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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ggg Resources | GGG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 25.875 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 25.875 |
| Top Posts |
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Posted at 15/3/2012 10:25 by retailronnie Fair point cb505! Guess he's trying to take some credit and respectability out a poor result."JL imho could be a great asset to us ." like the lib dems are to the conservatives? Deliverers of bad news. I don't know Paul - I try not to get involved with company investor relations - but imo they've negotiated and behaved very well to achieve an excellent result. |
Posted at 15/3/2012 09:37 by chrisbarker505 RR..."Very strong statements to make. Doesn't sound like he's slipping away into the background though post takeover." Did nt that Italian Captain make similar sounding statements as he jump off the ship ! JL is a complete tool who has held back investors in both AZX and GGG ,he f2cked up giving an asset away,then spent the rest of his time trying to hold back Ggg and make things difficult . However ,he never took his eye off his own generous options. Maybe the new guys will vote him out with a show of hands |
Posted at 14/3/2012 08:43 by parvez Jaws, thanks for this. Good to see a spread on institutional investors including Blackrock - they do tend to be very strict about there investment criteria. |
Posted at 13/3/2012 17:44 by johnma Funds have a risk criteria.When you dual list - this technically reduces the volatility with a stock so funds and ISA investors can invest in BBG. Secondly once the market cap of BBG goes over $100m again more funds will consider investing. Also a reason for MMS to scrammble for stock ahead of the demand, so anyone willing to sell at these levels will miss out on a larger profit in coming weeks and months, but each to there own. |
Posted at 10/3/2012 16:34 by hjfe Yesterday's Proactive Investors:Also in mining, it emerged that Brett Lambert will be the managing director of the newly formed Bullabulling Gold Ltd, GGG Resources (LON:GGG, ASX:GGB) and Auzex Resources (ASX:AZX) said today. This will become effective on May 1 following the merger of the two firms and Lambert will be responsible for bringing Bullabulling to begin gold production in 2015. In a note today, broker Westhouse commented: "Brett Lambert's appointment should give investors comfort that Bullabulling's development will be managed by someone with the requisite experience and skills. "It should also serve to draw a line under the previous tensions between GGG and Auzex." The broker added that GGG was trading at a significant discount to its peers with an enterprise value per ounce below $20 per ounce, compared to peers on more than $40 per ounce. "We have a 'strong buy' recommendation on GGG and a target price of 55p," it added. |
Posted at 05/2/2012 20:43 by temujiin 3 February, 2012 Who's been buying all the gold? Gold bears often argue that the gold market is now at the mercy of demand from speculative investors, who have piled into exchange-traded funds (ETFs), chasing gold higher. The danger is that if the market turns sour, they could pull their money out en masse and send the price plunging. But according to a study by Amit Bhartia and Matt Seto of US investment firm GMO, the majority of physical gold purchases in the past decade have not come from speculators in ETFs. Indeed, ETFs only account for a tiny fraction (around 7.5%) of the near-30,000 tons of gold purchased between 2000 and 2010. The demand didn't come from developed market investors or central banks either in fact, central banks have been net sellers. Instead, nearly 80% of the total demand for physical gold has come from retail purchases in developing markets. China and India's combined demand alone amounts to more than that of the entire developed world. In other words, "the main driver for gold's dramatic rise has been the emerging markets consumer", say Bhartia and Seto. Why? It's pretty straightforward. While trade liberalisation and the commodity boom has enabled emerging markets to prosper, their financial systems have not kept up with the pace of modernisation. Combined with a tendency to save rather than spend money, this has led to a large build-up of savings. (Or, as economists call it, a "savings glut"). Now, what can all these savers in emerging markets do with their savings? One solution is to invest it abroad. Some argue this led to the low interest rates that drove the credit boom in the US and Europe (as money from Asia flooded into US Treasuries and the like, driving down bond yields). However, capital controls mean that investing savings abroad directly is not really an option for retail investors. And the domestic stock markets particularly in China are far too volatile to be trusted with your life savings. There are of course domestic savings accounts. Unfortunately, in many countries the banking system is either corrupt or state-run. Negative real interest rates (ie adjusted for inflation) making saving money little better than burning it. The final course left is to invest savings in hard assets. Property has proven popular. But with prices in China at least at record levels, and now starting to fall, this has become