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Sycho - while you have a point about the timing of the recent cash raise, otherwise IMV the company is doing all the right things. Investing (as opposed to trading) is a long term business. While personally I’ve seen my profits here disappear I still feel very confident that as time passes and Havieron in particular progresses, the share price will reflect that. Unless all of the information provided to the market so far about Havieron is a lie, it will certainly be worth a lot more than 14p per share in time IMO.
@ Sycho Since you're clearly not the CEO of Greatland Gold, nor on the Board, I don't understand why to believe, so strongly, that it was so wrong. You certainly don't know what the reason(s) were for the raise at that time, and there could well be strong reasons for doing so.
negotiations for the 5% begin on the 12th, is there a deadline for the potential deal to be completed?
what would PIs be happy with as a figure for SD to get given the present state of affairs? does he really have much room to play with?
exciting times i must say, but the recent prices have got me opening my screen with only one eye open!
GLA
This was always dropping to the primary bid price but now we ‘should’ start to rise - I’d of thought we’d settle just north of 20p unless we get some great news…. VGLA - I bought a few more this morning….
toalsy in the green box
@Sycho - fair enough, it's been a drag but would you have rather that we wait until there was nothing in the bank at all and do a raise at an even bigger discount?
As I'm sure that your aware the 5% negotiations are due to kick off at any point from the 12th, now I'm sure that Shaun has been running the numbers and I'm sure that he has a very good idea of what we should be valued at. If we are going into those negotiations with about £3/4 million in the bank then that would potentially be seen as a position of weakness IMO.
Let's see how things work out over the coming months - Paddy
Spot on Paddy, as always - thanks. I admit to finding it hard to fathom why our SP has bombed this year and I suppose the nervousness is around how low it might go before the irrefutable happens and II’s start to pile in and lots of interest is generated in this once in a lifetime find. I will be here till the end as it is intended as a legacy for my loved ones but wow this has been a tougher year than I expected!!!
It's amazing how people's perceptions and expectations can be so easily changed and manipulated when they see their profits slowly dripping away or even their losses slowly increasing.
This time last year we were looking forward to an initial inferred MRE and the original mining proposal, we were drilling at Scallywag, we had about £5-6million in the bank and the SP was going from strength to strength.
This year we have our initial MRE and PFS in the bank, we are looking forward to inferred MRE 2 and the stage 2 mining proposal, we know NCM are drilling at other targets within the 12 blocks of Havieron, we know the inferred MRE 2 will still not include much of the NW Pod, the Eastern Breccia, the Northern Breccia or the SE Crescent Deeps, we have drilled Scallywag and are waiting results, we are waiting more Juri JV results, we have circa £14/15million in the bank, we have assembled a crack team of mining engineers and geologists, we have captured more 100% prospective ground in the Paterson and yet our SP is bleeding heavily.
Nothing that the company have done has caused this to happen - we are on the journey to production, many people aren't prepared to sit and wait, they are impatient and want to take their gains and invest elsewhere will we travel along this road. Good luck to them - I'm not worried about a take-over or a buy-out, the most recent BT printout shows that if anything the PI base at GGP is growing as people continue to invest at these levels even if the II's are not prepared to yet.
That will change at some point and I intend to be fully invested when things turn around.
GLA - regardless of your decisions - Paddy
Gunst, that is your opinion, good lad.
GLA
No one can call and buy at the bottom (unless extremely lucky ....) as such you can add at different levels little tranches to suit your pocket and faith.....I think we can safely say there is value in the current SP, but with the overall market on edge and the particular weak sentiment towards junior explorers opportunities to pick up few even lower than the current price could be presented....
IMHO.
looking at the half full glass (as I often do....) this prolonged weakness could be turned a blessing in the long term....
GLA whatever.
Blantyre just no need to call people for expressing their opinions. None of which are de ramping. Just frustration and people's honest opinions
Ruprah, what a plonker, you just give him more ammunition to give more negative views.
GLA
One thing is for sure!!! We really need and want a 2022 bull market. At what price would GGP be in trouble? Or would they be able to sustain a very low SP, ride the wave till they start producing cash flow? Early 2023?
I’m afraid the trend is negative at the moment, I mentioned some time ago I didn’t see the share price moving anywhere except down, next day an unexpected RNS popped up and the SP rose , this appears to be happening again ,as all year, only an unexpected RNS , meaning one not already in the pipeline to be declared, eg drilling results etc ,will turn this around, so expect a steady downward trend of SP , I will not be buying yet .
A balanced point of view today is more negative than positive given we are now in the 13p + region
Personally Aquakidd post is spot on.... II's have not jumped in en masse as yet
Not de-ramping or going to sell anytime soon...... just frustrated.... Rup
Aquakidd, you seem to be giving a "balanced" point of view, pity it is definitely more negative than positive for some reason.
GLA
I’ve not topped up since 14.69, but 12p is a definite buying opportunity, I’ll be in on a top up, I’m concerned institutions don’t appear interested yet , perhaps too much of a risk still, I’m watching with interest on any unexpected news from GGP, this could spear movement on the SP.
Aqua kid I can see high 12p but I seriously hope I'm wrong. Hard graft watching the SP everyday. Best thing probably close all apps and check in summer 2022
14 posts on this board, sums up this depressing share , I think everyone is still in bed and not bothered to get up , I mean , what’s the point, haha.
Aquakidd let's just hope this week will be the last of the beatings we have to endure and the forthcoming newsflow will turn this share around big time. GLA
This tree has been shaking for a year, the downward trend is relentless, I’ve been fortunate to buy into the drops to drop my average considerably, I’m just wondering how far this is going to drop ,I think many investors? ,are fed up waiting for a serious up turn ,there’s money to be made elsewhere, GH sold at 19p, that was a big red flag, but SD in at 14.5 is a positive but only £50k worth so not a big show of confidence of a imminent serious rise ,I’m interested if he buys again, watch if it occurs, could be a good sign , remember GH sold at 19p ,he’s made a serious profit if back in .
I cannot see many more leaves on the tree.