The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Good pricing to start loading up. I topped up some more last week. Ready to buy more if it dips further.
Great time to add shares. Topped up myself, if it drops more I will add more shares. We have a clear path now in front of us and great medium to long term prospects.
If 20mz was to be proven that will take years, which we still only own 30% currently. In the short to medium SD must have been able to raise funds without diluting shareholders maybe based on 6.5mz that has already been proven as no financing would come without proven studies. He wouldn't have been able to offer the 85m if not. FS in December takes us to the next step and he must be pretty happy with finances exploring the other tenements that we own 100%
Great summary of current events. Next step December.
Also, newcrest had stated that they were going to update up to June 2022 and have only gone to December 2021. I'm happy with that as SD states we have at least 9 months of great drilling result to add onto the 6.5m updated resource that they have confirmed.
SD must be confident of being able to raise funds or would not have offered 85m buy back for the 5% in the first place. The market wont probably like the news in the short term and maybe now we see why short positions had been increasing. I would expect the price to drop short term and the stagnant pace continue until the end of the year.
Great result for GGP that we will retain the 30% on hav and looking forward to the FS in December which added drill result to possibly increase the resource we have and now we have more of it. Shows the boards confidence that they are will to buy the 5% back at a higher rate and now they don't have to.
Lol totally agree. They have more money than us and can afford losses if they get bitten and if they do their profits will subsidise it.
What's to explain? They are making their money and the shorts have been increasing. Is it over 90m now? That's a massive gamble and JPM are doing what we want to do and making money and that kind of gamble they are happy doing, they know more than us is the honest answer. Every so often we get it right and stick two fingers up to them pat ourselves on the back saying we were right.
Whats happened over the last 12-18 months is this theory that we know whats going on behind the scenes because we have "direct lines " to ggp management and the cult like following which has been established where any different view is pulled apart and of course they know nothing because we are "well researched". We don't know anything and the latest evidence of that was the price for 5% which is 60m, my own guesstimate was 210m btw. Nobody was saying that figure before hand and if they did would be ridiculed and spoken down to as usual. All posts on here on opinions and nobody actually knows. Every theory has been done to death so any sign of news we build it up and then of course tomorrow the sp is being held back. It isn't. We are where we should be at present.
Good post Jerry, I think that's exactly where we are at the minute. Decision on the 5% and then waiting for the December update.
I take your point which is everything posted on here is opinion. There is an RNS I believe of GH buying back at 22p, so not totally disillusioned but he is entitled do what he wants with his money as we all are. When Shaun took over he is entitled to 5m shares when the share price hits 25p and gave him 5 years to do it. Why do you think that is? I've said before I think the current value of GGP is 21p and realistically we are waiting for December for updated results.
I'm not expecting fireworks tomorrow. Alot of different scenarios have been played out on here for a long time now, we all put the low price to mysterious forces and other reasons that we convince ourselves of. I stick now to what is published by the company and the language used. Everything else is just opinion which needs to be balanced. GH sold out circa 38p, that says alot as he would of had more information than anyone on this board or chat forums.
It's my understanding that it's the highest price paid by that party looking to takeover not the highest paid by anyone in the 12 months. I think also the majority of shares are held by private investors which would make it interesting.
I don't think the results are really going to do anything to the GGP price immediately but will be interesting to newcrest shareholders. We need confirmation of the 5% and then waiting for December. Until then it's as you were in my opinion.
Hi Ben,
I do hope it is a 20mz but we can only speculate at this time.
All the best
Not sure why people are upset that a business is looking out for their own best interests? All the comments of good relationship and fair value are just terminology to keep it professional. Surely nobody thinks we are all best friends when it comes down to money.
I think many will be waiting for December for the results and what actions to take as I agree all this information and seem stagnant atm. That will be my point when I make a decision about my holdings. This share has always been how long you want to wait for your money, if we hit another potential HAV it will still take years to prove up and if you want to wait that long then thats your choice. GLA
Will be interesting to see if there is any new data or if it will be the existing data as already shared from March. I'm not expecting fireworks but always good to hear from SD
End of August 15p
End of Year 21p