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Golden Star Resources, Ltd. Message Board

anglertrader 16 posts  |  Last Activity: Apr 11, 2015 10:06 PM Member since: Jan 28, 2008
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  • Reply to

    Pro Active

    by puestapete Apr 10, 2015 8:20 AM
    anglertrader anglertrader Apr 11, 2015 10:06 PM Flag

    Ok- So I like to run the numbers, personally, just to try and get things relatively close. There are several things for consideration. First we all know that with the independent calculations, we have an asset valued at about 2.1 Billion. According to yahoo finance, which we all know isn't exactly accurate, we owe around 93 million. I'd say its fair to round that up to about 110 million ( 60 million for the drilling program last year, plus a few extra million from recent notes. Now, forgetting the "cash on hand" and any revenue, we have an outstanding amount of shares at around 400 million conservatively. Keeping things simple. Let's say that we take the value proposed at 2 Billion- the debt of 120 million. That equals 1.8 Billion, right. now lets say that they need to do another drilling program to get things up and running, by another 300 million, to properly get this gig going. That means we're now down to around 1.5 Billion...conservatively... We have around 400 miilion outstanding right- that would mean the deal should be worth around $3.75 per share. Well we all know how far we are from that. So, let's discount it another 50% to around $ 1.80 or so. Can anyone explain to me why we are all the way down here at .035 or so? What am I leaving out? Keep in mind that these numbers are VERY conservative. We all know that they are getting much higher prices than this. And that they do have some revenue. And that there are contracts in place that provide for higher amounts of revenue and production, as time goes on. So- this calculation including shares, prices under contract, debt, and additional amounts needed to further develop, shouldn't be too far off. Plus that 50% discount is in my mind fairly ridiculous.... Maybe some of a discount, but NOT that deep. This deal should at a minimum, produce for all shareholders, in my humble opinion, around $ 1.50.... I welcome additional comments, numbers and calculations...

    ANGLER

  • Reply to

    Is there anyone on this Board....?

    by anglertrader Mar 18, 2015 12:43 PM
    anglertrader anglertrader Apr 4, 2015 9:31 PM Flag

    Thanks Jhanke.... Hopefully something decent will happen for us sometime soon...

  • Reply to

    weres the anual meeting

    by b4kitchens Mar 19, 2015 10:59 PM
    anglertrader anglertrader Mar 24, 2015 8:07 PM Flag

    I here ya Sam..!. I couldn't agree more, about being disappointed in MM.. I just can't believe that he doesn't seem to be doing anything, I mean-- anything--to get this gig up and going. Think about it. How long does it take to get a deal done? They "have been in talks with " various 3rd parties" now for about a year? Really? How long does it take to type up a press release on recent production? By now, those wells that were drilled over the past couple years should be already putting out a significant kick!! The production ran up over 100-200% in just 2-3 months, and that was over a year and 3 months ago... They've bound to have reached CDP, and the ramp up should be "well" under way! Why no updates? Are they being prohibited from releasing anything that could cause the stock to take off like a rocket?!!... because they could cause someone " in negotiations" to have to pay more due to a run up? Why no promotions of the stock with companies that can offer good coverage on FEEC, be it here in America or elsewhere ? Why no CNBC USA interviews? Why no promotions in the Hong Kong area? Why no buyback of their own stock( as a company, not as individuals), at .03..? Cheap as it's ever been.... Why no cut in their salaries to help preserve capital? Why no common sense being applied here? Why no updates about the power plant completed across the road? Why no buying in one of ( if not the) finest CBM discoveries on the planet? Shoud I keep on going with my why no's..?

  • Reply to

    weres the anual meeting

    by b4kitchens Mar 19, 2015 10:59 PM
    anglertrader anglertrader Mar 24, 2015 3:55 PM Flag

    http://www.secform4.com/insider-trading/1267861.htm

  • Reply to

    Does anyone remember

    by ruffusr Mar 24, 2015 2:43 PM
    anglertrader anglertrader Mar 24, 2015 3:30 PM Flag

    Or does anyone remember what it was like to see this stock actually move..... another day, another week, another month, another year.....

  • Reply to

    weres the anual meeting

    by b4kitchens Mar 19, 2015 10:59 PM
    anglertrader anglertrader Mar 23, 2015 8:01 PM Flag

    another day, another week, another month, another year,.... another day, another week, another month, another year,.... another day, another week, another month, another year..... I just can't get that song outta my head..

