Member Info for mattlilly

If you're looking for a leveraged way to profit from Gold/Silver rebound while you wait (like me) for the big bucks payday in SOLG, have a look at GPSS...

These are a subscription share for GPM...you don't have to pay the final payment until November, which is surely at least a month or two after the fireworks here...

Granted the SP at 14p to buy is equivalent to a full price of 60p which is higher than the 58.6 you would have top pay for GPM, but...

The NAV of GPM is 67.8...if GPM rebounds to its recent high of 73.7, you make a 26% gain, but if GPSS recovers its own recent high of 24.8p you make a 77% gain...

Leaving you with two choices...

Sell your GPSS before November...

Use your SOLG gains to pay the 46p and continue your exposure to gold and silver...

AIMHO as usual...

Are you trying to speak for the majority again earthling...especially in light of the astonishing inanity of CGP I'm not worried whatsoever...

Apart from which it comes AFTER the PFS and AFTER the BHP brakes off...

Ouch earthling...you just don't get this whole ESG thing do you...

Nor the critical importance of these programmes not only for local support, but also the fruitful partnership with the Ecuador Government...

zeros...we've been going backwards because of the gold and copper prices...you can't have your cake and eat it...

Just look how far GPM , POG, CEY, HOC etc. fell as gold tanked from $2070 to $1864...

Why don't you just sell up and move on...you could buy GPSS for 15p with plenty of leverage on the gold/silver prices...

Montecristo...why would you bother posting such a baseless opinion...are you saying Nick has been lying about potentially another six Alpalas...?

I use II (formerly TDW)...always been able to trade T20...currently have 93k SOLG on a T20 as part of my holding...

Have often sold shares (borrowed) without paying for them...helps to time your purchases sometimes...

Only 50 days until PFS...

Surely we're going to see a steady flow starting soon...

FNV signoff...drilling results from four sites, especially Porvenir...punctuated by news on the $1bn or more prospective offtake deals...?

Won't it be the same as the UK? If he takes shares he won't have to pay the CGT until he realises them...can spread over a period...?

Uncrossing trade 92653 at 26.85....

Bought a smidgeon over 18,000 shares this morning at between 186.99 and 187.35...

ATB

Agreed Optimus except you left out the Franco Nevada news...that will kickstart the SP again IMO...

A starting bid of 40p would be treated with derision...how on earth could a prospective bidder build a book at that price...BHP and NCM wouldn't sell for that...

I repeat...there's little point in a 'low ball' bid because the final takeout...even now...would be £1 or more...

AIMHO as usual...

From the 2019 Annual Review, Chairman's Statement:

"Our journey ahead is rich in value-creating opportunities, particularly in Nevada and Latin America, while Africa remains a place to find world-class deposits to add to our portfolio of Tier One mines. We are also looking closely at expanding our copper base, given that copper co-exists with and complements gold. "

https://financialpost.com/commodities/mining/barrick-reports-55-higher-adj-profit-helped-by-gold-prices

"Barrick CEO Mark Bristow has previously said the world’s No. 2 gold miner could raise its exposure in copper because of its expected higher use in electrification.

He added on Wednesday the relative price performance between copper and gold made deals more attractive.

“(A stronger balance sheet) improves our capacity to take up opportunities that might arise in the short to medium term given the dynamic nature of the global economy,” Bristow told Reuters.""

https://seekingalpha.com/news/3572780-barrick-gold-in-strong-position-to-diversify-through-acquisitions-ceo-says

"Bristow said on the company's earnings call last week that he expected a "dynamic M&A" environment this year and that Barrick was "not shy" about making deals."

I hold shares in DGR as well as Solgold...do you think I'm stupid enough to not be able to read an entire slide deck...or to think there would be no mention of Solgold when DGR holds a 10% plus stake...?

The point I was making was that on the future facing "DGR Global is on the front foot of the Exploration Industry", Solgold wasn't mentioned...at all...

Comprendi...

https://www.nytimes.com/2010/08/19/business/global/19potash.html

https://www.livemint.com/Companies/8TWPwMeXHR2SLPWpzttopN/BHP-Billiton-launches-formal-bid-for-Rio-Tinto.html

https://www.energyvoice.com/oilandgas/americas/195671/bhp-mulls-bid-for-blackstone-backed-bluewater/

https://www.smh.com.au/business/companies/bhp-billiton-looking-more-closely-at-ma-20151013-gk801d.html

https://bhpcorporatefinance.co.uk/about-us/

https://www.smh.com.au/business/companies/mackenzie-s-glitch-free-bhp-farewell-gives-successor-a-clean-run-20200218-p541ue.html

"He wants to drive more volume from the existing resource bases and an increased exploration effort as well as from buying into early-stage developments, such as BHP’s investment in SolGold to gain exposure to what appears to be a very large copper deposit in Chile (sic)....He’s never going to say never to the possibility of a major acquisition...."

100,000 Buy at 27 booked at 17.28...how does that happen...?

Agreed...but NCM needs to decide what they're doing...maybe they'll come round to a JV approach on Alpala, but 50:50 buying CGP's stake....

That would still leave NM to develop the other prospects and would not involve a sale...

Just musing...

Surely prefer FNV news first then a steady stream of regional drillings...?

Hmm...swazers..."will bounce off 23p and fall back to 16p...I've never been wrong..."

Epic!

Did he mean 123p...

If he's a trader, the only reason to DISS the shares would be to get back in lower...but then no man is an island....