agreement dated April 25, 2004 between the Company and a private
Argentinean company, the Company can acquire a 100% interest in 44 mineral concessions in
Chubut Province, Argentina, subject to a 1% NSR to the vendor, in consideration of aggregate
cash payments to the vendor of USD 400,000, as follows:
- USD 50,000 on or before April 25, 2005 (paid);
- USD 50,000 on or before April 25, 2006 (renegotiated, with $10,000 paid on April 25,
2006 and the balance of US$40,000 paid on October, 2006);
- USD 150,000 on or before April 25, 2007 (paid); and
- USD 150,000 on or before April 25, 2008 (paid).
The Company is required to carry out a program of work on the property as agreed between the
vendor and the Company, but the extent and cost thereof have not yet been agreed. The
Company has the option to purchase the 1% NSR royalty from the vendor for the sum of USD
500,000 at any time.
Pursuant to a binding letter of intent dated March 12, 2007, the Company has granted to a
public company the option to acquire up to a 70% interest in the property. Pursuant to the
letter of intent, the optionee had a period of 60 days to carry out due diligence. The Company
received a payment of USD 40,000 on the signing of the letter of intent, which was refundable
to the optionee if it declined to proceed. The optionee elected to proceed. The optionee may
earn an initial 60% interest in the property by incurring an aggregate of USD 3,500,000 in
expenditures over four years (including making all payments required pursuant to the
underlying agreement). Upon the optionee having earned an initial 60% interest, the Company
may elect to either participate at its 40% interest level, or request the optionee to fund the
preparation of a bankable feasibility study within four years of such request and thereby earn
an additional 10% interest in the joint venture. Upon such request being made by the
Company, the optionee may either elect to fund the bankable feasibility study or not. If it does
so, it will earn the additional 10% interest upon completion of the bankable feasibility study.
Following the formation of the joint venture and the completion of its earn-in requirements by
the optionee, each participant is responsible for funding its share of joint venture expenditures.
If it does not do so, its interest will be diluted. Upon the interest of a participant being diluted
to less than 10%, such interest will be converted to a 2% net smelter return royalty.
In June, 2007, the optionee elected to make all remaining payments required under the
underlying agreement, and thereby permit the Company to exercise the option and acquire the
property (subject to the 1% NSR royalty). The property has been transferred to the Company,
and is in the process of being transferred by the Company to a special purpose Argentinean
joint venture company owned jointly by the Company and the optionee.
(c) Pirquitas Property, Jujuy Province, Argentina.
The Pirquitas Property consists of one cateo (approximately 4,382 hectares) near the town of
Minas Pirquitas. The property was acquired by the Company through staking and application
therefor.
The Company has reached an agreement with an Australian private company, whereby the
optionee may earn a 55% interest in the Pirquitas Property by incurring exploration
expenditures of USD 1,000,000 over four years, of which USD 50,000 must be incurred in the
first year. Following the optionee having earned its interest, the parties will enter into a joint
venture, and thereafter each party is required to contribute its proportional share of further
expenditures or be diluted on a straight-line basis. The agreement is subject to the execution of
formal documentation (currently being drafted);
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
28
6. RESOURCE PROPERTIES (Continued)
(c) Peru
i. Marcona Project, Lucanas, Nazca and Caraveli Provinces, Peru (Carbonera and Daniella
Properties)
Pursuant to option agreements dated October 1, 2003 and October 23, 2003 between the Company
and a private Peruvian company, the Company acquired mineral concessions covering
approximately 30,000 hectares in Lucanas, Nazca and Caraveli Provinces, Peru. Approximately
10,500 hectares of these concessions are subject to an underlying agreement with Rio Tinto Mining
and Exploration Limited (“Rio Tinto”). The private company holds the exclusive right and option
to acquire a 100% interest from Rio Tinto, subject to a 0.5% NSR to Rio Tinto, by incurring USD
450,000 in exploration expenditures over three years ending August 22, 2006 and by paying Rio
Tinto USD 500,000 (of which USD 50,000 has been paid) on or before January 27, 2008. The
Company can earn a 100% interest in all 30,000 hectares by assuming and performing all
commitments to Rio Tinto pursuant to the underlying agreement, paying the vendor an aggregate of
USD 120,000 (paid) and issuing an aggregate of 650,000 common shares to the vendor, as follows:
- 150,000 common shares on TSXV acceptance (issued);
- 100,000 common shares on or before May 28, 2004 (issued);
- 200,000 common shares on or before November 28, 2004 (issued); and
- 200,000 common shares on or before November 28, 2005 (issued).
The Company considers this an active project; however, no work programs are currently planned.
As of October 31, 2007, the Company wrote down its investment in the property by $1,890,172.
ii. Pampa de Pongo Property, Caraveli Province, Peru
Pursuant to an option agreement dated February 2, 2004 between the Company and a private
Peruvian company, the Company can acquire a 100% interest in mineral concessions covering
approximately 8,000 hectares in Caraveli Province, Peru. The private Peruvian company holds the
exclusive right and option to acquire a 100% interest in these concessions from Rio Tinto in
consideration of the payment to Rio Tinto of aggregate payments of USD 500,000 over four years
as follows:
- USD 50,000 on or before January 27, 2005 (paid);
- USD 50,000 on or before January 27, 2006 (paid);
- USD 100,000 on or before January 27, 2007 (paid); and
- USD 300,000 on or before January 27, 2008 (paid).
The Company can earn a 100% interest in the property by assuming all of the obligations of the
private company pursuant to the underlying agreement with Rio Tinto, and making the following
payments and share issuances:
Payments aggregating USD 130,900 as follows:
- USD 65,900 on or before March 12, 2004 (for back taxes on the property) (paid); and
- USD 65,000 on or before March 12, 2004 (paid).
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
29
6. RESOURCE PROPERTIES (Continued)
Issuance of an aggregate of 70,000 common shares, as follows:
- 35,000 shares on or before March 12, 2004 (issued); and
- 35,000 shares on or before September 12, 2004 (issued).
The Company gave notice to Rio Tinto that it was exercising the option, and has made the final
USD 300,000 payment to do so. Rio Tinto has acknowledged receipt of this payment and is in the
process of transferring the property to the Company. The Company considers this an active project,
and plans a drilling program in 2008.
iii. Katanga Property, Chumbirilcas Province, Peru
Pursuant to an option agreement dated October 1, 2004 between the Company and a private
Peruvian company, the Company can acquire a 100% interest in approximately 9,560 hectares of
mineral concessions in Chumbirilcas Province, Peru.
The private Peruvian company holds the exclusive right and option to acquire a 100% interest in
these concessions from a group of vendors comprised of three private Peruvian companies and two
Peruvian individuals (“Underlying Vendors”). The private Peruvian company has the right to
acquire a 100% interest in the subject concessions in consideration of aggregate payments of USD
1,900,000 over five years. The Company can acquire a 100% interest in the concessions by
assuming the obligations of the private Peruvian company to the Underlying Vendors and making
aggregate payments to the private Peruvian company of USD 501,000, as follows:
- USD 261,000 on or before the execution of the agreement (paid); and
- USD 240,000, as to USD 10,000 on or before November 1, 2004 and as to the balance on or
before the first day of each succeeding month (paid).
The Company has returned a significant portion of the underlying claims to the vendor and,
accordingly, has recognized a write-down of $248,294 during the year ended October 31, 2006. As
a consequence, the Underlying Vendor has agreed to renegotiate the USD 1,900,000 purchase
price, and the Company has not been required to make further payments (including the USD
100,000 payment originally due June 30, 2006) while such renegotiations are ongoing. The balance
of the property continues to be evaluated for further exploration potential. As of October 31, 2007,
the Company wrote down its remaining investment in the property in the amount of $385,013.
iv. Iron Sands Project, Nazca Province, Peru
The Company’s Iron Sands Project consists of approximately 32,000 hectares of unconsolidated
and semi-consolidated mineral bearing sands, the rights to which are encompassed by the mineral
claims comprising the Carbonera and Daniella properties (Note 6(c)(i)), and an additional 39
mineral claims acquired by staking at a cost of USD 77,000, in the Department of Arequipa, Peru.
In addition to the foregoing, the Company has assumed, from a private Peruvian company, all
rights and obligations under an agreement dated December 16, 2005 between a private Peruvian
company and Minera Ataspacas S.A., an arm’s length private Peruvian company, whereby the
private Peruvian company has the option to acquire, from Minera Ataspacas, an initial 70% interest
in five mineral sand concessions (3,500 hectares total) situated immediately adjacent to the
Company’s mineral tenures noted above. In order to exercise the option, the Company is required
to pay a total of USD 2,500,000 over five years to December 15, 2010 (with an initial payment of
USD 20,000 on or before December 16, 2005 (paid)) and incur exploration expenditures of not less
than USD 250,000 over the same period. Upon the Company having acquired the 70% interest, a
joint venture company will be formed with Minera Ataspacas, and each party will thereafter be
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
30
6. RESOURCE PROPERTIES (Continued)
required to contribute its share of ongoing expenditures or be diluted. If either party is diluted to
less than 10%, such interest will be converted to a 2% NSR royalty. If Minera Ataspacas is
reduced to the 2% NSR, the Company may purchase half the NSR (1%) for USD 2,000,000 within
24 months of the exercise of the option, and the remaining half (1%) for USD 8,000,000 within 36
months of the exercise of the option.
The Company has entered into an agreement dated October 20, 2005 with the Peruvian subsidiary
of a public B.C. company (the “Optionee”), whereby the Company has granted the Optionee the
right to earn a 70% interest in the “hard rock” mineral rights (thereby excluding the unconsolidated
and semi-consolidated mineral sands on such claims) accruing to the mineral claims comprising the
Iron Sands Project. In order to exercise the option, the Optionee is required to incur an aggregate
of USD 3,000,000 in expenditures over four years to November 18, 2009 and perform all of the
obligations of the Company under the underlying agreements with respect to the Carbonera and
Daniella properties (Note 6(c)(i)), including making all payments and incurring all exploration
expenditures required thereunder. Upon the Optionee having earned its 70% interest, the Optionee
and the Company will incorporate a new Peruvian company to hold such rights, in which the
Optionee and the Company will hold a 70% and a 30% interest therein, respectively. Each party
will thereafter be required to contribute its pro rata share of future expenditures, and a party failing
to contribute will have its interest in the joint venture company diluted. At such point as a party’s
interest in the joint venture company is reduced to 10%, such interest will be acquired by the joint
venture company in exchange for the grant to the diluted party of a 1% NSR. The Optionee has
terminated the agreement, effective April 16, 2007.
The Company is currently actively exploring this property with work programs planned for 2008.
v. Corongo Project, Huanuco Province, Peru
Pursuant to an option agreement between the Company and a private Peruvian company made as of
May 15, 2005, the Company has the option to acquire a 100% interest in 10 mineral claims located
in the Department of Ancash, Peru covering approximately 6,400 hectares by making a payment of
USD 40,000 upon signing (paid) and issuing an aggregate of 300,000 common shares, as follows:
- 100,000 shares on or before 10 days after the date of regulatory acceptance (issued);
- 100,000 shares on or before November 15, 2006 (issued); and
- 100,000 shares on or before May 15, 2008.
As of October 31, 2007, the Company wrote down its investment in the property by $569,717.
vi. Bocana Property, Peru
Pursuant to an option agreement dated August 1, 2006, between the Company, a Peruvian
individual and a private Panamanian corporation, the Company has the right to acquire a 75%
interest in two mining concessions (approximately 1,795 hectares). In order to maintain the option
in good standing and to be permitted to carry out exploration activities prior to such exercise, the
Company is required to make payments and incur exploration expenditures as follows:
Payments of USD 500,000, as follows:
- USD 50,000 on signing (paid);
- USD 100,000 on or before August 1, 2007(paid);
- USD 150,000 on or before August 1, 2008; and
- USD 200,000 on or before August 1, 2009.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
31
6. RESOURCE PROPERTIES (Continued)
In addition to the foregoing, the agreement requires aggregate payments of USD 120,000 (USD
5,000 per month) to a third party (a private Florida corporation) for a period of 24 months
following the execution of the agreement (all of which have been paid for the fiscal year ending
October 31, 2007 and for the subsequent period up to April 30, 2008).
Cumulative exploration expenditures of USD 1,850,000, as follows:
- USD 350,000 on or before August 1, 2007 (postponed);
- USD 850,000 on or before August 1, 2008; and
- USD 1,850,000 on or before August 1, 2009.
Upon the Company having exercised the option, the property will be transferred to a new private
Peruvian company, in which the Company will have a 75% interest and the vendor will have a 25%
interest. The Company is responsible for funding 100% of the expenditures incurred by the new
company (the interest of the vendor therein being “carried”). The Company will have the option to
acquire the 25% interest of the vendor in the new company for the sum of USD 2,500,000 at any
time after the Company exercises the option to acquire the initial 75% interest.
The Company considers this an active project however no work programs are currently planned.
vii. Amable Maria Property, Peru. The Amable Maria Property consists of 37 mining concessions
(approximately 29,620 hectares) located in the Provinces of Chanchamayo and Jauja, Department
of Junin, Peru, and acquired by the Company through staking and application therefor. The
Company does not presently plan any work programs on the property, and is seeking a joint venture
partner.
(d) Chile
Pedernales Property, Chile. The Pedernales Property consists of two exploitation concessions. Pursuant to
an agreement dated December 27, 2007, the Company has the right to acquire a 100% interest, subject to a
3% NSR royalty, for aggregate payments of USD 7,300,000 over five years, as follows:
- USD 20,000 on execution ( paid);
- USD 20,000 on or before January 4, 2008 (paid);
- USD 60,000 on or before January 27, 2008;
- USD 200,000 on or before July 31, 2008;
- USD 400,000 on or before July 31, 2009;
- USD 600,000 on or before July 31, 2010;
- USD 1,000,000 on or before July 31, 2011; and
- USD 5,000,000 on or before July 31, 2012.
The Company can exercise the option at any time upon payment of USD 5,000,000, following which no
additional payments are required. The Company has the right to buy one-half (1.5%) of the 3% NSR royalty
for a payment of USD 5,000,000. After the exercise of the option, the Company is required to pay advance
minimum royalties of USD 1,000,000 per year for the first three years, which amounts are recoupable from
the production royalties. The owner has the right to mine “non-metallic” ores.
As at April 30, 2008, the Company returned the property to its owner. All costs with respect to this property
have been expensed as property evaluation.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
32
6. RESOURCE PROPERTIES (Continued)
(e) Title and environmental
Although the Company has taken steps to verify the title to mineral properties in which it has or has a right
to acquire an interest in accordance with industry standards for the current stage of exploration of such
properties, these procedures do not guarantee title (whether of the Company or of any underlying vendor(s)
from whom the Company may be acquiring its interest). Title to mineral properties may be subject to
unregistered prior agreements or transfers, and may also be affected by undetected defects or the rights of
indigenous peoples. Environmental legislation is becoming increasingly stringent and costs and expenses of
regulatory compliance are increasing. The impact of new and future environmental legislation on the
Company’s operations may cause additional expenses and restrictions. If the restrictions adversely affect the
scope of exploration and development on the mineral properties, the potential for production on the property
may be diminished or negated.
(f) Asset retirement obligations (“ARO”):
The Company is not aware of any AROs as of April 30, 2008 and October 31, 2007.
7. CAPITAL STOCK
(a) Authorized
An unlimited number of common shares without par value
(b) Private placements
On January 12, 2007, the Company closed a non-brokered private placement of 1,500,000 units and on
January 23, 2007 the Company closed a brokered private placement of 2,200,000 units. In each placement
the units were sold at $1.50 per unit, and a unit consisted of one common share and one-half of a warrant,
with one whole warrant being exercisable to purchase an additional common share at a price of $2.00 for a
period of 18 months. The net proceeds from the private placements totalled $5,268,170. The Company
issued 89,000 units valued at $1.50 per unit to the agent. The Company also granted 176,000 compensation
options under the brokered private placement entitling the agent to purchase 176,000 common shares at a
price of $1.75 for a period of 18 months. The Company paid finders or agents’ fees of $116,333 and
$134,620 for the non-brokered and brokered financings respectively, together with legal costs of $30,877.
Non-cash costs totalled $254,580 comprised of $133,500 in agent compensation shares and $121,080 in
stock-based compensation related to the warrants and compensation options.
On February 29, 2008, the Company closed a brokered private placement of 5,150,000 units and a nonbrokered
private placement of 2,351,000 units. In each placement, the units were sold at $1.10 per unit, and
each unit consisted of one common share and one-half of a warrant, and with one whole warrant being
exercisable to purchase an additional common share at a price of $1.50 for a period of 24 months. The net
proceeds from the private placements totalled $7,388,413. The Company paid a cash commission of
$735,088 and issued 50,000 units valued at $1.10 per unit to the agent, together with legal costs of $127,601.
The Company also issued 515,000 agent’s warrants in the brokered financing and 235,100 finder’s warrants
in the non-brokered financing. Each of such warrants is exercisable to acquire one common share for a
period of 24 months at a price of $1.35.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
33
7. CAPITAL STOCK (Continued)
(c) Share purchase warrants
The following common share purchase warrants entitle the holders thereof the right to purchase one
common share for each warrant. Warrants outstanding are as follows:
April 30, 2008
October 31, 2007
(audited)
Number of
Warrants
Weighted
Average
Exercise
Price
Number of
Warrants
Weighted
Average
Exercise
Price
Warrants exercisable, beginning of period 1,894,500 $ 2.00 - $ -
Expired - - - -
Issued 4,525,600 1.48 1,894,500 2.00
Warrants exercisable, end of period 6,420,100 $ 1.63 1,894,500 $ 2.00
(d) Stock options
The Company has a stock option plan whereby the Company may grant options to directors, officers,
employees and consultants to purchase common shares, provided that the number of shares subject to such
options may not exceed 10% of the common shares outstanding at the time of any grant (not including agent
or broker options). The exercise price of each option is equal to or higher than the market price of the
Company’s common shares at the date of the grant. The option term and vesting period is determined by the
board of directors within regulatory guidelines. All options are granted at fair value.
A summary of the status of the stock option plan as of April 30, 2008 and October 31, 2007, and changes
during the periods ended on those dates is presented below:
April 30, 2008
October 31, 2007
(audited)
Number of
Shares
Weighted
Average
Exercise Price
Number of
Shares
Weighted
Average
Exercise Price
Options outstanding, opening 4,906,000 $2.02 4,150,800 $2.51
Expired and cancelled - (1,680,800) (3.80)
Exercised (487,500) 1.82 (190,000) (1.73)
Granted 500,000 1.50 2,626,000 1.90
Options outstanding, ending 4,918,500 $2.32 4,906,000 $2.02
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
34
7. CAPITAL STOCK (Continued)
Stock options outstanding are as follows:
April 30, 2008
October 31, 2007
(audited)
Expiry Date
Exercise
Price
Number of
Shares
Exercisable
at Year
End
Exercise
Price
Number of
Shares
Exercisable
at Year
End
May 2, 2008 $ 2.80 950,000 950,000 $ 2.80 950,000 950,000
July 23, 2008 $ 1.75 176,000 176,000 $ 1.75 176,000 176,000
August 4, 2008 $ 1.95 1,275,000 1,275,000 $ 1.95 1,275,000 1,275,000
October 12, 2008 $ 1.70 - - $ 1.70 300,000 300,000
November 30, 2008 $ 2.00 412,500 412,500 $ 2.00 600,000 600,000
December 20, 2008 $ 1.70 255,000 255,000 $ 1.70 255,000 255,000
April 11, 2009 $ 3.28 100,000 100,000 $ 3.28 100,000 100,000
September 7, 2009 $ 1.47 900,000 900,000 $ 1.47 900,000 900,000
October 3, 2009 $ 1.91 350,000 350,000 $ 1.91 350,000 350,000
January 16, 2010 $ 1.50 500,000 500,000 $ - - -
4,918,500 4,918,500 4,906,000 4,906,000
(d) Stock options (continued)
The Company uses the fair value method for determining stock-based compensation for all options granted
during the fiscal periods. The fair value was determined using the Black-Scholes option pricing model
based on the following assumptions.
Period Ended
April 30, 2008
Year Ended
October 31, 2007
(audited)
Year Ended
October 31, 2006
(audited)
Expected life (years) 2.00 1.97 2.0
Interest rate 3.34% 4.06% 4.33%
Volatility (average) 73.20% 65.03% 60.96%
Dividend yield 0.00% 0.00% 0.00%
Stock-based compensation charges for the six month period ended April 30, 2008 of $ 124,610 (2007 -
$742,156) were allocated to salary expenses, also, $186,914 (2007 - $98,393) was allocated to investor
relations expense, $320,634 (2007 – $121,080) was allocated to share issue cost, and $nil (2007 - $178,144)
was allocated to consulting expense.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
35
8. RELATED PARTY TRANSACTIONS
During the six months ended April 30, 2008 and 2007, the Company incurred expenses paid to officers or directors of
the Company or companies with common directors:
2008 2007
Professional fees $ 44,138 $ 53,500
Consulting fees $ 45,000 $ 45,000
At April 30, 2008 there was $7,700 (October 31, 2007 - $7,769) included in accounts payable and accrued liabilities,
and $467,902 (October 31, 2007- $220,646) included in accounts receivable owing to/from related parties.
Professional fees include amounts paid to a law firm of which a director is a shareholder.
The Company recovered $101,850 during the period ended April 30, 2008 (2007 - $66,990) in rent and
administration costs from Wealth Minerals Ltd., International Tower Hill Mines Ltd., Indico Resources Ltd., Athlone
Energy Ltd. and Lawrence W. Talbot Law Corporation (“LWTLC”), companies with common officers or directors.
These charges were measured by the exchange amount, which is the amount agreed upon by the transacting parties
and are on terms and conditions similar to non-related entities.
Effective October 1, 2005, the Company retained Mr. Carlos Ballon of Lima, Peru, to provide management services
on behalf of the Company in Peru through his private Peruvian company, Minera Koripampa del Peru S.A., for a fee
of USD 10,000 per month (reduced to USD 7,500 per month starting from March, 2007), which has been expensed to
consulting fees. Mr. Ballon became President of Cardero Peru in April 2006. Accordingly, Mr. Ballon is a related
party with respect to the Company. Prior to Mr. Ballon becoming a related party, the Company entered into a
number of mineral property acquisition/option agreements from either Minera Koripampa del Peru S.A. or
Sudamericana de Metales Peru S.A., another private Peruvian company controlled by Mr. Ballon. Such property
transactions include those with respect to the Carbonera and Daniella Properties (note 6(c)(i)), the Pampa de Pongo
Property (note 6(c)(ii)), the Katanga Property (note 6(c)(iii), the Lircay Project (note 6(c)(v)) and the Corongo Project
(note 6(c)(vi)).
