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Thanks. That makes a lot of sense why the SP has been weak and not reacted to the rise in Gold. An article on that : A Tsunami of Selling in Gold Miners Is About to End By Tom Winnifrith | Friday 16 June 2017 - See more at: http://www.*************.com/views/29750/a-tsunami-of-selling-in-gold-miners-is-about-to-end#sthash.tETVyPOA.dpuf

Was hoping for a 'No' vote, a SP fall and then load back in. :-( Still got a lot of cash that needs a home. GLA all and I guess my last post here :-(

The SP fall here looks exactly like what happened at MARL(which I had a large holding in), before it was bought out by Sandstorm. At MARL...Fall for no apparent reason, then a lot of volume(as was seen today here), then a 20% bounce before the Bid was announced. Sandstorm ended up buying MARL out on the cheap, which saved themselves many millions because of the SP drop right before, again for no apparent reason. Any acquirer of HGM could also do the same. The cost of shorting HGM by a few million shares and losing out on that trade when a bid is then announced, is pretty insignificant compaired to the savings of buying a company out on the cheap. As we now the new entity that wants to take control of POG(EGM on 22nd June), also has indicated in the Russian press that it intends to then tie up with HGM. Didn't think i'd be able to buy again sub 1.50, but put another £50k in the last 2 days. May put another same amount in on Monday after seeing the huge scramble for shares on market close. Huge volume traded today.

Saturday, 10th June, 2017 'Start with an advantage Investing often requires a long-term view. But history suggests your chances of making a long-term profit are better if you focus on companies with a proven ability to generate attractive returns. One company I believe fits this description is Highland Gold Mining Ltd (LSE: HGM). This Russia-based business was founded in 2012 with the goal of building a portfolio of profitable gold mining projects in the Russian Federation. Chairman Eugene Shvidler has a 12.5% stake in the firm. And while high levels of insider ownership can be a risk, in this case I think it’s worked in favour of smaller shareholders. Highland Gold has paid regular dividends since its flotation, providing an attractive income for shareholders. Progress looks good The group’s first-quarter gold output was 65,243 ounces, 14.7% higher than during the same period last year. Broker forecasts suggest the group will generate earnings of $0.18 per share this year, an increase of 24% on 2016. The stock also offers a forecast yield of 5.7%. Despite this positive outlook, Highland Gold trades at a 10% discount to book value and with a 2016 forecast P/E of 11.5. In my view, this undemanding valuation could be a good buying opportunity. It could open the door to long-term gains and should provide an attractive income. I recently added Highland Gold to my personal portfolio, and continue to rate the stock as a buy.' http://www.fool.co.uk/investing/2017/06/10/why-id-sell-sirius-minerals-plc-to-buy-this-stock/

Lionell, Thanks for including me in the list. Sadly, I've left the building. Didn't quite get 100p, even though I wanted at least 150p for mine. Even that is a steal for a once in a lifetime find. Still having second thoughts about selling, as would've loved a stake in SAND, but the CAD listing put me off. So, as a good friend recommended to me once 20 odd yrs ago...'always leave something for the next man' Got a whopping load of cash burning a whole in my pocket atm, but limited in terms of where to put it. Although did buy £50k's worth of HGM, only because it's got the lowest AISC of $652 of the producers out there listed in the UK. GLA and hope this gets the No vote and you're rewarded more than the current patheticoffer!!!

I personally wouldn't invest in GP again. What with his $675 AISC estimate, when it came out at half that! Selling the family 'gold' for what appears to be a back hander(imo), doesn't also warrant trust. To think the SP got battered to below 50p post PEA, when they withheld the AISC, yet behind the scenes talks appear to have been going on. Yet while some capitulated at sub 50p in late March, others took advantage it seems, from what I read on the CA.COM BB. https://ceo.ca/marl 23 Mar 2017, 15:53 @mountains_of_glory I have been adding, along with Raymond James (a buyer of 180,000 so far today). The same people selling now will be buying at twice the price. That's the nature of the game. 2 24 Mar 2017, 13:49 @mountains_of_glory Today Raymond James has already bought 750,000 through the TSX-V. I am willing to wager this is _the bottom_. 0 Traded at 0.85-0.95 CAD TSXV on 23-24th March - now 1.61CAD Raymond James is the Financial Adviser to MARL and they signed a confidentiality agreement on the 28th March http://docs.wixstatic.com/ugd/24ee23_5c008aeb261f4b39bf22b8561adf1094.pdf So if the comments by @mountains_of_glory are true, then is Raymond James in breach of insider dealing? Sold for a song, with others gaining above shareholders!

