Member Info for TakingMyTime

"Agreed but do you agree it could be £4?"
LOL, great point brilliantly made.

Good move politically. And honestly, this stuff is not necessary to running an airline.

If you want something on the wall, take photos of the places you fly and buy some nice frames in bulk.

Makes one wonder how much other non-essential stuff there is going on. If you are going to be making people redundant, let's focus on making the unnecessary things and unnecessary jobs redundant first.

"plus I’d rather ask a stupid question than actually do something stupid. ?"

The person with that mindset will not only do fewer stupid things, over time he'll learn more than others and so ask fewer stupid questions.

@Landy, nice thoughts.

My father taught me about the markets, told me what he was buying and why, told me about holding through the dips if the value was still there, etc. Told me the difference between investing and trading, but that even investors can "trade" by deciding on their shares and then waiting for a dip to buy, but never worry about timing the bottom. All that stuff.

So I'd been watching him invest and going through the thought processes for ten years before I bought my first shares. It spared me a lot of that anxiety / rushed mistakes you described. I'm sure if I'd been thrown in cold it would have been exactly as you described. I was luckier than most.

@TTB "TMT, it sounds like you're waiting for some funds to clear before we continue our march northwards? (only kidding)"

LOL. I'm always such a cautious investor, and coronavirus has ruined me. I've bought things I never thought I'd buy because they were such incredible bargains. And now, even this flaky AIM gold exploration outfit.

But I really am maxed at what I'm willing to do here. It keeps derisking further, I get that, but I'm paranoid and not going in any further. Leaving money on the table, no doubt, just like I did when I was told to buy it in January and didn't.

No, nothing to do with me, I'm just watching people stressing out that the share only went up by 8% today. I thought it might go up more than that, too, when I saw the results. But it's really not surprising that it hasn't. We need some IIs to really drive it north. The longer before they come in, the more buying opportunities for people like you!

Mr1981, I got in at very close to the same price you did.

I did it because I expect the share to return to 400 or more within a couple years, and 6-700 within 4-5 years. It may take longer, it may take 10 years, but if I treble my money in 10 years, I've done really well. If it happens faster, well, I might sell and invest in something else.

But for now, nothing has changed my view that this share is likely to almost double within a couple years and treble within 5 or so. There's no reason for me to care what the share price does right now.

I care about whether the company is strong, whether the management makes good decisions, etc. If something changed that made me think the company was unlikely to survive, or unlikely to be strong again, I'd sell and get out. None of that has changed. It may take a while for things to really get going again, but I knew that when I bought it.

If you aren't ready to ride the ups and downs and stick with what you believe about a company until new evidence comes in, you shouldn't invest in shares. The markets behave bizarrely sometimes. It doesn't matter. If your shares will be worth 400 in two years, it doesn't matter whether they are worth 200 or 280 or 360 tomorrow.

Set your target price that you think it is worth. If it reaches that price, decide whether you think you might have been mistaken, and it is worth more, and if so, hold on to it. But if it reaches that price and you think that's all it is worth, sell the thing, take your profit, and look for another winner!

Good luck!

I think we all know we're waiting for more IIs to get involved if we really want this to move up to a price that better reflects the assets of the company.

Three kinds of PIs buy these shares:
1. Those who do the research, understand what's going on, and buy intending to hold until they make a lot of money. That's a lot of people taking part here but TBH there aren't that many people like that who are going to invest in AIM.
2. Those who got a tip, and just decided to buy. They don't have a clue and might sell out at any minute.
3. Traders.

For PIs to drive the price up you need a lot of that first group and there just aren't enough to really drive it forward. GGP's share of Hav is worth at least 15-18p and probably quite a bit more, but there aren't enough people who know that to drive the SP to that level.

So we're waiting for IIs to come in. It's largely the UK Small Cap funds that are going to buy this and drive it forward in the near term, and some of them aren't allowed to buy it yet, not until we're AIM 100. Others may be allowed to buy GGP already but their research team is still catching up. They have to understand it before they'll buy, and they don't understand it.

Some may have been taking small positions today. Others more likely will be looking at it over the next couple of weeks. It will only take one or two coming in like Sprott did to drive this up.

The MM can't hold it down particularly if there's sufficient buying pressure, nor would they want to. Very risky to short this right now because IIs could start coming in at any time, and if they do, a shorter will be in a world of hurt.

