Member Info for zoros

On paper Miagi, the CFP and the PFS should be a major step up for the stock. The emphasis on 'should'. Lot to (a) ask for and (b) look fwd to - in December then?
Z

Add. Many thanks for that. Appreciated.
I thought, hang on a minute - is this CFP something much bigger than it's made out to be?
Z

Baby / Nuggs - no disrespect to Mercedesman but those who make 'serious money' are very very few and far between. The vast majority who 'dabble' in S and S, really haven't a clue / do little or no research / lose lots of money. It is after all - gambling.
So be very wary of posters who tell you they have doubled or trebled their money; those who for some inexplicable reason tell you their personal details of how much more they have thrown at a stock or how many more shares they have bought (who cares!).
You MUST do all your own research across a plethora of sites. Only then can you sleep at night if heavily investing. Above all, ask yourself the biggest question of all - can you afford to lose the lot, because there are posters on here who have had a torrid experience with countless past stocks that have gone down the pan faster than a bad curry!
I will say this though as a parting shot (and I choose my words very carefully) - some stocks are very promising and look as if most of the risk has been removed. This can only be identified by hours of research. If you find those companies - stay close to them and consider an investment but only to a level where you can still afford to lose it if the wheel comes off. The closer these stocks get to their final destination and the more 'milestones' they pass, the safer the stock and the more you can invest. Warning: ALL stocks see saw en route! Often - it is by utilising your 2nd currency (time) that you weather these storms.
You might be very close to an example stock right now - WTFDIK ;)
Z

Tx Add. So let me be clear - based on my 2nd definition, endorsed by yourself, the CFP (which apprently is published alongside the PFS next month) will expose all those who are interested in financing Alpala - yes?
If this is true then the lid will be blown off all the second guessing as to who is involved in bidding or JV'ing?
Have I (you) got that right?
Z

I refer to my post @ 1319.
Any takers perleeze?
Z
Because the 2nd suggestion will have a profound effect on the SP.
Z

Baby - how long is a piece of string?
There are literally hundreds of PI's watching this board who are investing in GGP. Of course when you look at all the other stock and all the other PI's, we're talking possibly hundreds of thousands of investers possibly over a million?
Each has their fund. It could be £100 it could be £1,000,000. Depends on your background eh?
Like anything material in life, you buy what you can afford.
WRT this share - seasoned vets will have dabbled for decades in stock and bought and sold relatively successfully to have a large 'pot' to play with. Others are just plain rich (but these are very few and far between (on here) because very rich people have wealth managers doing this sort of thing for them. I suspect (from my decades of experience) the 'mid percentile' here are between £1000 and £100,000 as a very rough fag packet assessment. There are extremes and as I have said before, a survey was done on here in august (?) as to who had what and of the 275 who responded, 167 ish had over 1,000,000 shares in GGP. Bear in mind this was a tiddler penny share only 18 months ago.
So welcome, play safe don't get greedy, heed the comments from the well meaning on here and pace yourself.
Personally I think this is still capable of reaching 75p+ (at the current level of discovery). So theoretically you could triple your investment.
One last thing - in the world of investment, there are TWO currencies - the £GBP and TIME. Both arte limited resources and both need careful investing.
GL
Z

Welcome Nuggs. I suspect you can't call anything a Tier 1 until and unless it has been independently confirmed. The first 'step' enroute to this confirmation is Hav's MMRE in December, but even then it is still only an estimate (Maiden Mineral Resource Estimate). Theoretically one should wait for the PFS (Pre Feasibility Study) before jumping to conclusions but the 'majors' have been at this for so long now, they occasionally have a tendency to call a prospective mine - a tier one based on their experiences - much earlier.
In theory - Hav is still all estimates!
Z

Agree Colonel. I take it that the PFS does NOT take into account Porvenir?
IF Porvenir is another Alpala+ it would make sense to dispose of Alpala or JV it soonest due to: CGP / Costs of Bulk Mining.
Porvenir is 100% owned and looks like an open cast mine with better mineralisation and volume.
[I still get that background feeling with NM in that he wants to be another 'Twiggy@ Fortescue Metals. (IE: Go it alone to production). Much to my disapproval.
To counter this - BHP will bid post BFS.
Z

Can someone 'interpret' what exactly will/does the Conditional Finance Package provide?

Will it describe what is on offer from Alpala and what it might be worth?
How much the production costs might be and how prospective buyers might like to go about paying for it?
OR
Will the CFP show what prospective bidders are offering as a means of capital investment in Alpala?

