Member Info for addicknt

MR, why are you wasting your life on this board? Do you get some sort of perverse pleasure from your sarcasm? Everyone knows your game and no one is remotely interested in anything you have to say, so what's the point?

I guess Botts is the replacement for Jason - without having a position of the main board. His cv looks highly suited to the task.

how much non-hypothecated cash we have left? i.e cash which is not ring-fenced for Alpala. I'm guessing it can't be that much.
Any views?

This is something with which I've always agreed with Quady; a low volume leads to a decline in the sp, as we're seeing today.

BHP clears the deck in order to allow them to concentrate on the real prize!

Q, you wouldn't understand a "diverse book" if it hit you on the head.

Pad, an interesting retrospective. NM confidently predicting production in 2025. Hmm.
And within three months of that interview he was toast.

Bozi, I accept your point, but I take it you also understand mine?

Bozi, as you know, it's not about what has and hasn't happened in the past, it's about what's likely to happen in the future.
The fact that Q has stated that something hasn't happened is entirely missing the point. But I think you know that.

You and your diverse book, Quady. It's such utter tosh...as you will eventually discover.

MR, I very much doubt there's a single person on this bb who isn't in total awe of your investing skills. We can only sit back and marvel at your genius.
I think I can speak for everyone when I thank you from the bottom of my heart for sharing your wisdom.

LM, my fear is that the market is simply not willing to attribute proper value to anything we say or do and it'll only do so once some proper cash is put on the table in the form of an offer. In the meantime, every time we release something which, on the face of it, is good news , the market shrugs its collective shoulders and ignores it.

LM, I'd refer you to Bozi's excellent post yesterday. He hit the nail on the head.
Yes, I do think we should sell Cascabel as I'm not sure how we'll create more value in anything like a reasonable time frame.
I'd always brought into the original strategy of this company I.e prove-up and flog the asset before moving on to the next one. This was a truly exciting and enticing prospect and played well to our strengths. All this production stuff is, as far as I'm concerned, pie-in-the- sky.
In any event, we are in dire need of some good news at the moment.

Honestly Q, you say you've been doing this for 40 years and yet you appear to have learnt the square root of f all.
Oh well, you carry on believing whatever you want, I feel you'll be in for a very nasty surprise if a funding package were ever to be implemented.

LM, you're referring to buying in the market. I'm talking about a fund raise with new equity which, if it were to happen today, would be in the 24/25p range...if we were lucky. The dilution would be significant. There are no funding options which would help private investors, hence the need to flog the asset. Bear in mind NM would be in the same boat as us and can you really see him being willing to have all his influence disappear, because I can't.

Q, virtually none of what you said is true, particularly the bit about the sp rising once new shares have been issued.

LM why would BHP, or anyone else for that matter, pay 41p for a fund raise wen our current sp is 27p? What they did in the past is irrelevant.

Q, you appear to have accepted the argument that at least 300m will have to be raised via equity funding. However, you seem reluctant to accept that this will cause significant dilution. How do you reach that conclusion?

Bozi, excellent post and absolutely spot on.

Jezzoo, yep.