Member Info for threeturn

RR has also done a couple of interviews on the podcast "Mining Stock Education" which are worth a listen.

GGP is a bit of a share of two halves at the moment - one the one hand (Hav) it's an investors share as it's based on the probable which will deliver good returns and probably a modest/good rise in SP, but on the other hand it is a speculators share (SWAG, PE, BH etc.) as that is based on the possible of what could be a multibag. That is not very common. I think that is what makes it hard for many II's in the market to gauge exactly where it should be at.

I also got a 4 for GGP from Sprott / Rick Rules assessment a short while ago, but to put it into perspective, he (or his algorithm as it now is) has given less that a dozen 1 ratings in 30 years. Afterwards I spoke to someone there who said that in all their years there, they had only seen a handful of 2 and 3's, so 4 is almost as good as it gets. They also said "Greatland Gold is one of the larger positions in most of my client’s accounts".

We're one of the 20%..no doubt IMO. We're backed by proven gold and copper in the ground from 000's of meters of drilling results with a processing plant down the road that is gagging for it.

Agreed PG. Does newcrest still have the right of first refusal on GGP tenements in Paterson though..?

Good lord MM. It was nothing of the sort. I typed a long answer to your post .but you know ..it's just not worth any attention.

No idea TMT, but then I'm a fish farmer turned wholesaler. Until there is something concrete to quantify and analyse from Scally it's all speculation...but it is fun to speculate!

@EP - love the nappy reference :)

I have to say I agree TMT. There may well be further shenanigans on Mon / Tues, the truth is none of us can really predict what the MMs (and presumably their algorithms included here..is it a person or a program making decisions?) or other large buyers or seller's are going to do. It is as you say a volatile period, but one that I first beleive will pass and we will continue to rise overall. I am a little concerned about the amount of dare I say ramping about the upcoming scally results by many on here. Yes there is a potential upside that may be somewhere between small and humongous but in truth we just don't know. PaddySat has shown us they are drilling here and there but are they finding anything or are they not finding and then looking elsewhere? Scally or no Scally I still think this is a hold and won't b e selling whatever goes on in the short term or before we hear the MRE which I certainly think we can be more confident about.

Jambo - yes, they were added Q3 2019, seemed to fall off a cliff at end of Jan 2020 after climbing nicely and then being suspended. They won't get them all right, but certainly if you look at a spread across their additions for 6-9 months after addition, the return looks be a good one but a lot more research needed before committing. In any case , they're not getting any of my GGP moolah any time soon though, have full faith here with or without Scally coming up trumps ;)

Apologies if something similar has been posted before but I don't have time to read all messages / threads. I just spent the last half hour going through the charts of all the companies that GDXJ added in Q1 and Q2 of this year. There seemed to be no common pattern really, some dipped markedly leading up to the start, others climbed, and the same in the 1-3 weeks afterwards, some dipped, some climbed. Was was apparent though was that EVERY SINGLE ONE OF THEM has grown markedly in the 6/9 months since. A few by 50 - 70%% or so, but many by 100% or far greater. That kind of track record by GDXJ should give any doubters on here reassurance to sit on their hands. These guys know a winner when they see it...that's why we're in there. It also made me think that if and when I do finally sell a significant chunk of my holdings, I could do a lot worse than mirror the additions and deletions of GDXJ and spread some of the money around those companies.

Looking at previous rebalances the changes take effective at MOC a week after the announcement, which will be close of trading tomorrow - presumably LSE closing time? So to me (and I am no expert so please forgive if I have this wrong) this means that is when GGP will be officially added to the list so buying from GDXJ will start on Monday ..or am I missing Something?

From investopedia:
- A Market-On-Close (MOC) order is a non-limit market order that is executed at or after the closing of a stock exchange.
- Traders generally would place a MOC order in anticipation of a stock's movement the next day.
- A surge of MOC orders can create trade imbalances at the end of the trading day.

Looking at previous rebalances the changes will take effective at MOC a week after the announcement, which will be close of trading tomorrow - presumably LSE closing time? From investopedia:
KEY TAKEAWAYS
- A Market-On-Close (MOC) order is a non-limit market order that is executed at or after the closing of a stock exchange.
- Traders generally would place a MOC order in anticipation of a stock's movement the next day.
- A surge of MOC orders can create trade imbalances at the end of the trading day.

Too right Hydrogen. The copper is what makes this REALLY exciting. If we can end up with an AISC even approaching Cadia that makes us a future proof very profitable mine no matter what happens to the POG

The list hasn't been updated as yet - none of the additions are on and the deletions are still showing. I think that is because last Friday was just the announcement of what they will be doing this coming Friday forward albeit at US timings again.

My apologies Tig. My post was meant in the best intentions but I am also sorry that you thought it necessary to denigrate me for trying to help because I couldn't read between the lines of your message.

Tig - Are you confusing a decline in mining with decline in a sense that the company is declining?

Their AISC on Cadia is amazing! Only $160 / oz!

Hi Glyn, If you haven't done so already it's worth reading the RNS's back to a year or so and studying them. There can often be some good information in them as to future plans etc. Other good sources are watching interviews with GH etc. Just stick his name into Youtube and use the filter to sort them by date.

My understanding is that they will not actually start buying shares until the start of 21st due to time differences...

Sound words Jambo - we don't really know what they are doing or finding at Scally. It's fun to speculate on it but I wouldn't hang my hat on it.