Gold Juniors

[Daytr]

Don't they still have $800k of that convertible to call on? I can't see them going broke, but you never know I suppose.
What a complete cock up by management, a company that was travelling so well only 6 months ago & just through poor management decisions the SP was destroyed. Teaming up with the likes of Bergen a known predator was also a big mistake. Where was their background checks before entering into a deal with Bergen. It wouldn't have taken much to find out what their track record was. Now perhaps purely by luck than good management you may actually see the company start concentrating on what they are supposed to. They owed 80% of PMR, why on earth they didn't take out the other 20% when they had a healthy SP & raise capital then, oh yeah you would need to have forethought & be looking after shareholders to do something like that...

[JBmurc]

I understood they have a total of 4mill with 1mill used so far Bergen as converted 200k of the 1mill into shares so still have 800k they can convert...basically we won't see much blue sky unless we have some very good results to add HUGE Buying pressure to soak up Bergen and others selling ....more likely we will continue sideways for a LONNNNNNGGGGGGGGGGG time

and the more funds borrow the worst it will be ....Ideally we need a Major parter or existing major interests RAF - HRS 40%+ stake to front with a pile of cash so we can get cracking on the drill front prove up a mega Gold deposit without the plan to sell their stake straight away like Bergen has been doing in turn gifting themselves a bigger slice of the SOC stake as SP heads lower...we could well see SOC use all of the 4mill funds leading to Bergen gaining 50%+ position then doesn't matter even if SOC has great results as we will be well controlled till the likes of Bergen de-invests for a major profits 5-6c TO etc ....this of course is worst case for us suffering S/H's

[Bobcat.]

I've emailed the SOC company secretary to get confirmation that they have funding to continue operations (and from where)....given their statement in their last quarterly report that they needed more to survive this quarter than their end of March cash position would allow.

Still awaiting a reply.

[JBmurc]

And the answer is plan-B ..SPP @ 4c or lower 10 day average ......15k max S/H only as of yesterday ......these guys just can't work it out man .....Wish I never heard of this joke of a Explorer

[Daytr]

I see there has been a low ball take over offer for ROL at 28c. I would imagine they will have to offer a premium to the current offer to succeed.

[JBmurc]

Gold stock picks for 2014. We obviously had a good start yesterday with gold stocks out of the blocks for the 1st trading day of 2014. Long may it continue ! Good luck everyone & happy trading!

Best Stock NZ	Name
SOC	Daytr
OGC	bobcat
PGI	JBMurc
TBR	Lizard
ROL	Joshuatree
GOR	airedale
NCM	Corporate

Right think my pick has gone nowhere as for Daytraders SOC arrrggg .....too bad I loaded up into SOC think ...as a prize for picking SOC Daytr you should buy my 323,000 SOC for 10c

[Bobcat.]

Yes, just what is the prize, Datyr? Rather than a bunch of SOC, how about some RMX bought off a tip that went very south...

..just taking the mickey, mate. I'm actually more bullish on SOC and PGI now than I've ever been...and RMX may yet have some life in it (in spite of some dubious mgmt practices).

Airdale's doing well with GOR - up 200% ! Well done, mate.

[JBmurc]

Yes, just what is the prize, Datyr? Rather than a bunch of SOC, how about some RMX bought off a tip that went very south...

..just taking the mickey, mate. I'm actually more bullish on SOC and PGI now than I've ever been...and RMX may yet have some life in it (in spite of some dubious mgmt practices).

Airdale's doing well with GOR - up 200% ! Well done, mate.

Good BC can you then BUY my SOC rather buy RMS/CVR over SOC

[Bobcat.]

Happy to buy them at 3cps.

I have quite enough already bought at an embarrassingly higher price of &#* per share (darn it, bloody keyboard's malfunctioning again).

[Daytr]

Feel for you JB re SOC, I did warn you about doubling up on these guys. Tend to agree with BC, as now that some of the shenanigans are out of the way they may actually get out & do some drilling . However not sure I could trust management after the last months. GOR has been ripper!