Random thoughts., page-157

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Plext

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18/06/17

00:11

Post #: 25338432
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Originally posted by BarralScraper ↑

ok, I will regurgitate this thread cos it good place to land my thoughts...
maybe I should have called it drunken thoughts.. but most is thought in a sober state - just written in a drunken one, and the spelling is cos I on a mobile and have fat thumbs...so I can spell fine.. just my typing lets me down.
But I digress, so if your attention is still held - get another load of BS from BS.

SOLG: the last play in my DGR investment strategy..
collects what ? 38 New tenements ? BS nearly sold out on that !!!
why ?
Cos it looked like ol nick was up to his old tricks - " woo hoo says nick - this baby is worth heeps (SOLG) lets take all the capital from SOLG and make it bigger - forget the shareholders who want a penny - we can use the proceeds from SOLG to fund another 38 effectively new companies !! lets grow and grow and grow and never return a penny, cos it doeasnt bother me - I get fistfuls from dirctorships and blah blah blah..."
- It is kind of like having harem but in another country and you never get to see them... whats the use or point of paying for that ?

BUt here is why I am happy not to have closed my position - Newcrest have stumped up and are prepared to pay the bill this time - not DGR !!
sure we get little dilution - but now instead of whatever % we had in cascabel - we have A little less percentage in 39 possibly world class porphyry's..

I believe what we got exposure to, vs the dilution, is well in DGR favour - thank you NCM !!

Further - I want to re iterate - I do not believe the SOLG SP is driven by drill results - it is driven by corporate activity - and if the dealings fo the last week does not convince you of that - there is nothing I can do but agree to differ.

IF, we got some drill results and the price went up a penny or two - I would agree - but it does not - it has kid of gradually grown - and I think more in anticipation of corporate ctivity based on good results than the result themselves.. hence the sp plummeting as the insiders found out a dilution/CR/NCM investment came to the fore... funnily enough, we settle at what a corporate is prepared to pay... point and case..
IMO.
GLTAH, this roller coaster ride aint over yet.
And I still hold at this poiunt, until the JORC is out at least - cos it looks like the SOLG business plan is a long term constantly evolving one - maybe cascabel gets sold to BHP.. leaves NCM and SOLG with 38 apparently viable prospects to explore exploit...
not the end of the world...
Sentiment not changed,,, BUY

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I agree with your tone and it's pronouncement, the fact the market or those that "B" have not let this run to half it's NTA is a sure sign something isn't right about DGR IMO . I've sold out 2b free carried and will watch what happens on the global exchange hoping some of the gains finally flow back to DGR.

Will still buy the dips when they appear though !

Last edited by Plext: 18/06/17

DGR Price at posting: 12.0¢ Sentiment: None Disclosure: Held
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Random thoughts., page-157

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