Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Very valid points on the sentiment and general market conditions. Here is the scary part - it might get worse according to some. Not aimed at GGP but at the markets in general. In the event that a coincidence of events trigger the fall in the markets it might impact miners in the short term but there is a high likelihood that even if they are impacted, the impact will be shorter and not as severe and they are likely to bounce back higher and stronger. So in short some more potential volatility (might be the understatement on the century) BUT along with other gold producers (by that time) GGP will be one of those life rafts in high demand.
".Without volume and favourable market sentiment etc , sp's are going nowhere .This has nothing to do with SD , but has everything to do with the current AIM market climate ."
Spot on. I shared this video yesterday and 16min48sec Bob discusses this very topic. Volume, sentiment, and when to buy. Worth watching and only a few minutes of your time.
https://youtu.be/ML_xEzuVRf4?si=vJsaLki-cutwhKp4
Petejh, thats a fair and balanced post . An associate of mine was in relatively early with around 250k invested .He watched his holding soar to around 3 million quid and still refused to sell .He is back down now to around break even .I suppose we can all use hindsight to influence our emotions , but that chap must be seriously fed up now .I remember the " sit on hands " advice well . I also remember people buying in , in the 30s and watching it rise to nearly 40p .Its hard to believe what has happened here but its not just ggp that has suffered. I put most of it down to market sentiment. AIM was everybody's darling in 2020 , but money has moved away from the juniors , and that trend has continued for 3 and a half years .I also think there's a tremendous amount of under counter skullduggery going on too .At the moment it doesn't matter what companies are doing ,or how juicy their assets are .Without volume and favourable market sentiment etc , sp's are going nowhere .This has nothing to do with SD , but has everything to do with the current AIM market climate . And looking at the evidence, if GGP discovered another havieron tomorrow, some organisation would attempt to mark it down .These are pretty much unprecedented market conditions , certainly worse than i can remember, and im going back a long time too .
Petejh - a couple of observations:
1. This is mining - 7 -8 years is roughly half the time for a normal discovery to translate into production - and remember on a small % of discoveries ever make it to production.
2. Investing in the early stages on hope is a strategy - its a high risk strategy but it is a strategy.
3. Well done on monetising your profit as you did - many here are envious and wish we have studied and understood the Lassonde curve back then.
4. Having now researched more fully the Lassonde curve I am looking forward to the second and larger wave - not guaranteed but the POG and copper upsides and disconnect between miners and POG could make the second wave steeper and longer than many think possible.
5. Put some of these shares into my pension pot - long term - its my strategy
6. Psychological games - 100% - the games represent a huge % of market activity and played at all levels. Anyone thinking the Fed is not playing a game at the moment for example might want to think again China is playing a game - a very open game for anyone interested and wanting to take note. The only question there is how much of their CB gold purchases are not disclosed.
7. Despair of PI's - yep I get it. In part a reflection of todays instant gratification culture and also I suspect as result of inflationary pressure on day to day living and a back drop of falling SP - a double whammy.
8. Your recommendation to switch off - agreed - although my money is on this flying in time.
ATB
A lot of nonsense talked about MM's and manipulation - the bare fact is that GG is spending a lot of money with no income stream - they want to mine Haverion but havent the money to get the other 70% over the line - its still not clear and nobody will answer the question - who is going to pay the other 70% just to re-start the declibe - I currently think nobody - so the decline will not restart until the who owns the 70% is decided...the aquifer is a convienient excuse/stop point until the new owner of the 70% decided....I thought I would come back in at 5.5 and had order to do so yesterday - but now i think I want to come in at less than that..
Hi Pete, same boat as you, made a killing at the high of the share price, now on a free ride but must admit its not great to see free money evaporated by the aim casino, so bottom draw for now until the crooks finish with there dodgy deals.
The same pattern of the last few days
A Market Maker is being supplied with shares from an Institution soon after opening, therefore a marked-down to get rid of them. And it seems PIs are happy to get some at those low prices.
Have they finished selling them?
Gold price UP by $18 to $2348
"I do think a psychological game is being played here on GGP holders - gold and copper are ripping and looking like it's the start of the next long-term uptrend. To deflate the GGP price in this environment has 'force some pi's to capitulate in despair' written all over it. So if long term holders are feeling he pain here then they'd be wise to switch off and ignore until it eventually flies .."
I agree. The disconnect between the share price with the gold price, copper price, resource size, resource potential etc is surprising. Until we have clarity on the future direction of Telfer + Havieron I wonder how long this will persist for.
Q3 for the dewatering to be completed I think
Zoros that's all very nice but a strategy of waiting 7-8 years for an uncertain return on your investment is no strategy, it's 'hope'.
