Member Info for BPat890

Too embarrassing to show your face again having outed yourself as a perpetual liar, deramper and not nearly as intelligent as you think.

Haha yeah sure you did. You call it right every time don’t you pal? Must be why you still struggle to read a balance sheet.

At least now everyone sees the Billy bullsh*ter you are!

21 Aug 2024 22:31

GoldInvestor7 wrote: “I won’t post again till the placing or admin”

Gave up waiting then I see. Losing money in Hochschild this week, who knew their debt situation would be as large as it is.. and they have already ramped up.

Goldinvestor7 and his constant barrage of lies, insults and misinformation coming home to roost here..

Puts himself out there as a wisened high net worth investor and Good Samaritan yet their vitriol towards the company and anyone positive about its future would suggest an ulterior motive.

Can’t help but mention Hochschild interim results out today and net debt has gone up again! Share price taken a hit as a result.

Our resident clown in chief Goldinvestor7 who claims he’s always right, didn’t call that one did he? 😂

If only he spent a bit of time researching the stock he is invested in perhaps he would have seen it coming. Looked fairly obvious when I mentioned their debt situation last month.

Gold price was $1,800/oz not so long ago and is up to $2,500/oz now! It is expected to test $3,000/oz in the year ahead with confidence in fiat currencies set to worsen. The reason being is the state of the global economy, the size of national debt and the need to cut rates of most major currencies to stave off recession. Inflation was a short lived bubble courtesy of shock demand, overstretched supply (shipping crisis + Russian invasion spiking price of fertiliser, oil, gas etc) and the excess borrowed during Covid times! Now watch this deflate into a mess of the elite’s creation. Anything considered precious and in finite supply is going to inflate while rates fall and debt becomes cheap again.

Hummingbird are set to benefit from all of this greatly next year, especially once hedges come off unlocking another $250-300/oz.

GGG this feels like de-ja-vu, here we both are again facing down another hostile takeover at 14-15p

Shanta Gold was snatched away from shareholders on the second increased day offer but given the relative strength of I3e’s asset base, in particular the reduced risk there may be bigger fish hoping to take a bite!

Recommended And Final* Cash And Share Acquisition of i3 Energy Plc ("i3 Energy") by Gran Tierra Energy Inc. ("Gran Tierra") to be effected by means of a scheme of arrangement under Part 26 of the Companies Act 2006

27 August 2024

Update on Regulatory Conditions

On 19 August 2024, the boards of directors of i3 Energy and Gran Tierra announced pursuant to Rule 2.7 of the City Code on Takeovers and Mergers (the "2.7 Announcement") that they had reached agreement on the terms of a recommended and final* cash and share offer by Gran Tierra for i3 Energy pursuant to which Gran Tierra will acquire the entire issued and to be issued share capital of i3 Energy (the "Acquisition"), intended to be effected by means of a Court-sanctioned scheme of arrangement between i3 Energy and i3 Energy Shareholders under Part 26 of the Companies Act (the "Scheme").

Capitalised terms used but not defined in this announcement have the meaning given to them in the 2.7 Announcement, unless the context requires otherwise.

Gran Tierra and i3 Energy are pleased to announce that the advance ruling certificate in respect of the Acquisition under the Competition Act (Canada) has been obtained. As a result, Condition 3(e)(ii) as set out in Part A of Appendix 1 of the 2.7 Announcement has now been satisfied.

The Acquisition will remain subject to certain other Conditions, the approval of the Scheme by the i3 Energy Shareholders, the sanction of the Scheme by the Court, the satisfaction of the NSTA Condition, the Minority Shareholder Protection Condition and the approval of the TSX. The full terms and conditions of the Acquisition will be set out in the Scheme Document which, together with the Forms of Proxy and Forms of Election (and/or where required, Letters of Transmittal) in relation to the Mix and Match Facility, is expected to be published as soon as practicable and in any event within 28 days of the date of the Rule 2.7 Announcement (or such later date as may be agreed by Gran Tierra and i3 Energy with the consent of the Panel). A further announcement will be made as soon as an update is available on satisfaction of the remaining conditions.

Could be as few as 40 trading days before the Q3 2024 operational update, not too much longer to wait for the good times.

Enjoy the weekend!

Looking good! Serabi has yet to move higher since gold went above $2,400/oz and Powell has just added another $30/oz to the price!

$2,520/oz today :)

Nice of you to stalk me on your day off teo 🤣

The most recent and up to date quarterly run rate figures we have to hand:

Yanfolila Q2 - 12,065 ounces

Kouroussa post quarter - 15,600 ounces (based on an average 1,200 ounces per week through July)

Assuming Kouroussa production plateaus at 4,800 per month, contrary to guidance and ignoring the clear indications it’s ramping up towards the 8-10,000 ounce level and assuming Yanfolila repeats the worst performance on record despite assurances that production will be significantly improved this quarter then we are at a base case quarterly run rate of roughly 27,500 ounces now, the highest group production since 2022.

