The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Im by no means an old timer but my two pence worth is this..
I was lucky enough for my dad to mention GGP to me after he had been recommended them by a friend of his in 2016 when Newmont were looking at Ernest Giles. It was my first ever investment and Newmont walked a few months later and the price went from c. 2.2p to 0.5p over night. I held on mainly because it wasnt worth selling! But learnt two valuble lessons, 1. If you believe in the fundamentals, hold even on the drops. 2. Buy when given a chance at a discount.
I regret not buying at 0.5p, but more importantly I'm glad I held on. Its through the selfless generosity of some posters on this board who are kind enough to share their research. (you know who you are) that I did hold and continue to do so.
I never post on this BB because I'd rather leave it to you guys, so I will go back to the sidelines. But heres another silent, but extremely grateful LTH.
99p paid
I didn't say third placing. I said it's a third fund raise. And I wasn't complaining. I'm more than happy to hold and add on dips. I was merely making a point that hypothetically something could have changed that would make them want to have cash in the bank. I actually think it could be positive news, reading between the lines.
Time scales as reported in the most recent RNS approx five weeks ago.
i. Plateau drilling programme
The Company has recently completed Stage 1 of the drilling programme, which consisted of reverse circulation drilling of 6 drill holes. The next stages of the drilling programme at Plateau consist of the following:
Β· Stage 2 - Reverse circulation drilling of 4 drill holes, for 897 metres, and diamond drilling of 6 drill holes, for 1,664 metres, expected to take approximately ***three months***.
Β· Stage 3 - Reverse circulation drilling of 1 drill hole, for 251 metres, expected to take approximately ***one week*** and diamond drilling of 1 drill hole, for 779 metres, expected to take approximately ***two months***.
Thats because of the spread. The difference between the bid price and the ask price is relatively large (percentage wise) when somebody sells it shows the price of that individual trade, and when somebody buys it shows the price of that trade. The spread is large enough that those trades can swing anywhere in the region of 16%. Until they tighten the spread up anyway.
Hope that is understandable, and apologies for any confusion.
For anyone who's intrested you can follow the live price by following this link:
https://uk.investing.com/equities/connemara-mining-company-plc
The price shown is actually the price of the most recent trade in real time. At time of posting its showing 1.075p as the last price paid.
If you're right, and the placing shares have been worked through then any significant volume here will see us move north quickly.
Bought in here last week and I'm confident of a good return. Good luck everyone, and thanks to the regular posters. It's a good BB this one.
https://uk.investing.com/equities/greatland-gold-plc
This is the best source imo for the price of the most recent trade in realtime.