Roundtable Discussion; The Future of Mineral Sands. Watch the 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.
Good morning Speedy. I hope the bad back is much improved and your mood is now better. I do not want Lady Speedy upset )
What I believe is interesting is the the daily turnover of shares which is miniscule , and which essentially means that most of the turnover is pi selling for odd bits of pocket money , and large chunks of stock are just not available to the institutions.
Hard news is essential - 5% deal concluded , - official updated MRE , - PFS - etc , ( 10 M oz / ?? 20 M oz ??? ) , commencement of revenue ( massive kick up the SP ladder ) , takeover ( 30p - 50p- 70p , ???? ) , Tier one discovery on the 100% owned estate ) . But not sentiment . Panama assures me it will happen, and who am I to contradict her.
Tig
Sorry Speedy just read your second reply, that’s exactly what I suspect JPM buying on NCM behalf and as a MM they don’t have the same declaration rules as all other entities. They then simply sell on the shares when the time is right to NCM who will then be the legal owner and need to do a TR1. I think this has been happening for a long time
Thanks Speedy be nice if they could do this class action sooner say next Wednesday??????
What gets me is, it’s all been good news and we are at approx 30% of all time highs. I dread to think what the SP would be if we got a ‘meh’ update
Good morning speedie
Reading through the posts we are pretty much all of the same mind that this will turn, some sooner than others!
The most comforting thing is everyone is saying they are going nowhere and seems to me the more they bully us the more we are digging in.
Roll on next week!
Good luck all and have a great weekend
Hi All. Probably the best debate on this BB for ages. All views should be taken in and digested and a general consensus achieved. Stock markets are forward pricing and looking forward at Hav and a possible 20/30mill ozs we are not at fair value. On balance it seems that most think GGP is undervalued and the current SP is a buying op. I also think gold is undervalued. Sovereign nations will try as hard as they can to keep their fiat working but in the end the market will decide. ATB Speedy
Mercedesman - I very much doubt you will get back in at that price range but if you do, I will be piling in like crazy too. GL.
Probably at 8p
Bottom line, when the shorters present me with a knock down price, I rip their arm off and take it off them.
When will they be buying back back the 87m + shares on loan is the Big ....as yet unanswered question? :O)
I lot of understandable doubt reading this thread which will be making those short quite giddy with their success this week and will be confidently enjoying the weekend. Obviously the bears are still strong so stay in cash and cautiously wait on the sidelines until the table turns, which won't be long now, then pile in. The shorts have had a good run since the end of July but that's about to change. There's no smoke and mirrors just a little doubt before the marriage. Enjoy the weekend!
Interesting theory Zoros that you hold re Governments ,Fiat ,and the price of Gold.
Not saying you are right or wrong.
All, I would say is this, .,"Is the market itself not stronger overall in determining the POG?, over and above any government interference "?
Why for example was the POG allowed to reach $2000 plus dollars an ounce back in 2020 and early 2022?
https://goldprice.org/gold-price-history.html
For me the POG will always be down to market forces and the laws of supply and demand.
One thing that Shaun was able to achieve is the 60m valuation for the 5% he said he had to go in lower as the independent value had to be either NCM value or GGP value no middle ground just think if he had gone in higher say 80m or put the true valuation in we would probably be only getting around 30m if NCM had there way and the SP would be a lot lower than it is now .All the boxes are getting ticked one by one and the risk is getting lower and lower for me I think the SP will start to improve next week onward and upward
Zoros,
I hear what your saying & agree our current situation is a reflection of the proven resource to this point in time. I appreciate your view & I don’t see it as negative, as it appears to have been taken by some, it’s just a realistic for the known right now, Donald Rumsfeld comes to mind. I completely agree it is very difficult to value speculation. That is in my opinion how the market sees it, the well researched have a better idea of what might (is likely to) be but the market will only acknowledge certainty, when we achieve that the market will react (FS, production, additional MRE’s). All in my opinion & I have held since 2019 & topped up along the way & will be patiently waiting for that day to come.
Good luck all GGP’ers
Zoros - sorry but I don’t believe you have all the answers and the rest of GGP investors are just missing the point. You make no explanation of why the SP rose to 37p and no acknowledgement of GGP having 24 consecutive 6 weekly updates with new hits/expansion every time. That’s why so many GGPers feel the current SP is not truly reflective of what has been discovered. Now I know you will say it all has to be proved up but is that first step not exactly what we are waiting for from NCM’s 30th June 2022 assessment due next week. Also, in any event SP’s are partially made up from sentiment and belief and do we or do we not have potentially the largest gold find in Australia if not globally courtesy of Havieron plus Juri JV and 100% owned tenements yet to declare. So sorry but I for one do not accept that 11.16p is an accurate reflection of what we have - I believe it is a reflection of what MM’s are holding it at for now - but they can’t/won’t forever because true value will see us through eventually. So not sure what your holier than thou attitude stems from but just because you write it down here, does NOT make it true and I will continue to favour my own research, RNS’s for real facts and the research of adjudged knowledgeable fellow investors and sadly you are not one of them.
