Member Info for captbonio

it does.. thank you very much

All this talk of buyouts and the amount they are possibly going to spend confuses me a little. My understanding was that Newcrest will own 70% of Hav by the end of phase 3 with another 5% up for grabs at "fair market value" , whatever that means... So Newcrest only have to buy 25% to gain total ownership of Hav.. Will they really be spending the sort of amounts people are talking about on here for 25% ? Please can someone enlighten me ?

Your spot gold price was is correct.. Your spot silver price is way off. Currently $15.30. not $20

Never leave a sell stop in this market. Its like a red rag to a bull... or bear...

This CV19 related delay is hardly bearish, but it gives the MM's a chance to shake a few of the weaker, perhaps more recent buyers out by dropping the price, and getting some stock on their books. Given that there is probably plenty of buying coming in the new tax year, this represents their only opportunity to get ahead of the game. Buy this dip.

Interesting to see many mining companies coming out with their Covid 19 statements, that they are either reducing workforce exposure or in some cases shuttering the mines. This has had some negative affect on their SP not surprisingly. GGP seems to be in an incredible position in that production is not affected at all, because there isn't any, yet the potential in the ground offers a way to get gold exposure for those looking for the hedge. Win Win for us.

Completely agree

Corradus.. Thank you for that. I had similar thoughts but was using a higher grade and come up with about 9p mid case.. which has been my target for some time.

I am surprised at the severity of the sell off, but right now, whilst everyone losing their heads, cash is king, and any business not producing it is vulnerable. CV is spreading and deaths increasing so it is tin hat time. Govt measures are only increasing the fear it seems . At some point we will look back at these prices and wish we could have been buying here, but I cant do it right now sadly.

Have to agree, though maybe not as soon as this weekend. The face saving part comes later imo. I reckon the russians can hold out longer, a lot longer actually. Thanks for the link.

IMHO, the price is at a fair level between 4p and 6 p It rallies on good news and is sold into by warrant holders and traders, and drops back down again as a result to give great buying opportunities. The news flow is constant and good, so as an investor, everything is looking great. If you are a trader and haven't had a chance to take a profit then the usual MO is to ramp it up or get professional ramp teams to do it for you. The best way to do so is to constantly mention mad and unrealistic short term objectives, so often that they become ingrained in everyones imagination and dreams. Our Mcap is £170m which is not bad for a company which is 2 years away from producing an ounce. Given what has been discovered so far, it is reasonable to see a possibility of the Mcap being 9x this current level at £1.50b . As an investor, that is what I wait for. Its not going to happen anytime soon , but it will happen. Dont worry about the SP.

I wanted to buy this when doing my research for a pf rejig/refresh at the end of 2019.... its taken virus /oil price collapse / stock market panic etc to allow me to get in at the price i wanted... i have orders in to buy more down to 235, but i think its unlikely i will get them, but with volatility like this, anything can happen i suppose. I am also hold a good size position in PHE and AFC...

IMHO , we rallied on the back of a) quality asset , people still wanting in, b) people looking for gold related assets to balance portfolios and hedge risk, and c) fomo as it hasn't pulled back as much as some had hoped . We sold off due to a) general market collapse , b) non income ( for some time to come ) asset , funds needed elsewhere such as margin calls etc . Plenty of other reasons . GGP is a large part of my pf and happily so but being so far away from production it can be vulnerable to pullbacks , especially considering the high current MC . Volatile times are with us now and a lot worse to come I fear so keep it manageable. I have upped my precious metal % overall this last week, buying some ETC's and also producing miners. GGP is a must have in any pf though . GLA

Well said Sir.

My past failures in stock picking have only spurred me on to get it right. One definitely has to have a plan and stick to it. The amount of time I added instead of taking profit made the difference in being up or down at the end of the year. Sometimes the goal posts move, as in PHE so adding is right... VAL and so many biotech/pharma stocks only ever added waffle. i was blind to it... The much maligned down rampers actually add more value to the BB's than the never ending supply of ramptastic twats which turn up on every decent move up. Worth listening to them even if they are flogging a bear story... Keeps you realistic as to what your goals are.

Haha... You gotta laugh really. My Val down "only" 98.40% so I am way better off than you... There again Motif down 99.60% is my worst, and sitting much better are Kazera down 96.10% , Sound down 92.80% .. And I mustn't forget AAOG.. down 98%. Thankfully PHE and GGP are my reasons to stand back from the ledge...2019 was a year to forget. Despite this fall, I am in considerably better position. I guess you just gotta stay positive.

My first thoughts when I saw the exercise was that it was a CR and what a terrible time to do it, when everything is collapsing around us. Then i read it again to see it was a warrant exercise and it becomes somewhat clearer, though I would have to agree with Piltick et all that some would have been sold already. Everyone needs funds on moves like we have seen the last few days. Actually I am quite impressed with the lack of selling in this share. A clear sign of optimism. A steady day today , and I think its time to add.

25 shares bought at 1.68... I hope he knows what he is letting himself in for...

Thanks to reply. Yes, I take your point. The heavy lifting is done... it just a matter of how much they find.
Cheers
Capt.

Tiburn. I was surprised to see you on here. I only popped in for a quick look. What surprises me most is how active you are. As per usual you are full of excellent information and opinions but why are you plying your trade here? Isn't this just a basket case? i thought you would be better served back over at GGP where your commentary is sorely missed. That BB has been taken over by a rebranded Mister Positive and his cronies and its a cut n paste nightmare. What is it that keeps you here? Clearly i am missing something. I would love to know