Member Info for JerseyCrew

Little known fact and nothing to do with GGP (apologies) - many veterans from Waterloo ended up in Jersey - Princess Anne was here the other day and attended a service at St Saviours on the island.
https://www.itv.com/news/channel/2020-10-06/st-saviours-church-breathes-fresh-life-into-the-stories-of-over-100-napoleonic-war-veterans
https://www.bbc.co.uk/news/world-europe-jersey-57602927
Sorry for being off topic but sharing a little local flavour from my Island given the mention of Waterloo.
ATB

and another one at 4.41 - after hours settlements? Google now showing 4.25

Interesting to get one at 4.35....

Good challenge David. I suspect with so many unknown potential variables they are adopting a middle of the road stance on this one at the present time. Suspect that will be adjusted with the benefit of the detailed plan and costings to get us production if they share that level of detail with us.
ATB

But I like this better:

Using a flat gold price of US$1,775 per ounce, we have determined a Net Present Value using a 12% discount rate of US$302.56 million. To be more conservative to allow for project execution risk, we have discounted this NPV by 50% resulting in a figure of US$151.28 million. This equates to 23.28p per share based on the number of shares in issue (467,482,119). Based on the number of shares on a fully diluted basis (650,901,578 – where we have included all of SAU’s 200 million shares) we get a figure of 16.72p which have adopted as our new target price. With the shares currently trading at 3.90p, we are happy to reconfirm our Conviction Buy stance.
ATB

I like this bit in particular: Quote from SAU

The BMV shareholding will be a very valuable equity interest and I expect it to significantly increase in value as BMV advances the Kochang and Gubong projects towards their stated near-term objective of gold and silver production. as a new and significant shareholder of BMV, our current intent is not to sell small parcels of shares in the market, which would be detrimental to the share price, but to allow the company to grow and advance into its next stage of development.”

every day a learning day - they must have been balancing the books although I thought that was when they had price monitoring in place - purchase price just lept to 4.47 from 4.3 and now they are accepting larger orders

Can not buy £10K without it going to NT but they will quote £20K to buy from you. Says it all.

and nice to see we are still at the top of the riser board today.
As an aside good to see 46 posts here today - that used to be a months worth!

Very tight - in reality 4.2 to sell and 4.27 to buy.

I had expected more water in the tunnel - I know little to nothing about mining however - it would be good to get an expert view on the tunnel condition as seen in the video.

Great find brainspark - I hadn't seen this. Love the rock with 69.2 g per tonne in it!

As investors we should all follow SD's example in terms of timescales, context and perspective - I would personally go further and extend that to minimum 18 months - both backward view and forward potential. A shorter time frame should really be considered trading rather than investing in my view.
ATB

2x £100K purchases - that is more like it!

Still on top for the day so far - just!
Come on you new potential investors - do some research here!
ATB

Amen brother Boldicus!

Proactive Investor interview!

Google showing us at 24% up currently - this will translate soon onto LSE and the leader board - news will spread about the potential here. About time. What would be even better now is if we had a Practice Investor interview.
ATB

Great news. I have to admit that I was starting to lose hope but so pleased they have made the deal. Now let's get this party started!
ATB

...of Matt Han**** renewing his wedding vows before we get news here?