Member Info for YorkshireLife

"in a previous life it got him thrown out."

... and "fortunately" ...for genuine investors here... history has a wonderful habit of repeating itself, Owlo.

YL ;-)

"Those who expect the virus to kick off a global recession might be disappointed, as the impact is likely to be temporary," said Margaret Yang, an analyst with CMC Markets. "Central banks around the globe are ready to inject liquidity and cut down interest rates to cushion the headwind."

I agree with the statement above.

In the meantime... where DO investors go in a crisis?

Doh! Exactly...

YL ;-)

Schlemiel: "I believe the market was looking for a reason anyway to sell off."

Totally agree with that point... The Market are just like the tabloid press: they love nothing better than to blow a good story completely out of all proportion - in order to make a fast buck!

Frenzy sell-off followed by a frenzy buy-back. Blink and you'll probably miss it... just like last time... and the time before... and the time before that. The saving grace with mining stocks is that most are at all-time lows already... there's nowhere left to go... LOL

YL ;-)

Jersey,

Been thinking long and hard for a while about this and can only come up with two (possible) negatives:

1) If warrants are not fully exercised... another placing is likely. Should be 4.75p or above I would hope... but would create a little further dilution. Folk may say we are already fully funded this year, but most companies plan ahead and after the recent share hike... I think GH could look to balance the books well into next year?

2) Possible Newcrest take-over by Rio. Whilst not necessarily a negative (as they "should" still want to continue the JV on Havieron, it could cause some operational delay and put back timescales for us?

The rest is all "positive" as far as I can deduce!

GL A

YL ;-)

Arnie...

For some one who only turned up here late in January "THIS YEAR" you already remind me of "many" banned posters who have gone before you...

How long will you last... this time... I wonder?

YL ;-)

"Ah but you've quoted it out of context then - here's the full paragraph."

Sorry paddy... no intention to deceive... just liked those last lines BEST OF ALL.

Think you're right about the "Numis Brake" by the way. Look forward to another drilling update from Newcrest and a reappraisal from Numis in due course!

YL ;-)

I prefer the last two paragraphs from the article - Paddy posted - to summarise:

"This year is going to be an interesting year for the company and if all goes to plan, we could be looking at a significantly different price by the end of the year.”

Greatland Gold is certainly an exciting stock, and many market analysts think that this is only just the start for the AIM listed miner. It will be certainly interesting to see how the firm reacts to all the expectations and media speculation.

I am guessing that a few folk are skimming a profit here and there at the highs & buying back in at or near the day's low. This way they can increase their overall holding in GGP. Been doing the same myself up until very recently...

FOMO rules these days "for me" though and therefore far too risky to find myself on the outside looking in if a surprise RNS lands and / or the share is suspended as a result of a possible bid!?!?!?!

Happy to sit tight and see this one play out in the fullness of time. Feel more comfortable fully invested here than I have done at any time - in any share - since I started trading way back when!

Don't fret over day to day SP changes... simply relax & focus on the prize in the not too distant future... you'll not go far wrong IMHO.

GL A :-)

Speedy -

Agreed, GGP is still an AIM listed explorer - and therefore has a risk premium attached by default.

However, on the plus side, GGP clearly has a valuable prospect which is being proven up by a much larger and more experienced gold producer via a JV. Therefore the usual issues concerning explorer costs (getting gold out of the ground, additional drilling expenses, mine construction costs, and eventual valuation of asset) no longer apply here - as these are being undertaken & paid for by our JV partner... it has to be said... with a great deal of enthusiasm and urgency!

Unlike the previous debacle with Newmont... Newcrest have already committed extra funding, clearly need a new mine to feed Telfer as soon as possible and show every confidence in Havieron... having broadcast this to their own shareholders in all their most recent market statements. Having already waxed lyrical about the truly excellent drill results so far - unless they got their initial findings completely wrong... I fail to see how the mine would not proceed or become profitable for both parties.

The only downside risks I see currently are - delay due to operational issues and / or corporate red tape (just a question of further patience needed by investors) or the very real possibility (IMHO) of a full & or partial buy-out of GGP assets before the company is able to realise its full value potential. Even then, I would expect the SP to be much higher than it is now.

Compared to most of the other value plays I have been following on AIM for the past few years (across a range of market sectors) I agree with you: I don't see anything as exciting either!

GL A :-)

Hargreaves Landsdown and some of the others on that list are simply broker accounts - i.e: they represent all of the private investors (you & I) with holdings in GGP.

I think many folk here and elsewhere on AIM have issues sitting & holding profits on their AIM investments... myself included!
Casting your eye around, it's always tempting to dive into the next hot share to compound those profits as the heat goes out of the one you're already invested in.

Sadly - in more cases than not - it is "usually" safer to sit tight and wait for the heat to return, rather than chase rainbows elsewhere...

...and I cannot - for the life in me - currently see a better or safer medium term profitable prospect on AIM than GGP.

Looking forward to news and expecting it to arrive perhaps a whole lot faster than many think... would you really want to be sitting it out on the sidelines when this really takes off?

GL A & have agreat weekend :-)

Maddog: "yorks / you need to buy back in before you miss the boat "

Thanks - but NO THANKS. For anyone "GENUINELY" invested here... you have my deepest sympathy!

YL ;-)

"it's obvious the BOD read this BB as they replied to me by my handle"

It's been the case all along Ja51... in fact it's always been "abundantly clearly" that one or two here post on behalf of the BOD as their acting PR agents (and we all know who they are...LOL).

Still looking in from time to time and finding the day to day banter most entertaining.

Keep up the good work... searching for the truth!

YL ;-)

And that is how the big boys build a stake: with the help of their friends the MM's.

Well... I did think ( & hope) we were beyond all this nonsense... but hey ho it's still AIM after all! Feels just like the GGP days of old again.

Hope next week we see some common sense prevail... in the meantime I will be switching off again and coming back to see where the SP lands in the next few weeks.

Congrats to those who have "profitably" sold and bought back in lower. My average is under 2p... so I don't give two hoots at the moment... still more concerned that I will be on the wrong side of the fence if stellar news lands. Sitting tight and awaiting the inevitable... just takes a lot of patience... and a strong stomach at times.

GL A ;-)

Yeah Will,

I sold out of BUR on the last rise... sold off the rest of my holdings and have everything in here now. Have a healthy low average and am sitting on a large paper profit... Would normally cash in a percentage... but the story here is solid and the longer term play offers the best potential on AIM at present IMHO.

Most other AIM plays have great positives but also strong "potential" negatives... not so here IMHO. I plan to let this one fully play out!

Hope it makes us both rich(er)

GL ;-)

Hi Will,

Hope you're enjoying the ride... certainly makes up for struggling SP's elsewhere on AIM

YL ;-)

You would think they would "try" to be just a little less obvious!

Dear oh dear... LOL ;-)

Just keeps on getting better and better...

Thought it would take us the best part of this week to reach 5p and we're already there!

GL A ;-)

Strong appetite for shares here will continue IMHO. We are nowhere near the Numis target (and unlike "many" also-ran brokers... Numis are genuinely highly regarded within the industry).

I think there will be shenanigans and maybe some pull-back at times... but the SP will still seek out new higher ground IMHO & I think 5p could be broken on more good news by the end of the week.

GL A :-)