Hani1, because most of the buying and selling currently is people trading small amounts hoping to get quick profits - they are not interested in the long term growth of company. When the next drill results arrive, it will make a difference.
GH is not going to give Scallywag away, regardless of whether NCM or GGP starts the drilling. In my mind, it make more sense if NCM does all the drilling as they have the resources close by, and GGP can conserve capital.
panama, I really don't think there's anything to be concerned about though. I may be the case that the arrangement to include Scally was partly to deter any hostile takeover attempts on GGP before Newcrest can get around to it. Whatever the outcome, you can be sure that GGP and Newcrest will come to some reasonable deal in the end. They are not the only player aware of the potential.
Mr T I might be missing something, but if someone is trading and the SP goes down as a result of a placing isn't that the time to buy and then sell if the price goes up? The actually number of shares a company has is irrelevant, even for long term investors who see placings as raising cash for the purposes of advancing the company. I think your concern is more about cash raised without fast progress - no patience I think.
des, don't you think the spread is a bit much for trading here? I have traded KAZ and CEY in the distant past, but haven't traded for a while. I just invest long term these days, but thinking about doing a bit again with some float money.
So why don't you move on Mr T, if you don't see any value here?
You talk about the nonsense on here, but you don't understand simple concepts like volatility allowing traders to make money if that's what they want to do. How about your nonsense about the number of shares in issue? What difference does that make? It's not other people that need to learn, it's you.
If you don't like the risk profile then go somewhere else, and take your ignorant mate earache with you.
oldblue, probably because most people are gambling and trying to get quick profits instead of investing, and therefore are caught out when the market goes against them - they generally loose money behaving in this way.
"a shakedown for cheap shares before news"? Is that some sort of conspiracy theory?
Mr T, I'm not even going to bother reading your whole post because it starts in such an asinine way. I got into this share at the time I felt was right. Why don't ask something else ridiculous like "why didn't you buy GGP in 2006?"
Loggy, You might be right about the a slight difference in scale of the potential. But, I think Donovan 2 is the most unknown at present - some VMS system can be very lucrative. The recent IP survey came up with a couple of interesting targets, but the it only covered the targets partially. I think UFO needs to find a way to extend the license area as a next step, followed by a larger survey. It would be nice if they could stick a couple of drills in each of the targets and BBG has said they are planning to do exactly that. There is always a concern about the ability to progress projects at the beginning and often it takes a long time. Let's see what happens once the virus situation eases.
I think most of the negativity is coming from earache IMO.
earache, why are you still here if you have sold up? Why don't you move on and take your emotional nonsense somewhere else?
"The 3.34 grade copper sample was a bit of loose rock they found at the bottom of a well. It was not in situ where they were sampling. Talk about spin!".
How about your spin? Purposely omitting facts, such as the location of the copper sample corresponding to the edge of the magnetic anomaly. If you don't understand what you are talking about then stop talking.
Loggy, don't end up like this guy losing money hand over fist. 44% loss in one hit, unbelievable.
I understand how you feel Loggy, but I have been at this more than 10 years and the one thing I have learned is that getting into the right juniors at a very early stage can make you a lot of money. There's absolutely no doubt that it is a high risk strategy and you also need to know when to cut, not based on some deramper or an uninspiring presentation. I have been invested in Greatland Gold since mid 2016, and I can tell you there was exactly the same negative sentiment from many about that company too. However, back in 2016, what I did see was quality assets being acquired, and I know most at that time did not even register the information about historic drilling at Havieron. Instead, people focused on shares being issued and trying to get quick returns.
Your point about there being no sense of urgency and Alien needing to prove they are in the right hands. Absolutely agree with that, so give them a chance. Every single concern you have voiced is identical to those expressed on the GGP board all those years ago.
Let me ask you a couple of questions Loggy. What do you think about the high grade copper samples at Donovan 2, from an old well 20 meters deep ranging from 1.5% and 3.3%? Do you know how much a large VMS copper deposit would be worth if proved up? How about the very high grade silver (one of the highest in Australia) at Elizabeth Hill and only a quarter of the known 4moz resource having been mined so far?
Now I will answer some questions. How about BBG's stated approach to exploration? He has repeatedly stated that exploration will be in small and measured steps to preserve capital, but to also add value to projects. How does BBG's approach compare to the approach GGP's Gervaise Heddle took in the early days? Well, it's exactly the same. Do you need to have a reasonable understanding of mineralisation and the associated geology? Yes, and to invest in junior explorers without that is foolish.