The presidents of Minerales y Metales California, S.A. de C.V. and Cardero Argentina S.A. provide management
services for USD 3,750 each per month, which is expensed to consulting fees or capitalized to property costs,
depending upon the nature of the services.
The Company has entered into a retainer agreement dated May 1, 2007 with LWTLC, pursuant to which LWTLC
agrees to provide legal services to the Company. Pursuant to the retainer agreement, the Company has agreed to pay
LWTLC a minimum annual retainer of $82,500 (plus applicable taxes and disbursements). The retainer agreement
may be terminated by LWTLC on reasonable notice, and by the Company on one year’s notice (or payment of one
year’s retainer in lieu of notice).
9. GEOGRAPHIC SEGMENTED DATA
April 30, 2008
Canada Peru Argentina Mexico Total
Resource properties $ - $ 9,422,924 $ 6,566,949 $ 6,971,605 $ 22,961,478
Cash 4,700,302 19,055 114,025 69,928 4,903,310
Investments 6,151,961 - - - 6,151,961
Other 1,201,706 389,515 736,173 30.986 2,358,380
$ 12,053,969 $ 9,831,494 $ 7,417,147 $ 7,072,519 $ 36,375,129
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
36
9. GEOGRAPHIC SEGMENTED DATA (Continued)
October 31, 2007
(audited)
Canada Peru Argentina Mexico Total
Resource properties $ - $ 8,338,729 $ 6,508,333 $ 5,702,274 $ 20,549,336
Cash 806,460 5,263 2,865 9,896 824,484
Investments 10,100,000 - - - 10,100,000
Other 612,578 282,735 1,654,921 40,662 2,590,896
$ 11,519,038 $ 8,626,727 $ 8,166,119 $ 5,752,832 $ 34,064,716
10. INCOME TAX LOSSES
Six months ended
April 30
2008
2007
(Restated – Note 3)
Income tax expense (benefits) (1,743,276) $ (352,956)
Permanent differences 786,793 (289,995)
Write-down of properties (198,176) 18,059
Other temporary differences (23,338) (14,586)
Unrecognized tax losses 1,177,996 639,478
$ - $ -
The components of future income tax assets are as follows:
April 30, 2008
October 31, 2007
(audited)
Future income tax assets
Non-capital loss carry-forwards $ 18,987,960 $ 16,337,238
Difference between undepreciated capital cost
over net book value of property and equipment 84,069 76,770
Cumulative eligible capital deduction 54,712 54,712
Tax value of resource properties in excess of book values 6,715,058 6,175,091
25,841,799 22,643,811
Tax rate 31% 34%
8,010,958 7,698,896
Valuation allowance (8,010,958) (7,698,896)
$ - $ -
The valuation allowance reflects the Company's estimate that the tax assets, more likely than not, will not be realized.
The Company has available approximate non-capital losses that may be carried forward to apply against future years'
income for income tax purposes in all jurisdictions. The losses expire as follows:
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
37
10. INCOME TAX LOSSES
Available to Canada Foreign Total
2008 $ 145,300 $ - $ 145,300
2009 362,200 - 362,200
2010 817,500 22,422 839,922
2011 1,446,600 1,182,790 2,629,390
2012 - 1,603,665 1,603,665
2013 - 186,641 186,641
2015 2,950,500 - 2,950,500
2016 - 1,580,780 1,580,780
2017 - 356,852 356,852
2018 - 230,336 230,336
2026 2,850,500 - 2,850,500
2027 3,086,700 69,800 3,156,500
2028 1,972,253 63,676 2,035,929
$ 13,631,553 $ 5,296,962 $ 18,928,515
11. COMMITMENT
The Company is committed to monthly lease payments for its premises of $11,907 for its current lease expiring
August 31, 2010.
12. SUBSEQUENT EVENTS
Subsequent to April 30, 2008:
a) 30,000 stock options at $1.70 per share, 175,000 stock options at $1.75 per share, 81,234 warrants at $2.00 per
share, and 94,800 warrants at $1.75 per share were exercised.
b) 950,000 stock options at $2.80 per share expired.
13. DIFFERENCES BETWEEN CANADIAN AND UNITED STATES GENERALLY ACCEPTED
ACCOUNTING PRINCIPLES (GAAP)
(a) Differences in accounting principles
i. Restatement
In addition to the restatement described in Note 3, the Company has restated net loss per US GAAP
and comprehensive to account for the fair value of derivative financial instruments totalling
$560,000 not previously recognized in the three months ended January 31, 2007. An adjustment for
the cost of mineral properties capitalized has also been reflected in that period.
ii. Exploration expenditures
Under Canadian GAAP, acquisition costs and exploration expenditures are capitalized. Under US GAAP,
exploration costs incurred in locating areas of potential mineralization are expensed as incurred. Commercial
feasibility is established in compliance with the Securities and Exchange Commission (“SEC”) Industry Guide
7, which consists of identifying that part of mineral deposit that could be economically and legally extracted or
produced at the time of the reserve determination. After an area of interest has been assessed as commercially
feasible, expenditures specific to the area of interest for further development are capitalized. In deciding when
an area of interest is likely to be commercially feasible, management may consider, among other factors, the
results of pre-feasibility studies, detailed analysis of drilling results, the supply and cost of required labour and
equipment, and whether necessary mining and environmental permits can be obtained.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
38
13. DIFFERENCES BETWEEN CANADIAN AND UNITED STATES GENERALLY ACCEPTED
ACCOUNTING PRINCIPLES (GAAP) (Continued)
Under US GAAP, mining projects, and oil and gas interests are reviewed for impairment whenever
events or changes in circumstances indicate that the carrying amounts of these assets may not be
recoverable. If estimated future cash flows expected to result from the use of the mining project or
property, and their eventual disposition are less than the carrying amount of the mining project,
property, an impairment is recognized based upon the estimated fair value of the mining project,
property. Fair value generally is based on the present value of estimated future net cash flows for
each mining project, property, calculated using estimated mineable reserves, mineral resources, and
oil and gas reserves based on engineering reports, projected rates of production over the estimated
mine or well life, recovery rates, capital requirements, remediation costs and future prices
considering the Company’s hedging and marketing plans.
iii. Financial instruments
Under Canadian GAAP prior to October 31, 2006, investments were carried at the lower of
aggregate cost or quoted market value. Subsequent to that date, investments in marketable
securities classified as available for sale and derivative financial instruments classified as held for
trading are all recognized at fair value for both Canadian and US GAAP. Unrealized gains and
losses are included in other comprehensive income or operations for available for sale and held for
trading investments respectively.
iv. Reconciliation of total assets, liabilities and shareholders’ equity:
April 30,
2008
October 31,
2007
(audited)
Total assets per Canadian GAAP $ 36,375,129 $ 34,064,716
Expenditures on resource properties expensed under
US GAAP
(14,943,087)
(13,924,493)
Fair value adjustment to investment - -
Total assets per US GAAP as previously reported 21,432,042 20,140,223
Fair value adjustment to derivative financial instruments - -
Adjustment to acquisition of mineral properties capitalized - -
Total assets per US GAAP (restated) $ 21,432,042 $ 20,140,223
Total liabilities per Canadian and US GAAP $ 605,452 $ 594,056
Total shareholders’ equity per Canadian GAAP 35,769,677 33,470,660
Expenditures on resource properties
expensed under US GAAP (14,943,087) (13,924,493)
Accumulated other comprehensive income - -
Total shareholders’ equity per US GAAP as previously
reported
20,826,590
19,546,167
Fair value adjustment to derivative financial instruments - -
Adjustment to acquisition of mineral properties capitalized - -
Total equity per US GAAP (restated) 20,826,590 19,546,167
Total liabilities and shareholders’ equity per US GAAP
(restated) $ 21,432,042 $ 20,140,223
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
39
13. DIFFERENCES BETWEEN CANADIAN AND UNITED STATES GENERALLY ACCEPTED
ACCOUNTING PRINCIPLES (GAAP) (Continued)
v. Reconciliation of net loss and comprehensive loss reported in Canadian GAAP and US GAAP:
Statement of operations for the six months ended April 30:
2008 2007
(restated)
Reconciliation of net income (loss) from Canadian GAAP to
US GAAP
Net loss per Canadian GAAP $ (5,623,472) $ (1,035,061)
Acquisition of mineral properties - (947,175)
Exploration and development costs, net (1,458,923) (2,133,904)
Reverse amounts written-off 440,329 52,958
Total difference (1,018,594) (3,028,121)
Net loss per US GAAP (2007 - as previously reported) (6,642,066) (4,063,182)
Unrealized gain on derivative investments - -
Acquisition of mineral properties capitalized - 919,364
Total net loss per US GAAP (2007- restated) $ (6,642,066) $ (3,143,818)
Weighted average number of common shares outstanding 50,714,293 45,546,235
Loss per share in accordance with Canadian GAAP $ (0.11) $ (0.02)
Total differences (0.02) (0.05)
Loss per share in accordance with US GAAP $ (0.13) $ (0.07)
Statement of comprehensive loss for six months ended April 30:
2008 2007
(restated)
Comprehensive loss in accordance with Canadian GAAP $ (7,285,919) $ (1,305,061)
Unrealized gain on investment -
Total difference in net loss between Canadian GAAP and US
GAAP (1,018,594)
(3,028,121)
Total comprehensive loss per US GAAP as previously
reported (8,304,511) (4,333,182)
Unrealized gain on derivative investments - -
Acquisition of mineral properties capitalized - 919,364
Total comprehensive loss in accordance with US GAAP
(restated) $ (8,304,513) $ (3,413,818)
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
40
13. DIFFERENCES BETWEEN CANADIAN AND UNITED STATES GENERALLY ACCEPTED
ACCOUNTING PRINCIPLES (GAAP) (Continued)
v. Reconciliation of cash flows in accordance with Canadian GAAP and US GAAP:
Statement of cash flow for six months ended April 30:
2008
2007
(restated)
Net cash used in operating activities of continuing operations in
accordance with Canadian GAAP $ (2,246,219) $ (1,090,873)
Adjustments to net loss involving use of cash
Write-off of capitalized resource property costs (1,401,384) (1,604,265)
Net cash used in operating activities of continuing operations in
accordance with US GAAP as previously reported (3,647,603) (2,695,138)
Acquisition of mineral properties capitalized - 559,762
Net cash used in operating activities of continuing operations in
accordance with US GAAP (restated) (3,647,603) (2,135,376)
Net cash used in investing activities of continuing operations in
accordance with Canadian GAAP (1,948,367) 773,707
Reclassification of capitalized resource property expenditures 1,401,384 1,604,265
Net cash provided by (used in) investing activities of continuing
operations in accordance with US GAAP as previously reported (546,983) 2,377,972
Acquisition of mineral properties capitalized - (559,762)
Net cash provided by (used in) investing activities of continuing
operations in accordance with US GAAP (restated) (546,983) 1,818,210
Net cash flows provided by financing activities of continuing
operations in accordance with Canadian and US GAAP 8,273,412 5,467,754
Net increase (decrease) in cash and cash equivalents in
accordance with Canadian and US GAAP
4,078,826
5,150,588
Cash and cash equivalents, beginning of period in accordance
with Canadian and US GAAP
824,484
4,506,165
Cash and cash equivalents, end of period in accordance with
Canadian and US GAAP
$ 4,903,310 $ 9,656,753
(b) Recent US accounting pronouncements
i. On July 13, 2006, FASB issued Interpretation No. 48, Accounting for Uncertainty in Income
Taxes—an interpretation of FASB Statement No. 109. Interpretation 48 clarifies the accounting for
uncertainty in income taxes recognized in an entity’s financial statements in accordance with
Statement 109 and prescribes a recognition threshold and measurement attribute for financial
statement disclosure of tax positions taken or expected to be taken on a tax return. Additionally,
Interpretation 48 provides guidance on de-recognition, classification, interest and penalties,
accounting in interim periods, disclosure and transition. Interpretation 48 is effective for fiscal
years beginning after December 15, 2006, with early adoption permitted. The Company is
currently evaluating whether the adoption of Interpretation 48 will have a material effect on its
consolidated financial position, results of operations or cash flows.
CARDERO RESOURCE CORP.
(An Exploration Stage Company)
Notes to Consolidated Financial Statements
Six months Ended April 30, 2008 and 2007
(Unaudited – Prepared by Management)
41
13. DIFFERENCES BETWEEN CANADIAN AND UNITED STATES GENERALLY ACCEPTED
ACCOUNTING PRINCIPLES (GAAP) (Continued)
ii. In September 2006, the U.S. Securities and Exchange Commission issued Staff Accounting
Bulletin 108 (“SAB 108”). The interpretations in this bulletin express the staff’s views regarding
the process of quantifying financial statement misstatements and are being issued to address
diversity in practice in quantifying financial statement misstatements and the potential under
current practice for the build up of improper amounts on the balance sheet. SAB 108 is not
expected to have a material impact on the Company’s consolidated financial statements.
iii. In September 2006, the FASB issued SFAS No. 157, “Fair Value Measurements” (“SFAS No.
157”). The SFAS 157 defines fair value, establishes a framework for measuring fair value in
generally accepted accounting principles, and expands disclosures about fair value measurements.
This statement does not require any new fair value measurements; however, for some entities the
application of this statement will change current practice. SFAS No. 157 is effective for financial
statements issued for fiscal years beginning after November 15, 2007, and interim periods within
those fiscal years, although early adoption is permitted. SFAS 157 is not expected to have a
material impact on the Company’s consolidated financial statements.
iv. In February 2007, the FASB issued SFAS No.159, “The Fair Value Option for Financial Assets and
Financial Liabilities”. SFAS 159 permits companies to choose to measure many financial
instruments and certain other items at fair value. This statement expands the use of fair value
measurement and applies to companies that elect the fair value option. The fair value option
established by this statement permits all entities to choose to measure eligible items at fair value at
specified election dates. This statement is effective as of the beginning of fiscal years that begin
after November 15, 2007. SFAS 159 is not expected to have a material impact on the Company’s
consolidated financial position, results of operations or cash flows.
v. In December 2007, the FASB issued SFAS No. 141(R), Business Combinations (SFAS 141(R)),
which replaces SFAS 141. SFAF 141(R) requires assets and liabilities acquired in a business
combination, contingent consideration, and certain acquired contingencies to be measured at their
fair values as of the date of acquisition. SFAS 141(R) also requires that acquisition-related costs
and restructuring costs be recognized separately from the business combination. SFAS 141(R) is
effective for fiscal years beginning after December 15, 2008 and will be effective for business
combinations entered into after January 1, 2009.
vi. In December 2007, the FASB issued SFAS No. 160, Non-controlling Interests in Consolidated
Financial Statements, an Amendment of ARB No.51 (SFAS 160). SFAS 160 clarifies the
accounting for non-controlling interests and establishes accounting and reporting standards for the
non-controlling interest in a subsidiary, including classification as a component of equity. SFAS
160 is effective for fiscal years beginning after December 15, 2008. The Company does not
currently have any minority interests.
Sicherlich wird er nichts zu den Spielchen mit den Warrants und Optionen sagen und wie einige Kasse machen.
Antwort auf Beitrag Nr.: 34.457.539 von Bybbi am 08.07.08 09:44:54Lügnern und Verleumdern muss man nichts dazu sagen, deren gestörte, selektive Wahrnehmung und die immanenten intriganten, diskreditierenden Absichten verhindern jegliche sachliche Einschätzung.
Wenn jemand sehen will , wie ein Bieterkrieg ausschaut, der sehe auf die Umsätze von Cardero in Deutschland.
Man sieht förmlich , wie die Fetzen fliegen und immer neue Höchststände erreicht werden.
Man sieht förmlich , wie die Fetzen fliegen und immer neue Höchststände erreicht werden.
Die abgekackten Explorer nehmen die kommende Konjunkturabkühlung und die damit einhergehende Korrektur bei den Rohstoffen schon vorweg.
Nur gut das Cardero PdP auf Lager hat. Liegt ja auch nicht tief das Zeug , sind doch nur ca. 400 Meterund die Abbaukosten sind auch nicht explodiert.
Ach ja , es ist ja noch a`bissel Sand da. Der ist auch nicht extrem verunreinigt. Das beide Projekte der absolute Knaller sind, zeigt das große Interesse der vielen Firmen, die gerade für Cardero bieten.
Haben wir noch die Baja. Wie war das noch. Erst war AA zu doof mit der Bohrgenehmigung dann lag es am Wetter dann brachte das super Management kein Bohrgerät zustande und zu guter letzt hat man sich noch 3 Jahre von irgend welchen Klägern an der Nase rumführen lassen. Dufte Truppe.
So fährt der Rohstoffzug ohne Cardero in weite Ferne.Sieht man sich aber mal die ausgegebenen Aktien vor 5 Jahren und jetzt mal an, sieht man ganz deutlich , das es einigen völlig egal sein kann , ob die was finden oder auch in Produktion bringen. Warrants und Optionen lohnen sich für einige immer. Aber eben nur für einige.
Nur gut das Cardero PdP auf Lager hat.
Liegt ja auch nicht tief das Zeug , sind doch nur ca. 400 Meterund die Abbaukosten sind auch nicht explodiert.Ach ja , es ist ja noch a`bissel Sand da. Der ist auch nicht extrem verunreinigt.
Das beide Projekte der absolute Knaller sind, zeigt das große Interesse der vielen Firmen, die gerade für Cardero bieten.Haben wir noch die Baja. Wie war das noch. Erst war AA zu doof mit der Bohrgenehmigung dann lag es am Wetter dann brachte das super Management kein Bohrgerät zustande und zu guter letzt hat man sich noch 3 Jahre von irgend welchen Klägern an der Nase rumführen lassen. Dufte Truppe.
So fährt der Rohstoffzug ohne Cardero in weite Ferne.
Sieht man sich aber mal die ausgegebenen Aktien vor 5 Jahren und jetzt mal an, sieht man ganz deutlich , das es einigen völlig egal sein kann , ob die was finden oder auch in Produktion bringen. Warrants und Optionen lohnen sich für einige immer. Aber eben nur für einige.
Was ist denn mit der Auflistung , was alles schon im ersten Quartal hätte passieren sollen?
CARDERO RESOURCES CORP. : http://www.cardero.com/
Code of Ethics
CODE OF BUSINESS CONDUCT AND ETHICS
(Adopted by the Board of Directors on December 16, 2004
and revised on September 8, 2006)
INTRODUCTION
Cardero Resource Corp. (the "Company") is committed to the highest standards of legal and ethical business conduct. This Code of Business Conduct and Ethics (the "Code") summarizes the legal, ethical and regulatory standards that the Company must follow and is a reminder to our directors, officers and employees, of the seriousness of that commitment. Compliance with this Code and high standards of business conduct is mandatory for every director, officer and employee of the Company.
Our business is becoming increasingly complex, both in terms of the geographies in which we function and the laws with which we must comply. To help our directors, officers and employees understand what is expected of them and to carry out their responsibilities, we have created this Code. Additionally, we have appointed the Company's Vice-President and General Counsel to serve as the Company Ethics Officer to ensure adherence to the Code.
This Code is not intended to be a comprehensive guide to all of our policies or to all your responsibilities under law or regulation. It provides general parameters to help you resolve the ethical and legal issues you encounter in conducting our business. Think of this Code as a guideline, or a minimum requirement, that must always be followed. If you have any questions about anything in the Code or appropriate actions in light of the Code, you may contact the Company Ethics Officer or the Chair of the Audit Committee.
We expect each of our directors, officers and employees to read and become familiar with the ethical standards described in this Code and to affirm your agreement to adhere to these standards by signing the Compliance Certificate that appears at the end of this Code. Violations of the law, our corporate policies, or this Code may lead to disciplinary action, including dismissal.
OUR CODE OF BUSINESS CONDUCT AND ETHICS
I. We Insist on Honest and Ethical Conduct By All of Our Directors, Officers, Employees and Other Representatives
We place the highest value on the integrity of our directors, our officers and our employees and demand this level of integrity in all our dealings. We insist on not only ethical dealings with others, but on the ethical handling of actual or apparent conflicts of interest between personal and professional relationships.
Fair Dealing
Directors, officers and employees are required to deal honestly and fairly with our business partners, competitors and other third parties. In our dealings with these parties, we:
* prohibit bribes, kickbacks and any other form of improper payment, direct or indirect, to any representative of a government, labour union, business partner or other third party in order to obtain a contract, some other commercial benefit or government action;
* prohibit our directors, officers and employees from accepting any bribe, kickback or improper payment from anyone;
* prohibit gifts or favours of more than nominal value to or from our business partners;
* limit marketing and entertainment expenditures to those that are necessary, prudent, job-related and consistent with our policies;
* require clear and precise communication in our contracts, our advertising, our literature, and our other public statements and seek to eliminate misstatement of fact or misleading impressions;
* protect all proprietary data provided to us by third parties as reflected in our agreements with them; and
* prohibit our representatives from otherwise taking unfair advantage of our business partners or other third parties, through inaccurate billing, manipulation, concealment, abuse of privileged information or any other unfair-dealing practice.
Conflicts of Interest; Corporate Opportunities
Our directors, officers and employees should not be involved in any activity that creates or gives the appearance of a conflict of interest between their personal interests and the interests of the Company. In particular, unless specific permission has been provided by the Company Ethics Officer or the Chair of the Audit Committee, no employee, director or officer shall:
* be a consultant to, or a director, officer or employee of, or otherwise operate, an outside business that:
o competes with the Company;
o supplies products or services to the Company (other than professional services such as legal, accounting, geological or financial advisory services); or
o purchases products or services from the Company;
* have any financial interest, including significant stock ownership, in any entity with which we do business that might create or give the appearance of a conflict of interest;
* seek or accept any personal loan or services from any entity with which we do business, except from financial institutions or service providers offering similar loans or services to third parties under similar terms in the ordinary course of their respective businesses;
* be a consultant to, or a director, officer or employee of, or otherwise operate an outside business if the demands of the outside business would interfere with the director's, officer's or employee's responsibilities to us (if in doubt, consult your supervisor, the Company Ethics Officer or the Chair of our Audit Committee);
* accept any personal loan or guarantee of obligations from the Company, except to the extent such arrangements are legally permissible; or
* conduct business on behalf of the Company with immediate family members, which include spouses, children, parents, siblings and persons sharing the same home whether or not legal relatives;
provided, however, that only the Chair of the Audit Committee (or the Board of Directors as a whole, if the potential conflict involves the Chair of the Audit Committee) shall have the authority to grant such permission to a director or officer.
Directors, officers, and employees must notify the Company Ethics Officer or the Chair of the Audit Committee of the existence of any actual or potential conflict of interest.
