Member Info for Impecunious2

Hi, Zoros @11.57.

"Blessed are the peacemakers" is one of my favourite quotations, and in this instance applies to yourself.

"Bury the hatchet," however, reminds me of the joker, who once said (when asked to do so), "I want to bury it in my enemy's back."

But speaking seriously, there's too much violence in the world. And we know (from the example of Donald Trump) that violent words lead to violent actions. Which is why I think we should refrain from throwing insults at each other.

Best wishes.

Hi, John.

Congrats, I admire your skill (and your honesty). I also note with interest that you were able to get out £185,692 (if my maths is right) without any problem (which surprises me). I shall follow your example, and prudently withdraw at 29 pence.

Best wishes.

Hi, Mr Bronson.

Jv's posts are much more intelligent and better informed than those of Elise (his wider vocabulary is a sign of this). I don't think they are the same person.

A touch of blue cheers the troubled soul.

For me, it was partly JoeBass; but more importantly the Berenberg price target of 33p, and the institutional buying. I thought it was unlikely to fall below 30, because institutions and individuals would regard that as a 9% discount, and buy.

One thing that did concern me was the paucity of projected newsflow between January and March, as Greatland itself would not be drilling in that period; but then Newcrest would still be drilling, and I anticipated further good results on Havieron (which happened, but didn't save the share price).

I was also worried by the departure of Gervaise, and almost sold part of my holding when that was announced. As you will remember, the share price fell briefly that morning, and then recovered. I took that as a sign that I was fussing about nothing, and therefore did nothing. This was despite a very clear memory of the hedge fund, Man Group, which started falling when the CEO, Stanley Fink, resigned in 2007, and never recovered.

With hindsight, the ending of the calendar year seems important. 2020 was Greatland's year; 2021 is not (if we may judge by the first quarter). I still have 85% of my original holding; the other 15% I have switched into OMI, which has suffered a similar fall to Greatland.

Never mind the losses. The jokes on this billboard are excellent.

Hi, Doctor.

I value your posts and your knowledge of the company, and don't place you in the same category as Mr Positive and Mercedes (both of whom have now moved on to pastures new).

Best wishes.

Hi, Bully @15:52 and Whytry @14:40.

Thank you both for making me laugh. The best medicine in times of trouble.

I'd be surprised if anyone is still keeping a short position open at the present level, because the drop and the profit have already happened. But I agree with Timber that there has been shorting, since January.

Hi, John.

You've missed out Mr Positive from the list. He was very active in November and December. I found him so nauseating that I delayed buying any OMI, until he'd gone elsewhere.

The change of CEO has introduced a new element of uncertainty. We don't know Shaun Day's character. Would he accept a low offer for GGP, in exchange for a well-salaried position at Newcrest? We just don't know.

With Gervaise, we knew his character. And we were protected by his huge shareholding. But now we have neither the knowledge, nor the protection.

Hi, BigN.

He's busy promoting GGP. Perhaps rightly so.

Hi, barcode.

You're right about the price movements of the two; very similar. But of course the market caps are completely different; £36m for Orosur and £784m for GGP. And one operates in Colombia, and the other in Australia. The only connection between the two is that sentiment has turned against both, because of the falling gold price; the same thing has happened to Shanta Gold, which operates in Tanzania, and has a market cap of £127m.

Hi, Freddie.

I try to keep the frivolous stuff until after 4.30 pm, in order to leave the board clear during the working day for those who know more than myself.

I will be buying more to support the share price, if it falls to below 10p, which is entirely possible.

Well done, Bully.

I envy your skill. Sitting on one's hands was the right strategy for 2020, but not for 2021.

I wish to retract my statement yesterday that the share price has not fallen in March.

Hi, Vicjain.

The reason it's fallen by 50% is that it was being puffed by shady characters whom I shall not name, and some novices were sufficiently gullible to believe them. With a FTSE 100 stock, one can't do this, because there are too many analysts who know the facts, and traders who have seen it all before; but with a small AIM stock, one can.

I support the company, and recommend buying at the present price. But after we have had a rise back up to 30p or 40p, I shall remain prudently silent; for I have no wish to see anyone caught on a spike.

Hi, Vicjain.

The share price hasn't declined in March; it's gone sideways, after the fall in late February; it was 21p on 2nd March, and is about 20 pence now. And the reason is, supply and demand are exactly balanced. There are good reasons to buy at this level (as I myself have done); but some people must have their own reasons for selling (e.g. they need the money, they wish to cut their losses, they fear a general market crash, they see better opportunities elsewhere, they find Brad less than charismatic). Something similar is happening in GGP, which has been going sideways since the middle of February, after a 40% drop earlier in the year. It's tedious, but will end sometime, either by a rise, or by another fall.

Hi EM @ 10: 28.

The more likely nightmare is a market crash in equities, which drags us down to 12p (the next support level), followed by a takeover at 20p or thereabouts.

If one wants to look on the bright side, one can say that we are protected against a catastrophic fall, because Sandeep will take advantage of it to buy us out (which will bring the price back up by 40 to 80%).