Member Info for elroytrader

farts with a bit of follow through.

I see you researched loads ;-))

you sure? Why boe?

in short, we could do 80 - 100% without the SQZ results.

thought we were targetting gas here.125mmboe. HH price = $4.27, so ~$20 per boe = $2.5bn in revenue. Don't have a clue of profit marguns, operating costs etc...,

Angklung Prospect, Bontang PSC (100%), Indonesia 125 MMboe prospect, 24% CoS, currently drilling. Marindan Prospect: Stacked Plays at a Single Location Kutai PSC, Offshore East Kalimantan, Salamander 23.4%, Five Separate Prospects ● L Pliocene channel sands Pmean 112 Bcf ● Carbonates (interpreted as pay at Pegah-1) Pmean 300 Bcf ● Marindan canyon Pmean 200 Bcf ● Clastic interval over Pegah high Pmean 86 Bcf ● Carbonate structure Pmean 55 Bcf

good start

we know very little about Morobe. But what we do know is encouraging - it is within the Wafi trend, which contains Wafi/Golpu. 'The Wafi/Golpu project currently has a resource of 16m ounces of gold and 4.8 million tonnes of copper and is now targeting a total resource of 30 million ounces of gold.” It is 6km away FFS! We know there are grades off up to 139g/t, but what we don't know is to what depth....This is why the broker not of 10p is useless. Newmont engaged on phase 2 back in Septemeber - they may have already sank a few holes and found intercepts of 100m or more. Only Newmont will know this. Of course a few holes won't give them a resource estimate, but it will give them a clue. They could be trying to get 30% of a 30m oz mine for peanuts - 1st offer £9m?! Even £50m is a steal if it's as big as it's neighbours. And they'll be getting 3 other JVs and the Vietnam assestes too! Don't even get me started on the potential of Manus Island. DYOR etc..the biggest risk here was TPJ's financila difficulties, but with the recent placement and a few warrants being exercised, that is no longer a problem. GL

porfit? Still a bit fat! lol

my fat finger's been on a diet. Fit and ready to sell at a porfit! lol. Nearly there!

Ocarina? Will be gone by now, whoever they are (transaction on 11th Nov) http://www.investegate.co.uk/Article.aspx?id=201011181701014575W

Asterion buying more http://www.investegate.co.uk/Article.aspx?id=201011181250034328W Are they buying to fend off a fresh Newmont bid, or will they join the dark side? Whatever the reason, it's good for the sp! My view is they are on TPJ's side, as their loan note was paid in equity, plus they were given cheap warrants, something that TPJ denied Newmont.

plenty of funny business and red tape, but for once it's working in our favour! GL!

looks like a race for the prize.

buys at 5p, bid up to 4.7.

17m, These are the old warrants that were changed from 7p to 2.5p in line with the placement price. Newmont's claim to 30m more warrants has been disputed by TPJ, so hopefully these are the last of them. Newmont now owns 18.6% and will have to buy at market price. http://www.investegate.co.uk/Article.aspx?id=201011180700083876W

So Newmont release an RNS stating it 'exercised its right to convert all of the £150,000 principal amount of loan notes', which would equal another 15m shares. TPJ then released a statement that it plans to redeem the loan notes, then around 2 hrs later released another RNS responding to Newmont, basically saying the cheque has already been sent so you'll get your £150k in cash, not equity. Have I got this right? At the same time TPJ agree to issue equity to pay off the loan notes to Asterion, a total of ~5.1m shares, but Asterion are also buying more, increasing from 22.4m to 24.9m and crossing the 9% threshold. This is not including their extra 5.1m converted loan note (and 5m warrants), which would take them over 12%. The question is, will Newmont and Asterion compete or conspire?

http://www.investegate.co.uk/Article.aspx?id=201011170700173092W

http://www.investegate.co.uk/Article.aspx?id=201011170730033227W

MMs took on 5.7m shares today and hardly shifted the bid. Strange that all other speculative gold plays took a hammering today and we didn't. And on placement day as well....Newmont buying in the background? Who knows...