Confidentiality and Corporate Assets
Our directors, officers and employees are entrusted with our confidential information and with the confidential information of our business partners. This information may include (1) technical or scientific information about current and future projects, (2) business or marketing plans or projections, (3) earnings and other internal financial data, (4) personnel information, (5) supply and customer lists and (6) other non-public information that, if disclosed, might be of use to our competitors, or harmful to our business partners. This information is our property, or the property of our business partners, and in many cases was developed at great expense. Our directors, officers and employees shall:
* Not discuss confidential information with or in the presence of any unauthorized persons, including family members and friends;
* Use confidential information only for our legitimate business purposes and not for personal gain;
* Not disclose confidential information to third parties; and
* Not use Company property or resources for any personal benefit or the personal benefit of anyone else. The property of the Company includes the Company internet, email, and voicemail services, which should be used only for business related activities, and which the Company may monitor at any time without notice.
II. We Provide Full, Fair, Accurate, Timely and Understandable Disclosure
We are committed to providing our shareholders and investors with full, fair, accurate, timely and understandable disclosure in the reports that we file with the United States Securities and Exchange Commission and with the Canadian provincial securities regulators. To this end, our directors, officers and employees shall:
* not make false or misleading entries in our books and records for any reason;
* not condone any undisclosed or unrecorded bank accounts or assets established for any purpose;
* comply with generally accepted accounting principles at all times;
* notify our Chief Financial Officer if there is an unreported transaction;
* maintain a system of internal accounting controls that will provide reasonable assurances to management that all transactions are properly recorded;
* maintain books and records that accurately and fairly reflect our transactions;
* prohibit the establishment of any undisclosed or unrecorded funds or assets;
* maintain a system of internal controls that will provide reasonable assurances to our management that material information about the Company is made known to management, particularly during the periods in which our periodic reports are being prepared;
* present information in a clear and orderly manner and avoid the use of unnecessary legal and financial language in our periodic reports; and
* not communicate to the public any non-public information unless expressly authorized to do so.
Directors, officers and employees must also read and comply with any Disclosure Controls and Procedures Policy adopted by the Company.
III. We Comply With all Laws, Rules and Regulations
We will comply with all laws and governmental regulations that are applicable to our activities, and expect all our directors, officers and employees to obey the law. Specifically, we are committed to:
* maintaining a safe and healthy work environment;
* promoting a workplace that is free from discrimination or harassment based on race, colour, religion, sex, age, national origin, disability or other factors that are unrelated to the Company's business interests;
* supporting fair competition and laws prohibiting restraints of trade and other unfair trade practices;
* conducting our activities in full compliance with all applicable environmental laws;
* keeping the political activities of our directors, officers and employees separate from our business;
* prohibiting any illegal payments, gifts, or gratuities to any government officials or political party;
* prohibiting the unauthorized use, reproduction, or distribution of any third party's trade secrets, copyrighted information or confidential information; and
* complying with all applicable securities laws.
Our directors, officers and employees are prohibited from trading our securities while in possession of material, non-public ("inside") information about the Company. Our Share Trading Policy describes the nature of inside information and the related restrictions on trading.
REPORTING AND EFFECT OF VIOLATIONS
Compliance with this code of conduct is, first and foremost, the individual responsibility of every director, officer and employee. We attempt to foster a work environment in which ethical issues and concerns may be raised and discussed with supervisors or with others without the fear of retribution. It is our responsibility to provide a system of reporting and access when you wish to report a suspected violation, or to seek counselling, and the normal chain of command cannot, for whatever reason, be used.
Administration
Our Board of Directors and Audit Committee have established the standards of business conduct contained in this Code and oversee compliance with this Code. Additionally, we have appointed the Company's Vice-President and General Counsel to serve as the Company Ethics Officer to ensure adherence to the Code. While serving in this capacity, the Company Ethics Officer reports directly to the Board of Directors.
Training on this Code will be included in the orientation of new employees and provided to existing directors, officers, and employees on an on-going basis. To ensure familiarity with the Code, directors, officers, and employees will be asked to read the Code and sign a Compliance Certificate annually.
Reporting Violations and Questions
Directors, officers, and employees must report, in person or in writing, any known or suspected violations of laws, governmental regulations or this Code to either the Company Ethics Officer or the Chair of the Audit Committee of our Board of Directors. Additionally, directors, officers, and employees may contact the Company Ethics Officer or the Chair of the Audit Committee with a question or concern about this Code or a business practice. Any questions or violation reports will be addressed immediately and seriously, and can be made anonymously. If you feel uncomfortable reporting suspected violations to these individuals, you may report matters to Gowling Lafleur Henderson LLP or Dorsey & Whitney LLP, our outside legal counsel. The address and telephone number of these persons are listed in the attachment to this Code.
We will not allow any retaliation against a director, officer or employee who acts in good faith in reporting any violation.
Our Company Ethics Officer will investigate any reported violations and will determine an appropriate response, including corrective action and preventative measures, involving the Chair of the Audit Committee or Chief Executive Officer when required. All reports will be treated confidentially to every extent possible.
Consequences of a Violation.
Directors, officers and employees that violate any laws, governmental regulations or this Code will face appropriate, case specific disciplinary action, which may include demotion or immediate discharge.
Names and Addresses (as of September 8, 2006)
Reporting Contacts:
Company Ethics Officer:
Name: Lawrence W. Talbot
Address: Suite 1901 - 1177 West Hastings
Street, Vancouver, B.C. V6E 2K3
Phone: (604) 408-7488
E-mail: lawrence.talbot@cardero.com The Chair of our Audit Committee:
Name: Stephan A. Fitch
Address: 15 Hanover Square, 4th Floor
London, W1S 1HS
Phone: 011-310-346-9901
E-mail: stephan@iag-ltd.com
Additional Reporting Contacts:
Our Outside Counsel in Canada:
Gowling Lafleur Henderson LLP
Attn: Daniel M. Allen
Suite 2300, Four Bentall Centre
1055 Dunsmuir Street, P.O. Box 49122
Vancouver, British Columbia V7X 1J1
Phone: (604) 891-2741
E-mail: daniel.allen@gowlings.com Our Outside Counsel in the United States:
Dorsey & Whitney LLP
Attn: Randal R. Jones
1420 Fifth Avenue, Suite 3400
Seattle, Washington 98101
Phone: (206) 903-8800
E-mail: jones.randal@dorsey.com
COMPLIANCE CERTIFICATE
I have read and understand the Cardero Resource Corp. Code of Business Conduct and Ethics (the "Code"). I will adhere in all respects to the ethical standards described in the Code. I further confirm my understanding that any violation of the Code will subject me to appropriate disciplinary action, which may include demotion or discharge.
I certify to Cardero Resource Corp. that I am not in violation of the Code, unless I have noted such violation in a signed Statement of Exceptions attached to this Compliance Certificate.
Date: ____________________________________
Name: ____________________________________
Title/Position: __________________________
Check one of the following:
__ A Statement of Exceptions is attached.
__ No Statement of Exceptions is attached.
Copyright © 2008 by Cardero Resources Corp. All rights reserved worldwide.
For more information, send questions and comments to qmai@cardero.com
This page was created on Tue Jul 8, 2008 at 5:22:21 AM Pacific Time.
Code of Ethics
CODE OF BUSINESS CONDUCT AND ETHICS
(Adopted by the Board of Directors on December 16, 2004
and revised on September 8, 2006)
INTRODUCTION
Cardero Resource Corp. (the "Company") is committed to the highest standards of legal and ethical business conduct. This Code of Business Conduct and Ethics (the "Code") summarizes the legal, ethical and regulatory standards that the Company must follow and is a reminder to our directors, officers and employees, of the seriousness of that commitment. Compliance with this Code and high standards of business conduct is mandatory for every director, officer and employee of the Company.
Our business is becoming increasingly complex, both in terms of the geographies in which we function and the laws with which we must comply. To help our directors, officers and employees understand what is expected of them and to carry out their responsibilities, we have created this Code. Additionally, we have appointed the Company's Vice-President and General Counsel to serve as the Company Ethics Officer to ensure adherence to the Code.
This Code is not intended to be a comprehensive guide to all of our policies or to all your responsibilities under law or regulation. It provides general parameters to help you resolve the ethical and legal issues you encounter in conducting our business. Think of this Code as a guideline, or a minimum requirement, that must always be followed. If you have any questions about anything in the Code or appropriate actions in light of the Code, you may contact the Company Ethics Officer or the Chair of the Audit Committee.
We expect each of our directors, officers and employees to read and become familiar with the ethical standards described in this Code and to affirm your agreement to adhere to these standards by signing the Compliance Certificate that appears at the end of this Code. Violations of the law, our corporate policies, or this Code may lead to disciplinary action, including dismissal.
OUR CODE OF BUSINESS CONDUCT AND ETHICS
I. We Insist on Honest and Ethical Conduct By All of Our Directors, Officers, Employees and Other Representatives
We place the highest value on the integrity of our directors, our officers and our employees and demand this level of integrity in all our dealings. We insist on not only ethical dealings with others, but on the ethical handling of actual or apparent conflicts of interest between personal and professional relationships.
Fair Dealing
Directors, officers and employees are required to deal honestly and fairly with our business partners, competitors and other third parties. In our dealings with these parties, we:
* prohibit bribes, kickbacks and any other form of improper payment, direct or indirect, to any representative of a government, labour union, business partner or other third party in order to obtain a contract, some other commercial benefit or government action;
* prohibit our directors, officers and employees from accepting any bribe, kickback or improper payment from anyone;
* prohibit gifts or favours of more than nominal value to or from our business partners;
* limit marketing and entertainment expenditures to those that are necessary, prudent, job-related and consistent with our policies;
* require clear and precise communication in our contracts, our advertising, our literature, and our other public statements and seek to eliminate misstatement of fact or misleading impressions;
* protect all proprietary data provided to us by third parties as reflected in our agreements with them; and
* prohibit our representatives from otherwise taking unfair advantage of our business partners or other third parties, through inaccurate billing, manipulation, concealment, abuse of privileged information or any other unfair-dealing practice.
Conflicts of Interest; Corporate Opportunities
Our directors, officers and employees should not be involved in any activity that creates or gives the appearance of a conflict of interest between their personal interests and the interests of the Company. In particular, unless specific permission has been provided by the Company Ethics Officer or the Chair of the Audit Committee, no employee, director or officer shall:
* be a consultant to, or a director, officer or employee of, or otherwise operate, an outside business that:
o competes with the Company;
o supplies products or services to the Company (other than professional services such as legal, accounting, geological or financial advisory services); or
o purchases products or services from the Company;
* have any financial interest, including significant stock ownership, in any entity with which we do business that might create or give the appearance of a conflict of interest;
* seek or accept any personal loan or services from any entity with which we do business, except from financial institutions or service providers offering similar loans or services to third parties under similar terms in the ordinary course of their respective businesses;
* be a consultant to, or a director, officer or employee of, or otherwise operate an outside business if the demands of the outside business would interfere with the director's, officer's or employee's responsibilities to us (if in doubt, consult your supervisor, the Company Ethics Officer or the Chair of our Audit Committee);
* accept any personal loan or guarantee of obligations from the Company, except to the extent such arrangements are legally permissible; or
* conduct business on behalf of the Company with immediate family members, which include spouses, children, parents, siblings and persons sharing the same home whether or not legal relatives;
provided, however, that only the Chair of the Audit Committee (or the Board of Directors as a whole, if the potential conflict involves the Chair of the Audit Committee) shall have the authority to grant such permission to a director or officer.
Directors, officers, and employees must notify the Company Ethics Officer or the Chair of the Audit Committee of the existence of any actual or potential conflict of interest.
Confidentiality and Corporate Assets
Our directors, officers and employees are entrusted with our confidential information and with the confidential information of our business partners. This information may include (1) technical or scientific information about current and future projects, (2) business or marketing plans or projections, (3) earnings and other internal financial data, (4) personnel information, (5) supply and customer lists and (6) other non-public information that, if disclosed, might be of use to our competitors, or harmful to our business partners. This information is our property, or the property of our business partners, and in many cases was developed at great expense. Our directors, officers and employees shall:
* Not discuss confidential information with or in the presence of any unauthorized persons, including family members and friends;
* Use confidential information only for our legitimate business purposes and not for personal gain;
* Not disclose confidential information to third parties; and
* Not use Company property or resources for any personal benefit or the personal benefit of anyone else. The property of the Company includes the Company internet, email, and voicemail services, which should be used only for business related activities, and which the Company may monitor at any time without notice.
II. We Provide Full, Fair, Accurate, Timely and Understandable Disclosure
We are committed to providing our shareholders and investors with full, fair, accurate, timely and understandable disclosure in the reports that we file with the United States Securities and Exchange Commission and with the Canadian provincial securities regulators. To this end, our directors, officers and employees shall:
* not make false or misleading entries in our books and records for any reason;
* not condone any undisclosed or unrecorded bank accounts or assets established for any purpose;
* comply with generally accepted accounting principles at all times;
* notify our Chief Financial Officer if there is an unreported transaction;
* maintain a system of internal accounting controls that will provide reasonable assurances to management that all transactions are properly recorded;
* maintain books and records that accurately and fairly reflect our transactions;
* prohibit the establishment of any undisclosed or unrecorded funds or assets;
* maintain a system of internal controls that will provide reasonable assurances to our management that material information about the Company is made known to management, particularly during the periods in which our periodic reports are being prepared;
* present information in a clear and orderly manner and avoid the use of unnecessary legal and financial language in our periodic reports; and
* not communicate to the public any non-public information unless expressly authorized to do so.
Directors, officers and employees must also read and comply with any Disclosure Controls and Procedures Policy adopted by the Company.
III. We Comply With all Laws, Rules and Regulations
We will comply with all laws and governmental regulations that are applicable to our activities, and expect all our directors, officers and employees to obey the law. Specifically, we are committed to:
* maintaining a safe and healthy work environment;
* promoting a workplace that is free from discrimination or harassment based on race, colour, religion, sex, age, national origin, disability or other factors that are unrelated to the Company's business interests;
* supporting fair competition and laws prohibiting restraints of trade and other unfair trade practices;
* conducting our activities in full compliance with all applicable environmental laws;
* keeping the political activities of our directors, officers and employees separate from our business;
* prohibiting any illegal payments, gifts, or gratuities to any government officials or political party;
* prohibiting the unauthorized use, reproduction, or distribution of any third party's trade secrets, copyrighted information or confidential information; and
* complying with all applicable securities laws.
Our directors, officers and employees are prohibited from trading our securities while in possession of material, non-public ("inside") information about the Company. Our Share Trading Policy describes the nature of inside information and the related restrictions on trading.
REPORTING AND EFFECT OF VIOLATIONS
Compliance with this code of conduct is, first and foremost, the individual responsibility of every director, officer and employee. We attempt to foster a work environment in which ethical issues and concerns may be raised and discussed with supervisors or with others without the fear of retribution. It is our responsibility to provide a system of reporting and access when you wish to report a suspected violation, or to seek counselling, and the normal chain of command cannot, for whatever reason, be used.
Administration
Our Board of Directors and Audit Committee have established the standards of business conduct contained in this Code and oversee compliance with this Code. Additionally, we have appointed the Company's Vice-President and General Counsel to serve as the Company Ethics Officer to ensure adherence to the Code. While serving in this capacity, the Company Ethics Officer reports directly to the Board of Directors.
Training on this Code will be included in the orientation of new employees and provided to existing directors, officers, and employees on an on-going basis. To ensure familiarity with the Code, directors, officers, and employees will be asked to read the Code and sign a Compliance Certificate annually.
Reporting Violations and Questions
Directors, officers, and employees must report, in person or in writing, any known or suspected violations of laws, governmental regulations or this Code to either the Company Ethics Officer or the Chair of the Audit Committee of our Board of Directors. Additionally, directors, officers, and employees may contact the Company Ethics Officer or the Chair of the Audit Committee with a question or concern about this Code or a business practice. Any questions or violation reports will be addressed immediately and seriously, and can be made anonymously. If you feel uncomfortable reporting suspected violations to these individuals, you may report matters to Gowling Lafleur Henderson LLP or Dorsey & Whitney LLP, our outside legal counsel. The address and telephone number of these persons are listed in the attachment to this Code.
We will not allow any retaliation against a director, officer or employee who acts in good faith in reporting any violation.
Our Company Ethics Officer will investigate any reported violations and will determine an appropriate response, including corrective action and preventative measures, involving the Chair of the Audit Committee or Chief Executive Officer when required. All reports will be treated confidentially to every extent possible.
Consequences of a Violation.
Directors, officers and employees that violate any laws, governmental regulations or this Code will face appropriate, case specific disciplinary action, which may include demotion or immediate discharge.
Names and Addresses (as of September 8, 2006)
Reporting Contacts:
Company Ethics Officer:
Name: Lawrence W. Talbot
Address: Suite 1901 - 1177 West Hastings
Street, Vancouver, B.C. V6E 2K3
Phone: (604) 408-7488
E-mail: lawrence.talbot@cardero.com The Chair of our Audit Committee:
Name: Stephan A. Fitch
Address: 15 Hanover Square, 4th Floor
London, W1S 1HS
Phone: 011-310-346-9901
E-mail: stephan@iag-ltd.com
Additional Reporting Contacts:
Our Outside Counsel in Canada:
Gowling Lafleur Henderson LLP
Attn: Daniel M. Allen
Suite 2300, Four Bentall Centre
1055 Dunsmuir Street, P.O. Box 49122
Vancouver, British Columbia V7X 1J1
Phone: (604) 891-2741
E-mail: daniel.allen@gowlings.com Our Outside Counsel in the United States:
Dorsey & Whitney LLP
Attn: Randal R. Jones
1420 Fifth Avenue, Suite 3400
Seattle, Washington 98101
Phone: (206) 903-8800
E-mail: jones.randal@dorsey.com
COMPLIANCE CERTIFICATE
I have read and understand the Cardero Resource Corp. Code of Business Conduct and Ethics (the "Code"). I will adhere in all respects to the ethical standards described in the Code. I further confirm my understanding that any violation of the Code will subject me to appropriate disciplinary action, which may include demotion or discharge.
I certify to Cardero Resource Corp. that I am not in violation of the Code, unless I have noted such violation in a signed Statement of Exceptions attached to this Compliance Certificate.
Date: ____________________________________
Name: ____________________________________
Title/Position: __________________________
Check one of the following:
__ A Statement of Exceptions is attached.
__ No Statement of Exceptions is attached.
Copyright © 2008 by Cardero Resources Corp. All rights reserved worldwide.
For more information, send questions and comments to qmai@cardero.com
This page was created on Tue Jul 8, 2008 at 5:22:21 AM Pacific Time.
An der AMEX geht es schon wieder schön zur Sache , nämlich runter.
Cardero zerreist es im Übernahmekampf
Cardero zerreist es im Übernahmekampf
Was nützt Carero , ÄÄÄÄÄ Cardero, großer Meister, ein hoher Kupferpreis? Frage an den Staranalyst Neono „Wie viel Kupfer oder Kupfererz hat denn Cardero? Oder haben die nur wertlose Elefantenscheiße ? „
, ÄÄÄÄÄ Cardero, großer Meister, ein hoher Kupferpreis? Frage an den Staranalyst Neono „Wie viel Kupfer oder Kupfererz hat denn Cardero? Oder haben die nur wertlose Elefantenscheiße ? „
Ich glaube , man wird mir keine Antwort geben wie viel Ressourcen und Reserven an Kupfer, Cardero nachweislich vorzuweisen hat. Wo sind denn die Bohrkerne, die belegen, das Cardero auch was hat?
Es gibt sie nicht. Das was sie gefunden haben war Elefantenscheiße oder die Grade waren zu niedrig oder die Tonnage zu gering.
Sozusagen – wertlos
Anglo A. wusste schon warum man dort mit Cardero nicht weiter arbeiten brauch.
Wo sind denn die Bohrkerne, die belegen, das Cardero auch was hat? Es gibt sie nicht.
Das was sie gefunden haben war Elefantenscheiße oder die Grade waren zu niedrig oder die Tonnage zu gering.Sozusagen – wertlos
Anglo A. wusste schon warum man dort mit Cardero nicht weiter arbeiten brauch.
!
Dieser Beitrag wurde moderiert. Grund: themenfremder Inhalt!
Dieser Beitrag wurde moderiert.
Warum hat der Ullmann nicht die Firma Cardero erwähnt ? Er hatte doch mal ein Kursziel von 107 CAD angegeben. Das währen doch nur ca. 5300% . Das nenn ich mal Potential.
Laut Ullmann soll die Rohstoffrallye noch ein paar Jahre anhalten. Ob er da genau so recht hat , wie die 107 CAD bei Cardero?
Antwort auf Beitrag Nr.: 34.463.551 von Bybbi am 08.07.08 18:47:58.
die Rohstoffrallye noch ein paar Jahre anhalten
Nur Geduld
dies könnte ja auch bedeuten, dass wir die erwähnten 107
.... sagen wir Mal z.B. 2020
.... durchaus noch sehen könnten.
Also, schone deine Kräfte für die nächsten 12 Jahre.
.
die Rohstoffrallye noch ein paar Jahre anhalten
Nur Geduld
dies könnte ja auch bedeuten, dass wir die erwähnten 107
.... sagen wir Mal z.B. 2020
.... durchaus noch sehen könnten.
Also, schone deine Kräfte für die nächsten 12 Jahre.
.
Ich habe mal bei den Fonds nachgeschaut , wo der Herr Ullmann mitwirkt. Wenn er /sie auf Werte , wie Cardero setzt , dann wird mir einiges klar. Siehe selbst.
Man achte auf die Stabilitas Fonds.
Aktienfonds Rohstoffe
Top 5
DWS Rophstofffonds
Cominvest Rohstoffe
Carmignac Commodities
Martin Currie Gl. Ress
Flop
G&P Explo. & Min.
Stabilitas Silber
Stabilitas Big Cap Min.
Stabilitas Growth Sm.
VCH Expert Nat. Res.
Das stand am Wochenende in “Euro am Sonntag”
Man achte auf die Stabilitas Fonds.
Aktienfonds Rohstoffe
Top 5
DWS Rophstofffonds
Cominvest Rohstoffe
Carmignac Commodities
Martin Currie Gl. Ress
Flop
G&P Explo. & Min.
Stabilitas Silber
Stabilitas Big Cap Min.
Stabilitas Growth Sm.
VCH Expert Nat. Res.
Das stand am Wochenende in “Euro am Sonntag”
@ married
Warten bis 2020? Damit hätte ich kein Problem. Das ist`ne Ansage und nicht dieses Gelaber um Bieterkrieg oder das alles sehr schnell gehen kann oder TH oder das keiner mehr in die Aktie kommt, wenn sie angehalten wird.. Da wird nur mit Zeitdruck gearbeitet, um seine Stücke an den Mann zu bringen. Ich finde das eine große S..........
Aber so ist Börse , wer das psychologische Spiel beherrscht, verdient sich eine goldene Nase.
