Member Info for thelearner

I like all other holders hope we have success in our all of our other targets.
But logic surely says there was a reason GH/CB went for Haverion first - did this one stand out from all the others?
I'd be intrigued to know how they have prioritised the targets - we never will though.
You would also have thought a shallow target would be much more attractive for getting gold or copper out of the ground quickly for Telfer?
Haverion will need Stopping or Block Cave mining - which will take slightly longer to get into production - although was interesting seeing how NC have done the block caving in stages at Cadia.

For a rainy autumn weekend – some interesting videos to watch for investors

I posted in this video in June in here – really good video about block caving from Atlas Copco – dated 2018

https://www.youtube.com/watch?reload=9&v=PFVUqy3a6WQ

From the same company – video on sub level stopping

https://www.youtube.com/watch?v=Ruo0YrLGAwA

This is a really great short video of the history and development of Cadia by Newcrest over the years – showing how the Gold Resource figure increased over the years – we truly have a world class partner with huge experience in underground mining (I also posted this June 2020)

https://www.youtube.com/watch?v=dB77ag0Dj1w

An even better video showing underground and surface operations at Cadia – and how they have started producing the high grade ore while building the next block cave structure to move to next phase – 7 minute long video
https://www.youtube.com/watch?v=qp7bm24PDwc

Another short Newcrest video – block caving of the future – how to maxims extraction of the ore body – from 2018

https://www.youtube.com/watch?v=ePgCZ583Og4

Rio Tinto view on deep underground mining

https://www.youtube.com/watch?v=EGHfcRP-Vf8
Enjoy - I did

First to admit - only arrived here at start of Sept with limited research. And not a huge investment.
Great deal for all three parties would be my take. The 2 majors go drilling and exploring in what looks like an area with high chance of success.
OMI own 25% and on a free ride. If the 2 big boys find a lot - they will want 50% each - so OMI high chance of being bought out if they find a good amount of gold?

I am one of the GGP boys - have posted on here already though - like many wishing I had bought more - but very happy - well done to all the LTH - I am lucky - bought several weeks ago

I would never have found GGP if it was not mentioned on another chat board. Once it was tipped - I read up on the company, researched and invested. I do understand some not good shares get ramped - but I don't mind occasionally people sharing other companies they think are good bets - up to individuals to research.

Another way to see what people whose judgement you like is to click on their username and see what other boards they are participating on.

I invested on OMI - after seeing it mentioned on here - and after doing research on it. 1/10th of what I invested here - but after a few weeks 50% up - and I think more to come.

Everyone has different opinions about what should be on the board- and I respect that, but I'd rather see occasional thread with what posters think are other good shares - than guess what the share price will be at end of today - ramping posts.

But each to their own I guess.

Thanks for the updates guys - so Spy could well be correct (again) with the deep anomaly.

Topped up today around 19.75 - took my average up to 3.4. I have consistently said on here patience required to get full value for this share.
Hav has been progressed at breakneck speed by NCM - and still open and results keep surprising us in a good way.
If we get some good results at Scally targets - I don't expect the SP to go boom - we'd need more drilling to start proving up what is there. Only real thing that could happen quickly if scaly targets drill results are good is a big boy trying to buy us.

I am happy to wait - wish I had topped up between my last one at 8.5 and this one.

GLA.

Paddy - just watched GH presentation and the CDF guy's comments afterwards -recognition well deserved and delighted for you.

I liked the board when there fewer posters as it was easier to follow - but as they say success breeds success. I hope to top up tomorrow - my first since 8.5p - thought I would not put more in here - but hopefully I will - depends where the price goes in the morning.
I still think to make money from here you need to be patient - it will take time, unless of course we have stunning results from another prospect.

GLA - and thank you now only to Paddy but to the other posters who bring so much to this board.

Find it hard keeping up with this board. Cannot believe anyone has been critical of Paddy. He has given invaluable advice after hours of painstaking research to many on this board - I have found it invaluable - along with the information and advice provided by others.

