Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Biggl - I'm not posting to get into any heated or technical discussion and I don't try to be or state I'm an expert at anything. I don't doubt you have some knowledge but I can't help notice your posting style seems quite fluent and quite well structured, grammatically; actually well prepared springs to mind. (not that I agree with any of it)
I see you have only been a member on the LSE boards for approx 8 weeks yet you post concisely with confidence which you generally don't get with newish type posters - newbies generally take some time to find their feet, yet you were highly confident from the first post. Also by some of your commentary then it would appear you are a seasoned investor; so did you come across the LSE boards by chance or actually have you been a previous LSE member and came back with a new account and name ?
TT - it's just as important to NCM as it for us to finding the next Havieron, and if it turns out to be within spitting distance of the the first Havieron then even better for both companies, and their shareholders.
Burleigh - my apologies for raising the thread again today. I did not look at the board yesterday evening and out of respect then today I replied to another post that was in agreement with what I was implying yesterday.
Lol, I'll stay quiet on the subject for the rest of today :-)
Adrian - thanks for concurrence. I did post a larger list of juniors in another thread as someone pointed out that the actual AIM index is up 10%. Of course there will be SP winners that stand out and maybe in a specific sector but it's not been great in the mining sector; In my opinion the overall market has taken a hit this year and down to reasons you stated in your post; plus also crypto has maybe taken a chunk of cash away from the traditional investment platforms.
I get people maybe do deeper research and are informed and we have great posters on here, but we also have posters who speculate about the cause of the share price drop is SD's fault, or due to big companies manipulating the share price to go in with a lowball offer (NCM the main suspect) or actually SD is an NCM insider, etc, which is all just nonsense; and IMO only brings doubt and uncertainty to this BB.
I can't argue against the fact that the share is being shorted as there is evidence available to show that, but many shares get shorted and are held at a price or go lower because of it; yes it is schit and should be illegal but it's all part of the game and we have to accept it for the present time.
In my opinion, we are simply where we are because of market forces. Havieron is a fantastic asset for GGP to own part of and with NCM at the helm then they should be delivering ore to Telfer in the next 18-24 months. The SP will recover in time and should start heading north with future newsflow and hopefully with raised market sentiment and interest; and of course if we have another good find at one of our other projects then that should add value.
So for the present time, people just have to accept that patience is required and they need to be here for the long game an wait for great returns; no point in worrying about the SP today.
Yes Freddie - it a 10 month drop like most junior explorer shares have had this year; and I'm sure everyone knows it and don't need reminding; but You can't help and throw in your subtle negative one liner without any context relating to the thread!
Opulentia - I was just providing a general list of junior miners - not a comparison of assets or problems. Courgettes and Peppers are also fruit but you wouldn't have them in a fruit salad with your apples and oranges!
Matml74 - you make a fair point for AIM and I only posted of shares I'm aware of, and invested in some of them. With regard to just focussing on the relevant sector, then no doubt there are a few bucking the downward trend, but here are the ones I am aware of - either through investment or because they have been mentioned on this board:-
Juniors -%
OMI 38.5p - 12p -69%
ECR 4.4p - 1.24p -71%
EUA 42.5p - 15p -65% - now back up to 24p -43%
UFO 1.65p - 0.74p -55%
WSBN 20p - 10.5p -48% - actually went as low as 7p 2 weeks ago -65%
ALBA 0.57p - 0.15 -73%
COBR 3.9p - 1.75 -55%
POW 3.49p - 1.71p -51%
ORR 1.95p - 0.38p -80%
XTR 9.2p - 5.2p -43%
AYM 11p - 4p -64%
POG 34.5p - 20.5p -40%
AEXG 57p - 31.5p -45%
SGZ £1.27 - £0.66 -48%
SOLG 39p - 24p -38% was down to 20p earlier this year -48%
CNR 59p - 34p -42% (technically a producer?)
CVE-PX (TSX) $0.22 - $0.12CAD -45% Pelangio -Canada
TSX SVE $0.94 - $0.45CAD -52% Silver One -Canada
ASX ARV $0.16 - $0.09AUD -44% Artemis - Australia
I have no doubts someone can post SP's for juniors that have increased their SP, but as I have stated these are the ones I'm aware of.
Paulb20 - further to my reply in the other thread and to your statement (in this thread) that "they are not down anywhere near the fall here" (no capitals required), then maybe you could have done some simple calculations to try an prove your point; but I've done them to disprove your point:-
GGP 37.5p - 14p -63%
Juniors
OMI 38.5p - 12p -69%
ECR 4.4p - 1.24p -71%
EUA 42.5p - 15p -65% - now back up to 24p -43%
UFO 1.65p - 0.74p -55%
WSBN 20p - 10.5p -48% - actually went as low as 7p 2 weeks ago -65%
ALBA 0.57p - 0.15 -73%
Pharma (covid related)
NVCT £11.90 - £2.86 -76%
ODX £1.17 - £0.43 -63%
AVCT £2.90 -£1.16 -60%
GDR £1.65 - £0.18 -89%
ABDX £1.36 - £0.38 -72%
Coin miners
ARB £3.40 - £1.30 -61%
RIOT $79 - $33.5 -57%
The reason for including other sector shares is to give an fair indication across different sectors, (that I'm aware of). No doubt people can post successful company share prices (on AIM) this year but I would think that overall those would be in the minority.
Interesting to note:- that all the pharmas listed are involved in some form of testing for Covid, yet we are still in a global pandemic with half of Europe looking to lockdown and these companies SP's have all went down heavily in price this year !!
