Member Info for Jerryspaniel

Thanks for the suggestion Speedy. We will try there at the weekend. Bit of a schlep from Adeje but I am sure it’s worth it.

Well said Starbright, another great post from you. Said all I was thinking but as I am on holiday I couldn’t be bothered to write any more!
Everyonesawinner. The fact that you can’t and won’t see our point suggests you should sell up and move on. Day to day, or month to month share prices are not the CEOs responsibility. Drill results, land grabs, corporate deals are. So he gets an A* from me for his first year. If the sp is 15p in 4 more years he will, like you, be gone. My guess is that it will more likely be over a pound.
Now, it’s Cava time…..

Greetings from my sun lounger in Tenerife.
So a few posters I have never heard of turn up with a (probable) 50,000 shareholding to moan at an RNS that they don’t understand.
I have been looking forward to this notice as we now have a properly incentivised CEO (who incidentally is doing a fantastic job), where the share price will really matter to him.
So if you don’t like it, you had better stick to the post office savings account, as this is how true long term value is created for all.
My bet is that the hurdles will include, production, exploration success, share price and peer outperformance. If SD gets himself the whole 12m, we will all be delighted - well maybe not Jamie Dimon….:-)

No I dont want to. You are comedy gold.

CJMorley. Its difficult to understand how anyone would have any holding in GGP without doing the most basic research. The fact that you dont know anything about GDXJ and its holding in GGP beggars belief. As such I am afraid everything you say will be taken in that context. That is, you have no idea what you are talking about.

Morning Andy. Bringing to the market could be just informing the market, selling to a third party or listing on a market. I am choosing to believe that Darryl means bringing it to the markets attention.

Evening Starbright. We might need some debt if we start a second decline with conveyors all the way to telfer. Mind you that might be filling up Telfers 23million ton pa processing capacity with cash flow to match. And still multi decade resource.
It’s a lot more than 20m ozs…

Great job DBW. Best interview with anyone at Solgold for years. I like the fact that he realised he needed to engage with major shareholders straight away. Seems a good working relationship.
Whether this does anything for the sp is another matter, but at least we dont have another lunatic running the asylum.

Morning Strudel. Pretty sure it was Chartbuster.

Afternoon Quady. You are right that Darryl and Nick have the same vision. They both pretend that they know how to take this to production whilst hoping that a third party will buy the asset or the company.
The difference being that Darryl doesn’t come with all Nicks significant baggage.

Cazbraz. GGP neither has the funds nor the permission to do this. So, no.

Whilst I am no geologist, with some help from some very knowledgeable people, I have for some months thought it was over 40m ozs. Just the maths of the size of the deposit and the grades.
I am now thinking 50+. IMO and DYOmaths.

FWIW I prefer the WI approach as it uses market prices and isnt distorted by historic prices. Also gives a higher number!

Very interesting video from Rob Kientz on Tuesday, via his twitter feed, on his analysis of the latest COT report. First time he has seen banks net long silver and the only net short are producers, who are hedging their production. Banks have been driving the silver price lower for some months/years, but it would appear that the banks have changed tack.
Also Andrew Maguire reports that if you want wholesale amounts of silver, then you have to wait till September as the banks have hoovered up the physical to supply to end users.
Speedy, all your dreams are about to come true!

Hi Mcilroy. Yep still is. Just got to be patient - as I keep reminding Panama.

MJ. Of course. Thats the main issue, but it wouldnt be at such a discount if it wasnt. Its not for everyone and no one should put all their GGP eggs in this basket. I just think its an interesting way to play a small amount of your investment.

Zoros. I kept reading but really didnt have much to say on the interminable discussion on the 5%.
To answer your question, when/if GGP gets taken out I would expect SVE to probably liquidate itself, do a share buyback or make a large distribution. Then the NAV discount should close to a minimal amount. In the meantime I have the exposure to GGP and I suppose some tiddlers too.

Morning Speedy. Its not geared in that they have debt but it is massively exposed to GGP. SVE own about 1.5 shares of GGP for every one SVE share there is in issue. So fair value (which it would probably only get to on liquidation) would be 1.5 x GGP plus the small amount for the other investments. It seems to trade at around 40-50% disc to its NAV. I think that is a lot and thats why I invest, as I get the same exposure for less money invested.
It does track GGP but in a bumpy sort of way.

SB. I have a spreadsheet with their other holdings gleaned from statements made over the years. None of them are significant but I suppose they could be options on their success. I recall Callum saying that some will go bust but some may multiply - like GGP did. I dont really do any work on the other investments. Some are in places that I wouldnt go to.

Hi Scottie. I looked at Prim when AC was in charge and before it got taken out. It was an awful company with massive salaries and costs relative to its puny valuation. SVE is different with very modest costs and no cash taken out, as the small salaries to Callum and Gemma are paid in a few shares.
IMO at the moment SVE is GGP, just with a much lower entry price. The other stuff SVE owns is de minimis.