The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Tom, think you have to admit defeat on this one, I'm not even going to talk about what percentage dividend should you would need to get to the numbers you would need, besides ggp doesn't pay any! Nor do any other AIM stock I know of. EGO has got the better of you at some point, but we all have one. Take it easy and good luck with your investing.
Saw a post a few days ago from Mercedes man who follows investor x on twitter and apparently this guy has called it right a few times in the history of ggp. He said November the 5th will be an early Christmas present from ggp. Does this date marry up with the newcrest report?
Tom, no one is saying you Carnot hold 12m shares but the maths to get there is the question, and from a starting point of 15k you are not getting there in two years. You might have 12k worth? As stated you started with 15k and lost on some other stocks.
No body cares, have a good one, think we may see 1.5p soon :(
Will this sp ever stop falling, we could see 1p at this rate. Think people are getting out of riskier assets classes, I'm staying for the result of haverion and other assets but think I'm going to stop looking at this sp!
No body is saying drill results are going to vanish? Ore body size is a tangable figure, one that can be understood by the market. Drilling a hole and then another one of to the left and saying there's gold in them isn't the same as saying we have found a 10mil oz resource worth ...........?
Perhaps you understand the drill data more than most, perhaps as an Australian, I don't know but perhaps the market needs to be spoon fed, in the end it couldn't hurt could it?
Looks like we are sliding back, but got to think about the long term, once proven up this could fly, GH has to pull something out of the bag to stabilise us? A estimate of ore body size in million oz would be good, rather than "potential to be a large underground mine"
We all know it has the potential to be that, but how big is it from your current data, they must know or be able to estimate what they have so far.
Plappers if you want short term returns then you are better off in Newcrest itself, or Kirkland lake, or an actual producer of gold and silver, there are a few, Eldorado Gold is 70% up over the last 6mnths Santacruz silver 100% up, silver one, Eric Sprott put 1m into and can do 10% a day on a good day, this is a longer term play and there is a great audio clip out there by a wilhelm middlecoop who runs the discoveries fund who invests in discovery projects and holds 1% of greatland and he states that one day a penny stock discoveries company will sell for over 1bn and likens it to the tech market. We might be it, but not until the cash hits the bank, and then we will see the SP go ballistic.. To be honest who knows, but this board has some great info, and people, wish to thanks Paddy for his great work, Reddirt for his intel and all those who post.
Plappers, we currently turn over nothing, no assets and yet we have a 65m market cap. Until we do generate money via our asset,or assets, then we are worth what exactly?? We have no assets until Newcrest say we do. I am as frustrated as you, and believe we should be at 3-4p by now as we are on the cusp. But we are not there yet.
We will be, of that im pretty sure, but right now we dont have a signed contract saying we are going to receive a large amount of cash be it 300m or 3bn. Think the junior miners is a very undervalued sector and the discoveries market even more so, and thats where we are. The markets are pretty sceptical right now, as am I, carnt help but feel its all going to turn to crap in the next 6-18mths and my position is mainly cash but might buy physical bullion.
But we are in my opinion in the right sector of what will be the only market worth anything shortly and the tide can turn, but until we have a solid offer, or the market does turn and we go down first and later up, we are going to have to suffer lol. Think you might be right, in the short term the traders may get out with what profit they have, but not sure it will go to 1.6p as there are a few more Aussies who know whats going on and may keep support levels around 1.8p.
Its rubbish, we all know, and you may get a better entry point if you sell but to be honest its not worth it, we have various assets and all with huge potential, but even with good drill data i dont feel this will shift the share price as the money, or those with larger amounts of it, fund managers are probably not allowed to invest in us, and without a deal on the cards we still have no assets or value on the books.
Do what you feel is best but I havnt sold or added from my original position. In the end we should do great if the world doesnt implode before hand!!
Thanks Paddy, just had a look through the briefing and noticed Telfer open pit is 0.5g of gold open pit, our black hills or firetower results were a little better than that with other previous drill results much better, so wouldnt be suprised if they wanted that too!!
Think Island girl summed it up earlier, it's all about the end game now. This share does not move like others. With good news we go nowhere as we are still based in hope, until newcrest give us a big bag of cash we are going to move very slowly in either direction daily is my guess. In the end when the news drops we are being bought out or we have a tier 1 asset about to be mined by newcrest then we should see the move we are waiting for, but that is in 6mnths to a year at a guess.