The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I’m Australian and have been investing in junior resource shares for the best part of 30 years. I would say GGP represents one of the best explorer opportunities I’ve seen regardless of the current macro backdrop. I estimate upwards of 30 million ounces will be inferred, probably by year end. Short term share price movements are irrelevant, but weakness is an opportunity to accumulate. Investors who stay the course will be richly rewarded by further discovery, corporate plays, and the gold price. .Short-termism and instant gratification aren’t the secrets to wealth creation. AIMO
Great numbers in the RNS and DFS economics shaping up very well. Modest market cap for such a bright future. Can anyone enlighten me on the timing of a mining licence, it's my only concern. I have been steadily buying sub 3 over the last coupe of weeks. Great opportunity yesterday as well.
Been a LTH for years now and totally agree with Chester.
Imagine if you were buying in today or if there was a raise, on that day, risks of course, but a 10 or 20 bagger a real possibility and I don't say that without conviction. Tony Gilby has made me good money via his earlier CBM companies so I still have faith in the man to deliver, but the timeframes have been excruciating!!
I first bought GGP in 2016 at .015 and sold not long after for .2, thinking nice profit. DOH!!! They didn't own any tenements in the Pilbara region back then, so it was definitely grassroots stage.
I've subsequently bought back in at higher levels from .5 onwards but think GGP has much further to run from here. Bought more on the dip to 4.1 yesterday believing sub 200m MC is still good value as I see a 2b MC in the years to come. GGP and NCM have discovered an elephant to replace Telfer with unlimited discovery potential.
The most significant difference to a small company like GGP is the partner, money and no CR or dilution to shareholders, and why nearly all junior explorers crash and burn.
I am 60. I don't think I'll live long enough to see terms agreed with the PNG government and land holders. Past experience with investing in that country tells me so, and the mother of all assumptions that this ridiculous company RGM could mange to get that far.
The problem with Thor is, what does this company do? Way too many assets without the financial clout to develop them, nor the expertise to do so at management level. Like a lot of resource minnows the market has no sense of financial well being for this company thinking when will it ever make money or what could be sold for reasonable gains. I figure no investment in Molyhill for nearly a year translates to bugger all interest in Thor's assets. If commodities return to better prices all boats will rise, maybe a deal could be done, and maybe in WA they'll explore the only decent asset that in the short term could make shareholders happy.
In the end this sought of news carries no weight and will soon be reflected in the share price returning to where it was.
Billing needs to secure finance to make this company work and after 10 years trying to get Molyhil off the ground I do question his skill level to achieve this. I am a current holder but in company news it's my opinion that quality not quantity counts. I think also the company assets are thinly spread and markets aren't convinced of this strategy unil at laest one of them can make money.
Having being invested in companies involving the PNG government, and considering the type and location of the Mambare nickel deposit, I would consider the chance of a return highly unlikely.
All the directors will run away with wallets full while Stephen Pearce will be in charge of nothing, no money and no pride. What a joke this outfit is.
I regarded him as being reasonably astute, but not any longer. Hi pious attitude at times has blinkered his common sense reasoning. Unless he plans a revolt to takeover the company, he’s in bed with useless fools.