The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
Quitefrankly I honestly don’t need your advise on where to put my money despite the drop of 400K I’m still massively up but as a long term investor I’m waiting for the real prize which I feel from my own research won’t be far away. If this board upsets you which it clearly does then go take up fishing and leave it or better still don’t comment as your attacks on people are boring and lowering the tone of what was a very good board. I have my target price and happy to stay in and top up when opportunity’s like this week show. By the way also happy to lose hence why I’m invested in AIM, you either get out rich or broke and not allot in between. Good luck all
Tymers, good morning. I have the view that any future JV’s will be similar in terms as we have now for a couple of reasons, firstly we have to make it worthwhile to the mining company, secondly keeping a good relationship with NCM would be key to this, thirdly 25% of even half as much as Havieron will provide will still be very large nos. If we actually get a few more mines in addition to Havieron, add them up and you are talking about major funds year on year ! Just my opinion !
As we all know a gain or lose only materialise at the point of sale. The only sensible paper loss or gain calculation should be based on the purchase price. Any other point in time calculations are fairly redundant and open to manipulation to back up a point or arguement.
Looking forward to a factual update in the coming weeks from the company.
ATB
If you lost 400k then paddy must have lost double but hang on a minute you didn’t actually loose anything because you didn’t sell. The risk factor is what you can afford to loose if you don’t want the risk get out the kitchen.
944T
Assay risk; accessibility, feasibility, commercial commodity yield, poor management; 1
Political risk; 1
Change affecting risk score;
change of management, 1
share dilution, 2
poor drilling results, 2
Quitefrankly I can understand your frustrations, but you need to keep your cool. You are a good contributor, but don't get yourself banned it's not worth it.
@ everyoneonesawinner you've lost £400k why then are you in the Aim market for FS. Put it in Marcus bank paying 0.0001% instead, why at this time of night am I reading your drivel...quite frankly I used to be a level headed rational person but jeesus reading this crap, I'm becoming somewhat discombobulated with this board.
Elise1 I fail to understand what you are bleating about, it has been well documented that you have paid off your mortgage, well done .....but please don't lecture me on the worlds problems, if you are worried then do something about it, donate your profits made on GGP not to clear your mortgage but instead donate to good causes which you obviously feel so passionate about . Quite frankly I'm fed up with all do good ers spouting on about how bad things are without proferring a solution involving their cash!
Everyonesawinner - Hard to look at that drop I’m sure Even with a zero risk factor. A good lesson in why you never put your life savings in AIm! But given what’s in the pipeline, the odds are stacked in your favour you’ll be looking back and saying that feck I didn’t sell out at that, when it makes it all back and more. After all, a paper loss is only a loss when you sell! ATB
I’ve lost about 400 grand On paper this week with the drop but am really not concerned so my risk factor is virtually nil. I’m just amazed how the mms have moved this share over the past five days and have every faith once the brokers sort out their figures, Scally results are known and the MRE is released we will all have a smile on our face and be allot less concerned about the looming recession
Lena remember always something is only worth what someone is willing to.pay as yet we have no idea what this is and how much of Hav is priced in unless someone can provide hard and fast data? As yourself I have a preference for some retention ie create a cash position and year on value via dividend to shareholders with this we secure other tenements at a better percentage if we go jv ie the position of power swings our way. We have a very strong product and growing visibility in the market as such this will carry value gdxj further purchase , further funds adding etc so onwards and upwards and believe this week was the one step back before the next two forward but we all know there will be another step back at some point
Tymers.. 25.% of whatever Havieron produces is worth billions . .. and we don’t even know what the final production would be, I am estimating the MRE @ 12.5m Oz ,, this is revised up from initial 7.5m Oz after the current upgrade on the Brechia and more to come ! I have done a lot of research on this company and what Paddy provides, I have no doubts this is one of the biggest finds ever in Australia .., and I am still sitting on my hands. How it pans out is not an issue. as whatever way it goes we will all make money .. my preferred outcome is GGP keep their 25% and go exploring with the fair valuation of the 5% from Newcrest ... then let’s see where we end up!
