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Hi All. "Thinking of investing (not gambling)" is a more accurate description. Buy then hold, the hard bit is knowing when to sell. ATB Speedy
Hi SAS. Thanks for posting. I think it is crazy that the POG is near ATHs yet explorers are finding it almost impossible to arrange finance. With miners being avoided like the plague and PM ETFs being emptied at a fair old pace. All that complacency and gold/silver not on the investment radar. It will only take a very small 1% of investors to enter the PMs space to see the sector take off.
I am of the opinion that 2024 will see that happen. ATB Speedy
Hi All. With an expected 200000ton surplus supply in 2024 and a drop of in EV demand it looks as though i will have to wait a bit longer for my 1p, unless our gold finds are monetized. Still holding and not selling. ATB Speedy
Hi Gloucester10. If you like digital "coins" you should take a look at Kinesis, at least it is backed by something. ATB Speedy
Hi Ace. Maybe it has something to do with visible jet streams, just a guess. ATB Speedy
Hi Doublehun. Tis music to my ears. What he says is almost illegible to most folk. In short, he is saying the USA $ is toast and gold will shine. Get your Britts while you can. ATB Speedy
Hi Star bright or any one else brave enough. Would you be kind enough to do a valuation calculation for the benefit of us all. Including all taxes ETC. I would really appreciate a calculation based on POG up to $3000/oz and 20 million ozs and using the existing decline for 3 mill ton/yr and a further extraction method for the block cave giving a further 5miill ton/yr. This is a big ask but it would show the future potential. This request recognizes the use of unknows in the calcs so it is really just for showing what may be possible. ATB Speedy
HI MH01. Thank you for your response, i think it is very important to keep posting about the (without ramping/ outrageous speculation) profitability of Hav if only to keep new investors informed. Be interesting to delve a little deeper to see thoughts on 5 years down the line with Bulk cave mining, higher production and much higher POG. ATB Speedy
Hi Gothedistance. It would be great if some competent person would do definitive spread sheet showing present FMV and future expectations. Not an easy task. ATB Speedy
Hi NGC. Told you all it was complicated. ATB Speedy
Hi Everyonesawinner. Told all it was complicated. ATB Speedy
Hi. tw gardner. Your figs are correct for skint explorers trying to sell a small to med find. GGP are in a different league with funding in place and a mine half built. ATB Speedy
Hi Jerry. Not sure about Tigs calculator, but mine needs more space for the zeros. ATB Speedy
Hi Tig. £250/ head at the Stag would see most attendees diving head first into the river in a inebriated state of euphoria, bring it on.
As for your valuations, as you say it is difficult to come to an accurate amount without a quantum computer to do the calcs. I gave up trying after several attempts and am content in my believe that it will be much much higher than todays dismal SP. ATB Speedy
Hi Banksy. Hard question to answer. Investing in this space is linked to risk appetite. High risk takers invest in exploration cos. Med risk takers invest in juniors and low risk in majors. We are somewhere between exploration and junior. Soon we will be privy to news that could change that to producing junior. What is your risk level? If you are investing with spare cash that you can afford to lose, set your exit price at a level that you have chosen due to your own research and stick to it. Good luck. ATB Speedy
Hi All. Collectively over 11million shares have been added on loan in the last few days. These shorters are very resilient and will continue to try and drive the SP lower. Only the very brave or extremely stupid would short GGP at this stage. The risk reward is leaning towards the long side. We will have to hang in there an wait just a little longer for a significant rise. ATB Speedy
Hi Zoros. Good morning to you and i hope you are well.
You ask "why the shorts have stopped at circa 8p?"
They want it as low as poss to max returns on their gamble and achieved 5.76p back last Oct after adding 18million to the stock available to short. By he end of Oct the position had been reduced by over 20million giving the shorts a profit and the SP started to rise.
They can and will continue to dick about with the SP until the risk is too great. At the moment it seems as the market has decided that any buy at or under 8p is too good an opportunity to miss.
I hope that answers your question. ATB Speedy
Hi Zoros. 1% of stock shorted is,as you say, small. 1% of stock in issue traded in an illiquid market is substantial and seasoned traders can make a huge difference with well timed sells. There are other factors to consider but to think the shorts are irrelevant is misguided. You also state a reason for the low SP is "we have no gold", that is also wrong, we do have a massive amount of gold and it is priced as "in ground" and the nearer we get to production the higher that in ground price is calculated. Royalty streamers would not be in business otherwise. ATB Speedy
Hi Tig. Stansbury just want you to pay for a tip. Most cos they recommend are paid for advertising. Better off keeping hold of your GGP stock or buying some Brits, obviously. ATB Speedy
Hi MH01. SP or FMV are two completely different items. Please contemplate on what you have just posted. There is no chance of Newmont getting GGP for £500mil. What i am suggesting is FMV for Hav not GGP . ATB Speedy