Havne't felt the urge to comment on these and the potential upside, because of my belief that the 'yes' vote is going to romp home, with the Arbs taking all the stock of those that sell. Gutted, because when I bought in and I did my sums, the value of a buyout was double the actual one. This is a one in a lifetime discovery. None of us will ever invest in bulk grades like these! But here we are, so with my Geo hat on, this is my analysis of the 2 holes drilled : RNS : 'As drill holes HTD-115 and HTD-119 were both collared 300m vertically above the uppermost known elevation of the Main Zone mineralisation, the possibilility that the narrow veins/veinlets intersected form part of a distal stringer zone to a buried massive sulfide system will be tested through future dilling. ' Translated : The location of the drilling is 300m higher in altitude than the MZ drilling, so it is very encouraging that they've hit some potential shooter roots of with very high grade, that could be from another Main Zone at the same relative depth to the Main zone. They now need to drill deeper, to hit the same relative level as the main zone... But I fear it's all too late, unless someone trumps the 1.10 bid, as the yes vote looks sure to win imo. The market is also telling us that, with the arbs soaking up TSX and AIM weak sellers. :-( Sigh!

The Arbs are enjoying hoovering up the pound coins for 94.75, who'll all be voting yes to enable their trade. Can dummy sell large amounts(my holding) for 94.75 as has been the case all day. Although I'd expect the price to continue to get better, as it's done all week. Easy money for the Arbs.

F29, yes I agree. SAND wouldn't be doing this wthout a plan with Lidya who will liekly be 100% owner(bar 2% NSR), in return for SAND doing the capex funding in return for converting the 30% JV to a 30% stream. I think the BoD have tried to convince of the merits of the deal, by stating that we'll still have upside in HM and the rest of Marl, although it will be a fifth on what it is at present, so just 6% as apposed to 30%. Although we'll gain another more than the 2% because the 2% NSR is worth much more than 2% of the JV. We also get 28.75p in cash and the portfolio and upside of SANDs streams. I can see the merits in all of this. I've considered by SAND myslelf as like the model and leverage on Gold. Plus I like Nolan...clever and a great speaker.

About 1/2 way in, Nolan has some pre-approved by LSE Q&A on Marl. Mentions that once the deal is through that more will be revealed with a full Q&A session and a lot of PR. Maybe we'll find out that they do have someone already lined up for the streaming deal, which was the markets main concern that knocked their SP. Worth a listen : https://event.on24.com/eventRegistration/EventLobbyServlet?target=registration.jsp&eventid=1424154&sessionid=1&key=3E9C766172A58B65FDAB961191562E88&sourcepage=register Also, what's going to happen when the Arbs close their shorts on SAND. Plus the shorters that have taken SADN down prior to the GDXJ re-shuffle next month(mentioned in the above audio too)

Meant to say...'However, I'm EXPECTING the Arbs will vote 'yes', SO THE YES % WILL SOAR AND TAKE THEM WELL PAST THE 75%!:-( '

Maybe Sprott are holding less than 1% and therefore do not need to notify? According to my historic screen shots I keep of the Marl Capital Structure webpage, Sprott reduced from 6,805,388 in March this year, to 5,684,451 as shown in the current one dated 20th April. Resource Capital funds also reduced from 3,615,000 to 3,015,000 in the same period and they also haven't notified yet. The Arbs have managed to take a big long position between the lot of them. Where did those shares come from? To gauge the current % and the chance of a yes vote going through, only based on the known voters of yes/no at this time(obviously more will vote), The only confirmed 'No' votes are 'us lot' so far, with 4m shares The only confirned 'yes' votes total 8.7m(I dont think Sandstorm shares can vote, or can they?), as mentioend in the 26th April press release. Therefore my poll of known voters has the 'yes' camp at 68% of the vote, so just short of the 75% required. Remember they don't need 75% of the shares in issue, just 75% of those that vote. But I'm assuming the Arbs will vote 'yes' :-( Sold down the river for a song!!! An expected 'yes' vote is more likely to flush out a bidder now, than one hoping to punce on a 'no' vote. The deal on the table atm is worth £1.0058, based on SANDS closing SP last night and $/£

Plus The following Arbs announced after market close The K2 Principal Fund L.P. 3,786,750 2.90% MMCAP International Inc. 7,522,613 5.75%

Australian Investors are not Arbitrage holders, so shouldn't go on that list. Plus they are the ones that are confirmed as 'yes' voters.

MAN announcement @ 11:55 today 3,436,810 2.6292%

640k now. Time approaching for all to declare... 'An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified.'

Lets not forget last November when GP said AISC were $675 in that video, yet they are actually half that in reality!

Question for GP tonight, or at tomorrows 121 event...will we get a resource update prior to voting? TIA

Based on the offer(£1.10), which values the whole of MARL at 50% of it's 30% stake in HM(based on PEA numbers to hole 62), when GP expects to double that resource used. That's some discount, even without adding the zinc, the poor marketing of the ptyrite concentrate and the other projects, etc....NO D220: 130k F29 261k SCSC: 64k Terra: 230k Brent :200k IY : 169k

Can the clerk at MARL do the drill results RNS next please!