Finally, I think I understand that the CFP will become effective only on completion of the FS and all permits and approvals are in place - yes? [for FS read: BFS?}
Thanks in advance
Z

Please? Just for a minute or three:

No mention of the 11th hour on the 11th day of the 11th month, here on Solg.

So I'm claiming 5 minutes concession time just to clear the air and ask you to consider some mindfullness at this time:

1. https://www.youtube.com/watch?v=B804bBxIVpA
2. https://www.youtube.com/watch?v=izQsgE0L450&pbjreload=101

Let's remember those young men who went over the top into a wall of fire.........
Z

Surely the moment cannot pass without listening to this...a quiet moment in one's life...to remember the horror of war.
I first heard this in the film "Gallipoli", when the troops were ordered 'over the top' and faced certain death in their thousands.

https://www.youtube.com/watch?v=N3MHeNt6Yjs
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Schlem - you're reinforcing the observation that you are becoming more and more unstable and unreliable.
Perhaps (as you no longer have any material involvement in Solg or GGP) it's time to move on?
Z

1. Its overview of the PoG:
Near term drivers of the gold price are expected to be further monetary policy from the US and doubts over the potential vaccine’s rollout.
2. Its view of the Board reshuffle:
https://goldchartered.com/2020/11/10/todays-market-view-beowulf-mining-ceres-power-ironridge-resources-power-metal-resources-solgold-and-more/
[Tx Pob].
Z

"...We have new elections in Feb and BHP have said they will wait until after this event..."

You need to show me the link to this. How are you the only one to know about this across all boards?
Let's see how you respond eh?
Z

Ruprah - ooooh, I bet you're sleeping on the sofa tonight! Nice timing vicar.

PM's caught in the headlights today - well and truly:
Total drop of around 10%. Comparable with others in the sector(GGP/OMI/FRES/ORM/PAF).
The vaccine story is a kneejerk reaction without doubt (great news but overblown response due to pent up frustrations these last 9 months).
Mass exodus from gold will slow and then reverse over the coming weeks as we see Biden policies bite and global financial restructuring take effect. Approx $5,000,000,000,000 green drinking vouchers flooding the markets shortly.
Gold is and always will be 'the' safe haven and nothing will distract it from reaching its rightful levels. GGP will have its day.
This is capitalism on speed! Take advantage of the ride........
Z

Solg was doing very well this am (up 6% at one stage) and we ended down 3%. Total drop of around 10%. Comparable with others in the sector(GGP/OMI/FRES/ORM/PAF).
The vaccine story is a kneejerk reaction without doubt (great news but overblown response due to pent up frustrations these last 9 months).
Mass exodus from gold will slow and then reverse over the coming weeks as we see Biden policies bite and global financial restructuring take effect. Approx $5,000,000,000,000 green drinking vouchers flooding the markets shortly.
Gold is and always will be 'the' safe haven and nothing will distract it from reaching its rightful levels. Solg will have its day.
This is capitalism on speed! Take advantage of the ride........
Z

Very well put rcgl2, answered my questions anyway.
This speaks volumes:
https://shareprices.com/sectors/mining
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Hear hear James!
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Hi Bubble. Van Eck have to buy certain shares when they reach certain criteria (or vectors as the industry calls them), it seems.
https://finance.yahoo.com/news/gdx-versus-gdxj-2-key-130001546.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAN3uwAGLxg5nCirRPuUcOAZNRFEeSjYAdNCtf4r1a0MtEA4Ru9AHtuGPht-520UpOIIT4I782I5XNIF9y0b7COKH2lRXGTJ7FxYPf3FvTf2ENNtrHRV6kpqTZX20Eo0C2Mj7byCTWizU7pjYhAO43sx05CDk2g6rQCDbbavhemZB
Hydrogen came across this before anyone even had a clue what ETF's were all about, I suspect!
In the instance where GGP were involved the Van Eck GDXJ bought shares in the company to the tune of 0.66% of the ETF value, which at the time was around $660m dollars I believe. This resulted in Van Eck buying around $27m GGP shares in their first tranche and apparently the balance of around $8m is being bought in December. The share price rocketed on the rumour and then the news by about 12%. It subsequently cooled to a more reasonable level. We await the December purchase.
When I saw that Van Eck had bought Solg, I jumped the gun vis a vie value (believing a bumper purchase of Solg shares) but rclg2 has kindly advertiaed that this particulr ETF is only valid at $15m, so only about £7k shares were bought in solg!!!
Z

rcgl2 - thanks for alerting me to that. I should have checked properly. What the Van Eck was I thinking about! Thanks for letting me down...gently!!
Z