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A good option for reducing CGT liability on trading account profits is to put money into EIS investments. You get tax relief on 30% of your EIS investments, which can offset CGT liabilities.
EIS opportunities are relatively high risk and illiquid, but if you do the research and select well there is major multi bagger potential.
If the Artemis drilling does find gold it will be at depth, so I think they will look to negotiate a GGP style farm in with Newcrest.
They do not have the funds to do a comprehensive drilling programme, so they they are probably just looking to put 1 deep hole into each target.
From a Newcrest point of view this would be excellent, as the Artemis deposits would be an extension to the Hav mine rather than a separate project needing it’s own decline.
My gut feel is that Artemis will get some good results.
In addition to Artemis, Antipa Minerals is also a good prospect.
3 joint ventures & fully funded for 4 separate drill campaigns between Havieron and Winu.
Ialis - you can trade Artemis on platforms such as IG and II.
I have invested in Artemis in a relatively small way, because of the proximity of their land to Havieron. If they do hit an extension of Havieron the share price will multi-bag many times, but basically it is a gamble.
Antipa & Artemis are both on the ASX. Thor also has an ASX listing.
You can trade ASX shares on IG, II & DeGiro.
I am surprised that Lenigas is enthusing about Rincon Resources Gunsynd, but does not mention Antipa Minerals.Presumably he is still building his position in Antipa.
Antipa have huge areas along the NW trend line between Havieron and Winu. They are involved in 4 drilling campaigns, with the costs being funded primarily by their JV partners (Newcrest, Rio & IGO).
I have taken substantial positions in Antipa & Artemis. Sadly I only started buying GGP shares in January, so I wanted to be in early on other explorers in the Havieron neighbourhood.
Absolutely 1noise. I rarely have large cash balances.
Thanks ChristopheB. It is good to know that I am not the only one worrying about this!
I use IG, II, AJ Bell, HL, HSBC, Halifax etc.
would be interested to hear other GGP investors opinions on the potential risk of having large account balances with brokers.
The rapid rise in the GGP SP must be producing some very large account balances!
As the maximum FSCS compensation for investments is £85K, I am concerned that allowing GGP driven increases in the value of my broker accounts to high levels could represent a risk. I have tried to spread my GGP investment across as many brokers as possible (primarily S&S ISAs).
In theory if a broker goes bust, the receiver will simply transfer the nominee accounts to a new broker. However this only works if the broker has kept client funds separate from their own funds. A rogue broker could abuse client funds.
So my dilemma is, should I allow my S&S ISA account balances to just keep growing (multiples of the £85K FSCS guarantee), or periodically sell some shares to limit the balances.?
I don’t want to sell any GGP shares, and aim to maximise the % of my shares held within my S&S ISAs.
Any thoughts?
I have a substantial GGP investment, and have also put money into Antipa & Artemis.
Antipa have secured large areas in the prospective line between Havieron and Winu. I like the fact that they have 3 JVs in which the partners are paying 100% of the exploration costs.
Investing in Antipa & Artemis now is potentially like being an early stage investor in GGP.
I am using IG, II and Degiro for ASX shares. No problems with buying/selling through any of them.
For keeping on top of ASX news, HotCopper is excellent . Lots of well informed investors on their forums
@TakingMyTime
I think a gap fill shallow mine near Telfer could help Greatland. If Newcrest are doing well at Telfer, it would perhaps allow them to be more generous in any buy out offer for 100% of Havieron,
I am invested in GGP and Antipa Minerals. While researching Antipa on HotCopper I came across an interesting discussion on Havieron mine timings, and the likely production gap between the dwindling Telfer mine ore supply and the start of the ore flow from Havieron.
It is likely to take 2 years to complete the Hav decline, so production at Hav will probably not start until 2024. However economic grades at Telfer mine could be very limited by 2023.
Newcrest have a JV with Antipa in the area around Telfer. If gold deposits are found here they could be brought into production relatively quickly (under only approx 5metres of cover), helping bridge the production gap at Telfer.
Such a development would be good news for Greatland, as it would help Newcrest from a cash flow viewpoint while they are investing heavily in the building of the Havieron mine.
I am surprised how little forum activity there is on this company. It is moving up quickly and has considerable upside potential.
I took my first position in mid-May and since then I am up 82% overall on ADT. Lots of news flow imminent and well positioned for the bull market in silver.
Price continues to build nicely (up over 8% today). Very good recent drill results. Proposed deal with Tethyan looks logical.
‘The deal will add Tethyan's Serbian brownfield development projects, Sastavci and Kizevak, as well as a "large prospective landholding on the Tethyan mineral belt", which Adriatic believes will position the firm "as the leading Balkan base and precious metals developer".
The deal requires approval from two thirds of Tethyan shareholders - voting support agreements have already been obtained from 54% of shareholders - and includes a CAD700,000 break fee plus up to CAD150,000 of costs and expended for Adriatic payable by Tethyan "under certain circumstances" and a CAD350,000 break fee payable by Adriatic to Tethyan "under limited circumstances".
Tethyan has also entered a deal with Serbian firm EFPP d.o.o, which holds two exploration licences which comprise "the central parts of the Kizevak and Sastavci deposits", to acquire EFPP in a two-stage acquisition.
The first stage involves Tethyan paying EUR525,000 in cash to EFPP's sellers in return for a 10% stake while the second allows for Tethyan to pay EUR1.4 million in cash and grant a 2% net smelter return for the other 90% stake. Obtaining the other 90% stake also requires the issue of 664,000 Adriatic shares in four tranches to EFPP and the payment of a EUR500,000 deferred cash payment on the second anniversary of the first half of the deal.’
Fantastic top up opportunity. I didn’t see this coming. Boots completely filled now.
I wasn’t far wrong with my forecast yesterday!
Hole 1 - loads of gold over hundreds of metres including unbelievable amounts of the precious over a lot of metres.
Hole 2 humongous quantities of gold over many hundreds of metres, still open at depth & including phenomenal amounts of gold down to as deep as we could drill.
All the other holes are pretty similar.
Basically wherever we drill we keep finding loads of gold.
HotCopper website says announcement will be online at half past.
Hole 1 - loads of gold over hundreds of metres including unbelievable amounts of the precious over a lot of metres.
Hole 2 humongous quantities of gold over many hundreds of metres, still open at depth & including phenomenal amounts of gold down to as deep as we could drill.
All the other holes are pretty similar.
Basically wherever we drill we keep finding loads of gold.