The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Hi Bamps I think that we are about to hit our Klondike moment with this share as can’t see any other reason for GGP to do capital raise at this time . I know from dealing with banks in my businesses that they require that you ante up at least 40% before they put there money in and it don’t matter how good the deal is .
I’m like many others on here sat on here sat on considerable losses since Shaun has taken over and that is cash not paper however as I’m a long term holder and I believe in the company and Shaun I think that this has a long way to go over the next few years so I’m going to keep investing as and when I can .
GL LTH
Many years ago I was taught how to play poker by a guy from Texas called Amarillo Sam and I can hear his words in my ears now “anti up or get off the pot “ which is where we are at .
Now I’m sat here with four aces .
Ace of diamonds = Havieron
Ace of hearts = NCM
Ace of clubs = Telfor
Ace of spades = All the research that I’ve done and that is available.
Now these guys who are attacking this share can keep trying to bluff me out of my shares but I’m going to keep calling their bluff as I know this share is a winner and when that time comes I’m going to own even more than I do now .
GLA Just keep the faith it’s always the hardest time just before dawn .
Newhaven
It’s at these times that I have always asked myself do I think that I’m right when I’m faced with sell offs at particular times that are going to affect the share price or any of my other investments.
It’s at these times if I know that I am right I double down on the investment and back myself . I look at all the great information that is made available to us all do as much checking as I can and get on with it .
I’ve come across CEOs like SB in my time and trust me they are very shrewd and know exactly what they are saying or not saying as they know that their words will be gone into word by word by the shareholders and all the clues I needed was in his eyes .
It looks like we will be digging gold out of our mine pretty damn soon maybe even by Christmas or by early next year at which point it will cash or income so let’s stay calm and let our BOD and NCM do their jobs and earn us our just rewards . GLA Newhaven 7
Bamps yes I saw that and it was well put together and well thought through . The other issue of course will be the road of which I do have experience. I recently built a road in the UK which was dual carriageway and was adopted and cost £1000 per metre. Now if we are going 40 kilometres to Telfer we are talking £40 million just for the road because it will need to be engineered to take very heavy loads . My guess would be but do not actually know that you could lay a railway line for similar money and kit it out with running stock for the the cost of the CAT and other heavy duty trucks.
But as I said I think their planners and logistics people will have this all in planning stages now ready to dust off once they know exactly what they are up against .
Bamps this is something we’ve discussed in the past , five years ago I went to see a friend who lived in Gladstone on the Queensland coast and went for a drive inland a bit . We came to a railway crossing and had to wait for the train that was heading to the port this train had three locomotives and took fifteen minutes to pass you could hardly see the front of the train once it had passed .
That’s the sort of transportation that we are going to need to move the amount of ore we are talking about if we are to move the amount of ore we have over forty years or so . Ok I can see too start with road trains but long term it will not be feasible particularly the way NC are talking about their green credentials as they polish them every time they do an interview.
I guess right now they will have their planners and logistics people crawling all over this and are probably waiting till they know exactly what they are dealing with before they put whatever plan they need into action.
Oh and by the way great information from you and bottle please keep it up for as it really helps us all.
GLA Newhaven
Bamps thanks for that on one of my sites recently , we demolished an industrial estate and transported the concrete and hardcore to the next door site using Moxeys and to give you an idea how big the lumps were we had 50 ton Hitachi 360s on the job . By the looks of it they have been using a 45 ton Cat 360 to do the cut into the decline.
We used crushers and screens to separate the material crushed hardcore as a class two and crushed concrete as a class one with the fines being used on the banks to help with the angle of
repose for the adopted road that we built . So I think they will have their work cut out with the material that will be coming out of Havieron and that is what makes me think that they will be looking right into this and when they know a little more will hit the ground running.
Newhaven
That’s what I’m talking about short term they can use road trains but if they hit again then that is not going to work and another solution will be required be that a train , conveyor system but over that distance I’m not sure that is feasible but maybe someone knows on the board .
The only other solution would be to set up another processing facility but that S what the bean counters will have on the shelf if and when that happens.
