Member Info for corradus

When a precious metals miner/producer sells to market how is the price they get for that delivery determined? This seems like a simplistic question, but underlying it is a concern - on my part, at least - that it does not reflect the "real" worth of the metal. If the sale is based on the spot price then is that a missed opportunity (not a problem per se as profit is still made)bgiven the differential between spot and physical? As we have seen the spot price certainly appears susceptible to manipulation.

In the latest Jon CC video ("AI guy") posted by @Paulpatriot mention is made of miners selling direct and bypassing COMEX, but I don't believe this is currently common practice?

What brought this question to mind was in a previous Jon CC video he explicitly advised against buying mining shares - see my history for my question on that (video and exact timestamp). Unfortunately, there were no replies at that point, so I've expanded this question so the pertinence of it is more explicit.

For clarity, I am heavily invested in GGP and am here for the long haul, with no intention of selling anytime soon (in fact, I have bought more over the last few weeks).

Thanks in advance for any constructive replies.

GLA LTH.

C

He states at 20:44 "... do not buy a mining stock ...". I'd appreciate it if someone could explain the rationale behind that statement? Thanks.

Https://youtu.be/4B2a6l6wM2k?si=DQDp92NJMMd4wkLQ

Seemed quite appropriate sonehow. Please excuse the levity...

@MH01 Thank you. That was great viewing.

"Gold is the pin..."

IMO on this GDR sale a “central” working guess might sit around 20 million pounds of profit, with a sensible range of maybe 15–25 million pounds, so not huge amounts, but nonetheless a profit and clearly non-core.

My mistake... in which case I have no idea what's going on over there!

I thought it didn't open until midnight?

H.C. Wainwright analyst Brandon Folkes raised the firm’s price target on Indivior (INDV) to $35 from $28 and keeps a Buy rating on the shares. The company reported a strong Q3 that exceeded expectations across all key metrics and validated the firm’s positive call on the stock into the quarter, the analyst tells investors in a research note. The firm added that its revised target may still prove conservative, as it implies just 7.4x 2026 EV/EBITDA, compared to the peer group average of about 9.8x, suggesting meaningful re-rating potential as execution continues.

https://www.msn.com/en-us/money/topstocks/indivior-price-target-raised-to-35-from-28-at-hc-wainwright/ar-AA1Pw1Fu

The original version uses a possessive pronoun (“your”) to modify a gerund phrase (“being able to…”).

In English grammar, when a gerund (a verb ending in -ing that functions as a noun) has a subject, that subject should normally be in the possessive form.

Ooops...

@tiny

You won't be. You will have been sent a secure message about a month before delisting explaining the process (in detail) if you chose not to sell before delisting. It is frustrating it's all taking so long though...

Hopefully things might be happening soonish given this change? We can but hope

Please would you share any information you get. It would be appreciated. I have yet to hear anything (HL). It will be 3 weeks on Friday.

They said this in their message:

".....

You’ll be able to sell your shares on NASDAQ stock Exchange once they have been successfully transferred into our HSBC US Account. This process is likely to take a number of weeks to complete, although we’ll work to ensure the transfer is concluded as quickly as possible. Please note that this is just an estimated timeframe and so, depending on the nature of the transfer it may take longer than usual to complete in some cases. We’ll contact you again once the transfer is complete.

...."

The last sentence was in bold so I assume they usually get a number of (unwanted) calls querying progress.

Share price today - £16.89, so up 36% since delisting.

Alas the Le Suffren story is an urban myth...

In 1965, President Charles de Gaulle indeed ordered France’s monetary gold—previously held abroad in places like New York, London, and Paris—to be repatriated. An operation code‑named "Vide‑Gousset" was quietly launched, moving large amounts by air and civilian ocean liners, deliberately avoiding any involvement of warships to keep the operation discreet .

De Gaulle at one point jokingly suggested sending the cruiser Colbert to New York to demand the gold, but his Minister of Finance convinced him against it, and the idea was never acted upon.

Sources

https://en.interaffairs.ru/article/gold-repatriation-mission-impossible/

https://mail.enterstageright.com/archive/articles/1024/francegold.html

https://headlineusa.com/how-france-secretly-repatriated-all-its-gold-before-nixons-dollar-devaluation/

Relevant section I believe is:

Non-resident shareholders

12. If you were a non-resident just before the Effective Date, you disregard a capital gain or capital loss derived from CGT event A1 happening when you disposed of your GGP shares to GRL (section 855-10), unless your GGP shares were 'taxable Australian property' (as defined in section 855-15).

Hi

I received a secure message detailing the process towards the end of June. My shares still show in my portfolio with a superscript stating they are pending a corporate action. The secure message stated that I would be notified when the transfer was complete.

I hope you manage to get things sorted. You will have a Contract note on your account for your purchase(s) which they'll be able to see.

Regards C

Hi Siddo. In a similar position myself, although I dud average down for a while (as far as 680p, and then put it in the bottom draw). I liked the business model and the technology.... still do, but need to keep some sort of balance.

GLAH

C

Can I also suggest that any posts are now posted to the US stock BB (INDV.US) as this,stock no longer exists as an LSE (UK) stock (INDV).

If you had shares at COB on 24 July then you probably still have them... Your broker should have informed you what would be happening at the time if delisting prior to the delisting on LSE. I received this as part of a communication on 27 June:

"If you still hold the shares at the close of market on Thursday 24 July 2025 we’ll automatically transfer them to our global custodian, HSBC, so that we’re still able to offer you a facility to hold and sell the shares on NASDAQ stock exchange in the US. "

Now waiting for the transfer to complete...

I don't know about others, but my LSE shares were with HL and these are going to take weeks (!!) for the transfer to complete as the NASDAQ shares are not CREST. After transfer they will be with HSBC Global (HL partner) - phone dealing only + FX charges.

Not great, but still decided not to sell.

Hi TT

As mentioned here's the (slightly better?) reply I received from HL:

Thank you for contacting us.

Clients' shareholdings in Greatland Resources are held in pooled Hargreaves Lansdown nominee accounts, rather than on the share register individually.

Any references to "rounding up" of fractions should be understood to refer to the entire shareholding held through HL rather than individual clients' holdings. As a result of holding the shares in a pooled nominee account, HL will distribute cash payments representing those entitlements.

So it looks like cash will be received for what would have been partial shares. No details on how or when.

I've dropped HL a message re: rounding, but I suspect it's probably not their error. Has anybody had a partial share of 0.5 or above rounded up? It seems to me that all partial shares have been lost, which at an individual level is not a large amount, but across all shareholders might well be significant...

I'll post any reply, but I suspect the buck will be passed along...