Personally I think that a stock market crash is very much on the cards, but I'm not worried because the way central banks are printing money Gold/Gold miners are in a very good position. Demand will be off the scale because they are struggling to keep up with demand now, which is why I started to invest in gold mining 4 years ago. Gold, oil, and pharmaceuticals are where it's at in any economic crash, you only have to look back in history. The fact that Warren Buffet has invested in gold for the first time in his life tells you all that you need to know, the man is not stupid, which is why he is one of the richest people in the world.
Lenz as a major holder I am obviously weighted towards lower risk but Hav value to GGP? Duration of recovery of value to GGP a week a month a year? Scally and other tenements ongoing costs? Finance required can options/ warrants cover this? Many questions without confirmed awnsers as such we all manage accordingly and I am sticking with my prediction of 88p by year end just not decided which year yet.
Too many pharma companies thriving off the back of Covid for the stockmarket controllers to allow a collapse. Ask Patrick Vallance
Risk factor hmmm .. with the way the World is going just now re covid .. who knows but as far as GGP is concerned . I don’t see any risk, ... jv with a major gold miner .. massive gold find as yet unmeasurable, unless a Meteor hit the earth. We are pretty solid, no matter what way it pans out, total takeover ( give me the money ) buy Haverion. ( give me the money) Keep the 25% ( give me even more money every year )
@TMT Another welcome post.
Even having reached 20p there is (virtually) no risk at this level. Which is why I’m transferring a v small and underperforming
company pension next week to a SIPP and getting more GGP.
I feel risk is now much less than half way on the scale due to unpredictable MM shenanigans, global outlook, and unknown unknowns. But gold is in the ground at Hav and NCM are going doolally on it.
FWIW I feel we have all become a bit focussed on a narrow range of about 5p between 20p and 25p at the mo. So at this price risk is small.
GH and CB can take us far. We also need to reassess our risk every so often, so bringing this thread back every month would be good.
ATB
Tmt my risk factor is always based on unknowns rather than knowns. We dont know hav mre. We dont know scally first assay we dont know newcrest budgets we dont know etc etc . As such I weight more on risk in my decisions than lower risk this keeps me level headed and strict in working to my own strategy rather than the herd. I have millions of GGP stock and over the last couple of months without investing further traded with the only objective of increasing my stock position this allows me to make decisions either way with a clearer mind.
Buy the dips or hold on
Those who stay patient will simply have a bigger portfolio come mid 2021
It’s very simple
Very
Lenigas. He is known to be a dumper/ pumper and I suspect
he was doing his bit on the latest short selling attack. That guy is
not trustworthy and has the expertise and finance to move GGP up
and down. A nod from a friend who wants to buy on the cheap is all
he needs to influence a share and I wonder who was behind the latest drop.
This was on another thread but it so reminds me of my father, who taught me to invest by taking me step by step through all his investments and his reasons and his concerns.
Tymers: "If you all stop the clock now today and looked ahead and had a risk factoring of 1 to 10 ie 1 being 0 risk to 10 being High Risk where do you place GGP investment currently?"
What's your risk factor for short term, medium term, long term? What would change it? What would increase it, and at what point would you decide it was too risky? Does the risk-reward dynamic justify the investment? What would decrease the risk?
If you have considered risk factor changes in advance, then you will often recognise them immediately when they hit. If that happens, you can move (to add or sell shares) quickly to readjust your risk/reward balance and risk exposure more quickly than perhaps others will, and be ahead of the market.
For me, a big risk factor for this investment was that full benefit might not be realised due to SP being too low and so a low price takeover succeeding. That's why I loaded up when we figured out GDXJ was buying -- it removed that risk as well as most / all of the short term risk.
So, what's your risk factor for GGP and what would change it?
Short term, on a scale of 0-10, my risk factor is about 20, LOL. Long term, it's about 1. If Sandeep went to Rio it would concern me that it might damage the NCM/GGP relationship, but even then, NCM still needs Hav at least as much as we do. I'm pretty well convinced our share of Hav is worth above 40p / share, so risk is very close to zero at 20p.
What's your risk factor and what would change it.