Member Info for Jerryspaniel

Mercedes, you are getting confused with the numbers. The $100 that Numis used was the VALUE that they attributed to each oz of Au in the ground. There was no mention of the PROFIT as far as I am aware. Obviously the profit will rise with the price of gold, almost 1 for 1, but the value in the ground, although it will have a relationship with the price of gold, it doesnt react instantly, and for small movement wont react at all.
The price in the ground will be determined by things we dont know, mainly the cost of getting it to Telfer.
Hope that clarifies.

Schlemiel, is there a Russian on the sell side?

Thing I dont like about PRIM, and to an extent at SVE too, is the SG&A vs mkt cap. Its way out of proportion.

VC, in theory it should always maintain a loose link. There will be times when it lags, and maybe times when it catches up too much. I really ought to do some research about what else they hold, but I expect its deminimus.

Can I pay in that new currency GGPs?

Looks lovely. Is it for sale?

Paddy and Strudel, I think the cloud has been intentionally placed there to cover Had040....................;-)

Storey what sort of risk do you think the ‘other investments’ are when you are getting them at a negative price? Sve should trade at 1.54 X GGP to make all the other investments valueless, but it doesn’t.
However liquidity is awful and the spread is wide, so you pays your money and makes your choice as they say. I have some sve but about 2% of my ggp so it’s hardly material.
One other thing to be aware: ggp will move sve but sve won’t move ggp, which sounds obvious but not sure it is to some.

Schlemiel I think she is the sister, but is she the big sister, little sister or like Hannah, does she have a lot of sisters.......?

Red, I would echo what others are saying about advice. But I think a phone call to HL would sort it all out. After all they would love to have a new account with £20k in it.

If you have a trading account with HL they will open an isa account for you and then you can transfer the value ( based on a closing price I would think) over without trading. As someone said bed and isa, should be instant. If you want to transfer from another broker you risk losing control of the shares for a period of time.
A phone call to HL should make everything clear.

Do you have an isa anywhere and does it have a large cash balance?

That’s the min size they ought to quote, but there are many occasions when I have been able to buy more than a million at a time.
But sometimes the mms run away from the nms as well, so nothing certain. Also depends on whether the mkt is going up or down and what games the mms are playing.

I was lucky on two fronts. I retired at 47, and I bought most of my shares below 1.90.
But the key from here is what information is ‘in the bank’ and what information is expectation, hope but not confirmed, and what price is based on the former and what on the latter.
I am happy that the in the bank info has a value greater than the current mkt price, so all the hope stuff is for free.
All imho, naturellement!

Strange question. Depends how many you are buying. 220 million traded on Friday!!

I would doubt that ggp will be around in 15 yrs and there must be some doubt about 15 months!
Jim I am a youngster at 63 so I am hoping for 2 years to make it and 15 years to spend it!!!

If I was NC I would want to see what ggp get out of their drilling campaign before trying to do a deal on the individual assets. But I might want to cement the relationship with ggp by taking a say 20% stake at an appropriate time. Probably after mre. Whether that’s done by buying new shares for cash or tendering for existing shares probably would depend on ggps need for cash.
Just my musings.

Hi prospector. I don’t think efficient mkt theory works in under researched smallcap stocks. It’s better in the large caps where there are fewer surprises and much greater liquidity. That’s what makes smallcaps popular and more risky.

We got a busy week next week, cookie!

Too late Jim, I have just pi55ed on your shoes...