Member Info for JerseyCrew

Ronald - what makes you think that they are struggling to raise the money and not just getting the best deal for shareholders by trying to negotiate something like a royalty deal which means of course no up front money or associated finance cost? Could it just be that the BoD are playing a blinder and negotiating a great deal? Until we get an update RNS we simply do not know. The BoD have skin in the game here remember. Suggest that time is going to tell.

Then hopefully we can put this debate to bed.

Reach? My accent isn't that strong..... Rich.

We would all be reach with the benefit of hindsight Moneymaker - still feel we are all going to be sitting pretty from these levels. Now - come BoD - please!

It needs to drop a little further for my to average down but I am certainly thinking of adding more if it goes sub 3p. To my mind we have 2 companies that need to make a deal to move forward and generate money however you look at it. It is not in either companies interest not to do a deal and both sides will need to compromise. Remind you of any other scenario recently that looked doomed but a deal was done at the 11th hour? Why? Because everyone knew it made sense to do something rather than do nothing. Same applies here. Just need to finalise numbers and terms and let's move forward please.
ATB folks

Have we reached the bottom yet as we wait on news? Trades seem to be drying up so we appear to be at equilibrium or close to it based on known facts. Oooops did I say that out loud!? Hope the MM's didn't hear!

The current SP movement is interesting but inconsequential to any investor here taking a medium term view - 2 to 3 years so not really even medium term which would normally be considered 5 to 10 years but short term these days is often seen in terms of weeks - that goes to society today and the have it all / have it now mentality.
Interesting interview with our new CEO which underlines the potential here and the three prong approach. To my mind we are as de-risked as we can be with Hav and now it is simply a waiting games as NC and GGP go into overdrive to create a working mine. In terms of the Juri JV and our 100% owned assets (SW in particular) then time will tell if and when these will add value but my hopes and expectations should be fulfilled by Hav alone. Anything else would be a spectacular bonus to my way of thinking and would take a number of years (true medium term I think) to move towards monetisation unless of course a major came along and purchased the licence.
Any holder here needs to seriously look at their strategy - as has been said many times before and if you are truly in this particular game for the next 3 years plus, then the current volatility should only create mild interest rather then angst.
One final point - the next results from SW should add to the geos understanding - and hopefully help define where next to drill - it would be amazing if they hit large grades but it is also unlikely - exploration is a journey and Hav was the exception to the rule in their drill results.
Nothing startling or new in my comments I know - but I feel it is time for cool heads and patience - the rewards down the road are worth it.
Stay safe and warm folks - never thought I would enjoy wearing a mask but it is helping to keep the chill factor off my chin outside!

As long as a deal happens in the end, suggest everyone starts to ignore the SP unless they want to top up - it will just play with your head and create angst and there is enough of that in the world. Having said all of that, come on BOD - pull your fingers out! :-)

Could be wrong but the timing and start date of our new CEO is unlikely to be coincidental. When you take the helm of a new business you will want to ensure all paperwork is in order and uptodate. Any undue delay in getting this sorted would be seen as the responsibility of the new CEO. This chap knows his stuff and will want everything in order imo.
ATB

https://m.youtube.com/watch?v=IXvz2_-4dM4&feature=youtu.be
Worth listening to. When a deal is announced we fit the profile being discussed imo.
ATB

I recommend anyone interested in gold investments to watch the whole of this video. Points to why companies such as BMV are going to become increasingly attractive and maybe in the not too distant future.
https://www.youtube.com/watch?v=qeY1n67LUOg
ATB

Great interview - thanks Aurora - highly recommended to all investors. It mentions GGP towards the end but hang in for the whole interview as it explains just why gold is likely to become more important (valuable) in world finance. Great also to see him recommending battery metals such as copper which of course we have alongside the gold.
Keep warm and safe this week folks.
ATB

Moneymaker & User2007 - very well articulated observations and comments - thanks

Full understand your decision based on the lack of communication from the BoD. My average is a little lower and therefore have the luxury (at the moment) of being able to bide my time in the expectation that this will come good. I echo your sentiment however that if anyone in the company is taking an interest in shareholder opinion, then the communication to date has been extremely poor. Time to do things differently please if anyone is reading!

I hope the next update is a done deal and completion should not take long for the lawyers to draw up the papers - that is my hope anyway and fingers crossed all by the end of this month. Hope springs eternal!
ATB

I see the bounce back is happening at pace at the moment. Interesting to watch these SP movements having just listened to the excellent Rick Rule interview - be prepared for volatility he says - too true and what is happening and has happened over the last week or so, will continue to happen on the journey in the future - always worth remembering as it will help you deal with the movements from a psychological perspective, another point he mentioned in his interview. Interesting stuff and real time investment lessons for those that want to learn.
ATB folks.

An outstanding vote of confidence in the future of GGP and the incoming CEO.
Well done Mr Heddle - perfectly timed.
ATB

Brainspark - just a thought - if SAU are cash backed then a royalty deal might appeal - an income stream in future years that can appease their shareholders. Just a thought.

Maybe SAU just need the time to call an out of cycle board meeting to discuss whatever counter offer BMV have offered - one would have thought in these days of remote working that it should not take that long to arrange - we might then get into the realms of counter offers if the initial (most recent) offer is not to their liking and they are trying to squeeze the last penny out of BMV. I am hoping that we get an update next week one way or another but given recent experience of lack of communication from the BoD I might be being optimistic. Whatever happens I am not going anywhere - I have patience thank goodness.
ATB

Not trying to teach anyone to suck eggs here but 3 observations from me this morning:
1. The latest results from Haverion as we all know have been spectacular and I have to say have even surpassed my wildest dreams given the reference to new prospects within the JV zone and the amazing amount of drilling planned for the next 2 quarters - Newcrest commitment can not be questioned here - hats off to them.
2. If you are a trader and worried about the SP fluctuations at the moment, then you need to rethink your strategy and maybe trading is not for you - traders thrive on volatility and clearly we are going through that phase - you should be happy if that is your game (not mine - I am rubbish at it).
3. If you are an investor and have done your homework, you know that the project needs time to continue to reveal what Haverion contains but in mining terms, timings and pace are on steroids here. The current fluctuations should not anything create any angst. Maybe you have funds for a top up and then you should be happy, given you are being given a great opportunity at the moment. If you haven't I refer you to my first point and you should be happy in any event.
So in summary, unless you have committed the cardinal investment sin of backing yourself into a corner and investing money that you need to live on in the short term, you should be happy. If you are not happy because the paper value is going down then you need to stop looking for a while and focus on something that will make you happy.
Enough of my ramblings - enjoy your weekend when it arrives folks - and be happy! Cue Ken Dodd for people of a similar age to me.
ATB