Warten bis 2020? Damit hätte ich kein Problem. Das ist`ne Ansage und nicht dieses Gelaber um Bieterkrieg oder das alles sehr schnell gehen kann oder TH oder das keiner mehr in die Aktie kommt, wenn sie angehalten wird.. Da wird nur mit Zeitdruck gearbeitet, um seine Stücke an den Mann zu bringen. Ich finde das eine große S..........
Aber so ist Börse , wer das psychologische Spiel beherrscht, verdient sich eine goldene Nase.
.
Moin Carderos
und solche die es erst noch werden wollen
und / oder Jene die es bis 2.20 € waren*
.
* und nun fast die doppelt Anzahl shares zurückkaufen werden und somit alles richtig machten
.
Moin Carderos und solche die es erst noch werden wollen und / oder Jene die es bis 2.20 € waren* .
* und nun fast die doppelt Anzahl shares zurückkaufen werden und somit alles richtig machten
.
Guten Morgen
Cardero hat es gut. Bei denen ist immer Sommer ÄÄÄÄÄÄÄÄÄÄÄ Sommerloch.
Cardero hat es gut
. Bei denen ist immer Sommer ÄÄÄÄÄÄÄÄÄÄÄ Sommerloch.
Sehen wir wieder einen Bieterkrieg ala Cardero mit fallenden Kursen
Oh fuck, ich würde gerne mehr rauslassen, aber muss mich zurückhalten.
Dieser Satz ist der Hammer. Für mich sagt er alles über diesen Zirkel.
Oh fuck, ich würde gerne mehr rauslassen, aber muss mich zurückhalten.
Dieser Satz ist der Hammer. Für mich sagt er alles über diesen Zirkel.
Wir werden noch im Juli meinen Zielkurs von ca. 1 Euro erreichen, denke ich. Eigentlich sollte ich froh sein, das die Herren Ihre Stücke vergolden.
Übernahme oder gar eine Übernahmeschlacht ist weit und breit nicht zu sehen und die gehandelten Stücke sehr wenig. Da sieht man ganz deutlich, das das Interesse von möglichen Kandidaten gleich Null ist, sonst würde man hier zugreifen.
Also können die hoch angepriesenen Projekte auch keinen vom Hocker reisen. Kein Wunder PdP liegt ca. 400 Meter tief und der Sand ist extrem verunreinigt.
Ein Wiedereinstieg ist somit kein Problem wenn die Stücke abgearbeitet sind. Insider kaufen auch nicht im großem Stiel , aber die Projekte sind ja sooooooooo toll. Besucher von PdP und eventuell der Baja kaufen auch nicht im großem Umfang.
Aber man kann ja nicht mehr rauslassen. Das ich nicht lache.
Übernahme oder gar eine Übernahmeschlacht ist weit und breit nicht zu sehen und die gehandelten Stücke sehr wenig. Da sieht man ganz deutlich, das das Interesse von möglichen Kandidaten gleich Null ist, sonst würde man hier zugreifen.
Also können die hoch angepriesenen Projekte auch keinen vom Hocker reisen. Kein Wunder PdP liegt ca. 400 Meter tief und der Sand ist extrem verunreinigt.
Ein Wiedereinstieg ist somit kein Problem wenn die Stücke abgearbeitet sind. Insider kaufen auch nicht im großem Stiel , aber die Projekte sind ja sooooooooo toll. Besucher von PdP und eventuell der Baja kaufen auch nicht im großem Umfang.
Aber man kann ja nicht mehr rauslassen. Das ich nicht lache.
man fährt schon wieder die Zeitschiene , es ist unglaublich
!
Dieser Beitrag wurde moderiert. Grund: Spammposting!
Dieser Beitrag wurde moderiert. Grund: Spammposting!
Dieser Beitrag wurde moderiert.
#771 von Bybbi 09.07.08 13:56:51 Beitrag Nr.: 34.469.981
Aber vielleicht kann man noch ein paar Leute mobilisieren, die einem noch ein paar Stücke abnehmen, bevor der Kahn vollends absäuft.
#643 von Bybbi 30.06.08 11:05:06 Beitrag Nr.: 34.402.345
Um die Ein Euro werde ich wieder langsam einsteigen
auch diese opie kann (wie gewünscht) unkommentiert bleiben
Aber vielleicht kann man noch ein paar Leute mobilisieren, die einem noch ein paar Stücke abnehmen, bevor der Kahn vollends absäuft.
#643 von Bybbi 30.06.08 11:05:06 Beitrag Nr.: 34.402.345
Um die Ein Euro werde ich wieder langsam einsteigen
auch diese opie kann (wie gewünscht) unkommentiert bleiben
auch diese opie kann (wie gewünscht) unkommentiert bleiben
was`ne opie , kann mir das mal einer erklären ??
was`ne opie , kann mir das mal einer erklären ??
#1 von Bybbi 28.05.08 09:49:55 Beitrag Nr.: 34.184.977
Cardero`s Führung Henk verkauft weiter Aktien des Unternehmens. Warum?
Henk hält laut SEDAR 1,557,550 Aktien - der kauft ja immer mehr Anteile! Warum macht er das nur?
und warum wird das hier ignoriert?
Cardero`s Führung Henk verkauft weiter Aktien des Unternehmens. Warum?
Henk hält laut SEDAR 1,557,550 Aktien - der kauft ja immer mehr Anteile!
Warum macht er das nur?und warum wird das hier ignoriert?
Antwort auf Beitrag Nr.: 34.470.898 von Bybbi am 09.07.08 15:26:08.
Das sollte doch bestimmt
dieser Opi
richtig heißen
.
Das sollte doch bestimmt
dieser Opi
richtig heißen
.
Wenn es hier so ruhig ist, sieht es immer sehr danach aus, dass die ansonsten hier so beliebte Einforderung der Schlusskurskommentierung auch heute wieder ausfällt...
Na ja, vielleicht morgen....
Na ja, vielleicht morgen....
.
Bybbi aufwachen ....
hier meint Einer es wäre schon Börsenschluss !
.
Bybbi aufwachen ....
hier meint Einer es wäre schon Börsenschluss !
.
Antwort auf Beitrag Nr.: 34.474.105 von copperhead am 09.07.08 20:20:21
OK, aber nur weil Du es bist:
CDU 2.11 +0.06 +2.9% 45.2k
CDY 2.09 +0.07 +3.5% 14.6k
Ein Quervergleich kann nicht schaden:
DJIA 11146.30 -237.91
Nasdaq 2234.89 -59.55
TSX 13613.07 -196.70
TSX-V 2372.44 -27.26
TSX-Gold 332.42 -2.37
Kommentar verkneife ich mir aber...
OK, aber nur weil Du es bist:
CDU 2.11 +0.06 +2.9% 45.2k
CDY 2.09 +0.07 +3.5% 14.6k
Ein Quervergleich kann nicht schaden:
DJIA 11146.30 -237.91
Nasdaq 2234.89 -59.55
TSX 13613.07 -196.70
TSX-V 2372.44 -27.26
TSX-Gold 332.42 -2.37
Kommentar verkneife ich mir aber...
Antwort auf Beitrag Nr.: 34.474.132 von married am 09.07.08 20:23:07Wo ist denn Bybbi
Käffchen trinken und sich an der Natur erfreuen
Oder ist er wieder auf der Weide
Käffchen trinken und sich an der Natur erfreuen
Oder ist er wieder auf der Weide
Antwort auf Beitrag Nr.: 34.475.467 von to_siam am 09.07.08 22:34:15Vielen Dank nach Bremen!
relative Stärke sehen wir bei CDU schon einige Tage...
ansonsten gilt (wie gewünscht): keine Kommentar!
relative Stärke sehen wir bei CDU schon einige Tage...
ansonsten gilt (wie gewünscht): keine Kommentar!
.
@Bybbi
Glückwunsch
zu weiteren / anderen Gesichtern im thread.
Du scheinst es geschafft zuhaben
( Und wurdest bis jetzt schon 77 Mal gelesen, heute )
.
@Bybbi
Glückwunsch
zu weiteren / anderen Gesichtern im thread.
Du scheinst es geschafft zuhaben
( Und wurdest bis jetzt schon 77 Mal gelesen, heute )
.
@ married
gelle, sie füllen Ihn mit Leben
was`nu schon TH ???
Die PAF-ler werden noch was kaufen, denke ich. Da werden die Herren noch ein paar Stücke loswerden.
Gut gemacht ,das ganze. Die Jungs sind eben Profis. Wenn PdP und PET nicht die anvisierte Kursreaktion ( Vervielfachung des Kurses oder ein TH mit Monstergab , so der Meister) bringt, bin ich mal auf die Ausreden gespannt?
Am Wetter kann es ja nicht liegen, kein Bohrgerät ?, eher nicht
An Anglo wird es auch nicht liegen die dortigen Behörden- nein die auch nicht
Man kann aber sagen, das man auf die Risiken hingewiesen hat und das Exploration immer hoch riskant ist
Oder wir sehen 10CAD und ein Denkmal wird errichtet??? Eher nicht
Gut gemacht ,das ganze. Die Jungs sind eben Profis. Wenn PdP und PET nicht die anvisierte Kursreaktion ( Vervielfachung des Kurses oder ein TH mit Monstergab , so der Meister) bringt, bin ich mal auf die Ausreden gespannt?
Am Wetter kann es ja nicht liegen, kein Bohrgerät ?, eher nicht
An Anglo wird es auch nicht liegen die dortigen Behörden- nein die auch nicht
Man kann aber sagen, das man auf die Risiken hingewiesen hat und das Exploration immer hoch riskant ist
Oder wir sehen 10CAD und ein Denkmal wird errichtet??? Eher nicht
Oder wir sehen 10CAD und ein Denkmal wird errichtet???
Schön zu sehen,
dass man sich nun auch hier
immer ein Hintertürchen
offen hält...
offensichtlich wird man unsicher
ob der Kahn, wie hier prophezeit,
auch wirklich "absäuft"
wird schon der Rückzug angetreten ?
Schön zu sehen,
dass man sich nun auch hier
immer ein Hintertürchen
offen hält...
offensichtlich wird man unsicher
ob der Kahn, wie hier prophezeit,
auch wirklich "absäuft"
wird schon der Rückzug angetreten ?
Nein es wird kein Rückzieher gemacht. Offensichtlich hast Du keinen Schimmer , was meine Meinung zu dem ganzen ist.
Du hast keine Ahnung , was ich eigentlich so anprangere. Ich erwarte aber nicht im geringsten, das Du das verstehst.
Du hast keine Ahnung , was ich eigentlich so anprangere. Ich erwarte aber nicht im geringsten, das Du das verstehst.
Antwort auf Beitrag Nr.: 34.478.759 von Bybbi am 10.07.08 12:35:28Ich erwarte aber nicht im geringsten, das Du das verstehst*
( 477 x gelesen heute )
*Hier wird ja
auch nicht alles
Unverständliche sofort erklärt.
Das wäre aber
auch ein Aufgabe
für Dich.
Wenn du schon
keinen funktionierenden
( kommentierenden )
Kopierer findest.
.
(
477 x gelesen heute )*Hier wird ja
auch nicht alles
Unverständliche sofort erklärt.
Das wäre aber
auch ein Aufgabe
für Dich.
Wenn du schon
keinen funktionierenden
( kommentierenden )
Kopierer findest.
.
was vor ein paar Tagen
noch [Niemals hieß,
heißt jetzt Eher Nicht.
Man wird halt ein bisschen zurückhaltender.
Die 5-Minuten-Stakkato-postings
im Stile von
gleich sind wir durch die 2
wurden ja auch eingestellt
Man wird bescheidener
Ich nenne es mal "vorsichtiges zurückrudern"
noch [Niemals hieß,
heißt jetzt Eher Nicht.
Man wird halt ein bisschen zurückhaltender.
Die 5-Minuten-Stakkato-postings
im Stile von
gleich sind wir durch die 2
wurden ja auch eingestellt
Man wird bescheidener
Ich nenne es mal "vorsichtiges zurückrudern"
nimm doch den Mund nicht so voll 1,26 Minus 7,35% brauchst du noch mehr?die PAF-ler werden staunen, reingeschubst in den Sumpf
werden doch Ihr Geld nicht gleich verbrennen wollen?
Das nenn ich doch ausgepufft man lässt ihn den ersten Schritt machen und wenn er nicht die gewünschten Fragen stellt oder Äußerrungen macht , kann man ihn gleich die Ohren lang ziehen.
Wenn der "Neue" mal hier reinschaut.
Wir stehen vor einem Bieterkrieg oder sind schon mittendrinn
Wir stehen vor einem Bieterkrieg oder sind schon mittendrinn
drüben noch kein Handel ?
ist schon TH
ist schon TH
Das gestrige Geschreibe hatte wieder einige Opfer zur Folge. Heute geht es wieder schön runter. Wer hat sich denn da gestern reinspülen lassen?
Ob die 2 hällt?
Ob die 2 hällt?
!
Dieser Beitrag wurde moderiert. Grund: Provokation
drüben schreibt einer , das Cardero ein Sonderfall ist
da hat er ausnahmsweise mal recht
denn Cardero bringt es fertig den seit ca 7 Jahre anhaltenden Rohstoffzyklus zu verpassen
da hat er ausnahmsweise mal recht
denn Cardero bringt es fertig den seit ca 7 Jahre anhaltenden Rohstoffzyklus zu verpassen
Noch nie war ein Bieterkrieg so langweilig , wie dieser hier . Aber wenn man nichts hat , warum soll es dann auch heiß hergehen. Nur um heiße Luft brauch man sich ja nicht streiten.
Na dann erinnere ich mal an das Geschreibe von gestern . Aber so plump stellt Ihr Euch nicht an
In die Aktien von Cardero dränge ich ja nun wahrlich nicht.
Antwort auf Beitrag Nr.: 34.482.759 von Bybbi am 10.07.08 19:06:23dachte, hier krieg ich doch noch mal ein aufschlussreiches Statement, das meinen Horizont erweitert( Nach dem Motto: nicht nur eine Zeitung lesen und nicht nur einen Nachrichtensender gucken )
Aber das klingt hier eher wie Selbstgespräche in der Gummizelle.
Aber das klingt hier eher wie Selbstgespräche in der Gummizelle.
.
Glückwunsch Bybbi .....
zum 1144 sten
Leser
heute.
.
Glückwunsch Bybbi .....
zum 1144 sten
Leser
heute.
.
.
Rundes
.
Rundes
.
Habe mir noch mal das Video zum Sand angesehen. ( Pilot Plant Iron Sands )
Kann es sein, das auf dem Video man nicht einen Krümel oder Sandkorn oder Konzentrat sieht? Was soll denn das eigentlich? Warum zeigt man nicht das gewonnene Konzentrat? Oder gibt es keines , was man herzeigen könnte?
Genauso könnten auf den Förderbändern auch Getreide , Mais , Hafer , Weizen oder Bitumen sein.
Kann es sein, das auf dem Video man nicht einen Krümel oder Sandkorn oder Konzentrat sieht? Was soll denn das eigentlich? Warum zeigt man nicht das gewonnene Konzentrat? Oder gibt es keines , was man herzeigen könnte?
Genauso könnten auf den Förderbändern auch Getreide , Mais , Hafer , Weizen oder Bitumen sein.
Wenn die Chinesen das Video zum Sand sehen , sind die bestimmt begeistert und fragen, was das für eine Apparatur ist? Es könnte auch eine Bitumenmischanlage sein oder eine Betonmischanlage?
Antwort auf Beitrag Nr.: 34.483.682 von Bybbi am 10.07.08 20:46:56.
Wurde hier etwas gelöscht?
Ich
war doch die # 800 vorhin.
.
Wurde hier etwas gelöscht?
Ich
war doch die # 800 vorhin.
.
CAD 2 hält
@ Bybbi
Aufwachwen :O
Du solltest ( früher )
zur Arbeit kommen.
Du trägst ( hier )
nämlich Verantwortung !
100 Leser ( Stand 8.00 Uhr )
warten
derzeit bereits
auf (d)ein Statement.
.
Aufwachwen :O
Du solltest ( früher )
zur Arbeit kommen.
Du trägst ( hier )
nämlich Verantwortung !
100 Leser ( Stand 8.00 Uhr )
warten
derzeit bereits
auf (d)ein Statement.
.
Guten Morgen (jederzeit)
Ich bin schon immer sehr zeitig wach.Ich getraue mich aber nicht gleich auf WO wegen Cardero und des TH so wie des nachfolgenden Monstergab.
Schau mal drüben labern die schon wieder von Übernahme. Bald werden die wieder mit Bieterkrieg kommen, bauen so mit wieder Zeitdruck auf um erneut noch einige Stücke los zu werden.
Ich bin schon immer sehr zeitig wach.
Ich getraue mich aber nicht gleich auf WO wegen Cardero und des TH so wie des nachfolgenden Monstergab.Schau mal drüben labern die schon wieder von Übernahme. Bald werden die wieder mit Bieterkrieg kommen, bauen so mit wieder Zeitdruck auf um erneut noch einige Stücke los zu werden.
Schön zu sehen,
dass Neono´s Cardero-Thread
auch hier
sehr geschätzt und
viel und gerne zitiert wird
Schon fast 1.900 Leserinnen und Leser heute Morgen..
da wird man sich hier noch etwas bemühen müssen
dass Neono´s Cardero-Thread
auch hier
sehr geschätzt und
viel und gerne zitiert wird
Schon fast 1.900 Leserinnen und Leser heute Morgen..
da wird man sich hier noch etwas bemühen müssen
bemühen jederzeit
plus 12% geht das bei einem TH auch als Monstergap durch ?
jederzeitplus 12%
geht das bei einem TH auch als Monstergap durch ?
Selbst ein Aufschlag von 100%, das wäre ein Schlag ins Gesicht eines jeden Aktionärs von Cardero.
Aber ich hatte so was schon mal erwähnt. Erst sturmreif schießen und dann für ca. 3,95CAD übernehmen.
Toller Henk, kann ich da nur sagen. Henk hätte somit den Rohstoffboom voll ausgenützt.
Aber ich hatte so was schon mal erwähnt. Erst sturmreif schießen und dann für ca. 3,95CAD übernehmen.
Toller Henk, kann ich da nur sagen. Henk hätte somit den Rohstoffboom voll ausgenützt.
Ich möchte noch mal darauf hinweisen, wie oft schon von einer Übernahme , Bieterschlacht und Zweistelligkeit gefaselt wurde.
Muss man solchen Aussagen noch glauben schenken oder eher nicht? Wie viele Jahre geht das nun schon.
Das einzige , auf was man sich verlassen konnte , war die Ausgabe immer neuer Aktien. Wer davon all die Jahre profitiert hat ist wohl klar.
Muss man solchen Aussagen noch glauben schenken oder eher nicht? Wie viele Jahre geht das nun schon.
Das einzige , auf was man sich verlassen konnte , war die Ausgabe immer neuer Aktien. Wer davon all die Jahre profitiert hat ist wohl klar.
Antwort auf Beitrag Nr.: 34.486.847 von Bybbi am 11.07.08 11:20:21.
Wer davon all die Jahre profitiert hat ist wohl klar
Wer wohl nach deiner Meinung ?
.
Wer davon all die Jahre profitiert hat ist wohl klar
Wer wohl nach deiner Meinung ?
.
Antwort auf Beitrag Nr.: 34.486.847 von Bybbi am 11.07.08 11:20:21höchst amüsiert werde ich demnächst (nach einigen wochen wo-abstinenz) feststellen, dass du deine grotesken (fast-)selbstgespräche eingestellt hast.
TAF
TAF
@ married
Ich denke Du weist genau , wer davon profitiert. Ich kann es hier so nicht sagen. Da krieg ich sonst wieder die Hucke voll und werde als Lügner bezeichnet.
Ich denke Du weist genau , wer davon profitiert. Ich kann es hier so nicht sagen. Da krieg ich sonst wieder die Hucke voll und werde als Lügner bezeichnet.
So nun sind wir unter der 2 . Was ist eigentlich aus den Bildchen geworden , die komischen Shortons oder so. Warum zeigt man diese nicht mehr?
Wir hatten doch alle Spaß damit. Oder macht man sich da zum Löffel, weil der Kurs dazu nicht mehr passt?
Was ist eigentlich aus den Bildchen geworden , die komischen Shortons oder so. Warum zeigt man diese nicht mehr? Wir hatten doch alle Spaß damit. Oder macht man sich da zum Löffel, weil der Kurs dazu nicht mehr passt?
ist schon geil so ein Bieterkampf
mit ständig fallenden Kursen
so ist es nun mal eben , wenn keiner glaubt, das Cardero auf zig Millionen Tonnen Erz hockt
mit ständig fallenden Kursen
so ist es nun mal eben , wenn keiner glaubt, das Cardero auf zig Millionen Tonnen Erz hockt
FF 1,25 Euro
Meislo , komm sag was zur CT
ein Euro wir kommen
heute wird der Laden so richtig zusammengetreten
Meislo , komm sag was zur CT
ein Euro wir kommen
heute wird der Laden so richtig zusammengetreten
mal sehen ob heute eine Bilderserie erscheint und welche Kommentare man abgiebt ?
ich denke , die die hier Short sind werden sich noch ne goldene Nase verdienen
ich erinnere an den Freemann bei Wml, der hatte auch alles verkauft und Kasse gemacht und nun lacht er sich schlapp
ich denke mal die Leute von PAF wissen, wo sie Ihr Geld reingesteckt haben oder reinstecken wollen
aber Cardero soll ja zweistellig werden
ich erinnere an den Freemann bei Wml, der hatte auch alles verkauft und Kasse gemacht und nun lacht er sich schlapp
ich denke mal die Leute von PAF wissen, wo sie Ihr Geld reingesteckt haben oder reinstecken wollen
aber Cardero soll ja zweistellig werden
da können die von PAF mal sehen, wie ein echter Bieterkrieg ausschaut
ich hoffe , man hat Euch nicht zu viel versprochen
ich hoffe , man hat Euch nicht zu viel versprochen
Nur noch mal zur Erinnerung, was Henk mit seinen Aktien macht
Cardero Resource Corp. (CDU) As of May 26th, 2008
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
May 26/08 May 16/08 VAN ALPHEN, HENDRIK Direct Ownership Common Shares 10 - Disposition in the public market -5,000 $3.080
May 26/08 May 16/08 VAN ALPHEN, HENDRIK Direct Ownership Common Shares 10 - Disposition in the public market -4,800 $3.030
May 26/08 May 16/08 VAN ALPHEN, HENDRIK Direct Ownership Common Shares 10 - Disposition in the public market -10,000 $3.000
May 26/08 May 16/08 VAN ALPHEN, HENDRIK Direct Ownership Common Shares 10 - Disposition in the public market -10,000 $3.050
May 26/08 May 16/08 VAN ALPHEN, HENDRIK Direct Ownership Common Shares 10 - Disposition in the public market -5,200 $3.100
Cardero Resource Corp. (CDU) As of May 26th, 2008
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
May 26/08 May 16/08 VAN ALPHEN, HENDRIK Direct Ownership Common Shares 10 - Disposition in the public market -5,000 $3.080
May 26/08 May 16/08 VAN ALPHEN, HENDRIK Direct Ownership Common Shares 10 - Disposition in the public market -4,800 $3.030
May 26/08 May 16/08 VAN ALPHEN, HENDRIK Direct Ownership Common Shares 10 - Disposition in the public market -10,000 $3.000
May 26/08 May 16/08 VAN ALPHEN, HENDRIK Direct Ownership Common Shares 10 - Disposition in the public market -10,000 $3.050
May 26/08 May 16/08 VAN ALPHEN, HENDRIK Direct Ownership Common Shares 10 - Disposition in the public market -5,200 $3.100
Er scheint an den Sand und die Studien zu glauben
dann würde ich auch verkaufen.
dann würde ich auch verkaufen.
mal sehen , ob heute mal wieder was zur CT oder den Shortons , oder wie hießen die noch mal geschrieben wird ,
damit wurden doch die Kritiker auf die Schippe genommen
gibt es auch eine Bilderserie , die die Pusher veräppelt ?
geschrieben wird , damit wurden doch die Kritiker auf die Schippe genommen
gibt es auch eine Bilderserie , die die Pusher veräppelt ?
