Member Info for Daisan

Does anyone understand this Helium deal with HNR? A few things to consider: 1. The Opera shares to be issued for the purchase are valued at £0.15 which will enable OPRA to laud the fact that this is done at a 100% premium to the current share price. 2. However, shares to the value of £4m are being issued for an asset that has only just been purchased by HNR for US$91,050.73. Literally only a week ago. 3. A significant placing is coming as well 4. HNR will own a huge chunk of OPRA. How long are they going to stick around for? Personally, if I had managed to notionally flog something for £4m that I had just bought for $91k, I think I might like to see the money. The whole thing seems so ludicrous that I feel as though I am reading it incorrectly! Something doesn't look right at all about this deal!

Good stuff. Only it needs to be maintained. Intraday breaks are weak signs. End of day and preferably end of week are considerably stronger. I don't think 13.5 is much resistance though. 14.5 - 15p is stronger and should be tested soon. Interesting that this is still rising given the fact that gold has stalled and miners in the US are beginning to come under pressure. Gold still looks like it is carving out a H&S top although still early days on that. Goes to show that the story here is about the strengthening balance sheet in the short term with the re-rate showing more confidence in survival.

ProTr.Amr.H, I suspect judging by a brief view of your posting history that you are not exactly a glass half full sort of person. Debt is an issue only if it can't be managed. At the moment AAZ are generating a decent amount of cash with the gold price at current levels. It is, of course, heavily dependent on the gold price. That goes up, AAZ's share price will go up. It goes down then so will AAZ's share price. But if it goes to 1p, I will also be buying everything I can get my hands on.

Certainly plausible reasoning in the short term. If it goes above $1305 then it invalidates the potential head and shoulders and should push higher. For a classic H&S pattern, gold is pushing the limits currently in the mid-1280s. I agree with him about the EUR/USD rate. The Euro makes over 50% of the DXY composite rate so is the most important component. In the event of Brexit (which I still consider unlikely though getting more possible based on recent polling), I think the Euro will be almost as badly impacted as the pound as a number of other countries will be pressed for their own say on remaining in. This is likely to cause the USD to soar which, at least in the short term, will act as a negative on PMs. As always, it is difficult to call which pull will win out - uncertainty or USD strength! At the moment, it looks like uncertainty is winning but I suspect that the USD holds the key for now.

Keep your hair on Timeless. I saw the RNSs because I have an Investegate feed. They weren't the only company issuing those kind of RNSs and someone suggested that there had been an AIM rule change which forced them to do it. It is actually a requirement I believe anyway so it doesn't mean much either positively or negatively.

I think 'wait and see and the trend should be revealed soon enough' is probably what I was aiming for.

I suspect that those RNSs aren't quite what people are waiting for!

Pushing upwards again. However, keep an eye on the price. If it pushes above $1305/oz then it should jump higher. If it turns back from there (or, in particular, if it only gets to the $1280s), it may be in the process of forming a head and shoulders top with the neckline at $1200/oz. If it goes through the neckline then it should drop to at least $1100/oz but quite possibly a lot lower.

Kulabkhan, Show me an explorer where that has not been the case over the last few years. It's been the worst period for commodities that pretty much anyone can remember. Some have gone to the wall, a number have lost 99% + of their value and the norm has been 80-90% loss. Some great projects have been ground down to pennies on the pound but what is left should be reasonably hardy given what they have gone through.

I like STI and specifically the diversity of its assets and it should be higher rated based on that diversity as well as the producing mine. STI's market cap deserves to be on a par with AAU, OMI and AAZ. But the production profile cannot really be compared with AAZ which is producing over 70k oz gold as well as copper and silver and this is reflected in the enterprise value which is (deservedly) higher for AAZ (owing to its significant debt levels). In a rising gold price environment I would expect them all to perform well but for AAZ to probably perform the best. If gold falls the opposite is true of course.

Norseman Gold regularly did. In fact if I recall they got a result that was several hundred. It is a feature of narrow vein mining and the important thing is not the intercept but the intercept x width. Anything greater than 50gms is excellent. In fact the Norseman belt was well known for bonanza grades over small widths.

The grades associated with samples are just indicative of mineralisation rather than whether the resource will be commercial. The drill results show considerably better grades over decent widths. Anything with width x grade over 50gms is excellent. STI very undervalued considering the assets here. Not sure where its investment in Goldstone is going though. That has all the appearances of a running sore.

That would be ramping! However, it would be the equivalent of insulting the crew on the Marie Celeste by the looks of things.

Difficult to compare the two as they are chalk and cheese. Dalradian is a great deposit in a stable area (although one where permissions are tortuous even though there is little doubt as to the huge benefits to the community) and will ultimately attract a major as it is the size of resource that they go for. With one caveat. It is narrow vein and majors prefer bulk deposits. Narrow veins are trickier to mine. You also pay a very high price indeed for Dalradian's deposit, especially considering that hardly any of it is in the measured category currently which is the category that is usually assigned a value. Would it be churlish to point out that the market cap. of Dalradian is almost four times Shanta's? And I suspect by the time they are producing Dalradian's debt will be a LOT greater than Shanta's current debt. One last thing on the comparison. Shanta is a gold producing company. It has already gone through the considerable pain of studies, mine development and operational start up. And those pains, as anyone who has invested in miners will know, are considerable indeed. Dalradian has not even completed a feasibility study yet.

Lennie, Well done! It looks like you have stimulated a couple of other transactions as well. Who knows? Perhaps we will get the 'no smoke without fire' brigade (KGLD is a good example) who are convinced that somebody knows something. Then the momentum brigade and finally the majority of AIM who simply buy at the top. We should be at 20p+ per share by then! :-)

So the bull case here is that current assets are nearly 5 times the current market cap. Yes, 5 times. And if we are in the start of a commodity bull market, POLY is not going to go down - it has more than doubled since last August and has the potential to do at least as well as that in the coming years. Dividends from POLY pretty much cover overheads so there is little obvious cash drain other than when they purchase assets. The bear case is the fact that they have done very little that is apparent for the last few years other than sit on the cash and shares. OK, a bit unfair as they have done a few things but nothing earth shattering. So, you either think that this will just continue to stagnate for the lack of an appropriate project or news will be released of a project and the value will begin to be realised. Ignoring everything else, for me the bottom line is that you can currently gain exposure to POLY shares for less that £3 per share by buying OVG.

Ignoring everything else and looking at current or available for sale assets, last reported status (June 2015) was: Cash and cash equivalents: 7.4m euros = £5.8m at current exchange rates Available for sale assets: 1.405m PolyMetal shares = £12.645m at current price Asset Managed Fund (unknown US listed securities) = 1.136m euros = £0.9m at current exchange rates Total current assets: £19.345m Current market cap.: £4m Other assets: Stakhanovsky - small scale gold deposit with 231k oz Measured and Indicated and 96k oz Inferred

I'd like to see a bit more volume here though.

OK. Gold powering ahead now but being outperformed by silver and miners.

To translate. He's deramping! ;-)