The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
So if Greatland are a nice employer they may delay further news a little to give their people time to exercise their options?
What size boots BR
Are you talking SHOE box size or the big colourful ones.
Don't know AAA but I assume it's just directors - employees (not PDMR's) would not be aware of any material facts that would affect the SP I guess.
Thanks Paddy.
Good to have all of the angles covered.
Makes sense Paddy & I know this calls for pure conjecture, as they have exercised this week and to not give off a sense of impropriety, that any updates will be held off for a few trading days, at least, should there be anything ready to report.
Is there only a regulatory period for Director trades or are employees included in the restricted trading periods?
AAA
There's another good reason for the options to be converted. They were issued last September and only vested last Monday. Therefore this week was the earliest point that they could be exercised.
The tax system is Oz apparently means the employees would have to pay tax on the profit made from the strike price of the options and the actual share price when exercised. This would mean that if the employees thought that the SP was going to go significantly higher they could potentially face a much bigger tax bill. Conversely if they thought the SP was going to go lower it would make sense to hold onto the options and convert when it dropped.
Ducks, ducks, ducks IMO - Paddy
Cannot wait for Scallywag drill results, it will absolutely send this share rocketing if they are as good as we expect them to be. Just need a good RNS and it will take this share to new leaves. Perfect time to accumulate shares at the moment.
Unless they are buying from options now to sell shares now as they believe the price has 'topped'.
There is often an alternative view - however unlikely it may turn out to be.
When I am bored, I like to pop on my big boy boots and make footprints in the sand,
I play ‘Blackjack’ and not very well - I might add. When i play I clearly know what my hand is, however, am required to speculate on what hands I must beat, to win the ‘loot’.
What would be like if, I could see the sequence of cards before they are dealt and before I placed my bet?
The risk averse employees of GGP like most, work for salaries however, in this case, also have share options which they can buy ‘if and when’ they believe - the time is right.
Since Friday last, the employees of GGP have been buying large quantities of their allotted options, which begs the questions ‘why’ and ‘why now’?
The employees are on site, in the know and are witnessing: all the evidential information provided by the present drilling campaign and which will form the basis of a future report. Their reaction is, ‘buy everything’ they can and now.
If the news to come in the expected report - is bad, I don’t believe the employee would exercise their options, if the news was mediocre, I think the employees would wait before exercising their options or if the employees can now see all the cards that are unfolding and have been dealt including those that are about to be dealt, they would know if they had the ‘NUTS’, the corresponding reaction would be, I’m ‘all in’ now.
The RNS on the GGP website shows, the employees, like the Directors, are ‘ALL IN’ and have paid many hundreds of thousands for the privilege.
My question is, what better news to people want?
Never forget, people, that the view of this board is very much from the perspective of an individual shareholder. Companies who explore/mine/process are huge corporations, juggling any number of current and future projects, some of which the shareholders will know about, so the corporation will be looking to do what is best for the corporation, and 'corporation' doesn't mean 'shareholders'. It's not unusual for any business to offload or walk away from smaller, less profitable projects for the higher profitability of the business. Bean-counters prevail.
ATB
"lol". Well said, Bottle Rocket.
FenixDor and others of a like mind; Tommy Cooper was a genius. He was pure comedy gold. All we were doing was engaging in a gentle, happy exchange, on a forum, while waiting for news. What terrible people we must be, LOL LOL
Touche' Bamps....(regarding EG)
However, if there was a decent pull to suggest there was something substantial there i think Newmont would of stayed longer...No matter now, its looking like we have an expanding mass at Hav over 2 years its taken us but its down to the Maiden Resource now, Spy has suggested that his Canadian 'friends' will be getting involved.
Although im not sure if our Spy is 007 or Jonny English...;)
VC
VC
Bottle .. that’s what happens when the share price is doing nothing !
... not to mention reading comments, that are commenting about the endless dross. "lol"
WF ... as long as it was after declaring another tier 1 find !
Can we ask him to sneak in a Tommy Cooper impression in his next proactive interview....... If only he said 'Just like that' half way through, I'd fall off my chair.
Brilliant, WF. Now if GH would like to come to the table ...
And Hav is actually an inverted Fez of sulphide deposits filled with Breccia......
Scally and all the other targets are Tommy's ever increasing table full of bottles....
Lenz & L-A, now look what you've done. ha ha
Here's a clip for after 'gold' hours.
https://www.youtube.com/watch?v=oTY6TxXsK-o
;-)) ;)) too young .. I dint think so ! But as I said not totally with it first thing in the morning till I have had breakfast, yes when I read back it was funny... excuse my morning grumpiness !
Lenz, it's nothing to do with spelling. L-A was making a joke. Perhaps you're too young to remember the comedian Tommy Cooper?
L-A, I thought it was funny. It made me laugh - "Uh-huh, just like that, not like that, like this."
ATB
First thing in the morning everything goes over my head !
It would certainly put a target on our backs for the likes of Rio I think.....bidding war coming up? Now that would be nice - although it would take several months to prove a new tier 1 for any of the SW areas. Cheers
I can see my humour went straight over your head. I understood your post perfectly of course