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Member Info for V1d-


Member Since: Fri, 17th Jun 2011

Number of Share Chat Posts (all time): 851
Number of Share Chat Posts (last 30 days): 0

Last Posted: 24 Mar '15



24 Mar '15


My guess would be a matched bargain put across the market. It looks far too big a transaction for anyone to have bought all of those shares in a short enough period of time to get them on a T20 or T25. That would have forced the SP UP substantially a month or so ago. Hopefully it is the remaining rump of shares from the sizeable seller who has been weighing on the SP recently.

20 Feb '15


Sounds like Katikati with views over Tauranga Harbour Mount Maunganui. If you carry on towards Auckland on the main road west you will come across Waihi, where there is a large open pit goldmine, run by Newmont:-

http://www.waihigold.co.nz/
20 Feb '15


Slippery - the two trades you refer to are as below on 5th February and I would say that they are a rollover.

9 65.25 25000 O C 63.0 66.0 16:14:31 25,000

8 66.0 25000 O C 63.0 66.0 16:14:18 25,000

Despite what R33 thinks, I would doubt that there is any significant downside or downward pressure from here. We do have an SP drift, but that is likely to be bored PIs or as per Jibbo's list. There is one seller (or sellers) appearing about 15 minutes before close. Yesterday afternoon they sold 16k and accepted 2p below bid, which didn't affect the SP at all.

If anyone has any decently researched reasons why they feel that the SP is going to fall significantly, please will they share them with us.
19 Feb '15


O/T - SP in the doldrums for the time being and I haven't yet done any number crunching on the Timmins merger. So....Seingred:

I'm in Papamoa, which is a suburb of Tauranga, North Island, Western Bay of Plenty.

http://en.wikipedia.org/wiki/Papamoa

There's plenty of boutique bottle conditioned ales here now - something for every taste I would guess. The brewer in Greymouth is Monteith's. Greymouth is on the western side of the South Island. It always seems to be grey there, and they get about 100 inches of rain a year. And billions of sand flies, like Scottish midges, which seem to be able to suck a human dry in about a minute! The scenery gets spectacularly better as you travel south from there, though.

Back to gold....

If you don't believe that the whole gold market is rigged - or even if you do - a worthwhile read is "The Gold Cartel" "Government Intervention in Gold, the Mega-Bubble in Paper and What This Means for Your Future" by Dimitri Speck. A lot of convincing analysis.
19 Feb '15


Rats - hit the wrong key....

2. The traders "out" will therefore be the increased SP following any bid.

3. The long termers would get a better return by hanging on to their shares in the acquirer - assuming that the CNR assets were an enhancement (which they would be, I am sure).

4. The shares in the acquirer will be some way off their highs awaiting a turn in market sentiment, PoG and so on. For example B2G (I still doubt that CJ will be throwing his hat in the ring) - their SP is now at at less than 50% of recent highs - so, for a long term goldie, an all share takeover could be better value than it initially appears.

5. The "new" Timmins company has a whole shed load of work to do over the next year or so on the acquired project even to get to PFS level. Condor's projects are far in advance in terms of detailed studies and project de-risking.

6. IMHO the present CNR SP is of no relevance to the long term holders. Any non-acceptable "friendly" bid or a cheeky low ball hostile offer would be made public, and the fact of an offer - any offer - would move the SP up in very short order.

7. As a long term share HOLDER, I would not wish MC to engage in any material spend on public relations to bolster the short term SP. The BoD does not, as far as I am concerned, have any duty to help those who do NOT wish to be share holders. Their duty is to enhance shareholder VALUE - that is not SP first and always (Warren Buffet - price is what you pay, value is what you get.) )Beware of seeking short term expediency over long term gain)

Writer's block has set in - need more alcohol.............

Catch you later. V1d ([:-)


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