Member Info for theAccountant

Hi all, I am looking to get into OEX as my next oil company after COPL (and currently BOIL too).

I endeavour to perform research on this tonight. In the meantime, I would appreciate a quick summary on OEX and expectations for the next 6 months or so.

Many thanks and good luck.

Hi Novtrad - it depends on your broker. I’ve managed to sell both my trades at .81 on both Thursday and today. You should keep refreshing to get a requote.

Good luck all.

Hi chaps - been a while since I've checked in here. I have just been reviewing the RNS released last week. We already know that Eli and Hemo have been in negotiations since January and an update is expected this week given it will be 3 months since the negotiation started. I just want to know your thoughts on what value the RNS added last week? Based on my understanding, it is knowledge we already knew.

GLA

Hi chaps, just checking in to make sure you enjoy yourselves in the sunshine tomorrow and have a break from looking at the price all day.

It will be much higher in six months time.

Stay safe.

For those wishing cut through all the irrelevant posts, I refer you to read @zoros post of the current GGP situation posted this morning at 11.35am. It is clearly the post of the day!

@PaddyGall - my thoughts exactly.

@speedymeadie - Hi, that is something I cannot answer at that stage as I still need to look into that. Not ramping another share but if you look at HZM, they are currently negotiating a finance facility with five major banks up to $365m. This should give some context that big banks will be happy to fund investment if they have a big share in return. There are many options to fund a project so we just need to determine that closer to the time dependent on many factors.

Thanks for clarifying ;-)

Glad this forum serves a purpose.

@Bully1985 - apologies. I should have clarified.

‘At the Havieron project, the company delivered its initial Mineral Resource estimate and secured $50m of development funding.’

Ps - your username suits you - clearly living up your name pal ;-)

As a chartered accountant, you always look at the discounted cash flow and the NPV as a key indicator of market value. However, this is only one of many considerations you should take into account. GGP are fully funded, have a farm in agreement, operate in a safe environment and have a strong management team. It all stacks up for me.

Ps - I am balls deep in HZM. It’s current market value is circa £118m vs £750m npv for their Araguia project which will be built in the next 2 to 3 years. This clearly shows the company is undervalued but the market does not currently agree so you just wait.

Hoping for an update on GGP this week fingers crossed.

Hi @bamps21

I see plenty of potential in this stock. I am currently performing my research but I can see a Tier 1 company with a land full of gold. Although I see this as a long term play so treat this share as a savings accountant. As Warren Buffet states 'you don't sell your house just because you've had a lower offer received for it'. Thus, keep hold on to your shares until it meets your value.

All the best.

I can step in to provide Shaun financial support if required given our mutual backgrounds ;-)

Slowly started building my stake in here.

£5 is my long term investment pot, watch out for the £1 trade ;-)

Bully1985 - I wouldn't consider myself a stereotypical accountant.

I guess the weekends give us time to research on stocks but also catch up with the most important things in life - family and health.

Glad to be on the journey with you folks and will consider topping up at some point this coming week.

All the best.

@zoros

Much appreciated, that is a lot of info to process but I am sure it will be worth it from a time (and money) perspective. I have also read into GDXJ and started following GH on Twitter.

First stop, let's hope the Scallywag results are solid and give us a nudge up north ;-)

Looking forward to Monday morning.

Great, thanks both. There is a lot of pages I have printed but needed something in one place. I will print off and analyse through for review.

Afternoon all, I have an initial investment in GGP at around 20p (without any research) given the recent dip and solid prospects for the Paterson project. I am spending my afternoon today researching on the company's prospects. Subject to my research, I will be investing further in the company.

I know we are currently active with the Paterson project, but GGP also have five other projects. Please can someone provide a quick summary on whether they are currently being pursued or are we doing it project by project?

Any useful and summarised info on their projects would be helpful. Much appreciated.

PS - the GGP website looks really professional (and a lot of data to troll through!) compared to many other companies!

Cancellation of listing
LR 5.6.19 The FCA will generally seek to cancel the listing of an issuer's equity shares or certificates representing equity securities when the issuer completes a reverse takeover.

@shaa - absolutely! Instead of the sells, look at all the buys folks.

This is a market, for each seller there is a buyer and the MMs create the market.

Talking to a fellow corporate friend, who is also an investor in COPL, we strongly believe that the deal will go ahead on Monday. In most cases, you have a deal closure meeting planned to ensure everything is ready for that day. Given the meeting will be held in the USA, I get the feeling that we will get an RNS on Monday afternoon or Tuesday morning. This is a type of deal where you attend closure meetings which have been pre-booked in advance.

Who knows - maybe they'll bring along the champagne when the papers are signed!

Enjoy your weekend ladies and gents!