Member Info for Jerryspaniel

Hydro,

As at 30 June 2019

CB had:
17.5m at 0.7p expiring 16/2/21 – he exercised these on 16/6/20

14m at 1.4p expiring 6/9/22 – he exercised these on 2/7/20

14m at 2p expiring 6/9/22
And was awarded 9m at 2.5p and 9m at 3p on 26/9/19

So he has 32m left.

GH had:

28m at 0.28p expiring 18/7/20 – he exercised these on 26/9/19

17.5m at 0.7p expiring 16/2/21 – he exercised these on 19/5/20

14m at 1.4p expiring 6/9/22 – he exercised these on 16/6/20

14m at 2p expiring 6/9/22
And was awarded 9m at 2.5p and 9m at 3p on 26/9/19

So he has 32m left

In addition to these two, there were the following options outstanding at 30/6/19

A Borrelli 51.5m
G Cryan 11m
B Wasse 12m
C Latcham 10m
M Sawyer 10m

On 26/9/19 there were new options issued to:

C Latcham 3m
M Sawyer 6m
Others 19m

On 8/1/20 there were new options issued to
J Janik
5m at 2.5p
5m at 3p

Furthermore on 22/5/20 B Wasse exercised 6m at 1.40.

So if we add up what this suggests is still unexercised it amounts to 190.5m. this tallies with the GGP website once CBs 14m is taken off for Weds.

Dogstar, you don’t know what you are talking about. Tell me a FTSE 100 ceo that pays himself £160,000 a year?
You will be going the way of fullboots unless you say something factual...

Hi hydro, no I didn’t post anything as the board was having one of it’s useless days. But anything you would like to know re outstanding options I can let you have. Also I don’t recall seeing the August options being there either.

Hydro, all the July 2020 options have already been exercised. So there is no reason why any shares will be sold that are linked to these options. That’s not to say that there might be other longer dated options that could be exercised and some shares sold, but it’s won’t be related to the July 2020 options.
Last week I did a complete analysis of all options and warrants and share sales by directors. It tallies with the ggp website. Obviously the annual report is quite out of date now.

I read the farmin doc to mean that the toll treatment terms had already been agreed, thats assuming ggp still have a holding in Hav by then of course.

Morning. Everyone has assumed that NM is correct on the tax implications of selling Alpala. If the deposit/mine was sold he might be right, probably is. But if ENSA were sold I think that might be a different situation. Thats why assets like mines, oil fields are put into separate entities, so that they can be sold without triggering large tax bills.
It wouldnt be the first time that NM has played with words.

Hannam & P also put a 4 page piece out on Weds with a 109p sp target.

Rainbow, you conveniently forgot the 59.5m options exercised in past 9 months. Probably cos it didnt fit your narrative.
We appear to be under attack from some morons.

Hydro that would be great. If I am right it’s a huge signal from the management that not only do they think the sp is going much higher but also they could get taken over by mid 21 onwards.
In addition interesting that yesterday was start of their new tax year.

TMT. I didn’t know the one year rule. That makes it an even better signal. Good find.
They are as good as saying, we think this goes much higher. Lovely.

I think a lot of people are missing quite a good bullish signal on these Director option exercises. Most of these options have a year or two still to run, but they are exercising them early. Why?
IMHO it’s because the way the Aussie tax system works. They don’t have a cgt as such but all gains are lumped into your income and so increase the income and therefore the tax due and possibly push you into a higher tax band. If you can minimise the gain on the option exercise you therefore you minimise the tax due now. So why would they exercise early? Cos they think/know/believe that the share price will be substantially higher if they wait, thus increasing the tax to be paid if they wait.
It’s also interesting to note that the two U.K. based directors haven’t exercised any of their options early, cos we have a different tax system.
So if you look at the director share sales as being bearish I think you are completely missing a hugely bullish signal of GH and CB exercising early.
Happy to be corrected by anyone who has first hand knowledge of the Aussie tax system, as what I have learnt is from auntie google.

Good morning Quady. I think we can all agree that the next few weeks and months will be a lot more interesting than the past year. I bought a few more yesterday and happy to buy more if we have any weakness. I am not waiting for, or expecting a share price much higher than 60p even if we have some great drilling news. Not because it shouldnt be there, but more because it has never behaved like that in the past.

I get the impression that for the last week pretty much everyone just keeps repeating their views and position on Solgold, just in a slightly different way. Anyone, apart from Swazers, got anything new to say?

Great song QF. Had to play it again while reading this!

Hi Bellers, so sorry to hear your news. My best wishes to you and your wife. Just get out and do what you want and have as good a time as you possibly can. Lets hope that GGP can be the best antidote.

Colonel I don’t disagree with you. At 45p we might get a bid at 90p. But it has to get to 45p first. But that’s why I think 21p is the wrong price today.

I would add that at 21p Solgold is a steal right now. Of all the scenarios that could play out I can’t really envisage one that wouldn’t result in a sp higher than here, except politics. So I might buy a few more.

Morning quady, addicknt and others. I am not disputing the value in Alpala quady, or the potential elsewhere. I just think that bids when and if they come will be more based on current share price at the time, rather than asset value. If I wanted to buy Solgold I would be thinking that if the market only thinks it’s worth 21p, they are going to love my bid at 40p. If I have to pay 50p so be it. I would agree with those that think it should be 45p now, but it isn’t. For that I blame NM for mismanaging the past 15months.
The other way of looking at it would be, if a takeover was expected in October at say a pound, what should the sp be trading at now? The answer isn’t 21p.

To all those posters who think that someone will bid £1, £2, or even £3 a share, can they tell me what is the highest premium a bid has been tabled at, compared to the current market price?
I think I can remember 100%, not sure I can think of 200%, let alone 500%.

You asked me about the fully diluted shares in issue. If you put a link on your site to the page that Schlemiel posted at 06.29 today, that should allow everyone to add in the options and warrants to the number of shares in issue to arrive at the fully diluted shares.