Member Info for addicknt

Sorry, I was thinking of CS options. The actual figure is 750k, which is still insignificant.

RT, I know you're only using an example, but I feel you're very mistaken if you think DV is here to only make 250k on his options.

Both he and PS see success here as a career defining opportunity and I'm sure they have no intention of chucking it away for peanuts.

Q, final word from me on this. I agree the share is not being manipulated, but you are wrong to say it's not being shorted - no matter what size the short is. That Hong Kong outfit have taken up a short position in the belief the sp will fall. They did exactly the same with GGP and it did not work out well for them. As it stands, they are not in the money and hopefully never will be.

Q, really sorry, but that's total bs. Perhaps have a look ate the definition of shorting.

Q, all shorts are a bet.

'Yes technically it's a short position, but we are not being shorted'. Hmm.

Q, I suggest you scroll up a bit and you'll see that you're wrong.

Q, technically we are being shorted, even if it represents only .6% of the equity.

Fort, have you voiced your concerns to the chairman?

As for him being a 'flake', I can assure you he most certainly isn't. I rather suspect you don't get appointed head of group strategy at Glencore by being wet.

Partytime, which licences are the government delaying?

As for your other point, Jiangxi and Franco seem to be the only two relevant parties at the moment, and they appear to be happy to support the management. As far as BHP and Newmont are concerned, they appear to be taking an entirely passive role with a sit-back-and-watch approach.

Has given a very interesting interview to Palisades Gold which can be found on YouTube.

It's not stock specific, but has various useful segments on the nature of investing in junior miners. I found the part on resource and estimates at 50 minutes extremely interesting as well as how he looks at political risk.

He made the observation that although PEAs PFS's are useful they are completely discarded by major miners when looking at potential acquisition targets. (over the years this has been a source of debate on here)He also likes a conservative PFS which factors in modest commodity prices and resource estimates, even though they will inevitably underestimate the value of the company. Ring any bells?

It's worth a listen and you don't get any of the bluster associated with some market commentators.

NMM, I guess I must have dreamt it, either that or I invented the whole thing. Which is strange because several posters on Telegram have reported more or less the exact same conversation. Uncanny, isn't it.

I think it will be very helpful for investors when we've all had a chance to listen to the team in the planned video presentation.

People will be able to make their own minds up about the new management and plans for the way forward. In my opinion we won't be disappointed. At least I hope not!

RT, as you know, I was comforted and encouraged by what I heard on Thursday and believe we now have a strong team in place with a clear idea of what needs to be achieved and how they intend to get there. My feeling is they're very focused on the task ahead and returning shareholder value is their paramount concern.

However, you're right to say it's all about delivery and this is very well understood. It's now down to the management to demonstrate they can do it. But I do feel you need to give them the necessary time to re-focus and re-energize the company.

My faith in the previous regime was not rewarded, but it seems to me we are now looking at a very different set-up. Let's hope it works for all of us.

MF, I'm finding these posts from that deranged and decaying old fossil quite funny.

He may like to know I'm far from being the only pi who's had a conversation with our chairman. There are several people on Telegram who've done so and at least one who posts regularly on here. But let's not disturb the idiot's rantings; it gives him something to do in his declining years.

Actually, just to enrage him further, I did attend the same university as Smith, although I'm 10 years older than him. We were both in the boxing club and had a chat about that. Cue mental breakdown in Perth. Emergency services are on the way.

Not really, other than to say it will provide an earlier route to cash flow and should make the overall project more attractive to investors.

Jonny, no, it doesn't mean that. Shares will issued to existing holders in ExCo when it lists.

Fort, one point. Franco wanted SC to remain on the board. So I guess you agree that it's important to keep them onside? But I agree with you about his options.

NMM, you are absolutely right about the various plans, and this was one of the central themes of the conversation.

The Board spent far too much time discussing plans, but they were never enacted properly. The company was very poor at decision- making, resulting in paralysis. He gave numerous examples. (before his interview he read all of the Board minutes and was appalled by what he saw)

He and DV have actively addressed this issue and he has no intention of making the same mistake, which is why they've changed the way the Board works and will address its composition in due course.

Incidentally, they want to change the company name, but said they've got more important things to do at the moment.

Eloro, I didn't have to - he raised the matter.

Needless to say, he considers that we are grossly undervalued, but understands why. He referenced comparable values to NAV, which, as we all know, show just how cheap we are when compared to similar companies. For a short term target i.e y/e he believes we should be close to the new Red Cloud number. Other than in general terms he didn't talk about the longer term, but it's clear he understands the value of what we own and is determined to realise that value for shareholders. My gut feel was something over 70p.

With reference to Red Cloud, if I heard him correctly, RBC and Cannacord will be releasing new broker notes fairly soon.

Eloro, thanks.