Member Info for avocet123

Yes but in fairness Stokey, the other options involve cb's or a Gina style deal. In my opinion neither is favourable to a straight forward get it out of the way share issue.

Banks need to review due dilli already carried out due to increase of capex. Takes longer hence finance pushed back into q1 2019

Yeah I mean the buck needs to stop somewhere. Gina has already taken the heart and the liver. Id rather an open offer to existing shareholder than to give up the kidneys as well.

Sorry doesn't work on my windows phone. What dies your chart show?

Milo, well presented. This is what I have been trying to convey. Whilst additional capex is disappointing, it has taken nothing from the investment case. Most would have suggested 100p at first production, and we will still meet or exeed this . I will take a 400% return over two years. With or without dilution.
That is as long as we really have heard the worst of it by now.

Disagree casual. Dilution MAY come. Not necessarily. And even if it dies, I dont think it will be anywhere near as significant as st1

Andy, I dont really give a feck about what you think about my credentials. I have been taught to ask critical question in school. That's not being negative, its a way to get to the facts. For your information I have held in here for years and never sold a share.
Talk your own game, but the extra 500mm is small beer in the overall cost of the mine, let alone future profits. It's quiet upsetting to me that you try to publically discredit me on the board based on your poor personal assumptions. I could easily do the same to you, but that would be a waste of time.

Agree. Cannot believe how much we have fallen on what was essentially a positive rns. This has been totally hijacked by traders, but their game won't last for long. All because of such a small amount of additional capex.

Where?

It's 15 to 20%. Wouldn't call that "huge"

The more I think about the rns the more content I am. We finally have clarity and the fact is that the project fundamentals are just as compelling as they were last week.we dont have the best case scenario any more but that was always idealistic. What we have now is a clear path to get the mine built, and guess what, it will still make billions each year for a long time.

What are you smoking? "huge" cost over run. Lol . How is it huge. Trying to scare pi's into selling by shamelessly exaggerating.

Lol @ Matlock ggp 1.8p prediction

16p I dont think so. The bad news is out and out of the way now. I still think 16% down is an over reaction. 600mm is nothing in the scheme of things and considering future earnings. I am inclined to look at further recovery tomorrow.

Not sure. The drop indicates to me that a 600mm share dilution is expected. And if you recall it's 400 to 600mm. 600mm probably being worst case.

Very true, the bad news, if you consider it so, is out now. We've had the drop, inevitable or not, in my opinion there is good cause to believe that we will surpass previous highs from here on. Those who know me on this board also know I am seldomly this optimistic. I am happy with the transparency we received today, albeit a bit delayed.

Question, would we not run out of money before the end of the year? How will the time period between now and st2 completion be financed?

I dont see the big deal in the additional capex. It's not a lot in the scheme of things. But why no mention of ipa in the rns?

They? Who is they?the only people influencing the sp is buyers and sellers. There is no "they"

Sorry stokey, but how would shorts closing drop the sp?