Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi InGodweTrust...you are usually pretty much on the money with your assessments..
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From the last few posts, seems the assessment opinion is that there could be a takeover and II’s are buying in such that their % premium will be great and won’t have to wait that long.
Similar to the heightened risk I wrote about.
Despite that, hold. No time soon imo.
GLA Investors. - TFG
GGP’s “Gamestonk” moment ?
GLA Investors - TFG
You Opinion Box say ‘No Opinion’ so what actually is your opinion ?
You wouldn't hire a new CEO if you were planning to sell though would you?
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Depends where the pressure might come from (NCM ?)and the willingness to engage or not (GH ?).
Perhaps a remote possibility because a new CEO is due and not a reason to sell, just stating an opinion the risk has gone up because the market value has gone down a sizeable amount - could make a poor offer look good.
GLA Investors - TFG
If the sp is rising then it is likely that the risk of investment is reducing and conversely sp dropping then likely risk of investment is increasing - 101.
This is borne out when the Equity market gets jittery and the flight to cash or flight to bonds or flight to physicals. At an index level this is little to do with fundamentals of a particular share.
For an individual share and especially on Aim, the risks should be constantly evaluated and as many have said gold is still in the ground etc.
For me, observing the fall in sp, despite good news, the following risks have risen:
1) the probability of a poor takeover offer;
2) the possibility of an even more punitive loan arrangement
3) the possibility of cheap dilution
I don’t think 2 & 3 are needed right now and so not an issue. I worry most about 1 as the gold still is in the ground and Aim shares can disappear overnight - with a premium to sp that might look good % wise abut is loot to the actual fundamentals.
However, does not concern me to the point of selling a single share.
I think the II stuff, the MMs stuff is for traders looking to dip in and out for a few pence. The booking of buys and sells and transparency is a decades old problem with e-trading and algo etc. adding to the noise rather than removing it.
Think macro risk and think all is still ok.
GLA Investors - TFG
Unfortunately tomorrow doesn't seem to be coming!
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@Adz given that post, in my opinion you should sell, do some research and invest probably elsewhere. You seem quite anxious and ‘tomorrow’ on Aim shares is rarely 24 hours. I only generally advocate holding, which is what I am doing, but my timeframe for returns is years.
GLA LTH- TFG
There is little volume so I think we can bank another set of excellent results where the upside will surface a few days/weeks later.
Given the recent position building of II’s, I presume many of them are ‘risk off’ given the current market volatility which in my opinion means they are not selling but they are reluctant to add in volume. Its a matter of time and patience noting that we seemed to avoid the ‘rise in anticipation and sell on news’. Good window for PI investors to continue to build their position should they have the means and desire to do so.
GLA Investors - TFG
Awesome. Usain Bolt could not get that much gold in a 100m.
Another great update for CB and if the last one for GH, just fantastic.
GLA Investors - TFG
Same MO - daily repetitive nonsense.
2021 is well planned and mapped out. There is no reason to do anything other than use existing funds, loans and JV’s to execute.
Protect 30% or 25% for Hav
Protect 100% of SW and Ruddall until the y make no commercial sense or time to maximise any value there is
Protect PRE % by not committing more money
Take stock in Oct-Nov and not get into sale/merger discussion imo.
GLA Long Term Investors - TFG
Lots of quotes and follow up posts on yesterday’s (Wed) RNS, some fantastic, some good and some utterly perplexing and abysmal. However, to quote and reflect on today’s RNS (Thu):
“ Earth moving activities to prepare for the construction of the box cut and decline have begun and we will continue to update shareholders as work progresses.”
This is just fantastic, using the NCM money their Board approved, using the GGP loan facility or about to. This is not exploratory this is setting out the next decades....put that in the proverbial de-ramper pipe and smoke it.
GLA Investors - TFG
Perhaps Joe Bass knows :O))))
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His next post on this bb needs careful drafting imo. Statement to State Meant
Stock Laughing or Laughing Stock
I am - who I am - don’t forget who I am - despite not knowing who I am -:))))
GLA Holders - TFG
Do the drill results shed any light on why ggp and ncm had no agreement on Scally like other areas?
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Monty - is a great question and I think others will opine and in our position as PI’s will we ever know.
My view is that, since drilling was ongoing, neither party wanted to commit its inclusion into Juri-JV....
NCM - committing more money without the SW early results would be hard to justify at Board level.
GGP - perhaps not as commercial and could have included because the whole lot was still 100% owned during negotiation. However, funds available to deliver first and second wave of drilling at SW with Hav to be commercial in a timeframe that suits any next stage.
I think they arrived at a sensible outcome to leave Scally where it is and from a total portfolio sense, it matters not until 2022 season at the earliest.
GLA Holders - TFG
Agree OilMonkey.
The same exploration team still believes in SW, worthwhile to spend more money on where it is as opposed to whether it is there.
Hav is taken as read, more upside virtually nailed on and rely on NCM to keep us all updated - delegated lol.
Beyond Hav, Juri, SW-Ruddall there is more work going on and news to come. As someone pointed out - the last comment was telling, stretching further than the 3 projects that were already the 2021 focus.
Onwards.
GLA Holders - TFG
Posters on this site, please be aware you have a drag on this line.
GL on the share.
My stop loss triggered at 25p and I was not able to get back in because of their technical problem I can't explain how annoyed I am
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@Mahmas01
So I understand - you put in a auto-sell so you didn’t have to watch the sp and act manually. They did what you asked by adding functionality whatever it cost.
But you were really watching the sp and then got annoyed - but you wanted to sell at 25p and you did.
Had the price gone to 20p and stayed there perhaps there would be less of a problem ? Or in fact Barclays is not the problem at all ?
I’ve got to believe you were in sub-25p so enjoy your profit and blame the responsible party.
GLA LTHs - TFG
Surely it is tomorrow? Rinse, repeat and hope to say a told you so in this decade.
If Carlsberg were our broker, I’d go for a Saturday or Sunday RNS and it’d be the best ever, probably.
GLA - TFG
Not 100% sure but aren’t Solg primarily now trying to get to mining....the reason GH left GGP - would somehow see that as quite an odd move or perhaps reconfirming Aim and Juniors’ behaviours.
GLA- TFG
hoping the price holds or drops a little between now and Friday (payday)
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@josh
Word of caution, this is still Aim and a lot of unknowns and sometimes left field events, if waiting for a pay day to be able to invest, please consider very carefully. However, good luck.
GLA - TFG
Only for those interested in the topic.
Since the price and volume was fairly benign, even though II’s are loading, I decided to run Barc through its paces and put in a Bed & ISA.
Pleasantly surprised -auto sold @ 32.49p and auto bought @ 32.55p for full years allowance. I consider that a result since the non-L2 holders see a 0.5p or 0.75p spread which I guess is prevalent in single sales & buys although I expect one should still obtain a tighter trade than advertised.
Still fully committed to the upcoming news.
GLA - TFG