Unfortunately - the ramping has been incessant, and many do not research or listen to the sound advice given by Paddy and others. This encourages many people to buy looking for a short term bag or multi bag - I have posted many times on here this share will deliver great reward but you have to be in for the long game.
Many people will have panicked and sold.

I don't have enough knowledge of how the markets and AIM in particular work - is this share price being manipulated - probably - but that's how it works - if there is a huge demand at lower prices - and the MM's can get people to sell at those low prices - they will keep the price low - and make their profits on the trades.
I am fortunate - been here a while with a low average. Have not purchased since 8.5p. I am sorely tempted now to buy more.
However it's not just GGP in turmoil - it's all the markets.
Some smart people will have sold and be buying back in - unfortunately I am not one of those - just sitting on my hands.
I also saw some seeking the GGP board to release info or put out a reassuring RNS - the financial regulations prevent them doing this - for them doing things to manipulate share price could get them in trouble. They will release news about Scally when they are good and ready.

Paddy and the other valued contributors - thank you and please continue - this board is what it is largely due to you guys.

Jerryspaniel - I cannot even remember how I found GGP - but think it was probably on the SML share chat board, from one of the posters, may have been DJRyan - who I have not seen on here for ages. Anyway - it led me to this board and the GGP website - where I researched and decided to buy shares. I think I was lucky to be led to it, I think I was smart to decide to invest, I was not so smart in not investing heavier, and not smart to stop buying at 8.5p on the rise.

But I am very very lucky - 27p is exactly 10 times my average. Unfortunately some is in a SIPP which I have 55% tax liability on. I have read if I pass that SIPP on - but it remains in my name for 2 years after I go - the lifetime allowance tax liability goes. I still have to investigate this further. Be over the moon if I can keep growing this and leave it for the family.

Schlemiel, I've already said I hope you keep posting - you bring a lot to this board.
People have to sell for many reasons, don't like to see anyone criticising any who sold, even if they were spooked by the MM's.

Until recently I was sitting on a loss of £80K on 3 shares (not GGP). One of them is a £50K loss currently - but at 27p my gain in GGP is 1000% and have more than made up those losses, and 2 out of the 3 are now in profit helping offset the other.

My mistake was not listening to warning signs stated by a minority on my £50K loss - I could have been out with a profit on this share - promised riches made me hold - and I do hope one day I'll get my stake back - but not certain.
Hindsight is great - should have sold the £20K remaining in that share and put it in here - but hey ho - nothing coming over me - and I am learning more every day.

The advice given by posters on here was excellent about what would happen towards the end of the week. But let's not be critical of anyone who was spooked and sold - because it can so easily go the other way. Here - I completely agree the fundamentals at Haverion are amazing, and there is a good chance we will find something else in our other targets, so there is plenty potential upside. I'd be delighted at 40p. However another find at one of the other targets - this could take off.

Found Mercedes excellent post. It’s very hard for many to be a wolf. I have been here. Not sold one share. Tempted many times to top slice when I think there are peaks, but have never done it, the fear of making a mistake and having to buy back higher stops me. I regret my cautiousness when I started buying GGP at 1.6. I researched, and listened to some on here, but previous bad experiences.made me cautious. However this has exceeded my targets and I ma extremely fortunate and have no complaints.
During the last couple of months I have been investing in other juniors. Possibly will also be a mistake. Should have gone here.

Mad thought for the future. If we get good results from initial drilling on new targets, we fund raise and do a large drilling programme ourselves. Then we move from being a potential take over target to a company which can merge with a major. Mad thought.

Nobody gets tax releif at 50% now - 45% is the max
https://www.gov.uk/tax-on-your-private-pension/pension-tax-relief

In a SIPP/Pension you can only take out 25% as tax free lump sum. If os course you have Defined Contribution fund - if you drawn down at under the Income tax personal allowance per annum - you can draw it down tax free. As far as I know that's the only way.

Anyone should have their shares in an ISA - all capital gains and dividends are currently tax free.

