Member Info for Nige_W

Hi Legalwolf
All the big players already know the potential, so I would be amazed if they are not sniffing about. Potential £Bn's profit for them, but Ncm hold all the aces ie Telfer and need the Gold for Telfer. Also (unlike this Country) I don't think Aus would allow another Company to take over Ncm.
Still think Ncm will buy Ggp land at Hav and continue a very successful and profitable relationship at Scally. Rare opportunity for GH and Ggp to become a miner but about 3 years away. Don't have to worry about that yet.
BoL

Hi Zoros
That the armies 5 P's?
Proper preparation prevents ****potical performance.
BoL

Hi Lauren
Most things you mention have already been answered on this BB. About 50% investment in Ggp is by II's, maybe this would increase if fully listed like Nanoco (MCap 32m, Ggp 854m).
I don't believe MM's have a significant affect on the Sp - this has also been discussed before. For every buyer there is a seller, else no transaction possible. If Buyer gets his buy price it goes thru as a buy, and vice-versa.
Once Hav MRE published we will know how much Gold is there, but still cannot value Ggp land until costs known. Certainly they will all have a far better idea of the value, and then I am sure Ncm will put an offer for Ggp land.
Assuming Ggp accepts the offer they become very rich and can either start mining Scally themselves or possibly jointly with Ncm or remain purely exploration. These options very rarely become available to exploratory Companies - need a Tier 1 find for it to become possible.
Revenue (for life of mine - 12 years+) will come from cash adjustments for increase in gold found and increased value of gold at time of sale.
GH already stated Ggp Ok for cash until 2022, so no need to sell any assets, which also implies no mining until then.
Deafening silence probably due to ongoing negotiations, or delayed results from drill cores analysis centres.
BoL

Barrigton Declaration
https://gbdeclaration.org/
Hushed up!
https://www.spectator.co.uk/article/why-cant-we-talk-about-the-great-barrington-declaration
https://www.spiked-online.com/2020/10/12/why-has-google-censored-the-great-barrington-declaration/
At least still on Bing

Hi Jambo
Ncm just bought a company (I think about the same value as Ggp) a few months ago, for which they had a rights issue.
Don't think their shareholders would like another one much (dilution).
BoL

Hi GGPT
Great, finally settled. Some dilution if £750k when MCap £854m. They have stated they are OK until end of next year for cash, by which time sale of Hav will have gone thru and accounts will reflect the sale. LSE says 4.95m for 2019, according to Ggp accounts assets about £10m now (I think).
Btw This infers no intention of becoming a miner before 2022, but current silence could be due to negotiations of JV's takeovers or whatever.
The Value of the Company (MCap) should be a bit more than Net Assets (in Accounts) if the Company is growing, but value of Hav is not in the accounts, infers NCM will pay £844+ m for Hav. But Ggp don't have to sell to Ncm - could be better offers about (but improbable). Ncm need Hav to keep Telfer going, Ncm have a great relationship with GH and Ggp and Scally in the pipeline. There will be a buyer for Hav but almost definitely Ncm.
Where GH goes from there is his decision (become a Miner - Hav pays for that), or stick with exploration and Ncm. This is a rare opportunity (for explorers) that few others ever have.
Don't ever need to raise cash by a share issue (when about £1Bn in the Bank). I've been watching Oak Island (Treasure Hunters), which I enjoy. Difference is Ggp has found the treasure and sat on it for now.
BoL

Hi TMT, Bamps and StrummerJ
My Method Fwiw
Step 1, Accounts.
Basic accounts can be viewed on Ggp Fundamentals, or the Companies Int / Fin results RNS. Usually holds Last 5 years. These haven't been updated yet on LSE (or partly) so look at Ggp Fin Res Rns.
From this you can see how revenue, profits, earning per share increasing / decreasing and rate of change.
Further down there is total for Current Assets (including Cash) and current Liabilities. If current Liabilities > Current assets don't bother looking any further - reject.
At the bottom there is operating Margin (last 5 years, inc / dec and rate of change) and Per (lower the better). Most of this doesn't apply to Ggp cos an exploration company. Best to compare 5 or more similar Companies and from this quite easy to choose the best.
Step 2, Prospects.
Here these Boards provide excellent information, due to some fantastic posters. Read the best particularly Paddygall, Bamps and TMT, cos very knowledgeable. Most impressed by TMT cos only just got into Miners and obviously done a lot of homework.
One difference between Building land and Mining land is that while Building land increases by a factor of 10 to 20 when Planning permission received, it makes no difference in terms of assets to a Gold explorer, so Ggp now valued at £854m - the Accounts do not justify that. What it does mean is Hav value is partly built into the price already. As news is released the Sp will react accordingly. I think prospects are excellent.
First invested Aug 2019 at 1.8, after 12 top ups between Trade and ISA av now 6.3, so very happy.
BoL

