Member Info for pablo2

This whole thing about the return to shareholders of £6.9m seems so simple yet I can't get my head round it. The share price rightly has risen and is getting nearer the strike price of 36p. Suppose it did, then what would they be returning to shareholders - nothing. They would simply be doing a share repurchase or buyback scheme - not uncommon, which just buys shares for cancellation. This process obviously concentrates the shares(as opposed to dilution) and makes the earnings per share go up and possible future divis might improve. The increase in earnings per share often heathily impacts directors salaries as they are seen to be benefiting the company and bonuses often depend on this earnings ratio. My stockbroker wants me to decide on the offer take-up by Thursday 19th 5pm but 'cause of hols I'll have to decide next Monday 16th. Probably go for sell as much as I can and end up they'll take just over 28.8% but I can't help but feeling something is not quite a simple giveaway with this. Where will the sp be after the 24th (the record date) perhaps it'll be down a bit but I would not be surprised to see this share within 2 weeks after being more than 36p Bid. Then where's the 10p - 'which equates to 10 pence per Ordinary Share in issue immediately prior to completion of the Tender Offer.' To me - something's not right. Might be best to hold, all the Director's 'kindly' are - they're no mugs.

more problems, and this is where all our mines are besides our own 'parked' one in Vietnam. http://www.mining.com/2012/07/08/papua-new-guinea-scares-off-another-miner/?utm_source=digest-en-au-120708&utm_medium=email&utm_campaign=digest 'Other majors operators in the country have not signalled that the country is becoming too difficult to operate in. Apart from Wafi-Golpu, for which a pre-feasibility is expected soon, Newcrest also operates the Lihir mine in PNG. Barrick Gold is also active in the country with its Porgera gold mine, while China Metallurgical Group's $1.4 billion Ramu nickel mine is set to go into production by the end of the year.' Newcrest, Newmont, Barrick and Gold Anomaly looking after our 4 projects there. We're at their mercy and the government(or lack of it) in PNG.

Same here, sell all I can and then see how the rest go after end of July.

Thanks for discussing, I've been waiting for hours. So what do you think's best thing to do - sell as many as you can in the offer which will probably be about 30% of your holding?

given out to 69 million shares @ 10p per share???? But you lose your share so it's not like a special divi of 10p is it? Anyone?

Think I'm on the right tack?

on website : 'Those happy to take their pro rata share of the distribution can accept the Tender Offer. Those who would prefer not to sell any shares, can decline the Tender Offer and in doing so increase their percentage holding in the Company, without incurring any cost. Those who wish to seek to sell more than their pro rata share of the Tender Offer can make such a request and use the spare capacity made available by shareholders who choose not to participate fully in the Tender Offer.' So you can try and sell as many as you like but will probably be only able to sell about 30% of your shares in the tender offer. As Riddler says any bid price around 34/35p would be advantageous to sell all on the market. After going 'ex-div' ay 8 a.m. Wed 25th July sp will drop IMO by about 7p.

Perhaps they are not ex-divi as : Tender Offer Record Date 5.00 p.m. on 24 July 2012 But they are only going to buyback 27.78% of the shares. Awaiting posting of info on website.

Why the rise - expected it to go down - these are basically trading same as ex-dividend now.

Sorry, buying @ 28p - my profit is 800/28 = 28.6% Maths slipping.

Having just worked yours out sstrarski @ 50%, I see my personal calcs are wrong, I'm up 22%. Lot can happen between now and end of July but we'll have to decide fairly soon on acceptance.

(Sorry no TPJ news) Looks like they are doing some fund raising but at a lot of dilution (haven't really studied it). Their share price doesn't seem to be doing any better than ours over the last 6 months. http://www.goldanomaly.com.au/irm/Company/ShowPage.aspx/PDFs/1914-68955570/ShareholderMeetingResults

for me - bought @ 28p - for the ones I can sell - guess there'll be a stampede and we'll all probably sell about 30% 'cause the BOD aren't selling.

What percentage of our shares can we sell back @ 36p - can we try ALL of them and if they don't get up to the 27.78% limit they'll buy ALL ours? I suppose it'll be on the website soon.