Antwort auf Beitrag Nr.: 34.490.155 von Bybbi am 11.07.08 16:29:29.
welche Kommentare man abgi(e)bt
Immerhin weiß
man in vielen ( anderen )
threads immer
warum
man gerade Geld
verliert.
So ist keiner böse darüber.
Und sogar Umsätze
auf niedrigem
( Kurs-) level
sind jederzeit
leicht ( verständlich )
erklärt:
das ist kein gewöhnlicher handel....something is going on
.
welche Kommentare man abgi(e)bt
Immerhin weiß
man in vielen ( anderen )
threads immer
warum
man gerade Geld
verliert.
So ist keiner böse darüber.
Und sogar Umsätze
auf niedrigem
( Kurs-) level
sind jederzeit
leicht ( verständlich )
erklärt:
das ist kein gewöhnlicher handel....something is going on
.
warum Cardero fällt ist doch klar
das PP wird frei und gewisse Leute machen Kasse
wenn der Laden was in der Hand hätte, würde die Bude nicht ohne Gegenwehr jeden Tag abschmieren
wenn ich die Kopien sehe von den Verbrauch und den Preisen beim Eisenerz , ist doch die MK ein Witz
mit Schlagwörtern wie Bieterkrieg und Übernahme will man nur Lemminge fangen , die den Schrott abkaufen
das PP wird frei und gewisse Leute machen Kasse
wenn der Laden was in der Hand hätte, würde die Bude nicht ohne Gegenwehr jeden Tag abschmieren
wenn ich die Kopien sehe von den Verbrauch und den Preisen beim Eisenerz , ist doch die MK ein Witz
mit Schlagwörtern wie Bieterkrieg und Übernahme will man nur Lemminge fangen , die den Schrott abkaufen
drüben ist man aber sehr ruhig
oder bastelt man an der Bilderserie
oder bastelt man an der Bilderserie
mutiert das hier zum selbstgespräch? da ich neu hier bin, hatte ich mir eigentlich substantielle infos zur aktie erhofft, muss ich zu www.cardero.com gehen
ich bin sehr enttäuscht von doesme thread, gibt es zu dieser aktie eventuell noch einen anderen, inhaltsvolleren thread? gerne auch per BM
ich bin sehr enttäuscht von doesme thread, gibt es zu dieser aktie eventuell noch einen anderen, inhaltsvolleren thread? gerne auch per BM
he Siam , sag mal , was hast du denn den PAF Leuten geschrieben?
da melden sich einige per BM bei mir
ich hoffe du hast denen nicht zu viel versprochen
da melden sich einige per BM bei mir
ich hoffe du hast denen nicht zu viel versprochen
wo sind denn die Maulhelden vom Bieterkrieg
Zitat:
Oh fuck, ich würde gerne mehr rauslassen, aber muss mich zurückhalten.
die Zurückhaltung ist zu spüren warum wohl
Zitat:
Oh fuck, ich würde gerne mehr rauslassen, aber muss mich zurückhalten.
die Zurückhaltung ist zu spüren
warum wohl
Antwort auf Beitrag Nr.: 34.491.390 von alex63 am 11.07.08 18:39:47...da ich neu hier bin...
Und dir wäre zu empfehlen, mal ne neue Platte aufzulegen. Das mit dem "ich bin neu hier" läuft nun schon seit Wochen. Sehr witzisch!
Und dir wäre zu empfehlen, mal ne neue Platte aufzulegen. Das mit dem "ich bin neu hier" läuft nun schon seit Wochen. Sehr witzisch!
Antwort auf Beitrag Nr.: 34.491.467 von Bybbi am 11.07.08 18:47:17.
da melden sich einige per BM bei mir
Aber behalte du wenigstens
eine ( diese ) BM
bei dir und veröffentliche
sie nicht (auch ).
Immerhin sollte eine Mail
so eine Art "Briefgeheimnis"
in sich haben.
.
da melden sich einige per BM bei mir
Aber behalte du wenigstens
eine ( diese ) BM
bei dir und veröffentliche
sie nicht (auch ).
Immerhin sollte eine Mail
so eine Art "Briefgeheimnis"
in sich haben.
.
Antwort auf Beitrag Nr.: 34.491.916 von hingucker am 11.07.08 19:43:35klar mach ich das, wenn hier mal ne neue platte läuft, promised and signed
Hallo Alex
Weist du wie viele Chinesen schon über den Sand gestolpert sind , bevor der Hoffmann kam?
Frag doch mal Sie nach Tests ?
Oder frag mal jemanden in der Schweiz , der könnte Dir mehr dazu erzählen.
Warum sieht man auf dem Video kein Konzentrat und keinen Sand und keinen Abfall ??
Weist du wie viele Chinesen schon über den Sand gestolpert sind , bevor der Hoffmann kam?
Frag doch mal Sie nach Tests ?
Oder frag mal jemanden in der Schweiz , der könnte Dir mehr dazu erzählen.
Warum sieht man auf dem Video kein Konzentrat und keinen Sand und keinen Abfall ??
Ehe ich es vergesse, wir wollen ja die gleiche Höflichkeit wie im Nebenthread pflegen:
Guten Abend Reals!
Guten Abend Real
s!
Antwort auf Beitrag Nr.: 34.492.107 von Bybbi am 11.07.08 20:06:15Ein so nettes Filmchen gab es auch mal auf der Algodyne HP. Die wollten aus Algen Ethanol gewinnen. Dazu zeigten sie einen ähnlich amateurhaften Film von einem mit Ethanol angetriebenen Ventilator. War echt lustig. Na ja, Algodyne ist den Bach runter.
Toronto minus 5%
sieht so ein Bieterkrieg aus?? der B. Zirkel verarscht sie doch alle.
aber eins muß man ihnen lassen, sie machen es gut
sieht so ein Bieterkrieg aus?? der B. Zirkel verarscht sie doch alle.
aber eins muß man ihnen lassen, sie machen es gut
Antwort auf Beitrag Nr.: 34.492.305 von Bybbi am 11.07.08 20:31:51Es ist leider nicht wirklich zum Lachen. Schließlich haben hier einige Leute viel Kohle reingesteckt. Mit der Erwartung eines "mindestens" Tenbaggers.
Auch ich bin noch drin. Allerdings schon immer mit realistischeren Erwartungen. Und einem dem Risiko angemessenen Einsatz. Nunmehr werde ich allerdings froh sein können, wenn ich meinen Einsatz wieder zurück bekomme.
Auch ich bin noch drin. Allerdings schon immer mit realistischeren Erwartungen. Und einem dem Risiko angemessenen Einsatz. Nunmehr werde ich allerdings froh sein können, wenn ich meinen Einsatz wieder zurück bekomme.
und allen Anlegern von PAF wünsche ich ein schönes Wochenende und schaut mal im Netz nach wer sich hinter welchen Nick versteckt ??
ich hoffe Ihr wißt , wo Ihr Euer Geld anlegt.
ich hoffe Ihr wißt , wo Ihr Euer Geld anlegt.
Das dumme ist nur , zu dem Filmchen sagt keiner was . Wo ist das Konzentrat?
`Wo das Eisenerz? Haben die Chinesen doch recht, das das Zeug wertlos ist?
Der deutsche Michel soll es aber glauben.
`Wo das Eisenerz? Haben die Chinesen doch recht, das das Zeug wertlos ist?
Der deutsche Michel soll es aber glauben.
Antwort auf Beitrag Nr.: 34.492.391 von Bybbi am 11.07.08 20:45:31
der deutsche Michel
Ich dachte immer das ist ein Österreicher
.
der deutsche Michel
Ich dachte immer das ist ein Österreicher
.
dann sagen wir
der Börsenmichel
der Börsenmichel
.
Heute geht der Punkt ( leider ) wieder an Dich:
5 : 1
.
Heute geht der Punkt ( leider ) wieder an Dich:
5 : 1
.
!
Dieser Beitrag wurde moderiert. Grund: Spammposting
@Bybbi
das ist nicht nur meine Meinung
das ist nicht nur meine Meinung
Antwort auf Beitrag Nr.: 34.494.564 von Bybbi am 12.07.08 12:39:43Was nützt es Cardero am Ende, wenn sie Pleite sind, das sie die Klage zu ihren Gunsten beigelegt haben? Der Rohstoffzug fährt ohne Cardero weiter und die Geier sammeln hinterher alles für ein Apfel und ein Ei auf. Cardero ist immer einen Schritt zu langsam.
Daran habe ich auch schon gedacht.
Will man Dinge so lange blockieren bis CARDERO kein working capital mehr hat ?
Um den Preis dass Kleinanleger bluten und der Übernehmer sich billigst beteiligt ( Bettelgeld zuschießt gegen Aktien ) oder noch schlimmer, das ganze zu einem Bruchteil des heutigen Wertes voll übernehmen kann ?
Sehr spannend.
.
Daran habe ich auch schon gedacht.Will man Dinge so lange blockieren bis CARDERO kein working capital mehr hat ?
Um den Preis dass Kleinanleger bluten und der Übernehmer sich billigst beteiligt ( Bettelgeld zuschießt gegen Aktien ) oder noch schlimmer, das ganze zu einem Bruchteil des heutigen Wertes voll übernehmen kann ?
Sehr spannend.
.
Antwort auf Beitrag Nr.: 34.494.564 von Bybbi am 12.07.08 12:39:43 Die schicken mir BM`s und fragen nach Ihm und Neono.
Da haben sie in Dir sicherlich denjenigen gefunden der fundiert und authentisch antwort geben kann.
Frage mich nur, wenn sie siam nach infos fragen wieso Sie nicht direkt an dich herangetreten sind?
Da haben sie in Dir sicherlich denjenigen gefunden der fundiert und authentisch antwort geben kann.
Frage mich nur, wenn sie siam nach infos fragen wieso Sie nicht direkt an dich herangetreten sind?
.
@ Bybbi
Dich liest man ja inzwischen 285 x am Tag, ohne dass du etwas schreibst.
.
@ Bybbi
Dich liest man ja inzwischen 285 x am Tag, ohne dass du etwas schreibst.
.
.
Geld auf Sand im Meer
Ein weiteres Beispiel wie man notfalls aus Sand Geld machen kann:
.
Geld auf Sand im Meer
Ein weiteres Beispiel wie man notfalls aus Sand Geld machen kann:
.
!
Dieser Beitrag wurde moderiert. Grund: Spammposting!
Dieser Beitrag wurde moderiert. Grund: Spammposting!
Dieser Beitrag wurde moderiert. Grund: Spammposting
.
Mahlzeit !
( Rundes )
.
Mahlzeit !
( Rundes )
.
!
Dieser Beitrag wurde moderiert. Grund: Spammposting
Ich glaub heute geht es richtig zur Sache. Nach Süden. Ich bin gespannt, wann das ganze Offiziel wird?
Ich bin gespannt, wann das ganze Offiziel wird?
minus 10% in München
kommt heute der große Ausverkauf bei Cardero? Hauptsche , man hat noch seine Stücke vergoldet.
kommt heute der große Ausverkauf bei Cardero? Hauptsche , man hat noch seine Stücke vergoldet.
es geht los 1,14 Euro nur in FF, geil
auf mich wollte ja keiner hören aber betet nur den Oberlehrer weiter an.
Wenn Ihr Sack und Seele verloren habt, wird er Euch aufklären.
auf mich wollte ja keiner hören aber betet nur den Oberlehrer weiter an.
Wenn Ihr Sack und Seele verloren habt, wird er Euch aufklären.
Antwort auf Beitrag Nr.: 34.501.062 von Bybbi am 14.07.08 12:53:17.
in FFM 1,14:
12:35:48 1,14 3.000 3.420
12:35:32 1,17 1.500 1.755
12:28:28 1,20 1.000 1.200
12:22:55 1,21 1.800 2.178
10:34:51 1,25 1.500 1.875
10:31:25 1,25 1.000 1.250
.
in FFM 1,14:
12:35:48 1,14 3.000 3.420
12:35:32 1,17 1.500 1.755
12:28:28 1,20 1.000 1.200
12:22:55 1,21 1.800 2.178
10:34:51 1,25 1.500 1.875
10:31:25 1,25 1.000 1.250
.
Antwort auf Beitrag Nr.: 34.501.093 von Bybbi am 14.07.08 12:57:28.
" Einen Einstieg bei CARDERO sehen / sahen wir als übergeordnetes strategisches Engagement "
Da sind solche Schwankungen nebensächlich.
.
" Einen Einstieg bei CARDERO sehen / sahen wir als übergeordnetes strategisches Engagement "
Da sind solche Schwankungen nebensächlich..
Das die Maulhelden immer kleinlauter werden, hat man schon vor ca. 2-3 Wochen gemerkt.
Als Henk und Marla begannen Ihre Aktien zu verkaufen, war mir klar , was passieren wird. Von Bieterkrieg oder so was ähnlichen, sind wir meilenweit entfert.
Es kann sich jeder mal ausrechnen, was er in den 4 Jahren Cardero hätte woanders verdienen können.
Es kann sich jeder mal ausrechnen, was er in den 4 Jahren Cardero hätte woanders verdienen können.
Antwort auf Beitrag Nr.: 34.501.164 von Bybbi am 14.07.08 13:04:40.
Alles hat seine zwei Seiten.
Wer vor wenigen Wochen mit knapp 23.000,00 € ca. 10.000 CARDERO Aktien kaufen wollte ( und dies wegen dir zurückstellte ) bekommt nun 20.000 Aktien für gleichen Kapitaleinsatz.
Man muß ja nicht ganz abstinent sein .
.
Alles hat seine zwei Seiten. Wer vor wenigen Wochen mit knapp 23.000,00 € ca. 10.000 CARDERO Aktien kaufen wollte ( und dies wegen dir zurückstellte ) bekommt nun 20.000 Aktien für gleichen Kapitaleinsatz.Man muß ja nicht ganz abstinent sein
..
wo Du recht hast, hast Du recht
nun wollen die ersten keine 10 CAD mehr für den Laden
@married
Kannst Du mir bitte mal sagen, warum sie drüben so still sind , die letzten Tage ? Liegt es am fallenden Kurs?
Kannst Du mir bitte mal sagen, warum sie drüben so still sind , die letzten Tage ? Liegt es am fallenden Kurs?
Es hieß doch immer Bid hier Bid da und wehr alles kaufen will. Nun sind wohl schon die Pusher verstummt , das ist kein gutes Zeichen.
Es will wohl keiner mehr kaufen?
Ich denke wir sind im Bieterkrieg? Das ist aber komisch.
Es will wohl keiner mehr kaufen?
Ich denke wir sind im Bieterkrieg? Das ist aber komisch.
Bei der CDU ist ja richtig was los in Canada!
wenn ich an die Projekte denke , mit angeblich mehreren Milliarden Tonnen Eisenerz , sind die Umsätze und das Interesse lächerlich
Antwort auf Beitrag Nr.: 34.502.581 von dukezero am 14.07.08 15:48:35.
Dich läßt Bybbi bestimmt hier weiter posten.
Du hast Beobachtungsgabe. Und den nötigen Humor ( noch nicht verloren )
.
Dich läßt Bybbi bestimmt hier weiter posten.
Du hast Beobachtungsgabe. Und den nötigen Humor ( noch nicht verloren )
.
.
moin
Traum und Wirklichkeit
Wenn Plan 2 doch nicht klappen sollte
wären umweltfreundliche Alternativen und / oder zusätzliche Einnahmen aus dem Sand - Tourismus generierbar.
Erste Anregungen dazu hier:
Herzlich willkommen auf www.sandskulpturen.ch
8.-16. August 2008 in Rorschach am Bodensee
Wir freuen uns, Sie am 10. Internationalen Sandskulpturenfestival vom 8.-16. August 2008 (Ausstellung bis 14. September) in Rorschach begrüssen zu dürfen.
Unter dem Motto "Traum und Wirklichkeit" wird sich auch im Jubiläumsjahr die internationale Elite der Sandkunst auf der Arionwiese am Schweizer Bodenseeufer treffen.
http://www.sandskulpturen.ch/Artikel/index.cfm?ID=254&CFID=9…
moinTraum und Wirklichkeit
Wenn Plan 2 doch nicht klappen sollte
wären umweltfreundliche Alternativen und / oder zusätzliche Einnahmen aus dem Sand - Tourismus generierbar.
Erste Anregungen dazu hier:
Herzlich willkommen auf www.sandskulpturen.ch
8.-16. August 2008 in Rorschach am Bodensee
Wir freuen uns, Sie am 10. Internationalen Sandskulpturenfestival vom 8.-16. August 2008 (Ausstellung bis 14. September) in Rorschach begrüssen zu dürfen.
Unter dem Motto "Traum und Wirklichkeit" wird sich auch im Jubiläumsjahr die internationale Elite der Sandkunst auf der Arionwiese am Schweizer Bodenseeufer treffen.
http://www.sandskulpturen.ch/Artikel/index.cfm?ID=254&CFID=9…
!
Dieser Beitrag wurde moderiert. Grund: Provokation
Wo sind den die Kauforgien von Luxor und den Übernahmehaien? Das hieß doch gestern noch ganz anders , Bid hier Bid da. Wollen die nicht alle noch mehr , oder war das gestern wieder mal nur Dumpush?
Aber vielleicht ist ja mal wieder der Gesamtmarkt daran schuld. Ist nur komisch , wo Gold und andere Rohstoffe und vor allem Eisenerz all die Jahre gestiegen ist , waren die auch nicht daran schuld, das Cardero nur fiel.
!
Dieser Beitrag wurde moderiert.
Kommt heute mal wieder der Zeichentrickfilm um die Shortons ? Oder hat der Zeichner keine Lust mehr oder hat ihn Cardero verlassen?
Komm noch ein Bildchen mit Übernahmekampf .
Komm noch ein Bildchen mit Übernahmekampf .
Drüben geht es auch schon wieder abwärts. Keiner der heute von Bid usw. schwafelt. Luxor ist wohl das Geld ausgegangen.
Antwort auf Beitrag Nr.: 34.511.776 von Bybbi am 15.07.08 15:46:18.
Wo sind den die Kauforgien von Luxor und den Übernahmehaien?
So lange wir fette
crösschen haben,
( so wie heute ),
ist die Kleinaktionärs - Welt
doch in Ordnung
( bzw. wird wieder
in Ordnung gebracht ).
Jederzeit !
.
Wo sind den die Kauforgien von Luxor und den Übernahmehaien?
So lange wir fette
crösschen haben,
( so wie heute ),
ist die Kleinaktionärs - Welt
doch in Ordnung
( bzw. wird wieder
in Ordnung gebracht ).
Jederzeit !
.
.
Auch dort könnte CARDEROs Sandhaufen Beachtung finden:
.
Auch dort könnte CARDEROs Sandhaufen Beachtung finden:
.
.
Moin Carderos
Und immer optimistisch bleiben. Mit Sand kann man so viel machen:
.
Moin Carderos
Und immer optimistisch bleiben. Mit Sand kann man so viel machen:
.
.
Moin CARDEROS
Zurück zum Sand: immer an die vielen anderen Einsatz - und Verwendungsmöglichkeiten denken:
.
Moin CARDEROSZurück zum Sand: immer an die vielen anderen Einsatz - und Verwendungsmöglichkeiten denken:
.
die Wetten des Großmeisters kennen wir doch
da lief mal was mit den Langhaarigen auf Zweistelligkeit
das der "Verlierer" auch dort gerne gezahlt hatt , ist klar.
Hatte er doch ganz gut abgesahnt, genau wie eben.
das der "Verlierer" auch dort gerne gezahlt hatt , ist klar.
Hatte er doch ganz gut abgesahnt, genau wie eben.
Das ist doch mal ne klare Ansage . Bis 1.10.2008 runde 800 Millionen MK in CAD. Daran wollen wir Ihn mal messen.
Wer es glaubt wird selig , wer`s nicht glaubt, kommt auch in den Himmel.
Daran wollen wir Ihn mal messen. Wer es glaubt wird selig , wer`s nicht glaubt, kommt auch in den Himmel.
Es ist mir immer wieder schleierhaft, wie versucht wird, noch Lemminge zu ködern, damit man seine Stücke, aus dem letzten PP zu lächerlichen 1,10 CAD, an den Mann bringen kann.
Ich muss sagen, das die Masche mit der Wette und dem damit deutlich höheren Kurs, ganz clever ist. So gaukelt man den Börsenmichel wieder mal was vor. Auch die Geschichte mit dem Bauspargeld ist nicht dumm. Lenkt man doch so von den Risiken ab.
Und wieder geht es runter , nachdem man mit schönen Geschichten den Kurs hochgezogen hat um nun wieder abzuladen. Die Stücke aus dem PP zu 1,10 CAD müssen eben noch an den Mann oder Frau gebracht werden. Ob der Holländer Henk auch wieder dabei ist?
Oh fuck, ich würde gerne mehr rauslassen, aber muss mich zurückhalten.
Dieser Satz sagt doch alles. Minus 4% sieht so ein Bieterkrieg aus??
Dieser Satz sagt doch alles. Minus 4% sieht so ein Bieterkrieg aus??
Mal sehen was man sich bis zum 4. August noch so alles einfallen läst. Schöne Märchen gibt es auch bei den Gebrüder Grimm. Wenn man sich mal vor Augen führt, was nicht alles in den letzten 4 Jahren herhalten musste. Nun versucht man es wieder mit einer Wette.
