George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
You don't just decide to change a CEO of a $1 billion company and then appoint a successor the next week. This will have been decided on by GGP, including GH, months ago, as a key strategic move to take GGP forward. SD will be the result of a multi-month process involving head-hunters, working to a brief as to what a new CEO should look like to take GGP forward as it moves from junior explorer to mid-tier producer; and as it looks to exploit any potential M&A opportunities over the coming months and years. SD fits that bill, so his appointment is great news. GH can now go and retire on all of the money he has made for his family (and 1000s of shareholders), if he chooses; or to move on to a new role doing something challenging elsewhere.
Relax
This new guy has been CFO of the 2nd largest Aussie gold producer for the last 6 years. I wonder why we'd want someone with that experience joining the company?
GH has done a great job but I think this is a recognition that his skill set isn't complete for a move to a potential mid-tier gold producer
Maybe stick to GGP and gold on here? Lots of views can be exchanged on this subject on Twitter.
Hi AHoddy
A few tips:
- you said you'd like to dabble. It can be fun, especially when making profits. But it can be scary and gut-wrenching if you risk more than you should and your investment(s) go wrong. So never invest more than you can afford to lose
- follow tips from others. But don't invest because a share has been tipped. Look at what they tell you about a company but then do your own research by reviewing the company's own website and RNSs.
- consider what you're after. Is it a quick return in a few months, a possible big return in 5/10 years, capital growth or income? Different companies have the potential to provide some of these things.
- ultimately you're looking for a company that is undervalued. That means the market hasn't yet woken up to the potential for it to make significant money in the years ahead. If you get this right you can make a lot of money. AIM is a good place for this as the companies on it are under-researched.
A tip from me is Horizonte Minerals (HZM). Undervalued (I judge), pending financing news. Once financing news is delivered in early 2021 the market will wake up. It has the potential for JVs to create two major nickel mines (think GGP, only in Brazil and with nickel). Nickel is in high and growing demand - needed for battery technology to drive EVs, for example) - and there are few Tier 1 nickel mines about. But DON'T invest in any share on someone else's say-so. It's your money so understand what you're investing in before investing.
Good luck with whatever you decide on.
Casey
GGP will have to release news on drilling results - positive or negative - if they are significant (i.e. they would be expected to lead to a significant movement in the SP). They cannot under AIM rules sit on such information and release such news when it suits them. Here's the relevant rule in full:
An AIM company must issue notification without delay of any new developments which
are not public knowledge which, if made public, would be likely to lead to a significant
movement in the price of its AIM securities. By way of example, this may include matters
concerning a change in:
— its financial condition;
— its sphere of activity;
— the performance of its business; or
— its expectation of its performance.
https://docs.londonstockexchange.com/sites/default/files/documents/aim-rules-for-companies-march-2018.pdf
It's standard practice to refer to the four quarters of the year as March, June, September and December. It is clearer than Qs 1, 2, 3, 4, where the number can refer to the calendar year or the financial year.
It's obvious that December quarter refers to the period 1 October to 31 December.
Hey Mirik
Try not to get too bothered about daily movements. You were right not to have expected 30p by 24 Sept. The price in a few weeks is really not important; it's the price in 2021 that will make you feel good about your investment.
We're not.
If you're getting bothered about the hourly/daily price fluctuations then this may not be the best place for you. You've invested in a company on AIM. Its SP fluctuates all the time. Very few have the skill, time and experience to profit from day trading. If you're not one of them, don't end up losing a load of money, buying, selling, getting in an out of shares, following the herd and chasing rainbows.
Instead, invest for the longer-term returns. Many of us who bought into GGP when it was at a fraction of today's price did so because we saw the potential for significant returns. We still do; and thanks to many great posters on here we get lots of daily, weekly intel to back up our original investment decisions.
You must have seen the long list of price-sensitive announcements coming up over the coming weeks and months. Just chill and don't worry about the SP now and whether it's up or down 0.5p on an hour ago .
After holding MTR for 4 years, I reluctantly sold my entire holding earlier this year, as I thought COVID-19 would be terrible for copper. I was right - in the very short term. I considered buying back in when I saw Michael McNulty's purchase (which was a real confidence boost) in late March/early April (I forget the exact timing). But I chose to focus on Greatland Gold instead - a good decision it turned out. But as I was making a nice profit there it was good to see investors here getting some well-deserved rewards for their patience.
But I've recently been top-slicing my GGP holding. Not because I've any doubts on the investment case there. It's just not healthy to hold a really high percentage of a portfolio in one company. And I've been reinvesting in companies - MTR, HZM, ARCM - that I held before and I think are good, long-term investments.
MTR looks stronger than ever - well-led, and with a really impressive portfolio of investments. So I'm delighted to be back on board.
Please remember that getting angry with trolls; getting into online slanging matches with trolls; and debating trolls' motives all never work. Unless doing any of this gives you pleasure, please just ignore them.
No - bought at 0.30p and sold in stages up to (from memory 2.25p). I think it peaked at 2.40p before crashing to something like 0.60p. That was all good. Felt smug. But didn't spot the "new" potential until January. I'd have loved to have joined in on this journey earlier, when the SP was at 1.50p. But was good to get in at 2.50p or thereabouts. I sold some really good stock to do that - MTR, HZM. Both more than bagged. I missed out on those, but got a better return here; and by slicing a little here I've been able to buy back into them afresh - they're both great long-term buys, I think.
I've made so many. But have - I think - learned from them.
GGP is one of my few successes - with two errors along the way. Bought at 0.30p and sold in tranches until selling up fully (and getting great ROI) before the bottom fell out when Newmont walked.
But then didn't buy in until it got to 1.5p, then sold almost all as it got above 2p, as I wasn't following this board and wanted funds for other ventures. The few shares remaining meant I spotted it beginning to rise in late January. So read up this board afresh and invested heavily. Buy got spooked as SP tanked in March and sold too many. Thankfully bought back in - but lost some shares by getting spooked. All the intel on here has meant I've sat on hands, except for the occasional slice and regular topping up when I could see the SP wasn't in line with the real value.
This board has really helped to boost my portfolio - thanks to all.
Great post, sheltie. I've never seen the like either. Fully agree with your sentiments.
Hey Bully
The last trade at 21.5p was at recorded at 16:44:53. Thereafter all trades were at 27p or 26.98p.
Too right. If you're going in for full disclosure, you do it after you've bought, added, sliced or sold. Never before - why would you?
Well two clear reasons I can think of: like Elise (well done, btw), if you're genuinely looking for advice/guidance; or like some nasty pieces of work, if you're trying to talk the share price up or down. Otherwise, it doesn't make sense to me. But I'm ready to believe there are other motives.
Wasn't it great? So much said in so few words.
Well bumhands, I'd have sold a lot earlier this week, seeing the SP rising inexorably without any obvious reason - I'd have definitely taken profits. And I'd have been hard pressed not to have sweated all day today.
The only reason I didn't - apart from a slice of 2% of my holding when it breached 25p - is because of the really high quality intel on here. Well done those of you who helped us to see what was happening. Most people won't have been so well-informed.
Companies need to apply to join the main market. Lots of hoops to jump through. Info on here if you're interested.
https://www.londonstockexchange.com/
err, how's that going to happen?