Member Info for TakingMyTime

My son started work at 16, stayed at home, treated us with respect so we were glad to have him, didn't party, do drugs or hang out in pubs, didn't buy flash cars, saved everything he earned, and bought a house at 25 with more than 50% deposit when he got married.

Houses are affordable for those who organise their life to be able to afford them.

Spratt, value for Scally is not priced in, but the plan to drill certainly is, and the start of drilling likewise almost certainly.

Most brokers seem to have this from time to time.

@TomE "Thank you for agreeing with me"

Let's hold it in reserve to balance out the next time we don't agree on something, shall we? Because it will happen, LOL.

ATB to you.

@TomE, I think you are correct that a "Drilling started at Scally" will have little impact on the SP. Everyone who has done any research knows it is coming.

One other thing that could drive this forward is simply a big institutional buyer, the way the Sprott ETF drove it forward.

I suggest you direct some of that outrage towards government policies that have led to housing shortages. Builders can only charge what the market will bear, if there weren't shortages, prices would be lower.

Pretty pathetic headline from Alliance News, "Persimmon Slashes Payout 80%". How about "Persimmon Partially Reinstates Dividend"? Seeing as it had been cut to zero previously.

Pretty happy with the results overall. Margin down slightly but still above 30%. Restarting the divi, and almost promising there will be another one coming, is likely to boost the SP.

It's what I would do if I were a fund manager considering making a big play on NCM or GGP.

It's also what I would do even more if I were Barrick or Rio or Newmont and considering trying to take out one or both companies. There's enough rumours about Hav to be trying to pick up clues to information before it is released.

@Schlemiel
The warrants and options combined make up about 8%. Not all of the options are vested yet.

Warrants alone are about 2.5%. Of course, probably not all will be sold when exercised, but some will, undoubtedly.

The shares due to Pacific Trends Resources upon decision to mine at Hav are 145 million, around 4%.

My view is that NCM is a massive company and don't need a few quid from a bridge like this to be able to buy GGP or Hav. They'll have the money they need, or be able to finance it easily. I think we're more likely to get a generous offer if they are in need of the ore and it's easier to get it done faster if they own it 100%, than if they aren't in a hurry for it. An Antipa deal is not likely to matter much to GGP but if it does it is more likely to be a negative impact.

That said, I've been tempted to put something on Antipa as well.

@iTradeShares
I've had similar thoughts. Not that I think cashflow is going to be an issue for NCM, but simply that even a relatively small resource on Antipa land under minimal cover could be a nice bridge before Hav starts to produce. Not sure that it really helps GGP in any way, though.

Yes, I wouldn't be surprised if there's a drop tomorrow even with good news.

That said, part of today's was no doubt because of the upgrade by Davy.

@Spratt, sure, that's possible. But doesn't seem very likely given the SP movement that we've seen that there's any significant accumulation going on. I guess, though, we'll find out.

Spratt, if it had been an II purchasing the whole thing, we'd see another RNS. He might have sold part of it to a single II buyer, but it's less than 3%, unless they are still adding and so haven't reported yet. If that were the case, though, I think we'd have been seeing price increases.

Or, he's the one who has been exercising his warrants.

I've been suspecting for a while, might have even said so here, that we had a big seller or sellers drip feeding into the market, taking profit gradually so as not to spook the market. Remember when we were at 12p every single day and some were blaming the MMs? Seems highly likely it was him.

Anyway, done now. Onward and upward.

"I'm not one for little spats on b.b's ."
I didn't realise we were spatting. I thought you asked a question and that Dodge had already clearly answered it, so I was pointing you to his answer. Normal b.b. info-sharing. Whatever.

@B1ll "Hi Dodge.....could I just ask you what was the "lesson to us all" you speak about?"

Here's what Dodge said:
"My point, however, is a simple one. Make your own choices, do some research and until it's in an RNS, don't believe a single word that anyone says on these boards."

Seems a pretty clear lesson to me. Not sure how you missed it.

Well, that's too bad. For someone who has struck it big like that to try to take advantage of smaller shareholders to prop up the price so he can maximise his profit isn't very commendable. Someday he's going to look in his mirror and see a rich guy but he's not going to be proud of that move. I'm all for him making money and all for him taking profit whenever he wanted, that's how markets work. It's just a pity he tried to do it on the backs of people with less money than him. These things tend to come around and bite you, though.

For those who say it's good, it's not. But if it had to happen, it's good it's over. And it illustrates why it's not wise to be too heavily invested in any one place -- we're swimming with sharks when we play the markets. There's always a risk that someone is doing something that is going to hurt you, and there's no way to mitigate all risks.

But it's not hit what really matters. What really matters is how much Au and Cu there is at Hav and what we find elsewhere. Beetham bailing increases the very risk he warned about, that we get bought out at too low a price. It will take longer for the market to move this up to where the reserve would indicate it should be. Too bad, but the gold and copper are still there.

@miagi "And my final word on the subject - there are two issues in play there:
1) the "Tolling Principles" between GGP and NCM. Are there any loopholes that a well paid set of NCM lawyers, if they're even needed, can exploit? We are potentially talking many hundreds of millions at stake here."

Seems a pity it wasn’t your final word, but here’s my final word to you. It’s the responsibility of the Board of Directors to take legal advice and be sure they aren’t signing agreements with detrimental loopholes. If you think they are so incompetent that they failed to do that, don’t invest. If you want to convince others of their incompetence, provide a shred of evidence for your view.

Every company enters into large deals. If your approach to investing is that a company might not have sufficiently done its legal due diligence on any large deals, and therefore you shouldn't invest, you won't have to invest anywhere.

Good luck anyway, but I don't see any profit in discussing GGP with you anymore. You are expressing a fearful view of investing rather than a balanced weighting of risks. Exploration companies aren't for you.