Member Info for TheItalian

As far as determining what a fair value is ad therefore whether the current price is fair or too high or too low, you are not providing any actual argument so it's a clear and pointless deramp.
As a point of reference, assuming that
A) to be a palatable target for a major, any one resource that GGP has needs at least 1 mln oz, which should be more than doable, and
B) for simplicity the entire value of GGP is linked to that one resource, and
C) to be really cautious we take a $30/oz valuation
then....
a fair value is the result of the gold price (1265) * the 1mln oz resource * the $30 / the number of shares
which gives 1.29p
Now GGP tends to, in my shallow and not attentive observation, retrace only about to the 50% level, which is 1.37, so we should be, in my opinion, around a fairly safe level.
I am buying at these levels, so my money and my mouth are in sync.
Even considering that trading is not a perfect science and GGP is a high beta share and very volatile and the price is strongly event driven, we can see more upside here than downside, for example pricing the share at $40/oz and 2.5mln oz, which is again quite achievable and gives a valuation at 4.31p.
DYOR of course, I am just thinking out loud.

with 3 billion shares in issuance and a price of about 1.4p, how do you get to 22 million cap? Math suggests 42m.

@mickey, I never mentioned a few hundred quid, some trade larger tickets. Just saying.

@Prospector, I am sure that many approach AIM unprepared, and I was one of them many moons ago. However, unlike gambling, there are still fundamentals and technicals that can be studied and can help making better trading decisions. AiM has been and still is a challenge but I have done well on AIM stocks (including GGP which is my second most profitable trading destination) so I have to think there is a way to make money here. As usual, trading is the science of transferring money from the impatient to the patient, so for each loser at the game there is always a winner. GLA.

I can confirm that Italy does not pretend to have invented football. We just got a good hang of it and won more world cups than most! Just not doing well lately due to not investing in local talent... Good luck to you guys this time.

Each to their own of course, so any trading strategy is fine as long as it works. It's true though that at this stage GGP is more a speculative trading heaven rather than a buy and hold. The two are not mutually exclusive but there should be no confusion between trading the cycles and accumulating for the final payday. GLA

Percent wise, I think that 2% of resource is more or less aligned with the 6 cents per Lb that NM mentioned in one interview. My 1.7 Bln at 0.75% should then be worth almost 75p for SOLG share of ENSA.

I am thinking (or dreaming) about 1.7B at 0.75% CuEq

I suppose a fair question to ask is about where GH is happy to sell one of the assets. If he targeting a small trade but sooner, say 100-200mln, then we will look at a lower price, say 4-5, maybe 6-7.
But if GH is trying to build a larger exploration story and go for the big one, then there is a lot more work to do and that will require time.
I suspect it's the former scenario, otherwise I wouldn't understand why GH is so aggressive on RNS and social media coverage even when the news are not about sheer facts but rather about potential. I think he is looking for a first corproate event to prove he can deliver that, and then he might try to go for bigger objectives.
IMHO that is, DYOR.

Has anyone DONE.....
I promise I can spell that correctly.....

...on the other exploration companies contending the award with SOLG?

Breaker Resources for the Lake Roe gold project outside Kalgoorlie
Celsius Resources for the Opuwo cobalt project in Namibia
Xanadu Resources for the Kharmagtai copper-gold project in Mongolia
Peel Mining for its Cobar polymetallic projects in New South Wales

I will get to it myself at some point, just curious if anyone else knows much about them and where they are traded.

The only excuse that in fairness and in my view mitigates that poor delivery is that at this stage, with impending huge MRE update and majors likely breathing on NM's neck, she had most likely been briefed to not divert from the script, which in itself sounded like a bullet pointed investor pitch.
Still, she doesn't really come across as a natural and having been media trained myself, she doesn't seem to have received any media training.

That's even better actually, normally the options have to be at a higher price than that for a number of days before they can be exercised, so the 60 is probably more like a 70, or thereabouts.

As far as presenters go, I find her really bad, definitely not possessing the calm confidence that NM transmits. Thank God we are sitting on the best discovery in recent history and that will be self-explanatory to investors!

....aaaaand, at the open the 61.8% retracement was tested again and so far it held.

IMHO other than this January because of Newmont, the share price here is not entirely unpredictable. Whether this is correct or not, I think we will test the 61.8% retracement level again around 1.60 and if it doesn't hold, 1.35/1.40 is next.
If a real game changer type of news is produced, then the sky is the limit, but for now I think we cannot hope for more than 2.0/2.2.
But before January we used to hold between 1.6 and 2.0, so if we all hold perhaps we won't fall too much.
GLA, I hope this eventually reaches proper highs.

dealer, you are asking why markets go up and down as if it was weird or unexpected; that's the whoel point of markets, to go up and down based on shifting sentiment, demand and offer, and news....

so much about the earlier comments about GGP not being a volatile share. I wander how some people even make money here......not wishing to ruffle any feathers in this BB, but one has to be realistic when investing. The price went from over 2p to 0.5p in Jan and then back up in a few days lately. This is a trading share at the moment and it's very volatile. The long terms trend is upwards and the prospects are very interesting and definitely "encouraging", but the longer trend is at lower levels than where we are and right now a retracement is more than possible, if not healthy.
Like any one of you i wish this goes up to 5p and 10p and 50p etc etc, but not reading the market is pure self inflicted pain.
GLA

I suppose it's a matter of perspective. The share is very very volatile, all of a sudden we we jump to 2.2 on encouraging but still initial results. After this rally we may well see a little retracement, nothing unhealthy imho. Long term holders may well just sit back and wait, but there are trading opportunities here. GLA

Hopefully we can win the "Deal of the year" award next year!