Member Info for theiceberg

You really should re-read your post zzz.

We just need to hear that regional work has started again and then get regular news from that. We can ignore the placing ..24p should be a low and copper is continue to improve slowly to just shy of 2.50 how.I won't talk about any other companies but there are a few important lessons, if people feel the need the defend a company on other boards, if you can't answer basic questions, if you can't try and understand other points, if your can't distinguish between pounds, Canadian dollars, US dollars and Aus dollars. If the blinkers are on Then you have a problem.I try to be understanding of all points positive and negative for solg. I don't for a second think that broker forecast are realistic .I do think we should compare solg to other companies and to cascabel to how other projects have been handled in the past. We have only last month a valuation given to us by Franco with good hard cash, which is far higher than were we are now.We have share options expiring next month and the month after which equally a sizable % of the company.

Bandit.

Simples.. As lots of time of asking without any response.
Name a company that has a small minority which has been paid the mcap of ggp?
Are you seriously saying that the current value of hav is worth more than lundin.?
Ggp gave away 70% for 50m and then expect 400m+ for the remaining 30% does that make sense?

It's a story I've seen countless times on aim, it never ends well .
Happy for folks to reply but it's solg so I won't be responding

Another way of looking at it is that ggps hav as a pro rata amt of resources (1.6bn value) is worth the same as lundin the entire company with millions of ounces, world class gold grades and cost per oz that newcrest could only dream of and they already make money.
Geology is a bit more complicated than axbxc. It's why we have mineral resources and do drilling.

Ggp 400m mcap..it's other projects vtem allowed etc probably 30m atm.
They own 25% so that currently values the project at 1.5bn. Given that according to citi. It's a tier 2 stop gap project for newcrest. That's 1.5bn valuation at current prices for a tier 2 stop gap project with no current resource or FS.
So newcrest gained at 1.1bn project for a 55m project spend.
There are lots of ifs and buts, it might be bigger, it might be smaller, a minority share holding is never equal a majority pro rata.
But t hats the current price value...
Personally I have never seen a resource ever reach this and can't see how this would even be a fair value.
We've seen this kind of market madness many times on AIM and it never ends well.
What's worse are experienced folks making half true comments to try and lull novice investors in at this value.

're solg today Was pretty well written in the cards..solg BOD need to release news. Regional exploration, CGP (which is up again), firm drill plans something to fill the gap to PFS.

I agree the ask has been stack with 500k at around 27 all day.

2.2m traded after 16.30 today isn't that boring ;)

1.5m booked in the end...somebody knows something but what?

It's still tingling while I type but F me there are a lot of shares. Between 2-3m on both sides ...not that much will book but explains the price and lack of movement.

DC also made it sound like a farmer and a farmer's small bare cottage...his father in law is gentry and the cottage was a lodge which DC and his wife actually own i.e a second home not just an empty random building.
But let's leave it there..

Up nearly 20% and the highest trading volume for six months.

Northern rock's problem wasn't so much it's tier 1 but that it was built on lies and deceit. They kept insisting that they had a tier 1 that was higher but kept lots of things in the closet. It was a vast fraud.

Mr interest. I helped implement Basel 1 and 2. What about 2 was much worse than 1?

're Gordon he was a clown but did one thing that was excellent..on the Friday it all happened, hsbc and Barclays stopped receiving money from Lloyds hbos and RBS. By 12.00 alarm bells were ringing as positions had become huge , billions ..
They refused to return any calls to hsbc and barc. By 13.30 the conference calls with the BofE was alarming...Brown had 1 hr to make a decision as at 14.30 hsbc and barc said they would stop all payments inc customer payments i.e no paying at shops petrol stations. .Brown did in that hour agree to cover any positions and the money flowed until the weekend..
There was no desire to bail out the banks, but it needed doing and a decision in that 1 he period..he made the right decision.

Quady I agree with a lot of what you say here..but I was in charge of the tier 1 account for one of the big banks. It never went below 5.2% and can't remember any of them going much below 5% and Basel 2 wasn't per se the problem..it just wasn't the solution it should have been. It should have (even at 5-7%) given the reserves needed..
The problem was what was accepted as tier 1. Tier 1 had to be in measured at midnight each day...so banks often used some interesting techniques to achieve this.
We also had exposure information that wasn't accurate.ie if your cdo is 90% collateralized then you exposure is only 10% and your tier 1 is just based on the 10%. The problem is that your collateralized rate has been guaranteed by Goldman so wasn't accurate.
Your right that the banks knew what was happening but the regulators were mainly people in their 20s with 2-3 years experience. I met a lot of them, they were utter folks and only in place for 6 months so never really knew what they were doing.
Basel 2 wasn't bad it just needed to be strictly enforced by experienced people who knew what they were doing

Sorry should be last 24 hours.

We've had a bit of silly season here in the next 24hrs. Maybe it's the sun who knows. Through April and May we had a fair gallop on its now a case on waiting a small amount of time for regionals, pfs work, possible news of CGP or on mine build finance or even the surprise of a takeover attempt.
There isn't any need for anything underhand or strange .

My advice fwiw but Lloyds is a nightmare...the downturn in the UK hasn't even started yet...
We still have mortgage windows, 80% pay for doing nothing...a lot of folks will lose their jobs and won't be able to pay over the top mortgages overdrafts loans etc.
The protection blanket is on atm.

Maybe meant for me, maybe a joke, ha !
Magnetic anomalies are 2 a penny.
It's what they contain that's important just for balance solg have many more interesting anomalies than ggp.
Best leave the solg board for solg.
Interesting first few mins on cgp,

Rio down
BHP flat
Solg flat

A quick update..the 100-200k that has been sat on the ask at 3p isn't showing again today (only 7.5k up to 3.5p)...it kind of points to a UK cgp sell or cap in place.

I agree copper and this is from a cgp shareholder..CGP cannot legally get any royalty smelter % etc. It doesn't own or control the mining mine only ensa does and this is controlled and majority owned by solg...CGP only have shares in ENSA. It only gets a profit from ensa when it decides to pay one. The only option for CGP if it wants to take it production is debt.
CGP have stated (this month) it wont.
It is looking to sell its ENSA holding or take it down to a none contributory ie a 1% royalty.
I spent around 3-4 hrs trying to understand CGPs poison pill it issued last year. Its not actually that bad and I've made sure I have the cash to gain any of the rights that might trigger. I am happy for the shares to stay low due to the 20day vwap.
CGP will be sorted very soon though and this is from both parties imo.