focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Interestingly CTL are looking to list on ASX later this quarter off the back of a resource upgrade. I know they are a different beast and their resource isn't in Australia, but if it happens before GGP it will be interesting to observe the market reaction and any effect on SP. I'm NOT ramping this share (DYOR) I'm mentioning it as events there may shine a light on what to expect.
I agree with the principle of the Lassonde Curve but the current state of UK investment is dire. This is why to move this on the ASX listing is essential. It is institutions that will lift the SP and bring a degree of resilience. When we get to 2x current SP some PI"s will bail out (and in significant numbers depending on age, portfolio etc. The institutions however will hold and it is of the back of this that Lassonde holds true. That other website King whatever looks like cheap spam whether or not the content is true
I don't know why all my capitals disappeared in my last post. I meant that as in capital letters not wealth!
i've come to accept that there's so may jitters in the market in general that those are amplified tenfold on aim atm. i doubt that even our most confident posters are entirely comfortable with the fragility of things as they stand (but won't publicly say so as it would feed into a negative narrative). the reason i am holding is not just to sit it out for the catalysts (i don't have much choice now really as if i were to have bailed it would have been a year ago), but i have to keep coming back to the obvious expertise ggp have in exploration and knowing where to drill. partners want us on board. we have sound credentials and for our expertise the likes of rio into are prepared to give is a decent cut. whatever the negatives in that article, the future hits are not to be underestimated however the sums stack up on havieron. i will be stripping out one or two aim stocks i hold as i do generally impose a stop loss. but this and two others i hold i believe are undervalued and however nerve-jangling it gets i will ride it out. it is still **** to constantly be buying low for it to go even lower but i hope in two months time we will break out. not massively so perhaps, but enough for a collective sigh of relief
Well I'm not sure I'll be in a position to hold on to my shares for dividends, but as painful as the SP is it is pretty clear that nothing will move unless there is revelatory news or the catalysts start to trickle in. I'm not expecting anything until late August and even then I think we need Newmont to crack on once the deal is done for us to move upwards. I'm still buying small amounts at these low prices. Unless I've completely lost my marbles I struggle to see how we will not be in a better position in 9 months. My holding target is 2 years unless one or two other investments do as I hope and then just maybe I can carry this forward for modest income in retirement rather than sell. DYOR
What a mess. I'm not invested so heavily that I have to stay but I feel morally obliged to put a stop loss out for a family member who I encouraged to buy in at a higher SP than I did. Really unimpressed
Titling a thread "bed wetters" is the very reason why no one in the whole spectrum of opinion on here should take the moral high ground as some appear to do. Many of those with misgivings about some of the process or the options ahead have held or bought more. I agree with those that want to see us generate income off Havieron (I would actually prefer this in partnership) and then develop other assets with an income stream
If he moves along would that make him an ex-plode?
I'll submit an ice breaker question for the next TH event or online Q&A whether SD might consider GGP gifting the "quality base of UK shareholders that have supported Greatland on its growth journey to date" a first pour commemorative coin
Toffers I hope you aren't on a large transaction fee per trade or with multiple small trades you are eating into your holding big time
So we could hit the ore body by Christmas in one of the better case scenarios with improved ground conditions and yet with something precious sitting in the shovel there might still be no official FS or DTM according to some?
If Newcrest is holding the vote in September I would hope that Newmont (in anticipation of a 'yes' to acquisition) will already be in a position to definitively state their own plans for Havieron. Recent drill updates should be loaded in the interim and surely the DFS must be in by early autumn. If there is any hesitancy on the part of Newmont once the acquisition has gone through then this is the time SD needs to kick off
Thanks for posting that Bellers (8.32). I intimated as much a couple of weeks ago when I said :
"As an explorer GGP have put some play on their community relations, ethical considerations and as both explorer and miner going forward their expressed intent to be as green as possible in their operations. There is an advantage here in as much as some of their senior partners carry a bit of baggage and given the additional scrutiny now being placed on all the above, GGP putting a line in the sand and offering a way forward that is "baggage-free" may be another reason why we are viewed as a good partner."
