Member Info for threeturn

Thanks MM, that's interesting to know.

Are companies able to "sit on" information such as assay results when they get them or is there an onus to publish them within so many days? Doubled my holding in OMI this morning so chuffed at the moment. The grades from drilling results so far are INSANELY good so looking forward to the next lot.

I love the fact that this isn't popular and on AIM . It's keeping the SP and MCap low giving PIs a chance to add steadily while it quietly proves itself up rather than wildly peaking and troughing.. It reminds me of how GGP was traded when I first invested there several years ago, before there were SO many new "investors" who have flooded into the junior gold explorer market, buying on a promise of easy riches through spending too much time on social media and falling into the "confirmation bias" trap. Companies like this, where the SP moves up slowly and steadily with results are very hard to find these days. I think that being on Aquis rather than AIM is a great thing for us more serious PIs and at present offers us far more opportunity in this company as LTH's.

Just come across Webis and researching over the weekend. So if Cuomo wants all revenue to go to the State, doesn't this put Webis at a huge disadvantage? Please forgive if this is obvious but a noob to Gambling shares but this piqued my interest...

Hi all, I just thought I'd check on VAL after seeing it mentioned as I used to hold while back...after first picking myself up off the floor I went through RNS' and noticed a 125:1 share consolidation back in 2020...Phew! I thought I'd made the mother of all mistakes by selling! I sold out in early 2020 so at first glance it looked like I would have been about £300K up! Lol

I've been through all the RNS' since I sold and skimmed them to see what has spurred the price on over the 8 months and really can't see much of note. A couple more updates on VAL201 and board / staff changes (which can only be a good thing) but apart from that nothing to get too excited about. In fact it still seems much the same "Jam tomorrow" story as before I sold.

Am I missing something here? If so I'd love to know as the potential here always looked good but it just seemed a never-ending story...

TT

EL absolutely. Comparing the price of the shares between companies it is as you say totally irrelevant ...if you think it is you are really in the wrong game here. Two things matter:

1. The percent increase of the current share price / MCap (same thing really) you think company A or B can make over a given time period.

2. The risk involved

Smaller early exploration companies are have a low market cap (£10, 20 ,30 million etc. )and if successful "could" bag many, many times, but the risk of failure is high and so many will either away: what meaningful results have they to date? What is the likely eventual capacity of the mine (crystal ball stuff)? How well funded are they to achieve what they will need? What is the track record of the board? Etc etc.

GGP on the other hand is a reasonably high MCap already. To bag from where it is will take approx. £1.4 billion increase in MCap...whereas a tiny exploreray only need £20 million to double. GGP is however IMO at its current price largely derisked. The gold is in the ground, it's going to be mined and the current price only reflects approx 30% ish of what they/we know is there (Initial resource). As a result your money is a lot, lot safer here than in an early explorer...but there is a much lower chance of as many "bags" if they early explorer has a big hit.

Personally I think GGP will still 2 to 2.5 bag based on Havieron with the opportunity of maybe 3 to 6 if there are hits at one or more Swag, BH, PE, Rudall in 2021. Most of my cash is staying here as I think it's pretty safe and am more than happy for 100% gains on it over the next year. Some (5 %) I have skimmed off and played in more risky early explorers with in the knowledge there is a good chance I could lose it, but if I get lucky I might make big.

The early explorers are not the types of companies to invest in and forget about. You need to follow them diligently as most will fail and you need to be on the ball to read the tea leaves and get out early if they are going to.

"This is like GGP back in the day....."

Glad you said it first. I've been in GGP for over 5 years and it does feel kind of the same as back then. Only been in here for a few months and added quite a bit yesterday. I don't think it will be that scale in the end but the newsflow and the way the company is being handled feels good in the same kind of way.

@aprogerson thanks, it certainly doesn't make it a bad investment but like you I am mining focussed and have a fairly in depth knowledge of that sector and know nothing about the gambling sector. I have a personal investment rule that as soon as I feel uncomfortable with a share I will sell it. Sometimes I have missed out on profits doing that but it makes for a lower stress life which is what it's all about for me. GLA

I have sold up as a result. Each to their own but I have a policy of not investing in in gambling stocks and when a board does something like this at such a crucial moment, it makes me wonder about their ability to focus on the prize and not get distracted as I have seen happen with so many companies over the years. In my opinion there are plenty of other shares which can and may deliver as good as this so I will put my money into them.

"They gave it to the work experience student to put on the system"...not the wee laddie from Berenberg again ?

Well said TM...I've lost count of the number of times I have thought about putting some money into "the next GGP" and eventually slapped myself back to sense again with the mantra "The next GGP is GGP".

Sorry..."on Aquis"...typo

As this is not Aquis and not on the "regular" exchanges you'll usually need to ring to buy (at least you do for ii and HL) as they don't trade online and there is a minimum of a £3k investment (I think).

I did the same a few months back and had a good chat about it with someone there afterwards. He said that in the years he had worked there he had never seen RR give a 1 and only a handful or 2's and 3's. Basically a 4 is about as good as it gets. They used to be done manually but are now done by algorithm. Same advice about sitting tight but I think he just about passed out in a cold sweat when I told him GGP makes up 90% of all my holdings :D (but that's just because I have been in since very, very early days rather than invested a lot and the time to start slicing isn't here yet IMO.) The only other one rated at the time was POW which got a 7.

3t

Some very good points Welsh, that's probably why I'm find it hard to get my head around all the options!

SP at the moment and the delay on s w a g really don't worry me in the slightest. I've been in here for well over 5 years now and it just seems to get better and better with time. I can really see very little Downside at all to the share despite what the occasional numpty on here says. It's been a fascinating ride up to where we are now and looks like it's going to give even more interesting next year :)

3t

Thanks Welsh I'm certainly keeping my options open but just trying to fully understand all potential options that maybe on the table when the time comes.

Do you know of any similar exploration companies which have Farm-ins and then gone to pay out a long-term dividend once the mine started producing? in this uncertain world it seems to be harder and harder to find companies you can guarantee that will continue to have a long-term dividend track record.

Im in no rush to sell and as a devout follower of the six Ps principal : "perfect planning prevents p**s poor performance" and as such like to have all my ducks in a row so that as things develop in the future with GGP I have the right information at that time to be able to make an informed decision.

ATB
3t

Does anyone have any experience or knowledge with regards being a Very LTH in the mining sector once production starts? What would be the likely outcome if Hav was mined for say the next 15 to 20 years and stayed a 25 /75 GGP / NCM split? (assuming GGP as a whole or it's share in Hav wasn't bought out) Would there likely be a GGP dividend each year? Just wondering if that might be the best option for most my shares rather than selling at some stage and then trying to decide what to do with the moolah as a pension fund...might be better off just left in GGP...?

I've tried looking around for other similar examples and come up with a bit of a blank...

3t

"Rocky road for GGP" my ar5e! I can't think of any better place at the moment. I can't be bothered to list all the reasons why as they are regularly listed by others on here, but suffice to say that if you don't know them by now I suggest you do some proper, in depth research....or sell up and put your money somewhere you think is better.

Well said Maximus

This has probably been answered many times in the past but I'm looking at TTAU and quite like what I see but like to be sure exactly what is what before making any investment decisions:

I'm somewhat confused with the RTO of Signature Gold. Do I take it that Signature Gold Ltd is no more and all that it was now falls under the umbrella of TTAU?

From what I haver read so far, Titeline Drilling Pty Ltd are also involved in the company but unsure on what basis still as anything I can find is from 2018.