Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Poker, I am still here, and it was me that 'encouraged' an RNS yesterday.
I am currently working on a major funding relating to fast charge EV batteries (300 miles range added in under 5 minutes charging) and have little time for posting at the moment.
Today is a Hong Kong holiday, so the pressure is off me.
Rest assured, I am still here, and working hard for you.
Danax
Starchild, thank you for an excellent and informative post that clarifies some points that would not be immediately apparent to new investors.
I have been in and out of BPC fairly successfully to date, and your post has encouraged me to invest further.
Please ignore the gainsayers, this was a very helpful post.
I think that today should be a good day with this news.
GLA
Well. it looks to me like we are nearly there.
Last night the share closed in Toronto at CAD$1.33 which is 78 pence.
It is not easy to buy shares in the UK at the moment, any buy order over 10,000 was refer to Dealer, which is a little unusual.
On the sell side, I could sell 75,000 and it would go straight through, and imho only a fool would sell at this juncture, unless we have hit a duster. Even so the current share price does not fully reflect the discoveries that have already been made, so if the SP dips on a disappointment, I for one, will be adding substantially if there is a bargain hunting opportunity, because the next drill at Cascadura/Cas Deep is a certainty, and will potentially increase our gas flow rate there by 50% or more, and may find a large oil reservoir beneath the gas, we shall see.
I am extremely confident that the Board will produce an excellent result for us on the NGC deal, it is only a matter of time before this is announced, but it does make sense for us to wait until we know whether we have a huge amount more of gas to be sold coming from Chinook, or not, as this may very well strengthen our negotiating position.
O don't know when Paul will release the result of the Chinook drill, I am sure that they are testing various things as we 'speak', and Friday is not the best day to disclose a large find, so I am hoping that it will be early next week.
So, in summary, today may be your last chance to jump aboard the TXP success story at a bargain price, I am tempted to cash in some other positions, but as I say, I feel that I need to cover the downside risk, even if it is a small one.
I think that we will have a good day today, with a closing price of 78 pence on no news, 70 pence on bad news, and 95 pence to £1 if we have a strike.
I am going for 78 pence tonight and £1 by the end of next week.
aimnsho dyofr
Danax
Yes, the problem is that it doesn't let you show the exact location, just a point nearby!
When we visit, it won't be a problem.
Danax
Sorry, wrong paste
https://www.google.com/maps/place/10%C2%B017'49.2%22N+61%C2%B003'26.9%22W/@10.2773863,-61.2382477,386m/data=!3m1!1e3!4m5!3m4!1s0x0:0x0!8m2!3d10.297!4d-61.0574722
I think that this is cascadura, right place, right shape.
https://www.nytimes.com/1979/10/13/archives/carmichael-charles-po****-59-head-of-dutchshell-since-1977-question.html
Corpse, thank you, I look forward to it.
Apologies, I have been off the thread for a few days, busy with a couple of takeovers and a big funding.
When are we going, I don't care about having to isolate when we get back - I will stock up with food and fags before we go.
When are we going? SOOOOONNNN!!!!! I hope.
Xav, I think that we all know that the answer to the question as to whether we have reached the full potential is a resounding NO! and that hitherto we have probably reached about 10% and that the Chinook 1 drill could add another 10%.
Moving ahead, Cascadura Deep another 10% then Royston 25%.
I t would be a shame for shareholders for the company to be sold at this juncture, but if I can get the money together, there is a serious risk!
h
Seven out of nine is excellent.
Three out of three would be even better!
Especially for us.
I've been out of KDNC for a couple of months, but feel that the time is right.
Managed to get 75,000 without moving the price. Once there is news it won't be this easy.
Back into ACP and GKP today as well.
All have a very positive upside, along with the shares in TXP and Prim, that I am married to.
Two wives can be tough, so today's shares are probably a bit of a fling, but I will enjoy the fun whilst in here.
I've been out of GKP for a while, but the current price and the ratio of buys to sells has tempted me back in again.
The rumour mill may be talking it up a bit too much, but managed to grab 7,500 at what I think is the bottom stop.
I aso got back into ACP and KDNC this morning, both with equal potential to here. TXP holding well before the news too.
I managed to time my last exit fairly well and believe that now is the time to get back in.
As far as I can see, we are primed for a good day when the Mining Licence is announced.
It's the calm before the storm - same as TXP, where I am very happy to hold long-term.
Managed to grab 235,000 this morning at what will seem like bargain prices in a fortnight.
Also bought a few GKP ? takeover imminent? and KDNC ?news on way?
It seems remarkable that he could have been intestate.
https://www.thegazette.co.uk/notice/3603674
...Continued,
Yes, a TOTAL value of £18,164 worth of trades in TWO DAYS!
Well that makes us look a little bit illiquid to me, and the SP could move very quickly from here, but there are still many unknowns, which I believe will hold back much SP movement until we know what is happening.
Have a great weekend one and all, I shall be playing with cars. My latest toy is a rather tatty red 1990 Toyota Supra, but the engine seems to be perfect - it started first turn of the key after sitting in the corner of a car dealer's compound for over two years. With some tlc from a friend's fantastic bodywork/paintshop and a new leather interior, it will be something that the American GasMonkey would be proud of, and a nice addition to the toy cupboard that will show a decent profit when I get bored with it and need to make space for the next toy.
Have a great weekend, one and all, next week should be better.
Danax
Morning all, Apologies that I have been busy the last couple of days, I'm back now.
A disappointing finish to the week, you can blame me.
Let's have a look at how my predictions made on Wednesday at 7.03 am went. If you click on the 'reply' box you will see it at the bottom of the trail.
