Member Info for Jerryspaniel

With Quady we have our very own Dave channel….:-)

Quady, when was the last time someone bid 8 times the current share price for a company?

He seems to fully understand what bhp and NC want and don’t want but oblivious to the needs of the PIs, and that’s who he was talking to today. A very odd presentation and someone who started to look and sound his age. Quite naive too in some of his answers. His comments on porvenir were bizarre.
I was massively impressed by his previous presentation but this was a disappointment for me.

Lots of mistakes in km presentation. Not on the ball like last time. Hopefully q&a will be better.

The MRE is at least 9 months out of date. So if you think that NC have added absolutely no value in the last 9 months and that all the drilling results since then have proved nothing, then he is right. But I dont think even Zoros thinks that.
Plus estimates are just that. Bit like his calendar, its just an estimate, or best guess.

Morning BnC. You are mainly correct. I had no opinion of the man until I met him. After that I had a strong opinion. Is there anyone on this board who has met the bloke and liked him? I would hope so.
Maybe I just caught him on a bad day.

Sire-F. I have often thought since the meeting that he is a bit of a toad…

Afternoon DBW. About 3.5 years ago NM told me he could see the sp at £20. He didn’t say it was imminent but he must have brilliant eyesight!

If anyone wants a fantastic overview of the world of gold and silver, Ned Naylor Leyland's latest webinar is a must see/listen.
Covers just about everything you might want to learn about the current market.
You will probably need to login in via Jupiter but absolutely worth it.
Full disclosure - I am an investor!

Mushy I think you are being stalked. More than a little weird methinks.

TT, I think it’s either his iq or the number of shares he owns…..

Grim, thats very funny. Made my day.

Morning RK. I wonder what Solgold would be trading at if all it’s assets were in WA? Ten times? Twenty times? Probably be taken over…

Good morning, Sammy. Sorry about the late reply but just catching up.
Firstly I wasnt accusing you re Bamps, so sorry if it came across that way. It was a response to others.
I think you are making a mistake of trying to explain the SP move by linking it to other events that have happened at the same time.
Canaccords report is the best one yet. At 32 pages it should be! SD is managing the company not the sp. GH was doing the same in 2019. His comments in those days had no effect on the sp. Just because the sp went up in 2020 doesnt therefore mean that his comments did have an effect. Its impossible to be 100% sure what moves a sp, but I wouldnt look for one reason as there are just too many moving parts.
If SD does a good job over the medium and long term, the sp will look after itself. He should be judged over months and years not days and weeks.
For those who have to look at the sp every couple of mins or hours that should tell you that you own too many shares! That probably includes me, but at least I know it.

Morning CD. I really dont want to clog up this board about another company but since you asked I will reply and then anything else on GGP, please direct to that board.
GGP were clearly overextended at 38p, to the extent that I sold over 10m shares above 30p. It had assumed success in other 100% owned prospects. It had also had massive GDXJ buying which helped push it higher and many new investors were late to the party, as is often the case. The lower gold price and only the 'technical' success of the 100% owned prospect took the wind out of its sails and then the exiting CEOs selling added to that. It now has lost all its momentum.
Having said that, NCs drilling reports have given 16 out of 16 hugely successful results with mineralisation deeper and richer and expanded the known area to the north, south and east. One prominent poster has done the volumetrics (his skill set) and come up with potential/probable of many tens of millions of ozs of Au and about 3m tons of Cu, plus Co. This will probably turn out to be the largest deposit in Australian recent history and some more exciteable people think it could rival Kalgoorlie. The 4.2m Au eq MRE is completely irrelevant, its way way bigger than that. And its still open in most directions barring westerly if my memory serves me. The paterson district, where Havieron lies is now the hottest area in WA (as Sandeep Biswas recently said). Goliath another prospect, is 20 times the size of Havieron, with drilling results due.
Add to all that the other areas it owns. Newmont walked from Ernest Giles a few years ago saying 'not now' when metal prices were much much lower. There are a few million ozs in Tassie.
This is all in the great Tier 1 Australia, where assets trade at 2.5 times NAV according to Jonathan Guy, and a recent transaction was done at US$852 an oz.
Thats why I like GGP.
No point in going over Solgolds merits. We know those as thats why we are here.
Which has more upside? Dont know but I have a large bet on GGP and a relatively smaller (2.5m) bet on Solgold. Thats because one is under promising and over delivering and under NM (IMO) Solgold did the opposite. It takes a lot to regain investor trust. Keith Marshall is doing that slowly and I hope that his successor will keep it up.
The potential for Solgold is enormous, but so is GGP.
I also follow Chalice and de Grey in Australia, two other great success stories. Missed both!
I dont know whether thats answers your question CD, but I hope we can keep GGP to that board where the posters tend to know what they have got.

Sammy, that’s pretty ignorant imo.
Do you really think a ceo ‘oversees’ a sp?
Also ggp don’t manage havieron. NC does. So unless you know the jv contract and what ggp are allowed to say, that is nonsense too.
And a company doesn’t appoint a broker to ramp the sp in the first few weeks as it’s overriding requirement, as you seem to suggest.
But your post is no worse than most of the rubbish written today.
As for the attack on my good friend Bamps, well words fail me.

Bozi, you might be able to read from a website but you don’t KNOW anything about ggp. Stick to solgold which is what this board is supposed to be about.

Bozi, veins? No veins mate not even sodding great arteries. You shouldn’t generalise when you are just guessing.
Different companies, different deposits, different valuations, different jurisdictions and different development.
Completely incomparable, except the sp….

Depends how you define grown TCJG.

But here is something genuinely interesting. ST on KE bigging up WA M&A.