Member Info for threeturn

You'll need more than luck after the board managed to preside over a 99 33% + Sp fall at TTAU...Abandon ship..new company name..and hope no-one notices the shocking history of the clowns who are in charge!

I've been looking around and haven't been able to find any share chat boards like this for ASX shares. Does anyone know of any?

Why would that be a worry? Share consolidations do not change the aggregate value of what shareholders own or the overall market capitalization of the corporation...

I believe that whatever is shown as a "buy" or "sell" is LSE's algorithms best guess, as the market doesn't issue any statement on whether a trade is indeed a buy or a sell. So when you are trying to tot up buys and sells as shown on LSE for example, you will often find it doesn't make sense, especially with late trades. Happy to be corrected on this if wrong...

Hi Strudel, can't make it this time unfortunately, have a good one though. ??

Hi Joe, I went along, there were 7 of us from a good variety of backgrounds. It was an interesting evening with some good chat and banter. Looking forward to the next one and getting to know the other GGP'ers better.

Sound advice.

If someone is panicking at movements like this even though they have done their research, then your either their risk level is too high for what they can really afford... Or they haven't actually done anywhere near enough research.

Looking forward to it. Thanks for organising Strudel ??

See you there...I'll be wearing a red carnation in my left button hole and carrying a copy of Le Figaro.

Hi Strudel, what time at the Birds and Bees on Thursday?

Will do. I work and live in Stirling regularly and have arranged to be there that week, so very flexible on any timings etc.

Hi Strudel, I should be able to make it, in Stilring all that week. Thanks for organising.

Spot on from SAS...
I often see criticism from people on here saying "it's OK for those in a sub 1p or 2p etc. to preach" etc etc... If you are a recent investor (and by that I mean up to 12 months) it is worth taking on board that the folks that have been in since those early days (although I don't post much, I have been a large holder in here since the days way before the Newmont debacle at Ernest Giles back in 2015) have accumulated a HUGE amount of knowledge about the company, fully understand it and are still here because they truly comprehend the fundamentals…and not just out of some vague amateurish hope that it will all come good in the end.

This is AIM. It is the wild west of the stock exchange. SPs often go up and down with very little relevance to the company itself as there are so many institutions etc. driving it with their own agendas. There are no cast iron guarantees on AIM but in general, the good stuff usually rises to the top eventually, which is why so many folk from early days are still here. To trade as an LTH and especially in the resources sector on here you need to fully immerse yourself and be confident in a company. If you are trying to jump on to catch a short term spike you are in the wrong share and the wrong sector.

atb 3T

Seems to be an awful lot of drama queens here atm. This was NCM half year results reporting for FY22, as such they can't include anything beyond what was proven and factual up to that point so for those following every twist and turn of GGP it was always going to be old news. No company would ever use this type of standard reporting procedure as a platform to announce things like the mre2, 5% deal etc.

Thanks Hydro, I tend to agree (which is probably what happens to most others and why I cant find much info…and certainly not doom as there’s still decent gains to be had on the SP by my reckoning. I’m just someone who likes to have as much info to hand before a decision moment arises (the 6 P’s and all that) and this is a bit of a grey area for me…maybe I should invest in a mattress company if / when I finally sell up…I reckon there’ll be a jump in sales as GGP holders buy them to stuff their cash under :D

I’m sure, like most things, it’s probably been discussed to death here in the past, but if it has then I have missed it somewhere, as between here and the TG groups it’s nigh on impossible to keep up with all threads and have a life…has anyone (one of those with some decent sense who speaks from knowledge and not "reckoning" …we all know who they are ;) ) done a calculation on what potential dividend GGP would be likely to pay out assuming they kept their 25% for the next 20 years or so of mining? I appreciate it’s wholly dependant on the output, but perhaps assuming 10Moz eq. over that period, so a production of 500k oz per annum. I use the 10Moz not because I think that is what is there, but just as a baseline for calculations. Tried to find similar companies to get comparable data but hard to find…maybe it’s because they all get bought out by the majors…lol.

