Member Info for notrader

Rediron - we would own 25% of Hav.

JJN - my view is that I am content to await the outcome of the process. I hope it will have a material effect on the SP, as it will enhance the paper value of my portfolio, but not sweating over it. I consider it as another staging point (of which there will be a number, including further drill results including other prospects,, MRE2, FS etc) all part of the journey to realising the full potential of the company.

JJM - don't mean to be argumentative, but as an example of why it's faulty, what if you took the MCap from around 3 weeks ago when it was nearer 700m. Our 'assets' have not changed in that time, but it give a significantly different 'pivot point'

JJN - you are making the assumption that our current MCap is directly related to the value of our assets. Unfortunately, the market doesn't work like that.

In October you said "Imo metal prices will hold or increase in value from today's levels.
Imo this is when the share will rocket"

Unfortunately you also said "Imo December will see a good rise and we will finish the year with a share price above 20p"

I think that tells us how much attention people should pay to you.

nm

Bamps - are the broker notes not assuming higher resource levels than are currently confirmed? Perhaps when JORC resources reach the levels assumed by the brokers, their target prices will be realised. At the moment, the market values GGP at 14-16p.

Well said Zoros.

I really don't understand why some of the people on this board are getting so worked up over one or more IIs shorting the stock. It's what they do. They are either gambling to make a quick profit, or hedging other positions. I can understand why punters and day traders might get nervous, because it might impact on their short-term trades.

Does it affect the gold in the ground? NO
Does it change the assay results due? NO
Does it affect GGP's or NCM's drilling programmes? NO
Does it impact the 5% negotiations? NO

Many posters here claim to be LTHs. Will it affect the long term prospects of GGP? NO

Shorts are irrelevant to the future of the company. The shysters are after risky short-term profits. We are invested in the long-term future of GGP

Freddie - again, your lack of knowledge and research lets you down. You might want to look at the figures used by NCM in their POG assumptions in 2020-21.

"Be assured I did not intend to cast doubt on your integrity."

I think describing Bamps as "quite simply wrong" would be understood by any reasonable person as an attack on his integrity.

CJM - you took it much further than asking a question: "Much as like Bamps, this is simply wrong"

So no apology then!

CJM - "I can see no valid justification for your assertion."

Is it not a fact that gold has risen in price from $1200 to $1830?

Where has Bamps said that this rise has happened over 12 months? All other price comparisons contained the term "in 12 months" It is your incorrect inference that this also applied to his previous statement. Please apologise for your mistake.

From Monday night - " In your considered opinion what is the likely valuation for the 5%?"

MJ - "notrader - I DONT KNOW!!! Its the very reason I got this discussion going in the first place. I have no industry experience or otherwise."

Me - "but you HAVE already told us what you think the valuation might be - you used figures of £50 - £100m. Later you use a figure of $80m. What you haven't done is provide any rationale as to how you consider those figures to be likely, or even possible. When posters have responded to your request for their estimates, you have no problem criticising them and their assumptions. Your whole strategy seems to be to suggest that the 5% FMV figure will be significantly less than expected, and this will lead to a major decrease in the SP. You have provided no reasoning to support this, and you admit that you don't have enough knowledge of the company or the industry to have an opinion worth paying attention to."

So that strategy has failed so now you and your sidekick have had to resort to constructing a false argument that Bamps is posting falsehoods! Let the casual reader judge who they trust more.

phelps - that's the rampiest post today, the brokers predicting SP over 70% higher than today!

MJ - but you HAVE already told us what you think the valuation might be - you used figures of £50 - £100m. Later you use a figure of $80m. What you haven't done is provide any rationale as to how you consider those figures to be likely, or even possible. When posters have responded to your request for their estimates, you have no problem criticising them and their assumptions. Your whole strategy seems to be to suggest that the 5% FMV figure will be significantly less than expected, and this will lead to a major decrease in the SP. You have provided no reasoning to support this, and you admit that you don't have enough knowledge of the company or the industry to have an opinion worth paying attention to.

MJ - I ask you again - In your considered opinion what is the likely valuation for the 5%?

Dunposting - The most likely explanation is that these trades are from algorithmic trading or High Frequency Trading, where orders are broken up into small segments and automatically traded by computer when spreads or prices match specified criteria. Modern computes systems can execute hundreds of these trades every minute for small individual but large cumulative profits. There is certainly a correlation between the number of these types of trades and the development of ultra-fast electronic communications

Zoros - you are generous in you opinion of Mumbo. Me, less so, because he keeps banging away at a booken drum, ignoring all opinions not corresponding to his. I like your approach to a baseline for FMV, but according to Mombo's figures, with his focus on SP and market cap, valuses All of Haverion ot less than £2b

GGP Mcap is currently (say) £600m. Assume for the moment that we have no assets outside Hav, of which we own 30%. Extrapolating this, 100% of Hav is worth £2b, so 5% would be £100m. He is estimating that the NCM payment will be significantly less, perhaps around £50m, valuing Hav as low as £1b. I believe that anyone who continues to spout this nonsense has an ulterior motive for doing so.