Member Info for Jerryspaniel

Rich, it depends really. Some shares are better to trade, others to hold. I had Solgold for 8 years and if I hadn’t traded it I would have lost money. With ggp, I have had a core position for also 8 years, but traded around the non core. With Jupiter Gold and Silver, never traded at all.

I like to sell rallies, as it allows me to buy dips.

In my business life, I worked for one of the largest trading companies in the world, so I suppose that makes me a trader, more than an investor.

With OMI, I am trading it to try and get my average price down! Plus the political risk will never mean this is a core holding. Solgold put me off Latam.

652/22 seem to be the closing prices today. I will watch with interest. Wonder whether I will be holding either share by Christmas Eve?🤔

News is due in March, so a 1 in 17 chance.

No they haven’t, despite me suggesting it in November. In Shaun’s defence he said diesel is only 15% of their costs. Nat gas much higher but priced annually.

So I bought some oil to hedge my Ggp holding…

IMO, this share trade has absolutely nothing to do with index rebalancing, GDX or ASX changes which will happen at the end of the month. There is just far too much time between these events for the early buying to go horribly wrong, as it has done here. If this had happened the trader would be about 50p offside now and would/should be fired for reckless trading. To legally front run index changes one needs to know what is happening, when and by how much. None of this is known yet.

The way to make the most amount of money is down to timing. The lowest risk and highest reward is to time the trading to the last possible moment, taking into account the volume required. So I would expect most of the volume to happen in the last week, and most of that to happen on the last day. It’s simple risk/reward.

I am no geologist and no mining engineer, but I think I understand index rebalancing better than most/all, having done it for a living some years ago. As I say IMO.

Break, that’s your prerogative. Imo there is only one sensible discussion on here, and that is the respectful dialogue between E1 and OM. For the newer investors it’s great to read and is a breath of fresh air compared to the rest of the dross.

Of course you may just prefer the constant hero worship of the company and its management, which doesn’t help explain why the sp has halved.

My inclination is to filter everyone bar these two!

Ggp can move off AIM, though Shaun did say that he didn’t want to put Rowan through that so close to completing the ASX listing. So a year later, Rowan has probably had a holiday….

Mind you it will be a pain to have to pay stamp.

MK, you do know that Ggp is already in the Asx200?

Hi TmT, I was just about to write something very similar. You are as usual completely correct. The Asx100 inclusion will probably be irrelevant. Ggp may be coming out of a few small cap indices and there may be a few Asx100 tracking funds to buy Ggp, but as Shaun said it’s unclear and not much either way.

What I do think is possible is that the cache of being in the Asx100 may force some index huggers like the Supers to up their weightings in Ggp, where they definitely have been underweight, to more like a mkt weighting. That will have an impact but it won’t be on a Friday close at the end of this month. It will take time.

From an index pov, it’s all about the GDX and possibly Sprott.

Picked up some more this morning. It will never be as big as I got in Solgold but it’s an interesting situation at these prices with plenty more to come in the PM space I think.

Soz, but I did buy Ggp, silver and copper yesterday. Bought oil last week…..😉

I only got to £42, but I was conservative using 2500/1.40 and 15 p/e.

It’s a risk off day for the markets. The brave will see it as a risk on day.

Just free speech LW.

I have bought this dip and I have a bit more to buy should the price fall further. I like the R/R at 21p.

Great to hear from you Coach. It’s been quite a journey. Very pleased to see that you have been along for the ride as well.

Best wishes to Redirons for a complete recovery.

Punter, I am new to OMI. But thanks for the tip. Filtered.

Morning Z. Last time I contacted Callum he had about 84m in old money. He showed no interest in selling any of them.

Anna had 30m. ;-). She sold some but still has plenty.

Thanks for that OM. I hear what you say about some other posters you like. Sadly some of those have got into the name calling and snide comments. I will reserve judgement on them for a while. I find that it is possible to learn from reasoned debate when both sides produce evidence to support their arguments.

I know Element well but I don’t always agree with him. As with most people, some facts are just opinions and then it becomes necessary to work out which is which. But he is very knowledgeable and he does have a degree in geology from Durham.

These discussion boards are also handy to weed out the nonsense so MaxV, Mrdigit and Nappy have yet to say anything of interest so I have filtered them to save a lot of time.

My knowledge is from the commodity and financial markets. I was a metal trader for many years and then an equity trader for one of the world’s largest trading companies. So I know that side of the market. But I don’t know geology, nor mine development, so if you see me post on those topics, it’s just an opinion. I take big bets when I am confident. With OMI I am just not confident enough yet, so the bets are smallish - under a million shares. I also need to be v comfortable with the management, something I fell foul of with Solgold. Brads recent interview with Donald was ok, but didn’t inspire me too much. Will need to see a lot more from him I think.

Many thanks for your continued interaction. I am learning, but slowly.

Excellent post OM. You are by some way the best poster on this chat. Sadly a very low bar atm. I have followed you in filtering the abusers so it should speed up the reading.