Member Info for addicknt

BSR, please give us an update on the number of analysts who follow the company. Is it none, as you stated, or is it six? Here's the clue; it isn't none.

When you stop lying and posting utter BS, perhaps people will be more inclined to converse with you.

Over the years. we've seen a steady flow of people like you. They turn up out of the blue, post a few reasonable comments and then launch into a tirade of abuse and lies. They hang around for while and then disappear off into the ether. What possesses an individual to behave like this is one of life's mysteries.

This bloke is absolutely hilarious! Apparently, two completely legitimate director purchases totalling 21k is market manipulation! You really couldn't make this up.

Btw, BSR, how's your claim that no analysts follow this company going?

If his web site is anything to go by, I'd suggest IR is not his strength.

Eloro, that's a question I've asked myself many times. I still have absolutely no idea why we appointed him rather than a grown up IR firm.

I rather suspect Sean may not know who Sangha has been in touch with.

Eloro, I think the more worrying thing is that we have a bloke running our PR who comes up with comments like; "Awesome. On it"

'Tell when why aren't analysts covering this stock???' (sic)

I guess you mean apart from the following: B of A Securities, Clarksons, Argonaut, Hannam and Cantor Fitzgerald.

Yet another of your lies exposed.

You're really not very good at this, are you. Top tip: if you're going to pretend that you know something about this company, I suggest you do a bit of reading. It may prevent you from making such a complete fool of yourself.

BSR, instead you make up lies about the spread.

'84 answered your question.

Perhaps you can tell us how you know they will try to dump the shares on the market? See how easy it is to turn your arguments against you.

A bit of detailed reading and listening to the interviews will help you to understand things, although I don't suppose you'll bother. Bear in mind, you're trying to out-argue people who've been in this share for years and have a detailed understanding of the company and the market.

Tell me something, do you know anything about the market or this company? Because so far you've not demonstrated any indication that you do. Your only role on here appears to be a childish attempt to spread fear and uncertainty, which I'm sorry to tell you won't work.

Eloro, I don't think it does.

Aquinaga, indeed. His Atlantic shares won't cover the loan repayment, let alone provide anything for ongoing working capital. Obviously, we don't know what his relationship is like with the lenders and it's possible he'll negotiate a loan extension, but at 20% interest, which he can't pay, it's not a long term solution.

His other assets are of low value and, if he sticks to his word and doesn't issue any new shares, where will he get the cash? More loans? Could the balance sheet stand it?

If you recall, not long ago SC reported that he'd been approached by a number of parties wanting shares (we have no way of verifying this, so we have to take his word for it), but he had no intention of issuing new shares, which is what they'd want, and the market is too illiquid for them to buy in the market without sending the price sky high. The DGR block would be an ideal way to satisfy that appetite and I'm sure Sangha has kept those interested parties warm.

What I don't know is whether it'd be better to sell to one party or a number of parties. Anyway, this is pure speculation because although Mather's back is against the wall, I'm certain he'll examine every option before he sells his solg shares...unless someone's prepared to pay him a lot of money for them.

If DGR are forced to sell shares they will not be drip fed onto the market, they will go to either an institution or mining company. Should that company be the Chinese, or Barrick, or any of the others, the price will rise. So I'm afraid to say your hypothesis is every bit as mistaken as your ridiculous observation about the spread.

Keep trying, because so far you're failing miserably.

SM, yes, according to their announcement.

The question of who buys them - if he has to sell them - is an interesting one. Would it be better for us if he sold them to the Chinese or a mining company which is not currently on the Register? Or would it be better if they went to an institution such as Norges? A sale to BHP/Newmont would be stupid, in my opinion.

One final point, if anyone is wondering why DGR's position is of any relevance to us, the fact is whatever happens there with regard to their holding in Solg is obviously of real significance. Therefore, it's always worth keeping an eye on the situation.

I think they only own 1.6%, so it wouldn't be that big a deal, but as you say it still doesn't provide them with a long term financial solution. In fact, Solg is the only thing which does and I assume he thought he would have trousered his profits by now - didn't we all?

I imagine Mather's fingernails have been chewed to the quick.

DGR's current holdings have the following value:

Atlantic Lithium - $4.6m

New Peak Metals - $130k

Clara Resources - $410k.

Lake Blue - private company, no value ascribed.

Auburn Resources - private company, no value ascribed.

I assume Mather will move heaven and earth not to sell any of our shares, which leaves Atlantic as being the only holding of any value, although I'm not sure how liquid their market is. The question is; will he be forced to sell some of his holding in Solg and if so, who will be the buyer? DGR has sufficient cash to stumble into the next quarter, which starts on 1st October and has $5m to find a month later. He has options, but I don't imagine any of them are much to his liking.

Aquinaga, I think the current sp is up 12.5%, but I may be wrong.

What is worth reading are the notes attached to their cash flow report. Given their monthly cash burn they do not have sufficient cash to take them much beyond the current quarter (although they've taken steps to reduce cash burn). However, they refer to the ability to raise cash via the potential sale of the equity positions currently held. They specifically state they can survive without another equity raise.

Set against this is the need to repay A$5m at the end of November. Their shareholding in solg is currently worth circa 40m. What is certain is that something has to give.

'84, apparently I'm you. Sorry about that and I hope you're not too insulted.

Just out of interest, did anyone else open '84's link relating to the trades? If so, are you able to confirm a) you're not '84 and b) it shows exactly what I said it did.