Member Info for Culpepper

“He says that resolving uncertainties about joint venture partners and updating mineral resource estimates have contributed to this positive trend.”

When was that ‘resolved’?

We wait on the MRE. Likely, with reason, to have a significant affect on Ggp moving forward. Today’s RNS is perhaps irrelevant in that context.

I wasn’t suggesting that. But if there’s persuasive rumour it’s on the cards, the share price will leap.

I like the idea of a Ggp buy-out by the way. It encourages the punters.

They will have to go some with the objective of outvoting the rest. If anyone wants to bid, get on and do so. It’ll be in the price to sway a vote.

And no holdings notifications.

If the market likes it, it will track up later, once those who were on the cusp of selling have finished.

Selling into a rise is not a new phenomenon.

There’s a very supportive view on that here.

https://sprott.com/insights/sprott-gold-report-gold-vs-gold-stocks-an-unresolved-incongruity/?alttemplate=printblogarticle

Chelverton UK Dividend Trust PLC adding Wickes. Contains their general take on buybacks, takeovers, household spending power and confidence in their portfolio over time.

https://www.investegate.co.uk/announcement/rns/chelverton-uk-dividend-trust--sdv/half-year-report/7907567

My understanding is Chelverton Asset Management already holds 4.5%.

Not the MRE. His own statement on what he was prepared to pay. Unless somebody tells me I have that wrong.

Perhaps you can put me right. I shall wait for you to do so, and hands up when you come back.

I often wonder why he went public with his own valuation of that 5%. Different time, different issue I suppose.

This quarter anyway anticipated.

But it will pan out, one way or another. It’s actually just that Newmont are now senior partner, with what comes with that. Same as Newcrest was. And Mr. Day has to tread around that.

I am speaking for myself.

Can’t you see the obvious, summarised? Not saying. It doesn’t make it go away.

There’s a matter of trust in shareholders putting faith in promises since Newcrest failed Mr. Day and Ggp shareholders in August, after be bent over backwards to align with them.

Mr. Day followers might embrace almost anything, but he will need to explain it away to the market if delayed by much. Complications, longer than expected, Newmont have requested, etc. etc.

And they will know exactly what’s up, the nature of his problem. He can’t put out a release on a JV to his own shareholders without them having seen it, and ideally endorsed and co-released it. Over a barrel.

When I started I made a quick £17k. Took it, bought back in later.

It’s very mixed. Frankly, I was too early into it as an investment. I have traded some, averaged down, etc., etc.

But I’m on the losing side with it now.

Have to be content with dividend, which is doing sufficient of a job for me whilst we all wait for an upturn in the UK economy. That’s OK for me.

At the beginning, nobody was posting on this as I recall. So I decided to. In posting, I have picked on just one or two of several to post on. Bit of a useless pastime really, but something I do to keep the marbles rolling.

So after £12.5m has been spent, I expect to see a RNS before moving on with the remainder of the current programme.

They call the first tranche for £12.5m of the £25m buyback programme, the ‘initial programme.’

It appears that the intention was to issue a further RNS to announce when they go beyond that.

https://www.investegate.co.uk/announcement/rns/wickes-group--wix/share-buyback-programme/7661768

It’s in the nature of chat boards. Can be hard to resist. I can be criticised, but not on failure to engage in futile arguments as on the last over ‘whether it is or is not worth £500m’ or whatever.

But for them that enjoys it, well, carry on.

I don’t think a couple of dopey erk names turning up on a chat board, apparently winding one or two up, is indicative of anything other than boredom on both sides. But there you go.