Member Info for Prospector

shellymarie1985, because OMI have nothing apart from one gold deposit in the middle of the Colombian forest, which will soon be owned by Newmont, and have been ripped off. OMI don't have anything else and are being bunged 2mil / annum for their trouble. In contrast Greatland has what looks like a world class discovery in one of the best mining jurisdictions in the world, and have multiple licenses and multiple targets and prospects in Paterson and Pilbara.

Clanger1969, just shows most small investors have no idea what they are doing.

GeordieShores, you are getting confused about what was discovered where and when. Firstly, the sharp rise at the end of June was in response to the visible mineralisation at Black Hills (the photos of gold nuggets) followed by excellent grades from the first Havieron hole - nothing to do with Ernest Giles. When the rest of the Havieron results came in, investors lost interest because most don't understand the significance of all results together. Now, the situation is very different. There is much more evidence of a very large deposit at Havieron, especially since world class grades have been found in a second hole and double the size of the first hole - any more good results will just add further evidence of a major discovery. Even if the next results are only half as good as the first hole, it still adds to the overall tonnage. Regarding Ernest Giles, the surface mineralization is not the kind that can be picked up with a bucket and spade and was not visible - it is trace amounts at surface. This indicates that there is likely to be a source from which it came. What Newmont did is focused on the surface footprint and directly below, but it is often the case that a deposit is offset from the surface footprint, and can be some distance away - this was evident when the Tropicana deposit was discoved. There were some interesting results from Empress and Wishbone also, but the Ernest Giles license needs a lot more time and money to locate any deposits. It's doesn't mean there is nothing there, just that it's harder to find.

Don't you think you a being a bit greedy, mickey?

38m @ 20.17 g/t lol. That's what I call spectacular.

The MM's are trying to scare you into selling by dropping the SP. Don't let them have any, and hold on for a bright future.

hold this back much longer. Looking very strong.

Gekkonls, I don't see it that way. My investment has grown almost five fold since I bought a couple of years ago. If you understood the history of GGP, you would know that it was not until recenctly that GGP had the cash to do anything serious or a good CEO to drive things forward.

TomE, well probably I should have said young and inexperienced people rather than teenagers - that would be more accurate. We might underestimate how many young people from rich families have money in the stock market, and it might not hurt them to lose money as much as it would for those who have little. Anyway, one benefit of that type of activity is that it creates liquidity in the market. If everyone researched properly, invested over longer timescales, and only bought when a stock is cheap, then the market makers would not make any money.

woody2002, I am only stating what I have learned from professional investors and what they say about the behaviour of most people trading stocks. But, you have your own view and that's fine. Your emotional response to this is telling, however.

woody2002, look at what you have just written. You are unable to understand what I posted accurately. I am not saying most people are dumb, I am saying most people are not equipped for trading and investment - just as you would not expect everybody to be good at math.

TomE Hi, I really don't agree that most people do their research. Any teenager without experience can invest from their bedroom. With your experience you must know that most people don't have the right mindset or emotional control to successfully trade, and you hear it every day about guys top slicing, buying on spikes, selling on dips, and other nonesense like that. You are also making a huge assumption in your post, in that every person who does X amount of research will derive X amount knowlege and understaning. Another thing is that the term "excellent news" is subjective. To me excellent news is being on track and confirming what we hope at the current stage of exploration. To another person, it might only apply if we get a whole batch of bonanza grades.

TomE, the reason is because most people buying on AIM don't do proper research into their investments, or are not equipped to understand in any detail. In other words they simply don't have the knowledge to judge whether an RNS is good or not. If you don't understand basic human psychology, you will misunderstand what is happening and lose. The best most people can do is follow the SP up or down like a sheep.

Excellent news.

woody2002, the geology in Yilgarn Craton greenstone is very different to Havieron and Telfer. There could easily be large resources at EG, but offset from the surface footprint, and the results from Wishbone were interesting to say the least. As I said before, the low level mineralisation doesn't always correspond to the actual source - look at how Tropicana early exploration developed. Havieron is an IOCG style of mineralisation, as are many parts of the Paterson region, and is very intensely mineralised. Most importanly, we have already found bonanza gold grades. Grades like HAD001 do not just occur in isolation or one drill hole. Furthermore, the first hole of the new campaign went much deeper and revealed a second layer of visible mineralisation underneeth - to me, that's more that just an indicator. So now we are working out the size and orientation. Next, it's Black Hills and Scallywag. You have a choice to invest now while the price is low, or later when the rest of the market catches on.

Stephen, I'm also not opposed to another small placing. But, I would think that GH has made a judgement that they have enough cash to cover current plans, and that the next placement would be done when the SP is higher. If GH is confindent that there is 10moz +, then he will be sure of a much better price next year. No harm in trying though.

TomE, the near future is relative, and would be different for each person. In terms of investment in mining, the near future for me is next year or the year after. For somebody else it might be next week or next month. I can't see much value in hoping we get an RNS next week, but where GGP is in a year or two is more important to me. I would say we are firmly on track.

"The investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage". - Benjamin Graham.

MisterPositive lol. Expert on portfolio risk management, suggests a gold junior operating in Colombia. Lol.

Just stating facts Degsey. Trading AIM stocks just doesn't work over time, and that's what all professional traders will say. We all know you can get lucky from time to time dipping in and out, but any gains are limited. Then subtract all the losses and broker fees. Real returns are had exactly as SB says.