Not at all, you have your view others have theirs.
Zoros, one convenient truth missed out in relation to our current share price and your assumption of being correct is that any valuation at present is virtually 100% in NCM’s hands. Since they are the ones that release the official numbers, which was in my view held back to facilitate a cheap 5%.
It remains to be seen if this way of thinking changes on completion. Therefore not a true reflection of current value in my eyes.
Or have I touched a raw nerve?
Z
trippytika - calm down. Everyone has a view and everyone can air that view. How many years have we been reading vitreol about shorting on this forum. Calm down and enjoy views across the spectrum.
Z
Speedy - good evening.
"...the whole of the industry is under the thumb of JPM et al..."
"...would be interested in seeing more responses from posters to gain a balanced view..."
WRT gold, and in my opinion (obviously), the gold market is controlled by various sovereign governments globally. It is they who dictate who does what and when. If for instance one is to believe JPM or similar are controlling the market, then it is because the controlling government is happy to allow that status quo. Nothing moves financially in this world without the tip and the wink of a sovereign government, especially: Gold / FIAT / Crypto.
It has to be this way. If anything challenges the stability of the "system", it will be 'managed'.
You have told us time and time again that gold will rise to "x" or has been held back in the past by certain entities.......it's the sovereign nations doing it behind the scenes, pulling the strings to keep their distance.
That is why (as I have siad before), FIAT will be king for as long as these governemnts want it to remain so. Digital currency is in the ascendency and NOTHING will impede it, short of a global takeover by another nation with a different currency (China) and then they will control the future of finance. Gold is just a means to an end. It props up FIAT physically and it will do the same with digital currency.
Crypto is dead in the water.
Z
You have your theories others have theirs, just because you think what you think doesn’t make it correct! posting a holier than thou longwinded message doesnt make you correct. Maybe try rephrasing to a less condescending post or don’t, couldn’t care less, just saying
Great headline: Confused.com.
Because most shareholders reading these forums should be.
For atleast 3 years, certain individuals (one who has been banned from LSE) have vilified JPM (et al) for shorting this stock. NOTHING, repeat, NOTHING has happened. The stock is still at fair value and you only have to do basic maths to understand this (as the brokers (4+) have shown.
If the job of a shorter is to bring a stock down to benefit from the SP changes, let me ask you this: why in god's name has it taken atleast 3 years and counting? JPM are the current focus of attention for shorting. Everyone knows they are above the law - ergo - they can do what they like because they can absorb the punishment. So why haven't they achieved their aim - after 3 years of trying? You must ask yourself what are they trying to achieve and how laong does this go on before they achieve their aim?
When are people going to understand markets for what they are: a mix of mild manipulation and sentiment which oils the wheels of the financial world. Nothing more, nothing less. Shorting for the thousandth time, is legal in the UK, it lubricates the markets.
JPM haven't targetted GGP in particular. They have shorts on numerous companies all the time and it fluctuates daily. If they did target GGP and concentrated particularly on them, they would wipe the SP out in weeks.
3 years plus and we continue to moan and bleat about shorting......why has it taken so long?
It's been rammed down our throats for so long now - many on here blame JPM and others solely for the state of the SP, yet when you do the maths based on the latest MRE(2) resource amount, we are where we are simply on fundamentals.
The SP cannot keep rising because of every good RNS or great podcvast by the MD, it would be astronomical by now. We are at circa 12p because this is where we should be with the results we have so far. If you won't accept that then you have been blindsided.
Please remind yourselves that we only own 30% of a discovery. Put it another way: someone else owns 70% of this mine!
We have only found just shy of 3Moz ore reserve.
We have NO income.
We have no funding statement.
What are the markets to expect? They quote on what they can see not on what they can expect to happen.
[Yes - I know things will improve markedly over the next 12 to 18 months but I am talking about the SP now and why it is where it is].
Yes it exists but shorting never has been and never will be the downfall of GGP, it can hold its own ground........very comfortably.
Z
Exactly that Antigua, unfortunately it is in the hands of the manipulators now and imo, Ggp and Shaun’s reluctance to engage or acknowledge what’s going on speaks volumes, but I’m just holding like most and hoping we don’t get royally screwed but it’ll be my fault for not selling and as usual the system that only works for the rich and powerful (disgusting scumbags) win. All I can do is wait and see
Ben don’t worry you can get tablets for it these days.
Sorry folks looked like it hadn't been sent.
A man after my own heart Berumpson1 I've still got Glencore and had Redrow the builders for a short speculation not long after the covid first wave.