Also if you want, then check on some of the other junior explorers that pop up with 'Havieron lookalikes", etc:- XTR, POW, COBR,ORR, KOD - I'm sure you'll find they are at least 40+% but nearly all of them are 50+% down
I was trying not to react to Biggl posts but regarding his/her silly quoted figure of $3,098 to produce one oz of gold then obviously this figure would make mining uneconomic; if so, then why is NCM spending $100s millions still working at Havieron on the infrastructure and decline AND making changes at Telfer in preparation for the ore from Havieron:-
https://www.australianmining.com.au/news/newcrest-to-upgrade-telfer-on-road-to-havieron/
Paulb20 - "Somebody knows something":-
Juniors
OMI 38.5p - 12p
ECR 4.4p - 1.24p
EUA 42.5p - 15p but now back up to 24p
UFO 1.65p - 0.74p
WSBN 20p - 10.5p
ALBA 0.57p - 0.15p
Pharma (covid related)
NVCT £11.90 - £2.86
ODX £1.17 - £0.43
AVCT £2.90 -£1.16
GDR £1.65 - £0.18
ABDX £1.36 - £0.38
Coin miners
ARB £3.40 - £1.30
RIOT $79 - $33.5
Yes, you are correct somebody does know something - I know many shares have went down 40-50+% the past year and I also know many people do not look at the bigger picture when making silly statements.
Of course, no-one on this board is happy at the drop in the SP but the wider market, especially many junior miners, have taken a bashing this year.
Freddie - I sometimes (most of the time) do not get your posts. You try to put down or point out others for stupid posts but you also seem to make silly comments yourself. I'm never sure whether you're trying to come across as being witty (which doesn't work) OR the grounded realist with a balanced view. (which in my opinion sometimes comes across as subtle deramps).
You make the comment - "i would like it to go up but sd seems intent on making it go down" - so in your opinion then do you actually think SD is working against the share price and intent on bringing it down ?
Or in reality it's just your disguised subtlety to fool readers with a negative slant juxtaposed with your positive claim you want the SP to go up !
Irrespective of the opinions we all have on the way the raise was done, then nothing will change.
Shaun has done the interview and confidently provided the reasons for the raise and the plans on where the funds are needed.
There's no bullschite in his words and the board and himself know where the want to take the company.
His strategy has always been clear that with Havieron as the base foundation then he'll grow Greatland into a multi billion pound company.
Any speculation that SD is an NCM plant or will be wearing an NCM cap OR the SP is being manipulated for an NCM takeover is a manifestation by some that hinders and brings down this board.
I have confidence in Shaun and the BOD and have the patience to see a lot of their plans to come to fruition, so I'm here for the long game; even if it means my plans for retirement are put back a year or two.
Good luck with your own decisions.
Maybe the funds are for the growth drilling at Havieron because GGP has to pay their 30% for these and the costs cannot be taken out of the infrastructure works budget ! And as it was also mentioned in the RNS that money was for Havieron !
Artemis have mineralisation at Carlow Castle but nothing massive and have not found anything yet in their Paterson tenement. They currently have a Market cap of £60m and add a premium for takeover - maybe 25%+, which puts them at £75m, so does any one have a good idea why GGP woukd be interested?
YellowS - "I have a feeling that he would like to have many more - and with everything that he knows would be happy to pay a much higher price for them."
Let's not forget, his 375,000 shares have cost him circa $101,000 AUD - so still a significant chunk of money in Aus currency.
Looks like the dust is settling a bit and the noise has calmed down.
Obviously I was a bit peeved like most at the placing and of course it seemed to be done at a bad time, but then is there ever a good time for a placing ?
Of course the way it was done was not great either but it appears to be a quick rushed through decision to bring in extra funds and many are guessing at the reason; but I'm sure there must have been a good valid reason for it.
My first thinking - and by reading the noise on here and tweets - was that it was some sort of ploy to get SD some cheap shares and/or to help the alleged shorting by our broker; but after reading the RNS correctly, then it does state what the funds will be used for - plain and simple.
If SD benefitted getting shares at a discount and the shorters got to close some out, then that's the way it goes. There was a Primary Bid offer and unfortunately due to time restraint then many PI's couldn't get involved, but they did get a chance to pick up shares on the open market at the same price or maybe 14.55p when the market opened this morning - so why complain about the PB process.
When I started to get more heavily involved in buying shares then I did learn one if the important lessons - the SP never goes up in a straight line. If you want to make quick profits then you jump out quick, but if you're in it for the long game then you know the SP line will be up and down over that period of time, and you exit when the time is right for you.
But you also understand that investing in a junior explorer comes with risks, and although Havieron de-risks this share somewhat, the company still needs money to carry on doing it's primary role - explore !
I'm sure if they borrowed money then some people would still moan; and who knows, maybe Academy is on the right line - having a higher level of cash helps if borrowing is required. (What if NCM don't take the 5% - we might need more money for Hav, and GGP maybe don't want to be too cash dependant on NCM)
The fundamentals here have not changed and the gold is still in the ground at Havieron. There is much wisdom on the board and plenty of information; but from what we already officially know from GGP/NCM then we should be seeing ore heading to Telfer in 2 years time and therefore the main consensus here is to accept you're here for the long game and have patience.
The SP in that timeframe will move up and down and never on a straight line for long periods at a time, so you've got to ignore the SP for today and the immediate future and you've just got to wait and decide for yourself when the time is right for you to cash out.
GLA
TT - yes, I would like to see the 'manipulation for buyout' rumours (by any company) put to bed. If it was to happen then we would only be aware when it was formerly announced.
IMO any speculation or guessing on this only creates FUD for some shareholders.
Gordon Brown running the finance of the country?? He couldn't run a bath with 50 taps !!
Because he pre-announced he was selling then it allowed (yes our not so favourite people) the shorters to bring down the price before he auctioned the gold.