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Perhaps Nicole intends to hang on to some of those POW shares for a few months, given the newsflow there.

We shouldn't blame Nicole for selling POW shares; she's doing it to protect us, by delaying the next fund raise.

There's then a separate question about the price she accepted for Pilot Mountain, which looks to have been too low.

I'm not happy that Paul Johnson, Artemis and Metal Tiger have exited (as noted by Snooz); but the quality of the assets should see us through. In particular, we need to get the Alford copper into production, using ISU. And to get Molyhil into production; it's had a feasibility study, and is commercially viable.

Hi, Tray

You're right about this. I hold both, and can therefore be regarded as an impartial witness.

Hi, Paul

Probably not yet. There are still some POW shares to sell.

Hi, Ginger

It might be Thor, selling some of the proceeds from the sale of Pilot Mountain. They're short of money at the moment, and the CEO is probably trying to avoid or postpone a fund raise.

Hi, Rob and Vicjain

As you may have guessed, I agree with both of you.

The problem here is that there's no regular newsflow. What drove GGP higher in 2020, was the update every six weeks from Newcrest (plus favourable market conditions). Here, the consortium of Newmont and Agnico has no particular wish or intention to update us at all; and I'm sure many of us fear that they're keeping the best results secret, in order to hold the share price down, prior to a buy-out of Anza or the whole company (the assets in Brazil and Argentina would then be sold).

I managed to buy a few more today. It's a company I'm happy to be invested in. Paul Johnson, the Gervaise Heddle of tomorrow?

Hi, breaktwister

The contrast with POW is interesting. POW rose sharply on good news in August, but has managed to hold on to most of the gains.

Hi, Elsgly

If it's any comfort to you, I held GGP for ten years, before breaking even. At the low point, I was more than 90% down.

I think the plus points here are (i) the CEO, Nicole Galloway; (ii) the copper in South Australia, which should go into production in 2024; (iii) Molyhil, which has had a feasibility study done, and Nicole now intends to sell or jv.

The other stuff is exploration, and may or may not work out.

Hi, Herne

Yes, it is rather sinister. Perhaps the market makers have the power to suppress any posts which are unfavourable to them. One of them had a vendetta against me once, but that was in 1978; so I presume he is now retired or deceased. They were called jobbers in those days.

Hi, Elric

Fortunately, we're not investing our daughters in this particular project, only our money. I believe the other kind of thing was outlawed by all civilised nations long ago.

Hi, Norway

Take it easy on Skint. He seems a decent type. Of course, you're right about the recession and the media; but there's no point in quarrelling amongst ourselves.

"Blessed are the peace makers," etc.

Best wishes

Hi, Beau

Someone sold this morning to raise £8,363. He (or perhaps she) probably needed the money, which is peanuts these days. It's not a judgement on the company.

The problem is, that volume is so low on this stock, that very small buys or sells have a large influence on the supposed price. I say "supposed," because for larger amounts, one only knows, when one tries.

These sells may be coming from Thor. They have sold shares worth AUD 350,000 in the quarter July to September, and at the end of September held 35m shares with every intention of selling more ("every intention" is my understanding, or misunderstanding, of the latest report). This is not some vendetta against POW by Nicole Galloway ; she has to sell, in order to protect the Thor shareholders from dilution.

I hold both, and therefore can see both sides of the question.

Hi, Tweenie

Unfortunately, bsg may be right. Nicole G is doing what she can to protect us from dilution, by selling shares in POW; and there are more that she will probably sell in the next few months. But unless she manages to sell Molyhil in that time, I think it quite likely there will be a fund-raise in January or February.

The only thing to rescue us from this predicament of dilution (and bsg saying "I told you so") is copper production in South Australia (which is where Nicole lives), presently scheduled for 2024.

I have one third of my capital in Thor, and believe it's an excellent company to be invested in.

Hi, Seingred

I'm with you on this. But that you already knew,

Best wishes

Thanks for this, Norway.

Hi, Nookie

It's silly to sell now. You can either hold for the long term, or sell on the next spike. But selling now doesn't make any sense.

Interviewer: "Please can you talk us through your latest set of results." Brad: "Well, I can, but they're rather boring."

What a start to an interview - I didn't know whether to laugh or weep. As Norway has said, the contrast with Paul Johnson at POW (or even Nicole Galloway at Thor) is pretty striking.

Despite this, I actually quite like his speaking style, which is simple and direct. He's honest about difficulties (e.g. moving the rigs in Anza), and I'd rather have that than euphemism or mendacity.