less attractive. That leaves gold. "Combined gross savings in China and India increased from $557bn in 2000 to $3.4 trillion in 2010", say Bhartia and Seto. In short, there was a huge rise in the amount of money available to invest, "and given the lack of good alternatives, gold was a preferred choice". What does this mean for gold prices? You might assume that the tough patch that the Indian and Chinese economies have seen would therefore hit the price of gold. Not necessarily. Economic problems in these countries could in fact encourage people to double down on gold, especially if the banking systems and the property markets bear the brunt of the damage. Indeed, there is already evidence that far from reducing demand for gold, the collapse of informal lending networks and the end of the property bubble in China have pushed investors further towards precious metals. Year-on-year sales of gold in China increased by nearly 50% in the holiday period from 22 to 28 January. Gold sales in India also rose strongly last month, Meanwhile, there have been unconfirmed reports that its central bank will pay for its energy supplies from Iran in gold, in order to sidestep sanctions. That raises the prospect of other potential threats to the gold price. Beijing seems to be becoming increasingly uneasy about domestic money going into gold purchases rather than low-yielding bank accounts. At the end of last year, the Chinese government closed down all but two of the myriad of domestic financial exchanges where gold was traded. Although this doesn't directly affect individuals, it could be a first step toward restrictions on retail investors. On the other hand, a more open financial system could also impact on emerging-market demand for gold. If capital controls are reduced and Indian and Chinese citizens had more freedom to invest abroad, their demand for gold could drop. And if emerging-market consumers, start spending more and saving less in general, then this could hit demand for all savings products. The gold bull market looks set to continue However, no significant reforms are anticipated, while capital controls are likely to get tighter not looser in the near future. Therefore the short-term prospects for gold are excellent. Plus, as Bhartia and Seto point out, the importance of the emerging-market consumer means that those who argue that gold has become a hugely crowded trade among investors in the developed world are simply wrong. "This analysis indicates that 'conventional wisdom' demand is far from saturated." Both central banks and developed world portfolios have a lot of catching up to do, suggesting that "gold prices may very well experience another leg up". |
Posted at 25/1/2012 12:32 by temujiin A small extract form a Money Week article today. The 3rd para is the one that caught my eye. TemuWhat will it take to turn the gold miners around? But what could get gold miners out of their current slump? The PwC report notes that the companies are trying to make themselves more attractive. Some are getting more creative with dividends linking them to the gold price, paying out more frequently and, in some cases, actually paying in gold bullion. That's good news. In a world simultaneously starved of cash, but awash with it, dividends are an attractive proposition. As I've long said, the strategy should be find the stuff, mine the stuff, make money, give it back to the shareholders. It's not rocket science. Companies that do that beat the market. Plans to make acquisitions are also rising 29% of respondents were planning to spend their cash on acquisitions this year. Perhaps we'll start to see the long-touted-but-neve Obviously, certain strategies will suit some companies, but not others. It's up to management to make the right call. But company practice at all levels of the gold mining sector has to improve, otherwise they'll remain mired in 'dogsville'. It is no longer enough to just be a gold company in a gold bull market there are plenty of other ways for investors to get access to gold now. The market is demanding something more. And investors should be looking to those companies where management is acknowledging this and trying to do something about it. |
Posted at 06/12/2011 15:04 by tonester30ccfc Grum,Wiki extract: Securities underwriting refers to the process by which investment banks raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt capital). This is a way of selling a newly issued security, such as stocks or bonds, to investors. A syndicate of banks (the lead managers) underwrite the transaction, which means they have taken on the risk of distributing the securities. Should they not be able to find enough investors, they will have to hold some securities themselves. Underwriters make their income from the price difference (the "underwriting spread") between the price they pay the issuer and what they collect from investors or from broker-dealers who buy portions of the offering. Once the underwriting agreement is struck, the underwriter bears the risk of being able to sell the underlying securities, and the cost of holding them on its books until such time in the future that they may be favorably sold. If the instrument is desirable, the underwriter and the securities issuer may choose to enter into an exclusivity agreement. In exchange for a higher price