Member Info for thelearner

Simms45 - I do agree with the likelihood of CNR MCAP doubling is much higher than GGP.
I thought that when I topped up CNR on 28th May at 42.25 - so I am 14% ahead there. My last purchase of GGP was 7th May.
On 28th May - GGP were at 8.6p - so have increased by 267%.
My call - I got it way wrong.
This is why recently I have taken a punt on some other junior miners to try and get a quick increase to place somewhere long term - might be a mistake - but my GGP (paper) profits have made me more relaxed about it.

Will I buy more CNR - hopefully - if the price remains around this level for a few weeks - probably. Want to reduce the amount of companies I am invested in as no time to do good research on them all. I am more than happy with my investment here - average 32.6.

GGP likely have a 30% share of a tier 1 mine - Newcrest have a 70% share of a Tier 1 mine for $65 million US - Newcrest have the deal of the century, but that JV worked for GGP as well.
GGP have other outstanding targets in the Paterson area, which when looking at survey data suggests they could have other similar finds - but just as equally they may not.

EletricLion/Gavlaaa - you may be correct about GGP - but the big difference here is that GGP at Heverion do not have a mine to build, toll mining agreement is already in place, and their 30% share of the capital cost of the exploration decline, block caving structure and transport method for getting ore to Telfer will not be huge.

Haverion MRE is still unknown, but I am expecting and hoping for 10moz, so GGP will own 3Moz - which is definitely going to be mined by the senior JV partner, Newcrest - one of the world's best block/panel caving miners. They are in a hurry to get production started.

The other big unknown with GGP is their other prospects - could be good, could be bad, but the Paterson region looks very promising and the drill is in the ground.
I therefore don't think GGP will quite fit the traditional Junior Miner turning to producer curve - but I may be wrong - and at some point I'll have to decide whether to bank some of the profits.

dvharisson - glad to see you here - some respite from SML!

ElectricLion - thanks for your thoughts - my last top up here was not long ago - another £5K when we were down around 42.5 - went a little lower than that, but even now I am in profit with that top up. I agree the future is very bright here - with amazing potential - given the licence areas many of it not really explored yet. Jim Mellon brought me here - and he is no fool and has been continually buying.

I prefer long term investments - although did not think this one would take quite so long to get to production, and although I still think being in Nicaragua carries some risk, the govt and locals are behind the mines given the prosperity and jobs it will bring.

I have made some smallish punts on junior miners - hoping for a quick return, and that may end up in here. I do not have the time to monitor and research multiple companies. I know a fair bit about GGP/CNR and unfortunately SML.

Lets hope land purchase and finance for the mine is sorted soon, and we see this share price start to trend upwards. I could sell some GGP for here, but don't think the time is right yet - doing that when GGP starts to plateau and beforee CNR starrts upward trend would be great - but GGP have the drill in the ground at Scallywag - so either good or not so good news to come! Hoping more good news. Haverion - the good news ill stop at some point, but not just yet I feel.

Schlemiel - always enjoy reading your posts, thought and advice - so glad you are still in.

Two famous saying's I am not good with
1. A profit is never a profit until money is in the bank.
2. Nobody ever went bankrupt by taking a profit.

My average here is 2.7. I started buying at 1.6 and have averaged up along the way with my last buy around 8.5. I regret not buying more on the way up - have invested in some others that have not do so well - but I wanted to spread risk.

I have not sold any here - and know I am taking a chance, but my judgement is really cannot find a more de-risked buy on AIM just now - but I could be wrong - and I still think the real gains here are long term.

I changed my 10p target to 20p. What now? I do not know - I hoped 20p by year end, we have 3 1/2 months left, Haverion results just keep getting better - is 30 realistic - probably in my opinion, and if scally results are great who knows.

Don't let the sell depress you - you stuck to your plan and made a profit - there will be many who have invested in AIM who have never had that pleasure.

Alwaysone - same here - posted same in here couple of weeks ago - made wrong move not putting more in GGP - but I am 700% up at GGP.

