Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video 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.
Again, TTB, I hope you are correct. But the key word there is "potentially".
We've got a different kind of investor now. No longer can you buy a million shares for a thousand quid, so you do it on a wing and a prayer. Now, you are buying an asset, and even if you are underpaying for it still, you ARE paying for it. That means the share price is driven by researched investors rather than "my mate/dad/brother-in-law/co-worker told me so I'll throw a few quid at it."
For the sheer speculation investors, a "possible" Tier One is enormous. For the more careful investor, a "possible" Tier One is "interesting and that would be really cool but I'm not throwing money at it, nice bonus if it happens."
Due to Hav, GGP attracts more of the second type now. Yes, the fact that Scal is 100% owned is appealing on the surface, but a find at Scal is probably at least 5 years from production if it stays 100% owned, so that diminishes the value. If we JV it, then it might produce very quickly, sure -- but then it won't be 100%, will it?
I can hold this for up to ten years, so none of that bothers me -- another big hit at Scal is going to give me a very nice retirement, better than I ever thought. Eventually, though, not this year, and probably not next.
Totally agree TTB- although I believe Hav will yield more than most of us can dream of eventually...it is still a part ownership. Another wholly-owned strike will change the face of GGP and it's future worth.
@Condorlini, that's a fair point, in that if Callum has figured out how to find buried gold, and it proves out twice, it just might prove out again.
@ttb, "No longer will the market be able to value us just on Havieron."
The market will do whatever it wants, LOL. Remember, it's taken nearly two years for the market to come close to valuing Hav as a Tier One. Even now, the market doesn't really get it. I'd expect a similar timeline if we find another Tier One at Scal, though are factors in play that could speed it up to your timeline. But what I hope might happen and what I expect probably would happen are two different things, and what you are saying fits a lot more with what I hope than with what I expect.
ATB
@Bebeto, great comment, I agree. So many of those factors are different from the time when one really good hit at Hav brought a significant upgrade in SP. Different company now.
TMT thanks for the well reasoned and well grounded thoughts on SW.
I think the exciting part for me, is if we get good grades back from SW, it will just reinforce how good a geologist CB is, and make me even more happy to have been holding in GGP for 4 Years.
GLA LTH's...
Hi Bebeto
Investing is a simple idea. Don't invest in something that could go bust, but has prospects - so check accounts. If accounts Ok then maybe go for it, if prospects good it increases the potential.
Or Identify value - good accounts and prospects. For me nothing compares with Ggp now.
Bamps and people do loads of research and maybe sometimes confuse themselves and sell too early (take the profit which is there).
I haven't sold any since getting in at 1.8 just over a year ago, but topped up about 12 times, so now av is 6.3 or 278% profit.
The best idea is to only invest in Companies you believe in (I only invest in 2).
How many did Bill Gates invest in?
Bamps my hero cos got me here from Coys I thought would go backwards.
BoL
There's several other factors at play to think about too.
The Market, The Sentiment, The MCAP, The Timelines, The Charts, The Different Types of Investers Buying/Selling and how the Results are interpreted, they all contribute something to the shareprice.
What a refreshing and realistic post, a pleasant change from the usual ramping and arguments (and the boom/twerk crap)
Thank you - still hopeful and GGP is still my largest holding
@TmT
What a well reasoned post...one I'm sure will help myself and other much maligned so called bedwetters keep the faith so we as a board communally are able the reap the rewards from our investments in this fine company
GLA
Congrats a bit of sanity
Believe the official news and no doubt about it. It's fantastic now Scallywag being 100% owned gives us fantastic opportunity for greater value. GGP are and have done exactly what they said they would. The market will catch up soon enough
We'll probably get Scallywag results soon. We've had so much ramping of this share based on Scallywag expectations. This can damage some shareholders when the excessive speculations don't come off and some shareholders get discouraged and sell. In the short term, this can actually hurt the company and the rest of us, because if the price drops due to panic, it can make us vulnerable to a low-ball takeover.
1. It's not likely the results will include an announcement of a JV/Farm-in with NCM (or anyone else). If the results are good enough to move the price, the best thing for GGP would be for GH to announce good results, and then talk to NCM (and maybe others) -- just like he did for Havieron. Don't get sucked in to that speculation and then disappointed if there's no JV/Farm In immediately. That will certainly be an option before long if the results are good enough.
2. Scallywag might be a duster. If so, Hav alone is still worth more than the current SP. It was before we learned about the eastern breccia, which might be better than anything we'll get at Scal! Disappointing results from Scal would be no reason to sell shares. Some will, though, if they've been led to believe that Scal is the company maker/breaker. Don't get dragged into thinking Scal is key for this company. It isn't. Hav alone makes GGP a winner, Scal is just one of our other targets, one of several.
3. It might be encouraging. We might get a hole with 342.2m @ 2.0 g/t Au, with some Cu thrown in as well. That would suggest the possibility of an economic-to-mine resource! We just got a result like that in a place where no one knew there was gold, and the market shrugged. We're no longer a company with MCAP of £3 million that will skyrocket at the first good result. If we get that kind of result at Scal, people would notice, but it's no guarantee you'll have a mine, and the market may not move much at all. The rampers will get embarrassed and those who believed them might get hurt.
4. It might be spectacular, say 120 m @ 9 g/t Au. If that happens, the price might move a couple pence and there will be 43 posts about how the MMs are holding the price, and some people might even get disillusioned and sell.
Scal probably only puts a rocket under the SP when it becomes likely that there's enough there to mine. One set of results isn't going to get us there.
I'm becoming optimistic about Scal. But don't expect the SP to lift off because of Scal -- it's not very likely to happen. If Scal turns out to be a huge hit for us, awareness of it will build over time, and the SP boost will be gradual, not all at once. Don't buy the hype, there's no need to. The upside here is still huge, whether Scal hits or not.