Member Info for Jerryspaniel

As a hypothesis how about they don't want to release the data on hole 64 before MRE2 cos they feel the market wont understand the significance, but they will understand the CuEq of MRE2? Not sure I can explain something that is being deliberately held back otherwise. IMHO!

I don't know Cook, don't want to. But assuming he isn't mad, I would be very surprised if he actually wanted to short a stock with so much impending news. However he probably wants others to, or to sell their holdings. Then he can get in at the price he wished he had in the first place. Just my thoughts as usual.
Surely this week is the week for some drilling news...….

I get that Schlemiel. I am not saying that its impossible, just that its probably difficult and expensive. Obviously on a stock that can gap up and down and is very susceptible to big news announcements, pretty risky too, but that's their problem.
Maybe I should ask HL what they would charge.

A lot of talk here about BC and others 'shorting' SOLG shares. Its not that easy to short smallcap, illiquid shares. You have to find someone to lend you the shares to short. Does anyone here know what the borrow costs are for SOLG? With 62% locked up and PIs probably not in the stock lending business, I would be fascinated to know where they get the borrow and how much it would cost.
BTW I love to hear people shorting shares I own. Whats their next trade - buying them! Weak longs are the problem.

I really really don't care. I have what I have and am happy with it - otherwise I would do something about it.
How can I be jealous of anyone here when I don't know them, and wont ever know them?
Just a bit of gentle teasing about the classness nature of some posts.

If you wanted to play with some big numbers..after you double the double (or use MRE X 5) then convert to CuEq and multiply by anywhere between $150 and $413 depending on where you think we will be before t/o. <br />I would like to have that in 2 years time please! (Obv just for Cascabel, then again for the other 72 projects!!). <br />Should be able to get a Skoda Fabia with my 500 million shares that I bought for <1p, to (mis)quote some other posters!

I get you now. So if we take the doubling of MRE as a done deal, the rest is a leap of faith or assuming some unproven similarities to other assets. I am fine with those assumptions, just as long as we know they are assumptions.
I am going to stick with my 160km/53km times MRE.
All gets to the same answer that the company is way undervalued!! IMHO...……...

Hi Strider. Where do you get 25myn t Cu and 60myn ozs Au for Alpala?

It would be great if we have someone on this board with geology, mining or similar background. There appear to this retired metal trader some hidden gems in Jason's presentation although my mining knowledge is limited.
I love the quote 72 projects and we are surrounded by sharks...
Also the comment that NM has delivered $5.7byn of value to the 9 companies that he has sold and the tenth, if it comes, will be the biggest. Now if that isn't prepping us all for a sale I don't know what is. I was hoping that the tenth might deliver over $5.7byn itself!!!

Personally I don't think these non exec directors are anything special and its unusual to say the least that non execs get options. Never happened when I was a non exec! So I don't think the board should get them, and if they did they should have some pretty big hurdles attached to them.

Seems this board gets abusive when there isn't much to say. Shame.

I used to work in that industry, though not exactly in a HF. I don't and wont have any money with a HF. Does that answer your question? I can expand much more if you would like!

I asked a mate of mine, who has a Bloomberg terminal, to calculate the true value of the options recently awarded to the staff. For a three year option struck at 60p with no divs, volatility at 57.28 (the current vol) and a risk free rate set at Bloombergs default, the fair value comes out at 14.77pence. Just for info the 1 yr is 8.9p and the 2yr is 12.15p.
As we the s/holders have donated these options for nothing we have diluted our shares by 82.875myn X 14.77p divided by 1.829byn shares in issue. That comes out to 0.66pence per share. Not saying that is good or bad, but in a perfect world the sp should have fallen by 0.66p on the news.

Hmmm. I think will need to agree to disagree on SJP. My thoughts on them are based on what I read and what I have heard of them from independent sources. I am not sure that I want to say on this site, or anywhere else, what I really think of them, but if I had a list of any number of similar companies, they would be at the bottom!
As always DYOR and IMHO.

You need to be very careful with St James Place. Check out the total fees, especially exit fees. They wont be getting 1p of my money! Just IMHO and do check them out thoroughly.....

There are quite a few ways to put money in for the kids and other more distant family members. Different ones are accessible at different ages. Or maybe build them a pension, that's even further out there!
I have chosen to filter out Dose and Orchard and anyone else who I find offensive. Don't mind someone disagreeing and having the facts to back it up, but really.....
I hope the moderator sees it my way too.

Essentially a three option is worth tons more than a two yr and a 2 yr even more than a one year. If you had to buy these options in the market they would have different option premia. Effectively we the s/holders have sold these to the staff for nothing, and so we have given away more than if they were 2 yr options. If anyone has a Bloomberg terminal you can work out the difference.
If I was to defend NM, I would say that 3 yrs ties the holders to the co for the foreseeable future and as the options presumably replace the 28p options just exercised, he could say the strike is more than double the last lot.
Still not sure its right - except for the locals, and happy to give them some shares for free as mentioned by someone previously.

A coupe of points. Firstly options have a lot of value due to time left to expiry (Black Scholes tells us this, as does common sense), so it would be odd at best, and crazy at worst to exercise options earlier than the three year limit. Secondly nearly every company and/or their broker that issues options to their staff would also offer a dealing facility for the staff to make money from the options (profit from the difference), so Ecuadoreans will be treated the same as, for example, Aussies.
Still think they are too cheap to non Ecuadoreans, and should be over £1 to directors but preferably not at all.
The directors are hardly Oliver Twist...….

No you aren't deluded. I think my problem is similar to yours in that after a doubling of the sp, options should not be granted at the same strike price as the last lot, ie 60p. I was hoping/expecting something north of 100p. Options shouldn't be easy to make money from, they should reward exceptional performance.
As most of us here think the company is worth at least twice 60p, I cant see how they are going to do anything exceptional to get them into the money and if the MRE is as we think, they have already done it!!

She isn't a natural presenter but she is getting better! Couple of slips of the tongue notwithstanding, its a great story and I think it just needs telling with a bit more pizazz. Don't need Barry BS, but no excitement.
We are definitely under promising, just hope we are also over delivering!

Newcrest had to know. It must have had board approval. Probably a courtesy call to BHP to tell them what was about to go out on RNS. Same for CGP and the other big holders.
Anna's up in 15.