Not expecting same here but 200% would be nice. That would be £1 for me.

No the mining lease only covers Haverion - some ownership of other GGP blocks was temporarily transferred to NC - but will come back to GGP - to allow mining license to progress - so not exactly sure what licence covers.
Paddy will know.

Paddy - early days on Scally but great info again from you.

I think if Scally initials are good - it will have a slight positive impact on SP - but proving up a real resource and find takes a lot of drilling and time - but I can wait!

GLA

Just logged in and could not be happier reading the report and comments.
Paddygall, months ago you predicted the double horseshoe on here when nobody had even thought about it. Your work and contributions to this board are equally as stunning as theses results continue to be, and I and am sure many others thank you enormously.

I have continued and will continue to sit on my hands. Have not topped up here since about 8.5p, my caution about not putting too much in one place has been poor judgement. But I am still incredibly happy, the sp gains here will not be quick or instant, but in time will be great, and cannot imagine what will happen if we get good results from Scally.

GLA

Mercedesman - I posted a very similar question at the weekend - and gave another option

Issues shares to a drilling company in return for them doing the drilling - instead of a dilution/placing to raise cash

I like option C as well

Do I think the share price will reach 20p by next Friday - no - but really hope I am wrong.
I hope and think the next set of results will be good, but there will still be many questions to be answered - I hope we are still open at depth and to the NW - as the real determination of share price will be the initial MRE.
Other positive factor would be stunning drill results from Scally - but those won't arrive before next Friday. At the same time poor drilling results from Scally could have a negative effect.

I have never top sliced - been tempted but have resisted. Have made some more investments in Aim over last month - but have gone for more junior miners rather than GGP. Happy with what I have here and sitting on my hands.
I think Haverion is pretty much derisked.
Our other exploration targets still carry risk - I am hopeful given the area they are in and with GH/CB knowledge - really hopeful we can find more good reserves. But it may take a bit of a drilling spend to find them.

GLA

Hard to keep up with the board as so busy at work. Cost me this week as was buying some other junior miners and was just a little too late to get big 1 or 2 day gains - anyway - back to GGP and our other assets.

GGP currently has MCAP of 500 million and we all think this is going to increase - at least to 1 billion and hopefully more.
I have always been thinking - if we get good initial results from drilling at Scally - JV is the way to go - depending on what % we have to surrender for the JV.

Main benefit of JV is handing over the exploration drilling, evaluation drilling and mine planning/feasibility study to a strong partner who is a world leading expert - but that comes at significant cost. Future JV's preferably would have some factoring on eventual MRE to ensure GGP get a fair share of the spoils.

Look at what NC have achieved at HAV with currently a spend of less than 40 mill - lot of drilling and evaluation.

Alternatives
1. Raise by placement of more share to raise $50mill for huge drilling programme - then we still own 100% at end - but this would only really be viable if we get great results from initial drills.
2. Engage a big drilling company to drill at their cost but paid for by issuance of new shares in GGP?

Hopefully we get good initial drill results and GH/CB have lot's of options to consider and prove to be very good negotiators.

Would love to have been able to go to some of the pub meets - but live far too far away - one day maybe if GGP has made us all very rich.
1. Look

sjsrace - the malt whisky lovers would not thank you for that one - a blended single malt - although only 600 bottles made. Although not a whisky drinker or expert I do have some bottles which will hopefully increase in value. Also have a cask at a crowdfunded distillery (I am a shareholder) in Dingwall which I have in the cask for anytime I choose from 3 - 10 years, and can then pay more to have it longer in the cask. If Haverion delivers the riches many of us hope for maybe I'll name my private bottling after them.

www.glenwyvis.com - I also hope they are a huge success - reopened a long closed down distillery with crowdfunding bringing new industry to the local economy. Don't know if I will ever see a return but happy with my investment.

