Member Info for threeturn

@AG1989 Why should the "number of shares" have any bearing on SP or anything else for that matter? Sorry if it's an obvious question but I don't see why that should matter.

Thanks - will have a read. Missed your post with it yesterday...had to spend some time on my "proper" job! :D

JGY - I missed that by TL or didn't really pick up on it...do you have a link or reference for it?

@europaboy "just a steady rise of 5% aday"

Lol, that would be nice, by that rate we would be a £1 billion company by the end of April / start of May!

You can't relate ORR or indeed most other exploration companies to GGP. GGP is on a fast track by NCM due to the fact their nearby Telfer processing plant is running out of ore and becoming unprofitable. Due to that, the rate at which GGP's Havieron has developed has been 3 or 4 times the rate that normal explorations develop.

MB, I take your point but that still doesn't mean it can all be counted as profit. In my business, if I suddenly added a new product which had a gross of 50% and accounted for a multiple of my turnover, there would be significant additional fixed costs that will eat into that gross as a result of that increased business, which is why it is incorrect to take the gross figure and multiply it by the number of tests you are going to sell and assume that is profit. This is why in mining for example there is an AISC figure used rather than just the cost of digging the stuff out the ground. For pharma that is not so easy due to the variation in product lines etc. and especially so with a new product, but that is not a reason to ignore those additional costs and use the net figure.

Thanks for the explanation. Presumably though that is a gross profit figure for the test rather than a net figure for the company as a whole. Most fag packet calcs I've seen are using it as a net figure. The two can be quite a way off and while I don't doubt orders at those levels would be superb for the company, one must be careful of the confusion between gross and net margins.

@GreggsStottie "75% profit per test" - where does that figure come from? I keep seeing people quote different figures of net profit per test, all of which seem pretty unrealistically high. Do you have a source for yours? Not a de-ramp, just trying to separate facts from fiction...

Am I doing this wrong. On interactive investor I get this message: "Limit orders can only be placed within 150% of the current price. Please adjust your limit order price and try again."...

Yes, as long as they didn't have the results back from the assayer before they bought the shares

The director buys also show that as yet they haven't got the additional assay results as to do so, knowing those results and prior to publication, I assume would be insider dealing .

If you go back through previous interviews with BG you will hear how frustrated he has been in the past that he hasn't been able to buy any shares due to newsflow etc. A CEO buying at full market value...it's only a few but to see it as a negative sign is a pretty odd stance.

I assume you are thinking that they have been bought to "prop up" the share price...if so it's just about the worst poker play in history as a) the price doesn't need propping up and b) Any eejit would know that buying that number of shares for a purpose like that just doesn't work.

It means that the LSE system can't work out if it's a buy or a sell. MM's don't publish whether it's a buy or a sell, the dealers have algorithms that decide based on the share price at the time of the trade.

Must confess you read my mind...just how many projects can a small explorer with a MCap of £29M handle effectively?

Trying to get my head round some terminologies and struggling...old dog, new tricks and all that. Can anyone point me to a good resource for an explanation of the difference between a JORC resource estimate and for example an inferred resource estimate or maiden one...are they one and the same things in Oz? Thanks for any help.

Yes, thanks MrV - sorry btw "sell off" was a bad term to use...I was just surprised to see it fall so much today. In here as an LTH and have been for a while now as I like the fundamental and approach of the company. The supposed % up and down each day often to bear little resemblance to the actual change in SP, but as you say MrV the spread also changes quite markedly and so will skew that.

Can't really see any reason for the sell off and subsequent drop today..?

At the end of the day any sane investor here will have done their due diligence, understand the company and shrug things like this off. I let the strength of my research of the fundamentals of a company lead my decisions rather than what anyone else says or doesn't say whether they are part of this board, the Twitterati or anywhere else. Sure, read people comments but then let those comments lead you to doing your own research to decide for yourself what is right or wrong, but don't make any decisions based solely on what people say, no matter how high you may regard them. To do so is frankly, leaving yourself wide open to being manipulated and the subsequent losses that follow. Any serious investor here should have, at the very least:
1. Studied the RNSs from at least the last 12 months
2. Checked up on the main people in control of the company and watched or listened to them being interviewed
3. Understand what the projects are, what their likely time frames are, what the likely production costs from these types of finds are etc.
4. Understand how and where funding for proposed future works is coming from
5. Study what is happening in the gold exploration and mining industry as a whole at the moment, which includes what may or may not happen to the future price of gold and how that impacts on profitability of these projects.

3T

To those despairing that a 7am RNS hasn't been forthcoming today;

In the last 2 years GGP have released ALL their OWN drilling updates or results between 8:24am and 11.33am. Nome at 7am.
Any updates / drill results that have been released at 7am are ALL Havieron ones since NCM came on board. Perhaps stipulated by NCM...?

So, don't expect at 7am update for Scally. History shows it will probably be sometime later on in the morning.

In addition, over the last 2 years, Tuesday is the most favoured day for GGP's own update and drilling RNS;
Monday - 5
Tuesday - 10
Weds - 5
Thurs - 4
Friday - 0

3T

A nice update. Always like a company that can spell things out clearly for some of us more geologically challenged PIs :)

I've bought through HL and ii by phone. Only thing to watch is you will have an additional charge for phone dealing of 1% (£20 minimum, £50 maximum) which means you need to be buying enough to make it worth it.