DC pension fund also carries risk, depending on how it is invested. Could be great increase - but equally could fall.

GLA with your investment. Nothing wrong wit taking a profit. I used to worry about paying the mortgage and keeping a roof over our heads - was great when it was paid off.

I have been amazed all week that a large fund would advertise in advance how many shares it is going to buy in Cpy X on a certain date - it is crazy - been reading the boards in disbelief.

Kudos to Hydro and others on here - I have no real knowledge of how the markets work - but today did not concern me - have said many times I am here for the long term max value gain. The news from hav keeps getting better. I am not building my hopes up too much for the other targets - I think we will find some things - but surely there cannot be many Haverion's in Paterson - hope I am wrong.

Monday will be interesting - but my hands will still be sore at the end of the day.

Telfer feed has slowed and is low grade - hence high AISC. Newcrest have showed underground mining can be done with low AISC. Look at Cadia for low cost block/panel caving - but the mine capital costs already covered from the older open pit. Telfer AISC will drop a lot once Haverion is feeding the mine with high grade ore.
Each discovery is different.

I have taken a small stake here - time limited so cannot research fully. GGP or CNR - I have researched.

TMT - the JV I am sure says minimum spend. None of us will ever see the full legal text of the JV. I'd guess NCM could slow down and produce a PFS - but would not be realistic as they do not have enough data - because as you say, the size of the discovery.
At the same time - if they slow down, AISC at Telfer will increase as feed slows down and grades get poorer - OPEX for Telfer will remain pretty constant. So slowing down would reduce profitability at Telfer - which is already tight. Now getting new high grade feed to Telfer will hugely increase profitability - so I think NCM will accept the increased spend.

They are still getting bargain of the century - and if I was GH I'd be telling them that - and if it is legal in terms of the agreement not parting with any cash until we are in Phase 4 - when we have to pay 20% of FS costs above $20 million.

majortennis - I am much happier if this is true - not still convinced any bonus was deserved - but if the BOD reduced salary and took ins hares instead, many LTH would be happier that they are even more in the game. But why would this not be clear in the financials.

We assume the BOD read this board - they saw the furore about the bonus - this could easily be clarified.

Also - again going off topic - I agree TSX in Toronto is the main mining index, although ASX must be pretty good too.
Condor - CNR - listed on TSX - cost a lot of money - and they to date have not really seen any gains with this.

I have one TSX listed share - Northern Superior - went there as I know a major shareholder - been though the wringer with it but looking better now - and drill in ground at one prospect, but covid holding up the drilling programme at primary prospect. Wish I was a geologist so I could understand the prospects better. https://nsuperior.com/site/assets/files/5841/northern_tpk_quebec_2020_sept_v1.pdf tempted to take small punt on one of their neighbours BLUE

Sammybow - I hope you are correct - I have kept all my holding of almost 8 million shares. 1.5p would see me turn a small profit. DVH - good to see you have a little enthusiasm. Your holding here dwarf's most other peoples.

I am finding it hard however to forgive the BOD the bonus award - if it had been shares or options and not cash I would have found that much more palatable.

Paddy, hard to see what NC would want to renegotiate in the JV agreement. Their terms are out of this world for what they will receive, even although Hav has gown beyond expectations - they will easily meet the timeframes.
I would like to know the spend they have reached - does anyone know the drilling cost per metre approximately - sure it's probably been posted here already.

Why would a large investment fund tell everyone up front that in a date in the future it was going to buy xx shares in a company? It is bound to lead to speculators driving up the price and does not make sense?
I know these types of funds need to have rules, but surely there will be flexibility for fund managers as to how to build the required position?

I remember nickel investor being derided by many on this bb just over a year ago when he was warning that sml did not have enough cash and would have to raise, and the only way was down, while we were still being spun nonesense about the major cobra client by the bod.

I am still going to hold what I have left hoping for some upward direction. But not overly optimistic. However it’s AIM and sentiment could change. Twitter posts by SML have increased greatly trying to portray great positivity