Member Info for elroytrader

looks like those sells took a while to fill and the shackles should now be off. 300 target, stop at 180 = 5:1 risk / reward.

that's similar to the one I downloaded, but actually much better! I think they put the first one out in a rush.

I read a post saying that the presentation is no longer on the website. I have it on file, so if anyone wants a copy I'm happy to email it to them. ATB.

if Newmont's drilling hints at a world class mine, I'd expect them to exercise warrants etc... to take them up to 26.6%. I'll be watching any holdings declarations closely.

Newmont are obviously massive, but no-one chucks £9m away. We still have 30% of Morobe and if it is a viable project, it could be 30% of 100k-500k ozs pa. Of course we don't know, yet, but drilling may have already begun. We do know the drilling targets are 'within the Wafi Trend where the 16Moz Wafi-Gulpo gold deposits have been discovered' and trenching has given us '139 g/t Au over 2m' and 'Up to 28m @ 3.9 g/t Au (inc.12.6 g/t Au over 8m)'. It could be Newmont are only interested in Morobe, but don't discount the others. I think it's fair to say we have a pretty good chance of at least one of the JVs coming off, and if this happens a £9.5m market cap will be history. Now that the funding is sorted, risk/reward here isn't too bad at all - 3.5p floor and bags of potential.

9.5m market cap / 268m enlarged share capital = 3.5p a share, which is pretty much what Newmont offered. At least we know we shouldn't go below this. It could happen, but unlikely IMHO.

Newmont tried to get it on the cheap - 3.5p is hugely undervauing TPJ. They'll have to buy up shares for a hostile T/O ,so don't sell any cheap! Anyone here used to be in DNX? How much does therir share have to be for a hostile?

Assuming the exercise in full by Newmont of all its subscription rights and warrants in the Company (and assuming no other subscription rights are exercised), Newmont would be interested in 84,000,000 ordinary shares, representing 26.6 per cent. of the diluted share capital (excluding any accrued interest under the terms of the convertible loan note

Newmont knows the potential of the Morobe and other projects. They could be huge. They may now start to buy up shares for a hostile T/O.

http://www.investegate.co.uk/Article.aspx?id=201011101341119580V

I'm putting this one aside for a few years so won't be giving a daily commentary. Might post some usless comments when news comes out, but will generally try to keep my mouth shut. GL!

Re: £300k of O trades. Wonder where the mms are getting their shares from? If they are short it doesn't bode well for us....

= dangerous. Alright if you already in and want to sell on a spike, otherwise best ignored. If I remeber he did mention TPJ and BTC in the same blog about a month ago, but this was day after the 170% rise and he said nothing more than something along the lines of 'speculative but potentially rewarding' ie stating the bleeding obvious.

not saying they are all rollovers. defo some massive buys and looking good IMO. I'm long from 170 with a GSO in the 150s (can't remember where exactly), so everythng crossed next week. mxp - missed the big rise and too risky for me. Hope they come good for you.

but certainly some big trades! I can understand some folk de-risking, but whoever is buying such large chunks is either a crazy son of a beeatch or is privvy to a bit of useful info. ;))

All spreadbets (and maybe CFDs too - don't use them myself) have an expiry date. You can choose to rollover the bet into another period. A SB provider would want to transfer the risk of such a large bet onto the person taking out the bet, so would place a corresponding trade on the underlying market. I think. lol. I haven't quite worked out why the rollover is reported, where the stock came from in the first place (I gather it is quite often on loan from IIs) i.e was there ever a single 500k trade, buy or sell? So not exactly superior knowledge m8. Hope someone can correct me and answer my questions.

I just realized most of those large trades came in pairs, so they could just be rollovers. The 2x 500k has happened twice now and hasn't really affected the sp.

excellent news. TPJ has the Barrick and Newmont JVs within about 200 miles, and these guys won't be sniffing around for less than 5Moz.

they been drilling or just surface samples? If the vein is 2.5m wide and we get some good lengths then this could double. Will see tomorrow. ps you get any tpj? Check the Manus island grades (up to 303g/t). Newcrest JV and comparisons to lihir. DYOR etc...

what's the story here? news due?