Member Info for WelshFalcon

You have friends? Wow.......

Agreed, normally these drills would be regarded as positive and indicate further exploration if this was a new prospect from a new prospector. It's just that expectations were a tad too high!

All good, and simply an overreaction.

The Falcon is still happy.

Thanks @CW.

I'm now with over 1m shares on a free carry. Will hold for at least 5 years. My GGP profits are all over here now. Hopefully I can do the same and on the lookout for the next star performer.......

Simple overreaction to a few drills (3) not showing as expected. Their main Tier 1 discovery hasn't evaporated and price is recovering nicely now.

Does illustrate how a balanced portfolio weathers these little storms well.

I'm relaxed - in both GGP and SNG.

Still relaxed, one set of panic sells won't change the long term prospects. It's just he traders trying to play the sharp movements. A little sad that they are a bit childish, but it takes all sorts in this world.

We are still a massively great company, with a tier 1 gold asset that will be pouring gold within 18 months. The dividends that will be coming then will pay for a nice retirement for me with my, now quite large, free carry. Next week will show even more actual gold at HAV, SWAG will have her time.

Fairs fair.....

As a speculative investment (aka bet/gamble, call it what you will) made without any research - then the advice to sell after a 92% gain is sound.

Even a little bit of research, particularly with a positive RNS coming out on the day of publication, may reveal a completely different picture....

At what point do they jump out? When the rising hot water reaches their balls or earlier?

Don't panic, just the market doing it's thing. You need to look a little more long term than each opening price...... More, much more news to come soon too.

ssssssssssshh. You were'nt supposed to tell everyone about that bit..... 'cosmic secret' that one!

You need to add explanation to this! You know.... The conspiracy theories around 'they are holding it back as NCM asked them to' due to closed door negotiations etc.... etc.....

That's fine @ Z. Nobody here is making you invest.

By what criterion do you class your question as 'reasonable'. The answers you have received demonstrate that others disagree.

I'm not going to give numbers, but to sum up my SNG holding:

a) More (much more) than is normally regarded as sensible!
b) Less (much less) than I would like.

@strudel,

Don't forget, in your SIPP (once you have gone over the LTA) you are effectively investing with an interest free gov. loan where you keep the profit. The LTA is simply the gov. saying "you've reached an impressive pension sum, only fair if we have back some of the tax relief you've had."

I look at it more as a badge of rank rather than a painful tax. Just make provision (mentally) for it, but keep investing their cash until you have to pay.....

https://www.inquirer.com/health/coronavirus/coronavirus-vaccine-no-reserves-expanded-distribution-20210115.html

Frightening how messed up they are over there. The deceptions continue......

Thank 'F' they have voted the deceptive fools out! But it will take a massive effort, and a lot of time, for them to get anywhere near back on track.

I'd top up if I could.

Have somehow worked my way round to a little over 1m on a free carry. Those are staying put.... cold dead hands etc.....

Ceej.

Start here and learn a bit about shares and investing before you make any purchases:

https://www.londonstockexchange.com/personal-investing/what-are-stocks-and-shares-lse

Doesn't help if they are the target. Makes them more attractive too.

@Lanz,

NCM have more than enough 'strenght' through the various JVs with us. They don't need to play with shares as well. Look at the recent news where the NCM board has approved funds for the decline etc for HAV. There needs to be an internal justification of expenditure within NCM, they too have shareholders to answer to.

Any investment will be judged on a ROI calculation, with us they can achieve the same (or better) ROI by direct negotiations around the JV arrangements. Meanwhile any investment capital they have to play with will be better used elsewhere, producing additional return.

Bear in mind, for us GGP, there is no income until gold gets dug out. The potential costs for NCM would be the same, but for now their capital is better used elsewhere until it is needed. Eggs in baskets as it were (no.... not the eggs again!).

NCM buying our shares makes no sense to me, as an investment it's not the best. It will cause all sorts of buy out rumours and force the price up (if that's what you are after).

No. They have the JV with Hav, they have the 5% fair value - if they want control of HAV 100%, then they negotiate a buyout of HAV with our board with a nice royalty agreement. No need to get messy in the market with shares, TR1s and showing their hand to all and sundry. 'Twill be done swiftly and without competition.

That doesn't mean it's bad, it will be lucrative for GGP shareholders.