Member Info for Guvvi

They do make the market but obviously they don't move spreads every 60 seconds or even have time to. It can take an hour before they actually get round to do anything!

I've been struggling to get quotes all day on dummy amounts just to test the market. MMs really don't want to offer us anything in volume.

I've just bought a lot too. I can't see this not being an attractive price over the next 18 months.

Both of you should keep posting, i agree and disagree with both of you to a degree. We need to exchange numbers to think better about this !

Yep, no issue with that maths at all. I think this is very undervalued right now.

I'm referring to the stated present value, the NPV. My own valuation divides that by 3 then turns it into sterling for a rough idea of what it's worth to me.

@January - regarding your question about the q1 numbers unless they show some level of production weakness that hasnt previously been evidenced by Humm ( which is difficult as they've shown us some utter crap before ) i think the sentiment here is very very weak.

I can't see how this current share price reflects all future cash flows one bit.

So you might find yourself reading a Q1 report that isn't that bad and points to increasing production going forward and a good handle on costs or something. The market might react very favourably to this and the updated Dugbe numbers in april.

Don't forget as well that a DFS is significant as many partner or potential buyers simply don't get interested until a DFS is done, call is procedural or whatever but they don't and won't.

As far as DFS numbers go i still don't like the discount rate applied it's far too generous.
Anyone ever seen a project sold at DFS stage for what it said the project was worth? Never. I'm going with about a third of the current projected value.

I'm not criticising anyone here this is just how i feel about this and i've got a huge number of shares which i hope are worth a great deal more in about 12 months !

I like what G_G_G is saying too it makes a great deal of sense. And it's conservative.

It's along the lines of my thinking too.

I can see someone buying pasofino once this is all rolled up there.

I confess I've bought more today at 13.3p.

Don't forget we spent all of last year hearing how H2 was where the production would come and they stuck and stuck to their guidance for about 10 months until throwing the towel in and blaming everyone else.

That said you do have to look at q4 production compared even to the other 3 quarters and ask yourself why this should be the new norm.

Frustrating but here we are!

Not sure what Bushy has done wrong at all here? Nor where this crazy criticism of a public and open message board is coming from. We all know to take anything here with a pinch of salt and do so accordingly, but there is often a good exchange of info here.

Don't like to take sides but i'm team Bushy here and also underwater based on my own decision making - Bushy didn't make me i swear. :)

Where bush?

Glad we found the bottom at 14.5p...

Oh wait we didn't.

Agreed but at least someone is buying !

That's a very quick reply for a person who doesn't think a lifetime is enough time to make a profit here.

I've been here a while but anyone thinking they can joke about the bottom is kidding themselves. No idea where it is, very dangerous to think it's right where we are now.

Things could get worse for sure.

That said the values of Kouroussa and Dugbe make this look silly in the longer term so it's really up to anyone to work out how much they can stomach until 2023 !

When was the last time you saw an RNS like that and not a single buy or sell yet this morning? bizarre.

No issue with ST assessing the share price and comparing it to 72p...

But he should hold his hands up after telling everyone to buy at 90p/100p. Also the directors knew of no reason for the share drop 1 week before telling everyone they would be recommending an all share takeover that had value around the same place they knew of no reason it should be at?

That much stinks and ST should acknowledge as much.