Member Info for JiffyBag

FAO of Hydro!

Hydro have you by any chance, done an analysis of the movement in II's investment in GGP, via details as provided on the BT between say July 21 and now?

That would be interesting don't you think?

I have attempted to do it via MS and it shows a reduction by Blackrock and that's about it.

Hi Floater,

No worries, understand now what you really meant.

"Between 1999 and 2002 the Treasury sold 401 tonnes of gold - out of its 715-tonne holding - at an average price of $275 an ounce, generating about $3.5bn during the period.

Mr Ash says the average price since the sales ended has been almost $1,000. In 2011 the price reached more than $1,900 an ounce, and on Monday stood at about $1,279 Hindsight may be a wonderful thing, but Mr Ash points out there were plenty of people warning against the move at the time - including at the Bank of England.. ."

GB, what a plonker, thank God we got rid of him!

https://www.bbc.co.uk/news/business-48177767

Hi Floater,

Re: '**IMO then there is no 'buyer' on the sidelines'

There are normally 2 sides to a trade, ie the MM's are not holding stock etc, so IMO someone is buying be it PI's glad of a cheaper SP or an institution taking advantage of the situation maybe? If no one was buying and we know that not to be the case the SP would drop even faster than it has IMO.

Mr Tosh,

I note from your posting history that you are somewhat transfixed with the idea of MM's manipulating the share price. and that you have fallen foul ,or rather you have decided to sell out thus incurring a loss on some of your previous investments. Been there done that. :O)

The bottom line here in the game of investing, yes INVESTING! and not trading, is if you truly believe in your own research on a particular share/investment, then you have to be prepared to wait for more than 5 minutes.

There are far too many folk on this BB whom think that they are going to become rich overnight because they bought a few months or two ago, it's not going to happen.

GST is on a jlong ourney and has many steps yet to make, so just sit back and be patient.

If we receive FCA approval for the takeover of Angra then that will be another milestone ticked off, infact a great milestone.

Beyond that milestone, comes the next milestone, ie, Stablecoin and regulation etc and the beginning of GST's jouney using the Coalculus model for making International payments etc.

Once we achieve the payments milestone , all will be looking good.

All again of course IMHO.

Xeverton [psted this link on the GGP board today.
https://microcapclub.com/2014/08/the-conviction-to-hold/

“Patience is power. Patience is not an absence of action; rather it is “timing”, it waits on the right time to act,
for the right principles, and in the right way.”
— Fulton J. Sheen

'As a microcap investor who invests in companies with little to no institutional ownership, I want to hold for the institutional rally. When a management continues to execute on a great story, at some point it’s going to attract institutional inflows. You will see this when an illiquid stock all of sudden gets propelled by a sustained period of above average volume. Hello Institutions!'

Great article, well worth a read :O)

Anoter one bites the ? :O)
https://www.youtube.com/watch?v=rY0WxgSXdEE

??

Just a load of paper

'The system might sound simple, but there’s a clear issue at stake. Banks holding unallocated precious metals might only expect to have to provide so much of the gold they carry, but certainly couldn’t sustain a rush of all customers wanting to withdraw their gold all at the same time. Just as with a bank run, such an occurrence would mean calamity for a bank, as they wouldn’t have the means to make good on their customers’ requirements.

The large amount of unallocated precious metals swirling inside the banking system poses a serious risk to financial health of the global economy, and Basel III intends to reclassify physical gold as a Tier One asset. However, banks would also be expected to back up the assets they claim to have with proper reserves. Paper gold would not be considered a Tier One asset, as it would not count as something tangible or physical.

When Basel III is ultimately implemented, an increasing number of banks could face an unenviable position. Much of the gold transactions banks make exist in this large paper gold universe, but Basel III could force them to either find a way of increasing shareholder equity to generate the cash required to back up their assets or do something even more drastic: exit the paper gold world entirely and opt for physical gold or some other source of reserves.'

