Member Info for quindell

Only want to know so I have an idea of how much leverage we will have post acquisition.

I would appreciate if all could contribute and let us know your current holding, no matter how big or small so we can have an idea about how much leverage we have in STGR at present. Thank you in advance.

Well he is already currently company secretary, but I'm pretty sure has taken up this role to get more involved in the process, as I do feel there will be a fundraise to bolster our position prior to the RTO. This fundraising is likely to be at a premium to the current share price (1-1.25p) as the tranche 1 payments for signature will be £5.5m at 2p, so I can't imagine the fundraising being at a significant discount to this price as it will surely disgruntle the current signature shareholders.

Bit lazy of you monkey, why not drop him a call/email

Been updated on the progress?

You called this one well YA, I sold out for a small profit in the mid 70's mainly when seeing the ii offloading shares and trusting my gut instinct.

Wow thats absolutely shocking news Richard, may he rest in peace. I'm very very sad to hear that.

You still in here buddy?

Those aren't buys just to clarify, looks like a Bed & Isa to me.

As I said previously this always comes crashing back down

As I said previously this always comes cashing back down

Tell that to Solg and many many others.....

A lot of background selling as per usual

Was getting quotes a few weeks ago for 500k at 1.03p, should have trusted my instinct on this one because every so often this one spikes! Well done all those who got in, but what goes up (in PML's case) always comes back down

Its the placing shares overhang that is keeping this down, there have been tranche sells of 250,000 500,000 & 1m shares being offloaded which is keeping the price down, and no doubt we will see more delayed sells next week. You have been unable to sell any more then 10,000 shares at the 0.95 bid so there is a lot of background selling going on. I expect this to continue for the next few weeks/months.

Likely to be several months in my opinion, I'm not bothered anyway if the RTO goes through we will have a portfolio of gold tenements in a proven jurisdiction and we had first movers advantage with regards to IRGS, If you check out the credentials of the members of Signature its astonishing, every aspect from resource, to funding to development has been tried and tested. These are massive multi million ounce targets that will take us to a pricing point at many multiples of our current share price, just remember Signature holders will be given shares in STGR using a valuation of 2p per share and not the current SP of 1-1.25p which really does minimise dilution for what we are getting. Don't forget this share based acquisition does show they have belief in the future prospects of our STGR listing. We already have cash in the bank and are due another payment next month from Bass, so we will only need a smallish equity raising to fully fund the option agreement AND the RTO of signature gold. Win Win situation, the only negative posters at the moment are those that have bashed this share over the years and those that want to be invested here at a real turning point for the company.

The 1.5M JORC resource you mentioned was an option agreement that Signature has, and in my opinion we will also be acquiring that asset to add to the portfolio. Our potential tenements in Australia are literally next to big boys Gold Fields and next to the giant Mount Morgan deposit. Im very optimistic for the future here :-) I did say this would be very similar to the Project Icewine's affect on Tangiers Petroleum, and we could very easily follow suit of Solomon gold. Fingers crossed this RTO goes through, everyone will be scrambling to get on, and remember Tranche 2 payment will ONLY be given to shareholders of Tranche 1 who are still shareholders, so we are building a very stable group of core shareholders, and this drop in share price has been beneficial in a way as the weak holders have been weeded out as such!

This is fantastic news, Signature's portfolio is very very exciting with multi million ounce gold potential in a safe jurisdiction. Share based acquisition, with the majority at 2p per share which is a massive premium to the current share price of 1-1.2p! Well done all those who kept the faith for the past few tough months.

Indeed, we need a greater proportion of higher quality stones, at present 1% will not sustain our operations. We need to look to other markets to wholesale our low grade rough material at better prices, partnering with the Thai's is a step in the right direction as they know exactly what they are doing. It might be worthwhile branching into the indian rough market, as the demand for lower quality stones in higher volumes there could be good for us. Taking a 25% + loss per quarter cannot be maintained and this needs to be addressed urgently, I am however very optimistic that once we get things right and reach that breakeven point we can easily transform into a £50M + MCAP company that will be swallowed up by Gemfields to add to their portfolio. Ethically sourced, traceable stones are what is in demand at the moment.

I agree with you, Brett does seem to be a man with a plan and there does seem to be some good plays in Australian gold with it being a safe jurisdiction. Corporate costs are being kept to a minimum, this reminds me of Tangiers Petroleum after they got Project Icewine and changed their name to 88E, if we get a gold asset with a multi-million ounce potential we could be in the money. This will all be built on sentiment post acquisition and the proportion of cash/shares used in the acquisition is vital - if this is predicamentally share based it speaks volume for the future direction of the company.