Hi All I keep asking myself is do I believe in the people who are running our company and if you are like me the answer is yes keep buying the shares as and when you can afford to. I’ve looked at a number of other mining shares and every one when compared to what we are invested in does not come anywhere near this company .
I’m afraid that this will take some time to bear fruit and as a short time play it just does not work but long term wow does it . My strategy for what it’s worth will be to try to get my averages down as I am one who bought in on brokers notes so am badly under water but will keep buying as and when I can as a long term investment for my family.
GLA HFG
Hi all Thought I would add my thoughts on what is happening with our share price and how I think this could play out .
The II now have control of the share price at this level and at say a 5p return on 22p a share gives them a return of approx 23% when in a couple of years the gold and copper etc starts to come out of the ground and until then they have no reason to let the share go higher . So what to do is buy as many as you can afford at this level and in my case to try and get my average down .
Only thing that are going to move it are .
1/ The price of gold goes up that would attract a lot of PIs into the share and that they would not be able to hold ( looks like someone is in the market today ).
2/ NCM expand Havieron and GLG find more in their exploration drilling at which point NCM I reckon will decide that they cannot allow the tail to wag the dog and we will be taken over . Their problem would be that the share would go up very quickly so I agree with some of the other posters that they already a substantial holding on the quiet of GLG .
So as far as we are all concerned it a win win all ways as for me I will keep investing here as and when I have spare cash .
GLA HFG
I also have worked in the outback and I know what you are saying that’s why they will have an airstrip pretty close I guess to to the change over for the crews .
Years ago I worked on the oil drilling ship Endeavour in Bass Straight mud logging with the geologists so know only to well the vast distances .
I just thought it would be a lot more interesting than the normal tourist tramps that we have all been on .Of course we would need the Abbo trackers as our guides then we would have no worries .
GLA
Something that has been going through my head is the thought of a Jolly out to Havieron first stop say a 5 star hotel in Perth . Next a charter flight to nearest regional airport and from there a day trip to our favourite mine now that would be something to look forward to .
Think about this if you are an II and in this for the long term like me and if you can buy at this SP and the dividend is say 7p a share that will give you a 30% return on your money over 30 years .
These II have very big overheads so need to make a lot more me I am gradually building up my stake in this company as it is a long term winner on what we know without what we think we know
I have a number of commercial property investments and they earn between 12% and 15% and that is considered very good so this in investment long term is spectacular.
GLA and HFG
.
Hi all I thought that I would put forward how I think things are at present for GLG and how things will play out .
Our share is plagued by day traders who are only here because it is well traded and they are looking to make a turn of say £500 a day if they know what they are up to, which is of no interest to the LTHs.
So how are we going to break out of this level .
1. The price of gold needs to go up , I know we have many other metals but as the name implies we are seen as a gold explorer as well as a 30% stakeholder in a Tier 1 mine .
2. We need some great RNS news which I know is on its way over the next few months so that should happen so no worries there .
3. Sentiment towards miners to improve and not be quite so short term as what we are involved with is a long term business .
4. NASA announces that GLG has been given the concessions for Mars as I think that would definitely help .
The thing that keeps me warm is that our new CEO is an account and therefore has a swinging brick for a heart and would not have jumped if he had had any doubts trust me . So with all that in mind I’m just going to get on with life first thing book a holiday for later in the year .
GLA and HFG
Hi guys SD and GH with their tweets are doing what they can in these difficult times for the shareholders who are now finding it hard watching the share price drop nearly every day for a variety of reasons .
I for my part bought in to the share in the 30s on brokers notes and after doing a lot of research and as far as I’m concerned nothing has changed . They can shake the tree as much as they like but to get my shares they will need a chain saw as I’m here for the long haul .
All the businesses I’ve been involved didn’t happen overnight and took a lot of hard work and tenacity which is what we are going to need to give them time to get this business to its full potential.
So GLA and HFG
Bamps I picked this up also and I can see this becoming quite a big issue in their thinking over the next year as this will need to be addressed one way or another either putting crushers in Haverieron end so that they can get the density in the rail wagons . Or if they get further discoveries in the area they will move what plant they can or need to build a new processing plant .
The accounts will trawling all over this and that’s why they are non committal at this stage that’s why they need to know what they have got in the area ASAP