George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Over the years I have gradually been moving everything into GGP
as it seemed to be the best/safest horse in the AIM steeplechase ..
and before those who can't stop themselves being unpleasant ..
I know it is risky portfolio management to go all in on one share ..
but having previously been in AEX, PREM, SML etc decided on GGP ..
so not looking for sympathy or guidance was just stating my concerns ..
its a short to medium term frustration re the 50% of my shares in my SIPP
hopefully the other 50% of my shares in my ISA will compensate me later ..
Acechaser
retired when SP was in the mid 30's
and my pension pot was in excess of £1m
however now sub £200,000
and each month one months pension drawdown
is costing 5 times what retirement calcs/decision
was based on ..
just hoping SP recovers before pension pot runs out ..
not a happy camper at the moment ..
Sorry if I have missed something .. but
Q1 have we missed the June update or
is it due in the morning ..
Q2 do we have a date for the town hall meet ..
I am extremely disappointed in SD's apparent
indifference in the SP ..
since he joined the company the SP has gone from 38p to 6.5p ..
my pension is in tatters ..
Andyb91 ..your forgetting that the gold doesnt come out of the ground on its own and its going to cost multi millions to get it out, get it to telfer and get it processed .. although predicted to be possibly second most cheapest, you have to allow aisc's so that 4.5bn overstates our value
sorry if this already posted .. but
could'nt Sandeep have accepted $85m from GGP for 5% ..
and then bought it back for $60m making a cool $25m in the process ..
I realise the $60m valuation came after the $85m offer ..
but imagine NC knew the independent assessors valuations ..
hi cadell,
sadly the 5% will not set the value of the remaining 25%
as the 5% will be 5% of the value of Havieron in Dec 2021
which is 5% of ( I think ) less than 5m ounces of gold
whereas we all know there is more likely in excess of 20m ounces
therefore the 25% will be worth at least 4 times the 5% price
and then x 5 again ( as 25% is 5 times 5% )
this scenario is a really murky cloak and daggers play
between GGP and NC ..
please dont think the awaited 5% is 5% of the final value
its a fair market valuation ..
not a car that the dealer needs to make a profit on ..
I get what you mean that there has to be something in it for NC
but posters on here are quoting valuations sub $300m ..
thats a big difference in valuation
$1.157bn - $300m is a massive profit to NC ,,
I think there is little doubt that just about everyone and their dog
can see that there is 20m ounces of gold at Havieron .. therefore
gold per ounce = $1800
aisc on <5m ounces = $643
therefore, gold in the ground = $1,157 per ounce
20m x $1,157 = $23.14bn
x 5% = $1.157bn
why would GGP accept anything less that $1.157bn for 5% of that asset
clearly you have no interest in investing in GGP ..
why are you bothering to that the time posting on here ..
nothing else to do ..
or hoping you negativity may drag the SP down so you can invest cheaper ..
sorry pal .. you have missed the boat ..