Member Info for MartinN

Calling it corrupt is a bit over the top.

The weakness of AIM regulation allows a level of manipulation to happen and this has been taken advantage of imo.

Hopefully compliance with ASX regulations will limit these sorts of shenanigans.

They’re newly issued shares Nardniles. Doubt they’ll show up as trades.

Exactly Willu.

Expect some good news RNSs now that the price doesn’t need to be kept low!

Anyone who thinks Trump is doing a good job is clearly off their rocker. Green bin for all of them.

He’s good for one thing and that’s causing the gold price to go up because of his assault on the world economy.

Actually I was wrong.

Even just using 4 months earnings the P/E is around 12 or 13. For a full year it would be 4 or 5.

Looks like you’ve been treating free cash flow as revenue letsgetrich. FCF actually is normally slightly less than earnings used to calculate P/E.

And you’re looking at P/E right now based on 4 months income letsgetrich.

If you look at forward P/E based on a continuation of mining at a similar rate that P/E will be in single figures.

Nothing to do with the market not liking ASX 123G.

More likely that the market is trying to create some extra liquidity to enable Aussie instos to get the shares cheaper using the falling gold price as cover.

There is literally no company news and we’re still selling gold at a higher price than in the last quarter and a couple of hundred above our put option minimum. The fundamentals haven’t changed.

Remember we’re only losing money if we sell and that’s what the market is trying to scare us into doing.

Agreed zoros.

It’s become a gathering place for conspiracy nuts spouting nonsense.

I foolishly responded to one of them.

Won’t make the same mistake again.

What a load of b0ll0cks.

I’m out.

I have to say I lost track of what point you were trying to make Ian other than bigging up Trump and belittling the UK and Europe whilst posting contradictory opinions from different news organisations that all seem to be basing their opinions on their editorial bias rather than on facts. I think it’s safe to say that you have as little idea where that leaves us as anyone.

We’re staying as GGP

Wibble

What happened yesterday with China was entirely predictable. Trump shat the bed as anyone who knows what he’s like knew he would. He acts on impulse then has to go back on his plans when no one goes along with what he wants. The biggest loser is the US.

Anyone who believes Trump is some kind of master strategist should send all their money to a Nigerian prince to make their millions.

It’s almost like some people don’t understand the principles of a consolidation and are conflating it with an offer.

Ask a sensible question then Welshy

That looks like a load of waffle jptop.

Bottom line is that once the business is on a steady footing following consolidation and the ASX listing, the fundamentals will have a bigger say in determining the share price. Based on the Q1 income statement, the forward P/E is in low single figures rather than the current published P/E of between 350 and 500 depending on where you look.

12.5p per share is a steal and if I wasn’t already overweight with GGP I’d be buying more. We’re sitting on a multibagger and it’s only a matter of when not if it’s going to happen.

Makes you wonder how many shares some people have. They were penny shares a short time ago FFS. If up to 19 shares is worth worrying about, don’t retire early and live off the income.

400 million ounce?

That’s over a trillion pounds worth and 11,100 tons of the stuff.

More than any single country holds in its reserve.

And discovered in a country where we don’t even operate.

It’s actually quite reassuring that AI can be so dumb. I think we’re a good few years away from it becoming self aware and starting a war on humans.

It won’t round up. You will get paid out the surplus up to 19 shares which at the current price is £2.64.

Not worth worrying about. I’ve got a spare 7 so I’ll get about a quid.

You’ve just described how cross listing works Scott.