Hi BBD
That's why I say Samsung mustn't let this go to Court, cos I expect Gilstrap to throw the book at them. Previously 1 said £500m or £1Bn would be good enough for Nano, but think they could hold out for a lot more.
Sp going up which is a surprise to me.
BoL

Hi TMT
Great Summary. Just one look at the accounts showed you they had no Cash, and a gargantuan project that would take years to generate any. Always a disaster waiting to happen, particularly cos every builder knows tunneling costs always far greater than estimates.
BoL

Hi daveri
Scallywag a duster? So why go back time and again and with a Diamond Drill. Confuse the opposition?
BoL

Hi Bamps
Ggp assets so massive I see no reason for a rights issue (dilution). If they need an extra £5m / £10m just borrow it from a Bank.
Never been in an Aim before and don't understand MM's. Since Sets introduced in Main Markets (automatic matching of buys / sells), no need for MM's but Aim's don't use Sets. Even in Main Markets you get odd Buys of 1 3... shares cos if you sell 999 shares and I buy 1,000 I get all your 999 and 1 off next person.
MM's seem to be blamed for everything here, but I think their affect on Sp is minimal now. Could you help?
Thanks and BoL

Ps
Telford? Somewhere down South I think - meant Telfer.

Hi BabyI and other newbies
I will try to explain why I think Ggp is such a rock solid company - to the extent that I only own 2 stocks - Ggp and Nano. Nano a bit different, a recovery stock which could do very well.
Unlike other exploratory companies Ggp has hit the jackpot with a Tier 1 Gold Mine in Havieron. The value of this find is not built into the accounts cos nobody knows how much Gold is there. Even if they did know that is only the value of the Gold, then there is the expenses of excavating and refining it.
So some round numbers: Say 10m ozs @ $3,000 oz = $30Bn. Say processing costs $20Bn it leaves $10Bn Profit. Ncm could go 50/50 with Ggp and buy land for £5Bn. According to Accounts Nano spending £5m a year, so on current spending Ggp finances itself for 1,000 years (less $/£ exchange rate, and spending could be £6m).
This gives them the opportunity to get into mining if they like, and so keep all $10Bn for themselves on the next project (Scallywag). Critically this is an opportunity which explorers very rarely get. No plan to me infers you have to keep on doing your normal work, while I expect GH to make the best choice given his opportunities.
For various reasons I think GH will sell the rest of Hav to Ncm and set up a Jv with Ncm on Scallywag and maybe sell half to Ncm, while using their facilities to process their own Gold at Telfer.
Only fly in the ointment is if Price of Gold collapses, which I think is almost impossible. Besides people here buying coins, apparently the Chinese are buying big time.
The land sale contract allows for increased payments for more Gold found than estimated and increase in the price of Gold over current price at sale time, which will guarantee an income for Ggp for the next 12 Years+ (life of mine). Then Scallywag!
I used to work in Building and price of land depends on supply / demand. Price increases if high demand in the area, but Ncm has a big advantage cos already have the refinery at Telford.
BoL

Hi Manin
I am fine hope you and family are well. Looks like Hav MRE will be put back. Should not affect my strategy of moving some money from Ggp to Nano after MRE and before Markman (unless MRE not until March).
Are you still invested in Builders? I only hold Ggp and Nano now - very risky, but think Ggp so solid it can't go wrong.
BoL

