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Hi TMT
Great reply showing how GH keeping options open, but I do think Ncm and Ggp a partnership made in heaven. Essential they both keep each other happy, so I don't expect a cheap offer from Ncm for Hav.
Could Telfer handle production from Scally, or is it too far away? Probably doesn't matter if a railway (freight cost next to nothing). No doubt Ncm would like to buy part of Scally as well, but a long way off.
Excellent point "what seems to make most sense today won't necessarily be what makes most sense in 6-12 months." Hence keep options open.
Hi LaurenL
Lamborghini still make tractors and made them before cars. As Zoros said Lambo cars bought out by Audi.
The critical point is options are Open. You say no Plan (inferring bad for Sp) but this is long term, so I don't think it makes any difference now. To me Sp should be around double current price. Everything is beginning to fit so well.
The difference between Sxx and Ggp is Sxx never had any cash, Ggp has loads and quite happy to raise more (as and when needed) to fund its own Gold, Copper refinery (if it needs to and Telfer not possible).
The set up costs of Telfer refinery are massive, besides accommodation, canteens... they have built an airport that can handle 100 seater jets. A Giant like Anglo or Rio could probably buy Ncm and Ggp, but I think Aus Govt would probably object to it. So hoping to be here long term.
BoL
Hi Nano
I think sensors (of far better quality) have a huge potential in defence Being able to see troops 3 miles away (or whatever) is not nearly as good as seeing them 6 miles away. Tv's is a massive market, but defence / cars could be even bigger.
BoL
Hi LaurenL
"As the markets have no idea what precisely GGP intends to do".
"... that GGP is here to monetize its assets to the benefit of shareholders..."
The two things taken together imply no definite plan, cos many options. One must hope the CEO knows best which option to follow. This applies to all businesses. Should Bentley start making Buses or Lamborghini Tractors? Last one trick question! This is what CEO's are paid for and GH appears to be one of the best.
BoL
Hi TMT
To me the logical course of action is to sell Hav to NCM (cos they desperately need it) and if gold at Scallywag mine all or part of that themselves. This is the natural development creating a mining facility with cash from the last one. Gonna cost a lot and no return for ages, which means the growth rate will probably decline.
This would be offset by long term prospects of the Company, and I can live with that (but probably decrease holdings).
BoL
Hi Strumm
Bamps my hero and got me here (Aug -19) after I resisted Aim's for ages.
Went thru the same thought processes as you almost exactly (but I only held house Builders and Nanoco). Going to give my kids a lump when Nano sorted. Only hold Ggp and Nano now but intend to get into Jlp. Just had a look at Hzm and was impressed, but Bamps not keen. Also looked at Solg, Ecr, Eur, Alba and Rrr, but I was not impressed by accounts.
It certainly is true that the smaller the Company the greater the potential growth, and you could get lucky, but for everyone that makes it, maybe 10 go bust. So I particularly like Nano cos so rich they can't go bust - current Liabs £0.67m, Cash at Bank £2.76m, potential sale of Hav £1Bn+ cash = about 1,333 years money at that spend rate with no income before they go bust. Not going to happen that way but fine for a long while.
Nanoco is a recovery stock suing Samsung for CFQD's which Samsung stole and are using in their Tv's. Settlement could be before Markman hearing 26/03/21. Nano MrktCap £30m now at 9.7 (306m shares), settlement could be £1Bn or more! Worth a look, I'm sure you can figure the numbers there.
I think ITM will get there, but how long will it take to change the infrastructure of the World to Hydrogen?
I suggest you have a look at Nano and House Builders cos I think Builders are the most undervalued sector in the Market.
VBoL
Hi Mani
Point about Herd Immunity is you don't try to stop people getting it (apart from the vulnerable). The virus usually becomes less harmful as it develops naturally and a heard immunity means fewer people will catch it. These two factors are negated by lockdown.