I probably had my biggest investment miss when Brewdog started up in our local area. I read the prospectus, for the first shares - said do not consider as an investment - only purchase if you enjoy our products. Missed a 28 bagger over 12 years but have really enjoyed watching those 2 lads build a huge worldwide business
https://www.brewdog.com/uk/community/culture/our-history

HopefulPatience - been burned too (SML - although still hoping for money back). That is sound advice and what you have done is sound - I could do what you did and still be left with a healthy amount on free ride - but still sitting on my hands - and intend to do so for a while yet - and hope the SP keeps increasing. Every 2.7p I make my original stake.

Not brave enough to top slice - but would have increased my holding if I had been doing this - my luck I'd top slice when SP kept rising. I'd only top slice to reinvest anyway.

GLA all.

Simms45 - I have a small investment in KEFI - I must admit not based on too much research - nothing like I have done in GGP/CNR. Speculative - I think in Saudi there will be plenty support and finance available - and could be an exciting new Provence.
CNR - hopefully we will see some good news and price increases soon.

Elise1 - hope you are correct with GGP. I am sitting tight - I would be delighted with 30p - if you are correct _ will be over the moon.

Also hoping for good things from CNR - this was the company that started me looking at miners. I invested a little in UFO a few weeks ago - hindsight is great - wish I had invested more. Plenty of money coming into mining shares just now -wish more was coming here. Also decided to sit on my hands here - helped by some good posts by contributors.

Just when you think it could not get any worse

and here we go again - instead of Tsunami of cash - now promising significant cash flows in 2021 - hope they are right - but so far this BOD have not delivered anything but empty promises

Drilling 24/7

Pros
You can complete the drilling programme much more quickly
The rental costs for the drilling rigs will be reduced

Cons
I imagine equipment needs some down time for maint - don't know if that would normally have been done on a nightshift - but I would guess more likely when the drill is out of the ground
Nightshift working from a H&S point of view is probably tougher and slightly riskier

So possibly lower cost and faster progress - NC seem to have proved at HAV they can do it safely, even during the extreme summer in the desert. Getting it completed before the high temps of the summer may also be a factor?

condor_forever I agree CNR has more potential to multibag than GGP - if you are talking about the haverion find only - and you are correct - Newcrest will own 70% and have option to purchase an additional 5% at fair market value. We do not have a MRE, but I think personally likely to be 10 moz + - with no mine to be built - and tolling agreement already in place for GGP 30% or 25% share. GGP also have a lot of now highly attractive acreage in Paterson - and are drilling now away from HAV.
For me Haverion is pretty much derisked - but we would be very fortunate to get to 30p (bag) from current share price. Potentially same proven Moz as CNR if MRE is 10 Moz - and it may be lower - and yes MCAP huge compared to CNR. Multibag would be possible if exploration drilling on other targets is very good. Would be more JV's I would say.

CNR for me - still carries risk. Nicaragua - always a worry for me - hoping I am wrong. I do think much more potential to multi bag with CNR, and they own everything 100% and potential to increase to 5 Moz - but requires more drilling, and we need more funding to build the mine. I think drilling will hopefully come once mining starts and the debt is paid - if we take on debt to build mine and not have a placing/dilution.
Decided to hold tight with CNR at the moment. I might offload 50% of my Canadian adventure.

Thanks Connect1 - not all successful though - my biggest investment in Aim was SML - disaster - lost 70% - and kept hanging in hoping for recovery - be happy if I end up with 50% back, but GGP has saved me - and hoping CNR can too.

My Canadian TSX Junior miner Northern Superior also now showing healthy profit- drilling again and the price rising on expectations of results - just knowing when to bail is the hardest thing to do - my experience is telling me never be afraid to take a profit

"lets just say potential bag, not multi-bag then. That's my target."
I think there are much better choices out there for someone looking for a single bag.
But I do you hope you are correct - as I'd probably sell out at .9 with a much reduced loss. Like any LTH I'd welcome any good news for SML, but I still cannot get over the bonus paid this year. Shocking.