  • Reply to

    Whoever Sold For .18 At Close, Now That's Foolish!

    by ronjp2 Mar 20, 2015 4:20 PM
    anglertrader anglertrader Mar 22, 2015 4:58 PM Flag

    That's exactly right- Author..... Was gonna mention the same exact thing on my previous post---- think about it- they know that there are many software systems out there that will scan for stocks that close at certain levels on the weekly basis, and if they don't " repriint" that chart back down, to look not so good, then they may be in for a hurting come next week if they have to cover shorts... because it could open up way higher than it closed on Friday, if too many people see the rally and go in for the momentum play---

  • Reply to

    Whoever Sold For .18 At Close, Now That's Foolish!

    by ronjp2 Mar 20, 2015 4:20 PM
    anglertrader anglertrader Mar 22, 2015 4:52 PM Flag

    Have seen this type of stuff for years and years.... It's just MMs manipulating the tape to accomplish their own goals, be it to scare folks out of some cheap stock, before they really go in for a strong push, or to make their weekly reports look good to their upper mgt... Don't pay it any attention- bunch of nonsense really....

  • Reply to

    I've simply NEVER seen such sorriness......

    by anglertrader Mar 19, 2015 11:32 AM
    anglertrader anglertrader Mar 20, 2015 8:48 AM Flag

    good morning guardian- that was only my position on this ridiculous matter... not meant in any way to be for anyone else... just sharing my thoughts about my potential plans...

  • Reply to

    I've simply NEVER seen such sorriness......

    by anglertrader Mar 19, 2015 11:32 AM
    anglertrader anglertrader Mar 19, 2015 1:45 PM Flag

    if this POS ever starts to move, i think im gonna slam that bid with a couple million!

  • that lives in Houston, TX?

  • Reply to

    Like I said.......

    by anglertrader Feb 4, 2015 5:36 PM
    anglertrader anglertrader Mar 16, 2015 10:52 AM Flag

    AGAIN....... really? Are these people working, at all? Maybe I can get a job there too? What do U guys think? Maybe they will pay me a few hundred thousand a year, to sit at home, and watch TV too? :-)

  • Reply to

    Like I said.......

    by anglertrader Feb 4, 2015 5:36 PM
    anglertrader anglertrader Mar 9, 2015 4:59 PM Flag

    How many times do U guys think I can say....Again? Is it just me, or is this approaching, far beyond ridiculous?

  • Reply to

    What in the world is this about?

    by anglertrader Feb 27, 2015 8:12 AM
    anglertrader anglertrader Feb 28, 2015 12:02 PM Flag

    Thanks for the details cg... Much appreciated- Obviously, we are speculating on the reasons for this agreement. But it sure makes me wonder. Are they using this cash to help finalize the deal, for attorney fees, arrangements, transfer of ownership types of stuff, etc..? Ur right, the banks know, and Mike and his crew know- suppose the main thing to keep in mind here is what we mentioned earlier. No ONE in their right mind would give a loan, expecting or even anticipating that they would not be repaid. Especially not any bank- My wife used to be a credit manager, and she couldn't agree more- And with those terms the way they are, like you listed above, Thats a decent interest rate. Makes the repayment terms kinda hard to achieve, if nothing was gonna come to fruition.... For me, personally, I would prefer to see some kind of JV- where we are merged with the deep pockets... Be it Shell, Exxon, BP, Conoco, CNOOC, or whoever.. Where they allow us to be a part of the project going forward, since we were the ones who took the risks... There are so many possibilities of how they could do this- it could be that we get 80% of our position at the companies stock price, or we get 90% of our position bought out at $2.00, and the other we can keep at their stock price, or we get the choice of either a one time payment for our stock @ $1.50, and forfeit the "goings forward," or some kind of option to vest over time, as the property progresses.. I could go on and on about "how" a deal gets done- We could also get... the shaft- and get nothing- it depends on what Mike does and how he handles the situation... But I am just praying that something will happen for our good.. It's been a LONG time coming...

  • Reply to

    What in the world is this about?

    by anglertrader Feb 27, 2015 8:12 AM
    anglertrader anglertrader Feb 27, 2015 10:44 AM Flag

    U know cg... I've been saying the same thing for the past couple hours... Something is up- and hopefully, it will be the stock too, sooner rather than later... The problem tho, I think, is that there will be a strong temptation to sell once it's starts to move, that's even if it does... So be careful U guys....

  • Can't quite make heads or tails of this.... Why in the world would they do this?

GSS
0.333+0.013(+4.06%)May 22 4:01 PMEDT