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Do not mix up $ and £. Pound is 1.18 against $ at the moment so 1.9 billion $ becomes £1.6 . Not quite so cheerful
Could Newcrest push through DTM & Feasibility Study to raise their game / value ahead of what will be convoluted negotiations
NCM seem to have both tried to starve the information flow and possibly keep SP low. Understandable but surely this should be seen as a major red flag on other JVs and by future potential partners. I am a great believer that value will out eventually so from NCM's position a " realistic" approach will serve them better in the long run. Meanwhile the drip, drip of good news continues. Sadly what should be a joint celebration has turned rather sour. SD seems to have risen to the occasion and deserves our appreciation
Yes, please. This share has done wonders for me and it would be very treasured. Numbers would depend on availability but count me in. Good luck all. Hopefully 2021 will be a game of two-halves and the second half all to play for.
Watch SIPPS Carefully. I am 75 on Friday and am losing £50k from my SIPP on that day due to Life Time Allowance on Pensions. I have a 40k/year annual pension which is multiplied by 25 = 1 million and my SIPP is 250k + thanks largely to GGP. Accordingly I have been assessed at 1.25 million for LTA which is over the 1.07 million LTA allowance so a charge of 25% is placed on my SIPP and taken from the fund. Please wake up to this although even if I had drawn down previously the benefits would still have been assessed. Anyone in the older category with a healthy SIPP beefed up by GGP needs professional advice to mitigate this. There are a few options if you see this coming early enough. It is NOT that I have 1,000,000 + in my pension as someone suggested but it is the way longstanding pensions are treated multiplying them by 25.
Strudel, Hi Yes I wish I had a million in my SIPP. I do not. My initial comment was that a £40k/annum pension can be valued at £1,000,000 against your Life Time Allowance. That takes up most of the Allowance leaving your SIPP subject to a charge of 55% or 25%. It was just a warning to watch out for this. Actually it is not the SIPP itself but the value attributed to other pensions and multiplied by 25! Even a small pension can knock a big hole in your LTA at that rate.
Thanks for the advice / comments. I put this up as a cautionary tale as I suspect many see SIPP as just another tax free fund. As you have rightly said it can be addressed but you need to do it at the right time. With GGP on the rise, many SIPPs will test the limit taken alongside your normal pensions. As you say a nice problem to have and a big rise in GGP will take the sting out of it
I have a company pension of 38k /year from the late 90s but have loaded my SIPP with GGP and that is worth several hundreds of k as I have been buying for several years. I am 75 next month and find that my company pension is multiplied by 25 for LTA meaning that is valued at nearly a million and my SIPP will now be charged at 25% on anything over the LTA 1,007,300 allowance. Big Tax bill looming apparently. Any other SIPP holders in the same boat. Victim of own success!
A lot of recriminations here today and apparent criticism of many posters who have done nothing but try to bring facts and insight to those of us less up to speed on mining, geology and the working of the markets. As others have said I personally have been very grateful of this support and accusations of misinformation are wide of the mark. We all ultimately decide whether and to what extent we invest and I was sorry to see what was obviously a very broad and orchestrated sell off immediately brought down vitriolic comments aimed at many of our longstanding members.
Nobody should bear the slightest guilt or responsibility for today and I hope we can now get some good news to propel us further. GLA
I picked up an article the other day which suggested that in the light of the massive money printing there was no point in taxing people and upsetting the economy. They should just print more money. Solves all the problems with ISAs, SIPP and CGT.
So why not! We can spend billions on all sorts of support schemes and that will all be printed. Go on Boris give us a break!
I have just filtered Laurenlouise for really making unhelpful naive comments. The reality is that there are many plans which need scrutiny to determine the best course of action. Plans will need to be agreed and sold to shareholders so the BODs need to be able to present credible options. This process will be led by exploration results. As has been pointed out we are just getting started but now supported by 10/10 very good drill results. Our own CEO refers to "scratching the surface" but based on knowledge to date we have a valuation supported by brokers and those with good knowledge of the mining industry.