paid upfront to the issuer, or other favorable terms, the issuer may agree to make the underwriter the exclusive agent for the initial sale of the securities instrument. That is, even though third-party buyers might approach the issuer directly to buy, the issuer agrees to sell exclusively through the underwriter. In summary, the securities issuer gets cash up front, access to the contacts and sales channels of the underwriter, and is insulated from the market risk of being unable to sell the securities at a good price. The underwriter gets a nice profit from the markup, plus possibly an exclusive sales agreement. Also, if the securities are priced significantly below market price (as is often the custom), the underwriter also curries favor with powerful end customers by granting them an immediate profit (see flipping), perhaps in a quid pro quo. This practice, which is typically justified as the reward for the underwriter for taking on the market risk, is occasionally criticized as unethical, such as the allegations that Frank Quattrone acted improperly in doling out hot IPO stock during the dot com bubble. |
Posted at 02/9/2011 15:14 by temujiin From SpikeyBot - 3iGold prices advance on global growth worries 2:05 pm Gold prices moved higher as nervous investors looked to safe havens in the wake of downbeat global economic data in recent days and wariness ahead of a key US jobs report this afternoon. At lunchtime spot gold was up 1.8 per cent or $33.2 US$1862.3/ troy oz having earlier treaded water. Analysts are reckoning today's US jobs data will show the struggling US economy managed to add 75,000 jobs in August, down from July's 117,000, with the unemployment rate seen remaining pegged at 9.1 per cent. Significantly weaker numbers than that will heavily dent confidence and reinforce fears the US economy is slipping back into recession. Growing investor uncertainty over the outlook for global growth and worries about Eurozone debt in recent months has led to investors piling into the safe haven that is the yellow metal. Bullion prices rocketed by around US$400 in July and August as a result. Wealth preservation seems to be an increasing focus for investors and with more key economic data out next week, including inflation figures from China, gold may yet continue with its seemingly inexorable rise. Notable risers included KEFI Minerals (LON:KEFI), up 1.6 per cent to 4 pence; ECR Minerals (LON:ECR), ahead 7.4 per cent to 1 p; Hummingbird Resources (LON:HUM), up 3.87 per cent to 1.48 pence; and GGG Resources (LON:GGG), 3.13 per cent higher at 25 pence |
Posted at 20/5/2011 14:44 by master rsi Westhouse Securities note - 20 May 2011 Price 32pBUY Target price 51p GGG Resources Mining Flash comment: Successful ASX listing; Bullabulling outlook Positive outlook for Bullabulling GGG Resources (GGG) has confirmed its successful listing on the Australian Securities Exchange (ASX), an integral element to GGG's offer to Auzex Resources' (Auzex) shareholders. Auzex is GGG's ASX-listed JV partner at Bullabulling, the hugely prospective gold project in Western Australia. The long-term prospects for Bullabulling are very positive, and the offer has led Auzex to focus on the asset and agree to fast-track its development. Key points GGG's offer to Auzex's shareholders, of seven GGG shares for every five Auzex shares, opened on 3 May. The offer period is due to expire on 6 June, although GGG has the right to extend that deadline. Auzex has announced that Baker Steel Capital Managers, the major shareholder in both GGG and Auzex, has given feedback to Auzex's Board "indicating its intention to reject the takeover Offer...urging both companies to work towards a friendly merger of the consolidation of the Bullabulling Gold Project". At face value, GGG's offer has become more challenging. The long-term prospects for Bullabulling have been enhanced by GGG's offer, however, as Auzex has indicated its intention to focus on the asset and accelerate its development. The inferred resource estimate at Bullabulling is 1.98Moz. Infill drilling is expected to lead to an upgrade from an inferred resource to the measured or indicated categories. The total estimate would also increase if: The cut-off grade is lowered: a cut-off of 0.4g/t gold, instead of 0.7g/t, increases the estimate from 1.98Moz to 3.07Moz; A revised specific gravity of 2.9, rather than 2.6, is employed, which will add c11% to the resource estimate; and The delineated resource is extended beyond the current 2.2km of the 14km strike length, and drilling goes below the current defined maximum depth of 120 metres. GGG is also due to release details of the scoping study at Bullabulling, in due course. The Bullabulling project has significant potential and we retain our BUY recommendation. Key data Ticker GGG Listing AIM No. of shares (m) 165.7 Market cap (£m) 49.7 Relative performance Over: 1mn 3mn 12mn Perf (%) -8.1 -6.5 +376 Price/AIM rebased to GGG Unless otherwise stated, all pricing in this report is from Fidessa, as of 19 May 2011. GGG Westhouse or its affiliates own more than 5% of the total issued share capital or have another significant financial interest in the subject company. The subject company owns more than 5% of the total issued share capital in Westhouse or its affiliates. Westhouse or its affiliates have managed