Member Info for letsgetrich

Knocked my confidence in the company now. This will happen again, it always does and can see a pattern forming now of more dilution in the future. I'm moving on. good luck.

Told you it would dump some more. People get to emotionally attached to this stuff. Human psychology is amazing, why only a few make money from this game.

Wow that a massive investment considering they have about 180 million in investments. To me that tiny amount shows their lack of conviction about it.

Lucky Rambo

Fair enough, I just think it’s still got a bit to go, still trading at a price that’s very reflective of everything going very very well for the next few years.

Would imagine some will invest for the future but like someone said, years not months before you’ll see some serious money.

Maybe give it a few days, I think this will just drift now. Depends what your time frame is I suppose.

Told you so, was laughed off here for warning of exactly this and simply trying to point out nothing is straight forward with gold mining.

I wanted to see more results posted before just buying the hype. Hopefully one person took notice.

I personally think it could go for more. My business is Bearings and Power transmissions, we buy and sell Renold chain every week and have done for the last twenty plus years. Nothing else comes close to their products and their reputation often means big companies who don't failures and downtime will only consider Renold.

I posted this here in 2023

10k13 Feb 2023 11:04

Just helped myself to 10k of these this morning, they are still the go to for high quality industrial chains and for the past 20 years I have been involved in the power transmission industry they have maintained that reputation, others have tried to pinch market share but they are so well recognised and trusted they have built a deep moat.

I can only see the need for chains and drives increasing over the next decade and think they are well placed to capitalise or worst case scenario be a buyout target for a bigger fund.

Offers to buy the company

I’m not sure people here can comprehend some common sense such as the price being linked to the gold price.

They think a cross listing is the answer to their prayers.

Let’s not lose money… aaaannnnnd it’s gone.

Very funny to watch this euphoric commentary to then watch it disappear.

Gold price will retest the 3000 level this week. More of the same here whilst that happens.

If you can’t be bothered to read the whole thing this one paragraph explains my point.

Bulls therefore need confidence that gold prices will be sustained high enough for operational gearing to bring down the forward PE multiple already around 30x. They’ll also want to see how the rest of Greatland’s project portfolio can be usefully monetised, and that it can avoid the classic risks of mining such as operational setbacks.

Https://www.ii.co.uk/analysis-commentary/stockwatch-why-i-rate-exciting-gold-share-buy-ii535001

Don’t worry this is actually a bullish article on the whole, but underlined clearly what I’ve highlighted as concerns. I don’t 100 percent agree with everything but if you look at the numbers it covers more in depth what I was eluding to.

Without going to deep, I would want to see another few qtrs delivered at the estimated given. The recent figures have been very healthy which I don’t argue! However they are enjoying good prices and no operational issues. It’s my belief all of that upside is already in the current valuation.

Plus everyone has different opinions on consolidation, personally I will side step it. I have sold my shares recently and am not against buying again once I’ve seen the reported numbers over the next few qtrs. I think for now it might only have little more upside than where we currently are.

Overvalued on its currrent market cap

Jamin

250m isn’t bottom line buddy.

Congrats Martin, you kind of understand what I’m on about. Geez I was worried for a min that most people on here had no clue and they are chucking in money.

This is funny, you guys are still talking about revenue. If you need me to show you this then you shouldn’t be investing money. Are you sure you don’t want one more chance to look for yourselves? We are talking earnings not revenue.

You are looking at revenue!!