Member Info for Splice

It was kind of weird that they all turned up at once and shilled their case really hard then disappeared. I like hearing bear cases but their content was terrible

One day you will tell your grandkids about the Great Mud Scare of 2023

The alternative is they decide the well cannot be drilled further for the time because the professional drilling team on site are unable to solve this intractable mud problem. Personally, my guess is that this is unlikely.

I'm seriously thinking of doing it as well. The 2023 cash position/ mud scare will probably end up being a great entry point.

Anti ramping message: I am a degenerate gambler and have no geological knowledge at all.

GRH, YOU ABSOLUTE SAVAGE :O

78% increased
22% decreased

Anti ramping message: this has little bearing on the final outcome. None of these people know for sure.

Survey Question:

Did the RNS 'MOU-2 Drilling Update' (25/01/2023) increase our decrease the likelihood of a commercial gas find in MOU-2?

Please complete the survey click here:
https://strawpoll.com/polls/mpnboGM5Gg5

I have good instincts and I think this will be a success. Grf-1 had gas. Mou-1 had gas. And now we may well be closing in on the mou-2 motherload.

Anti ramping message: everything is highly speculative at the moment and nobody knows what the outcome will be including PG, Nige and Graham.

Is it possible PG talks about the results of the *resumed* drill in this meeting or does he need to RNS it?

Chat GPT summary of the OP:

The author of the post is a holder of Polymetal shares and has been following the company for a year. They express frustration that other commenters on the forum have not mentioned an important detail about the company's relationship with Australian Computershare, which is the registrar and depository of Polymetal shares. The author believes that the company will have to end relations with Australian Computershare due to a new embargo on mining companies. They also express concern that the management of the company may prioritize larger shareholders over small shareholders and that small shareholders may lose their rights if the shares are removed from the London Stock Exchange. The author suggests that shareholders should take action, such as starting a petition or trying to get a 1% share in the company, to ensure they are protected if the company changes its domicile.

I'm thinking we need to wait until the presentation to understand all this. Matt thanks for good posts btw, the other content being posted today is drivel.

This is very much in play right now. We are close. Time to tune out the noise.

Are Serica getting a deferred tax asset out of this transaction that makes it make sense or something?

Hi Nige, I used to be a libertarian and still believe in many of the tenants but don't think strict libertarianism could work at all in practice. I think the government has a role but it's much smaller than what we see today.

I agree that we shouldn't marry our investments, it's important to remain open minded and flexible, this is why I like your challenges and information.

I also don't believe in ramping. The problem is I genuinely feel very bullish right now in my gut. If I think I may be going over the top bullish I try to provide the counter argument in the same post.

Had there ever been a meetup? All the big hitters with Graham, Nige, Keith etc

The thing is, I trade on gut. My gut is not screaming at me right now, I feel nothing, maybe just a bit excited for results. Feel I may have missed an opportunity to get in cheaper though but I try not to dwell on that. I have had other situations where I didn't like things and dumped bags immediately, this is not that.

Good stuff Kevin. I have learned from this. Should have gone in more slowly. At my limits for exposure already.

Nige if you sold down, you could actually re-enter now at reduced price. You played well. You slurping the dip?

Hindsight is 20/20. I've come back from far worse than this. Excited still.

There's probably a legitimate trading strategy here:
1. Find onshore driller with prospective resources.
2. Wait for drilling delays near drill (plenty during covid days) that don't affect the target resource
3. Buy bags on delay news and share price dump
4. Participate in results at drastically reduced entry or sell into recovery