Member Info for Strider4

Price is right on the rising trendline. I've got 3 more potential top ups spare, of my original planned total investment. If the price goes stupidly low I'll call in the re-inforcements!

FR, Ok I buy that. And it looks like a very reasonable time period for a larger scale cup and handle - now let's see that handle continue to form.

Fair enough - truce.

FR, are you looking at the cup and handle on the weeklies, left side back in 2010? If so, I would have said the recent spike pretty much completed it - I find it a bit of stretch though to bring in data from 2010 for anything other than major S/R levels.

Or are you talking about the left side in May last year? That I find much more credible, with the formation of the handle in progress. If we do see that formation we should hopefully be in for a very tasty rise above 45p.

Orchard, like you care about the "many like me" bit - transparent. Been here since 2013 and haven't got anything interesting to say wrt to SOLG - who's a bit of bore now? Your glass is half full - well that's great for you, but not sure how it's relevant and not sure I give a d. Glad to hear you have a set of balls, or is it just that you 're a classic AIM investor that put in way too much into a single share, but you happened to get lucky, while many another gets seriously burnt. And now it's gone to your head. If by "it's a BB" you mean that you are fre to post what you like (Within reason) - that's right you can. And guess what, so can I. And by the way I can see why you only post now and again. Best keep it that way hey.

Nice contribution Orchard. You're getting bored are you? Well why don't you contribute something meaningful to another topic of discussion then.

So you'll be up £735k at 60p will you? Good for you - couldn't care less and I don't see what bearing it has on the dishing out of far too many options at a low strike price. Ah yes, you think just so long as you get yours, you couldn't care less about the rest.

My final word on the options (for a while at least!).

I don't think many on here have a problem with employee options per se, myself included. In fact, I see them as a good thing. What I pees me off a great deal is the ridiculous quantity and the strike price/expiry date (the two are related, as if they had a 1 year expiry, for example, that would be fine and dandy)

Schleimiel, NM may not be a George Clooney but I'd far rather listen to his confident and knowledgable deliveries than the nervous deliveries of the lovely Ms Legge. No doubt about it that she has a pretty face and I'm also fairly certain that will be a primary reason why she holds the post, rather than her presentation ability, for which she is clearly learning on the job.

kcfb - yes I take your point about the 450 RNS. With other companies you do however see sporadic options being exercised from time to time, so there might be annual or bi-annual windows. Perhaps someone on this BB can get clarification from the company?

waksa - no it is you sir who appear to be a trifle dense on this topic. If you are going down the route of true pedantry then yes it is not zero risk to exercise your 28p options when the share price is 39p...but it's as close to zero as you will find in the stock market. Even in the scenario where there is a mass selling frenzy, the price generally (when the share has positive momentum) will only drop to the exercise price, if that. So even in a worst case scenario you will get your money back.

I'm a troll now am I? Classic name-calling reaction from somebody who has just lost a debate and can't bear to be wrong. Take a minute to reflect on that.

Expanding on that, I've no doubt that the expat geos, aside from being handsomely rewarded monetarily for their efforts, are also enjoying being involved in some of the greatest discoveries in recent history - quite frankly it is a geos dream come true.

As for the local geos, same goes for them wrt to job satisfaction. And same also for renumeration. I very much doubt that any of the staff have any complaints whatsoever, and that is saying a lot.

And then on top of that this p take of an options business. No doubt they are all smiling ear to ear. They can start saving up for the big pay day now. While us shareholders in the real world, as Monte pointed out, have to risk it in the stock market, paying the going rate.

As for that essay of a second paragraph I will just say, that is what geos do - it is that simple and it's in the job description.

Wksa - are you having a laugh:

"strider, you are wrong, they are NOT zero risk. What happens to those options exercised recently at 28p, should the share price drop below 28p. STILL "ZERO" risk then?
I'll give you time to think...."

I'll give you time to think about just how thick that paragraph is.

kcfb - they have an "exercise period of 3 years" - that means that they can be exercised at any time in those three years. Ref the recent options being exercised at the end of their life - not sure why. Obviously there has been a period of about 9 months whereby it would have been pointless to exercise them, and it would have taken the full exercise period to garner that kind of cash to exercise them in any event - perhaps when it was up at 40p and Newcrest was upping their stake they thought there was no particular hurry. They were right, if so, as here we are 1 and a half year's later.

Now all that is conjecture. The point is that these would have to be a very "special" type of option if they can't be converted before the expiry date.

Waksay - ref your point no.1. I believe many on here have understood only too well how options work. They are a ZERO risk way (when they are dished out for free) to participate in the stock market.

Ref your point 2 - yes maybe they didn't get a chance to buy at 21p. But guess what they had a chance to exercise 28 MILLION options just last week at 28p, when guess what the share price is at 39p. Now tell me that isn't a sweet deal. And then a week goes by and they've not dished out 28 million this time. No, it was so popular with the staff, I can't think why, that they've pushed the boat out and given 80 million. Oh it's at 60p though - ah yes that's tough, so I'll tell you what let's whack on a 3 year expiry date, to take the royal proverbial.

kcfb - that's not the way options work. You can elect to convert then at any time. The 3 year strike just means they ahve a ridiculously long time to allow the price to appreciate above the strike level. If it does they are laughing all the way to the bank and if it doesn't it's no skin off their back.

Scrat, I don't buy that corporate bull cacka. All of the Ecuadorian geos will already be getting excellent salaries and benefits, by local standards. And the expats will be minting it too. Just because they work for a successful company, they are now entitled to a ridiculously low risk way to massively profit from any appreciation in the share price? No way.

No, no, no - how can people possibly be saying that these options are ok. They are not. A 60p strike price with a 3 year sell by date? Come on - who is going to be happy if this just about hits 60p in 3 years' time.

I imagine most people's expectations are in the range £1++ for a 3 year time horizon. And at those prices the 60p options are sickening. As for the directors awarding themselves even more options at 60p at the next AGM - stop robbing the shareholders. The strike price should be AT LEAST 80p.

I'm pretty negative about this morning's options, and the fact that they are going to try and pass some more directors' options at the AGM. My little vote will be cast against.

NM has dished them out like confetti, at no cost to himself, and at cost to us, the shareholders. Yes, yes he's a shareholder too, but ref upcoming directors' options...

DBW - yes I thought the same. Visualize that in 3D and it looks plenty more than double the current resource...