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Had our letter yesterday and my wife has just taken a call from Solgold asking her if she was going to vote and if so how??? I've never known this happen before, especially as her shares are held by nominees. As an aside, should the nominee have released our phone number. Very bizarre to the point of troubling. Anyone else experienced this???
Red if you think that's nuts, Tesla's mcap is more than Toyota, VW group, Daimler/Merc, BMW and Honda combined! Between them they make literally tens of millions of cars a year, while last year Tesla sold something like 400k.
It's priced as if in 30 years every single car in the world will he a Tesla. It's a mania of epic proportions.
Updated list of forthcoming events for remainder of 2020:
PFS (Alpala). Postponed. CFP. Latest RNS 'suggests' financial arrangements delayed until FS late 2021. Porvenir: Markets neutral about these latest results [Assays for >580m. PDH-20-001] Updates for PDH-20-002) Blance/La Hueca update?. Rio Amarillo update? AGM - 17th Dec. Major push to get PI's to vote.
Mmmm - it's not too late to spring a surprise on us............on the other hand. Z
Earthling, like I said, no accounting for mania...somebody is going to be left picking up the tab and it ain't going to be pretty. I believe I said at the time which was more likely to double (GGP and SOLG). Well, GGP doubled quicker, but SOLG made good only a month later. Horses for courses.
RCl - Ok short and sweet: Both companies have riches beyond our wildest dreams..........in theory! SOLG - (IMHO) will blow GGP away IF and when it starts producing. I think everyone including the markets know Solg are sitting on the biggest Cu/Au find (in that order) this last century. BUT Solg haven't firmed up their finances (they surely will but they haven't yet). They don't have a plan (yet). The FS is still a year away (atleast). Their empire is in a precarious domain. (It should come good as both parties next Feb are pro mining...but not before that). NM is determined (officially ) to go to production on his lonesome. NM is Captain slow.......sure...but slow. There's lots more but there's enough ammo there to make the market 'hesitant' shall we say.
GGP- Financed all the way now that they have JV'd (and it is this little nugget that has only just happened that has tipped GGP from a possible to a certain from the market perspective). They have a plan (no need for the FS. The box cut and the decline to 459m start THIS MONTH...FFS! Once the declinbe is finished....GGP/NCM start producing income! It's Aussie mate! Not some 3rd world corrupt, slow moving country. GH (CEO of GGP) has never stated he wants to mine the gold. He is an explorer/discoverer. He will sell up here and move on. Might be Scally, might be somewhere else. The company is fast moving and agile. 2016 to now and the damn mine is being built - compared to Solg 20013 to 2025+.
Consequently the ii's and the markets love GGP. There is no doubt what GGP (NCM have done their own due dilligence and backed it fully and NO-ONE is going to tell me that NCM don't know what they are doing! So for all those doubters out there....this discovery is nailed. Value. If Havieron alone....Scotia Bank value the mine @ $7.9Bn. Of which GGP gets 40%. If Scally too feck knows what the SP will be worth as GGP owns 100%. The SP will be between 50p and £2.50p depending on Scally. Next week is a monster week for GGP: GDXJ rebalance Possibility of joining the GDX Scally results. NCM interims MMRE There is no going back.
With due respect to this board. EXACTLY the same is going to happen here but at the rate NM is running......it's going to be years and years.....unless of course he sells out or JV's. Pray to god - that happens. Z
Zoros, i think you are referring to Schlem (pig sick). I never had more than about 300k shares in GGP and there's about zero chance I would have held them past 10p. No accounting for mania hey. An extra £300m on the mcap for a nailed on success at Scallywag seems about right. "he prefers to resort to vitreol and negativity." Always the dig, couldn't help yourself...pots and kettles.
McSpinach, in the end I gave them a call yesterday, as I know you're too proud...I said, listen, Lord McSpaniel Esq. is somewhat miffed that he's not been personally contacted about this matter, given that he has a very large holding and is a very impotant person (VIP) 'n all. They said very sorry and they'd be straight onto it. And they've been as good as their word now haven't they.
Jerry - you have to sympathise with someone who lost out big time @ GGP. He is pig sick as to his decision making over this stock and smarts at the sound of the company name every time it is mentioned. Instead of using his recognised talent constructively towards supporting people and their decisions, he prefers to resort to vitreol and negativity.......watch........ Z
Hey Zoros... I have occasionally had a look at the GGP board but I find it hard to keep up as a non-follower, the rate of posting seems to be about 10 a minute. I didn't mean to trigger a completely OT discussion of GGP on this board, I wanted to use it as a comparison to Solgold... especially as it keeps popping up in that context. So go on, live on the edge and post it here!
Well I got two letters and a phone call today. I told them to vote my shares the opposite of whichever way Mirage man votes! :-) Oh by the way Mirage nice call on GGP at least 10p ago. Fortunately everyone ignored you and saved themselves a fortune.
Afternoon Rcgl2. Would you prefer to 'pop' over to the GGP board which I am monitoring for a chat amongst friendlies or would you prefer me to offer you a short appraisal of why GGP is what it is - bearing in mind there are wolves lurking here who would love to get their teeth into me over this? The choice is entirely yours. Z