Sag mal, nimmst Du irgendwelche Drogen
Ich mein - irgendeine Ursache müsten diese Halluzinationen schon haben - oder
Ich mein - irgendeine Ursache müsten diese Halluzinationen schon haben - oder
Guten Morgen ( jederzeit )
@880
Glückwunsch zum Runden
@married
Glaubst Du auch , das der Sand nur für Skulpturen was taugt? Na ja , da ist der Fe Gehalt dann auch egal und die Verunreinigungen dürften da auch nicht stören. Man könnte auch den Sand an Kindergärten verteilen mit Sandförmchen und so. Aber das würden die auch nicht hinbekommen oder bräuchten dafür auch 4 Jahre.
@880
Glückwunsch zum Runden
@married
Glaubst Du auch , das der Sand nur für Skulpturen was taugt?
Na ja , da ist der Fe Gehalt dann auch egal und die Verunreinigungen dürften da auch nicht stören. Man könnte auch den Sand an Kindergärten verteilen mit Sandförmchen und so. Aber das würden die auch nicht hinbekommen oder bräuchten dafür auch 4 Jahre.
Antwort auf Beitrag Nr.: 34.542.516 von WhiteRabbit am 18.07.08 23:44:30
Die gestrige Tickliste, mit 100 Shares kurz vor Schluss auf 2,04 CAD "gedrückt". Die meisten Shares wurden über CAD 2,10 gehandelt:
CARDERO RESOURCE CORP
Börse: Toronto
Datum: 18.07.08
Tickliste Zeit Kurs Volumen
21:59:40 K 2,040 100
21:59:35 K 2,100 100
21:59:35 K 2,100 800
21:59:35 K 2,100 100
21:59:34 K 2,100 100
21:59:33 K 2,110 100
21:59:33 K 2,110 100
21:59:33 K 2,110 100
21:59:33 K 2,110 100
21:59:33 K 2,110 400
21:59:33 K 2,110 100
21:59:33 K 2,110 100
21:59:33 K 2,110 200
21:59:33 K 2,110 100
21:59:33 K 2,110 300
21:59:33 K 2,150 200
21:59:28 K 2,170 200
21:59:28 K 2,160 400
21:59:28 K 2,160 800
21:59:28 K 2,160 900
21:59:27 K 2,160 200
21:59:27 K 2,160 800
21:59:27 K 2,160 200
21:59:27 K 2,160 800
21:59:27 K 2,180 900
21:59:21 K 2,180 200
21:59:21 K 2,180 800
21:59:21 K 2,180 300
21:59:21 K 2,180 200
21:59:21 K 2,180 100
21:59:21 K 2,180 100
21:59:21 K 2,180 100
21:59:21 K 2,180 100
21:59:21 K 2,150 100
21:59:21 K 2,150 100
21:57:12 K 2,150 100
21:57:12 K 2,150 100
21:57:12 K 2,150 2100
21:56:53 K 2,100 700
21:46:45 K 2,100 300
21:46:45 K 2,100 700
21:38:05 K 2,100 400
21:34:16 K 2,100 5000
21:17:11 K 2,100 3800
21:17:11 K 2,110 100
21:16:23 K 2,150 100
21:16:23 K 2,150 100
21:16:15 K 2,100 200
21:16:14 K 2,100 200
21:16:14 K 2,100 200
21:16:14 K 2,100 200
21:16:14 K 2,100 100
21:16:14 K 2,100 100
21:16:14 K 2,090 100
21:16:14 K 2,060 100
21:15:53 K 2,050 200
21:15:53 K 2,050 1400
21:15:53 K 2,050 300
21:15:53 K 2,050 100
21:15:53 K 2,050 500
21:15:53 K 2,050 500
21:15:10 K 2,060 100
21:15:10 K 2,060 100
21:15:10 K 2,060 100
21:15:10 K 2,060 100
21:15:10 K 2,070 7500
20:43:33 K 2,070 400
19:59:37 K 2,070 1900
19:59:37 K 2,080 100
19:59:14 K 2,100 1500
18:27:23 K 2,110 3200
18:27:23 K 2,120 100
18:26:39 K 2,080 100
18:26:39 K 2,080 1000
18:26:39 K 2,080 500
18:26:39 K 2,080 1200
18:24:45 K 2,070 100
18:24:40 K 2,070 100
18:24:32 E 2,080 50
18:24:32 K 2,080 100
17:44:20 K 2,110 2500
17:32:04 K 2,090 100
17:31:54 K 2,090 100
17:31:34 K 2,100 100
17:31:34 K 2,100 100
17:31:34 K 2,100 100
17:30:52 K 2,000 3700
17:30:52 K 2,010 1000
17:30:52 K 2,020 2500
17:30:52 K 2,050 4000
17:30:52 K 2,060 1000
17:30:52 K 2,080 4200
17:30:52 K 2,090 1000
17:30:52 K 2,100 500
17:30:52 K 2,110 500
17:30:52 K 2,130 100
17:30:52 K 2,140 100
17:30:52 K 2,140 100
17:30:52 K 2,140 1300
17:29:10 K 2,160 400
17:21:33 K 2,160 100
17:04:49 K 2,150 500
17:04:19 K 2,150 500
17:03:49 K 2,150 500
17:03:19 K 2,150 500
17:02:50 K 2,150 400
17:01:58 K 2,150 500
17:01:21 K 2,150 500
17:00:51 K 2,150 500
16:55:37 K 2,150 100
16:50:35 K 2,150 1100
16:50:14 K 2,150 400
16:49:53 K 2,150 500
16:49:14 K 2,150 400
16:48:53 K 2,150 500
16:48:48 K 2,150 500
16:48:19 K 2,150 500
16:28:19 K 2,140 100
16:09:30 K 2,140 100
15:47:55 K 2,120 100
15:47:55 K 2,130 100
15:30:01 K 2,100 3000
15:30:01 2,100 0
Die gestrige Tickliste, mit 100 Shares kurz vor Schluss auf 2,04 CAD "gedrückt". Die meisten Shares wurden über CAD 2,10 gehandelt:
CARDERO RESOURCE CORP
Börse: Toronto
Datum: 18.07.08
Tickliste Zeit Kurs Volumen
21:59:40 K 2,040 100
21:59:35 K 2,100 100
21:59:35 K 2,100 800
21:59:35 K 2,100 100
21:59:34 K 2,100 100
21:59:33 K 2,110 100
21:59:33 K 2,110 100
21:59:33 K 2,110 100
21:59:33 K 2,110 100
21:59:33 K 2,110 400
21:59:33 K 2,110 100
21:59:33 K 2,110 100
21:59:33 K 2,110 200
21:59:33 K 2,110 100
21:59:33 K 2,110 300
21:59:33 K 2,150 200
21:59:28 K 2,170 200
21:59:28 K 2,160 400
21:59:28 K 2,160 800
21:59:28 K 2,160 900
21:59:27 K 2,160 200
21:59:27 K 2,160 800
21:59:27 K 2,160 200
21:59:27 K 2,160 800
21:59:27 K 2,180 900
21:59:21 K 2,180 200
21:59:21 K 2,180 800
21:59:21 K 2,180 300
21:59:21 K 2,180 200
21:59:21 K 2,180 100
21:59:21 K 2,180 100
21:59:21 K 2,180 100
21:59:21 K 2,180 100
21:59:21 K 2,150 100
21:59:21 K 2,150 100
21:57:12 K 2,150 100
21:57:12 K 2,150 100
21:57:12 K 2,150 2100
21:56:53 K 2,100 700
21:46:45 K 2,100 300
21:46:45 K 2,100 700
21:38:05 K 2,100 400
21:34:16 K 2,100 5000
21:17:11 K 2,100 3800
21:17:11 K 2,110 100
21:16:23 K 2,150 100
21:16:23 K 2,150 100
21:16:15 K 2,100 200
21:16:14 K 2,100 200
21:16:14 K 2,100 200
21:16:14 K 2,100 200
21:16:14 K 2,100 100
21:16:14 K 2,100 100
21:16:14 K 2,090 100
21:16:14 K 2,060 100
21:15:53 K 2,050 200
21:15:53 K 2,050 1400
21:15:53 K 2,050 300
21:15:53 K 2,050 100
21:15:53 K 2,050 500
21:15:53 K 2,050 500
21:15:10 K 2,060 100
21:15:10 K 2,060 100
21:15:10 K 2,060 100
21:15:10 K 2,060 100
21:15:10 K 2,070 7500
20:43:33 K 2,070 400
19:59:37 K 2,070 1900
19:59:37 K 2,080 100
19:59:14 K 2,100 1500
18:27:23 K 2,110 3200
18:27:23 K 2,120 100
18:26:39 K 2,080 100
18:26:39 K 2,080 1000
18:26:39 K 2,080 500
18:26:39 K 2,080 1200
18:24:45 K 2,070 100
18:24:40 K 2,070 100
18:24:32 E 2,080 50
18:24:32 K 2,080 100
17:44:20 K 2,110 2500
17:32:04 K 2,090 100
17:31:54 K 2,090 100
17:31:34 K 2,100 100
17:31:34 K 2,100 100
17:31:34 K 2,100 100
17:30:52 K 2,000 3700
17:30:52 K 2,010 1000
17:30:52 K 2,020 2500
17:30:52 K 2,050 4000
17:30:52 K 2,060 1000
17:30:52 K 2,080 4200
17:30:52 K 2,090 1000
17:30:52 K 2,100 500
17:30:52 K 2,110 500
17:30:52 K 2,130 100
17:30:52 K 2,140 100
17:30:52 K 2,140 100
17:30:52 K 2,140 1300
17:29:10 K 2,160 400
17:21:33 K 2,160 100
17:04:49 K 2,150 500
17:04:19 K 2,150 500
17:03:49 K 2,150 500
17:03:19 K 2,150 500
17:02:50 K 2,150 400
17:01:58 K 2,150 500
17:01:21 K 2,150 500
17:00:51 K 2,150 500
16:55:37 K 2,150 100
16:50:35 K 2,150 1100
16:50:14 K 2,150 400
16:49:53 K 2,150 500
16:49:14 K 2,150 400
16:48:53 K 2,150 500
16:48:48 K 2,150 500
16:48:19 K 2,150 500
16:28:19 K 2,140 100
16:09:30 K 2,140 100
15:47:55 K 2,120 100
15:47:55 K 2,130 100
15:30:01 K 2,100 3000
15:30:01 2,100 0
Die frei werdenden Stücke aus dem PP zu 1,10 werden an den Mann gebracht , mit einem PC Programm . Also hör auf , hier die Leute zu verscheißern. Wie das System funktioniert, brauchst Du mir nicht zu erzählen. Wer lange genug dabei ist , weiß genau , was Sache ist. Und ich prangere das so lange an , wie ich Luft in der Lunge habe. Die ganzen Leute um Cardero und dem bayrischen Zirkel sind bekannt , mit Ross und Reiter, namentlich, ich finde das eine riesengroße Sauerei allen Kleinanlegern gegenüber. Und selbst am 1. September , ach ja August, notieren wir nicht in der Zweistelligkeit, wie vom Großmeister schon vor ca. 2 Jahren , gewettet.
Der Frick ist ein scheiß gegen diese Typen.
Der Frick ist ein scheiß gegen diese Typen.
Antwort auf Beitrag Nr.: 34.544.518 von Bybbi am 19.07.08 20:34:36.
bayrischen Zirkel
Das solltest du etwas konkretisieren.
Ich finde nur diese URL unter " Zirkel Bayern ":
http://www.gewerbeverzeichnis-deutschland.de/produktverzeich…
.
bayrischen Zirkel
Das solltest du etwas konkretisieren.
Ich finde nur diese URL unter " Zirkel Bayern ":
http://www.gewerbeverzeichnis-deutschland.de/produktverzeich…
.
soll ich Dir die Nahmen nennen?
Antwort auf Beitrag Nr.: 34.544.856 von Bybbi am 19.07.08 23:43:22kohmt heuht nihx ihm ferhnseen
Antwort auf Beitrag Nr.: 34.544.856 von Bybbi am 19.07.08 23:43:22.
Die Namen ?
Damit solltest du vorsichtig sein.
" Drüben" hat man wieder
Beiträge aus dem
" Zirkel unabhängiger
Kritiker "
löschen lassen.
.
Die Namen ?
Damit solltest du vorsichtig sein.
" Drüben" hat man wieder
Beiträge aus dem
" Zirkel unabhängiger
Kritiker
"löschen lassen.
.
Antwort auf Beitrag Nr.: 34.544.518 von Bybbi am 19.07.08 20:34:36
@Bybbie - Im Normalfall spreche ich Dich nicht persönlich an, aber heute, in guter Laune, mache ich mal eine Ausnahme.
Die nächsten (wenigen) Tage solltest Du möglichst viel Cash auftreiben (Sparclub und -buch plündern, Auto verkaufen, Bausparvertrag auszahlen lassen, das Wertpapierdepot vom dort enthaltenen Mist befreien, etc.) und damit Carderos kaufen.
Das ist eine ganz klare Aussage/Ansage, die Du Dir ausschneiden und einrahmen kannst: Wenn Du Deine wie auch immer offensichtlich gemachten Verlustgeschäfte der Vergangenheit wieder ausgleichen möchtest, dann setze JETZT (diese Woche noch?) auf Cardero.
Das hat für Dich dann gleich zwei Vorteile:
- auch Dein Depot wird davon positiv profitieren und
- Du wirst weiter über Cardero schreiben können.
Denn die mehr oder minder große Herrschar der "unabhängigen Kritiker" wird über kurz oder lang staunend am PC sitzen und nicht mehr wissen, was man denn mosernd über/gegen Cardero schreiben soll.
Was dann jeder daraus macht, ob er im Hype Gewinne realisiert oder das Ganze voll oder teilweise bis zum Finale hin aussitzen will, das überlasse ich gerne hier einem jeden selbst.
@Bybbie - Im Normalfall spreche ich Dich nicht persönlich an, aber heute, in guter Laune, mache ich mal eine Ausnahme.
Die nächsten (wenigen) Tage solltest Du möglichst viel Cash auftreiben (Sparclub und -buch plündern, Auto verkaufen, Bausparvertrag auszahlen lassen, das Wertpapierdepot vom dort enthaltenen Mist befreien, etc.) und damit Carderos kaufen.
Das ist eine ganz klare Aussage/Ansage, die Du Dir ausschneiden und einrahmen kannst: Wenn Du Deine wie auch immer offensichtlich gemachten Verlustgeschäfte der Vergangenheit wieder ausgleichen möchtest, dann setze JETZT (diese Woche noch?) auf Cardero.
Das hat für Dich dann gleich zwei Vorteile:
- auch Dein Depot wird davon positiv profitieren und
- Du wirst weiter über Cardero schreiben können.
Denn die mehr oder minder große Herrschar der "unabhängigen Kritiker" wird über kurz oder lang staunend am PC sitzen und nicht mehr wissen, was man denn mosernd über/gegen Cardero schreiben soll.
Was dann jeder daraus macht, ob er im Hype Gewinne realisiert oder das Ganze voll oder teilweise bis zum Finale hin aussitzen will, das überlasse ich gerne hier einem jeden selbst.
Guten Morgen
@to-siam
Du machst ja eine klare Ansage und lehnst Dich ganz schön aus dem Fenster. Gehe da mal von steigenden Kursen aus. Sonst würdest Du/Ihr ganz schön blöd dastehen.
Also lasse ich mal Deine Ansage so stehen und reden Ende August noch mal darüber. Damit meine ich aber nicht den Kurs , sondern harte Fakten, Übernahmekrieg , Aktientausch oder Rauspinnen der Eisenschweine , aufgehende Schubbladen usw. Du weist selber, was all die Jahre angekündigt wurde, passiert ist aber seid dem nicht viel. Ich meine nicht das Hochpushen des Kurses, denn dann fällt der Kurs ohne harte Fakten wieder in sich zusammen.
Im übrigen habe ich mit Cardero keine hohen Verluste gemacht, wie Du behauptest. Ich hatte immer mal zu gekauft und dann wieder mal was verkauft. Ich bin mir bei der Bude eben alles andere als sicher. Bin so mit bei ca. Plus Minus 0 Gewinn/Verlust.
Meine Motivation hier zu schreiben ist eine ganz andere. Auch nicht, das ich billig an Stücke kommen will. Das funktioniert so oder so nicht. Aber vielleicht verstehst Du es ja.
@to-siam
Du machst ja eine klare Ansage und lehnst Dich ganz schön aus dem Fenster. Gehe da mal von steigenden Kursen aus. Sonst würdest Du/Ihr ganz schön blöd dastehen.
Also lasse ich mal Deine Ansage so stehen und reden Ende August noch mal darüber. Damit meine ich aber nicht den Kurs , sondern harte Fakten, Übernahmekrieg , Aktientausch oder Rauspinnen der Eisenschweine , aufgehende Schubbladen usw. Du weist selber, was all die Jahre angekündigt wurde, passiert ist aber seid dem nicht viel. Ich meine nicht das Hochpushen des Kurses, denn dann fällt der Kurs ohne harte Fakten wieder in sich zusammen.
Im übrigen habe ich mit Cardero keine hohen Verluste gemacht, wie Du behauptest. Ich hatte immer mal zu gekauft und dann wieder mal was verkauft. Ich bin mir bei der Bude eben alles andere als sicher. Bin so mit bei ca. Plus Minus 0 Gewinn/Verlust.
Meine Motivation hier zu schreiben ist eine ganz andere. Auch nicht, das ich billig an Stücke kommen will. Das funktioniert so oder so nicht. Aber vielleicht verstehst Du es ja.
Antwort auf Beitrag Nr.: 34.544.518 von Bybbi am 19.07.08 20:34:36.
Quentin selbst ist ( auch )
nicht zufrieden mit dem
( derzeitigen ) Aktienkurs.
Fast schon unglücklich
( über " fehlendes money " )
klingt er in einer Antwortmail
an einen Boardler von w : o
..... Since the price of the
stock was below $2,
the investors decided not
to exercise ( give us money )
.
Quentin selbst ist ( auch )
nicht zufrieden mit dem
( derzeitigen ) Aktienkurs.
Fast schon unglücklich
( über " fehlendes money " )
klingt er in einer Antwortmail
an einen Boardler von w : o
..... Since the price of the
stock was below $2,
the investors decided not
to exercise ( give us money )
.
Sollte es wider Erwarten hier jemanden geben, der nicht im Hauptthread mitliest, so soll auch diesem diese Einladung nicht vorenthalten bleiben:
Boardtreffen in München am 7. und vor allem 8.11.2008
Wer noch nicht hat, der sollte sich sputen. Die Zimmer im Veranstaltungshotel und in den Hotels drum herum werden nicht billiger. Es werden auf jeden Fall die Präsidenten der Firmen Cardero, Cardero Iron, Wealth, ITH, Dorato und Trevali, sowie die entsprechenden IR-Leute kommen. Dazu denke ich noch Keith und Scotty.
Nutzt diese Chance euch aus erster Hand zu informieren und vor allem die Leute mal persönlich kennen zu lernen. JEDER ist herzlich eingeladen. Anmeldungen und Einzelheiten gibt es bei Sparplan bitte über BM.
Jeder ist herzlich willkommen, auch sachliche Kritiker, keine Frage. Dort kann dann unter vier, acht oder noch mehr Augen alles besprochen werden, was sich während der zwei vergangenen Explorer-Baisse-Jahre an "Dampf" angestaut hat.
Und wenn man dann mit den Leuten aus dem Forum und als HighLight auch mit den verantwortlichen Managern gesprochen hat, dann wird vielleicht einiges klarer und verständlicher geworden sein.
Auch ich habe dieses im Jahr 2007 als ThreadNebie gemacht und danach entschieden, dass Cardero, Tower Hills, Wealth, Dorato, Indico, Trevali & Co. nicht nur normale Depotpostionen bei mir werden, sondern dass alleine diese 6 Werte gut 80 % (!!!) meiner mir zur Verfügung stehenden Liquidität erhalten werden und erhalten haben!
Irgendwann habe ich das mal im Hautthread geschrieben, dass ich selbst meine, ein gutes Näßchen fürs Geldverdienen zu haben, auch an der Börse (früher war ich nämlich auch eine "arme Sau"). Das letzte mal habe ich ein Häuschen mit Daimler verdient, als man Schremp endlich rausgeschmissen hat und ich für ein paar 10k €´s Optionsscheine kaufte. Mein PayBack war ein Vielfaches.
Das spielt aber keine Rolle mehr, ähnliche Beipiele könnte ich aufzeigen. Was ich damit sagen will: Schaut Euch die "Henk´s" mit allem Drumherum etwas genauer an, dazu hat im kommenden November jeder die Möglichkeit, und Ihr werdet dann von selbst einsehen, dass ihr das eine oder andere besonders Gehässige/Verleumderische oder Gelogene lieber nicht geschrieben hättet.
Und wenn nicht? Nun, dann wird Euch der Kurs die Antwort geben. Bestimmt nicht bei jeder Aktie schon im August 2008 - aber irgendwann sicherlich!
Boardtreffen in München am 7. und vor allem 8.11.2008
Wer noch nicht hat, der sollte sich sputen. Die Zimmer im Veranstaltungshotel und in den Hotels drum herum werden nicht billiger. Es werden auf jeden Fall die Präsidenten der Firmen Cardero, Cardero Iron, Wealth, ITH, Dorato und Trevali, sowie die entsprechenden IR-Leute kommen. Dazu denke ich noch Keith und Scotty.
Nutzt diese Chance euch aus erster Hand zu informieren und vor allem die Leute mal persönlich kennen zu lernen. JEDER ist herzlich eingeladen. Anmeldungen und Einzelheiten gibt es bei Sparplan bitte über BM.
Jeder ist herzlich willkommen, auch sachliche Kritiker, keine Frage. Dort kann dann unter vier, acht oder noch mehr Augen alles besprochen werden, was sich während der zwei vergangenen Explorer-Baisse-Jahre an "Dampf" angestaut hat.
Und wenn man dann mit den Leuten aus dem Forum und als HighLight auch mit den verantwortlichen Managern gesprochen hat, dann wird vielleicht einiges klarer und verständlicher geworden sein.
Auch ich habe dieses im Jahr 2007 als ThreadNebie gemacht und danach entschieden, dass Cardero, Tower Hills, Wealth, Dorato, Indico, Trevali & Co. nicht nur normale Depotpostionen bei mir werden, sondern dass alleine diese 6 Werte gut 80 % (!!!) meiner mir zur Verfügung stehenden Liquidität erhalten werden und erhalten haben!
