Member Info for SpadesAspade

Redleader1 - Using your figures, why would your first 10 mill oz & your second 10 mill oz be worth 14.4p, but your third 10 mill oz only be worth 6.51p. Can you explain please.

It doesn't apply to Arnold either, because that little man has none to sell

Dont get Mugged by the MM's playing their games, giving the impression that the SP is falling. Everyday this week they have tried their best to convince shareholders to sell by unscupulous tactics that they play.
Artificially Drop the SP to make you think the SP is going down.
Widen the spread so they can report buys as sells.
Put through blocks of sells with the odd buy to make you panic.
Not showing Big buys until well after the event, ie the 8.5 million trade.
Put through all the larger sells of 500,000 as soon as they are executed.

They are just trying to pull the wool over everyones eyes, because they are desperate for shares.
They know what is just around the corner, and want to capitalise on it at your expence.

I posted this yesterday afternoon and my BUY has still not been put through. 1.45 million @ 7.26p £105k
I have been doing dummy buys & sells two to three times a day for the last two weeks, and I can tell you that on every occasion they would have bought all my stock off me but only a couple of times would they have sold me over a million.
All this talk about "It must be Bettham selling" when they see a sell of 500,00 & above ic complete tosh. I even read today "Oh it must be Beetham buying" the 8.5 million that went through earlier. Make your minds up fellas.
So like Beetham said on Sunday, I will repeat today.
"Dont get Mugged off"
ATB
sAs

Hey Mercedesman - WAKEY WAKEY its only Wednesday. PMSL

Whats all this whinging about Mr Beetham selling some of his shares. Whoo gives a flying F**K about it, certainly not me.
As they say, for every "SELL" there`s a "BUY".
If he is selling, then in my opinion that can only be good. It means investors are now supporting the SP at a much higher price. I dont get it, when people on here post ****e about what an investor is doing, wether that is selling or buying. It is their prerogative. They are only doing what they see fit as im sure everyone else does. If you truly think that what someone says & does on this BB influences the SP then your in dreamland.
I like anyone else on here does what I feel is the best for me & my family. Sometimes I get it right, sometimes I get it wrong but at least I live with the convictions of my actions & not try to blame this or that for things not going to plan everytime.
Three weeks ago I had a bit of a wobble & sold 3.2 million of my ggp shares because I was worried that once the USA got the covid-19 in big numbers, that the SP would retrace back into the 2`s. Now three weeks later after I see much of the markets calming down I have decided to buy back the £105k worth of stock I originally sold. If I had been braver then the shares I sold would have been worth another £125k. Do I balame Beetham or anyone else. The answer is No.
And I know some on here will take umbridge to all this but my buy at 14-28 today has not shown up yet, but it will.
All the best to everyone on here, but please lets have a little bit more integrity rather than blame.
sAs

I don’t know about the state of affairs concerning 88e. But UKOG I do know about. That is deffo a dead duck as far as I’m concerned.

Just seen on BBC News that Coronavirus infections in Oz is getting smaller.
Great news for all miners especially Newcrest, so hopefully no interuptions to testing Havieron.
sAs

The way the pound has fallen against the US dollor in recent days ,means that "if" Newcrest does buy Havieron from GGP then surely we as shareholders will get more bang for our buck, as they say. I would suggest that if a deal did get accepted by GH then payment would be in US Dollars & not GBP thus if the £ pound falls lower against the $ Dollar we would be quids in once converted back into pounds.

Dimvestor - your trade does show up. I dont know why you say no update of shares for over 2 hrs.
Anyone wanting to access the trades for free then just download Vox Markets to your mobile or Tablet. Its FREE and shows all trades going through live., and you can go back days if you like checking trades not like LSE were it only shows one page of trades unless you want to pay for their L2 services. No doubt they will take this post down. GL to all.
sAs

Jammy - I`ve got a grip, fist clenched very tightly indeed around my tickets.
Forgot to mention, at 11-16 this morning the mid price was at 3.15p & was offered 3.2p to sell so took a screen shot just to back up what i`ve been saying for weeks, that most of the figures being reported as sells are actually buys. Dont be fooled by the reports and as Donald would say "Fake News"
sAs

Ive been doing dummy buys for over 3.7 million shares every half an hour every day for the last 7 days & everytime they would have taken the lot off me. That is why I am holding on to my golden tickets. I`ve almost panicked & sold twice, especially when it got very close to my buying price, but as long as they will take the lot in one go, that has given me the confidence to hold.
sAs

Antigua18, the only colour im seeing a lot of today is green. Its all the ********s i`ve put into the filter bin over the last couple of months suddenly appearing with their "Told you so" Bull ****e. Another one just gone in the bin is our "The end is nigh" arnieibb. Good riddance Arnie
You wont be back

If you want latest trades then download Vox Markets to your phone or tablet. Its free & gives you live (not 15 mins delay) trades all day every day

Bloody L Chippy, were did you get your crystal ball from. I`ve Searched all over for one & along with pasta & Bog Rolls I cant seem to find one on the shelves anywhere. :-)

Loads of trades showing on Vox Markets, last reported trade was at 13:57 at 4.39p