However 27,500 ounces in Q3 would be a disappointing result given second half group production guidance estimates 65,000 - 95,000 ounces. I would envisage Q4 weighting higher as we were still ramping up Kouroussa from 1,200 ounces per week to the target 2,000 ounces per week and changes at Yanfolila are expected through this quarter as it transitions to higher grade mill throughput.

Q3 company guidance split estimate

· Yanfolila: 16,000 - 18,000 oz

· Kouroussa: 16,000 - 22,000

Q3 average sale price estimate: $2,200
 
Previously I shared a couple of scenarios using figures that are more conservative even than the company’s low end guidance, using an absolute base case for Q3 group production of 30,000 ounces, which generates about $13 million after AISC (gold sales at $2,200/oz) and my upper estimate this quarter of 34,000 ounces which generates almost $22m after AISC. 

Kouroussa is the unknown however and could now easily overshoot my

conservative figures and achieve middle of the range company guidance by year end!

The company expect Kouroussa’s to be at a quarterly run rate of 25-30koz by end of September! I’d be happy with 21koz by end of September and so would I think the market. Expecting group cashflow positive and net debt down all other things being equal.

Yes even in this environment it’s good to diversify, CEY, WPM and the like safe but expensive compared to MTL. In this environment though it’s hard to go wrong, even gold explorers like CNR may be worth a punt with how cheap their reserves

Reduced my Anglo Asian AAZ to buy more MTL today! High margin gold production, debt cleared and only blue skies ahead! One of the top three small cap producers at these prices along with SRB and HUM.

At a glance I thought this may have been an article by the Telegraph, however don’t be fooled, it isn’t. It’s a well written, fictional drama that introduces real characters and places them within the scope of Adriatic. Connecting the dots is a series of “our investigations found..” like statements without source and further the evidence provided are screenshots from google images and anonymous Twitter accounts following one another. I could make a Twitter account with one of the prime villains faces as my profile and follow Adriatic in 10 minutes and you’d have a new chapter for your novel

@Bushy like I mentioned nobody was gagged. If the companies, with the court ordered names and details, decided to take legal action it will have been a private matter.

The FCA has a long list of fines imposed on companies and individuals guilty of market abuse and manipulation. You can check them here:

https://www.fca.org.uk/news/news-stories/2013-fines

@BushyTailed - I didn’t miss the point at all. That is not what a court order does and you know it. A court order unmasks the IP address of the individual(s) involved so they can be fined by the FSA. They can continue posting irrespective of what happens but continuing to post highly defamatory posts will incur more fines. The company can take civil action to recoup losses separate to that but again nobody is being silenced. In either event these are financial punishments for spreading lies and false rumours.

@DavidBrent - “So where is your evidence that one person as 4 different identities”

Interesting I mention 4 user IDs and one of the habitual derampers conflates that to mean one person operating 4 accounts.. was that a self inflicted gunshot wound? 🤣

Nostra Terra is another AIM listed company that went to court and won court orders to uncover the identity of individuals they claim are posting damaging rumours anonymously on online investor bulletin boards.

A spokesman for the FSA said bulletin boards were covered by the usual market abuse rules, but admitted there was no effective way of policing them, given the volume of postings and the fact that most are done anonymously. "The problem is that it is so vast, that we are reliant on participants in the market to inform us."

He said the majority of postings were aimed at small companies, with fewer shares in issue, where it was easier to impact the price with rumours.

The FSA has fined individuals in the past for distributing dishonestly obtained information on a message board.

Nighthawk Energy today said it had unmasked online investment chatroom users who targeted it with "persistent defamatory and untrue postings".

The AIM-listed oil company went to court to force the websites advfn.com and iii.co.uk to reveal the identities of anonymous message posters.

Following a ruling in the High Court, Nighthawk said: "Both iii and ADVFN are assisting the company with providing the relevant information including details of the posters."

The case highlights the increasing influence of so-called bulletin boards on the share price of small companies.

Distributing false rumours which are intended to drive down a share price counts as market abuse under Financial Services Authority rules. While that is not a crime, the FSA can impose "unlimited" fines on anyone it finds guilty of market abuse.

Nighthawk said it was taking legal advice on whether to begin civil action against the posters on the grounds of defamation.

It said: "The postings concern the operations of Nighthawk and its management which the board considers to be extremely damaging to the company and its reputation.

"We took steps to identify the posters who try to escape liability for their defamatory postings by hiding behind a cloak of anonymity, using anonymous email, social networking or bulletin board accounts to disseminate those postings. In some cases the names and other details used to register these accounts are fictitious and posters also can try and cover their tracks using numerous pseudonyms but they can be traced through their IP addresses.