He's never tooooo busy to answer straight away! He's got a few shares - 8th March RNS : Following this transaction, Mr McGee is interested in 261,111 Ordinary Shares, representing 0.07% of the total issued share capital of the Company together with an interest in 12,071,124 options with a strike price of 5 pence each.' It would be good all round if he reaches his strike price of 5p on his options. Now if he would only pull his finger out.... Newcrest at Manus Island will probably be the next to report. Can't see why we're so negative on Gold anomaly and crater Mountain. I checked some of the grades and though the majority are low g/T they are finding some other seams of good grade. If they do progress to Bankable Feasability Study without running out of funds or massive dilution, we might come to like Crater Mountain too. Short to medium term, 1-6 months, I don't think we're going to see a lot of progress but we must still be oversold IMO and should get back over 2p soon. Don't think anyone's going to make a fast buck here though IMO. Just had a look at the Free Float of this company - it's only 55%, so that might help it move when it moves.

Goldenboy - I've just got to hold, but I like to the sound of your research/logic.

This will be in the form of a tender offer by which the company will buyback shares of holders at a strike price presumably 10p above sp. This will not be determined until after a late July general meeting. Q. When will the Tender Offer be completed? The Tender Offer cannot be finalised until shareholders have approved certain resolutions in General Meeting. We are working with our advisers to prepare the necessary documentation and expect that a circular containing details of the Tender Offer and the notice of the General Meeting will be mailed to shareholders early in July with the required General Meeting following later that month. The Tender Offer will then be implemented shortly thereafter. For the avoidance of doubt there is no action required by shareholders in connection with the Tender Offer until the circular has been mailed. The above comes from the company website Q&A - link : http://www.seaenergy-plc.com/faq.html#dividend

Fraser, I note on our results we don't at the moment put any value on Crater. Currently GOA say they are focussed on the 'Main Zone' within the Nevara Prospect. GOA put the possibilities up to 5Moz Au over the Nevara Prospect alone. We have stated 'we now have an 8% share of this project and a "free carry" through to completion of a bankable feasibility study on potential developments'. Does our 8% extend over the entire Crater area that GOA are exploring, i.e the whole of the Nevara Prospect and the 3 other Prospects they mention? With the exploration results that GOA are hoping for, we should see some good value here if they prove up. Regards, xxxx I included :From GOA: ' GOA has commissioned Alpha Securities Research Report on Gold Anomaly Limited. This gives detailed analysis on Crater Mountain (8% TPJ, 2% Celtic, 90% GOA). Highlights: 'Exploration is currently focused on one of four prospects in the180m2 Crater Mountain leases, the Nevera Prospect, which GOA considers holds a substantial gold deposit. Drilling to date has focused on an area known as the Main Zone (600m x 150m x 150m), with recent drilling encountering copper-gold mineralisation. Within the Nevera Prospect alone, GOA’s conceptual target (subject to further drilling) is between 1-5Moz Au, as the deposit is expected to be open laterally, with only a small area of the deposit explored to date.' He replied, immediately : Good morning xxxx, I confirm that our carried 8% does apply to all of the ground/licenses including the most recently announced adjoining property. I read the report and it tells me nothing more than we already know and reflects their position and essential and continuing 'promote stance'. The grades are low and the relevant intersections deep. It is not commercially viable I would suggest. It should also be looked at in conjunction with their available funds, see their announcement "up to" $7.6 million...... We know that they have taken down the first tranche ~$1.6 million which I anticipate has largely been eaten into and there is no detail of the conditions precedent for the remaining tranches, only a note that they will require shareholder approval for tranche 2. I do not believe that we will see much drilling in the short term however we of course are hoping that a new drill program will be effected as soon as possible and that they find something meaningful for the benefit of us both. If you want to discuss further please don't hesitate to call - 07775-693237. Best Fraser He's very open and gives a quick response to anyone's questions. However, quite disparaging about Gold Anomaly's prospects (and therefore ours), yet remaining hopeful. We're certainly not trying to help GOA make any progress, more let's sit back and watch them wallow.

1,800,000 shares issued for employee Chris Goss - he will only benefit if the sp goes above 4p although the timescale on the sp reaching this price is not given. This employee incentivising is similar to that announced in the 31 Jan 2012 RNS (see hurdle prices in that RNS) This is according to info I got from finnCap Ltd 020 7220 0500 Matthew Robinson

Gotta give the new team a good chance. The old one was digging out gold at a loss. The shares were issued @ 3.9p and warrants exercisable @ 12p. what's not to like? Gotta hold for another 6 months minimum, and it shouldn't really matter where this goes on paper in the meantime. Buying opportunity if it slips(not for me I've no cash) IMO