Member Info for Jerryspaniel

I think that those who keep saying that awful line 'rinse and repeat' can stop it now. There will be no asset sale. If you want Alpala/Cascabel you will have to buy Solgold.
I was quite heartened by what was said. I know it was late and NM was probably talking from his bed, but he is an awful speaker. He said he didnt have any problem sleeping, but thats probably during the day too....
Downside risk limited, upside potential large but slow. If I didnt have a much better opportunity elsewhere I would buy more.

It will be nicely timed with my afternoon nap! NM has such an interesting delivery I should be fast asleep in no time.
When he is done with becoming a major, he should think about bedtime story audio books.

Belkers, there has been a lot of informed discussion on transport costs to telfer, probably before you were on board. I think, unsurprisingly trucky was instrumental, so you might want to check that out. Don’t think you will find it £420 myn off the mkt cap!!

Belkers, there has been a lot of informed discussion on transport costs to telfer, probably before you were on board. I think, unsurprisingly trucky was instrumental, so you might want to check that out. Don’t think you will find it £420 myn off the mkt cap!!

Hi stebol. The gross dimensions are bigger than that I think and of course it’s open at depth. What we don’t know is the g/t and the % mineralisation.

That’s only half a Kalgoorlie!!!

Quite. Mind you I did fill my heating oil tank, but they didnt pay me to fill it up!

RWTB. $1 is only available if you have a storage tank where those who are short WTI can deliver it. EG Cushing. Oklahoma. Given all these tanks are full and I guess you dont own one in Cushing that is empty, this trade isnt for you!

Re Oil exposure for RWTB. A few years ago I called the bottom of the oil mkt at $25. It rallied to $40 and I owned an ETC. When it got to $40 I sold out and made precisely nothing. ETCs tend to own futures and the $15 that I made was eaten up in the costs of rolling the futures forwards month by month. Anyone in that trade would have got slaughtered yesterday.
So I now trade oil producers. Depending on how bullish you are, look for those who are highly indebted (or not). If the oil price rises high cost producers and those with massive debts will rise fastest, and the giants the slowest. Of course if the price falls further you wont want to be near the high cost guys cos they will be killed. PMO is a good example of a high cost/high beta oil producer.

Thats a bit weird as Hav wont be open pit, unless they have found something else closer to the surface. Of course they could be gearing up for mining Scally, which probably would be open pit if they ever found anything. Now there is the start of a good conspiracy theory........

From what I can see MT owns about 14myn shares and warrants. Prim owns 37myn and SVE owns 85 myn. So not that large really and some of us on here own much more than MT.
I wonder if all these three would be supportive of management in a deal? Certainly SVE as its run by CB.

No, he said the billion quote in an interview with Andrew Scott sometime last summer I think. Def last year. And I think it was billion £.

Highrisk. I bought some prim a few months ago. Then I had a look at their admin spend vs mkt cap. Scared me. They have to make a lot of money to stand still. So I sold out and put it in ggp. Difference between prim and starvest is that the directors of starvest have other jobs so fees are low and they have just taken their payments in shares, so cash burn is less.

Everyone at the moment seems to want to sell ggp and find the next big thing. What they don’t seem to realise that they have/had the next big thing, GGP.
Private investors usually underperform the markets big time, they sell their winners and run their losers. Professional investors when asked what their holding period is, answer forever. Do you think Buffett, Train or Smith constantly ‘top slice’. No they don’t so nor should we.
Do what you like but don’t expect to find the next ggp lurking around every corner. These opportunities come round once a lifetime. You either were lucky or smart to invest in this opportunity. If you were smart then you should realise the size of the prize. If you were lucky don’t expect to be lucky with your next pick. It just doesn’t work like that.
Glad I got that off my chest.....

Probably best to ask people on that board red!

The first one is often called Maiden but subsequent ones are called Mineral, but in reality they are all Mineral Resource Estimates.

Hi Rich. That’s why I use HL and Barclays. Some of these other firms people use I have never heard of. Presumably cos they save 50p in comms. Penny wise and pound foolish comes to mind.
Not saying my two can’t go bust, but if they did I think we will all have a lot more other things to worry about.

Sadly not addicknt. I have a not very anonymous twitter handle!

Addicknt, you are very annoying cos I want to private message you about something!
Generally I have been buying but quite modestly. I am trying to switch out of some of my holdings that are in a taxable account and put them in my ISA, but all I seem to do is the buy leg in the ISA! So I guess I have net bought about 2 million. Just feels wrong to be selling at these prices when all I hear is that this resource could be very very large. Its a pretty big position but I think the risk has been mitigated by the news. We will know more next Wednesday when I will be rather excited....

After MRE or PFS, when the mkt cap is a billion, or when there is an update from Numis. Possibly when Sandeep says its definitely a mine.
They dont go out on a limb and always like to have someone else to blame for their mistakes.