Member Info for TimberTrader

In the commercial world it's my understanding that FMV is, simply put, a financial concept related to the price a buyer will be willing to pay and a seller will be willing to sell for, with reasonable knowledge about the item in the open market, free from pressure. You can bring in all sorts of issues, but, until it, may actually happen, it's not worth arguing about in it's minutiae.

Risk & reward! I certainly haven't sold out by any means. I started investing in GGP at 0.65p, but I've top sliced some, as it's suited what I want to do with my general investments. I have a plan to continue to do so as the sp, hopefully, advances. My plan includes leaving a certain percentage of my total holding to then stay invested pretty much ad infinitum. GLA in whatever you prefer to do!

ii have a Bed and ISA service which is very simple to use..

https://www.ii.co.uk/ii-accounts/isa/bed-isa

@ markjphennesseyg
Indeed! They've carried out just 2,340m of diamond drilling and 1,100m of precussion drilling in the target area.

No, but I've always wondered about that relationship, which, BTW, I'm sure is 100% within the rules, but I still believe that you are right to ask the question that some of us ponder on from time to time.

IMHO, the only good news with regards Firetower would be a divestment, with funds going towards the costs of drilling at the likes of Scallywag. That's always been my view of the Tasmania tenements, but maybe I'll be proved wrong.

Let's hope, but not beyond all possibilities!

'We are very pleased that these results have successfully generated multiple new high-priority drill targets at Scallywag, many of which share similar geophysical characteristics to Havieron'

'The identification of this first round of high-priority drill targets further reinforces our view regarding the prospectivity of the Scallywag prospect area itself and the Paterson region more generally, a region which we believe could hold multiple tier-one gold-copper deposits.'

GH

I can't see any drip feeding. The Havieron sale agreement is pretty clear.

@desjwhite "Scally drill program I reckon Monday"

I'm not so sure myself. I was also expecting Scally drilling news imminently, but I now have some doubt, due to the 'temporary' 40% transfer of tenementts, including Scallywag, to Newcrest.

Sure, i could be completely wrong, but I think that any impending news from GH will be completely left-field!

As always, only time will tell!

GLA

@ jw1952
At the time it was clearly, IMHO, the best possible deal for GGP.

Can you even imagine how much it would cost, in cash calls (share dilution!) and the huge time required, for GGP to have done anything near the drilling required to get where we are now?

DYOR & GLA

@ spudderman Yup, that sums them up very well!

Don't forget that GGP will be included in the FTSE AIM 100 Index effective from Monday 22nd June.

AIM's 25th anniversary: from Wild West to runaway success?
Interactive Investor - 12th June 2020

"The AIM market has cause for celebration as it approaches its milestone 25th anniversary on 19 June, says interactive investor, the UK’s second-largest direct to consumer platform.

The AIM All-Share Index has recovered quicker than the FTSE 100 and the broader FTSE All Share index, returning 49% versus 27% and 29% respectively since 23 March 2020, which marked a low point for many markets across the globe, to 10 June 2020.

Over the last year, the FTSE AIM All Share has fallen 8%, compared to -11% for the FTSE All Share, and over five years it is up 21% versus 7% for the FTSE All Share (to end May 2020)......

.....“The pandemic has also boosted the performance of gold miners, on the back of a rally in gold prices as investors raced to buy the perceived safe haven asset to mitigate the impact of the heightened stock market volatility on their portfolio. Greatland Gold (LSE:GGP) in particular, which was a penny stock at the start of the year but has since soared by 600% following mining successes, has proved popular among our customer, ranking 4th on the list of most bought AIM shares this year...."

https://www.ii.co.uk/analysis-commentary/aims-25th-anniversary-wild-west-runaway-success-ii511998

Is the Greatland Gold share price, up 600%, a millionaire-maker?

https://www.fool.co.uk/investing/2020/06/12/is-the-greatland-gold-share-price-up-600-a-millionaire-maker/

Take it, or leave it!? Personally I'd leave it!

Their recent research on GGP, and up & down roller coaster investment 'advice' pieces, has been, at best, farcical!

DYOR & GLA!

UK GDP figures for April due at 07:00. First full month of lockdown.

Greatland Gold's (LON:GGP) Gervaise Heddle speaks to Proactive London following the release of what is now the eighth consecutive set of 'excellent' results from Newcrest's drilling campaign at Havieron.

Among the highlights was 109 metres @ 6.3g/t Au from hole HAD59.

Nine rigs are currently operational as drilling activity continues towards the objective of delivering a maiden resource in the second half of calendar year 2020.

https://www.youtube.com/watch?v=w0CXUkQXyWE

Greatland Gold says Newcrest hits its best result to date from drilling at Havieron
Proactive - Andrew Scott

https://www.proactiveinvestors.co.uk/companies/news/921659/greatland-gold-says-newcrest-hits-its-best-result-to-date-from-drilling-at-havieron-921659.html

Newcrest Mining (ASX:NCM) finds best drill result at Havieron - The Market Herald

https://themarketherald.com.au/newcrest-mining-asxncm-finds-best-drill-result-at-havieron-2020-06-11/

@ Floater
Ignore the usual narcissists on this forum and please post what you think & believe! :-)

Everyone is entitled to a view, regardless of the, let's say, challenging post's from the club elite! ;-)

@ BulaMarket
Good post, but for goodness sake, please don't be 'threatened' by anyone on this, or any other forum, from posting your view's. Sure, there are some people that still seem to believe that they have some superior influence on what should, or should not be posted on this, or any other forum, but your viewpoint is as valuable as any others!