Exactly

The problem for anyone holding a significant amount of stock, ie over 7 million shares, is that it is too risky to try & sell all of your stock at lets say 5.6p & then buy back in again lower. If I could buy a crystal ball down at Tesco`s that would predict as & when we were at the point upon were the SP started to go down then of course we would all sell & then buy in once we knew it had turned again. But unfortunately unless your timing was absolutely perfect, we cant know where the top & bottom of a days trade is going to be. Thats why the MM`s play these games, to keep us all guesing.
If you have 1 million shares, then trading them can be done because to sell & buy back a million does not seem to be a problem on most days. But like I said, trying to sell a large holding is difficult, because first of all you will not be able to sell them all in one trade & definately not be able to buy them back as quick. It could take you several days to buy your shares back & in much smaller tranches, & the price you end up paying for them could be significantly greater than what you sold them for. So for investors with a large number of ggp shares, they tend to not trade them. And yes this is from experience & yes the daily up`s & down`s on my spreadsheet usually varies between £15k - £45k per day difference.
I thought when I first got into share dealing that it would be easy to trade large amounts but after years at it you are better sitting on your hands if you believe in the company you are invested in because the saying "Good things happen to those that wait" is definately true in this instance. Good luck to whatever your strategy is, its your money at the end of the day.
sAs

I didnt realise we had so many City supporters here. Half time now boys, time for a team talk. : )

Hence, the A$65mln spend from Newcrest and the commitment to put a definitive resource number around the project by the end of the year.

“In our view these results and Newcrest Mining’s level of ongoing commitment are indicative of a project that is going to get developed,” says Numis.,

“We retain the view that Greatland Gold is one of the most exciting exploration projects globally.”

And it’s not just that the intercepts at Havieron are long, rich and frequent, as Greatland’s chief executive Gervaise Heddle explains.

“Within the very broad intervals - sometimes hundreds of metres of gold and copper mineralisation - we often have significant twenty-to-thirty metre intervals of higher grade mineralisation,” he says.

“That’s good because it gives Newcrest a lot more options. High grade like that can boost the economics and lead to improved confidence in the economics in terms of the payback time, which is often of crucial importance in the early stages of a project.”

It all adds up to what Heddle calls “robust levels of confidence” around the project. Will a development decision eventually get taken? – no one can say with certainty either way at the moment. But all the signs are good: the mineralisation keeps on coming as fast as Newcrest keeps on drilling, and you can’t ask for more than that.

In the meantime, not content with all that, Greatland is heading into the wider Paterson Range area in which Haveiron is located to see if it can find a second project of equal significance?

What are the chances of one junior company landing two projects on such a scale? Small, in a way, just as they are for a company to land only one project, and it’s always possible that if there is a second Havieron in the Paterson it might be on Rio Tinto’s ground or someone else’s.

But Greatland itself has got a large footprint in the region and it’s got a track record of success. The company has identified several high priority targets at Scallywag, an area only a short drive from Havieron, and preliminary work at Goliath is showing similar geophysical and geochemical signatures to those seen in the early work at Havieron.

There’s money in the bank, and more likely to come in from warrants, so Greatland has got the wherewithal to be getting busy. And that in turn means the newsflow is likely to come in thick and fast year this year, both from Newcrest’s regular quarterly updates, and from Greatland’s own drilling programmes.

“We’re in a strong position,” says Heddle, “We have all the key elements in place and now is the time to really push forward and build upon the momentum we have created over the past few years.”

All the key ingredients for success are falling into place. It now remains to be seen what the rest of 2020 brings.

Evening All, I dont know if this has been posted before, but it does make for an interesting read. Especially for the blind mice on here who dont seem to know exactly what they have bought into.

Alastair Ford
1Fri 14 Feb 2020

Who says it’s hard to make money in the mining industry?
Shares in Greatland Gold Ltd (LON:GGP) have more than tripled in value since December, following more extremely encouraging news from the ongoing drill campaign at Havieron in Western Australia. And for those who haven’t quite caught up yet – and there can’t be many – this isn’t the familiar pattern of a junior explorer that was once worth close to nothing now being worth just slightly more than nothing.

No, Greatland Gold is now capitalised at a handsome £200mln on the Aim market of the London stock exchange, up more than fifty-fold on where it was five years ago. That’s right, the shares have risen by 50 times, and according to some City analysts there could be more to come.

After all, Greatland’s partner at Havieron, the Australian gold champion Newcrest Mining Ltd (ASX:NCM), is drilling the ground hell for leather, with between 20,000 and 30,000 metres planned over the next two quarters. Most junior miners can only dream of exploration taking place with such intensity, but Greatland Gold has got it going on in spades.

Already, the dimensions of Havieron are becoming clearer. As currently identified, the main mineralised body looks to be around 450 metres long by around 150 metres wide and around 600 metres vertical. That works out at more than 100mln tonnes of mineralised rock and, although there is no specific resource number yet available, even a conservative grade would put the deposit at more than four million ounces.

Broker Numis, which has just upgraded its price target for Greatland as the shares have shot past the previous number, reckons there could be upwards of five and a half million ounces at Havieron, and that’s before taking into account as yet unexplored areas to the northwest which are thought to contain significant further mineralisation.

All told, it’s no wonder Newcrest is pushing ahead so energetically at Havieron, and it’s no wonder that investors are at last beginning to show interest in the story. But there’s plenty more to come.

“The market is just waking up,” said Numis from commentary a couple of days ago.

“Whilst the shares have performed strongly and are up 60% in the year-to-date, we believe that this is just the market beginning to catch up with the very positive drill results generated over the past 12 months.”

Among the drill results that Numis highlighted were 136 metres at 2.9 grams per tonne gold and 0.6% copper, and 73 metres at 3.2 grams gold and 0.67% copper. These are indeed nice results, but they are by no means exceptional at Havieron – in fact, allowing for the idiosyncrasies of individual drill holes, they are much closer to being the norm than they are to being outliers.