Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
No ! If you rely on email instructions, it can take days. The spread and price can move against you! I tried through X-O sharedealing, after waiting two days I cancelled the instructions, got well narked and took trading and isa accounts to ii sharedealing. The thought of loosing 5% through spread on One of my GGP pots was too much to bear. Hindsight not sure, 5% of 20k at sub 3p. How much would those lost shares be worth at 37p. Answer @ 35p profit the 5% spread loss would now have cost me £11,333. Hell!
Hi, sorry ! Busy today with the old man and his covid jab! Next time I'll take the wheel barrow!
No ! Sent the first email care of Keras, then a slightly delightful one to both Dave and Brian. ( if we must use first names). INDEEP is as much my investing philosophy, as it is my alter ego. ( knew I'd fcuked up copying that letter, to much haste , not enough speed ! Oh the little ??)
You can never be sure if your getting through, used to hammer emails of to Jubilee Platinum, when I was heavy there! ( great CEO, Chairman " merchant banker". Along with many others, eventually got a two way conversation going. But v.hard work. After eight years, was there was a year ahead when share would be static as company grew. So I threw everything at GGP, thank GOD. Jubilee did move eighteen months later, but not like Greatland. ( best decision ever ).
Now if we don't mind, I'm going to put my Indeep pants on over my trousers . " INVESTORS ASSEMBLE "
My 2p worth. Totally in favour of Juri Jv , Why.
It enables GGP to drill multiple targets in short space of time, not doing one then hoping we have enough cash to drill next!
At years end NCM , will pick up the batton and run with what we find.
" Opportunity Cost" the term is, by cramming our exploration work into a shorter time frame, we stand a better chance of hitting the rising market, all stocks are cyclical, we are on the rising wave, but nobody knows how long the run will last. Delay in exploring our assets could result in coming to market, for funds or with ipo etc when the taste for gold has passed.
The "we're going to need a bigger boat" synopsis, if by some act of God. 80% + of everything that is drilled is Hav +, the total funding required to drill to JORC specification is mind blowing, let alone any contemplation of mining. In NCM we have "tied ourselves to the mast" of one big ship, with funds off the scale of what GGP could raise , Hav or No Hav. But also , they have an earnings stream against which borrowing in the Billons is possible.
Going alone is the dream of the small guy, anyone in business should always surround themselves with people more experienced and better at the job than themselves. You learn nothing by employing idiots.
We are so fortunate to be here now, the possibilities are phenomenally fantastic! I'm not so old as to have no dreams left, but the hast of youth is long gone. Fortune is of no comfort to an old man, when his body is frail, and his spirit gone, this is our time, we can think of generations to come. Gift them as you will! But we live in the here and now !
Thirty years from now , I'll probably neither care nor remember GGP. Perhaps a visitor might show me an old photo, hold my hand and ask how we all, did so well during such hard times. If lucky, between now and then, we may make some memories , that shall linger dimly, to resurface now and again. But to us all , I reflect:
" Yesterday has gone; Today is ours, and Tomorrow has yet to come"
Always try to help, and always plan ahead! The T/M , let no one utter his name, is a greedy beast. Feed him no more than the scrap he demands, and not one morsel more.
We wait our whole lives for a situation as this, my father still remembers when Borden Brown raided his pension fund in the 80's. And Not have I heard about that a few times.
Back to check on keras resources, their giving me hell today on there. Keep clear . Be warned!??
Apology given , very rushed day. Your correct 're direction of funding! Can anybody tell me then, why we're still not in manganese production in togo! If we do own the rights, and Mm mining have fcuk ed off. And we have jumped through every hoop, twice. The equipment is on site and has been under care and maintenance and has been test run r recently.
Is there something I'm missing. As they say " if not now? When".
Face value is irrelivent. Double sovereigns are gold two pound coins. You could use a couple to buy a pint of Guinness, but how much change would you expect????
It's the value of the gift, houses , cars , coins that count! Else nobody here would be worth more than a few hundred quid !
Further: you agree mm signed the deal with two Togo ministers, sealing ownership. When did SGM, purchase, lease or steal their interest in mm right. And as side note . Keras doesn't own85% of SGM, the shares being released to market in mid jan , will provide cash to fulfil our agreement to buy 51% of SGM. Till that moment, we are only a minority shareholder. You know the feeling!!!
What I'm saying is : we think we have bought into the Togo project by buying into SGM, but when did mm mining relinquish, loose or default their right to the manganese in the Nayega project. Do you have any proof ?
You have presented the information relative to the situation as seen under the previous government, but do you know of have you proof , or hearsay that mm mining no longer has any interest in mining manganese in togo.
You can only buy something, if the seller is the legal owner. Else it's just a grift.
As of today we are only a part owner, in SGM, as such are taking on faith all is OK.
Any confirmation of the due dilligence, needed to keep the markets happy. Any solid statements from Keras that all is well, other than we are buying into a company that appears to own the rights.
Are you so happy that all is well? If so why are we still non operational , when other companies are being signed off and releasing such news to the markets.
I want to believe, this is all cosha. I'm patient. But not the fool you think I am. I have cash looking for an undervalued , bombed out multi bagger in waiting.But sorry ! You haven't convinced me yet!
Also forgot , check https://www.gov.uk/inheritance-tax.
Regards
Sorry to but in , but ! Having recently done the valuation for my mother's estate, rules are , max gift given away £3000 tax free per year, or any amount , as long as you live 7 years after making gift and receive no benefit in cash or kind relating to gift. ie give someone your house , but you'll have to pay full market rent or move out. Don't know your age , health of chance of dropping dead on the " job" , ala " private benjamin". If you do they become liable for Capital Gains Tax. So if you gift gold, frankincense and myre, for their university etc, ensure grandad have enough to keep the tax man at bay, else they could face a dirty great tax bill durring their finals. Just a thought.
Not lazy, just busy ! Thanks for link. Shows that it was all down to whim of one minister, perhaps you should have emailed him when you could to call him such!
Anyhow ! It still doesn't change who was allocated the grant first, and without any final adjustments or solid confirmation. That the situation has been corrected , we are only working on good faith.
" in God we trust " in Togo we don't