George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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... Love how TmT is getting the credit, (rightly so with the behind the scenes work! :) )
Micky's IS the only one that matters.
The others are just wanna be's that try to look like they know what they are doing.
Tonights research! = Broker Ratings.
Don’t forget the lovely copper
Hi TMT I would be intrigued to know what your share level treats to yourself would be ....maybe further forays into HB market with top ups of TW or PSN
ATB in both ventures and others you most undoubtedly have!
@dave, "all the time" in casual language doesn't necessarily mean "always" or "in every single instance", it can also mean "very frequently". You are right, brokers are not wrong in every single instance, neither inferred nor meant to imply that they are.
https://www.dictionary.com/browse/all-the-time?s=t
Hopefully that's finished that one.
The RNS for the day has been dealt with, we all know the SP will close at 12p again today, we've already done what QF will do for a celebration at various share price levels. Nobody wants to go back to electric cars or, God forbid, percentages. Nobody wants to talk about politics. What should we debate now?
Guess I'll actually work the rest of the day, LOL.
Guys, I don't need a lesson on how broker notes work thank you very much....I was simply pointing out that to suggest they are always wrong is simply a false and misleading statement - the same would apply if you suggested they were always wrong which is what you point 6) inferred.
And as individual private investors we all have our own target prices which obviously change according to news flow and general market appraisals etc.
Anyway, keep up the good work. ALB
@Dave, target prices can be either too high or too low. The 12p was almost certainly too low, go forward a year from when they set it and you'll likely see something considerably higher. I expect the 15p is too low as well.
Anyone with a brain knows there are both upside and downside risks. Brokers have to try to balance the weight of probabilities of both and pull a single number out of their backside when setting a target price. It's a mug's game but it's become the thing to do, so they do it.
I'm waiting for the day a broker says, "Honestly, we don't have a clue what the share price will be a year from now. There might be a pandemic or a market crash or an asteroid, or Donald Trump and Xi Jinping and Vlad Putin and Hossan Rouhani could all fall madly in love with each other, world peace and no-border trade could break out, and the markets could treble by this time next year. If you want a look in a crystal ball, go pay some dodgy lady in a tent at the circus. But we can tell you that we think this share is undervalued compared to its peers, here's why, DYOR, but we're recommending our clients buy it."
@TMT Yes okay - Smile "Numis" got their 12p right and I'm fairly sure their 15p TP will be hit too. :0)
ALB
@dave, LOL, should we say "most of the time"? They are predicting where they think the share price will be a year from now (that's what they usually mean by "target price"). Probably less than 10% of them are accurate within a 5% tolerance.
TMT hi,
Thanks for that :-)))))))
ATB
Tom :-)
Hi @TMT
ON 6)
"Nobody expects broker ratings to be perfect, they get stuff wrong all the time, but the fact that there are brokers talking about an AIM share is a good thing." - May I suggest this is changed "they get stuff wrong sometimes"
ALB
That's the one, TomE. I think that's the kind of thing that could really help a new/potential investor trying to make a decision.
@All, don't compliment ME on GGPHelp, that's not MY work, it's all BottleRocket! I've made a few suggestions, is all.
@BR
On 2) updating cash, maybe just say, "As of" and "check RNS for more recent updates." That way, if you are out of date, anyone who cares to research can find it.
On 4), the warrants stuff was written on yesterday's coffee, LOL.
On 6) it is fact, but what kind of fact? The fact is that there are some brokers that are high on GGP. Most people thinking about investing are going to be asking, "How come the brokers aren't talking about this?" The fact is, they are. Nobody expects broker ratings to be perfect, they get stuff wrong all the time, but the fact that there are brokers talking about an AIM share is a good thing. As long as you are clear that it is broker ratings or broker targets, anyone who doesn't understand what that is can google it and learn.
7) Some explanations from magic would be great, if he wants to do it!
Again, mega kudos from me!
Thank you!
TMT - Pal, that's some in-depth feedback, I really appreciate that.
1 - Done
2 - remembering to keep this updated will be the harder part.
3 - good point. added
4 - added - Dude you have been on fire this morning, what coffee are you drinking!! :)
5 - Looks much better - cheers
6 - Interesting, I may be naive on this one.
but are the ratings not just an educated guess, and that's how they make their money?
