Member Info for Glib

It had to be an in-between one... but I would go with a buy. The previous trade looks like a buy at 1.89 I don't think a sell would have got this price.

Only as a rough guide. If I want to check if something was a buy/sell, I generally look at the Google finance chart which is usually clearer.

Maybe they're just trying to find the right colour of ribbon for the opening ceremony. Or perhaps there has been another purchase of land close to a certain producing oil field...

I do not think it can be argued that the warrants should not be awarded because the agreement with GEO fell through. That could potentially have happened even after the warrants vested if the SP had gone over 2p. They may no longer have an agreement but I am hopeful that they will be awarded something in the 2nd round of bidding which may happen before the SP reaches 2p. That is of course IF they are allowed to bid - I read a post querying if the rules allowed them to as they failed to finance a successful bid from round 1. I have still to look into that - I was surprised this was not raised in the recent podcast, although SO did say they intended to go it alone in the next round. That makes it sound as though nothing is prohibiting them but confirmation would have been good. The Chinese question I believe is more straightforward than other speculators seem to think. Dr Hon is a consultant of MXO I believe, so why are people so surprised when the investors he recommends or finds come from his neck of the woods? I think it more likely they are investing in Dr Hon's opinion rather than a takeover attempt.

I would have a look at the google finance chart before stating no buys for 3 days. Going by the mid-price assumptions we are forced to go by doesn't really tell us anything.

That quite a few companies I am invested in are due to announce news around July. We may get the costing figures before then but I'm hoping we don't need to wait longer. Still no clearer on what is happening at Goldstone. Listening to the MTR podcast it was clear that they believed there was potential, but other than saying the BOD needed to wake up and ensure shareholders were rewarded, there wasn't much else. We are still no clearer on what the next step is or how GRL will pay for it. With exploration costs still relatively low, does anyone know what the next site will be the main focus?

Since production update at Altintepe. Any estimates on when cost data will be collated and crunched? I thought we should hear within around a month so that the production figures settle and long term scenario's are analysed. Or was that wishful thinking?

Possibly because nobody knows how much money they are making - if any. Until we get the results though of costs as well as the gold extracted the market is not going to assign value to it. When the next gold extraction data comes out we should know the cost and have a feel for what the maintainable extraction figures are. That should get the SP revalued.

Well, I did the sums before the RNS from Stratex or Goldstone came out so I thought that was going to be right. Not sure how Stratex aren't diluted with more shares in issue and haven't seem to have bought more (at least that we've heard of). That would mean my number of shares in issue calc may also be incorrect. Who knows?

So that's 28.06% owned by Stratex {previously 33.45%} 13.26% owned by Metal Tiger (9.645%+previous holding) {paying cash £112,500) 9.645% owned by RRR {21.3M RRR shares} With 12M shares being added to the total in circulation. = 62,286,363 + 12,013,173 = 74,229,536?

Once the market is able to work out how much Stratex are making, more positions will be taken. It is always the unknown that people fear.

Probably news that Stratex is finally producing and soon to notify on the costs is getting some to speculate about where they will spend some of their money next.

I'm a little unclear how people are banding about figures of expected monthly returns right now. We know the pre-production costs and that until these are repaid, STI will get 20% of of free cash flow, but how do we work out the free cash flow? I think some people are looking purely at the cost of producing the gold, the selling price and the remainder is what we split - I'd have to disagree with that. Don't get me wrong - it's great news that we are now getting the production figures, but we need more information before we go shouting about how much that is worth to us. I have about 35% of my portfolio investment here so I definitely want to see it succeed. During 2016, up to 16th March, 12,280 oz gold was sold, generating Project revenues of US$14.16 million So around $1,153 per oz Total operating costs (less closure and working capital costs) currently US$560/oz, with contract-mining cost fixed at US$450/oz until 30th June 2016. So profit on this is around $593 per oz Working Capital, Closure costs and expansion plans will need to be factored in before we can estimate the amount of free cash flow that we can extract. Also has there been an actual figure published about the pre-production cost? $45M comes to mind, but can't remember why (I know $39M is for the construction but what else is to be added?). If we are currently getting 20% and that is the $190k then only about $1M is free cash. I realise this will be subject to change but until we have the other figures I would not look for more than $1M per annum based on what we know so far. I'd love to guess it will be multiples of this but will be subject to the data they are getting in 2 or 3 weeks - and probably another 2 or 3 weeks before PI's get notified. I realise this is a worst case scenario, but if anyone can add to the missing parts of the puzzle rather than just flaming, it would be appreciated.

The only news is another loan being taken out. Have there been any sales? This share really confuses me - usually AIM shares do a placinv and look for money from the market while increasing the number of shares in issue to millions if not billions. This stock does almost the opposite - makes me wonder why they brought it to the market to begin with. Did they do it too soon or is there something so major about this share that they want to hold on to almost 95% of it?

Doubt it. That was months ago. Not sure even when Stratex get money coming in if that will be enough to get the rumour mill interested. Maybe a few people using the last of their ISA allowance for the year?

Supposedly there was a creditors meeting at the end of the month where they were deciding what to do. The administrators had said that a decision on whether they were going to appeal was still to be taken. We have no news on what either side has decided. The administrators job is supposedly to salvage what they can and if possible get a company back to being a going concern. If there is no appeal, I believe there is no company. They may not even be able to keep the $10M they have been awarded as there is still a case outstanding with the Uzbeks - for around $10M. Still waiting on news or closure.

Rumours of a rate rise and gold sinks... again. More of the same from the fed.

My understanding is that both parties agreed at the start of the UNCITRAL arbitration process that the report would be confidential and not released. No idea why that was agreed, but that's par for the course here. It seems there are a few UNCITRAL results not released to the public.

In this document it states that a decision on the appeals is still to be made and we will be advised soon. Not sure if they mentioned a date though.

So that document states that the option of an appeal is still there, but the decision needs to be made soon. The $10M will, as most expected, will go to the litigation funders Gretton. So some news, but waiting to see if there is an appeal.