Member Info for Sharpey

I didn't promise £6. My view is it's either ending at zero or several pounds. Hopefully £6. Of course it will go through a lot of volatility along the way and it's up to each investor whether they want to get out during that volatility.

...the hell is selling at this price??!!

By whom?

@barnetpeter wrote 20p would be a miracle. That doesn't seem right to me. That would suggest £100m valuation and therefore £10m profit a year on a 10 P/E. Hardly seems worth the investment and time for that little. Looks like either nothing or at least £2 to me. Any thoughts?

How is making £100m from each of the three mines impossible? That would justify a PE ratio of 10 and therefore £6/share. The average miner has a PE ratio of 8.94!

https://companiesmarketcap.com/gbp/mining/mining-companies-ranked-by-pe-ratio/

Sorry brain not in gear!!! But 8p to £36.90 is the same % increase as 0.08p (which it was Feb 2016) to 36.9p in Dec 2020. Both are increases of 461 times so it doesn't matter I got the decimal point wrong.

Actually went from about 8p to £36.90!

@barnetpeter - If "no one lets the small shareholders make a fortune in this type of company", how did GGP go from 8p in Feb 2016 to £36.90 in Dec 2020? Even now it's £8.30, so a 104 times increase!

By my rough calculations £6/share would value the company at £3bn. This valuation would be justified if they get up to £300m/year profits which is not impossible imo given the company has exclusive rights for two cooper and gold mines and one lithium mine.

I noticed GGP was at 8p in Feb 2016. Then got to £36.90 in Dec 2020. Still at £8.30 so quite a profit if bought at 8p!!!

What's everyone's target price? Mine is £6. I'm not greedy 🤣🤣🤣

"Furthermore, analysts expect the dividend for the current business year to increase by 300%."

https://dividendstocks.cash/dividend-profile/Fresnillo-Dividend

Views on how likely this is? Could it be announced on Tuesday morning? Current dividend is 1.6% so that would make it 4.8% which is very chunky and would suggest a big jump in share price.

That 2.6p barrier is really stubborn atm! Break that and 3p should be doable today!

Seems to be significant resistance at 2.6p.

I can't remember who tipped GSCU on here a while back. I bought a small batch on 24 October at 1.34p. They're now 2.58p and flying! Up 61% since Tuesday!!!

Thank you so much whoever you are!!!

Either this is a fantastic buy - could reach £7/8 - or Sam's a fraudster a la Allen Stanford!!! 🤣🤣🤣

Sam being interviewed.

https://www.linkedin.com/posts/andrew-scott-55a7b222_copper-silver-activity-7300420307473813506-h65i?utm_source=share&utm_medium=member_ios&rcm=ACoAABEjrcUBWCi_FtQdL2kGYEl-HRuY7ntKcmc

Quite a healthy balance sheet!

https://www.hl.co.uk/shares/shares-search-results/g/great-southern-copper-plc-ord-gbp0.01/financial-statements-and-reports

Thanks for this. Very encouraging. Do you have a link?

As my break even is £5.43 I'd be very tempted to sell at about the £10 price. What's your sell price?