Main reason for trying to suss this out is that after being here for some 7 years now (although sold up twice and bought back in for just about a nil sum gain after slapping myself in the face!) with a decent holding and for most of that time assuming I would sell out at some stage, I’m now wondering, as we get closer to mining (which seemed a distant dream a couple of years ago) whether some or all of my holdings would be best held for dividend. Although I’ve learnt A LOT over the last 7 years, I know I got incredibly lucky when I invested here all that time ago and so I keep asking myself the question "if I did sell…where else would I then invest the gains?". The global economy is in such an unpredictable state that I reckon holding for GGP dividends would possibly be as nailed on an investment as anywhere else.

3T

Re: Hydro transaction examples:
Rarely post here but interesting to read more about the examples given. It's always difficult to compare apples with apples but here's another one from 2019 that caught my eye https://www.google.com/amp/s/financialpost.com/commodities/mining/continental-gold-takes-all-cash-offer-as-gold-mining-space-continues-to-heat-up/wcm/fba50096-856d-44ae-820f-458db6786fe4/amp/

ATB 3T

I rarely look at these boards and chats these days and it's more as a reminder not to, when I do. Best thing for anyone invested just about anywhere in the mining sector is to largely walk away from boards and chats. Have confidence in the fundamentals and regular risk analysis you do (if you don't do them then more fool you) rather than be swayed by any narrative. If you want to be kept up to date with anything that seems to be happening in a particular share, apart from the RNS' there are usually one or two sources, that if you checked them and only them, you would find that ALL the rest is just noise. Given that for example this chat gets what, 400 comments a day; then since the Scally results, that's about 60 days ...which is 24000 comments. OK there has been a Hav update in between and an NCM update, but really, 24000 comments!?... and to what end? What has been gained by any of those 24000 comments really? What new actual "facts" have come out that would change your strategy? None. Sure there have been plenty of re-hashed ones in new clothes, a good few thousand comments where people "reckon" something without any basis of fact to support them and leads to a type of us and them hysteria. I don't really understand what anyone gains or hopes to gain from spending hours on end reading stuff like this. If your investment strategy is really swayed by narrative then you should probably not be investing, and certainly not in resources stocks like this. For all those 24000 (24 thousand!!!) comments in the last 60 days, nothing has changed with the fundamentals or facts, so really, what was the point in wasting your time getting stressed over it all?

Bu88ering off now to get on with my life having been reminded why I don't bother coming on here :D

@Rustydog84 I am in both GGP (and was a very early investor there 5 years ago) and OMI. MNN has it spot on.

GGP market cap is ~£900K
OMI is ~£49M

GGP is at this level as it has more drilling results that have proven up the deposit and so for many investors it is more de-risked as there is less chance that it will suddenly not find anything else and go bad. In addition there is the fact that their JV partner Newcrest are desperate for ore at their nearby Telfer processing plant which is running out and so they have speeded up the process and are already staring the decline to go mining, which again derisks it in the eyes of investors. The MCap of GGP reflects this lower risk level.

OMI is at an earlier stage than GGP in terms of the amount of drilling completed and proving the resource up. The process for it becoming a mine will be a longer process than with GGP. This therefore increases the risk that at the end of the day, the drill results may get poorer and it will not be viable to mine, which in creases the risk. The MCap of OMI reflects this higher risk.

Let's say that eventually GGP and OMI end up with the same size of resource and the companies are valued at £2Billion. If you invest in GGP right now you would double your money - 220%. If you invest in OMI right now you would increase by 4000%. But then, in the eyes of many, the risk level at OMI is greater than GGP. Note there is no GUARANTEE that either company will get to this level!

Personally, I took a chunk of profit off GGP in December and stuck it into OMI. If GGP gets back to over 35, and OMI hasn't rocketed up by then, I'll do the same again, but will still keep a good whack in GGP as it's more of a banker.

Please excuse me if this is investing 101 but I have never got my head round dual listings...how is it that Orosur can be up 7.5% on TSX and then not open 7.5% up on LSE? I understood that dual listings were adjusted so that the companies had the same value across all markets they were listed in?