Talk about timing of today's MoM podcast.... check out the contents covered. Strong recommendation for the newbies to watch and learn.
Mining investing by fund managers. The biggest advantage we over the fundies is that we have no fixed investment timeline due to quarterly bonuses on the line. So use these things to your advantage. Buy when the asset is undervalued, hold and wait for the re-rate. Patience and time is your advantage.
Why do any of us have to show empathy? I know nobody personally. Nobody knows me. I have seen my share portfolio explode up and fall back and go up again, no empathy coming my way when I was in the red. We all have our own investment journeys. Catalysts have been shared for what news is coming to make a share price difference. Which should help all shareholders. GGP has been on ASX for a very short time. Again, get busy away from the screen if you cannot handle seeing red. Check monthly. If you do not trust GGP then why hold at all? If you do trust then go away. There are man Warren Buffett quotes on this if you want another view.
Do you all check your pension balances daily? And get emotional when the balance falls that day? If you have invested in GGP based on a sound investment thesis then wait for it to play out. That goes for every single investment you ever make. I am tired of reading the daily posts complaining which means they should not be checking the share price daily. Try checking it once a month instead. If you cannot handle the daily swings then stop checking the share price every day. It is simple.
I suggest filtering Plode plus other posters that have turned this BB into a crappy place to read. My view looks a lot better when I cannot see those filtered.
They making about 50% margins on AU$5000 gold so say $2500 which is say Β£1250 an ounce. Then Times 90,000 ounces = Β£112.5million free cash flow for Q2 is my estimate.
Times 4 for annualised estimate of Β£450million. π€π°πΎπ₯
Whatβs a suitable valuation multiple on Β£450mill pa. Times 10 = Β£4.5billion. Current market cap is circa Β£2.5bill.
I have started filtering people the past week as the bunch of names that have appeared over the last month or so with nothing but negativity need to go from my screen. I am getting bored with them. I trust my own research so do not need to constantly read the FUD.