TassOil
21 Nov 2014
Share Price once again MM just drop the price for no good reason, other than to rob poor PI's of their GOLD. Then push up the price again to make them feel even worse. You have to get your head around how much Gold they have found and its a lot. Don't just look at the share price, as this will go up and down.When the independent report comes out soon, the chance of them doubling the discovery will be great, as most companies put a rough estimate on the discovery, which is much lower than what they actual have. Read any report and you will find that after its independently verified the discovery is always much bigger.The SP is still very low, with this discovery, the SP should be a minimum 1.5p to 2p
guru310
21 Nov 2014
Re: 1p today We have potential gold of about 500k ounces worth $600 million USD to us before extraction costs. The mine is in Wales and ready to go in production. That alone should be valued at around £30-40 million right now. I will revise my target upwards to 4-6p minimum in the very short term.
ybhere
21 Nov 2014
Re: 1p today Thanks YoungBaz (YB)You're perfectly right, bit of an oversight on my part.Compared with some other companies, the total shares in issue is not a vast amount so hopefully we could be in for an exciting ride, upwards. A good assay report and a good flow report could see us on our way.Good luck YB.YB
dwiggy
21 Nov 2014
Re: stg P.S no buy rec from me, please sell so I can grab more on the cheap!
dwiggy
20 Nov 2014
Re: stg The more I research on this the more I'm liking it, this indeed i's looking huge, the only reason they stopped mining this in the past was because because Gold at the time was around $450 an ounce (i.e. uneconomical at the time), where as now its well over double that and not a chance it would fall anywhere as close as that level so whatever they find is highly economical now, the other reason was diminishing quantities of welsh gold which now falls down to this survey to sure up the extent of the resource potential, once confirmed, the price would be stratospheric though there already talking about 250,000 - 500,000 so bodes very well for good results and not long to wait!.........Cracking experienced board members both on GMOW and STG side (GM at GMOW having worked at Rio Tinto and Anglo-American in Africa) and of course amazing grades thus far, I don't think I've ever seen any as good. Gonna be a gripping week for this one!
background trader
20 Nov 2014
Telegraph take on todays Clogau news. [link]
YoungBaz
20 Nov 2014
Re: 1p today Sorry YB (and this is another YB speaking!) ...But your shareholder analysis is wrong in one respect that I am aware of.JIM Nominees is Jarvis Investment Management Nominees, which is the vehicle through which the holdings of all ordinary PIs (myself included) who use Jarvis or Share deal Active to trade their shares will be held - it's just a nominee acount as the name implies. So there's 18.5% of the market cap that is in fact in totally free float.I'm sure the same applies to some of the other nominee accounts you've listed. Google the names and you will see - just Pis who don't have their shareholdings registered direct with the companies - it eases online dealing.
Newapple
20 Nov 2014
stg All in the price now but these are big trades reported after hours19-Nov-1412
3:230.4812,712,500Sell* 0.700.8061.02kO 20-Nov-1408:23:560.8155,000,000Buy* 0.700.8040.75kO
TassOil
20 Nov 2014
Re: 1p today Good research ybhere, 750 million shares or 284 million shares is nothing at these low prices. They will be cleaned up quickly, once further news is released."Stellar Resources looks forward to reporting the results of the independent geological survey over the Dolgellau Gold Belt and the commissioning of the pilot processing plant over the coming weeks."
ybhere
20 Nov 2014
Re: 1p today Looking at the Stellar Resources website, the Financial Report for year ending 31/12/13 published 6 months later in June 2014, it shows :-Substantial ShareholdingAs at 27 June 2014, the Company had been notified of the following substantial shareholdings in the ordinaryshare capital, over 3%;Number of ordinaryshares %Portmann Finances SA 157,000,000 21.32JIM Nominees Limited 135,987,993 18.46Beaufort Nominees Limited 40,070,433 5.44Brewin Nominees (Channel Islands) Limited 39,793,293 5.40Ferlim Nominees Limited 36,500,000 4.96Redmayne (Nominees) Limited 32,800,000 4.45JM Finn Nominees Limited 24,375,000 3.31Totalling that lot up amounts to approx. 466m shares or 62% of total shares 749.55 in Issue.If my calculations are correct, that only leaves 284m shares approx., not a vast amount available for investors, and I've got my wedge. YB
TassOil
20 Nov 2014
1p today Looks like the pressure is back on. If we continue this way we could break 1p today. I think a huge surge is going to be imminent.55 million buys and 33 million sells. MM will need PI's to sell soon.Gold is the new oil. Gold price up and oil price down.
paf57
20 Nov 2014
Buy re retrace This isn,t just gold, it's "designer gold" very much favoured by middle eastern and Indian upper classes. They will pay a massive premium for this stuff and it will not be particularly succeptable to fluctuations in the price of normal gold
TassOil
20 Nov 2014
Re: Retrace Totally agree, today STG should have easily broken the 1p barrier, this is just the initial results. There will be plenty more gold in the same area.Should break the 2p barrier in a couple of weeks, when more news will be released.
guru310
20 Nov 2014
Re: Retrace 2p with in days is more realistic. More good news to come on the gold front within a few days plus kimmeridge. the gold alone is worth atleast 30 million compared to current market value of 6.at present. the price really should be a conservative 5 times above from present. It will be getting there very soon. GLA and accumulate.
oohthatscheep
20 Nov 2014
Re: Retrace too late for fitbug
