Member Info for get_rich_quick

Good morning, Buysellrepeat,

I also "bought some more" at £7.69, but then it dropped a tad lower.

May I say that I'm not buying out of fear. I'm not really sure of your meaning but I'm buying because it's an opportunity to add more at a reduced rate, and I'll keep on doing so until the trend reverses.

That said, I curse my hesitancy when I should have sold at £9.30 odd, as I was in a very handsome profit but the market will swing back around again, especially if you're invested in quality stocks.

Actually, that brings me onto a recent buy of yours. TRP.

I invested in the O&G market many years ago, and I held Tower and did immensely well out of them (rise from 1pence to 5pence!) and looking at their share price now, I'd suggest they've consolidated and diluted many times at the expense of the private investor, but I hope it comes good for.

A lot of small miners fella by the wayside, RRL, SOU, AST, MXP, BPC and MTA.

May I suggest you don't hurl comments on other boards when the market that you're choosing to invest in is particularly unforgiving, but I note you're happy to crow about your buys....

Happy Saturday all.

I hope it doesn't fall to £8, as I bought £1k worth today.

I know, I'm a high roller.

Tymers,

Apologies, but when a company offers dividends, the only "time" you have to hold them, is at the point of the "Ex dividend date"

People tend to plough money into shares (the weeks) prior to a dividend issue, to reap those benefits, but that's a risky game, as the share price generally dips around the dividend date, which means any benefit gained from a dividend, you could lose from your overall capital holding.

ATB.

Hi, Kingfisher68,

A well rounded post, and I agree with most of it, but Telfer has now offered the ability to produce more gold and for longer.

Next weeks results will confirm this, but early figures have shown after uplift costs (Newmont cuts) Greatland Gold is making around $1,000 per ounce.

November results showed almost 30k ounces of Gold recovered, which means an operating profit of $30,000,000.

It's the above figures with how we are valued at $1.7billion.

As long as we recover similar levels going forward, then this companies balance sheet can only going one way.

I fear a consolidation, but the old adage of 'rinse and repeat' isn't overly applicable as we are generating cash. If the board chooses a consolidation and not a buy back, then I'll be gone, as that shows the boards intention towards shareholders.

I only dip in and out of this board as the perennial noise from keyboard warriors hurts my eyes and ears, but with the recent upgrade from Telfer, I truly fail to see how this company hasn't got legs for the medium term, and by then, we will all know of the success (or not) of Havieron.

Happy Sunday all.

GRQ.

Congratulations, Ripper!

Although, don't mention that around here, as you'll be accused of being a shorter....

ATB.

Apologies, MrJohn. If I said something or offended you I certainly didn't mean it.

And, £3k (profit) on top of my £5k invested, is a lot of money to me.

ATB.

Nice work, Bobrad!

I'm £3,073 up! And I'm having nervous sweats and feel like I should sell up!

I like the Greatland story, but I don't want a potential consolidation to nibble away at my profits (i know this has been a hot topic here) but I've been through many consolidations (TLY, SOU, AST, RRL, TUI) and they all pulled back after the change.

The main clear difference is the amount of money we are making, and hope continue to make each month.

Have a good weekend all.

GRQ.

TimberTrader,

You've got £150,000 worth of Greatland Gold?!

That puts my paltry £6,000 worth into perspective.

You'll be taxed to high heaven on that when you sell!

ATB.

TimberTrader,

You've got £150,000 worth of Greatland Gold?!

That puts my paltry £6,000 worth into perspective.

You'll be taxed to high heaven on that when you sell!

ATB.

I tip my hat to you, sir.

ATB.

Why the harsh drop today?

I've waited for the ex-dividend date as I wanted to take my profit but it's shaved £2k off my £12k profit.

Actually, have I answered my question. It's dropped because today is the ex-div date?

GRQ.

All I know is...

The SP is on a very good high, and as soon as we go ex dividend, I'll sell my handsome profit of £12k here.

Small fry to some, but that's a lot of money to me.

Combined that with the April divided, I feel very fortunate.

ATB chaps.

GRQ.

Hopefully a special dividend is announced once the retail side of the Bahrain banking operations is sold off.

GRQ.

HSBC website

Q - "Does HSBC carry put share buybacks?"

A - "Yes, buybacks are a part of our capital management toolkit - we announced $18.5bn of share buybacks between 2016 and 2023. "

ATB.

Yes, the 36 cents dividend is a nice touch, along with the new buy back before the next quarterly results.

I may hold onto my shares a little longer as I hope the further buy back will continue to increase the Sp.

ATB.

Many thanks, folks.

I appreciate your input.

I may start talking my dividend as cash and either reinvest it elsewhere or just put it into my pocket.

I have had concerns with reinvesting at our current prices. That's a good call, Gerry.

Money_Hoarder,

Fear not, every P.I has a thousand of those tales to tell. Whereas I only know 2 people who have ever truly 'got rich quick' from the stock market.

ATB.

Considering bailing?

I only have £50k worth now (based on current sums) but it's a huge amount of cash to me.

I have previously bleated on about historic share prices and that HSBC doesn't generally tick over £8.50ish, but one gent commented that we have since bought back a load of shares, which rightly means that should trickle onto new highs.

Again, I just wonder what others thoughts are on this. I'm genuinely a lowly investor sitting on a handsome pot, albeit the dividend is only just under £2k a year but its a potential steady income stream if I hold for the next 10 years.

That said, it's pointless holding and benefitting from the dividend if we endure another crash and my capital is slashed by half.

I think I'm more suited to Premium Bonds...

ATB.

Flipping eck, Chuff!

I'm not sure what your monthly take home pay is, but I'd be happy to make some profit and treat myself to a Tag Heur watch.

Happy weekend all.

GRQ.

LesBoy,

I fail to see how price targets can be judged, when we still don't understand our uplift costs, selling costs and the EBITDA.

If we are selling back to Newmont, then they are the ones to make money on this deal, as they've sold their toward end of life mine for a princely sum, and them they're buying the gold that we produce at a reduced rate.

I've got a modest (for me) £5k invested here as I see this as a worthy punt, and I know I'll be shot down in flames for this, but just because we have churned out 30k ounces of Gold, once the above is adjusted, we may not see much profit. And that therefore means the impact on the Sp is minimal.

Until we know what the costs are (come April) the Sp will bounce on sentiment and buys / sells alone.

ATB. And have a good weekend all.

Shahadow,

The announcement should be on 18/02/2025.

GRQ.