Member Info for addicknt

the difference between us is that you have no way of knowing what people have done with their lives, but you seem to think you've got some form of psychic capabilities which allows you to do so, whereas your lies are all there for us to see.

the only thing i don't think you lie about, unlike some on here, is that you are actually a shareholder. although heaven knows why you continue to hold given that you believe it's a crock of ****. that takes a special kind of madness.

So when you said you've never used another nickname and have never been banned, you were lying?

If I were you I'd check your own profile. Just to help you, it tells us you joined on April 4th last year.

Nal, come back when you finally understand what he's trying to do. If you've got any better ideas I'm all ears.

p.s How many years have you been on here? Nine? Or is it one and a half?

Metoooo, if Mather sorts out his liquidity issues I suspect it would have no impact on our sp at all. It would remove any suggestion of there being a stock over-hang, but I'm not sure our current sp reflects that possibility anyway.

If Choice declare an Event of Default and take ownership of the shares we face the possibility of those shares being dumped on the market, which would undoubtedly be unhelpful for our sp. However, if Choice decide to sell the shares in a pre-arranged placing to another major or the Chinese, I think we could expect our price to rise. This is why I say a failure to resolve the problems would be more interesting.

However, it appears Choice are close to Mather, as well as being shareholders in DGR, so it seems unlikely they'll walk away from DGR. But who knows? All will be revealed in the coming 30 days...apparently.

Medi, it's if he doesn't resolve DGR's problems that things become more interesting.

HFM, agreed. NM will fight tooth and nail not to be forced to sell DGR's holding.

BBG, perhaps you'd be so kind as to tell me what my 'ulterior motives' are?

Sorry, should have added that the loan facility had a second tranche of $5m, so in theory the company has an additional $10m available. However, that was meant for Armour, not general working capital.

I'm sure he'll work it out, but DGR is a real bargepole stock.

Fort, the total facility was $10m, but as at y/e 30th June only $5m had been drawn. They have $3m of borrowings from elsewhere. Originally the loan from Choice was hypothecated for the proposed solution being offered by DGR to the creditors of the bankrupt Armour Energy, which was rejected thus leading to the complete write-off of DGR's $20m (ish) investment.

Choice lent them the money despite it being incredibly high risk, which, as you suggest, would surely only have happened if they could see a way to get their money back. A sale of Solg was the answer to Mather's woes, and the failure to do so must have been a bitter pill for him to swallow.

It's difficult to see how DGR could add more leverage to their balance sheet, so at a guess, it looks as if they'll need to raise equity to keep the lights on.

Nal, you didn't answer a question I posed last week.

You said you'd been on here for 9 years and had never used an alternative nickname and had never been banned. In fact your profile tells us you joined in April of last year, so I'm afraid you were obviously lying...again. Of course, this isn't a surprise because lying is your default position.

And yes, I am optimistic - I wouldn't continue holding if I wasn't. What half-wit continues holding a share in which he has no confidence? Oh, hang on...

Nal, amongst your many psychological problems, do you also suffer from a form of Taurettes, which makes you involuntarily scream out my nickname?

Do you find yourself in the pub and asking the barman; " A pint of ADDICK!! lager, please?" Has your wife mentioned this to you?

Ask your shrink about it; I'm sure he could help.

What an interesting exchange of letters.

ASX were concerned that DGR had breached the compliance regulations in as much as they had failed to notify the market of the broken covenants in a timely manner. The company's response was that if they sold some or all of their shares in SOLG it would have no impact on their own share price. Really?

If Choice took control of half the SOLG shares and decided to sell in the open market, is it at all possible that the remaining 50% - which are DGR's main asset - would not lose value? I doubt it. Obviously they would hope not to have sell in the market and that they could place the shares with one buyer, which may avoid a collapse of our sp. But how do they know this would be feasible? Is it possible someone's already expressed an interest in their holding?

Either way, it looks as if NM will cobble something together to remove this concern, and in so doing will remove any uncertainty for us.

RK, the loan was supposedly meant to be used for the proposed DOCA relating to Armour, so I guess it wasn't really finance related to mining. But as I said previously, this was very high risk which ultimately didn't come off.

DBW, sorry, I was referring to BBG's amusing suggestion. As we've discussed before, if they have to cede control of their holding in us, it could have a very significant impact.

As for their loan, the latest accounts reveal that only 5m has been drawn, but they have an additional 3m outstanding.

DBW, I agree, there are many possible outcomes, but I cannot see DGR being involved in any of them - unless they have to hand over their shares in us.

Choice took a real punt on DGR when they provided the facility to fund the proposed DOCA of Armour. We know this failed. We also know Choice haven't declared an Event of Default...yet.

I think Mather will cobble together some form of solution, but they are in a parlous condition and the thought of him acquiring us is far too much of a stretch for me. As for Rinehart becoming involved, the simple question is; why would she? Apart from us, DGR has very little to offer and if she wants to invest in SOLG, she could do so directly without the hassle of dealing with a company teetering on the brink.

(one plus point. As far as I can see, DGR have only drawn down 5m of the Choice facility, but that's still 5m more than DGR has)

DBW, you're forgetting the minor issue of DGR's ongoing viability. Other than that, this thread is a huge flight of fantasy.

And what exactly do you think change would achieve, other than renewed chaos?

Pad, he claims not to have used other names and that he's been here for 'approx nine years'. Unfortunately for him his profile reveals the fact he joined on 4th April 2023, which, as far as I'm aware, was not nine years ago. The poor old booby can't stop lying.

" Liz Truss put the world economy back four years". Really? She stuffed our economy but had no effect elsewhere.

I'm afraid I can't be bothered to answer the rest of your asinine comments, other than to marvel at your stunning ignorance and stupidity.

Do you actually understand the meaning of the word hysteria? I only ask because I've never seen you use it correctly.

As for the rest of your drivel, I'd no idea you were such an expert on UK politics and the unsettling effect Reeves 3 month budget delay has had.

As for your demand for evidence, I think you'll find the UK media has been on this since the election, and has given multiple examples of delayed investment decisions, the flight of the very wealthy and pensions. Pensioners are very nervous about the probability that the tax benefits we currently enjoy are about to be considerably diluted and have been making decisions based upon those concerns - me included. I've been talking to my provider - the UK's largest pension advisor - who have told me of the exodus they've experienced of people taking advantage of their current 25% tax free exemption. In fact they've been so busy they've warned me that my withdrawal will take considerably longer than usual as a result of the demand.

For a man who proudly boasts of his ignorance and the fact he's never visited Europe, and never wishes to, I'd suggest you're in no position to opine on political and economic issues in other countries.

Anyway, thanks for yet another of your brilliant and insightful observations - I've no idea how we'd survive without them.