Member Info for Strider4

It's a pretty straight-forward question Alfa:

"Has he been categorically clear that there is zero chance of dilution to fund the significant CAPEX requirement this year?"

Nick, today he was talking about the JSE listing only, wrt to dilution. Has he been categorically clear that there is zero chance of dilution to fund the significant CAPEX requirement this year?

Nick, you must have an endless pot of money! You're always there buying the dips in large quantities, never selling...you must be approaching another reporting threshold if your stake is ever growing?

So there's more than enough cash to both fund the listing on JSE and all of the CAPEX requirement for this year?

Ok CGW, I've located Chartist's post:

"Okay, so where are we??
In my opinion the technical front shows first signs of a decent "bottom out" pattern, with repeated test of 37ish".

Agree that 37p is a support level. Disagree that there is any sort of bottom formation. The price pattern is bearish.

"Slowly BMN might be preparing a new uptrend, thats as long as 37.10 or at least 36.50 are maintained (closing price). The former three months bearish trend comes to an end."

Clearly, if support fails then the share price is likely to go lower, at least over a few days to a week, if not longer. If it holds, it does not necessarily mean that it's on wards and upwards. It may mean the continuation of a trading range for a while, or yes it could mean the resumption of the uptrend. It's impossible to predict that at this juncture.

"First new sign of life here as soon as 39.50 are climbed". Perhaps, but we saw 39.5p climbed last time...so impossible to tell at this point.

"Real buying could start from 40.20". Perhaps.

"Large buyers sitting at around 43.10, waiting to trigger". Is that based on L2? Haven't looked so can't comment. Doubt that large buyers will pile in at that fine margin - I think they might wait (if they are breakout traders), for a more significant break.

CGW - I don't follow this board religiously, so haven't seen anything from him. What has Chartist been saying?

Ophidian - no need for me to filter you. It was an interesting theory - I had a look at the details and found it to be wanting. I take it you have nothing further to back it up?

Ophidian, sorry to say but your analysis doesn't carry much predictive power.

The 8th of March - the 20 and 50 day EMA had been dancing around each other for months. Doesn't count
28th June - yes they touched. And?
10th Sept - yes they touched. And?

Now - yes they are touching. And?

What you are basically describing is an "oversold" condition in an uptrend. Clearly, hindsight shows that the uptrend was truly in tact in June and September. Is the uptrend still in tact now? I certainly wouldn't base my conclusions on the 20/50 EMA theory.

Ah yes - there you go. JerryS had laid it out nice and simple for you KB007. Take your time.

KB007 - cannot believe that not only can't you read, but you can't follow the basic calcs I presented, and neither can the six others who recommended your post...LOL.

KB007 - Can't you read?

Nobody said 23% of SOLG (well I said it originally, then immediately corrected it in the very next post).

Of course, that reminds me - by buying Cornerstone all you get is Cascabel via the ENSA bit of it (well a bit of it; jury's out on that 15% claim on BN...we'll see. Hope Cornerstone is cashed up to pay the lawyers' fees...).

In these kind of takeover situations, the bidders like to see plenty of upside potential. There is NONE with Cornerstone, aprt from their SOLG shares (and loyal CGP holders can tell me how this and that other project is amazing but I'm not interested - do they have another Alpala in their portfolio? Highly doubt it - so the rest is chicken feed). Whereas SOLG could quite possibly have another 2 or 3 Alpalas up their sleeve. The majors know it.

Earthling - 23% of ENSA. 15% straightup and 8% via their SOLG shares.

MattJ - unless Chris Temple has the inside track, which clearly he does not, then his statement about the PEA being mid-year is yet another error in a catalogue of them. Who is this guy anyway and why does he have people's ears? He seems unprofessional to say the least.

Correction - 23% of ENSA.

Addicknt, hope you are right. It's not a move that NM has plucked out of the air on a whim one morning. This has been planned.

If Cornerstone get taken out then the bidder will have 23% of SOLG. That's a huge whack - it's not a taster 5 or 10%. So, when Cornerstone goes, corporate activity qith respect to SOLG ,of one kind (takeover) or another (partial sale/JV - yes he said he wouldn't but if the terms are great?!), won't be far behind.

Tipsa, well there you go then - Chris Temple needs to drop all this c r p about Cornerstone discovering it. They didn't - they bought a concession on the cheap and sold on 85% for someone else to explore. It could easily have been a dud, as far as they were concerned. It's so sad - they would have washed their hands of it happily if it had turned out to be mediocre...now that it's actually something good they are trying to extract their pound of flesh. Bunch of holes.

Owhata - seems like their business model is a tad flawed then if they're giving away 85% of one of the best finds in a decade for a song...

Thanks Monte - you mean the one about Schlem? Only joking...

Q, presumably because they think he's a bell end? There are half a dozen incorrect/misleading statements in his article (those are just ones I picked out as a layman), it's heavily biased towards Cornerstone (presumably he holds shares there) and he is pretty scathing of Nick.