Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I have to say that sadly I have 'not ' as yet got a free ride and that is a concern on some nights, truthfully, as this is a risk and my average, tho not too high, is higher than most of the LTH's here.
As I have admitted before, I keep bypassing my top slice targets as the news comes in and I see this as more and ore de-risked. My only caveat is that it is AIM but let's be honest guys...where else is there high risk but oh so high reward potentially ? AIM!
With GH not being a typical AIM type in my view, he eases my worries to an extent. If I topslice at all it will not be for the full free ride, but for needs must if necessary and only a teeny bit off the top.
For all of the reasons we have shared I have a curious added faith that this will come good. Hope lady luck is on my side!!
GLA
TomE - in that case, you are one very lucky, happy, confident guy!
It must be a fantastic feeling, knowing that your family are safe and you have everything to play for and nothing to lose.
I passed the point of skimming off the top to recoup my investment and have allowed the stash to stay in the pot until Gervaise sells GGP, I suspect...which hopefully will be within the next 12-18 months.
Emjoy.
Z
A great thanks for all replies and for any more in the pipe line. All food for thought and I feel a bit more relaxed, thanks.
ATVB
Tom:-))))))
TomE - In a very similar position as yourself, am convinced that there is more in this share, especially next week. Scally and other tenements could add even further.
This was why I asked the question last week regarding risks. Every now and then I consider what it would take for it to go wrong:
1. Complete crash in the price of gold - mmmmm I don't think so.
2. MRE shows that Hav is significantly less than we have been led to believe - well GH and NCM have both been saying that this is a significant find with SB wanting to start mining tomorrow.
3. It all takes too much time and GH goes for a cash call - he has already said that he would not dilute further but would take loans!!
4. Either by fair means or foul, some form of corporate action has us being bought out (either company or Hav alone) at a knockdown price. Here I have to have confidence that GH, CB and our BoD will not allow this to happen.
Like you, I have determined that the risks are clearly outweighed by the potential rewards and am therefore relatively comfortable with my rather overweight position.
Unlike you, my average is much closer to the current SP so I do not have as much wiggle room for comfort. This is why I am keen to see the results next week and the impact that they will have on the SP - this will put me in a more comfortable position.
Regards
RA
Hi TomE...We all hope and trust that this is heading to 30p plus but you need to consider your options if it does not! Obviously a lot of research has been done by many and all - but my advise is always hedge your bets (I hate using the word "BET" but that's what we are all doing even though its researched and measured) so I suggest always have a hedge otherwise if everything goes bad (I personally don't see that happening- but you never know for sure) then you have a best of both worlds. The question to ask yourself - will you feel better winning more than the profit you have? or would you feel worse knowing you could have made more!? ALB
99.76% invested in GGP (only reason I'm not 100% in is that the other 7 ''Dogs'' I'm invested in are worth so little they aren't worth selling after dealing charges! LOL!)
Always been a ''s h i t or bust'' play for me ever since Newmont walked, and now that IMHO we are as de-risked as is possible with an AIM share I'll be here until the bitter end (whenever that may be) hopefully for the ''untold riches'' that could come with it! ;-)
Here's to next week, it's (hopefully) gonna be a ''doozy'' !!
GLALTHs
Zoros hi,
No worries as I forgot to mention the words "Free ride" all the way !!!
TomE I also only own GGP shares and my thinking is exactly the same as your view, obviously there will always be some residual risk with anything. I am in good profit percentage wise at the minute and as you say even if it falls back a bit I would still have made a nice profit. I am very happy with the risk to reward at the moment.
Tom, I am finrmly with you. Havieron WILL be mined. All the stars are lined up and the ducks are all saying the same thing. At worst case scenario we sell our 25% of Hav, and based on the conservative estimates of the resource that is still a hefty $1Billion. 20p special div, and then the rest of the assets are worthless and the BOD use the remained to squander on drowning their sorrows.... Unlikely, IMHO, but still a nice return on investment for all. And then we all sail off into the sunset.
Obviously, my personal expectation is a bit north of this, but not a bad worst case scenario.
Hi TomE.I have to say I agree 100% with you..that is my estimate but can't see this having any bad news. We know MCN will mine. SB has already put in for the permits and with the larger camp and job advertising this is a no brainer..So yes 100% with you
I'm in a similar position, only have a few eggs hopefully this will be the golden one.
Can't say I agree TomE now you ask.
It depends what would happen to you and your dependents if your "all in one basket" did go south, I guess. It happens a lot on AIM, too. Several on here have been burned by SXX and others, I'm sure.
I know of one guy on SOLG who has put his and his wifes entire SIPP's and all their savings into the company.
Makes the mind boggle if it turned ti t s up.
My mantra (and it has been sorely tested here @ GGP!) is spread my bets.....atleast then, I can sleep at night.
Z
Same here but hopefully can take some profits and go back into Allied minds and share the risk
I welcome any serious views from other investors with the following thinking :-
I am 100% now with GGP and no others having sold all and bought more here. My thinking is this and the reason I am totally with one company now and that's here.
Over the months I have increased my holdings here up to this point in time and the way I see it is that Havieron alone will be mined. Let's forget about all the others assets for the moment. As I said Havieron now at 12p approx will go ahead IMO and with hopefully great news next week we could run up to around 15/20p. Now if the news is not so great and we fall back to 10/12p many would still make a lot of profit even at the reduced price. So if the worse happened we would still have a SP of around the SP as it is now, maybe a bit less but still a very nice profit for many investors that got in around 2/3p. So as far as I can see its still a no brainer to hold and wait for whatever news comes in, as Havieron will go ahead with the grades we already have !!!!!!! not taking into account maybe more goodies next week, NCM will mine Hav IMO, they need whatever they can find to feed Telfer.
Now if we strike at Scally or any other asset its a bonus and will obviously attract a higher SP. If all others projects fall away and nothing goes ahead we still have Havieron.
The question is has anyone any doubt that Havieron WILL be mined, if not there is no risk whatsoever. That is why I am totally 100% in GGP.
Many say I may be silly to have all eggs in one basket but I just can not see this going pair shape!!!!! IMHO of course.
Cheers and does anyone have similar thoughts on these lines ?????? I hope some others agree.
Tom :-)