The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Tig, I will join the others who have thanked you for your earlier post.
I'm not on this BB all day & only picked the tip up an hour ago. I have not had so much excitement from an informative report in the last 2 years reading LSE. I think you clocked up 132 recommendations - never seen so many before. What a bulletin board!
Gerryspaniel, I live to the west of you but close to the boundary with Surrey and Hants. As a fellow LTH with a share holding in the tens of millions who has attended AGM’s over the past few years, I would like to meet others in person.
Another poster mentioned that he formerly lived in Surrey. He mentioned The Harrow at Steep, near Petersfield. A gem of an old unchanged pub. In commuter-land you can assess them by the remaining houses that have a gents urinal outside & across the access road.
I hope it is relatively soon when we can have our drinks in the pub.
sparkyboy1, we have something in common.
I also got burnt investing in OMI. The worst thing was that It was held in our ISA accounts and I sold GGP to chase the rainbow. I sold out & returned to GGP but the money lost can not be offset for CGT. I still have £12 worth of OMI and the big red -82% reminds me of bad risk.
Interestingly, I attended the OMI AGM in Canary Wharf, just as I have sat in the GGP AGM’s since Dec. 2017. The contrast could hardly be greater. There were more OMI board members at the meeting than shareholders or traders. GGP has upwards of 30 attendees and it will be 100 or so this year.
Post 2017 I was, like many LTH’s, locked in and going nowhere. I had broken the golden rules of not putting all your eggs in one basket + investing more than I could afford to lose. I held a shedload of shares - more than PaddyGall but less than Gerryspaniel. Before the discovery at Havieron, things were not looking good with my 1.86p average S.P. Forward 2 years and the picture is very different. I have Greatland to thank for recovering money lost on other duff shares through CGT claims. It can be difficult enough to make a profit within your annual allowance. I will be paying 20% CGT on profits taken over the last year. The next 12 months are going to be life changing for many of us. Good luck.
Just had my last top-up before April 30th. 15:27 hrs - 170,000 shares @ 6.4p. The trade not showing on LSE. My wife & my combined total holding is now even more than Paddy G's, and that is a lot. Have a great weekend all. Can't wait for those day & night PaddySat results.
Stephen,
I’ll add my opinion that it is good to see you posting here after a long absence on the GGP discussion board. I regret that you have had some verbal abuse here which you do not deserve IMHO. I also hold many millions of shares and have traded in & out over the last few years. I’ll be buying more before the month end.
Best wishes to all shareholders. Maybe next year I can holiday in BVI and buy you a celebratory drink. LOL.
Paddy, thanks for your research.
I've just posted a reply on Twitter that ties in to historic modelling done by GGP
https://greatlandgold.com/wp-content/uploads/2018/06/HavHistMag-20-06-18-v2.jpg
My view, as expressed by others, is that they are most likely fan drilling from this remote pad to determine the boundary where the lode-bearing mineralisation starts. They need to determine where to start the incline for block-cave mining. The North-West horseshoe could still be open.
JerryS, you were at the AGM in December, as I was, and heard what GH said about takeover speculation. It is not going to happen any time soon.
As further evidence, there is the interview with the recently retired executive from Newcrest, who reiterated the importance they held in not acting in a predatory manner with small exploration companies (like GGP). If mining companies fed on minnow explorers there would be no competent outfits to find the next tier 1.
Greatland will drill this year & confirm or eliminate the prospects in Kraken & maybe Goliath. Any negotiations with NCM on our remaining 15% interest in Havieron will be negotiated in a business-like manner.
Having said that, Gervais also said that he thought GGP would not be around in the longer term. Time will tell whether that is one year or 5 years.
I haven't seen any reference to this recent article:
https://finance.yahoo.com/news/insiders-buying-greatland-gold-plc-070055551.html
You've got to say that GH's timing was impeccable at throwing in £50k and catching the bottom of this week's SP slide. Good on him.
https://mobile.twitter.com/paddygall1/status/1229039680978595840
speedymeadie, to respond to your request.
I sold 2 large holdings of GGP last week. +/- 2.7 million each transaction. There was no problem selling. Equally, there was no liquidity problem when I bought back later in the day, in much smaller amounts. One reason was that I was convinced that the SP was heading down & I could get back in at lower prices. However, the main reason was to position myself for CGT. Tax is understandably a subject that few wish to discuss on this board but those, like myself, who anticipate holding to end 2020 & beyond, will have to confront the tax dilemma. That is, unless you are resident overseas (BVI, for example).
There is plenty of clarity on the HMRC website regarding CGT on share gains. I thank the person who commented on how the rules have changed in the last few years. Anyway, I bought a load in 2017 in one £50k purchase at a SP <1.88p. I sold at around 4.9p on Tuesday. The gains this week were enough to offset my losses in GGP & other shares over the last 2 tax years trades. I am now in the band where I will be paying 10% CGT. The repurchases in smaller amounts should give me some flexibility when selling in 2021 or beyond.
I still hold a shedload of GGP shares. About 10% of Stephen Beetham’s holding but I’m happy with that. I’ve got cash in the investment account and, like others, will be buying in if I see the price drop. I note the history of this share dropping slowly in periods of no news. This time last year, for example. The next guaranteed RNS will be the Quarterly results on 30 April. Of course, there is likely to be an announcement when drilling starts at Goliath, Scallywag. However, we have seen many examples of red price days after excellent news.
Good luck all. I hope I can meet some lti’s at the AGM this December.
I asked Gervais a question at the end of the AGM to better understand the declaration ‘open at depth’. Discussion at the previous AGM established that there is gold mining elsewhere at depths of 2 to 3,000 meters. GH was very clear on the point that there was no reason to waste rig time drilling deeper depths. One aspect has been discussed in some detail on this board. Block cave Mining is done in 500m tranches. Havieron could be 2 block cave depths below the cover sequence. GH also inferred that there is more than enough work drilling infill holes to prove up the resource and define the NW boundary limit.
There were others at the AGM, including Jerryspaniel, who can add to what I have just said.
The bottom line is that you can abandon the notion of drilling below 1,400 meters. “Not at this time”.
I experienced no problem with liquidity. I sold over 2.7 million on HL at around 09:15. Immediate quote & press accept button. I bought back in over 10 trades later in the day. All around £10k value. There was only one that was NT and I had to place a buy order. I got several trades after setting a buy limit 1 percent less than the prevailing sell price.
sheps85, there are plenty of reasons to sell apart from needing the wonga.
My reason for selling a shedload today & buying back in smaller amounts was positioning for CGT. Tax is understandably a topic that punters avoid talking about but if they, like myself, hold tens of millions of GGP shares until the 2020 year end, then we will all have to confront CGT.
Fortunately for me, my trading today in shares that I bought for under 2p was enough to offset all my losses from trading duff AIM shares in the last 2 tax years.
You can look back at my Members historical comments to see which handful of losers I have been involved in but one of them was a gold exploration company based in South America that has consistently failed to deliver on potential.
captbonio, I’ve not gone away. I sold early today, called it correctly, and spent the latter part of the day buying back in at a lower SP and smaller share amounts. I might try the same tomorrow - after all, isn’t Friday the day when no RNS is released and the city boys take their profits?