or co-managed a public offering of securities or related derivatives of the subject company within the last 12 months. Westhouse or its affiliates are party to any other agreement to provide investment banking services (unless disclosure is confidential for commercial reasons), or have been party to such an agreement over the last 12 months, or have received or been promised payment for such services. Westhouse or its affiliates are party to an agreement with the issuer relating inter alia to the publication of research. The research analyst involved in the preparation of this report and any members of their household have a financial interest in the securities of the subject company. The research analyst involved in the preparation of this report or any members of their household serve as a consultant, officer, director, or advisory board member of the subject company. The research analyst involved in the preparation of this report may have received compensation from investment banking services revenues. The research analyst involved in the preparation of this report has received compensation from the subject company. Westhouse or its affiliates are acting as a market maker or liquidity provider in the subject company's securities or in any related derivatives. Westhouse or its affiliates may, at any time, have a long or short position in any of the securities mentioned in this report. Peer group comparison, investments plus cash. Risks to that valuation The project has not undergone feasibility studies so there can be no guarantee that the it will be taken into production This recommendation was first published on 15 February 2010. counterparties and professional clients, as defined under the FSA rules. Our research is not directed at, may not be suitable for and should not be relied upon, by any other person. Westhouse Securities Limited recommends that investors independently evaluate particular investments and strategies, as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives. This report is not an offer to buy or sell any security or to participate in any trading strategy, Westhouse Securities Limited employees and its affiliates not involved in the preparation of this report may have investments in securities or derivatives of securities of companies mentioned in this report, and may trade them in ways different from those discussed in this report. Westhouse Securities Limited makes every effort to use reliable, comprehensive information, but we make no representation that it is accurate or complete. We have no obligation to tell you when opinions or information in this report change apart from when we intend to discontinue research coverage of a Company. With the exception of information regarding Westhouse Securities Limited, reports prepared by Westhouse Securities Limited research personnel are based on public information. Facts and views presented in this report have not been reviewed by, and may not reflect information known to, professionals in other Westhouse Securities Limited business areas or its affiliates. The subject company may have seen a copy of this research report, absent a recommendation, to confirm factual accuracy. Westhouse Securities Limited research personnel conduct site visits from time to time. The value of and income from your investments may vary because of changes in interest rates or foreign exchange rates, securities prices or market indexes, operational or financial conditions of companies or other factors. There may be time limitations on the exercise of options or other rights in your securities transactions. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realised. Ratings system Westhouse Securities Limited uses a five-tier stock rating system to describe its equity recommendations. Investors should carefully read the definitions of all ratings used in each research report. In addition, since the research report contains more complete information concerning the analyst's views, investors should carefully read the entire research report and not infer its contents from the rating alone. In any case, ratings (or research) should not be used or relied upon as investment advice. An investor's decision to buy or sell a stock or investment fund should depend on individual circumstances (such as the investor's existing holdings) and other considerations. Equities ratings are explained as follows: BUY: Forecast absolute total return in excess of +15%. ACCUMULATE: Forecast absolute total return of between +5% and +15%. HOLD: Forecast absolute total return of between -5% to +5%. REDUCE: Forecast absolute total return of between -15% and -5%. SELL: Forecast absolute total return of less than -15%. Total return is defined as the movement in the share price over a 12-month period, and includes any dividends paid. Distribution of Westhouse Securities Limited's equities recommendations: Westhouse Securities Limited must disclose in each research report the percentage of all securities rated by the member to which the member would assign a "BUY", "ACCUMULATE", "HOLD, "REDUCE" or "SELL" rating, and also the proportion of relevant investments in each category issued by the issuers to which the firm supplied investment banking services during the previous twelve months. |
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