Member Info for strudel

Just a thought. If the extreme NW holes are on the line of the new road to Telfer could this be the foundations for a suspension bridge - allowing the block caving to continue unhindered and create a 2km deep cavity below linking Barbarossa and bits of Blackhills?

......OK, enough of that scurrilous rumour.

@Paddy

Scallywag extreme NW the activity at the bend in the road is where I think they had a rig on the 5th Aug (radar image). Seems to be playing out like the other hole in this un-named no target area. Drill a hole and then stay for a long time with more and more disturbance on the surface. Do we know what the cover material depth is in this area? They've been busy for a more than a month.

If this is the confession spot:
Forgive me true GGP holders, for I have sinned.

I inadvertently had a historic sell still set for 26.2p in a SIPP that duly triggered this morning.

I hope your derision at strudel being a trader (traditionally my attempts at such short term manoeuvres have ended badly) are tempered by my update to that confession:

I spotted the boo-boo at lunchtime and I bought the whole lot (and more) back at 24.7p. Put me back to LTH status please.....

Think this is what happens when you hold GGP across multiple brokers and multiple SIPPs, ISAs and trading accounts.

Doom, gloom and woe, and some wailing thrown in for good measure.

Not exactly a Joys of Spring themed update there.

Cheers Paddy

Trying to work out if Scallywag's far flung north west activity, at un-named locations, is related to plans for the road route.

Those sand dunes must be hell to cross if Bottle Rocket's yellow line is anything to go by....

Hi BottleR

Do you have a link to the original picture. Have tried to find it on the Ozzie mining dept website but failed miserably.

Tnx

It's a dodgy link heaving with iffy attachments keen on infecting your technology. Avoid or catch the plague.....

It did involve a strange yellow disc - but very oddly it had dirty brown fluffy bits billowing around at ankle level..... I presumed they meant potential dust storms.

Scotland has its challenges - I was rummaging around Sentinel and was flicking through the back catalogue of HAV images and had a gazillion to choose from over the weeks, all cloudless. Then I went off for an idle Sentinel meander around a scenic corner of Scotland I need to have another holiday in and had to go back months to find a clear day in June. Weeks and weeks and weeks of 100% cloud cover.

Please put the date in your diaries and spend five minutes away from a week of watching every twitch in the live share price.

Early (ish) morning we should get a daylight image from Sentinel, and although captured at a similar time the radar/nocturnal should be available late 22nd or during the 23rd.

If they are proving HAV's depth then there won't be much new - maybe a rig or two at a different pre-existing hole. Scallywag should be interesting - with two rigs we are bound to be at new points of interest. The potential curiosity will be whether they are making holes at unnamed / non-target spots.

And we should be able to see from the radar if the neighbours have actually got any kit out in the field rather than trying to peer at subtle changes from daylight satellite images.

Forecast is for mid-30Cs temperatures all week and I think a couple of windy sandstorm-y days.... not too sure of the symbol used on the Ozzie weather forecast site I was looking at, so I am guessing. I've never seen that particular symbol ever used in a Scottish weather forecast.....

Spent the week shuffling GGP shares around between SIPPs and from trading accounts to ISAs. So using cash held in accounts or selling dullards of shares to buy GGP holdings where I wanted them to be and then going to the old account and, well, ho hum, that's where this got tricky....

I spent all week just unable to ever click Sell....

By mid-afternoon I was thinking Oops as price fell.

Just drove home and decided to catch up on closing prices and have moved my mood to "Ah!". Hope all that price action was after the bell cos some of my automated sells around 26p now dont look greedy enough!

The return of the share buy back. £49k spent out of the billion planned. Was that pounds or dollars? This will be my first last and only update on the buybacks...... And the currency is fairly academic. The floor will be £2.50 to £2.80 ish for this share for the forseeable. Something for the less racey part of your portfolio?

Artemis, practising nearology, released a map of planned drill locations a good few weeks ago. There has been absolutely zero activity on their tenement to date visible by satellite. At the time they remarked that the dunes may make some of their planned locations impossible to reach. I guess bridges / cuttings to get through the dunes are expensive.

Hopefully they do drill the one to the north of HAV that is right on the tenement boundary. It would tie in nicely with Newcrest activity half way between that and HAV that happened last Oct / Nov. It's already mid-September so if they don't get started soon they are going to not be starting at all in 2020 with summer temperatures rising.

Jet47, the UK mortgage market sorted out daily interest calculations at least fifteen or twenty years ago...... Courtesy of an Oz bank owning a UK bank - I think - and basically pointing out how their mortgages saved the home buyer gazillions over the course of a typical 25 year term.

The other UK banks had to get off their gravy train and compete in the mortgage market fairly pronto. You have to wonder why the regulator didn't ask pertinent questions on the consumers behalf in the preceding years/decades.

Hi Bamps,

I wasn't thinking of structural integrity of the rocks beneath the road.

I'm more worried they put 200m wide road infrastructure right over the top of a heap of gold ore that we would want to mine and create the most enormous hole in the ground. Hence the need to double check the ground below is worthless. I think they call it sterilisation drilling - since I know nothing about mining I could be wrong.

Hi Paddy, was telling myself during the drive into work that no new HAV holes meant they are proving depths, or trying to find the bottom edges.

Now at work but will try a wee peek at the far flung NW - it was previously very odd indeed. Never checked the proposed ore road route to Telfer - could they be sterilisation drilling for the road?

More tea I think...... Drown daft ideas.....

Elsie / Elise, sorry, dyslexic before my first morning cuppa......
Can't read or type.
Shouldn't really trade shares in this state either.

I was mortgage, credit card and car loan debt free at 5.7p. Did I sell? Nope, not a bean. Highest interest rate is 2.5% and I have enough non-GGP stock market investments that meant I didn't need a mortgage, credit card or car loan from the outset.

It's easy to make £10k if you have £100k. Very tricky if you have zero.

Do the arithmetic Elsie and if you can't sleep at night sell a decent lump to pay off a chunk of the mortgage, or put it into a less risky ETF that pays a dividend - you need a fraction over your mortgage rate to make that worthwhile.

Meanwhile back at GGP I'm making a life transforming amount for the next couple of generations of my family. I waited 30yrs to be this lucky once.....

Paddy, Have a look at 5th Aug Sentinal radar / nocturnal image. There was activity just north of the bend in the road - your cluster of four locations in the far flung West happened after that. Very weird indeed.....

Jeecay, guide dog should be christened Jalog....

Just-a-lump-of-granite.

More conservative approach.

While you are rummaging have a look at the radar image from Sentinel 5th Aug. Think there was activity in the far flung West at "SCAL000", just north of a bend in the road. Haven't been able to match it up to any daylight image activity yet.

This was possibly the first of two drill locations, strangely nowhere near any named targets.