Member Info for Impecunious2

Hi, Mulletman

I agree with you on this; and particularly like the word "duffers," which I haven't come across since reading Arthur Ransome, "Swallows and Amazons" (published 1930). I suppose if one puts enough effort into it, it's possible to judge someone's age by their vocabulary. "Don't be bolshie," my grandmother used to say to me, which was slang from the 1920's (when the Bolsheviks were on everyone's mind). If you now tell me you're 21, that will confound my hypothesis.

Hi, Tom.

On the question of the motto, I'm happy to stay with "Onward, Greatland soldiers," as invented by Applegarth in 2016. It's perhaps a little masculine; but after our experience with Elise, that may be no bad thing.

Hi, Ongold.

What it means is that if you bought immediately before the rise, you are only 2% up. The spread is the difference between the buying price and the selling price, and is how the jobbers (now called market makers) make their money. On a FTSE 100 share, the spread will be wafer thin; but on an AIM share, it can be disagreeably large, e.g. 5 or 10%. This is counter-balanced to some extent by the fact that on AIM (owing to the generosity of George Osborne), we don't have to pay stamp duty (0.5%); and on the main market, they do (except for ETF's, of which I'm a great admirer).

Hope this helps.

My guess is that the new CEO will want to take swift action to put his own mark on the company, probably by doing something with the non-Paterson assets. We need to remember that in addition to Newmont's survey work at Ernest Giles (May 2017 to January 2018), there was a farm-in agreement with Unity Mining on Firetower (October 2011 to July 2015).

I know these have been mentioned recently by Bamps and others. One advantage of them is that one can drill throughout the year; the climate is very mild, similar to England.

Hi, Magic. I think it's worth putting in.

Hi, Shady.

It's a very sensible question, not daft at all. I think SD's appointment indicates that Greatland is going to become a mining company. Obviously exploration will continue, as it does for example at Hochschild (a mid-cap mining company in South America). Someone who has thought carefully about this matter is Mineralholder, and I refer you to his post of 12.43 yesterday (which includes a link to a presentation by Shaun Day, when he was CFO of Northern Star Resources).

Thanks for this, TMT @6.54.

It did cross my mind. "Citizens of Hamburg" would be politer. The reason I posted the message was to show that the history of Germany is complicated, and consists of much more than Prussian militarism and the Third Reich. Neil MacGregor, "Germany: Memories of a Nation," Radio 4, is the best introduction.

https://www.bbc.co.uk/programmes/b04dwbwz/episodes/player

As I know nothing about mining, I seize every chance to digress into politics, history or literature.

Thanks for this, the learner (or in this case, the teacher).

Does anyone know how much cash GGP has at the present time? Although our share of the early works at Havieron is covered by the loan, and Newcrest is paying for any drilling on the Juri joint venture, GGP has to use its own money for drilling at Scally and Rudall, and any of the non-Paterson sites. Also, to pay the salaries of the directors (which are not insubstantial). The sooner we have a steady income from production at Havieron, the happier I shall be.

Hi, Tom. I think it's slightly unfair to refer to Berenberg as "the Germans." The company is 280 years older than Germany. For most of that time, Hamburg was a free imperial city, within the Holy Roman Empire; and it remained a sovereign city state until German unification in 1871.

Something that caught my attention at the end of yesterday's interview was this. Gervaise: "I think you're going to hear more about some of those other projects this year." He's referring to those outside the Paterson region, i.e. Ernest Giles, Panorama, and Bromus, plus the two in Tasmania.

Hi, John. Thanks for explaining this. I'm surprised that anyone would wish to buy or sell at an unknown price. It seems an act of severe self-harm to me; but there's no accounting for taste.

Hi, TMT.
You missed out, "held back because of Covid," which Jet suggested a few days ago. I don't think it's very likely, because there's been very little Covid in Western Australia.

Josh (and possibly TFG, too),
You're lucky to have an income. Spare a thought for us poor peasants, who have to live off capital.

It's like waiting for Godot.

Hi, Jet. I'm sorry to hear about your local Asda, but if it's located in the UK, I don't think it's very relevant to Western Australia, which has had a total of 884 cases, and 9 deaths. The reasons for the delay lie elsewhere. But I agree with you about patience being a virtue.

I've always found Eqi (formerly selftrade) pretty good myself.

Hi, Napthman. Thanks for posting the link. David Lin's a good interviewer.

Hi, Jet @16.17. You may have seen this already; but if not, it's worth watching.

https://m.youtube.com/watch?v=gZ-XLz8cGFE