Member Info for elroytrader

yep - £1m buy on the week of TD. Delayed from the 7th, so took a while to fill (and MM would have wanted to fill it below 204), but could be another reason for the delay? We'll find out tomorrow!

http://www.investegate.co.uk/Article.aspx?id=201010120700042158U. The £430k buy yesterday wasn't well timed!

great posting guys. can't add much myself - only been interested in shares/finance for 6 months. will keep an eye out for your posts here and elsewhere. GL!

just wanted to say good luck. you seem like a good bunch here and it's nice to see some honesty and true wisdom. I spent most of last night arguing with a bunch of cut-throat ramping ****rs on the lgo bb so you guys are a breath of fresh air. ATB

Everything you will ever need to know about gold, and mining in general - http://books.google.co.uk/books?id=Wm6QMRaX9C4C&pg=PA373&lpg=PA373&dq=drilling+angle+to+estimate+gold+reserve&source=bl&ots=sIKSBsf6ar&sig=OXmYKfbt2yu3xzU1iZa4Wx2HTlQ&hl=en&ei=PeesTMCbE4yTjAeRttTuBw&sa=X&oi=book_result&ct=result&resnum=3&ved=0CBwQ6AEwAg#v=onepage&q=drilling%20angle%20to%20estimate%20gold%20reserve&f=false

from Aug prelims, Vietnam- 'Before TPJ pays the deposit {150k} we need to be satisfied that the political and investment conditions of operating in Vietnam represent an acceptable risk. Soundings are being taken through the Company's networks and through discussions on the ground, and the Directors hope to provide shareholders with some initial views on this aspect in due course.'

probably need £1m immediately to pay of the last directors and for working capital. 100m at 1p. Then 25m to pay off the loans from Newmont et al. Then there is the dilution required to fund TPJ's share of exploration costs - actually this isn't as bad as I first thought. Only the Barrick JV will need equity funding next year (and not too much either) - '2011 budget under review but may be A$0.5M, TPJ plans to contribute its share to avoid further dilution'. The Newmont JV is a free carry till 2014. If it strikes big TPJ's sp should be enough to provide a fair share to fund to production and keep 25-30% of all the ££s. Crater Mountain - 'minimum non-dilutable share of 10% up to feasibility stage.' Newcrest JV, a free carry until decision to mine. The crazy thing is TPJ have spent $6m on exploring Morobe alone, yet their market cap is half of this.

no-one knows where this will be in 6-12 months. There will be dilution and I'd expect at least another 100m shares to be issued soon. Any one of the JVs could hit massive resources - they all might, or they may all fail...If we have another Porgera on our hands we could have 10% of a 500Mt pa mine. I'm holding, but WTFDIK?

is in dire financial difficulty, but anyone invested here should know that already. They have been given permission by majority shareholders in the AGM to raise up to £10m from placements, and they will most likely to be involved in future placements. There is a <1% chance that no-one will want to be involved in the placement, in which case the company will go under. I suggest you all ignore the braindead muppet. I'm all for discussing negative aspects, but schizo boy is best filtered.

what a feckin knuckledragger! First it's the bid rumours for 'Newcourt' (sic) and the MASSIVE buys. lol. Now the badly researched attempts at deramping. I can see what exactly what happened - stock picker picked the wrong stock at the wrong time; bought at 5p, tried to ramp when it fell, sold for ~50% loss, cried, and is now trying to de-ramp so it falls below his sell point so he feels a bit better about himself.

and she didn't shift. MMs must be swimming in shares. Still, £212k shows a bit of confidence.

and not surprised, really. I can see huge potential, but news on the projects is far away, revenue years away, plus we have an aggressive seller with a potential 12% still to dump, placements, and a company brought to its knees and is only just turning the corner. But look on the bright side - we have plenty of gold!

from Manus. OK, it's not exactly deep, but very high grades. They haven't started drilling yet at Manu, but the trenching is giving some excellent results - 'trenching at Kisi prospect includes best intercept of 40 g/t Au over 16m'. No wonder Newcrest is interested.

has been updated, and a very good presentation it is too. Pretty much exactly what I wanted to research when I found the time, so glad I spent my weekend getting drunk and let them do the donkey work. The Newmont and recent Newcrest JV look the most exciting. How about this, 'trenching at Kisi prospect includes best intercept of 40 g/t Au over 16m - potential geological resource at Arie of 164Mt @ 0.32% Cu, 0.1 g/t Au'.

Newmount, Newcourt, Newcrest, Newmont - make up your mind stockpicker. A bid at 12p would be nice, but it is as likely as ,me breaking even in the next few days. ;))

for anyone who believes stocks like this can be charted (not too sure myself), we have completed a 61.8% fib retracement from the high of 8.2 to today's sp. If it goes past here it usually goes the full 100%, but I think it should hold. Depends if Thornaby keep dumping their shares, the dirty bar stewards. Anyone seen the presnetattion that was promised to be on the website immediately after the AGM? Doesn't seem to be there, yet.

someone had a few too many last night. lol. The sad thing is it looks like he typed the whole lot. Reminds me of that scene in 'The Shining'. Creepy.

I could go through every report and statement about TPJ and try to value them with my untrained eye. But the fact is the market has valued the company at £6.5 m for now. Revenue is 2-3 years away and placements will be needed to keep this afloat and to fund the share of operational costs if decent sized interests in the JVs are to be maintained. We know we have good grades all over PNG and partners with clout. So it's a matter of time. The next big step up will come when we get estimates of the resource size within any one of the licences.I'm not even going to research any more - locked in now when I should have been in, out, and on to the next one. News will come when it's good and ready. Market cap of 100m in 3 years? Possibly, but with 5x the amount of share in issue. Maybe, if, depending on, etc...

plenty to stuck into on the website - there's a 102 page document with lots of detail on the PNG projects. It's just a bit hard to put it all in chronological order and clarify exactly how much money has been spent on the licences and exploration, and at what stage we are at with each area. There's one document (from 2005) saying they propose to raise 10m to fund 14 projects in PNG. It now looks like we now have 6 projects in PNG - still not bad!! PNG and the ring of fire is hot property - look what happened next door with SOLG. Info on gold in PNG - http://www.mbendi.com/indy/ming/gold/au/pg/p0005.htm. ps the info seems a bit out of date - the monster Porgera mine is 95% owned by Barrick (one of the big boys we a have JV with in Wamum). And talking of Porgera, the JV at Crater Mountain looks tasty - 'The Crater Mountain complex is a partly dissected strata-volcano and has geological similarities to the Porgera gold deposit (over 6 million ounces).'

last post should read 'tpj has a cr@p website', not 'tpj is cr@p'. lol. Sorry!