The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
So if Newcrest want Havieron on the cheap does Sean pick up the phone to Rio / Newmont/BHP and say “I will sign a guarantee that we will sell you 15% of Haveiron or 20% and keep 10% (or equivalent royalties ) for x amount if you succeed in a bid for Newcrest?… or is that a far stretched thought ! ?
I appreciate majority preference is to keep as much as we can as all suspect it’s huge and a lot ( like me ) happy to hold long term but sometimes we don’t get too much choice.
Apologies if I am being naive.
A bit of contrarian advise here which is why you need to make sure you get correct advise rather than listen to Non professional advisers … ( as much as I hate to have to pay fees ! ) … you should be able to move funds if necccessary to a company that offers flexible drawdown. .. you can take the 25% tax free lump sump and leave the rest invested BUT subsequent drawings will be subject to income tax( unless your overall income is below threshold ) .. the disadvantage of drawing the 25% up front is that if the funds double over the next few years then you no longer have the option to take out any funds tax free . Depends on your circumstance s and what your pot is invested in but might be better to draw a small sum … pay the appropriate tax and let the rest grow … you can the take 25%of the remaining fund tax free at any future point. But of course DYOR . Problem always seem to happen when you decide to move pension providers if the existing one cannot offer flexible drawdown and then you are virtually forced to pay for financial advise even if you know what you are doing!
I confess I don’t really understand the reason why the sp is low. Perhaps the market hasn’t reacted to todays news because they realise drilling is always a bit of a gamble and it usually takes years for a discovery to actually become a mine … but hang on a minute we have a huge discovery already , we have a positive PFS on only a fraction of a fraction of what we know is there and it’s likely to be mined within an almost unprecedented time frame to produce ongoing income so the current sp IMHO bears no relationship to our value . This surely has to change!.. Patience will ultimately be rewarded.
Would be nice if Santa to leave me something good for Xmas …I’m not convinced the market will react very quickly to any good news and the company has still got relatively long time before positive cash flow for short term traders ( but in reality the time between discovery and production is exceptionally quick ). As a holder happy to wait and expecting an ultimately substantially higher price ( happy with the £1-44 perhaps over optimistic prediction sometimes mentioned) it’s not really relevant but Xmas guess is 23 p … which makes today’s price a real bargain.. .. but I’m not v good at guessing market reaction to any news good or bad! DYOR.
Well most of us enjoyed today but it’s interesting that nothing much has changed… we all knew the PFS was going to be published “soon” based mainly on out of date information, so an announcement that the PFS is imminent isn’t really a surprise. So is the market going to be downbeat and drop the share price on publication of a low “proven” figure who knows. What we know ( or at least think we know ) is that the PFS figure is likely to show a small fraction of the real reserves which will be updated and increased every few months.The market makers might manage to drop the price again but so what ..those that have done their own research and evaluated comments from many of the long term knowledgeable holders should perhaps realise that GGP is on a path to become worth several times the current share price. If anyone was after a quick small profit then let them sell up but if you have the patience to sit tight for 2/3 years and ignore the daily share price and shenanigans that sometimes go on I am confident we will be well rewarded . The share price is not currently reflective of the potential here despite today’s rise. Those still worried that they bought in in the mid 20 S and higher still showing a paper loss and were not willing to buy lower when the opportunity occurred should still not worry ., the reason to invest really hasn’t changed. .. I would be very happy to see a continued rise past previous highs which is probably deserved but won’t be surprised to have a few dips in the road to get to the top .
Fortunately I managed to but more at lower prices after first investing here and now show a paper profit but I’m lucky to be able to accept short term paper losses as intention is to “ hold for the gold “ which isn’t seemingly that far off with Newcrest pushing forward at speed. Lots more happy days to come hopefully!
Rotherby buying 5% of ggp would give you 1/20 th interest in their 30% of Hav … ie a further 1.5 % of the mines value but their option is to buy a further 5% of Hav thus to buy the same 5% by buying ggp shares they would have to buy over 15% of ggp and that seems unlikely given the seemingly fairly limited shares on the market and the likely price rise they would occur building up that sort of amount. Not going to happen imho
What do I know? Bought in originally at 23p on basis of potential and a fairly safe share on AIM … bought more at 19p and today again at sub 16p. My opinion since first investing hasn’t changed and I feel sure I will ultimately make a good return. There is far too much potential here for the share to be valued at current prices. Clearly the market makers can currently operate and make money at this price but it isn’t IMHO anywhere near what the real worth of the company should be priced at. … happy to hold for the gold and a realistic price however long it takes!
