Member Info for Morningsun

What is the correct amount of shares in issue to use when looking at future valuation?
Currently there are 3,577 mln shares in issue which I use for calcs.
However, earlier in the week someone posted that the correct amount to use is more like 4,000 mln shares at full dilution given no further changes.
I guess this has to do with warrant conversion which dilutes but also adds monetary value.
Thanks for feedback
MS

PG, thanks for the link.
He is using a square of 400m and you're using a cylinder with 300m diameter.
What is the grade and depth you use. Salpeyie uses 1000m and a range of grades where even at an average of 1.5g/t you get 20mln Oz.
Thanks
MS

Sarge, that is a standard kill all discussion remark and you know it.
If the BoD had done their feduciary duties than the company would be fine. But they were greedy and unresponsible which lead to this disaster.
As I have said before, this project is not complicated, even if it is oil in Africa. Anyone with a decent sense of duty and business could have pulled this off. But this BoD had other plans. That is exactly why this should be investigated.
MS

You mean 1234's 43 and 50 shares buy?

Red, GGP is in the process of properly developing itself. They need to be careful and focus their time, money and effort on where the developments are. That is the Paterson.
EG may come back into focus at some stage but please not now.
MS

With an avatar like that he wouldn't invest in an oil company! It actually days so. Oil NO!
He's just winding you up Tiburn.
MS

Can't be MFU because our 1234 guy bought 4 Mln and just reported it hald an hour ago...
MS

PG, JC, the gold price increase may or may not have an influence on the gold in ground price. This discussion to me seems quite premature as HAV is not producing and won't be for a couple of years yet. The gold price will only be a difference when you actually get the gold out of the ground. So, if the forecast of the gold price is to stay at say USD 1600 for the next 5 years then yes, the gold in ground price will increase and we would get more for anything in HAV that we wish to sell.
However, there will be risk factors involved in that pricing (up and down) as there is no guarantee that that price of gold will indeed be available over time. That is why they price these things on long term averages I'm afraid.

If NC paid usd 47/Oz for Redcriss on potential at gold price of usd 1100 then we should be seeing better than that for HAV at a higher gold price and even more when proven up more. How much more is next to impossible to determine at this stage. I bet it's nowhere near USD300/Oz. I wish it was true. But then again, it all depends on the market and forecast at that time.
MS

I hope you mean 80to 100 mm of rain chart. Otherwise I think Oz will be under water except the Grampians and Ayers :-).

Indeed, was a big storm over the area yesterday on the weather maps.
MS

Haha, guess that proves my spelling of his avatar. Welcome back chart :-)

He, not hes....

Hes seems to be removed. Can't find the avatar chartbuster. Unless I've got it spelled wrong?
MS

That is quite a callus remark RTC, even for you!

Timid repeated it as 500m at 20g/t.
I don't believe that is possible but even if he had the factor 10 mistake it is still great. Guess we just have to wait for the results...
MS

TomE, I can't seriously believe you are discussing 5p on this share. We are at 2 and the great is still to come. I would be very, very disappointed if this didn't rise above 10p at the very least.
MS

Well Mickey, we all know what chartbuster reported earlier today. That post about HAD040 that was removed. That was pretty precise,with hole number and all.
MS

Tiburn, I have often wondered why people like Angela ALWAYS start a new post and never respond directly.
It makes it a lot more complicated for moderators to remove posts. Now they removed a whole post trail where someone posted something in one of the posts that was not deemed OK. But in the process everything is gone.
I am thinking that starting a new post every time sorts that out.

I can't imagine that anything today was written that was against any rules but what do I know.
MS

I was thinking the exact same CP but didn't want to jinx it by bringing it up ;-)
MS

More sells than buys and the SP is rising.
Same message as end of last week.
MS

I would say. Lot more sells then buys and SP still going up.
This is different from before. We may have finally gotten to the point where sellers realise that once you sell you won't see that price again. If this holds anyway.
Exiting times.
MS