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Hi, Jerry @18.29.
For about a decade, I only had one investment, and that was GGP. I now have two, GGP and OMI, and congratulate myself on having a balanced portfolio.
Afternoon speedy. I agree that cu is all about s&d and no obvious manipulation. There is a slight ‘gold hedges copper and vice versa’ so that gives some more balance.
Also MTR also has a sum of the parts, discount to nav, as does sve, going for it. The rest of sve investments are either very early stage or rubbish or deminimus so should be immaterial.
On a percentage basis I am not sure what would bring the best return but if you only invested in what you thought was going to give the best return everybody would only have one investment. Even I am not that bonkers.
Jerry. Personally I take each investment on merit at that moment in time and where I see the lowest risk with the greatest return has my investment irrelevant if current holdings. Outside if 9ne ither stock GGP would at current sp and anything up to 28p I would invest 50% here.
Hi Jerry. I understand your enthusiasm for MTR being a play on CU and the supply and demand issues. To my knowledge their is no price manipulation in the CU space, apart from the Chinese stock piling, unlike the gold markets. I personally see a better return in the gold space than the CU space. As for Starvest would not their other poor holdings bring the value of their GGP holdings down. Are you looking at MTR and Starvest just to diversify or do you see a better return with them than with GGP. ATB Speedy
Tymers, with £100k I wouldn’t buy any ggp. Not because I don’t think it’s good value. Of course I do, but I have more than enough by any measurement. But I would buy MTR as I don’t have enough and I need more to put a slightly better balance to my holdings. The opportunity in both companies is broadly the same % wise. I would also like more cu exposure so that reinforces the reasoning.
If I had to increase exposure to the fantastic company that ggp is, I would buy sve which is even better value.
steptoe bond is back yaaaaaaay
Forgot to say. I’ll be adding monthly until they say it’s no longer open at depth or on strike. And that could be a long time cos it may go down 2km. Who knows?
Spoiling for another fight, I see!
well done timber --- the traders love you're commentary!....10% profit again and again...most LTH love it!
Dhanteras, the way I think about the risk is this. Each night whilst I’m asleep the lads in Oz are drilling, blasting and moving down closer to the gold. While we are posting here the same is happening and risk, what little there is now, is reducing. It’s just getting easier by the day. That has to eventually take the sp up. Updates will only make it happen faster. I’m not good at being patient but I’m having to learn. Paddy is bang on. Do nothing except watch and wait.:-)
Hi Bamps - is it fair to assume that the SP should stabilise above 30p at that point?
Many thanks.
Hi Dh
It's not a bankable asset at the moment, it's all about sentiment, exploration results, accelerating work .
We've not long to wait for the asset to be added to the accounts sometime between the PFS and the vent shaft start in January but lots of things happening between then and now
ATB:))
Hi The Learner. You say "speedy has got me thinking about Britannias". They are one of the best ways to store wealth and with the coming price increases a good way to increase wealth. Being CGT free and one of the most liquid assets around. When stored at place of purchase selling one or a thousand is as easy as selling stock, just faster, place a sell order and funds can be in your acct in minutes. With all the stress in the banking system why anyone would use the banks to store wealth is beyond me. £100k in the bank is losing at least £15/day and your money is at risk of a bail in and before anyone mentions the govs guarantee on £85k there is not enough funding to back this promise up. Physical gold in the form of Britannias is the best you can get. IMHO. ATB Speedy
But that’s the problem. EVERYBODY believes it’s going to be 15m oz minimum. But there’s plenty of people here who bought in that belief in the 20’s and 3O’s and have been nursing significant paper losses for last few months. Since the project is completely derisked as far as I can tell why isn’t the price 50p? Maybe there’s a whole set of other people who don’t think there are 15m oz? Or they think the risks are far higher?
Nice one BT....former ST holder myself till i moved away. I will certainly going to BMD on opening day. UTFT and ETID lol
Yup, keep the faith! I have absolutely no view other than the stepouts will prove up considerably more valuable mineralization! That's even before we consider DEPTH in ALL the Havieron assays drills to date!
IMHO, I can't even think of any investment of mine, over the past 40 years+, that has been so absolutely positive going forwards!
DYOR & GLA!
I’m busting a gut waiting for the next stepouts @Havieron. If we are still getting mineralization in all directions it changes the volume massively. I shouldn’t wish my life away but it’s hard not to.
@ Texlax30 "Side note - I would like GGP to put more holes in Warrentina and divest, purely for cash."
Totally agree, and that's what I've been expecting for well over a year now.
I’d buy
Bought some in kids isa’s Friday. Paid pretty much top price of the day like I always do!
But it’s an investment not a trade so is what it is, and that’s a TIER 1 mine ;)
I enjoy the calculations that people make on why it is/isn’t a fair price, me I have no expertise on the matter. But common sense tells me that it will be higher in time (may not go up all the time) but gold,copper mines like we will have are rare, so I’m in :)
GL
I don't know what I'd do.
I am happy with what I have here - was buying at 33.5, have been buying this year in the 20's. I think this is very derisked AIM share - although need patience. From Hav alone, I'd be disappointed if we don't hit 60p in a couple of years.
If we have another strike - would be a game changer - but again patience is required as it would take time to drill and prove up.
My recent buys have been on more speculative AIM Junior miners. If I get a quick gain on some of these will probably go here - although I am nervous about having too many eggs in one basket.
Speedy has got me thinking about Brittania's.
I have 5K sitting in the other half's SIPP just now and wondering what to do with it - pretty sure it's going to XTR. Did look to see if physical gold could go in a SIPP - but coins cannot - only wafers or bars.
So the 100K question - I'd be bamboozled - I think I'd also put 50-75K here - and the balance on more speculative AIM shares.
I sold my AGL shares and put the money in here - I lost patience, although I really believed in the firm and what they were doing - within a few months AGL had more than doubled - and my purchase at 33.5 is now at 20p. I know I will get it back and make a profit - but that was a bad call - I was caught up in the scallywag drilling excitement - lesson learned.
@Tymers
I would probably only put 25K of the 100K into GGP because I'm significantly overweight in GGP and don't need to be.
I added in the mid-30s because I believed the value was substantially higher than that, enough higher to justify the risk. At the time I believed we were headed for 12 moz and in all probability higher. I was thinking it was probably between 15-20 moz with potential for more upside. Now, I realise I could be mistaken because this is not my area of expertise, but the latest drill results (just four holes) have convinced me the baseline is likely to be 15 moz, not 12, with much higher upside -- no idea how much higher.
So of course, I'd buy at 28p. I'd buy at 26 again. I'd buy at 40, if someone dropped 100K in my lap. I wouldn't buy at 50p right now but I wouldn't be surprised if I did later, as growth drilling results are reported. And we're still open at depth.
Speedy, Many thanks, have downloaded their guff so interesting reading for a while while I DMOR. Cheers.
Patrick - I am an 1878er but not @L4 more LL55. Yes until recently a ST holder but that Portugese fella put paid to that - still I hope Carlo get's it right, probably not this season but certainly next and then we can look forward to a paddle in the Dock. COYBs
Hi Speedy
Could get a big place near Malvern for half the price , near Liz Hurley as well
ATB:))
Hi Tig. Selling my wonderful home in Tenerife is not our choice but has been forced upon us by the stupid rules on Brexit ( can only stay for 3 mths with no return for 6 mths) plus all sorts of travel bans and ever changing rules. Looks very likely that 100 acres in east Sussex with a well insulated home. ATB Speedy