Member Info for Sageman

MAO3 we are both right. The total being spent is 750m. They spent 175m and stopped buying. On 20/11/18 they announced the next 200m wave of purchases. My wording was clumsy I meant additional to the 175m . My point though is I have never before known exactly when and how much an institution would be buying in advance.

MAO3 You need to read the RNS of 20/11/18. The £200m is a new additional repurchase program.

Penguins rather than bore the pants off everyone about the difference between shares and options (yawn) the question should be does SS have a financial interest in the sp rising? Whether you hold shares or options the answer is yes. The big question is just how commercial this is and for that we await RNS confirmation. It is not enough just to say it is commercial , given the market cap. We need detail of cash flow and profits over the next 5-10 years so that professionals can arrive at a value. I believe that the BOD know this and are waiting to be in a position to provide the required information. In the meantime pretty much the only worthwhile thing here is evidence of oil from tankers the rest is simply rampers vs trolls. The reality is no one "knows" until we get the figures which is why the potential for loss and gain is so high. I remain comfortable with that.

I refer to my post of 14/12/18. I have never before had prior knowledge that an institution would be buying £200m of shares over a 3 month period. It would be insider trading had SLA not announced it. You get an RNS every day showing relentless buying. It is impossible to short, the chart is strong with the 200 day moving average of 310 likely to be tested this quarter. The sp even rose through December as the FTSE100 fell and this has a strong dividend yield too.

The last set of accounts published in April for period to 30/9/17 listed salary as £240,000 and total £466,000 worth of share based options in lieu of salary for SS issued over 2 years. Certain posters here want to split hairs to try to show their IQ is positive but there is one big material point as follows. SS has a bigger interest in seeing this Sp rise probably than any poster here end of , so let’s move on! His interests lie in getting the Sp to rise. I also want the Sp to rise as do shareholders. The fact that we both want the same thing is good enough for me. If he just got a big salary and didn’t want the Sp to rise it would be a different matter.

Clary your posts reveal you to be a pretty low budget type of person deliberately trying to annoy so I doubt anyone would pay you £240k pa. We know our ceo has skin in the gain via his options which he took in lieu of a higher salary. You may not have noticed but patience is wearing a little thin as we await the RNS so this is not a good time to wind people up as I fear that you may find yourself subject to high level abuse. People are nursing paper loses and await the RNS’s that for some might be life changing. If you wish to short be my guest as it will not change the Sp direction if the RNS contains what we are hoping for , in the meantime.....

Hi GK and PAA just to say thank you for taking time to reply to my question in such depth.

Hi Never, My point is mainly that I do not want to be seen as a hypocrite. I have said some extremely negative things about DW in the past and yet I am now positive about the Sp. I said several months ago that I was confident that I would get out unscathed and perhaps in profit but that is because of the potential of 88e and the cyclical nature of the Sp. It has nothing to do with DW. Aim is littered with serial failures who are good at raising money for their own life style at the expense of PI’s. I would love to be wrong about DW and have several million shares here but I remain highly sceptical of his motives but open mineded enough to readily admit I was wrong if he makes this commercially viable.

Phon and Brom, respect but DW lost mine last year when we were testing IW2. The Sp was at 2.8p and he did a placing at 2.1p. Pragmatic ? Perhaps. Or did he actually know! Why do you really think that the recent “ discounted” placing went through PI’s? It is not just me that does not trust DW which is why PI’s did not take up their allocations. DW has lost the trust of both institutions and PI’s alike. His talk of creaming the curve is actually an insult . He is fortunate that 88e has such fantastic potential. I would rather have a hamster in charge at least the decisions may then be taken by competent third parties.

I will just say that whilst I have high hopes that we will see the Sp higher in the coming months ( per previous years) I have an extremely low opinion of DW. He is a specialist in delay, excuses , failure and placings. Fortunately 88e has great potential so fingers crossed for a positive 2019. I would love DW to prove me wrong.

Hi Lefkosia happy new year to you. I have always had great respect for your posts and believe that you are most unjustly maligned. LTH’s dislike traders but actually if they thought about it and they were genuine LTH’s they would realise that traders make little difference to the eventual outcome because if 88e strike it big the Sp will soar anyway. In the meantime I am massively reassured that you are back invested and like me expecting the Sp to rise strongly in the coming months.

Hi our friendly aviator. Thank you for your thoughts. They are very similar to my own but my preference was to say little myself as I was interested in the thoughts of others. Hopefully GK will have similar views too. I guess I thought that I my have missed something with certain posters suggesting that SXX are ahead of target. Happy new year.

Hi Gk , I have always respected your knowledge and wondered what your view was regarding the October presentation slide 7? Specifically regarding the MTS progress. I note that the tunnel diameter has been increased from 4.3m to 4.9m and the advance rate reduced from 25m per day to 17m per day. Is this the primary driver for the cost increase and do you believe that this will impact on timescales for delivery of first product? There have been recent comments on this board regarding being ahead of schedule and much depends on the critical timing of various parts of the project. The delay to the MTS is only truly critical if it impacts on the overall project delivery time ( critical path analysis). I welcome any guidance you can give.

Deejay, reading your post I get the feeling that this is a small part of your overall pension so I will spare you the talk about diversification and wish you very good luck. SXX is high risk but as long as the build does not lead to massive dilution the rewards for shareholders long term could be stellar.

Hi Chaebol, I don’t disagree with your overall thinking. My apologies for not being clearer regarding the trade war with the US. Yes it is impacting global stock markets but also demand in general ( similar to Brexit in the U.K.). The impact on demand impacts usage of commodities ( specifically zinc) which in turn impacts on the zinc price and GFM. profits and therefore the Sp. All the best Sage.

For what it is worth, given the dividend and the coming end of PPI I think that the Sp here is ridiculous along with a number of other banks. Yes Brexit is negative but markets are nearly pricing in financial ruin. My chart suggests that 48p is the absolute bottom. In recent days I have bought in fairly heavy at an average of 50.5p. Irrespective of short term movements as a long term investment ( as opposed to a punt) this stock at this price represents excellent value IMHO.

Hi Uncle B, happy new year to you too. Interesting markets out there currently! Lots of irrational sentiment at work creating bargains but at the same time US trade war can’t be ignored as Apple has discovered and Brexit is just a mess. I can’t help but believe that the Sp of GFM is being impacted by the trade war. I am very heavy in cash buying all sorts of shares , but in small nibbles. Just as well really because my last 3 GFM purchases were at a 90p average ( I am buying back stock sold at higher prices). Since only a liar always buys at the bottom I will continue to acquire good companies in tranches now at substantial discounts. Very tough market!

Hi Skolopolis, I would pretty much agree with all of your post. The focus is very much on zinc but you are right to point out that gold has been robust. Most of GFM’s costs are in Chinese currency but commodities are priced in $ and the $ has been strong. I look forward to the results and to fair value being achieved/ exceeded.

Mike, I have no issues with your post. You are 100% accurate no one should be trusted on these boards.

Hi Never, I always expected to escape from this share unscathed since my B/E is under 2p and the cycle is fairly predictable. Let’s be positive perhaps this time DW will surprise us all. As I say there is much potential here which is why I invested.