Member Info for Jerryspaniel

Anna has just replied to my most recent question (if not the few preceding that). Maybe she is reading this....
Just asked if presentation next week will be on the website. It will be if she can get the video, otherwise just the PowerPoint. As we know it’s not the words but how they are delivered that counts so let’s hope we get the video.

Jambo, down at the microcap end of mkt not all brokers do full service and some brokers are pretty poor in both meanings of the word.

Long enough to remember the Guinness scandal and the jail terms handed out.

I can’t believe that any company would ask mms to do anything. More unfounded conspiracy theories I am afraid.

No sane person will have converted the warrants early. Lose all the optionality if you did that.
Maybe if shares had traded much higher and held, but it didn’t.

TomE, if I were a betting man I would guess that no news till after next Friday, and then plenty the following 30 days. SP can then rise w/o the overhang, and depending on results there can be a smallish placement or better still selling something for cash, because by then GGP will need some cash for any drilling they may want to do.

My guess is that it is held back by lack of buying and the overhang of the warrants. I absolutely do not subscribe to the conspiracy theories.
If you held any of these warrants on top of a substantial holding you would also try and make some money out of them, and that can only happen by selling at >2p.
Any extension of the expiry date of these would, I believe, be negative for the sp.

Is anyone getting any communication from Anna these days? I ask as I have sent quite a few emails with reasonable questions over the past month or so and havent had the courtesy of a response.
Maybe its just me.

So throwing my tuppence in....
Let warrants expire.
Do a similar deal on black hills as Havieron (assuming they find something), but ask for say $10 myn cash upfront. Now no need for cash raising or dilution.

In the 275m one is au eq and the other is au and cu separately. Could these not equal the same?

All this childish behaviour doesnt hide the fact that there should be an RNS on his holding if its crossed through a percentage point. Maybe he could explain why he thinks it doesnt w/o resorting to rudeness.

I think this story has been doing the rounds since at least April. Apparently its a question of whether Rio does or doesnt want to get into serious gold mining, and this reduce their exposure to iron ore. Presumably banks are floating the idea in hope of getting some fat fees should this happen...

212m warrants at 2p with Aug 9th expiry, as a guess!

I think Mog and Quady make very valid points and I wouldnt disagree with any of them. I would love £2 but just cant see it atm. A lot of good things need to happen and quickly IMHO.

I am sure there have been companies taken over at multiples of their sp, though I cant think of any. Maybe we could see the sp trading at 45p next summer, and maybe some bid talk gets it to 60p, and maybe there is a 40% prem from there, so you could make a case for 85p when the lock up expires.
But IMHO we might get there with a concerted drilling campaign on some other prospects if they are as good as Alpala.
One other thing that bothers me is how SOLG are going to finance any mine development. I just cant see how any consortium of banks are going to be interested when the company has an asset base of one. In my experience (albeit with oil e&p) banks like to have multiple assets in the lending base, to de-risk the mine/field they are lending for development. So I still think this development stuff is a red herring.
All sounds a bit negative which is just where we are with no news, no plan and no sp increase. But I am still holding all my shares, mainly cos I think the downside is smaller than the upside potential.

IMHO opinion it will be the 'usual' 40% premium to whatever the current sp is at that time. But if they could establish some of these other priority targets by drilling them, then we could be much higher, as the upside potential would be clearer.

Its worrying that you know that........

Another question. If they re-enter a hole do they count the whole hole or just the new bit drilled at the bottom? Logic suggests the latter, but I am not sure whether these holes are intact or whether they would have collapsed.

Hi Paddy and others,
Looking at the diagram from Newcrests presentation doesnt it appear obvious (to the unitiated like me), that Newcrest should re-enter Had 2 and 3, especially 2, which seems to be uncompleted, in that they stopped still in the payzone?

Well if that were true, which I am sure it isn’t, more fool the people who sold the shares.
This isn’t a share for rank amateurs.