The fact that NHS might not be able to cope is entirely the Govt fault and they have almost had a year to adapt to the situation, but have done nothing. The harm being created by lockdown (Economic, Social and Deaths) far outweighs the few lives it prolong for a short time.
Massive studies will be done in the future about this and Imho it will be proved to be totally wrong response by Govt and Sweden had the right idea.
BoL
Expecting Bloodbath today, but HB's still working so shouldn't be affected as badly as most. Always said Builders are a safe haven so some II's, PI's could move to Builders, rather than moving to Cash, or Gold (like Ggp and better than cash in troubled times).
US election... who has any idea where things will go?
Not hopeful but best of luck
At least construction still going strong.
Some highlights from article posted by 2227
'Lockdowns Are a Failed Experiment
According to an October 13, 2020, article in The Sun, COVID-19 restrictions “could hurl 90 million into ‘extreme poverty,’” with the poorest nations bearing the brunt of the economic collapse.
The New York Post also recently reported that “COVID-19 lockdowns were a risky experiment” that failed, and have proven deadlier than the virus itself.
“No ethical scientist would conduct such a risky experiment without carefully considering the dangers and monitoring the results, which have turned out to be dismal,” the New York Post writes.
“While the economic and social harms have been enormous, it isn’t clear that the lockdowns have brought significant health benefits beyond what was achieved by people’s voluntary social distancing and other actions.
The cost-benefit rationale becomes even bleaker if you use the standard metric for determining whether a drug or other
intervention is worthwhile: How much money will society spend for each year of life being saved?
By that metric, the lockdowns must be the most cost-ineffective intervention in the history of public health, because so many of the intended beneficiaries are near the end of life. In America, nearly 80 percent of COVID-19 victims have been over 65, and more than 40 percent were living in nursing homes, where the median life expectancy after admission is just five months'
We're going wrong!
BoL
Hi OWLS
After those results I think the value of Ggp is maybe double current value. Can you name any other company that has more Cash than current years liabilities? That situation will change in about 3 months when NCM buy Ggp claims (for possibly $1Bn or more), then a yearly income from increased gold yield and price of gold.
The market just doesn't seem to realise Hav is just growing bigger all the time - and then there is Scallywag.
Unbelievable!
Hi Tom
I bought in at 1.8 topped up about 12 times between Trade and ISA and now have av of 6.3. Not sold any yet and don't intend to.
Have a look at JLP - looks good to me. Been looking for other explorers, but couldn't find any I liked.
BoL
Hi Bebeto
Investing is a simple idea. Don't invest in something that could go bust, but has prospects - so check accounts. If accounts Ok then maybe go for it, if prospects good it increases the potential.
Or Identify value - good accounts and prospects. For me nothing compares with Ggp now.
Bamps and people do loads of research and maybe sometimes confuse themselves and sell too early (take the profit which is there).
I haven't sold any since getting in at 1.8 just over a year ago, but topped up about 12 times, so now av is 6.3 or 278% profit.
The best idea is to only invest in Companies you believe in (I only invest in 2).
How many did Bill Gates invest in?
Bamps my hero cos got me here from Coys I thought would go backwards.
BoL
Hi OWLS
Don't know, those on GGP board unsurprisingly disappointed.
Imho could be cos reports a bit technical and the market needs to digest them more, so I expect a further improvement over the next few days / weeks. Still no report on Scallywag which should also boost Sp.
BoL
Hi Kempey
If the buyer gets his buy price the trade goes thru as a buy (sell not recorded). If the seller gets his sell price it goes thru as a sell (buy not recorded). In Sets system it's as simple as that, not sure how Market Makers influence that, but pretty sure they have to buy/sell in a similar way.
BoL
Hi Kempey
For every buyer there is a seller, otherwise the number of shares issued would vary constantly. It always remains the same (unless an RNS stating increase or decrease).
Also most of the afternoon LSE was not recording up to date numbers.
BoL