Member Info for elroytrader

http://www.investegate.co.uk/Article.aspx?id=201104150700089688E Not great considering oil prices. PE ratio of 116 and net debt of $70m.

pretty damn scandalous that we have never seen the drilling results. The trenching has yielded some amazing grades of over 300g/oz. I wonder what's under the surface? Do you know if Barrick are still progressing their JV?

could be Newcrest JV news due.

day high of 8.2p, as predicted yesterday. TPJ own 100% iof Vietnam, so will try to prove it up and enter a JV to production on good terms. Plenty other projects to keep the sp buoyant. Hoping for a good year.

now on fifth attempt at breaking 7.5p. About 90% chance it does, then on to 8.2 and 9p. Had a quick look the trades last week and there are insti sized block prints all the way up to 7.5p now. Looking good IMO.

prelims schedled for 20th April. Good company and well placed to take advantage in increased demand. Read an article in the Telegraph that there will be a worldwide shortage in large tyres due a surge in mining and agricultural use. I reckon revenues could be near 500m next year which is not bad for a company with a mcap of 60m. Need to pay down debt, though.

Manus Island has better grades, around 320g/t over 10m if I remember correctly. Only from trenching, though.

http://www.investegate.co.uk/Article.aspx?id=201103290700127808D Now we know the reason for the late surge. Intercept looks pretty damn good - good length, decent grade, and best of all, nice and shallow so easy to get at.

light volumes but no-one's selling.

your spelling has improved, but I will always spot your 'nexed' ID. You are a legend, m8; the most retarded poster ever on LSE.

interesting times ahead. If only one of those JVs is a success TPJ will do very well. I'm holding to find out.....GL

so 2.3% needed before another offer has to be made. Could have even been bought today......we'll find out tomorrow. Any offer will need to be at least 6.4p, I personally think Newmont just want a controlling stake to fend off predators. I'd rather any T/O is delyed until we see the full potential of some of these licences. Unless they want to offer me 30p! lol.

From the takeover code 'a shareholder must make an offer when its shareholding, including that of parties acting in concert (a "concert party"), reaches 30% of the target; information relating to the bid must not be released except by announcements regulated by the Code; the bidder must make an announcement if rumour or speculation have affected a company's share price; the level of the offer must not be less than any price paid by the bidder in the three months before the announcement of a firm intention to make an offer; if shares are bought during the offer period at a price higher than the offer price, the offer must be increased to that price; The Rules Governing the Substantial Acquisition of Shares, which used to accompany the Code and which regulated the announcement of certain levels of shareholdings, have now been abolished, though similar provisions still exist in the Companies Act 1985. --------------------------------------------------------------------------------

now own 25.95%, with another 5m (1.7%) possible through warrants. There was also the dispute about the 15m shares / covertible loans, which TPJ opted to pay in cash. Then another 17m in warrnats which were exercisable up to end of December 2010. Looks like these weren't exercised, so some more buying to go....

sorry, forgot this - http://www.investegate.co.uk/Article.aspx?id=201102171244084213B Bid would have to be at least 6.375p a share. Get buying!

now in the driving seat. Need to run some calculations, but looks like they now have to make another offer.

trade for £100 went through on PLUS. LOL. Morning Philski.

they need some poor beggar to buy the shares they are selling. ERU is illiquid and moves on tiny volumes. Can't sell on the spike unless there is a buyer waiting. But actually I'm just jealous of zara making so much cash. She is a proper trader. I, alas, haven't made any cash spreadbetting gold, and didn't make 5 figures off RBS yestreday. I wish I could be a pump and dump like her.

intraday high of 11.15, current bid 6.25. Illiquid piece of crap. The terrible twosome strike again. And they really are terrible. lol.

always good to have a sideshow for the main event. You short, Nighthawk? Tempted myself but IG not got them.