Member Info for Strider4

And one final comment for educational purposes only:

1) There is a difference between bragging and defending one's credibility when directly attacked - hope you can see that.

2) People who don't brag fall into two categories: those who are genuinely humble and those who have nothing to brag about. The greater number by far fall in the latter of the two - seems to be where you find yourself too.

I hate to say it but you can't argue with thick. I really thought you were better than this Troajan.

My original post was to state that I thought that a placing was coming. It faced stern resistence - no surprise. Now everyone is agreeing that a placing is a possibility. How have I not won the argument?

Strider out - got other things to do.

Ref my 09:54 mate.

Troajan - I cannot be bothered to reply to that last post of yours - practically every statement is untrue.

"Strider is a pain"

Not really, just winning a debate here. And you Jaf - are you not considered a major pain in the proverbial on here?

Hope my previous post cleared that up. So we're all now agreed that a placing is on the cards?! K3?

Yes, I sold my entire holding of HUM at 36p - not underwater at all - long since gone. I then made a few bob in a short-term bounce trade from 31 to 34p.

Seriously Troajan, I thought you were made of better stuff than this.

Replying to imaginary posters? I believe I have been replying to comments by Langtro and K3. Langtro was trying to imply there was no need for a placing for a number of his posts - then he did a spectacular uturn and stated that he never said that there wouldn't be a placing, despite that fact that all of his arguments were trying to point to that conclusion! K3 was more straightforward and trotted out the party line.

I'm not bragging, merely stating facts as I was goaded into doing by Langtro, who questioned my credibility. Langtro has no answer except to resort to name calling so I will take it that his "successes" have been modest at best - now that's someone who's investment advice I really want to hear.

I read the RNS just fine thanks. Understood that the $3.5million is 3 months of commercial production. So, 4*3.5 is $14 million...

But we've already been told that Q3 is down, so unless they can compensate for it then you can knock that down to $13 million.

BUT that was all at $1310/oz. Now at $1200/oz that profit has to be substantially lower...It knocks $10 million off the top line for a years' work (100kOz).

Which bit do you not believe?

And you forgot to post your success stories...

Langtro - LOL care to post any of your major investing successes to establish your credibility?

Thor - I sold at 1.2p before it hit a low of around 0.8p. It did then got up to 4p, but the clever thing to do would have been to rebuy, not hold on throughout like a LTH.

GLR - I made four times a lot of money on that - do you have any similar successes to boast of?
HUM - with my trades there I'm actually marginally up - I don't hold on to sinking ships. I bought at 32p, 35p, 38p and 39p.

WRES - I made a good whack on the rise up fro 0.3 to 0.42 last year, then got shafted for a smaller amount by MM placing - lesson well learnt. The price subsequently hit a low of 0.32p before it's rise to a high of 0.7p - there were several good opps to buy at 0.4p on the way up which I unfortunately spurned as I suspected another placing - this time MM managed to delay it by a couple of months until the start of April, but as sure as night follows day the placing came.

Since you made it a bit personal, unlike you I don't spend all of my waking hours waiting for the next gardening comment on here.

I check in the board every now and again (obviously more frequently if I have posted), so I'm only carrying it on in response to the comments of others!

You just want the topic to go to bed because it makes you nervous!

Why so low?

Langtro - shot yourself in the foot there:

"No one's said a placing won't come"

MM said a placing won't come and your very own K3VMC has been very aggressive in those assertions too.

So let's see shall we K3.

And everyone is interested in you yacking on are they K3? Here WRES is a year on and guess what, the share price is where it was then. I remember well the chit chat that went on then, and everyone was hanging on MM's assurances that the finance would be wrapped up soon and it would avert the need for a placing. A placing did however come. Then there was another placing in April this year...for group costs and the other projects I believe? Yes that's right. So, if you make the rather huge assumption that La P is fully funded to production without hiccup, the group overheads and other projects still require separate financing = placement. Don't give me pie in the sky about future cash flow averting the need - it will be several months from project completion for it to ramp up to profitability and that's if everything runs smoothly.

But hey ho - from the sounds of it many of you are neck deep in shares here and so only want a rose-tinted point of view. Q K3.

Bla bla bla - like I said, this time last year it was the same old lines from the diehards on here. Yes the company is in a stronger position now but I maintain there is a strong chance that MM will place into any shareprice strength.

Any of you who can't see that have your heads firmly in the sand.

Strider out.

Guys, can't be bothered with this anymore - you've convinced yourselves that a placing won't happen, just like we all did this time last year.

Burn rate is reasonably high (from memory) - I did some calcs a while back based on going through all of the dilution events - not going to delve into my records to fish them out.

Explo is finished is it? What about the other projects in the Wres portfolio? Then there are the standard company overheads (MM's salary etc). Regardless of their exploration status, the other projects will need money to progress them.

Langtro, that last post of yours:
"I could post past dilution fiascos on 100% of any exploration comp on the LSE and be correct"
And? It is MM's repeated slipped timelines and very regular dilutionary events that are without dispute here. And no, not all AIM cos are the same. Some may have the odd hiccup but shareholders generally feel ok - they don't feel like they will be shafted at every opportunity.
"So your assumption on past dilution,is just stating the obvious."
How else are we supposed to base our forecasts?!
"That's how all explos raise funds,you should know that"
Evidently, and?

More or less so langtro. Burn rate is reasonably high, based on previous placing frequencies and amounts. The grant I would imagine has to be used solely for La Parilla, so doesn't count in that regard.

Additionally, there is still a good chance that La P won't come in on budget.

Wouldn't surprise me in the least if MM dilutes into any share price strength. It would actually be a sensible move, but he's overplayed that hand already; investors who have been once burnt should be twice shy if they've any sense.

I think your dividend timeline and percentages are quite reasonable there. Wishful thinking with the placements though :)

K3 - I'm happy to eat humble pie if I'm wrong - it's happened before!

I bet that the HUM shareprice was going to do great things and that AAZ had had its day in October last year...I went onto the AAZ board in Feb or so, and ate the pie. Still, I'll stick my neck out and give the following percentage likelihood for which will happen first:

Placing (90%)
Dividend (10%)

Jeez, KM3C you lost some credibility there:

"More chance of a dividend than a placing"

Right now I really must be going - got plenty of charts to scan.

Popping in for a quick post!

Nero120 - I don't see how you can state that the drop has everything to do with the price of gold. The uncertainty around the situation in Nic is clearly a factor too. They are both important. The difference is that the price of gold has very strong support upwards from 1050, not least because the breakeven for the top 50% of miners is around there. So, realistically there has to be a floor in that region.

The thing about the Nic situation is that IF it does blow up then it will be disastrous for shareholders. So, even if it is quite unlikely to happen, shareholders should be wary of the small possibility of losing everything.