My post barely got a like or a sniff because there's a few who have me down as a wrong 'un. Re posters stopping the negativity, unfortunately by some everyone gets tarred with the same brush. Over recent weeks I've been more aligned to those who have continued to hold but have some disquiet over recent issues with the SP. It's lazy to infer that disquiet means that AIM is too hot to handle for us and to therefore take our money elsewhere. Many of us are seasoned personal investors. I still believe in this share and the prospects although confidence helps to drive the market and I'm downgrading my most optimistic personal forecasts until I see what effect the real drivers of the SP will have (eg stake in Hav, the DTM, future raise and timing of it, new discoveries etc). I am invested in the share now to the extent that a complete disaster would affect my life in retirement. Not disastrously so as my other investments remain on target, but GGP is the difference between a retirement without stress and maybe a few luxuries, or one where I have to watch the pennies a bit more. I averaged down along the way where my break even is 9p. I bought more in the 7's to do this but then when we rose back up to 9 I thought (wrongly - my fault alone) that we had bottomed and we're on the rise so I bought about 20% more again. Of course that has put me in deficit again with the subsequent drop. I'm not bleating or wailing about it, but it's perfectly reasonable to have questions and even worries. It's not to hot to handle, but like some others it's probably locking me in for longer and meaning I will have to work a year longer before retirement. Many other AIM shares I would have cut my losses but I'm hanging on for the uplift. I do get a bit tired though when so many of the apparent top circle here, the gatekeepers of the forum it seems, so routinely cast the merest hint of despondency as a red flag.
I've been interested the above discussions and would hope that due diligence by GGP will have taken account of all scenarios and will also be factoring in the likelihood of ongoing discoveries leading to future mining operations. I would also put out there one other factor; one that's not always appreciated in forums such as this. As an explorer GGP have put some play on their community relations, ethical considerations and as both explorer and miner going forward their expressed intent to be as green as possible in their operations. There is an advantage here in as much as some of their senior partners carry a bit of baggage and given the additional scrutiny now being placed on all the above, GGP putting a line in the sand and offering a way forward that is "baggage-free" may be another reason why we are viewed as a good partner. Expertise in pinning down targets with a degree of clinical efficiency is not to be underestimated and I think there is an opportunity to sell whatever developments occur (whether prolonging Telfer or not) as a greener way forward than might have happened were we not on board.
Drop* These blinking pop ups keep disrupting my text!
As unwelcome as the ro m 9 to 7 was there is a fair bit of reassurance in the interview. I continue to take the view that the SP not move massively until September onwards, however I remain significantly invested and have made two further purchases in the past couple of weeks and have added another 10% to my holding this morning.
Very best wishes to you Archways. With expertise and innovation there is hope to be found. You've seen it off before and that remarkable tenacity (without any sense of "why me?" I might add) will serve you well going forward. All the best
Corkscrew Colin It's when the original company with an interest who holds the licences and permissions etc effectively sells some of that interest for another company to buy-in. The buy-in company therefore shares the costs of exploration but also ultimately the potential profits
Aside from the farm-in news (let's hope for amazing drill results to come), the banks letter of support and extended flexibility is in essence a demonstration that GGP will mine Havieron and is not to be bought out cheap. To me this route to income generation when the FS and DTM finally comes was one of the niggling uncertainties that was causing jitters. Inevitably the SP will continue to ride a bit of a roller coaster but to me the bank letter provides the short term solidity while the farm-in, aside from providing the potential for big discoveries to come, consolidates the reputation of GGP as explorer par-excellance. Rio Tinto appear to be aware there is no one better to target and drill in this area.
Also filtered Toffers (although someone, somewhere will think I'm playing a smart one for acceptance π)