Member Info for JerseyCrew

Today's actions will only been seen in context in the future - when the drill results are fully known - whilst a drop in the SP now is not welcome, raising finance on AIM is like you and I breathing - it is why the market was created. If you don't like those facts then AIM is not for you. I suggest everyone considers whether this is an opportunity to buy more or hold your nerve and wait.
ATB

Given the comparatively low number of posts compared to other shares on this site it would appear that either we are still under the radar of many PI's or just maybe they are intimidated by the price without understanding the potential % gains that can be made here. That might be a very superficial comment but i suspect it does apply in some cases.
ATB

why would another one be due at that burn rate?

I put a very small number of people on my filtered list a few months ago because after several days of reading posts that had not one shred of factual evidence to back up what they were saying I came to the conclusion that they were adding nothing to my understanding and using up time that I could spend doing something else. There have been some very informative posts recently, many of which are backed up by links to independent sites giving industry and market information - really usefully stuff - thanks to all.
I can't help but notice that there are an increasing number of posts that have been filtered today - I have no idea of their content and nor do I wish to know....I just applaud this site for providing me with the ability to use my time effectively.
Good luck to all LTH's over the coming weeks and months and chose an exit price wisely and or to suit your monetary needs. I am committed at least in part of my stake here for the next 10 years....I wonder (if GGP has not been brought out by then) what the price will be!
ATB

On June 20th the so was 0.71 according to London Stock Exchange. As I type this the SP has risen by 140%. From my point of view that is fantastic. Anyone who has just brought at a higher price than today either in Jan or last few days should not worry ....... the risk reward odds are stacked in your / our favour.
ATB

Stop losses.....I hate predictive text!!!!!

If you are a genuine LTH here be careful of still losses. Consider why you invested here and the news to come. I suspect the first whiff of an RNS in the pipeline and the MMs will drop the price to obtain as many as possible.
ATB

Goggles...you made me laugh out loud!
ATB

Thanks for sharing Applegarth - I found this interview to be even more revealing about GH and CB than their video appearances - these guys are grafting and watching every penny. They certainly come over as embracing every aspect of every project and importantly as a partnership they have the technical expertise within CB and the business savy of GH to make an effective, efficient force to be reckoned with. I particularly like their attitude to the relationships within the business - as it is often said, it's not what you know it's who you know and I get the impression they know all the key players in the Australian mining community that matters to get the job done. One last observation - there is no hint of any malice towards Newmont - in fact the reverse - they are spoken about in glowing terms. I have no doubt the door is still well and truly open to Newmont at any time in the future.
ATB

Foresterguy in my opinion Newmont will certainly be watching but I doubt there are any first option agreements. We will never know the i eternal politics within Newmont but I would imagine e it came down to Senior VPs competing for main board spend and the relatively new boy Alex lost. I would like to think however that he (Alex Bates) will be back making a stronger case to the main board with the results that we are starting to see.

against my list of reasons to hold this share since yesterday. Nope...nothing has changed this morning except we are a day closer to receiving news. All is well.
GLA

Agree Ironic and it will be interesting to see if we get more than one result in an RNS. If just one it should give us a good idea of when the third is due.
ATB

Hi Applegarth - you hit the nail on the head in my view with the NDA agreement - these are common particularly in R&D projects and where 2 parties are working together towards a common goal and neither party is able to disclose anything outside of those 2 parties - that is why neither Newmont or GGP were able to disclose - I suspect driven by Nemwonts desire to keep the details of it's technology out of prying eyes. I would expect it to contain prohibitive clauses preventing Newmont from trading in GGP shares as well otherwise they would have had a market advantage and of course this would have contravened the regs. I am not a lawyer - just my view.

ATB

I really don't believe that GH would risk contravening Part 1 (section 11) of the LSE AIM rules for companies - if they have market sensitive information the BoD must release it to the market - the potential sanctions by the exchange would not be worth the risk which include being removed from AIM ... and can you imagine the reaction from the majors if they found out the BoD were contravening stock markets regs - bang would go any deal. Do not underestimate the power of corporate compliance in todays world.... it is all pervasive!
ATB

I almost feel a little weary today - the kind of weary you feel after a long walk in the country - a type of weary that you can bask in and reflect on the day and the scenery or in my case today, the continued excitement of watching GGP's SP return back towards a far more sensible price - with lots of room to move forward over coming week, months and years.
GGP and it's journey has captured my attention (and money) since late last year and it has been a combination of several factors that have maintained my belief.
1. the commodity - gold is the commodity of the millenium (certainly the last couple and probably this one as well) - it holds it's value in good times and bad - a go to commodity when the world is going mad
2. the jurisdiction - pro mining as it underpins much of their economy
3. the BoD - I personally think GH and CB are top draw and make a great team and their frugality in terms of corporate infrastructure whilst moving these projects forward is a great testament to 2 chaps working flat out as far as I can tell. They do their homework and then overlay old drill results with modern understand and technology to great effect.
4. the location - infrastructure, know how and machinery close to hand
5. back to GH and CB - they are working the media well - it's one thing to be a technical guy as CB obviously is but GH has charisma I believe in front of the cameras and is believable - some might think I am naive in making that statement but I have made a decent living for over 35 years from reading people.
6. the diversification of the projects and underlying potential is truly staggering - I think it is going to take years to truly reap all the rewards and who is to say that GGP have stopped acquiring yet? I would not bet against another project in the next 12 months for their portfolio
7. well funded company - there have been lots of speculation about funding - the BoD have been clear it is not required. BUT if there was a compelling business case to fast track or acquire I would have no personal issues in a profit driven placing - it would only add to the intrinsic worth and be reflected in time in the SP which should more than offset any dilution. Investors in AIM should never be afraid of a placing if the capital generated is used for the right reason.
8. this share is exciting - it will attract investors attention and the current business cycle is the most exciting as news is released in quick succession on drilling results - it's like a drug and people want a daily fix at the moment. This is also a downside of course as it will create more volatility as the weeks move on and people jump in and out trying to catch the waves.
9. I am holding for the long term for a good chunk of my investment - part of my retirement plan in 10 years (long term for me).
That is enough of my ramblings on a Wednesday evening - much if not all has already been said by better posters than I - ATB

Check my calculation for value of a 1m oz deal (3p per share) then look at our prospects..... Add a timeframe and then form your own target price.
Regarding the excellent feedback from last night's meeting and comments regarding Newmont This certainly plays to my thinking that their decision was close to walk away. I still think that the GGP bod would be happy to deal with them and Alex Bates in AUS and take advantage again of their technology.
ATB

Releave not release

If you use them which I do not... Think very carefully. We are entering the phase when MM's play dirty. They will try and release you of your shares by any means!!!
ATB

For giggles I thought i would try and work out what the value would be for a 1M oz deal with a major.
My calc is based on 10% (a rough guide) of the cost of an oz but this might be low given our grades:
(1m x $127) / 3Billion (shares in issue), covered into sterling at a rate of £1 to $1.32
Rounded down I make it 3p a share
I know I am jumping the gun but anyone have any different calculation?

https://softrock.com.au/portfolio-posts/telfer-mine/

That was what I suggested could happen on my post last night given the Teller set up as attached.

ATB