Wentworth CEO sees both capital and dividend growth opportunities in Tanzania's Mnazi gas field Watch Now
Its alway worth re-reading RNS's as often items are missed or not fully understood particularly by newcomers to this share as well as many medium/long term holders.
But I would particularly recommend that you re-read the HL News article relating to the June 11th 2021 RNS which shows on their GGP investment summary page. NB You Don't need HL to be your Broker to view this just go onto www.hl.co.uk/shares/search/greatlandgold. Under news
It captures the delight of Gervaise Heddle as he reports the last results with particular upbeat reference to 8th consecutive set of excellent results-The extension and continuity of the crescent zone by outstanding infill results- The excellent results from step out hole HAD066 which intersected Significant Mineralisation.
It concludes with the final comment from Gervaise that these results some of which are Truly Spectacular sharpen our collective focus on the Near Term objective of a MR at Havieron and further reinforces the potential to accelerate the timetable for commercial production.
At 12.33 the GGP share price was up to 12.33p.
Straight from the horses mouth and along with the excellent work on further progress by PaddyGall and many others you can be in no doubt this should fly if further drilling/infill drilling results are as good or better. The futures very bright so hold tight as it is definately not a ramp.
Apologies to all those who are well aware of this news.
Guess this is being set up for a late friday drop before the weekend just to frustrate those who have been buying in/topping up in smallish volumes for a while today. Anyone compared the weeks buys and sells total if they can find an accurate figure just out of interest?
I don't pretend to understand all the strategies in share dealing etc- there are probably very many for differing situations.
With regards to slow filling of large buy orders we are tempted to believe the MM's are short of stock and have to wait until enough day traders or others sell in order to fill these orders. But it could be they have plenty of stock but want to keep it for the anticipated rise later in the month so they let the SP linger at a level which effectively is stagnant to help prevent any additional large volume of trades (Buys) from shareholders/Pi's as a result of them increasing the price unnecessarily which would make it even harder to fill these orders without releasing some of their reserve.
You could argue that they could try a 'tree shake' to generate panic sells and arguably take out stock losses to generates enough shares to fill these orders but in the current climate a lot of Pi's would seek to take advantage by buying more at the lower price which may outweigh the gain in shares they may get and even lead to a larger longer sustained increase in buys which could mean MM's having to dip into their reserves.
So best for them to have patience and try and fill these orders as and when without too much price movement and of course many Pi's may not recognise what is going on until the orders are filled.
But by then the MM's are happy and they can then try their tree shakes etc etc to accumulate more shares/generate large number of trades and make more money.
Really the GGP shareholders should be controlling the market with the current scanario knowing the future is so bright and secure but, of course, they do not have the advantages that AIM affords the MMS and unless Pi's are all able to afford and continually buy GGP at the same time we have to wait until news or build up to news causes this type of surge.
If MMs manage to drop the price a little from a new higher level price after good news or build up to good news they are laughing but in the current scenario they know a price increase is coming. It's all about mitigating the situation to your advantage.
I am sure that many experienced traders on here that really understands it all could shoot me down but it helps with my and hopefully others learning process.
My little sister unexpectedly has survived many years of the bad and very bad of Big C and its after effects so don't either of you give up. You never know and GGP is a lucky share so keep a few in the bottom drawer as a reserve in hope.
This is not a deramp but a question- Is SS a real life compulsive gambler who hides his losses from view until the final throw of the dice or whatever takes his fancy?. Perhaps that's why he never invested and why he needs a big bonus every year to keep afloat. It may explain why his mind could be addled so as not to distinguish between personal and business problems of that nature- It happens.
Thing is, when dealing with farthing shares a little gamble can yield very high returns if things turn on a stroke of luck even temporary and after falling the way UKOG has it still looks very attractive to many especially those who like a gamble.
It may happen and SS would end up smelling of roses and accomplishing great things even or especially without the additional worry of GAS..
Food for thought,maybe?.
Logic says that having plumbed the depths and being written off more times than we care to imagine and we are still operating ostensible debt free and on the cusp of excessive production/clear profitability, the only way forward now is up for the next couple of years at least.
It would not surprise that many of the de-rampers may change their names and re-post as future rampers after having bought back in a bit higher for their trouble but, of course, they cannot change their signature.
Onwards we go.
Hard to define but imagine if we see this through to long term production (it would be a long hard road but with experienced partners) and beyond our share would be enormous. We are not a one trick explorer either. It looks like GH bagged many of the best bits available.
Any buy out/takeover of the whole or the like would be to the detriment of long term value and to us becoming a future Major.
In the meantime we can see step up levels occurring regularly on news/plans, no doubt with a few minor hiccups along the way to the Havieron goal.