Irgendwann habe ich das mal im Hautthread geschrieben, dass ich selbst meine, ein gutes Näßchen fürs Geldverdienen zu haben, auch an der Börse (früher war ich nämlich auch eine "arme Sau"). Das letzte mal habe ich ein Häuschen mit Daimler verdient, als man Schremp endlich rausgeschmissen hat und ich für ein paar 10k €´s Optionsscheine kaufte. Mein PayBack war ein Vielfaches.
Das spielt aber keine Rolle mehr, ähnliche Beipiele könnte ich aufzeigen. Was ich damit sagen will: Schaut Euch die "Henk´s" mit allem Drumherum etwas genauer an, dazu hat im kommenden November jeder die Möglichkeit, und Ihr werdet dann von selbst einsehen, dass ihr das eine oder andere besonders Gehässige/Verleumderische oder Gelogene lieber nicht geschrieben hättet.
Und wenn nicht? Nun, dann wird Euch der Kurs die Antwort geben. Bestimmt nicht bei jeder Aktie schon im August 2008 - aber irgendwann sicherlich!
.
DIE Alternative:
( wenn es im Leben
einmal doch nicht
so laufen sollte
wie jederzeit vorhergesagt )
das schloßähnliche
Altersheim ( für 182
überzeugt
Gewesene )
aus Sand:
.
DIE Alternative:
( wenn es im Leben
einmal doch nicht
so laufen sollte
wie jederzeit vorhergesagt )
das schloßähnliche
Altersheim ( für 182
überzeugt
Gewesene )
aus Sand:
.
Ich bin mir bei der Bude eben alles andere als sicher
Du schreibst doch seitenlang im Stakkato, dass Cardero zu 100% eine Schrottbude ist....und da bist Du dir nicht mehr sicher?
Meine Motivation hier zu schreiben ist eine ganz andere
Das ist ganz offensichtlich, Selbstentlarvung at it`´s best, Du Flachpfeife!
Du schreibst doch seitenlang im Stakkato, dass Cardero zu 100% eine Schrottbude ist....und da bist Du dir nicht mehr sicher?
Meine Motivation hier zu schreiben ist eine ganz andere
Das ist ganz offensichtlich, Selbstentlarvung at it`´s best, Du Flachpfeife!
!
Dieser Beitrag wurde moderiert.
Ich muss sagen, das wieder auf den Faktor Zeit hingewiesen wird. Ende August werden wir sehen, welchen Zweck das alles hatte. Kommen Fakten oder wollte man wieder nur , wie in den vergangenen 4 Jahren, Stücke aus dem PP an den Mann oder auch Frau bringen. Einige Herren müssen dann unweigerlich Farbe bekennen.
Ob Sie Ihr Gesicht wahren????????????????????
Ende August werden wir sehen, welchen Zweck das alles hatte. Kommen Fakten oder wollte man wieder nur , wie in den vergangenen 4 Jahren, Stücke aus dem PP an den Mann oder auch Frau bringen. Einige Herren müssen dann unweigerlich Farbe bekennen. Ob Sie Ihr Gesicht wahren????????????????????
.
Bald 900 / 1000 Beiträge
Wer hätte das gedacht
Die hättest du aber
schon lange überschritten, wenn du
( wie in anderen threads üblich )
brauchbare und / oder unnütze
Kopien aus irgendwelchen
websites eingestellt hättest.
Der "Sache" hättest du damit
auf jeden Fall damit gedient
( würde man meinen ).
:O
Bald 900 / 1000 BeiträgeWer hätte das gedacht
Die hättest du aber
schon lange überschritten, wenn du
( wie in anderen threads üblich )
brauchbare und / oder unnütze
Kopien aus irgendwelchen
websites eingestellt hättest.
Der "Sache" hättest du damit
auf jeden Fall damit gedient
( würde man meinen ).
:O
Antwort auf Beitrag Nr.: 34.550.356 von married am 21.07.08 13:09:16( Hole mir ein "damit" zurück )
Hole mir ein "damit" zurück )
Antwort auf Beitrag Nr.: 34.549.972 von Bybbi am 21.07.08 12:19:47
Wie sieht es denn nun mit einem Besuch in München aus, da kannst Du das "Wahren der Gesichter" unmittelbar vor Ort mit den entsprechenden Leuten direkt abchecken?
Dazu zwei Punkte:
1. Da Du Dich ja mehr oder minder als "geschädigt" geoutet hast, zahle ich Dir die Übernachtung von Samstag auf Sonntag. Die Anreise dürfte von Deiner Location aus mit dem PKW ja wohl keine große Hürde sein.
2. Keine Sorge, es wird Dich niemand anfassen, dazu hast Du mein persönliches Wort. Zumindest müsste der- oder diejenige auch erst mich über den Haufen "rennen" und glaube mir, 9 von 10 "Kandidaten" würden dieses erst gar nicht versuchen wollen...
Vielleicht findest Du dann, wenn man sich das eine oder andere mal unter vier Augen gesagt hat, Deinen "inneren Frieden" wieder.
BM genügt.
Wie sieht es denn nun mit einem Besuch in München aus, da kannst Du das "Wahren der Gesichter" unmittelbar vor Ort mit den entsprechenden Leuten direkt abchecken?
Dazu zwei Punkte:
1. Da Du Dich ja mehr oder minder als "geschädigt" geoutet hast, zahle ich Dir die Übernachtung von Samstag auf Sonntag. Die Anreise dürfte von Deiner Location aus mit dem PKW ja wohl keine große Hürde sein.
2. Keine Sorge, es wird Dich niemand anfassen, dazu hast Du mein persönliches Wort. Zumindest müsste der- oder diejenige auch erst mich über den Haufen "rennen" und glaube mir, 9 von 10 "Kandidaten" würden dieses erst gar nicht versuchen wollen...
Vielleicht findest Du dann, wenn man sich das eine oder andere mal unter vier Augen gesagt hat, Deinen "inneren Frieden" wieder.
BM genügt.
Das ist doch mal ein Wort
Bybbi
Da es Dir ja nicht so sehr um die Aktie geht kannst Du ja vieles in einem persönlichem Gespräch klären. Siam öffnet Dir sozusagen Tür und Tor.
Bin mal gespannt ob Du dieses Angebot annehmen wirst.
Es klingt sehr vertrauensvoll.
Bybbi
Da es Dir ja nicht so sehr um die Aktie geht kannst Du ja vieles in einem persönlichem Gespräch klären. Siam öffnet Dir sozusagen Tür und Tor.
Bin mal gespannt ob Du dieses Angebot annehmen wirst.
Es klingt sehr vertrauensvoll.
@Meislo
Ich soll nach München fahren , um mich dort beleidigen und beschimpfen lassen oder als Lügner zu betiteln, obwohl ich nachweislich nicht gelogen habe. Aus meiner Sicht der Dinge , so wie ich sie sehe oder sie sehen muss, da ich nicht zum Zirkel gehöre, auch da ich nicht die Quellen habe , wie manch anderer. Meine Meinung lasse ich mir nicht , von keinem, verbieten.
Trotzdem danke Siam, für das Angebot .
Ich soll nach München fahren , um mich dort beleidigen und beschimpfen lassen oder als Lügner zu betiteln, obwohl ich nachweislich nicht gelogen habe. Aus meiner Sicht der Dinge , so wie ich sie sehe oder sie sehen muss, da ich nicht zum Zirkel gehöre, auch da ich nicht die Quellen habe , wie manch anderer. Meine Meinung lasse ich mir nicht , von keinem, verbieten.
Trotzdem danke Siam, für das Angebot .
Und noch was Meislo, vertrauen tu ich an der Börse schon gar keinen.
Antwort auf Beitrag Nr.: 34.551.391 von Bybbi am 21.07.08 14:51:43
Es will Dir keiner Deine Meinung verbieten und beschimpfen wird Dich auch keiner. Das kann ich mir zumindest nicht vorstellen, denn denn die betreffenden Leute sind alles gebildete und/oder zivilisierte Investoren.
Ich Gegenteil, man würde es vermutlich sogar respektieren, wenn Du das Rückgrat zeigen würdest und Dich dort den Leuten stellst. Wobei es gar nicht darum geht, jemanden runterzumachen, ich wiederhole mich gerne, nein, JEDEM soll die Gelegenheit gegeben werden, "einschlägig bekannte" WO-User wie Neono & Co. und noch viel wichtiger die entsprechenden Manager wie Henk van Alpen persönlich kennenzulernen.
Den könntest Du beispielsweise im Rahmen der anstehenden Präsentation mal persönlich danach fragen, warum er bzw. sein Broker denn im Mai ein paar Cardero-Shares verkauft hat. Vielleicht interessieren sich auch andere für die Antwort.
Mich persönlich interessiert die Antwort nicht, man hat mir von versierter Stelle einmal das entsprechende Prozedere anschaulich erläutert. Meine Konsequenzen: Ich habe Cardero nachgekauft und da ich unvorhergesehen vielleicht doch noch ein paar €´s flüssig machen kann, kann ich die Tage Cardero vielleicht sogar noch einmal nachkaufen.
Überleg es Dir mit München, für mich war das im letzten Jahr als Neuling ein absoluter Quantensprung und die haben mich da nicht unter Drogen gesetzt, dass ich anschließend im Delirium über Neono´s Notebook eine Kauforder nach der anderen durchgeschoben habe...
Ich wiederhole mich hier noch einmal und/oder drücke es noch einmal etwas anders aus: Es gibt aus meiner Sicht derzeit kein anderes Investment, mit dem man
a) kurzfristig bis max. Jahresende und
b) so hohe Kurschancen hat und das
c) mit einer den Verhältnissen entsprechenden außergewöhnlichen Sicherheit.
Diese Auffassung enspringt nicht meinem Wunschdenken, sondern ist meine tiefste Überzeugung. Mehr kann ich dazu nicht schreiben. Wer es nicht glaubt, muss es eben lassen, sollte sich später aber auch wie ein Mann benehmen, wenn man nicht mit im "Gewinnerboot" sitzt!
Es will Dir keiner Deine Meinung verbieten und beschimpfen wird Dich auch keiner. Das kann ich mir zumindest nicht vorstellen, denn denn die betreffenden Leute sind alles gebildete und/oder zivilisierte Investoren.
Ich Gegenteil, man würde es vermutlich sogar respektieren, wenn Du das Rückgrat zeigen würdest und Dich dort den Leuten stellst. Wobei es gar nicht darum geht, jemanden runterzumachen, ich wiederhole mich gerne, nein, JEDEM soll die Gelegenheit gegeben werden, "einschlägig bekannte" WO-User wie Neono & Co. und noch viel wichtiger die entsprechenden Manager wie Henk van Alpen persönlich kennenzulernen.
Den könntest Du beispielsweise im Rahmen der anstehenden Präsentation mal persönlich danach fragen, warum er bzw. sein Broker denn im Mai ein paar Cardero-Shares verkauft hat. Vielleicht interessieren sich auch andere für die Antwort.
Mich persönlich interessiert die Antwort nicht, man hat mir von versierter Stelle einmal das entsprechende Prozedere anschaulich erläutert. Meine Konsequenzen: Ich habe Cardero nachgekauft und da ich unvorhergesehen vielleicht doch noch ein paar €´s flüssig machen kann, kann ich die Tage Cardero vielleicht sogar noch einmal nachkaufen.
Überleg es Dir mit München, für mich war das im letzten Jahr als Neuling ein absoluter Quantensprung und die haben mich da nicht unter Drogen gesetzt, dass ich anschließend im Delirium über Neono´s Notebook eine Kauforder nach der anderen durchgeschoben habe...
Ich wiederhole mich hier noch einmal und/oder drücke es noch einmal etwas anders aus: Es gibt aus meiner Sicht derzeit kein anderes Investment, mit dem man
a) kurzfristig bis max. Jahresende und
b) so hohe Kurschancen hat und das
c) mit einer den Verhältnissen entsprechenden außergewöhnlichen Sicherheit.
Diese Auffassung enspringt nicht meinem Wunschdenken, sondern ist meine tiefste Überzeugung. Mehr kann ich dazu nicht schreiben. Wer es nicht glaubt, muss es eben lassen, sollte sich später aber auch wie ein Mann benehmen, wenn man nicht mit im "Gewinnerboot" sitzt!
Antwort auf Beitrag Nr.: 34.551.651 von to_siam am 21.07.08 15:14:27Es will Dir keiner Deine Meinung verbieten und beschimpfen wird Dich auch keiner. Das kann ich mir zumindest nicht vorstellen, denn denn die betreffenden Leute sind alles gebildete und/oder zivilisierte Investoren...
Wenn du so etwas allen Ernstes behauptest und danach noch anfügst
...für mich war das im letzten Jahr als Neuling ein absoluter Quantensprung und die haben mich da nicht unter Drogen gesetzt...
da kommen mir doch echte Zweifel auf.
Wenn du so etwas allen Ernstes behauptest und danach noch anfügst
...für mich war das im letzten Jahr als Neuling ein absoluter Quantensprung und die haben mich da nicht unter Drogen gesetzt...
da kommen mir doch echte Zweifel auf.
Zur Untermauerung meiner Zweifel bzgl. Bildungsstand und zivilisatorischem Benehmen möchte ich nur zwei Beispiele aus jüngster Vergangenheit zitieren, die es nicht wert waren gelöscht zu werden:
...Sie sind oft genauso schwer abzuschütteln wie Hunde die sich versuchen mit dem Bein eines Menschen zu paaren...
und
...Deutschland ist eines der wenigen Länder wo Du nicht unbedingt riskierst, bei so einem Benehmen eine auf das Maul zu bekommen. Woanders geht das ganz schnell...
...Sie sind oft genauso schwer abzuschütteln wie Hunde die sich versuchen mit dem Bein eines Menschen zu paaren...
und
...Deutschland ist eines der wenigen Länder wo Du nicht unbedingt riskierst, bei so einem Benehmen eine auf das Maul zu bekommen. Woanders geht das ganz schnell...
Ganz vergessen,
Guten Abend Reals!
Guten Abend Real
s!
Antwort auf Beitrag Nr.: 34.553.696 von hingucker am 21.07.08 18:28:22.
Er schreibt ja
"..... gebildete und/oder zivilisierte Investoren... "
Das " oder " ist dazwischen.
Er schreibt ja
"..... gebildete und/oder zivilisierte Investoren... "
Das " oder " ist dazwischen.
Antwort auf Beitrag Nr.: 34.554.130 von married am 21.07.08 19:21:16Ja, manchmal schimmert ungewollt etwas Realitätssinn durch.
Antwort auf Beitrag Nr.: 34.553.696 von hingucker am 21.07.08 18:28:22Na, musst mal wieder ganz bewusst und im eigenen Interesse die Ursau spielen
Antwort auf Beitrag Nr.: 34.554.688 von meislo am 21.07.08 20:23:59Na, musst mal wieder ganz bewusst und im eigenen Interesse die Ursau spielen
Bist du in der Lage, das an einem Beispiel fest zu machen?
Ich fürchte nein.
ursau, f., angeblich bairisch für 'eine grosze und schöne sau, ein hauptschwein' ADELUNG (ur- C 4 c); so schon WACHTER (1737) 1755, dann auch die von ADELUNG und CAMPE abhängigen wörterbücher. aber SCHMELLER-FR. 1, 1754 verwirft das wort: 'da mir diese u. sonst je weder zu ohren, noch zu gesicht gekommen ist, so vermuthe ich, dasz entweder unter der u. die nersau, oder unter der nersau die u. versteckt seyn müsse.' vgl. nährsau th. 7, 310; übersau STAUB-TOBLER 7, 1505; nd. urswin.
Bist du in der Lage, das an einem Beispiel fest zu machen?
Ich fürchte nein.
ursau, f., angeblich bairisch für 'eine grosze und schöne sau, ein hauptschwein' ADELUNG (ur- C 4 c); so schon WACHTER (1737) 1755, dann auch die von ADELUNG und CAMPE abhängigen wörterbücher. aber SCHMELLER-FR. 1, 1754 verwirft das wort: 'da mir diese u. sonst je weder zu ohren, noch zu gesicht gekommen ist, so vermuthe ich, dasz entweder unter der u. die nersau, oder unter der nersau die u. versteckt seyn müsse.' vgl. nährsau th. 7, 310; übersau STAUB-TOBLER 7, 1505; nd. urswin.
Antwort auf Beitrag Nr.: 34.554.811 von hingucker am 21.07.08 20:38:39Wieso bist Du nur hellblau hinterlegt?
Hast Du Probleme WO Deine wahre Identität zu vermitteln?
Viele habens nicht!
Warum Du nicht??
Hast Du Probleme WO Deine wahre Identität zu vermitteln?
Viele habens nicht!
Warum Du nicht??
Antwort auf Beitrag Nr.: 34.554.935 von meislo am 21.07.08 20:54:16Wieso bist Du nur hellblau hinterlegt?
Typisches Verweigern einer Antwort durch eine Gegenfrage.
Aber klär mich mal auf, was heißt "blau hinterlegt"? Das ich kein Bild a la GSX oder Sparplan habe?
Typisches Verweigern einer Antwort durch eine Gegenfrage.
Aber klär mich mal auf, was heißt "blau hinterlegt"? Das ich kein Bild a la GSX oder Sparplan habe?
Antwort auf Beitrag Nr.: 34.554.935 von meislo am 21.07.08 20:54:16
.
@Bybbi
heute mehr Leser als gecoachte threads wie z.B. Kobex oder Indico
Du schaffst es
@Bybbi
heute mehr Leser als gecoachte threads wie z.B. Kobex oder Indico
Du schaffst es
Antwort auf Beitrag Nr.: 34.554.988 von hingucker am 21.07.08 20:58:50Mit falschem Pass unterwegs oder wie??
Antwort auf Beitrag Nr.: 34.555.058 von meislo am 21.07.08 21:06:38Jo, Meislo. Ein echter Brüller!
Antwort auf Beitrag Nr.: 34.555.058 von meislo am 21.07.08 21:06:38Ich schlage vor wir machen dieses Threat zur Nebensau!
Sachlich ist hier garnichts, schwafeln darf jeder(auch wenn er hellblau unterlegt ist) und der Spassfaktor kommt auch nicht zu kurz
Sachlich ist hier garnichts, schwafeln darf jeder(auch wenn er hellblau unterlegt ist) und der Spassfaktor kommt auch nicht zu kurz
Antwort auf Beitrag Nr.: 34.553.431 von hingucker am 21.07.08 17:53:28
@hingucker - Für Dich gilt die Einladung mit München übrigens auch. Anreise zahlst/organisierst Du selbst, die Nacht von Samstag auf Sonntag zahle ich auch Dir.
Wenn man das eine oder andere von komplexen Themen nicht auf Anhieb versteht, so ist das kein Beinbruch. Man sollte dann aber alle verfügbaren Optionen wahrnehmen, sich selbst in einen besseren Wissenstand zu versetzen.
Verstehen kann ich es in Deinem Fall fast noch weniger als beim Threaderöffner hier, dass Du nicht selber auf Idee kommst, mal etwas für den eigenen Background zu tun.
So fundiert und geballt wie im November in München wirst Du das nur einmal im Jahr vorfinden.
Und auch Du brauchst keine Angst um Deine Gesundheit zu haben, es wird nicht einmal zu verbalen Entgleisungen zu später Stunde kommen. So zumindest meine tiefe Überzeugung.
BM genügt und ich buche. Vielleicht sprichst Du Bibbie mal an, ob Ihr es nicht in einem Doppelzimmer zusammen versuchen wollt. Dann könntet Ihr mit Hilfe seines "Übernachtungsgutscheines" beide schon am Freitag anreisen und hättet noch viel mehr Zeit und Gelegenheit, mit Henk & Co. sowie Neono & Co. das eine oder andere in der letzten Zeit aufgetauchte Fragezeichen zu klären.
Auch die Messe an sich ist zumindest am Samstag einen ausgiebigen Besuch wert, keine Frage. Denk mal darüber nach.
@hingucker - Für Dich gilt die Einladung mit München übrigens auch. Anreise zahlst/organisierst Du selbst, die Nacht von Samstag auf Sonntag zahle ich auch Dir.
Wenn man das eine oder andere von komplexen Themen nicht auf Anhieb versteht, so ist das kein Beinbruch. Man sollte dann aber alle verfügbaren Optionen wahrnehmen, sich selbst in einen besseren Wissenstand zu versetzen.
Verstehen kann ich es in Deinem Fall fast noch weniger als beim Threaderöffner hier, dass Du nicht selber auf Idee kommst, mal etwas für den eigenen Background zu tun.
So fundiert und geballt wie im November in München wirst Du das nur einmal im Jahr vorfinden.
Und auch Du brauchst keine Angst um Deine Gesundheit zu haben, es wird nicht einmal zu verbalen Entgleisungen zu später Stunde kommen. So zumindest meine tiefe Überzeugung.
BM genügt und ich buche. Vielleicht sprichst Du Bibbie mal an, ob Ihr es nicht in einem Doppelzimmer zusammen versuchen wollt. Dann könntet Ihr mit Hilfe seines "Übernachtungsgutscheines" beide schon am Freitag anreisen und hättet noch viel mehr Zeit und Gelegenheit, mit Henk & Co. sowie Neono & Co. das eine oder andere in der letzten Zeit aufgetauchte Fragezeichen zu klären.
Auch die Messe an sich ist zumindest am Samstag einen ausgiebigen Besuch wert, keine Frage. Denk mal darüber nach.
Antwort auf Beitrag Nr.: 34.555.202 von hingucker am 21.07.08 21:21:15Hast Du konstrutive Kritik?
Bloss raus damit?
Bin echt gespannt.
Mal kein wischiwaschi!!
Ist doch sonst Deine Art
Bloss raus damit?
Bin echt gespannt.
Mal kein wischiwaschi!!
Ist doch sonst Deine Art
@Bybbie - Wie ernst ich es mit der Einladung meine, zeigt übrigens auch die Tatsache, dass ich Dich von meiner BM-Blocker-Liste gestrichen habe:
Ignoriert (Boardmail) Benutzername
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Ignoriert (Boardmail) Benutzername
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Antwort auf Beitrag Nr.: 34.549.972 von Bybbi am 21.07.08 12:19:47Bybbi
married und Hingucker benutzen den
thread!
vielleicht auch Dich!!
Sie sind nicht das für was sie sich ausgeben!
married und Hingucker benutzen den
thread!
vielleicht auch Dich!!
Sie sind nicht das für was sie sich ausgeben!
@ Meislo
Wehr auf WO ist schon der, für wen er sich ausgibt? Ich möchte nicht wissen , wie viele User ein und der selbe sind. Der Werbespruch von CMC, das an der Börse nur die Beute zählt , stimmt leider in jeder Hinsicht. Nur wird es immer schlimmer, so wie die Gier der Anleger.
Nach ca. 10 Jahren an der Börse, weiß ich eins, vertrauen oder glauben würde ich nicht mal der Putzfrau und am allerwenigsten Euren Oberlehrer.
