Member Info for Jerryspaniel

Morning DBW. If thats the case, and it could well be, I think everyone should load up, cos this will be seen as a very cheap price in a few months time. I have enough.

Oh and one other thing. Solgold is in Ecuador which is being really badly affected by CV19, and GGP is probably in the best location in the world for a mining/explorer company

Older, I would say they are chalk and cheese. NM keeps blathering on about being a miner, is full of hubris and his own bs. Spends a lot of the time constantly awarding himself options. Really dont like the guy. Over promises and under delivers.
On the other hand GH knows what he is about, knows his skills and that of the board. If he ever said he wanted to be a miner or sees GGP as his long term legacy I would be off like a shot.

Dont get too attached to 'the next two weeks' quote. Dont forget they have missed every deadline recently. So I would say next two months. They have forgotten the first rule of a board, under promise and over deliver. These use the same words, just in the wrong order!

I have a million starvest which I think I will keep forever. Thought about buying more but then I realised I was getting too close to 3% and dont want that nor do I know how to notify! Dont like PRIM. So I calc that as 1.5myn GGP, and the rest is GGP in ISA and HL trading a/c. Its now about 33myn. Gives me some room for Thursday, should I need it. Not really trading the stock but trying to move some from HL to ISA as my effective blended CGT rate is a bit over 15%. Hence why the number moves a bit. My average is 2.25 as bought plenty when we kept messing around at 1.60/1.80 when poor old GH was doing his nut. But I did buy a few false breakouts when we kept putting our noses above 2p, only for SB to smash it down.
As for sleep, it was a real problem in the 5s and 6s, but its getting better. I think I can write off Wednesday night though!
I am an ex professional trader though, trading commodities and equities for a large US firm. So am used to punchy p&ls, but the difference is this is all my p&l, but the numbers are getting silly I admit.

Coach thats a brilliant post. Neatly sums up my thoughts precisely. To sell feels dirty, somehow a non believer! Fortunately for me my plan is to exit with GH or if the risk/reward gets skewed to the downside. I dont think we are anywhere near either of those, in price or time.
My largest holding was a few weeks back at 37m, now a bit less. My base position is the vast majority of this. My largest profit ever on a single investment was a pretty nice 6 figures, but this is dwarfing that. I try not to think of it as money but just a way of keeping score. Finding a mega trade has been a fun journey. Had a few near misses and a couple of disasters. Regardless of what happens next week I wont be selling, and if its a sell on news day on Thursday I may buy some more.
Strangely I have found the temptation to sell greater in the 5s and 6s than in the 8s. At this price its sort of confirming to me those who are in for the long haul have always thought. This is a serious company with some serious assets, and its just starting to be taken seriously by investors and the mining community. Its all coming together rather nicely.

Another excellent podcast. Not much interest for me on the NAm stocks but interesting that the GDX is up 65% from March lows. Precious metals mining stocks are on fire. Great macro views too. Just Craig’s accent that grates...

I will be waiting for GH to sell his shares. He knows more than any of us and has more shares and options than all but Lord Beetham.

If you are serious start with their website and Newcrest’s. Then have a look at Twitter and this site. Then ask a question. Not the other way round!

Mickey says 60p! I think 12. They will always be behind the news, this moves far too fast for a slow plodding analyst whose hands are tied these days.

Ruff ruff! Virtually EVERY junior explorer has no income. Solgold has been going more than 7 years and still no income.
If you want income go and buy the local newsagent.

Do you know what this company does?

If we ever meet I will go through option theory with you Spy. Until then all the very best.
As the options/warrants are now so far ITM that their delta is 1, its virtually irrelevant whether you sell shares or exercise the warrants and sell those, especially with int rates at zero. But if had them I will still shares rather than warrants, cos you never know.

Have I dissed you? Dont think so. Well you arent filtered so thats a good sign for starters.

the learner. You should listen to the Sprott Money Weekly Wrap. Often has things on Canadian juniors.

Spy I dont want to be on the mailing list but I quite like the idea of joining your secret club. Dont tell what its called cos it wont be a secret.

I think I would rather give my money to Barrick than to PNG.

Quite. They have both been de-risked imho.

Of course you would mushroom. But I happen to think that NC have taken the 2p and 5p balls out of the bag.

I am hoping that Jason also knows how to fly this thing. If he is serving drinks at the back, I am getting my parachute.