It's still coming, just not now. IMHO

https://www.thegoldbullion.co.uk/blog/days-of-paper-gold-could-be-numbered-with-basel-iii/

Britain carves out exemption for gold clearing banks from Basel III rule

https://uk.news.yahoo.com/britain-carves-exemption-gold-clearing-174039464.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAAFI19sPYVR6C6EDEVj1fuGJbvUXiuuzRBth0odvEqsYNBIEunc_L3sI1TEG_d-xVx6tSwNPYzH2zaB_fWnfQRQ13d4noEefrmO5krlO3_KRjTCmYFMf_oTMX_KL5_tEZof9K2i-psvj-8twNDJXzwvT9yUFDhCPbFLLh64AEdaj_

https://ukfinancialservicesinsights.deloitte.com/post/102g3sy/basel-iii-delayed-to-2023-what-banks-need-to-consider-now

Watch this Evan, you might even gain some real knowledge about GGP instead ot the sort of rubbish that you are posting :O)

https://www.youtube.com/watch?v=Va0_MPZh9Sg&list=WL&index=9

Hi Novice,

Re: 'Got a very very good feeling for Monday morning here guys !!! I think I'll be writing out my resignation letter by the afternoon Lolzz'

Why is that Novice ,? Spill the Beans !

Speedy,

I think there are many factors at play right now, in no particular order I see them as:

1. Our current position on the Lassonde Curve, ie Orphan Phase I think it’s called.
https://static.seekingalpha.com/uploads/2020/10/29/41325066-16040237967684796_origin.jpg
2. Definitely some manipulation taking place although that looks as it may have subsided over the last 2 days given the lower volume of trades but the no of shares out for loan has increased on Ortex.
3. Competition with Crypto, ie BTC is most particularly popular with the younger generation, oldies like myself have not entered that arena yet, quite possibly over a fear of the shear volatility that can arise and concerns about converting back into cash, not sure if that is the case these days.
4. Reservations of only having 30% but then possibly 25 % of Havieron? 2 years to wait till production etc
5. How quickly might sentiment change? Find another Havieron and I am sure more ii’s will jump in .

6. Other than that we just have to be patient :O)

This article explains why I believe, ie volume is down circa 6.3m so far today, as compared to an average volume over 3 months of 18m /day

https://www.investopedia.com/ask/answers/042315/what-types-stocks-have-large-difference-between-bid-and-ask-prices.asp

https://www.investing.com/equities/greatland-gold-plc

Just to add to the WM 'Money is Dying ' theme,

Another contribution
Aug 2021
https://www.youtube.com/watch?v=nU-Tz4vh8uE
Banks to Seize Your Money in Coming Financial Crisis Warns David Morgan

Scary! Gold or Premium Bonds? :O)

Excellent presentation, lots of questions answered:

Shaun buying some GGP shares, the 5% FMV conudrum, reaching the top of the Ore Body, MRE2, etc, etc.

Great presentation, feeling very confident where we shall be over the next 24 months. I think as we progress towards the ore body we will see an incremental increase in the SP IMHO, then ii's will seriously start to take more interest . We all know anyway we are going mining there is no doubt about that, and cash flow will fund future explorations etc.

The icing on the cake will be another Havieron find, now that in itself should propel the SP upwards.

Just got to be patient and watch the growth in GGP as a Explorer and Developer take place.

Yes the Maggots are appearing once again, have also reported.

Hopefully gone by morning :O)

RRR, give my regards to Jones Richard :O)

https://uk.finance.yahoo.com/news/evergrande-pays-delayed-interest-least-193340749.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAAGz0_YxargxviDYFL4zFizo9mlhXsmDemcWJzsONRhYVT5cjvvQGGdeDHoj1gqsp1rjDw_piQEh97YPQsUsEEPCQC_rav5kt_rE6BojoW3zcQ1S5bzjvwLQ_wBXhX96DPDOA4O56Zr4BVJxAbX642h4NDD8EPDWNPVkaSTCZJIG7