Member Info for addicknt

FTJNY, for some inexplicable reason, my last post to you appears to have been removed, so thank you for your kind words.

I've never professed to know much about mining, the corporate stuff is more my bailiwick, and the fact is there are some good people on here who seem to have a really good understanding of the technical elements and have been here for a long time.

I'm very excited about this company and am hoping it equals my best ever investment, which was ggp.

Good to see Novice here as well. No doubt we'll be getting plenty "£1.00 tomorrow" messages soon!

Junior miners should always take the cash.

Whoever the investor is, he's now approx £1.3m better off.

Well, the market seems pretty relaxed about the placing...so far!

So, there you have it. An international investor who clearly was given access to inside info, versus some bloke on the internet who spends his time rubbishing every company he's not invested in.

Let me think, who do I trust more?

Or perhaps Henry Maxey. His position in Tun is very interesting.

£4.7m from a 'prominent international investor', who 'approached the company'. Funds to be used to accelerate Redmoor.

At 3.5p. It will be interesting to see how the market reacts.

Maxey appears to be investing in a personal capacity rather than via his institutional position as chairman of Ruffer.

Don't rely on this site for the timely release of announcements. Check the Stock Exchange site at 7am.

There's a really good article on the Gilbertanalytics substack written by Alain Gilbert, which identifies 10 red flags that all investors in junior gold miners should pay heed to. Well worth a read.

Still on schedule for MRE by the end of the month. A mouthwatering prospect!

More ultra-high grades at Redmoor.

It's finally over. Heaven knows how many years ago it was that I bought some shares in Solomon Gold, but it seems like a lifetime.

The really disappointing aspect of recent events has been the Boards unwillingness to provide a full background for their acceptance of the offer. The optimism of the company's statements during the second half of last year disappeared in a flash. Why? What changed, and why did it happen so quickly?

The document referred to risk, which was amplified by NM who described it as 'horrific risk'. Any sensible investor understood the risks involved - they've been there since the beginning - but why the sudden escalation?

In my view, the Board should have presented this offer to shareholders without a recommendation. They should have given details of what happened to the various developments which were promised by year end, and also specified exactly what the risks were relating to the standalone strategy which suddenly became untenable. This would have allowed shareholders to make an informed decision based upon full disclosure. If none of the anticipated developments had actually emerged, then so be it, but we should have been told.

Ultimately, I suppose we should be grateful that the deal was done at 28p and not the value the shares were when DV took over, but I'm not sure gratitude is in plentiful supply.

Anyway, good luck in the future and I wish you well with your future investments.

Incidentally, freight rates have long been seen as a leading indicator of economic and political eents, so it's interesting to note VLCC rates surged to a recent record high in February of $200,000 per day.

The impact will be longer lasting. Many of the vessels are on long term charter and will be on tight schedules, and since VLCC capacity can't be magicked-up, those schedules will be severely disrupted. The same is true for the LNG carriers currently caught up.

9% of the world's VLCC capacity is caught on the wrong side of the Straits of Hormuz. (source: Tradewinds)

So says the man who told us there would be no takeover in 2025 and if one eventually arrived, which he considered to be most unlikely, it wouldn't come until 2027. And of course, we mustn't forget his endless 5p placing tosh. And then there's the issue of his self-confessed lying, which started when he first appeared here as 1981Investor. As much as he loved his role as Nostradamus, sadly he wasn't very good at it.

Stones, glass houses, etc.

Let's hope none of us have to encounter this poisonous little dwarf again. He did a great deal to deter good people from posting on here and, along with his Australian bestie, also managed to destroy what had once been a good and informative board. Time for you to sidle-off and boil in your own bile.

In order to release the IRs a competing offer would have to be 5% higher.

FTJNY, I did the same and also invested in OMI. So far, both have been profitable. Good luck.

R.I.P Solg. I'd like to say it's been fun, but it hasn't, and the idea of SC/DV et al, glugging a celebratory bottle of champagne sticks in the throat somewhat.

Total nonsense. The evidence is right in front of you and you appear unable to see it, and more than that you contradict yourself. One minute you say the Register can't be diverse because of its historical funding requirements, which I agree with, and then you argue it is diverse. Which is it?

I'm sorry, but you've tied yourself in knots on this and the way this bid has progressed proves why you are wrong.

This is a done deal and the lack of shareholder diversity has delivered the company on a platter to JCC.