Tower Resources #TRP, Hardman & Co and Edison speak at London South East’s Oil & Gas event Watch Now
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Beetham says he's on a free carry now. Not sure i believe that, but hey, who can blame him for taking some immense profits on a freakish big rise? Now I know the full story - been through his background and post history recently - he's more than happy to trade about... but clearly, overall long and strong. For all the right reasons... No doubt he will start buying back at some point, having made another killing. Watch that space, i guess. Or follow-me-leader, either way... if he sold say 1/4 of his claimed 175m, that equals 43m shares at 1m blocks. So that some 43 x 1m sells to look out for. I've seen about 20 maybe 30 go through the last 5 days so maybe another 10 or so to watch out for. Cant see him selling more than that, as it would crash the price back to 1.75 - Feck! Unless that's his intention? Maybe he'll pop his head in from some beach somewhere and lets us all know? Which might be nice. I'm totally amazed a HNW is so relatively open on a board like this though. Gotta hand it to him... PS. i don't fully buy into the exercise of warrants yet, but I do buy he's possibly selling part of his holding. He's well down on ARV that's apparent. Onwards downwards. Where's Goldman Sachs when you need em? Buy! buy! buy!
Well, when Branston Pickle is your neighbour (and very good friend) one must keep up ones barnet
He will be back! He needs to trade to keep that mullet and leather jacket in good order since trading kit in for the jet ski
Ignore the de rampers with their lies and BS, HAVIERON is all you need to know.
Kickingking has made some very valuable points. The warrants were sat like a sitting time bomb at 2.5p a shout. The other big factor is market cap which many have chosen to ignore. The other significant issue is cash flow. We could see a cash raise. I sold out on Tuesday essentially because of the warrants. It was no good trying to say anything because the enthusiasm of this company has not allowed for any other opinion.
I am not sure where the sp is going to settle but when she starts showing any signs of traction, I am back in. I am optimistic for GGP. My target is reasonable for 12 months.
The point of my post is keep an open mind of other opinion, even if it appears second hand.
Great post schlemiel and I certainly felt quite dispirited after losing 10k valuation from my portfolio SO QUICKLY! It seems Id hardly had time to take it in and pfff its went again!
Ive had a word wih myself and said "RIght thicko, what is wrong here? Are you jealous because some people called it right and sold up above 5p when you didn't? Did you let greed get the better of you and assume that the share would rocket up to 6p on the strength of the drilling results rather than the finished product? Did you ignore your own assessment that there are hundreds of short term traders in this?" At this point I told myself to get stuffed. If I was happy making a certain set income Iwould have put my cash in a building society account and rubbed hands with glee at 1% per year!
Pah! Roll on Monday.
Don't try and summon the Hoff, he won't thank you for it, he's busy jet skiing
Sensible post Schlemiel....
Ive been in here 3 years....and that breakout from 2.6 and then 4p were hugely significant in my opinion.
Purely from a chart perspective the 4p was a decade long resistance level, a breakout above that and then a retrace back to 4p is natural as far as im concerned, a share needs time to breathe.
Obviously as well as all that the fundamentals are EXTREMELY positive, im sure NC know more than they are letting on.
It's quite funny seeing them balance between giving their share holders the nod that things are great at HAV which will save Telfer (SB has already said they were thinking of closing it a year ago....)...and then not trying to tell everyone else they have a monster find which may complicate things with Newmont-Rio possibly looking at GGP.
The curve ball could be Scally or PRE....imagine if one of those came in!
The sp then with HAV being 15 mill ounces, (20p ish a share) plus another hit...?
Relative volume is off the scale. That in itself requires an explanation either formally (RNS - TR1 or some other RNS confirming warrants exercise either partial or whole) or informally in the form of media comment (newspaper, finance website).
And the person who questions why a shareholder would want to exercise their warrants at current prices. Well, they've been in the money and still are. That's a risk free profit for them and that may prove tempting for some while others may spurn the prize for higher returns over an extended period. Shareholders have varying objectives and demands. Some shareholders may be distressed. I have a distressed shareholder on another stock, FOG. He's been shifting stock now for months. He needs the cash to repay creditors.
I am looking forward to an explanation to explain the intrigue. Positions are being taken, some are shifting down their holding, some de-risking, some up-risking.
I know some will be sat on losses now having bought at higher prices. That's unpleasant but I've been watching this stock for months and I believe it's entering a new period of fundamental change which should drive the price higher, and as we have seen the price can shift higher (and indeed lower) when the market gets behind it.
I've seen my paper profits falls by over £10k and that's a lot for me. I am sure others have seen considerably larger falls. It's gut-wrenching, morale crushing, an almost purging experience.
The price will reverse though simply because the fundamentals are now in the company's favour and those that have sold will be looking to enter when it does start to move higher again. You'll see a flow of capital back into the stock
Only one question we need to answer lads..
Where is the 20p party going to be?..?
"going back to 1.5p"
Congratulations for the most foolish post on this BB.... Clown.
Nothing has changed here, it’s just someone taking profit.
If you believe then hold if not then sell, simples
Come on Beetham own up, you’ve unusually silent lately!
Kk1, great post and so is stuartw6040's post. All boils down to risk perception and key to higher risk co's in entry price and timing.
Thanks,much appreciated,but please,do come and visit the end of the year. Ps,most investors have a diversified portfolio,we all know this is high risk,you don’t get these returns without it,maybe even you should do some research and take a risk once in a while,you may just get luck like us LTHs here and change your tune.
Also,as you are invested in mining companies,what would you say a new aus discovery of 10-25m Oz is worth? I’ll leave that there
Going back to 1.5p
Spratt, agree could well be SB taking profit. I think he plays both sides taking profit when he can
I look at some companies that have gone up in gold mining sector as that is where I am mostly invested at the moment. I reseach to see if price is justified and then buy. I do not buy as a gamble. I worked hard for my money. I have seen many companies go up and people lose a lot of money when there is zero real reason. The companies I am in will not double over night but they will also not half. Plus paying a dividend is useful. I will only post on boards Im invested in from now on.
Ggp do not mine
90 Newcresters drilling 7 bells of
S**** out of Haviaron
Why cause they need to feed hungry TELFER
So your wasting your time trying
To ramp this down fing1
Whoops that must be predictive tex
Btw king! Are you up over 200% in those mining companies?nope! I highly doubt you are,So why come on here to deramp a share you have no interest in holding or even knowledge of! Better yet,set up and account to do so? Do me a favour. You arnt fooling anyone here.most lth very very very happy with their investment,sure I was up 240% only a few days ago,did I sell or trade,nope,just topped up more on the drop today,sadly got them 4.27 so could have done better but means nothing come end of year or in three years,when guess what? I would have made far more money on this share than you will have on your mining companies! So maybe clock off and come back end of the year to see how wrong you actually were.
If you have no position here and never will, what Is your motive for posting on this BB?
That’s a bit pot kettle reporting someone when you spend a lot of our time ramping your shares on the wrong boards
No it’s just that you have to expect your “opinion” to be challenged with 8 posts and a stupid post like that with clearly no research into this company! Go back under that rock and bring a useful or researched opinion and maybe you won’t have people come back at you! Most here are willing to listen to all sides! But please,put up a valid argument
By the way I’m all good with him selling..hopefully being snapped up by Institutions
Its Stephen Beetham offloading some shares..same pattern as before ie comes on here to say he’s holding for 10p then begins off loading. He was caught before stating he was accumulating only to admit he was selling. He lol be done soon I’m sure and we can move on