Member Info for Jambo813

About the fall in SP. more sellers yesterday on so so volume and more again so far today on virtual zero volume. If no one is biting to take shares then what do you expect.

If that was your exit point good luck, if not I truly believe this is the point you will be locked out

Just in case anyone missed it, NC recently negotiated a new contract / rate with the operator that manages Telfer. Another sign that Telfer has a future, caveat being with or without Hav. Just for balance.

Not going to happen.

You should give the same message to your cobblers on HIOT COPPER who are invested in NCM.
Much means there about NCM SP and HAV hardly mentioned LOL

Yes, I was about to post- much rather be the runaway winner in 2020

Would rather raise some capital ie 4m if it enhances chances of discovering gold worth Hundreds of Millions. We cannot sell potential.

Jerry could be under the 10 they hold so still looking good if there is news to trigger demand for shares.
Do es anyone know or use Jim Nominees Ltd, they have doubled their holding in last 12 months

Prospector I stand corrected as found the 82.13 % in the company report. That is good news, I still think the MMs could still have about 10% in total on their books but would be delighted if they have have less than that.
Shareprice.com used to give historical daily gross buy and sell totals which was great for tracking but they now only report volume traded.

NYWA91 it’s not a crime to understand how the market works, and none of us are that good to be right all the time. When I had time on my hands to sit by a screen all day long I used to trade GGP when it was bouncing about between 1.30 and 0.50 Don’t begrudge anyone who continues to trade this.
I still think there is scope for the SP to fall a bit further but even if I did have time and inclination to trade it I would not. Sitting in front of a pc is no use if you are out and news such as an offer or another JV is made.
And yes when sometimes there is a rise in price, I do not complain but do understand it’s MM raising it on the back of a flurry of sales for no apparent reason Other than to push the shares back out and enhance their profit. No longer use L1 but when I did you could often see one of the six MMs taking the Lead and switching between the Bid and offer so churning stock around

Agreed, the jigsaw parts are slowly falling into place, it’s what investors like to see. Ignore the SP

Prospector. Funnily enough GGP are not listing the full list and the only one I can find is the below sourced from Bloomberg. Total % on that is 70.5 and so I do not think much has changed to the figures I posted.
Where did you get yours ? I hope it wasn’t from a piece by Simply Wall Street - they mention a figure of around 82% of GGP being held by Institutions.
That is total tosh.
Largest Shareholders %
Hargreaves Lansdown Asset Management 25.5
Interactive Investor Trading Ltd 13.7
Halifax Share Dealing Ltd 9.4
Jarvis Investment Management Ltd 5.0
Beetham Stephen 4.0
AJ Bell Securities Ltd 3.6
HSBC Holdings PLC 3.5
Barclays PLC 3.5
IG Markets Ltd 3.2
Starvest PLC

Will check Prospector, I last looked in January figures

Prospector. Look at the list of major shareholders, those that hold more than 1% and the directors/connected persons holdings too. Almost all the PI holdings will be in the Nominees listed ie Hardgreaves etc.
Now add up all the percentages and see how much of a percentage is missing. It’s been consistently between 25 and 30% since Newmont bad news when there was plenty selling. Who had to soak up these sales ? The market makers, thats their job.
There will be a small percentage of shares held by individuals via their local stockbroker and I do not believe there are any institutional holders ; holding under 1% . The ones we do have are already on the list as is SB s holding.
The info is all there so easy enough to work out there is a big junk not accounted for...and MMs are rightly exempt from disclosing their long positions.

Hard to say but on a daily basis they will assume there are traders around so think there will continue to be a slow fall during rest of this month on the current volume. There will be the odd day when logic does not apply ie when there are more sellers and SP rises or more buyers when SP falls. That is because they have an idea trades are active and those who are trying to make a quick profit over 1 or a few days in and out or out back in get tested.
Probably a trading window for a few weeks until informal notice from NC mid December but I would not chance anything as any type of news could drop on us from here on in.

Disagree Mattyboy, it was a good week for news.
You are only focused on the SP and there are explainable reasons why it’s on a downward trajectory. MMs have several hundred million shares so there risk appetite for more is non existent. They play daily games if that’s what you e
Want to call them; generally turning round stock. There long game is to drop gradually so when the confirmatory news does drop the upward rise will look more steep.... but you can be assured not to the true value it should be ...unless it’s so good the MMs offload all their shares . Only other way true value reflected in SP would be by an offer.

Nothing but potential to sell so would rather they raise funds / Jc and then prove up to resource level then sell.

Anyone looking to buy in that range should either be in a position to reduce the average price paid on their position or first time investors or holders that is 100% confident about the outcome.
If the latter then waiting for such a small drop makes no difference and may as well buy now as it’s the equivalent of the much posted ... I wouldn’t want to be out of this right now mantra

Newcrest also have a few more JVs in the area too. A few with ENR and one ENR target is only 5km from Telfer

Formally should be the next quarter update at end of January.