Member Info for Sanboy

Looking tasty at the moment. $1,800 breakout target in the short term. Good news for us :)

San

Even a blind squirrel finds a nut once in a while!

Cheers TMT. Excellent response.

Bought back into this after selling all at 4.80. Im surprised at how low the Market Cap is based on the demand and monthly test kit figures being detailed. I expect this to surge significantly in preparation for interim results. I checked on the company website and last interim figures were issued in June, is this still applicable under the current extraordinary measures we find ourselves in?
San

Is that not price sensitive news and as such distributed information via company RNS?

Assume Gervaise will issue an RNS for this?

TMT rather than boring, sounds like you have a sound investment head on :). Either way am excited to see further detail on this

San

TMT very true it could be to short the stock, but based on all the news to come i imagine its to purchase stock. Slight Ramp by me on that :)

This is extremely positive and very surprised the market hasn't picked up on it. They will be actively providing detail on GGP and pushing investors to purchase the stock.

Checked their website. They have had some Sizeable transactions

San

60p seems a stretch to be honest. I would say that MRE and any Scally positive drilling will get us to 20-24p range . That's based on 10M-15m oz and exceptional drill results on Scally. As Stuart said i think the MRE will be conservative, but hoping that the market will pick up on the conservative estimate and raise against an expected higher resource amount in the ground. In all honesty my sell price is 20p, so once that hits i will sell 90% of my holding as that is sufficient to get me closer to retirement :)
GLA
San

The changes in value the more they find. They put an offer in at MRE stage, halting the JV, the offer will be lower than if they get to stage 4. By stage 4 and beyond they will know how much is down there and hopefully the Gold Price will be higher than it is now (According to futures). This means 30% is going to cost them a lot more further they go

San

Agree the deal was excellent for a junior explorer. However, would be interested to know peoples take on the risk that Newcrest may shoot themselves in the foot only buying Hav. Buying 30% of Hav will give GGP a substantial amount of money in the bank to drill Scally. If Scally becomes another massive hit then negotiations are going to be a lot harder with GGP, who will have the luxury to refuse offers that don't feel acceptable.

San.

Kempey i think that we will be in a better position with Scallywag and i hope that the terms are much better when it comes to negotiation. 70% for 65 million would be disappointing

San

Welsh an excellent post and agree with all that you have said, including being a lurker :) . Its refreshing to see a BOD that has a clear understanding of their objectives and the strategy to get there. I have yet to see an AIM BOD work as well for shareholder value and i have been in numerous AIM shares. What i tend to find is that research can get you so far, but the most important driver for investing in a share is assessment of the BOD. Do they have a clear strategy to increase shareholder Value? Do they understand what they want the company to look like in 2/510 years time? Do they have a clear strategy to get there? The most important of them all is, are they Trustworthy? Is the information provided accurate, clear and open?

San

Sorry that should mean share price not average :)

RTC i feel your pain. My average went from 1.82p to 0.65p (Maybe lower). Currently sat on a lot more shares at an average of 3.20p. I have top sliced a handful of times to buy into other shares to gain more capital to buy more GGP shares. Im not sure some investors are aware of how big this share will be.

San

People seem to want things now. I want a new TV, i cant afford it, so i will get a loan out rather than save up. I invested in GGP and i want to multibag now, now, now, rather than wait 2 years to potentially have a life changing sum in my bank. Its painful to watch

San

Have i missed something? Can somebody let me know whether the following has happened

- Newcrest halted JV
- Gold Price Collapsed
-GH been sacked for fraud
-Placing announced
-Poor drill results
- Civil war broken out in Australia

Nothing has changed, so stop panicking and be patient.

San

The share will remain in the trading zone between 8 and 9p until we get closer to "scheduled" news (next set of Hav drill results). However, news could drop at anytime so could break that trend.

San