Hi LEVIS
Great week for builders.
Tw +21.1%, Rdw 20.4%, Bwy 17.7%, Bdev 15.2%, Psn 5.5%, no doubt all cos of vaccine. Don't know about Bkg cos don't watch them.
As you said Psn and Bkgh have the most cash and so the highest Per's, so can't go bust. The vaccine means less chance of the others going bust, so they increased by more. Imho no chance of any of them going bust - so best value in those with lower Per's.
Still think disasters waiting to happen which will lower Sp. Even No Deal Brexit will affect Sp's (but will make almost no difference), so I'm still not reinvesting in Builders yet - expect next summer at the earliest.
BoL

Lost a lot today but not bovvered.
Hav is a Tier 1 mine (once in a generation) and the amount of Gold and Copper is not known yet, so not in the accounts (and probably won't be until MRE published). Even when MRE published it could say X ozs of Gold and Y tons of Copper, but given those numbers it is still impossible to value of Ggp's land, cos it is the value less mining, transport and refining costs.
I have no doubt GH will know how to do it (and so a fair price) and will make a deal with Ncm. This could boost accounts by £1Bn or more and since latest costs running at £6m pa Ggp will be very rich indeed. Price of Gold hardly matters when you're sat on so much and I think PoG will rocket soon, cos of printing money. We call it quantitative easing but really just means devaluing the currency.
This means that GH will have the cash to go into mining and refining if he wants to but will probably slow growth. Again, this is his choice, and I am sure he will make the best decision.
Absolutely the opposite of Sxx which never had any Cash.
Incidentally, with Biden getting in I anticipated an increase in PoG cos of his spending plans, yet it went down. One of the problems with day trading. When in doubt do nowt, and sit on the hands.
BoL

Hi StrummerJ
Looks like there's been another massive clear out. Imho It should be stopped far earlier and there always seems to be madness at the w/e. Probably the main man not there then so the ranter's can have a good time. I don't mind a bit of banter, chat about competitors (opportunities), but to get personal is not on. Hopefully a lot of them banned.
Hi thelearner
Everything based on Supply / Demand. In the current crisis price of gold will probably go up, but no idea how long it will last. Doesn't really matter cos Hav Tier 1, which basically means a lot which can be extracted fairly cheaply.
Long term investment for me and I don't too get excited cos basically for my kids.
BoL

Go thru recent posts and filter and report everyone talking about Politics, Political correctness, personal attacks and basically anything else that has nothing to do with Ggp.
Without doubt the best answer is to ignore (filter) them Tom, then they have nothing to say.
Best of luck to all (genuine) Ggp Holders.

Hi mercedesm
Completely agree. Don't know what this has to do with Ggp board. And diversifying for the sake of broadening Port.
Just looked at the accounts of some, 2 I liked are Jlp and Hzm. Bamps didn't like Hzm much (so I will leave), but will go for Jlp when Nano sorted.
The potential rate of growth of Ggp obviously depends on the MRE of Hav and drilling reports from their other projects. Seems to me they are continually hitting the jackpot, but not being a miner I don't know much about converting ozs discovered to value of land (after digging up and refining). Costs depends on depth, density, mining method, transport costs... So not even the Hav MRE will make much sense to me in terms of Ggp land value.
The value of Ggp now £892m depends entirely on these results (+ their existing assets) and if Scally a goodun as well could double Ggp Mrkt Cap after Hav Mre. All depends on how much Gold you are sat on.
BoL

Hi JiffyBag
The way forward is not clear yet.
Couple of daft ideas:
I suspect the big Bonus in shares issued to an employee was to the main Geologist, whose new technique seems to find Gold wherever he looks. If so remain an exploration company - find Gold all over and sell rights. Remains very high Growth Company.
Move into refining so massive profit in selling Gold, Copper ingots, with a dividend. Hopefully the Exploration side will continue and Hav sale pay for refinery... Still expect a big drop in growth.
Trouble is Growth + Divis with refinery will probably never equal Growth without refinery (at least short / medium term).
Point is these things cannot be judged now, depends on price of gold... Need to trust judgement of GH.
Even if we sell remaining land to Ncm it will produce income from higher yield than expected (always the case when based on MRE) and increase in price of Gold.
BoL