Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I've got 60% of my GGP in a 212 ISA and can attest to the illiquidity there. ISA shares cannot be lent out but that's scant consolation knowing they are lending other shares to bring your investment down. I'm no longer adding to that ISA and using IG now instead. Oh and the 212 spreads are normally greater than others.
Maybe it was a strategic decision. If we think we know the score then so do those who have less than honourable intentions. This is the perfect way to shake things up a little, and if future news is as unpredictable it will shed that little bit of uncertainty into the shorts/bears game which can only help up in the long run!
I found myself in a similar situation last year/early this year due to not being able to work cos of restrictions. I only sold off the bare minimum to get me through any immediate need. I ended up selling about 20% of my holding and a little above my average. I have since bought that all back plus extras from my early retirement fund. I bought some more yesterday (wish I'd known about today) and I'm happy where I am with it. Yes I'm down on both my ISAs and also my two tiny investment pots but I've now got money in the bank and my meager pension to keep me going until this turns (and it will).
Point is, only sell what you absolutely need to, to get by, it will turn around at some point, and better still, don't put yourself in the position in the first place (lesson learned here).
I rarely post here (or anywhere for that matter) but my thoughts are, with the Chinese miners being blitzed there will soon be a shortage of mining capability. Mining will suddenly become much more lucrative and more sought after.
We should be in an ideal position to start mopping up once the initial panic subsides.
Not sure if that logic is faulty but from what I'm seeing and reading it seems to hold water.
I'm on T212 and did try trading it last year. I found it very difficult due to the very poor feed back from 212s charts which could remain un-updated for hours at a time, the very slow filling of orders and my inxperience of trading. I came out of it gaining but only just and I don't consider it worth the stress I went through during the days I was out trying to get back in. I'm happy to just leave them be.
These latest results despite what the share price is doing. I'm in since August so am still up but obviously not as much as I was, but holding on for my retirement fund. In a month or so I'll get money together to fund my new ISA and no prizes for guessing what I'll be spending it on.
It's great to see they have almost finished the box cut and shotcreting. I'd love to see some photos of that. And whilst on that subject I wish they'd show photos of some of the cores, that would be a nice shot in the arm.
I know not necessarily pertanant to our GGP investment but my other half sent this that made me chortle (if the link survives)
https://www.facebook.com/foilarmsandhog/videos/269854221156496/
I think it doesn't matter a bit whether Shaun buys or not. We've had a glut of good news and it's made no difference. GH bought shares, a great result from the latest have drilling and GGP buying a new promising tenement yet the price still drops. We PIs have a lot of shares between us and we are holding but our purchasing power for new shares is limited. We are hopelessly outgunned by the MMs who can move the price to exactly where they want it to be and we can do naff all about it other than hang on for the ride.
As sais by others, this will go back up to realistic levels but that will be no choice or ours, it will be when they decide (once their goal is achieved).
It sickens me, it should be illegal but it seems not or the powers that be turn a blind eye. I'm still in profit for the moment but have lost most of my paper gains from last autumn. I will not be selling to these crooks no matter what.
I don't know why it has to be up to a computer to decide buy/sell based on timing/price. Surely it has to be the easiest thing in the world to have an automatic tick box filled in when a transaction is placed based on whether the buy or sell button is pressed. Maybe this exists already (I find it hard to believe it doesn't) and the powers that be just don't want us to know?
Still holding for gold.
Yep I've tried all combinations of orders and all different prices over the past week and none of them have filled. I have outstanding limit order at this time for 1.5 mill at .0007 and a market order for 250,000 and I'll just leave them be.
I just remember the GDXJ pull back, it just seemed interminable. The same as here it dipped further and longer than we ever thought.
Then suddenly the clouds parted, the sun came out and the pressure was off. We then rose steadily to an all time high with a brief pull back to honour the departure of GH.
This feels exactly the same to me so I know there is sunshine ahead. We just have to keep warm and tight til that happens.
Absolutely, the motherlode is there somewhere. It's only a month or so until drilling is resumed and I'm sure the priority will be to use all of the information from the previous drills to start narrowing in on the main body.
Bamps, I know 100% more than I used to about mining (which was previously zero so that's not saying a lot) but do I remember reading here that Newcrest can only extract 2 metals from the ore at any one time? If that is true, it seems like a waste that other elements have to remain in the tailings or is there a way these can be reprocessed to remove the remainder such as cobalt etc. or is it simply not economical to do so? Sorry if it's a stupid question, still learning.
A masterclass in geology of which I understood very little but it all made sense... If that makes any sense!
Thank you for a huge amount of work which demonstrates a gold standard of information available to us lowly shareholders.