Member Info for Jerryspaniel

Ref EG, Shaun has said he expects to start drilling it in the second half of this year. With plenty of cash, I hope it’s an extensive campaign. Drilling success and the gold price is what will give folks their most optimistic target prices….

Great to hear from you Coach. I often wondered if you sold or kept. I know that you had quite a few. Good to read that you are involved. It’s been a journey! Best wishes.

Besides all the various and obvious holes in AAs posts, the one he gets completely wrong is the Newmont stake in ggp. After the ASX listing NM will effectively have no holding in ggp. Half of it will be sold in the listing and the other half is optioned to Wyloo at 150% of the placing price at the back end of last year. So NM has no long term interest in ggp which is a win/win for both parties.

He really is a bit of a thicko.

My guess is that this Aquarian guy is an Antipa holder and posts regularly on HotCopper dissing Ggp. Same style, same opinions, same lack of knowledge, maths and understanding.

Right time of day too.

I went through this in some detail a couple of years ago, and I am not doing it again.

YNWA, do the maths. It is. Or maybe you think that dividends have no consequence to the company's value?

Sell 5% of your shares every year and, hey presto, you have a stock yielding 5%.

Not rocket science.

If you can tell me the gold price and the drilling success and production levels, I can tell you the share price.

So if gold goes to infinity, so will the share price, assuming that we are still producing that is.

My guess is somewhere between 8p and infinity. Thats the beauty of mining companies - there is no logical top without a lot of assumptions.

IP did you find any independent verification for your post of yesterday that Newmont had bought shares in Lundin Gold? I have found nothing.

Afternoon Stackhigher. I have seen the email string between our Chairman and Addicknt, so I can confirm what Add says and its accuracy. Of course you may prefer not to believe me either, though why I would come on here and waste my time is another question to consider.

Spud the talk of Rio getting involved was mainly centred around what they were going to do with their Winu deposit. Were they divesters or were they looking to expand in the region. When they sold 30% to Sumitomo that tended to end speculation.

Trippy, this was a requirement for the ASX listing. We know why they got the options. But they had to be relinquished and using the Black Scholes model for pricing options they were encashed at that value (most of which was 'time'). The retained cash is to pay for the CGT/Income tax due on the gain. The rest of the money was swapped for shares. The fully diluted shares in issue has been greatly reduced as a consequence.

If I was a director I would be pretty fed up having to give up all these options as I would much rather have them, given the future prospects, than a much smaller amount of shares.

So, if you think the shares will trade much higher, its a great deal for the company and its shareholders, and bad for the directors. If for some reason you think the shares will trade lower (then why are you here?), its a bad deal for the company and a good one for the directors.

The two Brits won’t be invited soon. Imo.

TomE, it’s a pity you don’t practice what you preach…..

Speedy, of course.

The wheels have come off at WIshbone and Artemis. Antipa have had its tyres well and truly pumped and Roger Mason is looking for someone to give him a crossbar.......

Zero

Jammin, I am glad to see another person who 'gets it'. At 4.55% on the ten year, the US is bust.

JET47, that would be the logical conclusion. Unless of course there was anything else in the intervening period that could affect the sp, like 'events'.

I cant wait till the 23rd June when the sp isnt exactly to 4 decimal places 20 times the sp on the 20/6, which will allow some clown on here to say I told consolidations were always good/bad....

You don’t need to do anything, it all happens automatically.

In fact barring the price change due to consolidation you won’t notice any difference.