We await the MRE soon and the general direction may start to declare itself but that is the nature of risk and reward. Anyway filter button used.
Nearly everyone is seeing POG very much higher although extent and timescales differ. For that reason I would be surprised if there was not significant corporate action over the next 6-12 months as securing assets at today's levels may seem a bargain. Obviously companies have to satisfy themselves and shareholders regarding the resource they are securing but I see the MRE as the starting gun for what could turn out to be an intense period of activity as companies most of whom have low reserves judged on a 5 year basis try to secure their supply. What happens to GGP? No idea but at our current valuation it must appear a tasty snack for the big boys once MRE ( even conservative) confirms the asset we hold.
RA certainly not singling anyone out but just a general sense we have become a little more risk aware. This is understandable as we are facing potentially life changing gains if the optimistic scenarios play out.
I think I was also aware that the de-ramping was starting to get to people and some more recent recruits may have had misgivings.
Not long until 23/7 which should fill in a few more pieces of the puzzle
All the best and GL
It seems that suddenly there is a degree of pessimism and looking for risks. This is in strong contrast to a few moths ago. Given we have a period of stagnation and de-ramping by known individuals, we do need to visit and revisit all the material from RNS, GH, Paddy, Magic and others. Our share price is well supported on known estimates and there is huge upside if the results on 23rd are fair to good. This board has always been an encouragement to me and I would urge everyone to keep the faith and not get lulled into negative territory.
We must not forget in December - 6 months ago - this was around 1.7p and now it is 12.4p. Pretty Good? I have also looked around and despite the very substantial success at Haveiron GGP are still perceived as a gold explorer " minnow" on AIM and IIs have both not woken up to it or cannot accept it as a substantial investment. All this is gradually changing but probably not before the MRE. Thanks to Paddy, Magic and others we have an inside view and know that this has huge potential. We just need to be patient and while we would all love a few "boom" days we can see how far we have come in 6 months ( something like a 6 bagger) and I for one would be delighted if the next 6 months are as good to us. GL to all
See everyone is putting up their numbers so mine are 2.6 million. LTH but elderly and would go with an early payout to ease my latter tears!
It seems to me that when Sandeep is getting all the permissions together and would start the decline tomorrow if he could, he wants to be clear on what basis such mine preparation would take place. 100% NCM, partnership with GGP etc. .? I think he will want to clear the decks and as they are able to get 70% of Hav cheap, they would mop up the remainder. Still get the whole thing for a billion or even less.
If this all comes together as we hope and the current restrictions are lifted, I for one would love to see the patch of land that has turned my life around. Clearly a long way from that yet but I would sign up for a GGP "Magical Mystery Tour " to see everything incl Telfer and all those names like Scallywag, Kraken etc. Given the funds that would be available we could ask Paddy and Magic to host this and it could be in some style. Am I crazed by the 25C temperature today or would GH or CB run with this when it all comes together. At the very least a celebration lunch in London must be a possibility with GH and CB as guests of honour
Yes, I have and.am expecting way over 20 mill oz + but will it it be possible to confirm that in a MRE in the next few months. With the prospect of 80000 metres more drilling I still feel the initial MRE may be conservative but of course I would love it if it does come straight in at 20 with the prospects to increase from there
It seems there is a hell of a lot of work to do before we fully understand Haverion. Drilling running on into next year etc. The MRE expected soon is likely to be conservative as they usually are and given expectations I just wonder what the market reaction would be to a 10 mill oz MRE. Many would be hugely disappointed and probably not understand how this will be subsequently ramped or will the market see this as the signal we have been waiting for and shoot upwards accordingly. That level of figure would hardly prime a bid and only really justify low double figures. Just a thought but any offer really needs to reflect ongoing data coming in which may well be into 2021