Member Info for Broomfielder

Certainly not a 'pump and dump'stock.
A refreshing change to see a Business Plan being worked steadily by people who know how to operate their chosen model.
Clearly not ones to over-promise and under deliver.

When the SP is on the rise, its amazing how many people get caught up in the enthusiasm and end up buying or just paying more than they intended.
So when prices start to show some weakness, its amazing how often the reverse happens (despite any real underlying news being responsible) when some investors clearly get panicked into selling or at least reducing some of their holding.
If you add in the Investors who always 'know' they can buy back in cheaper, you do tend to get troughs being exaggerated in the short term.
In the longer term, provided the fundamentals hold good (which I think most of us believe they will), the SP will resume its stability shortly and thereafter move upward on further positive news etc.

Well, quite a day!
OK guys, hands up all the rest of you that have 130m shares in GGP......?
Its not often I guess that contributors to any bb will deal with those kind of numbers, but I may be mistaken esp if a large show of hands appear.
Although I topped up again today, its clear I have more than a fair bit to go yet.

Even with all the 'positives' applying to GGP, we need to remind ourselves that we are still an exploration mining co listed on AIM.
The fact that the SP has largely escaped any volatility certainly in recent times is exceptional in my my view.
So perhaps a bit of 'churn' in certain investors shareholdings whilst being inevitable, has spooked some of us somewhat.
A bit of reflection on the fundamentals applicable here will highlight it as a buying opportunity.

Thanks for these posts Soundofsilence.
You can of course 'read' Newcrest's comments on Telfer a number of ways.
For me, they are just manufacturing a negotiating ploy re: Havieron. Despite push on drilling at Havieron, suddenly they are trying to play it cool with another option which he is saying could have both time (and probably cost) implications for the development of Havieron.
Just floating the idea will create an element of doubt in some peoples minds.

It also sounds as if the process is an expensive one (as well as a time consuming one), so lets hope there is a purpose and objective behind the machinations.
After all, its not as if Rur are a trading co and perceives an upturn in demand for its products etc., so we can't help but be cynical as to the motives here.
Naturally if a Dividend is paid, then we will all be delighted of course, but the world tends not to work that way.

I think you have got all points covered there Optimist!
I guess I am not alone in hanging on here as much out of curiosity to see what if anything happens in the coming weeks.
Beyond that, I will dispose of my remaining holding - after all these years, its now the last of my original 10-12 'risky investments' in AIM Cos. And they certainly lived up to that description.
Best of luck everyone.
B

originalharrystamper - having sold out earlier, you are still contributing here.
You are a star.

I agree with what you say Tigg - I wasn't saying the Australian Gov would (adversely) amend the existing Tax system. Rather, that faced with economic and other crises, Governments often move in strange ways. We should simply not lose sight of that.
However, I for one, would find it difficult to understand if the existing tax regime was altered. Why threaten the Golden Goose etc........
Rgds.
B

Absolutely agree chromeinvestor.
Allied to the key points mentioned must be the added benefit of location (of our resources and prospective mine). Its domicile within one of the world's most favourable environments for mining, coupled with our JV with a major miner whose HQ is also in Australia more than just ticks a couple of boxes.
Also, the fact that Australia, along with many other countries, are showing significant economic stress arising from the Covid pandemic and thus with increasing unemployment, I would doubt if its tax system would be altered in any way to threaten further development and Capex etc.
We should not be blind to such risks but realistically the Aussie Gov are well aware of the strategic importance of mining.
Altogether, a world away from Regimes in other parts of the Globe where Nationalisation (aka Sovereign theft) of assets paid for by others is regarded as some kind of legitimate Business Plan.
With GGP and a Management that knows what its about, we have a lot to be thankful for.

...after more years than I can actually remember, I have exited my Orm investment.
I had run it down in recent times and whilst I am not wonderfully happy at losing just about all my cash here (hard to believe this stock once traded over 10p based on little more than hope), also sad for many of the genuine original participants in Orm.
Never the same since the late Kerr Anderson died some years ago - now he was a genuine CEO who would speak to you PI's direct. Other shareholders may have different views in particular with regard to a certain opportunistic takeover approach but I always regarded KA highly. A thoroughly genuine guy. There is no comparison to be made with the existing Exec incumbents.
As theoldbee said, I am probably (also) leaving just before news breaks. So be it.
All the best to new and lth's.
B

Clearly I am absolutely useless at this 'topping up' game. Thought I had a bargain yesterday and then what does the SP do......
When I am on, many many thanks to the very informed contributors to this bb. You know who you are and if even half the punters on here make the millions oft referred to, we should organise a public round of applause for them......as well as a few drinks of course.
All the best.

UK Investor - as a broker, I am sure you absolutely right. My previous involvement with them was in connection with a corporate aquisition (not with my money!)

Wholeheartedly agree UK Investor - even if our BoD were in tge midst of negotiations to buy another asset/entity etc., you would have thought it a good idea to leverage their existing assets to maximise their SP.
A bidders capital position is more than a tad important in potential acquisitions, if they were ever genuine in their pursuit of such.
Nevertheless, assuming TA has a quite different endgame in mind, his advisors should still ensure he achieves the appropriate return from his capital play which could just benefit the wider shareholders.
I have to say my original investment in Orm many years ago was influenced by the involvement of Davy as corporate advisors and latterly as Nomad, whom I had dealings with in the past. They were impressive then but IMO they have been largely invisible in recent years.
Lets hope things can only get better........

You would have to think 'something' is happening behind the scenes (beyond squandering the sale proceeds from Barruecopardo) and clearly TA's significant and increasing shareholding is a fairly obvious area for speculation.
So, despite the oft voiced criticisms of the BoD's performance (with justification IMO), they must surely be close to issuing some sort of public announcement on the way ahead, even if it is only their collective resignation.
Corporate governance comes with significant responsibility, not that we should need to remind our BoD of that.

Well said DInoken.
All sounds a bit like the rubbish spouted by the Directors when the 10 : 1 share consolidation was announced.
It really worked (sic) - today's SP is equivalent to 11.5 pence pre-consolidation. That tells its own story.

Bl**dy H*ll Heid! And thats a top up?
Clearly, I'm out of my depth here.

I wish my loss here was only 65% UK Investor......in truth its a lot higher.
Orm is/was not alone among my AIM 'investments' which have lost me substantial sums over time and whilst I was a lot more successful a number of years back, things have gone a bit downhill over the past 10 or so years.
So maybe if you see I'm invested anywhere, perhaps not the best indicator you want to see if you are looking to profit (as I guess we all are).
All the best.
B

I do hope you are correct MM.
As a lth, all I am now looking for is a reasonable exit on my residual holding here. I have long ago kissed goodbye to my original investment and its resulting huge loss.
Best of luck.
B

There were times when being an Ormonde shareholder was actually quite exciting........ unfortunately this isn't one of them.