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Hi Speedy, purely for debating purposes some comments. I have looked at the 100 years historical gold charts.
https://www.iragoldproof.com/historical-chart/
Why hasn't the trillions upon trillions of money 'printed' around the world not already pushed the gold price into 'orbit'?
Fiat money is filtering to an ever increasing numbers of billionairs - why put it into gold with no dividends when it can be applied to gathering even more fiat money and do [silly] things like buying 'Twitter' for $44bn (where can you put your hands on $44bn of gold?)
It seems throughout the last 100 years that gold crashes about an even number of times that it peaks - what if you invest money near the top of one of those down trends? The long term trend appears to be higher lows and higher highs but how many families with modest means would be able to accumulate over such a long term timescale to achieve a whorthwhile outcome against forfit of use over that period of time?
The market is rigged and gold price is the same as 10 years ago - why should that change even over the next 10 years. Governments are habituated to 'printing' money and the banks and bankers say thank you very much.
If the stockmarket is in for a big reversal won't gold follow suit?
Lastly, in an nuclear age how will gold help if there is WW3 ? ATB Emc
https://www.mckinsey.com/industries/metals-and-mining/our-insights/optimizing-mining-feasibility-studies-the-100-billion-opportunity
"The potential value at stake is significant here—if we believe that moving a feasibility study from “good to best” could generate some 10 percent additional value on projects"
From page 35 Annual Report 2022
The following table shows the share price at the end of the financial year for the Company for the past five years:
30 June 2018 30 June 2019 30 June 2020 30 June 2021 30 June 2022
Share price at year end £0.018 £0.016 £0.120 £0.176 £0.093
[30 June 2017 £0.0058]
Right, now bring on second wave of Lassonde Curve for 2023 and 2024
Hi Dip, no its not you so no need to feel guilty. I usually tend to take broker notes with a pinch of salt after all none forecast rise to 37p or drop to 7p.
As I have posted in the past there is something 'wrong' with this share
MrEMC2
Posted in: GGP
Posts: 2,759
Price: 3.485
No Opinion
RE: how high30 Jan 2020 20:26
Well I was waiting for 3p to sell instead I bought a few more at 3.05p hoping that this time the market reaction would be to send the share price into orbit . However, there is something 'wrong' with this share as it does not follow logic when good news is reported - Gervaise too has been underwhelmed by the market reaction to some of his earlier RNS.
Also, apparently, a little more patience is required
MrEMC2
Posted in: GGP
Posts: 2,759
Price: 1.735
No Opinion
RE: Patience is hard but necessary.22 Feb 2019 19:27
“Sometimes things aren’t clear right away. That’s where you need to be patient and persevere and see where things lead.” ~ Mary Pierce
Always nice to be looking for the positives but how does the lower price target from 18p to 15p help those PIs who bought in higher particularly those with modest holdings and little funds to average down below 15p? I have been stating roll on 2024 for rewards - just hope they too will benefit by then. GLA
Little doubt in my mind that GGP is and will continue to be a very successful AIM company. Looking forward to it being a lot higher than around 389th place in the following table:
FTSE All-Share Index Ranking (unofficial guide)
As at close on Fri, 7 October 2022
http://www.stockchallenge.co.uk/ftse.php
Hi Dip, sorry to disagree with you but I don't recall the Lassonde Curve ever being brought up from the time I bought GGP shares end of 2017 to Feb 2021 unless I missed the posting on LSE. Looked back to 8 - 10 Dec 2020 postings (pages 3885 - 3821) when the share price started to drop from 37p it was suggested that the early dips were a result of 'normal' trading. In fact, from memory, when the Lassonde Curve was started to be mentioned in 2021 someone suggested GGP might leap across from wave one to wave two on speculation and excitement of the then forecoming Scallywag drilling results - no one warned of the possibility of wave one dropping to very low levels!
It's all history now. ATB Mremc
9:50 minutes in "look to invest 6 months before expected production" one of the sweet spots! The video was released 19 Feb 2017 why do we only get this tip and the Lassonde Curve chart posted on the GGP message board only after many PIs have huge real/ paper loses?? Learning lessons for the next time; perhaps - but will there be a next time on AIM as good as GGP?
In the meantime fingers crossed for great drilling results from our other tenements.
GGP a once in a lifetime investment. GLA
Hi Dip - that is exactly what I hope for too, But forgive me for having some reservations because a. this is AIM and b. I have suffered like others the (dis) stress of being in GGP and all the while the share price has fallen from 37p to 7/8p . I expect our true path to the future will be realised by 2024.
I needed to go out so could not wait for the issue of the RNS.
I am happy that all resolutions were passed and that GGP is more derisked than ever before and that the future looks very bright.
Got to say BUT:
There were 4,572,408,501 eligible votes for the EGM . Total voted 1,681,253,793 that is 36.77%
We all knew how important Res 1 & 2 were and big efforts were made to encourage retail investors to vote. BUT the 36.77% total leaves me to believe that the voting power of retail investor now well and truely marginalised - now up to Wyloo and the IIs to decide what represents 'any low ball t/o' . That said I hope that IIs will be looking for many multiples of the 8.2p share price before they decide to sell in concert.
James, it has just occurred to me that if you do attend the EGM you will be able to report the results from the meeting because the Chairman will state at the meeting whether the resolutions have passed after the show of hands. ATB Mremc2
https://www.companylawclub.co.uk/law-on-company-general-meetings
Model Articles provisions on general meetings
"VOTING AT GENERAL MEETINGS
Voting: general
42. A resolution put to the vote of a general meeting must be decided on a show of hands unless a poll is duly demanded in accordance with the articles".
Votes of members
paras 54 to 63 : Show of hands and proxy votes are taken into account (but not sure how this happens in practice at GGP meetings) but as electronic votes are submitted in advance the Chairman must have a good idea of the proxy count before voting takes place in the room by a show of hands.
So the total of hands vote and the proxy vote will be notified in the RNS.
Took me a bit of time and effort but got there in the end
James, I have not explained this very clearly so not the best person to have answered your questions.
'Authority' letter from the ISA provider is a Corporation Letter of Representation appointing you as a Proxy, which you must take with you to the meeting as proof of your appointment as a Proxy. That also states the number of votes (shares).
You show your letter or share certificate at the door and are given a voting card.
Any shareholder can attend the meeting but only those given a voting card can vote at the meeting.
As each resolution is announced by the Chairman there may be an opportunity to speak before the vote is taken (but nobody spoke at the AGM during the voting except the Chairman). The Chairman will say whether the resolution is passed (or not) before moving onto the next one.
At the AGM I attended after the voting had taken place someone in the audiance explained that the show of voting cards by those attending the meeting counted in the first instance. Counting only goes to Chairman's proxy votes if voting on a resolution looks to be undecided. I don't know if that is correct, can anyone confirm?
It does not seem to be logical to exclude the Chairman's proxy votes because they are likely to include the votes we have given to the ISA providers to cast on our behalf. Otherwise an ISA Proxy would need to attend the meeting and get a voting card!!
So also unclarified is whether in turn the RNS issued about the results of the voting includes or excludes the Chairman's proxy votes.
James when I voted at the AGM I just turned up and a person at the door to the room checked my authority and handed me a voting card. Need authority from your ISA manager . Your Crest certificate for those shares. However, nobody noted the number of shares I owned so I don't know how that gets recorded?