1. World Gold Price, I predicted $18.50 and it ended the week at $18.6125 so that was fairly close, well 0.6% out.
2. Greatland Gold share price. Closed at 20 pence. A bit of a shareholder rout since Wednesday, but buys and sells pretty evenly matched, but some of the trades marked buys are sells and vice versa.
Trades 2,653
Vol. Sold 18,148,155
Sold Value £4m
Vol. Bought 21,998,299
Bought Value £4m
So the closing GGP price was below my expectations.
I suspect that the Directors of PRIM may already have sold some or all of the GGP holding, so this may now be Academic.
3. The PRIM share price. Well, it looks like the market is sitting on its hands until there is a bit more certainty.
As a result, my end of week prediction fell a bit short, well short, in fact.
AS we all know, the current Board has proposed to appoint Rupert, Matt and Hedley as Directors.
THEY HAVE NOT BEEN APPOINTED YET. NOMAD IS DOING DUE DILIGENCE ON THEM, AS REQUIRED.
So we are nearly there, but not quite on the appointment of new Directors.
This is what I said on Wednesday morning;-
3. The PRIM share price. Prim has a small MCap, and the SP moves easily in change in supply and demand, as the MMs don't seem to carry a lot of stock, which makes the SP more volatile. There is also uncertainty as to whether the company still holds the GGP shares, and the current Board has sold part of the holding, which would pay their salaries for the next year and have left the rest to run. I suspect that they will have sold more by now, hopefully at the peak, locking in gains as cash.
In the interim, the existing Board can reinvest any realised funds wherever they like.
If they do reinvest any GGP profits, it will be very interesting to follow the money trail.
I think that a certain Bookkeeper will be over this like a rash. I certainly hope so!
Was my estimate an abysmal failure - hard to say, but there have been so few trades in the last couple of days, here are ALL of them
25-Sep-20 13:48:50 3.70 29,999 Sell* 3.70 4.00 1,110 O
25-Sep-20 10:56:44 3.735 25,026 Sell* 3.70 4.00 934.72 O
25-Sep-20 09:33:12 3.735 50,000 Sell* 3.70 4.00 1,868 O
25-Sep-20 08:02:40 3.94 75,555 Buy* 3.70 4.00 2,977 O
25-Sep-20 08:00:05 3.735 15,000 Sell* 3.70 4.00 560.25 O
24-Sep-20 14:44:43 3.945 6,337 Buy* 3.70 4.00 249.99 O
24-Sep-20 11:00:31 3.735 10,568 Sell* 3.70 4.00 394.71 O
24-Sep-20 09:35:26 3.733 100,000 Sell* 3.70 4.00 3,733 O
24-Sep-20 08:40:28 3.985 63,000 Buy* 3.70 4.00 2,511 O
24-Sep-20 08:40:13 3.825 100,000 Sell* 3.70 4.20 3,825 O
Yes, a TOTAL value of £18,164 worth of trades in TWO DAYS!
Well that makes us look a little bit illiquid to me, and the SP cou
I must say that I have looked at TIR a couple of times, because of its abysmal performance.
There are a couple of things that put me off 'having a go' here.
Firstly, the bid/offer spread is off the scale at 60%, yes 60%, which makes it impossible to make any money, how many day traders are going to pile into this one?
Secondly, the shareholdings. The Board have quite a chunk so they are not going to vote themselves out, are they?
Thirdly, this venture if I remember my research correctly, was set up by the late great Bruce Rowan, an Australian mining Engineer (Greatland Gold similarity) who sadly died last September. He, and now his Estate has 31.6%
Here are the top five shareholders of Tiger Royalties and Investments based on the size of their shareholding:
Rowan (Ronald Bruce) Individual Investor Percentage owned: 31.66% (58.4m shares)
Bird (Colin) Individual Investor (DIRECTOR)Percentage owned: 11.63% (21.4m shares)
Ashdale Investment Trust Services Ltd. Corporation Percentage owned: 6.12% (11.3m shares)
Samtani (Raju) Individual Investor (DIRECTOR) Percentage owned: 5.35% (9.87m shares)
Tyerman (David William) Individual Investor Percentage owned: 5.32% (9.80m shares)
So you can see, very quickly, that The Board, and the Beneficiaries of Bruce Rowan's Estate have got 48.64% of the company, and impossible to beat. You may ask how Bruce has 31.6% and hasn't had to make a takeover bid, well he set it up and it is therefore a Whitewash. To those that are new to the term, this explains it well.
https://www.valuethemarkets.com/2019/05/24/explained-the-argument-for-a-mandatory-takeover-bid-for-management-resource-solutions-rule-9-of-the-takeover-code-mrs/
If the censors asterisk out this link the stars are value the markets .
So, all in all, unless you can get the ear of Bruce Rowan's Estate, no EGM requisition is going to succeed, is it?
I have been trying to meet them for months, but have not succeeded as yet. Reminder - GM?
Note to Tom W - unless you have got the ear of the Board, any EGM request must surely fail. If you do have the ear of the Board, there is no need for an EGM, they will appoint you as a Director. They will not be leaving.
Simples.
Put them on to me, I have done three successful EGM requisitions.
Happy to help.
Indeed I am already in.
I shall go in some more, not all in, but a few more.
The naysayers have had their day.
I suspect that the MMs may just pick up on this RNS and revise their prices accordingly.
Now that a large element of uncertainty has been removed, today will be a VERY blue day, with large volumes.
I'm in.
Early.
Update.
1. Gold price pretty much as predicted.
2. GGP shares now trading below anticipated range, I think that the Institutions will be buying hard today and we should see a SP rise.
3. PRIM share price is seriously undervalued at this level. Any buying will see rapid SP growth. New Board members will transform future growth prospects.
I see the current SP as a buying opportunity, and as soon as others do to, the SP will motor.
AIMHO and DYOR