Someone could write a book about the lost generation of investors in GGP who didn't sell high when they had a chance to make huge profits. I'm one of the few who actually made a killing on GGP and it was by selling when they were stupidly overvalued at the peak of the exploration excitement in 2020/21. I've kept half million shares in the bottom drawer for the endgame. Hopefully the story ends well, I'll enjoy the little uptick in my remaining holding if so but it doesn't matter for me.
If I'd held the lot - because of the 'future sunlight uplands' then it would have been one of the worst investments of my life and have cost me so much in opportunity that instead I got to enjoy over the last 4 years, while other investors have sat on their hands thinking wishfully while unable to utilise the money for anything else. I do occasionally wonder if the fabled cheerleader 'PaddyGall' ever sold any of his tens of millions shares at the peak. I hope he did. Or if he sat on them all and is now looking at a gargantuan cut to the gains he possibly could have had. Still, just a bit more patience and long term investors might eventually at some point get nearly the return they could have had 4 years ago... Truly bonkers.
I do think a psychological game is being played here on GGP holders - gold and copper are ripping and looking like it's the start of the next long-term uptrend. To deflate the GGP price in this environment has 'force some pi's to capitulate in despair' written all over it. So if long term holders are feeling he pain here then they'd be wise to switch off and ignore until it eventually flies or properly crashes. Both outcomes are still possible.
The decline we need is not in the sp but at the mine. Is the dewatering of the acquifer complete do we know?
Interesting all those 1000 share buys at 08.20 this morning.
One thing is for sure they are not paying £11.95 dealing fees with HL !
the world is full of whingers and parasites whose only aim is to make loads of money today - not tomorrow. they don't stop to do their homework they just think the world owes them a living and they want everything now, no matter what.
there is very little left in this world where one can make great rewards for very little effort anymore. the saying "no pain, no gain" still stands, i'm afraid.
suck it up kerching - wait in line (others here have been waiting since before the mine was started and very few if any are ******** about it - and that is because they understand.
sorry you're in a rush - best you sell up, get some sleep and look for another instant winner, eh?
good luck and all that.
z
Pawlo- I have written the share off ....mentally gave up on it. I do however still hold a shade under 50k shades that i have averaged down on the last couple of years (won't sell them as i'm a glutton for punishment). I had a look behind my sofa to see if you were there as you would appear to know my portfolio. Couldn't see you but i did find a piece of old doughnut. Enough said.
Zoros -you don't know me or the other members who you think need to "grow a pair" . Get off your high horse, i like many others on here base performance on the current SP, not what it might be in 20 years time! If the continual downward spiral is part of your investment stratedgy and long term goal then you have got balls of steel. I do however wish all investors good fortune no matter what their views.
MH your statement was made following on from "Wyloo want a return on their investment."
To me it came across as a reference to Wyloo employees.
Thank you for clarifying.
Acechaser - search 'incentive' on GGP website within RNS
MH - Employees have incentives tied to the share price.
Who are you referring to?
There is an old saying that the trend is your friend until the bend at the end. I have a small holding here and it is the trend that has stopped me topping up. Lots of potential but we devour cash until we go into production. I await cash generation news...
The share price in my view is completely dislocated from true funamental value. Drivers at the moment are uncertainty and negative sentiment, as opposed to valuation based on whats in the ground and potential future cash flow / value creation.
Shaun Day unfortunately has assembled a strong team who have proven to be ineffective. I am not sure what the BoD has actually contributed during his tenure so far.
We need clarity on Telfer and the construction / mine plan going forward.
Yep, heading down daily, relentlessly. No end in sight. 3 p coming.
No NTL.
I'm no guru at this but interesting chart. A MACD Bullish divergence has formed since Jan/Feb with a tight channel down. Looks good but could retreat to 4.8 before a reverse.
https://ibb.co/q9D9Lwk
Predictions - Down to 4.8, up to 13. Retrace to 9 then up to 20. Continuing pattern of pullbacks before higher highs as gold comes out of the ground. 40p target for me. Down from my 44p target a few years back!
This has been one tough share to be invested in though I have found it very interesting as I've probably not be so engaged in a miner's unfolding story before. Bought more today at 5.6p.
JD was this comment directed towards me.
Pointless arguing with strangers on the internet here. This company at some point, when they can actually do so and not beforehand, will provide a market update on the decline, the aquifer, and hopefully buying Hav and/or Telfer. In the meantime nothing we write here will change what the share price does. Nobody likes a falling share price. Either hold on for a change, or buy more, or sell. The Board know of their duties to shareholders. I am sure that Callum is not pleased seeing the share price given his 100+mill shares when he said to Liam he believes the company is worth a lot more, and he is patiently waiting like the rest of us. Wyloo want a return on their investment. Employees have incentives tied to the share price.
Oh come on. You can surely do better than that. Try at least to understand why that cannot happen and then you may at least not make uneducated statements. Everything after in your post is built on that premise proves what everyone, including those close to you... think of you. An idiot, if they want to show they are an idiot only needs to open their mouth.
You need to work a lot harder!