I can only assume this is Hursts blood pressure reading. Take it three times then go to your GP with the average.
For me both scenarios still map a path to a very profitable venture. I would have thought that buying and running Telfer will long term be better for us but in the short to mid term has the potential for further dilution to raise funds. This may not suit all but longer term we stop being the junior partner and can reap the rewards that come as a stand alone producer. Is Telfer also close enough to deal with what mat be produced should drill results elsewhere result in a DTM in areas currently under exploration? If a new processing plant were needed are we best locating this strategically accessible to these other fields of exploration or is this blue sky thinking and wholly unrealistic?
24kms from Telfer sounds like a Gene Pitney hit
Also signed
100% owned. No haggling. Self funded from Hav. :-)
I just topped up. Sub 8 I couldn't resist
Well I've just topped up a bit and am waiting on proceeds from another transaction to clear to nearly double my investment in this share if the SP holds over the next couple of days
I'm sorry to read this this morning Dip. I hope you find the quiet time you all need in circumstances which can bequite hectic. Sorry for your loss
Currently uprated to Cat 5. Telfer is bangiin the zone where it is forecast to reduce in strength. Predictions for that area anywhere between Cat 3 or conceivably still Cat 5 but it is a fair way inland by that point
I regard today as the very first step towards greater certainty. The first stage is that the acquisition gets sealed and that seems more likely today. There may be slight uplift for us but in my view nothing very significant until our relationship (or otherwise) to Newmont is established. This will be a big determinant as to whether people stay around for the very long term. Until GGP is assured of survival as an entity in itself then there is a potential for relatively large numbers of smaller private investors to sell if they believe there is restraint on the upside. Some on here will be looking at events over the next 12 months with a view to sell in that time frame. Others will be reviewing each marker closely. In an ideal world the ASX listing will deliver a further upside and then by August or so we have an influx of institutional investors with the DTM at which point confidence and security is consolidated. The key thing for us is whether this advances in partnership with Newmont or not. Going alone releases a further massive upside but will in the short to medium term increase volatility. We will all determine our sell point according to our average, our financial landmarks (retirement or whatever) and whether we are leaving a legacy etc, etc. Personally I am still watching my next move carefully. I am confident of a small upside over 6 months and then perhaps 3x current SP over 1-2 years. That will be enough for many and possibly for me. I would love to stay for 5 years or so at which point I think dividends become a possibility, but it completely depends on how my other investments perform to prevent me from cashing in early. GGP could still be transformative in my case and I will watchfully wait to see if it releases enough for me to retire a year or two early. Ironically it is the potential for a greater upside that would keep me in employment so I can leave my GGP shares in place for an even greater uplift over 4/5 years. It will be an exciting journey and I expect to be much clearer as to when it will end for me in the next 12 months.
I have a Fidelity ISA and just tried to top up before close of play. I did not have access to desktop so tried using my mobile but the bit where it has a drop down menu to declare source of funding etc simply would not open so it was impossible to credit my account. Yes there is a whole new ISA year ahead but it would have been nice to secure a reasonable buy price as we now have the Easter weekend. Frustrating
I didnt expect any significant upwards movement until the Newcrest/Newmont situation is resolved. I've bought sporadically on the down to lower my average (I needed to) but I must admit I didn't expect sub 7's. Until I can u pick what's going on I won't buy more but unless anything startling emerges I fully expect a big upside when all resolved and the DTM finally gets announced. If there is anything more sinister at play I would imagine SD is ready to go on the offensive. Markets have been extremely volatile and although gold is safe money the institutions won't regard GGP as such until a lot of stuff is resolved. I've turned from strong buy to hold but I'm in for the long term
Thank you Samplank and Sanibel. Well if NASA have a whole internship for neurodivergent individuals there are clearly traits that are extremely useful to problem solving and the furtherance of human knowledge! I agree Samplank that there are some posters where the nature of posting is so obviously troll-like or disruptive (perhaps even sinister in their effort to depress the SP) that they should at best be ignored or otherwise removed from the board. Bamps I could be wrong in my hunch. My post is in no way a pop at you (for whom I have huge respect). I also understand the frustration when you put in so much hard work and so much detail that for someone to come back repeatedly when the answers appear to be out there can be irritating. I guess that's the point I'm trying to make is for some people within the whole range of a spectrum, some will struggle with details other than the thing to which (to most of us) will appear to be a fixation. I don't think Red appears to have the other attributes of a disruptor unless I've missed stuff, although I understand how frustrating it can be to feel you've not been heard or understood. I hope that some of the answers in this thread have gone on to satisfy them for now, but based on previous posts I would be fairly certain the obsession/fixation over tunnel length will return again and regardless as to whether autism is at play or not it should be possible to step back. Regarding the full blown slanging matches that happen in other threads (and I don't equate this with that), there is a danger that good posters will be alienated and therefore silenced resulting in less credibility for the board as a whole. At which point the true disruptors have won
I could be wrong (and please don't all take this in a negative sense), but there's potentially autistic traits in some of this discussion which potentially require a bit of tolerance. No one is obliged to answer questions. It is perfectly reasonable to leave things unsaid, although some have also shown great patience in outlining detailed answers. I've seen a few threads recently where assumptions have been made about individuals. I'm not making one myself, I'm just raising the possibility that other things can be at play and we can chose either patience or kindness or decide not to answer at all
Thanks Speedy. I did wonder if you might have been one in the know. Appreciated
Well Strudel I did just mention I was aborting the trip to the garden centre due to the forecast. I'll book some kitchen space and use Amazon prime to get my ingot mould ;-)
Thanks guys. Yes I agree that two or three valuations is probably the way to go. Perhaps one route may be to go for a "paid for" valuation for insurance purposes that should give an honest appraisal and then use that of a benchmark for other companies who may assume they could be in for purchase
Sorry if this is slightly off topic but there may be people on this board who have experience or are in the know. With gold prices high I have been hanging on to some non-sentimental jewellery that does not have particular value in design terms, but one bracelet in particular has a bit of weight to it and has some inset diamonds too. Does anyone have experience of a reputable dealer who would give an honest appraisal of true value? London area ideally. I have no real interest in jewellery so as I lack knowledge I want to be sure I'm not getting ripped off. I presume I can start by doing a very crude weigh myself to get rough gold value
It says everything that a thread entitled "Abuse on Here" and asking people to grow up, immediately became a thread with people who abuse each other and need to grow up. I understand people who say to just block or filter but I also see a bit of sense occasionally in those that seem to engage in some of the bickering. It's getting really tedious. I never engage in it myself but it's a lightly shame that so many topics get soured by petty and ridiculous spats. Clearly the're are also out and out trolls who should just be banned, but can everyone else not just rein it in a bit?
On the positive side the sare price is likely to remain suppressed until the new ISA allowance comes in to force. Although I drip feed my ISA over 12 months just under half my allowance is left free to buy as I see fit. I see a bulk buy of GGP happening in April and im sure a few others will do the sane. It wont be the main trigger of the SP rise coming in the next few months but it may well create a slight uplift so be prepared to get in early