Am I wrong in thinking that the current share price has very little to do with the real value of the company and its potential? .. it seems to me that the market makers are simply doing their best to turnover as much as possible to make money on the spread. The fact that so many investors are generally not looking to trade and are happy to wait for the day when cash flows in, and our perceived company value is realised, restricts the market makers opportunities. They don’t want to be caught hiking the price to a more realistic figure in case they find that they are faced with a large volume of sales and few buyers ( as the latter might consider it’s then priced accurately and has limited potential to soar) . Market makers are I think happy to create a sort of low volume sub market at a low price with limited risks to themselves. Like a lot of others I believe that at some point the share price will rise to more closely reflect what I see as the realities of a company that will have within a couple of years very strong income from its share in a world class mine and have the funds with the existing skill set to find other substantial resources … I’m happy to wait ! .
I don’t think existing shareholders will let anyone get away with buying the company out at large discount to what the majority of us think it’s really worth ! IMHO Ignore the current share price ( unless you wish to add more or need to sell)
Sean Day is clearly putting a team together for the future and to ensure that our current interests are protected .. I may have a small paper loss at the current share price but have few doubts that the original investment decision was correct..the fundamentals have only improved .. Would buy more if funds available!
Robbie... if you want to be a day trader then try and buy and sell on the dips and rises however there is serious potential longer term and a few pence here or there is not imho going to make any difference in the longer term. My advice if you are concerned about a paper loss is to go to sleep for 6 /12 months and then look at the price and hopefully feel happier ! You really should not be investing in an AIM gold exploration stock based overseas if you expect a smooth ride ..anything could happen as the long term holders have seen ..I think there’s still some excitement and good news to come for recent holders
I profess to have no insight into drilling for gold or mining and am grateful for the insight of others . As I said in my first post you don’t invest in AIM in an overseas exploration company without accepting higher risk and higher rewards. For anyone that read the company accounts you could have seen that it’s not unusual for them to sell so shares in the market to buy up options or take out some profit from options ( and happens in lots of companies. ..one also saw an on market purchase that is declarative by a director just prior to leaving the company which had been a great success for him .. a significant purchase but not in relation to total options . I drew my own thoughts despite some saying this “showed faith”on leaving and the lower than previous share price . I did not post my thought on this board as it wasn’t factual and more to the point is not really relevant to where the company actually is .. a bit of a seemingly unnecessary attempt to ramp but the fundamentals that made me buy into this share have not changed . There’s a discovered load of gold, and it seems likely to be mined , and they have a joint venture with a company that is capable of bringing it in . There are also other areas of interest that may or may not lead to more excitement . Don’t invest here if you cannot accept the share price may rise and fall in the short term and often for no obvious reason . If others want to sell it matters not , for those sitting on huge paper profits good luck but if you haven’t taken something out along the way you would be braver than me! Everyone has their own risk appetite and agenda and there is nothing wrong with that .
I have invested enough to accept that like many shares I could lose it all ( but seems very unlikely ..I though that with bank shares 20 years ago ) but I think it’s a fun ride here and an interesting share and I will make money if I sit tight and ignore some of the “ noise” .
Dont risk anything without doing your own research even if like me you are not into the technical side of mining operations
I don’t understand what’s driving the share price nor do I know where it will be in a few months time. If some of the lth s are selling some shares it is irrelevant to me ..there’s good rationale to top slice if standing on large paper profits . A loss is only a loss if you actually sell! Very few would invest in an overseas gold prospector if concerned about losing some money but one also knows that this sort of stock isn’t going to be boring and it has potential to rise like a rocket. Not sure who to believe on this post but there are enough seemingly very knowledgeable posters and I’ve done enough checking / research see that prospects are multiple and current indications very positive ... I’m a fairly recent holder showing a small loss but suspect in a few months may see a very decent paper profit . .. my first and probably last post as I have nothing to add to some very knowledgeable posters other than perhaps just common sense ! ?