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.
half a billion tonnes!!!
thats astonishing!
Just for you Spy - here's a little calculation that I knocked up earlier.
You can add your own gold and copper grades per ton to come up with an acceptable figure but as a bulk mining proposition I think Havieron will pass muster.
https://twitter.com/paddygall1/status/1309397612051787777?s=20
ATB & GLA - Paddy
Sicilian Khan Was another one. A bit more sophisticated than most mind.
GL
Well put Coach.
Before I invested here I researched Ggp for a long time.
I'm sure investors are buying with no insight to what their buying into.
BHP are going with jv Encounter, looking at what their going into the copper ore is a malachite which is about 30% copper, carbonates and hydroxide. Some of these ores are more valuable as ore and not the copper. They have found however 6.8% concentration which is very high but there are few other minerals involved like in chalcopyrites.
So before you invest research, research, research.
bring back HAT...that's what we need. constructive, but in your face....lol
Spy
My thoughts exactly.
As a LTH I was never a prolific poster...I didn't possess the knowledge and didn't have the time for the intel. I was more of a peace keeper and reassurer.
It would be beneficial if the newbies read more listened more and post less.
A lot of the LTH don't bother as much now. Which is a shame because they have the greatest knowledge.
Ignorance is fine and one can be enlightened by others. The illusion of knowledge is dangerous to all.
Best to you All
Regards
Coach
I think Spy, you're forgetting all the good work that has been put in after the JV. Paddysat etc? The main reason we could see what NC was doing out there in the outback?
MS
Well, I’ll miss any action today. Off round the Edale Skyline. Good luck everyone. Be fun catching up later.:-)
And Stutoad - there were plenty of numpties back then too.
Never really been a prolific poster, but I recall the excitement leading up to the festive season before Newmont walked away, there was a similar level of new investment then and the board changed quickly from a few intelligent and knowledgeable posters to a hive of extreme rampers or de-rampers. The same here now but the magnitude has changed along with the SP. Anyway, hold for gold folks, let's have this conversation again in 18 months and see where we are price wise. GL all LTHolders.
ha ha ha, I remember Mibo. What a wind up merchant, him and RTC playing games all the time
Watered down but without the numpties seems pretty appealing right now.
There's no info to be had at the moment. The only info to be had is that we had a sky-rocketing price, in part because of excitement over the GDXJ buy-in, followed by a typical bout of profit-taking, probably in part from some short-termers who jumped on board for the GDXJ and in part from longer term holders whose target price was reached.
Possibly the MMs have taken advantage of that to close out some short positions. Lots of people think they are manipulating, I'm not so persuaded.
But that's the news. Here we sit, with a SP at 20 when it was 12 six weeks ago and everyone is upset because they thought it was going higher, and it briefly seemed to be. But that higher was based on hype, not on news. The news is good enough to justify a higher price but the news is not why people bought and drove the price up to 25-27. So when their reason for buying was gone, they've been selling.
And those who didn't know how these things worked and believed the rampers that last Friday was going to drive the price over 30 and it would from there just launch even higher, those people are upset, frustrated, depressed.
It's hard work to read all that geology and specific gravity and copper concentration and think about what those other byproducts are, it's hard work to think about AISC and toll processing fees and CAPEX and all that stuff. If you'll do the work you'll feel pretty confident about this share and decide the current SP is way too low. Or trust Bamps on that if you are too lazy.
Don't buy GGP because GDXJ bought in or because they are likely buying another big swathe of shares in December. Or if you do, don't get upset if you get bit by the very share volatility you tried to leverage.
Now we're onto the next big hype thing, mergers and acquisitions. These things happen if they happen when they happen. Don't trust some lion or some bowl of soup on a bulletin board. Do the research to find out if we've got an asset that sustains the share price. If we do, buy and hold. Maybe you'll get lucky and an acquisition will come along some time and make you richer than you expected. Maybe not and you'll end up getting nice dividends for the rest of your life.
These people with "inside knowledge" are just as likely to be LTHs who are pumping while dumping, or STHs who wanted to take a profit and want to ramp the price back up to where they want to sell. Those with inside knowledge of M&A activity who spill it publicly are liable to prosecution, so those hinting around about it are, 99% of the time, just lying or deceived by something they heard.
Older, your right, im just recalling pre newmont and then pre J/V.
those were the days. times change.
Spymaster25, I think the answer to your puzzlement is that you are pining for the Good Ol' Days when GGP was a discovery situation with massive bue sky ahead for everyone. Now it has joined the ranks of being discovered by all and sundry, with a £1bn MC to boot. You can't keep the riff raff out any longer.
Aye, the telegram group was an interesting thought but with 600+ members it got a bit much. I think there's probably 15-ish names I recognise as GGP people.
And I recognise that I'm not a frequent poster - just a lurker for about 16 months ??
I dont care much for private boards to be honest. if your going to pass info around without the masses knowing, do it by a phone call or email.
Agree MS. GDXJ paid a premium for their shares as there is no other justification, at the time, for the 27p paid. Those who got stung jumped on the bandwagon without understanding the situation and bought in at far too high a price. As you say....greed!
silver is up
gold slightly up
main indices up
probably a blue day across the board.
In my experience even the private boards end up with some numpties who manage to worm their way in and make less than useful comment. One became a general chat board at times.
Kempy, people who were buying that high and got stung let greed get the better of them.
As I have ben saying, that GDJX listing is nice but only a confirmation of what is happening here, not a game changer and hence nothing really changed from beginning fore the GDJX. So there wasn't really a material reason for rocketing to 27p, well apart from what was known and indicated before.
Time will settle this again and we can get back to informative posts.
There is plenty of time in the sun here to come, that I'm sure of.
MS
Its worth remembering that at close on Friday 11th September we were at 19.9p, and awaiting news from brokers and Scally results. Not much changed really LOL. Patience boys and girls. GH has it all in hand.
Spy, I'm not sure if I've seen a post get a 3 figure rec... yours may be the first.
I agree 18-20p about right until news on Scally or NC Quarterly Report.
Possibly, I am quite happy to keep yesterdays update from my mates to myself anyway, it will jsut get lost in the nonsense. I tried that telegram site. there is no info on there, or nothing thats not already on here, just a watered down version of this board without the total numpties.
A lot of the herd got stung this week following Fridays buy in at 27p and then the drop. They will disappear soon whilst the LTHs will be here for at least another 12 to 24 months if not longer given the potential. Hopefully the information etc will continue to be shared and the board will get back to being one of the best. I try to ignore the stupid comments and dampers/derampers or filter them. Hopefully MMs have enough shares to fill the orders they clearly have. Buys outnumbered sells yesterday yet price down can only mean filling at a set price.