Gold in the ground is not gold in the bank. We're always going to do calculations of what we think the gold in the ground is worth, but the SP is likely to always be lower than that because the gold will still be in the ground. The MRE will help because it's going to give numbers that the IIs can understand, but until that comes, the SP is likely to continually lag behind.

Most of the Small Cap fund managers don't understand those drilling results and probably don't have anyone on their team who does. You can't expect them to buy if they don't know what it's about. I think that's going to take some time.

"Unions need to get off their backsides and help IAG."

Instead, they are challenging the Air Europa deal before the EC. Idiots can't seem to grasp that hurting IAG hurts them and helping IAG would help them. Never look for a win-win, always adversarial, and now they are surprised that WW is going nuclear on them.

"God knows what a PRECENT is"

Yes, I'm sure He does but there are serious questions about who on this board knows what a percent is.

"Hexy...me and you both in the Over300 club...I guess it's bread and jam for a few months :)"
Everyone who could have sold at over 300 and didn't is in the Over300 club, too. So that includes me. And I don't even care, I'm holding for a lot more than that.

"Surely if they keep drilling, finding, drilling, finding, then they'll have to make a buy out bid surely..................."

Maybe they already did and GH said, "Not enough," or "Not yet, we want to see what we have before we sell it."

Probably not a bid but there might have been feelers put out.

"it does indeed look like the remaining 80Km of drilling will take atleast a year, so we're having to wait that bit longer."
Assuming that they actually find the edges of this monster, is there any reason they have to keep drilling all the way to the 80Km? Couldn't NCM and GGP just say, "It's enough, time to start getting the stuff out of the ground?

Just because it's been agreed doesn't mean that agreement couldn't be amended if mutually beneficial.

"make yourself a few bob ( if you are a bit short of cash )"

Given Paddy's share holding, I somehow don't think "short of cash" is likely to be a problem for him by that time, LOL.

"starting to believe my own propaganda"

Given where the SP went today, that's not advisable.

" Has anyone done the maths yet for an SP calculated on $3000/oz with 10mil ozs?"
Shouldn't be hard to do. Have to assume that if the Au price is $3K it's because inflation has hit hard and that would affect AISC, too. But let's say AISC is (conservatively, I suspect) $1K with POG at $1700. If POG is $3K, AISC might be something like $1300. So value per oz might move from $700 to $1700.

Which will make your shares worth a lot more £, but then when you sell them they won't buy as much as you might think because inflation will have rocket-propelled the cost of everything you buy.

The best way to get better value is not to see a boost in the POG. The best way to get better value is to find lots and lots of lovely gold.

" This time however, we’ve been fairly flat these last few weeks, lets hope that means no traders this time round, and there will only be boomage on news!"

SP below 8 one month ago, now at 11 1/2, up over 40% since then. Two weeks ago, below 9, up over 25% since then.

I'd probably not have chosen the word "flat" to describe that, LOL.

Further.

Suppose you have 1000 oz per 1 oz of gold. That's $170. Let's say your AISC is $1000 / Au oz. Use the value of the Cu to offset some of that cost (since it's just a byproduct) and your gold is only costing you $830/oz. That's byproduct AISC.

If you are going to include the value of the copper in your calculations for the value of the mine, then you have to use coproduct AISC. By-product AISC takes the overall AISC and deducts the value of the copper from it to get the cost of producing the gold.

@MF11 "It values the resource, but unless I'm missing something, the cost of mining is not taken into consideration (and that will need to be removed before calculation of the share price)."

True. But you can just deduct AISC from the price of gold, I think. So, if you think AISC is $1000 and POG is $1700, you could just enter $700 and it should work.

And you can use it for Hav by just dividing the final amount by 4, to reflect 25% ownership.

There's been a lot of speculation about what the agreements mean for a future JV at Scal. I'm convinced it means nothing.

All it means is that someone was looking ahead and saying, "If we go to mining at Scal, it will save us time and money if we have a mining license for it, and we can do this in all one mining license. So let's do it." Presumably, that meant the ownership percentage for Scal and Hav had to be the same, so temporarily, it will be.

Once the license is granted, it will be back to the way it was. It's a temporary thing to facilitate doing the license for both at the same time. All it tells us is two things we already know. The first is that someone on the BOD has foresight. The second is that GGP has a good relationship with NCM which both value.

That doesn't mean there will be another JV for Scallywag. It tells us nothing about the future except that GGP thinks there's a reasonable chance a mining license will be needed for Scal.

I could be wrong again, of course.