Wehr auf WO ist schon der, für wen er sich ausgibt? Ich möchte nicht wissen , wie viele User ein und der selbe sind. Der Werbespruch von CMC, das an der Börse nur die Beute zählt , stimmt leider in jeder Hinsicht. Nur wird es immer schlimmer, so wie die Gier der Anleger.
Nach ca. 10 Jahren an der Börse, weiß ich eins, vertrauen oder glauben würde ich nicht mal der Putzfrau und am allerwenigsten Euren Oberlehrer.
Nun , die Stimmung jetzt nach der News zu PdP, erinnert mich an die Stimmung nach den ersten Bohrergebnissen von der Baja. Wohl doch nicht der Hammer?
Auch die Insider , die diese Studie schon vor Veröffentlichung gesehen haben, haben offensichtlich nicht im großen Stiel gekauft. Ich frage mich warum wohl?
Kein Huraaaaaaaaaaaaa und keine Lobeshymnen was`n da los??
Antwort auf Beitrag Nr.: 34.556.148 von Bybbi am 21.07.08 23:11:40.
CAD 2.04
bis 2010 .... das müßte doch zu schaffen sein
Grant of Incentive Stock Options
The Company also announces that, pursuant to its 2002 Incentive Stock Option Plan, it has granted incentive stock options to certain directors, officers, employees and consultants allowing them to purchase up to an aggregate of 2,000,000 common shares in the capital stock of the Company. The options are exercisable at a price of CAD 2.04 for a period of two years ending July 21, 2010.
.
CAD 2.04
bis 2010 .... das müßte doch zu schaffen sein
Grant of Incentive Stock Options
The Company also announces that, pursuant to its 2002 Incentive Stock Option Plan, it has granted incentive stock options to certain directors, officers, employees and consultants allowing them to purchase up to an aggregate of 2,000,000 common shares in the capital stock of the Company. The options are exercisable at a price of CAD 2.04 for a period of two years ending July 21, 2010.
.
Morgääähn
Soll die News dazu dienen, das große Paket zu versilbern? Mal sehen, wie viele Stücke an den Mann/Frau gebracht werden können?
Soll die News dazu dienen, das große Paket zu versilbern? Mal sehen, wie viele Stücke an den Mann/Frau gebracht werden können?
Euphorie sieht anders aus. So wird das nix. Da müßt Ihr schon was nachhelfen. Aber Ihr habt ja noch bis zum 4 August
Vieleicht läßt sich der Holländer noch was einfallen, da habt Ihr es leichter.
Vieleicht läßt sich der Holländer noch was einfallen, da habt Ihr es leichter.
Das Umfeld ist aber heute wieder mal sooooooooooooo schlecht
Antwort auf Beitrag Nr.: 34.556.970 von Bybbi am 22.07.08 08:50:28
@Bybbie - Dein Zitat: Ich möchte nicht wissen , wie viele User ein und der selbe sind.
Das ist jedem klar denkenen Menschen absolut klar, dass Du das gar nicht wissen willst, denn ansonsten würdest Du die Einladung für München annehmen und mal hinter die Kulissen schauen. Aber das willst Du ja gar nicht, Du willst gar nicht die Wahrheit wissen.
Warum regst Du Dich so über unsere Reaktionen bezüglich der jetzt eingegangen Testergebnisse auf?
"Freuen" wir uns offen, dann sind wir alles Pusher, die nur ihre PP-Shares an den Mann bringen wollen.
"Freuen" wir uns im Stillen, dann sollen es gleich "Baja-Ergebnisse" sein.
Kopfschüttel!
Egal, macht Euer Ding hier weiter, mein kurzer Ausflug ist nunmehr beendet. Nutzt die Zeit, die Euch noch bleibt, ist nicht mehr lang hin...
@Bybbie - Dein Zitat: Ich möchte nicht wissen , wie viele User ein und der selbe sind.
Das ist jedem klar denkenen Menschen absolut klar, dass Du das gar nicht wissen willst, denn ansonsten würdest Du die Einladung für München annehmen und mal hinter die Kulissen schauen. Aber das willst Du ja gar nicht, Du willst gar nicht die Wahrheit wissen.
Warum regst Du Dich so über unsere Reaktionen bezüglich der jetzt eingegangen Testergebnisse auf?
"Freuen" wir uns offen, dann sind wir alles Pusher, die nur ihre PP-Shares an den Mann bringen wollen.
"Freuen" wir uns im Stillen, dann sollen es gleich "Baja-Ergebnisse" sein.
Kopfschüttel!
Egal, macht Euer Ding hier weiter, mein kurzer Ausflug ist nunmehr beendet. Nutzt die Zeit, die Euch noch bleibt, ist nicht mehr lang hin...
An der Kursreaktion ist wieder mal zu sehen, was von der ganzen Sache zu halten ist.
Ihr müßt kaufen , kaufen, kaufen , denn Henk könnte noch heute ein TH veranlasen, wohl dem da da drinn ist.
Ihr müßt kaufen , kaufen, kaufen , denn Henk könnte noch heute ein TH veranlasen, wohl dem da da drinn ist.
Woher willst Du denn wissen, das ich nicht nach München fahren werde und ich nicht schon voriges Jahr dort war. Woher willst Du denn wissen, das ich nicht weis, wer zB. Der Oberlehrer und andere sind? Woher willst Du denn wissen, das ich nicht schon mit einigen sogar gesprochen habe , nicht viel aber immer hin.
Antwort auf Beitrag Nr.: 34.557.239 von Bybbi am 22.07.08 09:23:07Bybbi 
in München - zieht euch warm an, Jungs
in München - zieht euch warm an, Jungs
Was wird denn da wieder hineininterpretiert ? Wenn andere nach München fahren ist das gut. Wenn ich nach München fahren will ohne großes Tam Tam , dann heißt es „Warm anziehen“
Das verstehe wer will.
Das verstehe wer will.
Antwort auf Beitrag Nr.: 34.557.624 von Bybbi am 22.07.08 10:00:07
Neurotische Paranoia könnte man so etwas nennen.
Ist "Mancherorts" sehr verbreitet und nach Monaten ansteckend.
Neurotische Paranoia könnte man so etwas nennen.
Ist "Mancherorts" sehr verbreitet und nach Monaten ansteckend.
danke Zausel, mal sehen, was dabei rum kommt und ob das andere auch so interpretieren
Antwort auf Beitrag Nr.: 34.559.763 von Bybbi am 22.07.08 13:31:12.
Er ist wirklich ein sehr angenehmer Genosse, objektiv, sehr unvoreingenommen und läßt sich nicht beeinflussen.
.
Er ist wirklich ein sehr angenehmer Genosse, objektiv, sehr unvoreingenommen und läßt sich nicht beeinflussen.
.
Nehmen wir mal an , das das alles so stimmt. Was währe nun noch ein Killer? Die Kosten für den Bau einer Miene? Die Kosten für den Abbau? Die Kosten für Abtransport dürften es ja nicht sein, wenn sie den Hafen nutzen können. Was ist mit Umweltschutz?
Da ist es wieder das Spiel . „Ich weis was , ich weis was“
Mal sehen, wie hoch man das Ding pushen kann? Schließlich müssen noch ein paar Stücke an den Mann/Frau gebracht werden.
Kommt Leute gebt Ihm Eure Mail Adresse. Diese Leute brauchen neue Teilnehmer, denn ohne die , funktioniert deren Spiel nicht. Man könnte meinen, jeder Kettenbrief und jedes Schneeballsystem funktioniert so.
Danke für die Aufmerksamkeit , Euch da drüben.
Also Siam, wie find ich das denn, erst machs´de einen auf Minge und dann sags`de , „Ich weis was, ich weis was, aber der Bybbi darf es nicht wissen also schickt mir Eure Email Adresse.“
Was bist Du denn für einer? Da sind wir wieder bei Glauben und Vertrauen , das jedenfalls tu ich Dir/Euch auf keinen Fall.
Herr Oberlehrer, warum soll mir denn der Bolzen gehen?
Was bist Du denn für einer? Da sind wir wieder bei Glauben und Vertrauen , das jedenfalls tu ich Dir/Euch auf keinen Fall.
Herr Oberlehrer, warum soll mir denn der Bolzen gehen?
Das ist ja sooooooooooooo geil, erst ein paar News damit man seinen Schrott wandeln kann. Das der Kurs nur nachhaltig steigen kann , muss ein Bieter her. Da aber offensichtlich keiner in Sicht ist, bringt man schon mal den Monat November ins Spiel. Hatte man doch noch Wetten und weit höhere Kurse im August prophezeit. Das gleiche Spiel veranstaltete man schon mal mit dem Zottel. Man müsste sich mal drüben von Anfang an nach mal alles durchlesen, dann würde man merken, das diese Masche schon zig mal praktiziert wurde. Das müssen die doch auf dem Seminar gelernt haben.
Also, gebt Ihnen Eure Mail Adresse, damit sie weiter machen können.
Also, gebt Ihnen Eure Mail Adresse, damit sie weiter machen können.
seht Ihr was da wieder läuft, man kann die Uhr danach stellen
man kann die Uhr danach stellen
Den ganzen Tag hatte man getrommelt und den Kurs somit hochgezogen und läd nun ab und ist auf wundersamer Weise auf einmal ganz still .
Antwort auf Beitrag Nr.: 34.561.616 von Bybbi am 22.07.08 16:38:59.
.
Deine Beobachtung trifft genau zu:
16:06:01 1,35 2.960 3.996
15:54:57 1,36 2.000 2.720
15:53:10 1,38 3.000 4.140
14:57:55 1,43 1.470 2.102
13:57:00 1,44 2.000 2.880
13:39:49 1,45 1.360 1.972
13:28:36 1,45 2.640 3.828
12:58:23 1,43 1.000 1.430
11:29:35 1,40 400 560
10:49:12 1,42 2.000 2.840
09:58:37 1,40 2.300 3.220
.
.
Deine Beobachtung trifft genau zu:
16:06:01 1,35 2.960 3.996
15:54:57 1,36 2.000 2.720
15:53:10 1,38 3.000 4.140
14:57:55 1,43 1.470 2.102
13:57:00 1,44 2.000 2.880
13:39:49 1,45 1.360 1.972
13:28:36 1,45 2.640 3.828
12:58:23 1,43 1.000 1.430
11:29:35 1,40 400 560
10:49:12 1,42 2.000 2.840
09:58:37 1,40 2.300 3.220
.
so ein Blödsinn; Neono wiederholt seit Tagen beinahe gebetsmühlenhaft, dass wegen der frei werdenden Options und Warrants nix über 2,10 Dollar gekauft werden sollte.
wer lesen kann, ist klar im Vorteil
wer lesen kann, ist klar im Vorteil
Antwort auf Beitrag Nr.: 34.561.616 von Bybbi am 22.07.08 16:38:59Den ganzen Tag hatte man getrommelt und den Kurs somit hochgezogen und läd nun ab und ist auf wundersamer Weise auf einmal ganz still .
Hast du einen Realitätsverlust?
Wer trommelt, läd ab und soll nun still sein?
Hast du einen Realitätsverlust?
Wer trommelt, läd ab und soll nun still sein?
Habe mal eine oder mehrere Fragen hier zu der gestriegen News.
Hier sind doch Fachleute unter Euch. Ich denke da an den treadvater Bybbi, merried oder auch hingucker
Wie seht Ihr die gestriege News? Was wurde kommuniziert und warum wurde die News nicht vom Markt so angenommen wie es sich einige gedacht haben. Welche Tests wurden mit welchem Ergebnis publiziert und welche stehen noch aus? Was sollen diese Tests bewirken? und warum macht man das ganze?
Bin mal gespannt wer hier eine aussagefähige Antwort liefern kann!!
Warscheinlich kommt, wenn überhaupt was kommt nur Murks und abgekupferte Antworten!
Hier sind doch Fachleute unter Euch. Ich denke da an den treadvater Bybbi, merried oder auch hingucker
Wie seht Ihr die gestriege News? Was wurde kommuniziert und warum wurde die News nicht vom Markt so angenommen wie es sich einige gedacht haben. Welche Tests wurden mit welchem Ergebnis publiziert und welche stehen noch aus? Was sollen diese Tests bewirken? und warum macht man das ganze?
Bin mal gespannt wer hier eine aussagefähige Antwort liefern kann!!
Warscheinlich kommt, wenn überhaupt was kommt nur Murks und abgekupferte Antworten!
Antwort auf Beitrag Nr.: 34.563.072 von meislo am 22.07.08 19:01:16gestriegen News
Wie seht Ihr die gestriege News?
merried
Wie seht Ihr die gestriege News?
merried
Antwort auf Beitrag Nr.: 34.563.072 von meislo am 22.07.08 19:01:16( Ich wollte noch unter meine erste Antwort schreiben " war dieser Beitrag wirklich von Dir ? " )
Antwort auf Beitrag Nr.: 34.563.072 von meislo am 22.07.08 19:01:16Lies doch einfach die News oder lass sie dir übersetzen. Da werden die meisten deiner Fragen beanwortet.
Und wenn du nur Murks erwartest, warum stellst du dann so überflüssige Fragen?
Und gib dir bitte etwas mehr Mühe bei der Rechtschreibung.
Und wenn du nur Murks erwartest, warum stellst du dann so überflüssige Fragen?
Und gib dir bitte etwas mehr Mühe bei der Rechtschreibung.
Antwort auf Beitrag Nr.: 34.563.248 von hingucker am 22.07.08 19:19:14Fang doch mal an!
Bin gespannt, ausser lammentieren nichts gewesen. Genau so stell ich mir Dich vor.
Blubber und Sülz.
Habe gerade von Dir nicht mehr erwartet. Geht auch nicht
Hast eh null Ahnung!
Weiter so
Bin gespannt, ausser lammentieren nichts gewesen. Genau so stell ich mir Dich vor.
Blubber und Sülz.
Habe gerade von Dir nicht mehr erwartet. Geht auch nicht
Hast eh null Ahnung!
Weiter so
Ich habe vom Oberlehrer gelernt, das der im Vorteil ist , der lesen und verstehen kann.
also Meislo , lesen und verstehen oder kannst Du kein Englisch?
lasse es Dir vom Oberlehrer übersetzen. Und verstehen- er hat gerade eine Version
also Meislo , lesen und verstehen oder kannst Du kein Englisch?
lasse es Dir vom Oberlehrer übersetzen. Und verstehen- er hat gerade eine Version
oder Vision oder was auch immer
Antwort auf Beitrag Nr.: 34.563.435 von Bybbi am 22.07.08 19:38:44Habe nicht mehr erwartet!
War aber ein Versuch wert. Verstehe schon das man technisches nicht versteht. Es ist hier ja im gesamten Thread nachvollziehbar für jeden erfahrbar.
Vor allem die sogenannten Aufklärer sind nicht in der Lage die News inhaltsvoll darzulegen.
War aber ein Versuch wert. Verstehe schon das man technisches nicht versteht. Es ist hier ja im gesamten Thread nachvollziehbar für jeden erfahrbar.
Vor allem die sogenannten Aufklärer sind nicht in der Lage die News inhaltsvoll darzulegen.
.
@Bybbi
schaffst du die 2.000 Leser heute ?
Die 60.000 insgesamt aber sicher.
.
@Bybbi
schaffst du die 2.000 Leser heute ?
Die 60.000 insgesamt aber sicher.
.
seltsame "Zielvorgaben" gibt es hier *kopfschüttel*
@ Meislo
Ich habe halt vom Oberlehrer viel gelernt. So wie man in den Wald hinein ruft, so schalt es wieder zurück.
Ich habe halt vom Oberlehrer viel gelernt. So wie man in den Wald hinein ruft, so schalt es wieder zurück.
Antwort auf Beitrag Nr.: 34.563.719 von goldenretriever101 am 22.07.08 20:13:24.
Er schafft(e) das fast ohne smilies, ohne Begrüßungsorgien und ohne Kopien mehrerer Stunden alter news
.
Er schafft(e) das fast ohne smilies, ohne Begrüßungsorgien und ohne Kopien mehrerer Stunden alter news
.
Antwort auf Beitrag Nr.: 34.563.870 von Bybbi am 22.07.08 20:28:55Kannst es und weisst es halt nicht!
das sagt alles!
Deine Genossen könnens noch weniger.
Jeder weiss es!
das sagt alles!
Deine Genossen könnens noch weniger.
Jeder weiss es!
Antwort auf Beitrag Nr.: 34.564.064 von meislo am 22.07.08 20:47:59Ja, ist ja gut.
Und nun geh wieder rüber bevor dein Oberlehrer merkt, dass du dich hier mit den Schmuddelkindern unterhältst. Das mag er nämlich gar nicht.
Und er soll doch nicht böse werden, oder?
Und nun geh wieder rüber bevor dein Oberlehrer merkt, dass du dich hier mit den Schmuddelkindern unterhältst. Das mag er nämlich gar nicht.
Und er soll doch nicht böse werden, oder?
Antwort auf Beitrag Nr.: 34.564.153 von hingucker am 22.07.08 20:58:38
Schon wieder ausweichende Rhetorik
Zur Sache kommt nichts
Bestätigt doch nur mein Denken
Schon wieder ausweichende Rhetorik
Zur Sache kommt nichts
Bestätigt doch nur mein Denken
Antwort auf Beitrag Nr.: 34.563.952 von married am 22.07.08 20:38:01Er schafft(e) das fast ohne smilies, ohne Begrüßungsorgien und ohne Kopien mehrerer Stunden alter news
ich weiß nicht so richtig, ob das jetzt tatsächlich dein Ernst sein soll; welcher der beiden Threads ist denn deiner Meinung nach der informativere..?
ich weiß nicht so richtig, ob das jetzt tatsächlich dein Ernst sein soll; welcher der beiden Threads ist denn deiner Meinung nach der informativere..?
Antwort auf Beitrag Nr.: 34.564.263 von goldenretriever101 am 22.07.08 21:11:28.
ich weiß nicht so richtig, ob das jetzt tatsächlich dein Ernst sein soll; welcher der beiden Threads ist denn deiner Meinung nach der informativere..?
? Was hat deine Frage mit meiner hier nochmals wiedergegebenen Feststellung zu tun:
Er schafft(e) das fast ohne smilies, ohne Begrüßungsorgien und ohne Kopien mehrerer Stunden alter news .
ich weiß nicht so richtig, ob das jetzt tatsächlich dein Ernst sein soll; welcher der beiden Threads ist denn deiner Meinung nach der informativere..?
? Was hat deine Frage mit meiner hier nochmals wiedergegebenen Feststellung zu tun:
Er schafft(e) das fast ohne smilies, ohne Begrüßungsorgien und ohne Kopien mehrerer Stunden alter news .
Antwort auf Beitrag Nr.: 34.564.205 von meislo am 22.07.08 21:04:26
Zur Sache kommt nichts
Zur Sache kommt drüben auch nur von 2 - 3 Personen etwas. Alles andere ist Blumenschmuck. Warum forderst du es ( zur Sache ) dann hier ein ?
.
Zur Sache kommt nichts
Zur Sache kommt drüben auch nur von 2 - 3 Personen etwas. Alles andere ist Blumenschmuck. Warum forderst du es ( zur Sache ) dann hier ein ?
.
Antwort auf Beitrag Nr.: 34.564.299 von married am 22.07.08 21:16:09inwiefern spielt es eine Rolle, ob dieser Thread 2000 mal, 2 mal oder 200.000 mal pro Tag angeklickt wird, wenn qualitativ nix Lesenswertes drinsteht..?
Antwort auf Beitrag Nr.: 34.564.392 von goldenretriever101 am 22.07.08 21:25:05.
ob dieser Thread 2000 mal, 2 mal oder 200.000 mal pro Tag angeklickt wird, wenn qualitativ nix Lesenswertes drinsteht..?
Das sagt ( nur ) Einiges über die Neugierde der Leser hier aus.
.
ob dieser Thread 2000 mal, 2 mal oder 200.000 mal pro Tag angeklickt wird, wenn qualitativ nix Lesenswertes drinsteht..?
Das sagt ( nur ) Einiges über die Neugierde der Leser hier aus.
.
Antwort auf Beitrag Nr.: 34.564.392 von goldenretriever101 am 22.07.08 21:25:05Das wirklich qualitativ Lesenswerte wird von dem üppigen "Blumenschmuck" derart überlagert, dass der Interessierte Leser sich schnell wieder abwendet. Seitenlange Webkopien und der übliche small talk (um es mal vorsichtig auszudrücken) stoßen doch viele Leser ab.
Ganz zu schweigen davon, dass neu Hinzukommende i.d.R. erst ein Audit durchlaufen müssen, bis sie vielleicht in gnädiger Weise geduldet werden.
Ganz zu schweigen davon, dass neu Hinzukommende i.d.R. erst ein Audit durchlaufen müssen, bis sie vielleicht in gnädiger Weise geduldet werden.
Antwort auf Beitrag Nr.: 34.564.326 von married am 22.07.08 21:18:45Warum forderst du es ( zur Sache ) dann hier ein ?
Ganz einfach
Gute Kritiker können im Normalfall Sachverhalte einschätzen bzw. erklären.
Von Euch kommr diesbezüglich garnichts!!
Ich wäre bereit gewesen über die News zu diskutieren.
Ganz einfach
Gute Kritiker können im Normalfall Sachverhalte einschätzen bzw. erklären.
Von Euch kommr diesbezüglich garnichts!!
Ich wäre bereit gewesen über die News zu diskutieren.
Antwort auf Beitrag Nr.: 34.564.515 von hingucker am 22.07.08 21:37:23Komplett inkorrekt!
Neono´s Cardero-Thread gehört seit Jahren zu den meist gelesenen Threads auf w:o, heute z.B. fast 16.000 mal gelesen!
Bevor Du so einen Müll schreibst, solltest Du vielleicht einmal vorher die Fakten checken. Aber mit der Wahrheit hast Du es ja noch nie so genau genommen.
Neono´s Cardero-Thread gehört seit Jahren zu den meist gelesenen Threads auf w:o, heute z.B. fast 16.000 mal gelesen!
Bevor Du so einen Müll schreibst, solltest Du vielleicht einmal vorher die Fakten checken. Aber mit der Wahrheit hast Du es ja noch nie so genau genommen.
Antwort auf Beitrag Nr.: 34.564.538 von meislo am 22.07.08 21:39:33Ich wäre bereit gewesen über die News zu diskutieren.
Nein, wirklich?
Nein, wirklich?
Antwort auf Beitrag Nr.: 34.564.515 von hingucker am 22.07.08 21:37:23wenn man auf "Komprimiertes" aus ist, gibt es ja beispielsweise den Thread von neugerry, wo esco7 immer wieder super Zusammenfassungen postet; wäre doch vielleicht eine adäquate Bybbi-Alternative, oder?
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