Member Info for Lenz

It’s actually better early morning I think. Though most days recently the highs on asx have been mid day Oz time !

If you stay up you can do it live, if not you can set a price at which you want to buy at .. it’s not always successful that way !

Megan .. in one simple word .. RUBBISH !

If you have been caught with this share before then you are obviously trading so more fool your. This is an investment share and would you care to explain why this is a high risk .. all the news and results say you are wrong !

IG trade on the asx

Jdt .. I agree NCM have to get a decent share of any JV or they would not be interested .. I said this yesterday, that if GGP get 25% of a profitable mine it is basically money in the bank for very little cost, while still keeping the company ! A no brainier to me !

He is just a **** stirrer, all markets were down over night and this is what I expected. We have no say over the effect covid will have on the share price, but it doesn’t affect our fundamentals and the progress we are making towards a tier 1 gold mine !

It will be interesting to see what happens this morning, all markets are down, wouldn’t be surprised to see the same here .. is this the covid effect again?

That’s weird Paddy mine was wrong from Friday but is correct today ??

Well done Tom, I wish I had the nerves to do that, but I don’t have as many to play with as you do ! So would be a bigger disaster if I didn’t get it right, so just doing a Paddy here !

SocialistB ..can’t see GGP becoming a miner, but I can’t see NCM buying out GGP in total either, the ideal I think for both companies is that GGP becomes an unofficial exploration arm of NCM, where more JV’s like Haverion could be formed, even if GGP continued to keep 25% of any mines .. that would turn GGP into a multi billion company, that guarantees a yearly income in the hundreds of millions! the bonus for NCM is they have experienced explorers finding the gold and it doesn’t cost them a fortune for. 75% share of any finds. For GGP they get to do what they are good at with a 25% share of any mines that are developed. That to me is a win win for both companies !

What will ..spy ?

Artemis have a huge acreage around the Paterson and a few JV’s in place ..won’t be surprised to see them bought out just for the acreage alone !

That profit could well be north of $500m a year .. that would give a good dividend ! And once dividends and profits are Confirmed entry to the FTSE 250 would be possible, which would give a lot more stability ! That’s where I would like to see us !

TMT in answer to some of your Q .. GGP share will be only 25% of those costs. Which will not have a huge impact on the overall profit margin .. don’t forget that !

Paddy , that’s is a conservative estimate considering we are still open at depth but a great bit of analysis . Wonder what the MRE will come up with .. my guess is now north of 10m Oz !

Boom123 .. As they say up here... awa and bile yer heed!

These funds etc, are not buying these shares for fun, they have probably done a lot more research than all of us put together apart from a Paddy;-)) so if they are buying huge nos. there is a financial reason behind it .... and it’s not to lose money !

It just shows you how manipulated this market is. !

It’s being controlled again !