If you would like to ask our webinar guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
This is one time that I am glad I dont really understand all of the calculations that some posters are having such big arguments about. All I understand is there is a shed load of gold, copper and potentially other metals in the ground that we own a percentage of and a hole being dug down to bring it out and also a really cheap processing plant nearby to process it. I also understand we have a partner who is spending big to get at the resource and who is going to pay us an eye watering amount of money for 5% of our share which will help with our costs/debt that we have in the short term.
I also understand there may be further upside from other licenses we hold and the potential to link up with our existing partner again with a cheap processing plant available if we find a resource realistic to mine in the future. Finally I understand that the world price of what we will be processing is good and getting better.
For me that's enough I think especially at the price I started buying in at a couple of years ago. Sometimes it pays to go back to basics.
I listened to the presentation with interest and was a little disappointed with SD's response to the question regarding the current share price. OK he said that he was a share holder as well, but he didn't fill me with confidence that he was focused in trying to move the share price upwards or was concerned regarding the current value.
What do others think?
Matty
Actually no i'm not but cant do anything about it as its included in the T's&Cs. Am learning as I go on and maybe T212 isn't the place to be, but until I'm ready to sell there isn't a lot I can do about it. We all have to start somewhere and learn through getting it wrong.
Would I have started with T212 if I had knew what I was doing....No way but it is what it is.
Matty
Actually no i'm not but cant do anything about it as its included in the T's&Cs. Am learning as I go on and maybe T212 isn't the place to be, but until I'm ready to sell there isn't a lot I can do about it. We all have to start somewhere and learn through getting it wrong.
Would I have started with T212 if I had knew what I was doing....No way but it is what it is.
Chelt,
I've just read on Simply Wall Street dated November last year that the top five shareholders are Institutions and that they own 53% of Greatland and that individual investors only own 19%.
Is this incorrect? Not trying to argue I just remembered reading the report a while ago, would be interesting to know what the real percentages are.
Hi Canary,
I really hope you are right and I am wrong and although I will not name them I work for a massive international company and I see the short term ism all to often. Its all about the next set of results and how the market will react to them and off course hitting the gateway for bonus payments.
I just think if SD can do a good deal on JV's and he believes there is enough gold (and other deposits) in the ground to make it worthwhile and also get a massive one off payment if the numbers are right, there is the potential he would go for it. Time will tell.
So I see this as a potential sale. Most MD's or CEO's or the guy at the top, whatever title they use, do not usually take a job for life with any company. They buy into a three to five year at the outside project, do what they have to do raise the profile, revenue and profits if they can, and then move onto the next hopefully bigger job with the bonuses and share issues they have agreed if they have achieved whatever it was contractually agreed on taking the job.
Greatland is an explorer at present not a miner, so imagine SD's bonus if he pulled in the sale of Hav AND did a deal under JV arrangements for Greatland's other licenses. A stream of income and financial security on some of the other potential winners plus a massive amount of cash NOW rather than a stream of income over the next twenty or so years.
Seems a win/win to me for SD to do the deal now if the numbers are right.
Bhargav
That's sort of where I was coming from but with far less background knowledge than you. Why would anyone buy OMI shares or push the company forward when they are in the background? Basically I see the value dipping and dipping, I cannot see what the spark will be to make people sit up, notice the company and think OH i'd better get in here?.
Break,
I understand that to a certain level but the only action that seems to have happened is a constantly dipping SP, so as a shareholder where are the benefits to Newmount and Agnico taking over operational control so far? Isn't this a similar arrangement to the GGP/Newcrest situation where the Greatland board keep the news flow coming. Or have I misunderstood the relationship please?
I purchased my first OMI shares a little over a year ago and this BB was quite busy and there was at least some positive communication coming out from the company. Now nothing, board quiet, company even quieter, no info, no nothing. Where is the detail regarding the drilling programme, the results, even an MD saying things are going well and here's the plan, just even something for investors to hang onto would be nice.
What about scenario E where we sell our 30% interest in Hav for lots of money and invest ourselves in our other wholly owned plots because we have enough info to know they will come good? Is that not a workable scenario? Just a thought.