Member Info for Chinsontour

Totally agree Richy. There will be further dilution so better for us if at a higher price.

Would be great to know what they think all the drilling etc will cost to get us to that point next Oct.

I think they were hoping the 1st news would crank up the price so they could start to plan all that work versus a fund raise if required. The poor response may have stymied that plan in the short term

The beauty of the PRT business is that the backbook generates enough profit to fund the capital for all future deals so it keeps growing and keeps generating profits.

That's me peaked then Mr C :-)

Time to add a few more I think. I dont have the testicular fortitude you lot have with my holding but will grab a few more. That or import another corvette from japan.

I think my daughter is cured. Shes being massively annoying again

Mr Caribbean sir, I have to disagree. I think the company wants and needs a higher share price as they will inevitably need further fund raising at some point and they wont want to do that at this rubbish price! He was clearly frustrated by the reaction following results.
If this new deposit is connected (just stop and muse that for a moment) then there is likely to be a lot of drilling required to prove it. I have no idea if they are currently funded to do all that but I bet he was hoping the price would react and then he could plan his strategy. He has some head scratching to do.
Its frustrating for all of us, but we will get there 1 day.
Shovel up lads, we may need to dig some holes!!!

Next 20+% was meant, not best

I didnt say I believed it was 1! Honest!!! And much as I'd love to run laps I'm under covid house arrest after my daughter tested positive (shes ok tho).

I'm just trying to work out why the announced the 1st 20% of results but not the best 20+%.
In my mind they need to better educate the masses in what their announcements actual mean ot imply rather than saying x metres at y depth etc. They need to convert that to a commercial opportunity. Who is their house broker? Who is talking to the Market Makers and sales traders to help get the message out there and get the price up?

I had 2 theories why they hadnt released any more news even tho they have most results in (as stated in interview) and had disclosed the 1st 20% but nothing more:
1.. News was bad
2. News is good but following the complete lack of market response to the 1st set they are working out how to get the appropriate market response this time.

If its 2 then they wont want to announce anything in the quiet xmas period and they prob need to line up some sort of investor roadshow to drum up some interest. No point in finding gold if no one notices is there!

Haha loved the Q on market response. The appropriate response was "Sweet FA mate".
If Andromeda went up £20+m on those results they could just buy us at double the current price and still be quids in!

I do wonder why they haven't announced any more results when they have the info already. They announced the 1st 20% of assay results so why not do the next 20% or 40%?

Covid impact was called out in H1 results. There is absolute clarity on the impact at H1:

Our purpose is to provide financial stability to our customers and their dependents in good times and in bad: it is "what we do". The human cost of the pandemic has, regrettably, been high for many Legal & General customers, including holders of life insurance policies and annuitants who have lost their lives prematurely. We continue to pay all valid claims and we have prioritised giving a rapid but sensitive service to bereaved families. The economic impact of COVID-19 related claims for Legal & General has been £(80)m in LGI which includes a provision for future COVID-19 claims, although the tragically disproportionate impact of the pandemic on older people resulted in an offsetting £32m from UK mortality experience in LGR. Furthermore our reinsurance strategy, which reinsures virtually all of LGI's UK retail protection business, has substantially reduced the impact on LGI of higher claims. Further operational impacts included pausing LGC Build-to-Sell Housing operations for 3 months, reducing profits by an estimated £(60)m. Additionally, Group operational costs increased by £(21)m reflecting incremental expenses incurred as a result of COVID-19, including the provision of IT spend on remote working. In all, we estimate COVID-19 related events reduced operating profit by £(129)m.

I have to hope that it is in the NY then. No point announcing good news to the market when no one is paying attention. The only news announced when no one is looking isnt ever good news

Just to reiterate when it comes to new shares post consolidation, the 20:1 is after the split of current ord shares. The 0.09 ord share becomes 1 0.05 ord share and 1 0.04 deferred share. The deferred are worthless so the price will scale up by 9/5 as well as 20:1. So dont get over excited when new price is higher than expected from 20:1. Only the new ord share is consolidated

My optimistic thinking is that because of their size a duff set of drills wouldn't make a difference because its chump change to them. But excellent results.....

I did the same and couldn't see another trading halt request despite lots of JV related news

Surely the news will be Monday. ASX trading will resume 8am Tuesday

Is yellow snow code for gold??

I'll get my coat

From their latest financial reports there are 2 obvious candidates for news - ours and Drummond, which started test drilling in September

Been debating whether to buy this or not. Main concern was the new debt and interest payments. But with annual growth in luxury SUVs at 8% and China driving that then it seems a buy to me

https://washingtonnewsday.com/finance/legal-general-share-price-group-eyes-offer-for-the-pensions-of-the-pru/

The markets are getting very nervous on covid so for me this is the primary driver in the fall in price. Tho deaths are far lower than during the 1st outbreak so I'm hopeful the fears are over done - for now