Member Info for GoldenI

BlackBush for me - a very good digestif

Who would have thought in January that we would be at or about 28p at the start of December 2020?
Hoped - yes probably - but honestly thought so at the start of this year?
A truly stellar performance to date.

Around 3 Aug this year share price was 14p - 4 months approximately to double.
That is some going.

I see THOR have an update this morning

How much of a reduction ion free float will there have been?
Do we also need to add in GDXJ holding to the 'non-free float' calculation?
Admittedly in the scheme of things this may not be a huge amount, but looking just at the shares purchased yesterday, may there not be several hundred million less shares in free float?

So where do they find 100m shares?
And is this GDXJ or frontrunning for them?

TMT
Wishing you well.
You still took the time to offer your thoughts - hopefully hear from you when things settle down for you.

It was good to hear from Gervaise - and how he reckons that the new agreements show how much trust that NCM are putting into GGP.
Whilst the agreement for various assets may seem to be a bit low in valuation, the cost of exploration is comparatively high, and whilst GGP have come a long way very quickly, they are still a relative minnow.
Havieron is the real deal - and anything else of value will be the icing on the cake.

This might sound ungenerous - but business is business.
Going to a bank with a JV, probability to mine, probability of gold price staying high, probability of getting gold out of the ground etc etc... are only probabilities to a bank, and still risky when lending 'other people's money'. Effectively NCM have done the same - their shareholders money - but from a position of understanding the fundamental risks better than a bank might.
For GGP it was probably a choice between accepting NCM terms, raising capital via new shares (or dreaded CLNs), or paying a higher rate elsewhere.
It is all somewhat confusing in respect of whether these are favourable, market, or unfavourable terms.
It feels like even more hinges on SW results now - for the short term.
However, the medium ter prospects seem to have improved.
All IMHO, DYOR, etc.

Only went to watch a film and check in before going to bed. Need to read up now - is this good or not so good? Guess tomorrow will tell. (it is almost tomorrow - unless you are in Portugal).

Does that £2.48 allow for 30% ownership of Havieron already?
If not, strangely enough 30% takes us to....take a bow Mickey...74p.

Mushroomkid,
Nice Rolls Royce analogy.
I was thinking more of owning a very nice, old painting.
Now I am desperate for money, and someone offers me £10k for 70% of it.
We both know IT MAY just be a Van Gough - but nobody had let the experts loose on a close inspection.
I get £10k now, and maybe a lot more for the 30% I no longer own, so I am happy.
Purchaser gets 70% of a nice painting for a fairly high price at that stage - but knows it may be worth much more, so they are happy.
Now if the 70% owner is a collector, and if the painting is a Van Gough, might he not pay millions more for the 30%?

Why are the disrupters so busy at the weekend?
Are the moderators working only office hours?

Bobby's team - wonder who that includes?
Greenfool for one most likely.

wasred
but you can thank your lucky stars

Whilst the recent volatility in the Gold price has resulted in a 'softening' (by all accounts the view expressed by 'experts' is that this likely to be temporary), the price of copper continues to surge ahead.
Nice having Gold and copper in the ground.

Timber
I do hope that Sandeep does not go - he is too much of a friend to GGP.
If he did, then NCM would be after a replacement. Whilst Gervais would have to be an outsider, it would probably go to someone with greater experience of handling a mining company.
Just a few more variables to mull over!
..and still speculation, for now.

I know we are predominantly looking at the Gold and gold price, but copper really has held up well over the past few months.
How significant will that be ?

Well said Mickey.
Well done Jon.
We all have a story....
GGP has been such a good journey - and looks like just the beginning.

BTB
... and do not Newcrest already have one of the best rates of gold resource projections for future years amongst the majors - which helped them with their recent round of bond refinancing?