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18th Sept 27p/28th Sept 20p, 9 Dec 33p/10th Dec 30p. Declines after rises not unusual for this share. Many have got used to rapid then constant rises and that's not going to happen now without regular news which will be forthcoming but all in good time. It takes time to prove up a mineral field and then start to mine. LTH's are not concerned by small share price drops only the Short term traders are. Even then a couple of weeks until NC report is hardly long term.
If your broker/bank does a Bed and Isa then its straight forward as they sell and buy at the same time...however some are not offering the service during the pandemic. With Bed and ISA you will lose some shares as there is a difference obviously between the sale price and the purchase price plus trading fees and stamp duty. I normally ask them to buy back the same number of shares and pay the extra when I am charged for the trade. My bank is currently not offering the service and say I should sell and buy back in my ISA account. This takes 2 or 3 days. You run the risk then of good news dropping and the share price going up and having to buy at a higher price. I might do that after an RNS and the price goes up. Even then it means you can buy less in your ISA as the limit is financial not the number of shares. I think II are still offering a Bed and ISA if you have the £20,000 in cash to start with.
Can't believe there are people on this board that seem to condone in 2021 getting your own political way in a major democracy, through violence. The votes that brought down Trump were checked and double checked and in the case of Georgia by a Republican adjudicator. I would suggest that the 70m supporters may well have halved after last nights scenes. it doesn't surprise me that Democrats have now won the Senate elections. I am amazed that a President of the USA has incited such violence. He has done so much damage to the reputation of the office he holds and certainly to the Republican Party. IMO time will show he was the greatest gift the Democrats could be given. Let's hope Greatlands rise to power is not as volatile!!
Yes, the tension is certainly mounting! I cannot see GGP waiting this length of time only to tell us Scally is uneconomic. I think that TMT's theories from last night are the most likely scenario. Scally is going to be a more equitable joint venture between NC and GGP and what is holding up proceedings are the negotiations. NC knows that GGP can go to an alternative major if need be and the choice might be between a more equitable JV, buyout at a fair price (difficult to see given we can place no value on the gold in the ground at present or JV with another partner. Could Callum have enticed Gervaise away to Starvest. They are an investment company I believe but I don't know much about them. Antipa Minerals is another possibility. Gervaise will be highly sought after I would think. I wonder what his pursuit of other interests means??
Hi ADZ2020... Shaun takes over on 8th Feb and Gervaise stays to support him in taking over until the 12 March. SD starts in 4 weeks time and it could be we have to wait until then for the 'Mother of all RNS's'. I think SD will want to start off with outstanding news, news to confirm what he has been brought in to do. Could it be that Gervaise has been poached by Newcrest to join their BOD's and head their Exploration side.
Thanks TMT. A compelling analysis and argument for the strategy our BOD may have adopted. It makes complete sense and if correct shows they have played a blinder in a series of deals. Thank you for taking the time to outline your thinking so clearly. My only question is why Gervaise decided to leave at such a crucial stage. He is now,if not before, a wealthy man and it maybe he'd had enough and wanted to enjoy his wealthy. Possibly I'll health, we may never know. Much has been said for the need of a more experienced man at the helm and perhaps we may be considering going it alone on Scallywag or a more equitable JV with NC and need his experience which Gervaise didn't have! Once again thanks for taking the time to offer your thinking on the possible strategy GGP has taken.
Thanks Paddy. Yes it ties him in then for at least that period of time. I'm surprised the RNS didn't state what the fund raise was for. It seems a very small amount if its for investment such as in drilling costs. Leaves too much speculation and allows negativity to creep in which is not needed with GGP.
Placing.....'not something GH would do imo, but something smaller companies tend to do.'
I thought Gervaise was still at the helm until March. It must have been passed by him at least. Its a piffling small amount in the scale of things and was already in the pipeline. Have options been announced for SD. I don't remember seeing any announced.
thelearner....we would need the power generation ability of 7 new nuclear power stations if we were all driving electric vehicles. Imagine the pull on the power stations if we were all charging our cars overnight. As it is we are often near full generating capacity without electric cars.
Have a 10 yo Glenmorangie. May have a dram at midnight. Wife is bingewatching full series of Bridgerton but sipping champagne along the way. Will both be 'nine sheets to the wind' by midnight but hey ho, such a different New Year. Wishing you a happy prosperous New Year guys.
Exvellent to hear Tyler. Similarly, my and my wife's needs are met..amply! My boys are all doing well in their chosen careers so its about the Grandchildren now. Who know what the future holds for them. A financial cushion will no doubt help in due course.
I know how you feel Paddy. I had 4 boys all at university at the same time. It was financially a very difficult time but we came through it...albeit with a lot of debt....now fully paid off both financially and the in the start the boys had in their chosen careers. Now courtesy of GGP I can support the grandchildren (5) through their education without being too over indulgent. Children need to stand on their own feet but with a little support where necessary.
RR68... Yes but i didn't really want to move banks. I would still have to sell shares to transfer to Barclays. I'm with First Direct which I have found to be an excellent bank, especially customer service apart from this one anomaly in their offering.