Member Info for Happytom

Going on previous behaviour, I'd guess mid forties in about five weeks, then a drop down to thirty, then a climb back to around fifty before the sharks come back from their summer holidays. Depends on Schlum though, we need to hear some news sometime about how their work is progressing. Agree with others at the moment that we're rock bottom because world war three is about to break out over Ukraine, but that should also pass at some stage!

Unlikely - Elliot are no longer the largest creditor, so if it were to go down, there would be the other 80M to take care of, so Elliot would see very little return, and so far as I can tell, they're not in the business of actually mining anywhere. Best bet for them is to cut us some slack / re-negotiate the repayment terms, which I assume has already occurred, otherwise we would have closed in January. We have a lot of asset in the ground, and it can be recovered at a profit. Not going to hit £3 anytime soon, but so far as I can tell, we're not about to go bust either.

I was replying to Webbs, but apologies to you both, I shouldn't criticise you good folk like that. Back to my good humoured self tomorrow.Good to see it regain to over 1300 though.

Rising nicely again now - you never comment on that though! The banks will play games with Gold for as long as they can - its just easy money for them - but China buying physical will cause an upward trend - there'll still be plenty of ups and downs, but generally up over the next two-three years at least - unless Gordon Brown becomes a chief advisor to one of the repositories, then it'll drop back to four quid again so that he can sell it to his mates before another meteoric rise!

I'm up for £2 by the end of the year - not sure that it'll happen, but once funding is shown to be sorted there is no reason not to take off again - China forecasts are very strong and could drive gold back to 1550-1600 by end of next year, which will see us making a very tidy profit.

Aaaarghhh!

Don't forget the pole as well - need something to entertain the bigwigs when they drop by :)

Someone took the door off and used it try and fix a truck. Don't ever switch the lights on, we can't pay the electric! We're getting there, slowly slowly catchy monkey. Just a bad day on all markets today.

I remember it too well - sadly I was taken in by the sales spiel. It has become clear to me over time that the purpose of the IPO was really just ego, the loans / payments between various parties are all pretty well irrelevant - most can be tracked through to the same ownership, so they're just juggling pennies about. Having said that though, the egos involved don't want to lose, so there is a very real chance that the company will properly develop the resource - the Schlumberger contract is genuine, and I believe the appraisals so far released are genuine, so over time we'll recover at least some. My personal feeling is that the real level is around 40-44p unless we turn up some way of selling the gas, which may happen. GL - could do with some recovery here, I hate sitting on such a large loss, and curse myself for not looking more closely at the fundamentals early on!

ahh, but which Christmas. I'm still serious here actually, I know that there are many doubters out there, and rightly so after the poor performance over the last few months, but I think that the current management do have the ability to turn this around, financiers have backed them time and again, and will continue to do so - they just need to stop being depressive and get behind the company again - reserves are huge for such a small cap, and who knows what else there is on the line between Tri-K and Souma - they're near enough to be part of the same seam, but I'm not an expert on the geology in the region - I'll put that next on my todo list!

Ha ha, didn't realise how long it was just reading it in a continuous electronic format - must have wasted half my morning plowing through repetition and flim-flam! I like the proposal of reducing the reporting requirement / format, it'll save me ages once a quarter!

perhaps a little unfair to leave that hanging. The report is very bland, but also has some very hard positives in it - it contains a concise description of what assets we have. It does not try and assign any precise value to them, but clearly states that Tri-K is at least the two thirds the size of the remaining ore ounces at Inata, but that in addition to the gold, there is significant other accessible mineral content there. Extraction costs will be considerably lower, and there is the possibility that the entire asset could be stripped using CIL which further reduces costs and makes us comparable to the exploration projects in Ecuador. Very positive IMHO Happy

I can :)

Looks like someone knows something - lot more buys than sells the last couple of days. Maybe we have the finance sorted out. Good day on Saturday - got three places in the big race, so maybe my luck's turning - got a load of GKP too, and it seems to be moving in the right direction! Happy

We can always hope! As for the change in the put price, I would guess that this has been extracted from us as payment for not calling it in for another year - Sber need some kind of incentive for that kind of grace. Good news though - it keeps the cash in the company for another year, so we can use it for developments and see if we can't squeeze another barrel or two a day out!

e/w on Chance Du Roi, but if Night In Milan makes it to the list, there's a good chance there.

No idea. I needed some cash, so out of here for a week or two, rather selfishly hoping for no change in the mean time! I think that the broker rating is just an anomaly. This is looking strong, and to repeat myself, we'll be getting divi's later in the year, so no reason at all for me to stay out if I can help it! The lack of trades is typical of this share, I don't know why people avoid it as the company seems to be well run with positive funds - this time last year we had a very large unexplained drop, and have recovered - maybe people think the same will happen this year! Happy

Thought you were bringing the ferrets, pigeons indeed - do you think we're all pheasants?

And you forgot to mention payment of a maiden divi at the end of this year. That to me is a real sign that the BOD have confidence in what they are doing, as it shows that they believe the on going operations are more than self funding, and at least stable. Very Happy!

I think I'll start subscribing to their advice, nice and consistent regarding AVM, good to see they really do their research and know what they're talking about, rather than just picking numbers out of the ether and flipping a coin to decide on a buy or sell recommendation!