Member Info for DGR1980

Taverham - The amount of Hav each of us owns has gone up by 10% since last week. Since last week we've actually been re-luted, up-luted or whatever the opposite of diluted is.

I should clarify i'm talking about value (or specifically the amount of Hav), not price.

Price is irrelevant to me

Taken on its own yesterdays placing was a disappointment as we're diluted by 7.93%.

However taken from last week before newcrests announcement we're still better off.

Consider this (simplified numbers)

If last Thursdays our personal chunk of GGP was worth 100 units

On friday it was worth 120 units (worth 20% more as we kept the extra 5% taking our share up from 25% to 30%)

This Thursday it was worth 110.4 units (we're diluted by the placing (8% for simplicity)

Even with the placing our individual share of GGP is worth 10% more than it was a week ago, without any of us having to do anything

With an Asian metals fund who want to buy a large stake

Its also not a summary if you throw out 20 posts on the subject, and use other posts to berate people who respond with their interpretation that they dont understand

pisjunky - "To clarify...I will stay on the BB as I most certainly would like to get back involved "should the risk become tolerable for my appetite"."

Or to translate. "I'm planning on buying back in if it drops below 200 so i can make another 20p per share"

Zaphod - there is a vast difference between dilution to keep the bod in fancy biscuits and dilution to aquire stuff

Tuff - that's because we're going to get people screaming 'waaa waaa waaa dilution' rather than realising you have to pay to get things

Pipsjunky - You really didn't need to lay your cards on the table. Your words today have shown you very clearly talking your own book

Showing true colours today rosso. Benefit of the doubt lost. Green Coffin for you

rosso - no one is going to respond to your questions about what would be accepted. Feel free to let your handler know you failed

HH - Thats the mentality i have too. This has to be potential to go really big from here, and whenever i have some free cash to invest UFO always gets strong consideration as long as it won't take my holding to too big a proportion of my portfolio

I'll be totally honest. I'm not even interested in the sp while its below the 400p spike we had.

And even then i'll be holding tightly. Its so rare to be able to load up hard on a business whose sp has tanked through no fault of their own, especially while they continue operating as they did.

I'm almost blue with my holding.

I've got a target where i'm going to take out 1/3 of my holding, and the rest will be held for divis long term in my pension.

We'll pass £3 with ease over time anyway. Its all about where your investment horizon is, or if you're just trading for a quick profit

They didn't have a choice to revist the offer.

The offer was made before the option price was revealed. Why would Shaun accept that when for them to ask to revisit it makes it obvious they're not intending to take up the option. In that case Shaun would be giving up $85m for something he was due to get for nothing

notrader - Or to paraphrase SB from the interview "We've met our match with SD. however there are multiple other small explorers who we can screw over with jvs heavily weighted in our favour for that amount of money"

Antigue - I imagine they were hoping to be able to get the 5% for sub $20m which would have been within their acceptable boundaries to proceed. SB must be fuming right now

Wouldn't it be nice if they started with : "We're going to buy the 5% from Greatland, and heres an updated MRE with what we actually think its worth"?

Given its only been less than a day that its been bumping its head on 230 you're very impatient