If any of the other prospects match or are just good compared with what we have then potential future value escalates further.
For me this has been a once in a lifetime investment (I never had much money) for a brilliant modest return and its still running.
BUT of course you do still take on the associated unforeseen risks when you invest even though it looks derisked.
You could well be correct using more accurate figures than me. Mine was based roughly on my porfolio value of which GGP is by far the major share- Too high really as it against a lots of advice but I won't complain if it went head over heels. But my confidence in what we have and in GH as well as the real experts on this board stands us in good stead..
We have to be happy with the current share price- The investment case has not suffered and the potential rewards from Havieron are still increasing by the day as Newcrest are doing whatever is necessary to progress to a working and profitable mine whether its increasing field camp size/facilities for the future or further deep infill drills and further exploration step out drills in newish Havieron areas just to get a 'feel' of where this could go in the next 10+ years. They will complete all that is required by the JV agreement easily and probably well before time but they have voluntarily exceeded what is required.
The share price will probably fall up to 8% from the last high of about 2 weeks ago (MMs love to drop the price if there is no sustained buying as we all know) before it rises quickly in about a week or threes time into the next news to a new level.
This has been a pattern thats mostly been followed since march this year if not longer.
An unexpected bit of good news could obviously send this up sooner to a higher level but whatever its all good.
Patience is still the name of the game.
Not too long ago it was going from .18 to .10 so i'll take from .18 to .33 since. And there will be more to come when the gamblers and A's are gone and the MMs no longer need to drop the bid at the death on behest of Brokers to help the unworthy out. Still it's a further buying opportunity tomorrow.
While we wait and contemplate- A little work titled Leisure by William Henry Davis.
What is the life if, full of care,
we have no time to stand and stare.
No time to stand beneath the boughs
and stare as long as sheep or cows.
No time to see, when woods we pass,
Where squirrels hide their nuts in grass.
No time to see, in broad daylight,
Streams full of stars, like skies at night.
No time to turn at beauty's glance,
and watch her feet, how they can dance.
No time to wait till her mouth can
enrich the smiles her eyes began.
A poor life this if full of care
We have no time to stand and stare.
It will come soon I'm sure.
Yes, I understand that option but recently a similar situation occurred with the AGM at a GB onshore oil producer and the Broker referred shareholders to the company and the company referred them to their broker. The unsatisfactory result was many small PI's not being able to access AGM etc. That may not happen in this case but I don't feel too confident at the moment.
It irks me that you have to chase such large losses here and I pray that if the current BOD does really turn this around in the next two years or so that they really mean it when they say about the objective of enhancing share holder value through profitable self financing diamond mining. They must try to look after their very loyal investors and I agree that positivity from their PR Company is a must.
BUT I also note in the Chairmans Statement that whilst he thanked many people he did not mention shareholders who have had to deal with the effects of a large value placing during the year. He really needs to set an example.
Nice to see you are still here.
No one will be going to the AGM because the RNS states as a result of Covid and travel restrictions "Shareholders, Their Proxies and Corporate Representatives are requested not to attend in person as they not be admitted to the meeting" and "Shareholders can only vote on resolutions set out by Proxy" but they don't tell you how you can vote as shareholders especially if your proxies are not allowed at the meeting. Postal voting?? perhaps. Without that explanation the BOD appear to be banning their shareholders from voting on anything relating to the company. Is this Legal?
The Board of Directors may be turning this company around but are they completely Anti-Shareholder? one asks. It reminds me of the song Where have all the large stones gone Long time ago....? I think they would prefer to be a private company not accountable to shareholders judged on some recent behavior/purported explanatations in the last 9 months.
The SHORT material Horsehill 1 intervention is/was the only thing that is happening on site- The other interventions/co-mingling etc were put on hold due to Corona Virus, I think.
As the aim was to increase flow rates from average 300BOPD by encouraging more oil into the well bore (deeper bigger perforations and bigger pump) and the resultant strong Gas flare has been observed- is it succeeding? How much would the flow rates need to increase to drastically increase the number of Oil Tankers. Would 600BOPD double the number of Oil Tankers per day. Logic says yes. We may have a problem with clean up and excessive gas but I feel sure it will be dealt with soonish if that were the case. SS is no fool and we do have to ask why is fairly significant positions being taken in this stock if it were all to be a failure. The PI's are the last to know the score/reasons.
The trolls of course seize on any perceived problem (true or false) to denigrate this share but they are wrong and the future still looks positive. Positive enough for the BOD to pursue other ventures.
leading up to the higher reaches of AIM. I wonder if it will affect the integrity of the trading market in future with more spotlight from higher levels on what is happening. Will probably be business as usual but the futures bright anyway