Does this come under fact, or is that the are predicting future, mean its speculation, (i do not understand this, so happy to be guided.
7. I get that, - I think what would really work is a couple of these images, with a paragraph from MagicTrades maybe explaining what we are looking at?
East Hi,
Just fathomed that out after a while, yes I removed the ) at the end of the link !!! Getting better at this stuff lol.
WIsh you were a few mins earlier :-))) I thought it was me lol.
Cheers
ATB
Tom :-)))))))
TMT hi,
sorry I took out the bracket and found this, is this the view you refere ? Thanks.
https://greatlandgold.com/wp-content/uploads/2020/06/Figure-2-Schematic-Plan-View-of-Horizonal-Slice.jpg
TomE, the link you show below is fine... just remove the ')' after the .jpeg !
TMT hi,
Under item 7. the link you refer just says page not found ?? what map are you thinking ? sorry It might be me but I cant see anything, just asking and thanks for your work on this, great stuff.
reproduce any of their maps (like https://greatlandgold.com/wp-content/uploads/2020/06/Figure-2-Schematic-Plan-View-of-Horizonal-Slice.jpg) on your site.
Cheers
Tom :-)
Great work TMT, at this rate GH and CB will snap you up to look after their website.
They have indeed TMT - I've been invested there for a long time (unfortunately) and Brombarb has been managing and adding to it forever, although I believe someone else actually started it (a chap named Timmo or similar if I remember right)!
@lseo, that 88e page is amazing. Thanks for pointing that out. Somebody's been doing that one for a while.
great helpful post TMT, thanks for your continued effort BR, shaping up brilliantly
Morning TMT! Good suggestions for what is becoming a fantastic resource - great work BR!!
To answer your last point, a well respected longterm poster named Brombarb on the 88e board has been doing a similar thing for a good while - the 88e Wiki page.
Great stuff, BR. Suggestions (take them or leave them):
1. On the FAQ, you've got Rundall instead of Rudall. Hope you'll take the suggestion to fix that, LOL.
2. Also FAQ, does Greatland have enough cash, you could link to the RNS that just said how much they have, it's more current than the results to which you linked.
3. On shares in issue, your number is out of date already, LOL. I would recommend, so you don't have to keep updating it, that you just say something like this: "Because the company has outstanding warrants and options, the number of shares outstanding changes most months. Full details of currently outstanding shares, options, warrants, and contingent liability shares can be found here:" and then the link.
4. If you want to explain the warrants, feel free to lift any of my text that is helpful from my two long posts in the recent "block listing" discussion. It's a little long for a FAQ so if you want to slash a lot of it that's fine. Alternatively, if you wanted, you could take it out of FAQ and add another page on the Greatland Gold Company (below The Greatland Gold Projects) called Greatland Share Capital. It could link to the same page on the company site that you currently link to, and include discussion of warrants, options, and the contingent liability. If you go that way, you could also maybe link to the GH interview where he talked about protecting shareholder value and using debt financing to mine Hav -- indicating he wants to minimise future dilution.
5. This one is sort of larger. The FAQ is not really limited to "company information". I think it would be better if it were bumped up to the main menu alongside "Company Information", "Private Investor Findings", and "Items of Interest".
6. I'd add Broker Ratings somewhere. You could list Numis and their old target, and when it was updated, and Hannam & Partners, and when they initiated cover and their target. Probably shouldn't go any further than date, target, and a link to their site. Maybe add this as a separate section under Items of Interest?
7. Finally, under Projects, this looks great, but I wonder if you asked, if GGP would give you permission to reproduce any of their maps (like https://greatlandgold.com/wp-content/uploads/2020/06/Figure-2-Schematic-Plan-View-of-Horizonal-Slice.jpg) on your site. People are tweeting these kinds of things all over the place. I wouldn't do it without asking, though. But they just might say yes, and if it were me, I'd try.
I wonder if anywhere else in the world of investments, any private investor is doing something like this. I suppose it has probably happened somewhere but it's unique in my experience. When we talked about it initially I never really thought anyone would take it to this level. It's rather incredible. Good luck to you.
Really appreciate the time and effort BR, thank you!
BR, GGP Legend:)