JungleBabbler........if you believe that companies on AIM do not hold back news or release it strategically (when it suits them) you will believe anything. This is the AIM market with lots of tiny companies and some creating lifestyle directorships for 2 or 3 Directors with no chance of ever making a profit. (Fortunately GGP is not in that bracket and that why many of us believe this is such a good investment) As for the FCA or as you say, whatever they are called today, if they were really on the ball why haven't they stopped shorting (achieves nothing for the company, only the trader) or delayed notification of large trades or accurate data on buys and sells (so simple from an IT perspective). Why do they not insist Directors have a percentage holding in their own company? Some have no skin in the game at all apart from options. (Effectively freebies). The list of questions goes on!!
Daveri007.....you have obviously got wound up about the issue that concerns you and I understand your frustration. However, don't underestimate the LTH's by calling them insignificant. Its quite insulting! Some own millions of GGP shares and could affect the shareprice if they so choose!
Naphthalene...I take your point. Unfortunately after many years of investing in the AIM market I've come to the conclusion that ethics and morals as to what is right and correct behaviour towards others is sadly missing on many of these boards. I would like to think that most on this board are not in that category.
Daveri....I can't see your problem with people selling shares. I'm a LTH and fortunately don't have to sell but some have to especially in the current financial climate. Thats what the market is about buying and selling shares. We will all sell at some point unless you have invested for future dividends. There are so many good guys/gals on this board who have provided so much information way and beyond that provided on other boards. Having said that, do you make your investing decisions on the information from unknown members on this board or from fundamentals provided by the company who have to provide accurate and true information.
Could NC be buying on the open market at 22p ready for a buyout of Haveiron or indeed GGP at a higher price. Makes financial sense in that it reduces T/O cost If they set a high number of shares to be purchased say 1b then no disclosure needed until they are purchased. GGP to become part of exploration arm of NC. Something is causing this to be held in a narrow range!!
$2bn ?? So twice as big as Greatland Golds Tier one asset at Haveiron in Australia plus numerous other assets in an equally safe, conducive environment which already has a major JV with a major producer and the processing mill nearby. Really?? I'm not downplaying this share as I have been buying since January in 1m chunks but I find $2b a bit far fetched. $500m I can understand and hope for which is 10 X from where we are now. It will do well to achieve that!
Buy : Sell ratio is 14: 2 . Placing shares must be gone soon and then this should start to move up. Regarding the M & A discussions would Rambler be big enough for Barrick to be interested.
Its impossible to work out the averages at this stage. We don't even know the extent of the asset yet. Open at depth and on three sides. 4.2 moz Eq initial estimate already declared by one of the largest gold mining companies.
RE: Copper well over 4$ yet RMM still at 0.35p23 Feb 2021 08:11
Gavster-NBC. If the company had not taken the action it did all value would certainly have been destroyed, in fact the company would no longer exist. For long term holders this has not been a good experience agree and very similar to many other AIM companies situations. At least the company is now on a sound financial footing with real potential to turn its fortunes around. Anyone buying in now will at least double their money. Compare that with the banks 0.25% interest PA,
Do not understand why total trade Volume is showing at 883,096,844 and yet volume bought is 209,617,960 and sells at 22,724,562. Why the difference or have I misread it? Over half a billion shares missing off the book!!
RE: Electric cars and nuclear power18 Feb 2021 08:00
Power specialists say we need the equivalent of 7 new nuclear power stations to power normal need plus every car being electric. That's not going to happen over night obviously but can we provide that sort of power from eco green power generation. Wind farms are a blot on the landscape in my opinion and it won't be long before the NIMBY's start objecting. Wave power? hydrogen? Geo thermal? Can they generate such power. Just asking the question as I don't know. They are all going to need copper, some more than others so investment in copper producing companies has got to be good for 10 years or more I would think.
I'm intrigued by this company. They have a MC of only £26m and yet since November they have raised $13.25m from an equity raise, $10.5m from an over subscribed placing and the Nugget Pond Plant is about to be sold for $2m. The price of copper is steadily increasing and shows no sign of dropping. In fact it is expected to continue rising throughout this year. So $25.75m in the bank and yet only £26m MC. Totally undervalued in my opinion.
If there is an offer below fair value don't forget there are other companies who might be prepared to offer more. Don't think NC would want the likes of Rio having 30%. Its not in NC's interest to offer less than fair value and that won't be determined until they confirm the size of the asset. That's not going to happen this year. What about the other JV'S and the potential of GGP's other assets?