Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This discussion reminds me of the law of chance as opposed to probability.
If we assume that there are twenty tenements and each tenement has a one in ten chance of being a big hit and a hit would increase your investment tenfold would you gamble all that you had on one of the tenements hitting the jackpot?
Many would say no because the chance is only 10% each time. Personally, I would go for it because the probability is that two of the twenty would be hits. Maybe only one but then possibly three. Yes, there is the chance that none would hit and you would need to live out of the rest of your life as a lowly pauper in an alleyway somewhere but....:)
It seems to me that we have to fight our own weaknesses rather more than anything else. We can have all the technical information at our disposal and all the projects lined up at various stages of being 'proved up' but it is our own characters that are being tested.
Having joined around the 2p mark, a couple of years ago, there was an era of 'excited investment' around the share and people were desperate to hook into the possibility of this new 'klondyke' materialising. People, including me, threw everything at it and the gamble paid off. There was a euphoric atmosphere around the bulletin board. Some people made millions! It was easy to be a GGP enthusiast.
Then we had the 'big dipper' stage. The post 38p stage, coinciding with the depths of covid and winter. What was happening? Should we sell or should we hold? I don't remember reading anything telling me how to deal with losing half my wealth. It was a crushing time and a time requiring constant reassurance. As if that wasn't bad enough, bandits began sniping at the column. They appeared from nowhere delighting and thriving in the uncertainty, like harpies picking the fruit from the table.
Now the survivors of the big dipper must face the arduous task of trudging the 'long walk' on the flats, hoping every positive will bring back the golden days we previously enjoyed but being disappointed time and again. Yet we plod along and have picked up other hopefuls while on these flats, and must now exercise the hardest task of them all; patience.
The next stage.....well..we will know how we react when enter it. I am betting on the discovery of a big cave full of gold goblets and bright jewels. ;)
Come on olderandwiser. TMT has given us an open-hearted post about his future plans and wasn't banging any religious drum as such. I wish him well in all future endeavours. He has always been an intelligent and prolific poster here and will be missed.
Now I have an image of Jose Mourinho giving an 'after drill' press interview.
Jose (all one note and no pauses for effect): "We drilled down as far as we wanted and..uh..yeah..we got the result we were looking for. Now we must ..uh..prepare for the next match in six weeks. That's all."
Come on Mickey, you're not suggesting we replace SD with Jose Mourinho are you?
Using the golden rule that if the UT pushes the close price down significantly we scoff and ignore it but if it goes up significantly it is significant, can we please say 22p? Pretty please?
Very cool Tom. A sleek motor indeed. I wish I could share your enthusiasm for these prestige cars but I've always thought I would either (a) kill myself if I drove one or (b), more likely, never get out of second gear. (I once had a 2CV and, in later years, a Daihatsu Campervan).
I AM going to take a speedboat course actually. In Portugal, if we can ever get there again, you need a licence for any inland boat with any engine bigger than one of those meccano set versions, so that doesn't mean much really. :)
My apologies. I sometimes log in to LadyMush's account, who hasn't filtered anyone, just to be nosey and see what the kerfuffle is about arising from green filtered posts. so my reply to thedoors was in the wrong account. Lady Mush does not need hand re-shaping as hers are perfect of course. (Who the hell cares really lol)
Anyway, back to the intel coming in.....
Most excellent humour Doors!
Sums it up precisely.
I'm rather hoping that 20p is the new 2p by the way. I remember, back in the day, when there was some complete maniac on ADVFN who put post after post up, laughing hysterically about the folly of anyone buying above 2p. Can't remember his name now. Not applegarth but a take on his name . A complete basket case.
Anyway, I wrote a sketch once which was a spoof on the old gold mining towns where the gold had run out and only a handful of residents remain, soon to make their new fortune by selling wild mushrooms. The rare and valuable Maitake mushroom had just been discovered by the Wild Mushroom Kid (yep) and there was the appropriate hoopin' and hollarin' as the remaining eight townsfolk celebrate the resurrection of their fortunes.
We...are....those eight and our Maitake source will soon be unveiled! Ehaaah!!
Very interesting and Sprott have increased their holdings in GGP recently haven't they? That being the case and listening to him there (towards the end of the interview) you do get the feeling that he is talking about GGP and that he doesn't 'trade', he goes right to the end play or to the point where the company gets taken over.
Have a great evening! Really sorry we cannot join you on this occasion but matters have conspired against that happening.
Oddly, I seem to recall that the first Stag-do coincided with the 20p breakthrough! Haha...no matter. Patience, patience, patience.
There are a few shares that I indirectly follow because google thinks I might be interested in them. The share prices pop up under the GGP share price at the bottom of the screen.
One of them, Kodal Minerals, has been doing very well of late and it got me thinking that maybe I had missed an opportunity. Today it tanked by 40% at one point because there has been a coup in Mali, where KOD licences are held.
And THAT got me thinking how nice it is to be invested in GGP, where most of the licences, including Havieron of course, are to be found in Australia. An added tick up when it comes to the feasibility study.
You are right TMT but you are denying the basic British right to moan! The weather is a ruddy nightmare, particularly after months of lockdown and if the sp can be all over the place as a result of the company being on AIM, why have our brokers issued a guide price for risk or unrisked? Maybe they should have added a footnote to the effect that, "Well that's the price we think but don't forget the mms will mess the hell out of it, so don't expect more than a third of that or for it to move anything other than downwards on good news".
So there. :)
I swear, if we get a load of whiney comments from non-regulars about not being able to buy on the day the sp surges, which it will soon enough, I will need to be held back. Such traders are virtually worthless to the share since hardly any will stick.
Agree with these sentiments. Atm I feel like a kid waiting for Christmas Day to arrive. The added frustration is I don't actually know what day it is. Could be tomorrow. Could be in six months. All I know is there something shiny glowing through the wrappers.
Hi lazypunter, interesting thoughts there. I'm going to be generally away from Stroud and down in Wiltshire for a while. A friend asked me today if I had sold any ggp shares when I was enthusing about the prospect last September. I told him that I hadn't and while that may have been a mistake, obviously hindsight is a wonderful science.
As it happens, I am still 100% invested in ggp and am intent on riding out the current flatline until this races well above 38p. Yesterday, I watched, as did many, the enthusiastic interview with Sandeep Biswas. Seriously, does anyone really have the slightest concern that Havieron is not going to be a massive, Tier 1 asset? 3.4m oz will be history soon. We will have crossed the 5m oz barrier and sailed right past it.
I have absolute faith is in this company and that the investment is a winner. :)
Hi Littlecrumbs,
Yes, I see what you mean and thank you for your good wishes, returned of course. I am still very certain of eventual major success with ggp. Anything from five to ten times the current price within 18 months but only if the business potential gets re-absorbed by the market.
Patient as ever here but come on GGP!!
Little crumbs said "if GH is a willing seller & instos are willing buyers that’s a perfectly straightforward & legit movement of shares & all without creating a stir in the market".
First part I agree with but not the second part. A friend of mine invested at 38p. What do I tell him more than I have told him many times that this is just a blip, a dope reflecting some sort of shenanigans etc etc.? He is 50% down and has watched that value sink away every single day for over four months.
I will try to tell him that it's ok. It's nothing to worry about, not even a stir. It's wearing a bit thin.
Sorry to lay that on you but this damn drip drip dripping away is becoming intolerable.
Ok Jaguar. I really don't know tbh. However, my point stands that it has not been mentioned by ncm which is intriguing.
Sorry Bamps..just read your original post. Maybe the conveyor would not work after all.