The longer term GGP chart, London07, is still bearish. A bullish "Golden Cross" (50 day EMA rising above an already rising 200 day EMA) has yet to appear on the GGP chart.
Don't forget PUR was an existing Gold producer with a high grade gold reserve and resource in a highly rated licence area in Canada. It also had some very substantial backers including Sprott. However it still went bust less than 2 years ago. Mining can be a very dangerous business which is why, even though I'm exceedingly bullish on Gold, my money is invested in GPM.
PS GPM has shares in GGP. GPM also had shares in PUR. |
GGP - net equity only $40m while the market cap is a huge $837m, shares in issue 13 billion, 2023 directors salaries, fees $11.52m, 2024 directors salaries and fees $4.67m
Out of the fire into the frying pan? |
Just stick your money in GGP and you will 5x or more in the next few years without any of the risks here.
In Australia
They are already producing Gold
Have full 20Mtpa infrastructure already
Have funding from top tier global banks
A big rerate is coming at GGP, not many understand the deal they have just pulled off. |
Happy New Year LTH's.
Finance is the news needed, the demand is there for precious metals. Will be a dramatic turnaround if they can get it sorted. |
He’s still not out in Australia |
No response from POF. I think he has deserted the ship. Hope not. |
Agreed jb, but I havent bought tens of thousands.
Just enough to justify my threads here and in the hope that monies come through giving me a small profit.
I have 3 big losers this year on AIM and do not feel the need to invest in this market for at least a few months.
Sadly, the three losers were best picks from the mail a couple of years ago.
We all get them wrong sometimes. Haha |
:D
Not wary enough!
There are literally thousands of companies and you choose one you’re very wary of to re-invest in… after they’ve lost you thousands.
:D
Doesn’t that sound bonkers to you when it’s said out loud? |
Bought a few back when the price was 5p. Nowhere near as many as my original holding.
Can afford to lose a little bit, but am very wary of this Company now. |
They would only have a few days to announce any move below 1% barriers...if they followed FCA rules that is...but I'm not sure they seem the type to do that !Could they have created a synthetic short and then lend their stock ? Again shorts need to be reported..separately.Have they pledged the shares to support loans ($5m ??) themselves?? Seems likely looking at past use of debt and collateral Do NIU actually have any money ??They don't seem to have any committed capital under management and precious few investments that can be checked.Since they made a press release supporting their position perhaps they should up date on where they now stand as they have had a significant negative impact on the companies shareholders by not meeting their stated commitment.I did mail them some time ago ...no response.Near future..released end September.hTTps://www.londonstockexchange.com/news-article/market-news/niu-invest-se/16686541 |
Yeah I agree. V unlikely… but…
(Oh and he wouldn’t bother re the RNS) |
JB2 - Probably would have to RNS that.
And if they started selling, the share price would plummet so fast, it wouldn't be worth their while.
So 99.99% certain, that's not their game plan. |
Here's an interesting idea.
Has the company checked whether NIU have still got all their shares?
Top hilarity if they've sold them down and made more than $5m. If they have there is zero chance of getting any more of the bond money from them. They wouldn't hand over another 5m if they've sold down their influence.
Not sure the volume is quite large enough since they got them back in Jun but when you're swimming with fish with big pointy teeth... |
You’re still a holder???
And he’s still an “old buddy”???
Jeez. It’s hard to let go for some. I thought you said you had sold?
kj:
“I haven`t posted here for a while as I got rid of my shareholding after becoming disillusioned at the lack of credible information forthcoming over many months of delays.” |
It looks like my request for answers and more openness from the Company is falling on deaf ears once again.
Less of the bulls..t answers and more truths released to we share holders might allow us to sensibly decide whether to hold on to our shares or not.
It is not being negative that important questions are asked. The Board need to understand that.
Their reluctance to committ to dialogue just makes me think that they have got something to hide, and it is making me nervous as to what it is.
I wonder if Pants on Fire is still a shareholder here. Come on Pants. Give us your input old buddy. |
What was the BFS starting to show such that they didn’t want to finish it?
In July ‘21 a “definitive feasibility study” was expected by October.
It has never materialised. Yet Donald is sure that once the money is received a profitable mine will be open within months.
(A BFS would vastly increase the number of sources for borrowing money for a mine - it would no doubt enable mainstream lending at lower rates than they will achieve without a BFS)
Mining is more complicated than many investors grasp, (includes PR execs it seems). It’s not “push button”.
HUM is a salient lesson in how poor management can ruin a promising mine. Not that I’m suggesting PXC has a promising mine. It has a borderline mine IMO. |
Odds with PXC are at least 50:50 (IMO).
Probability of losing your lottery ticket cash is several different leagues more likely.
Not even comparable. |
“You could be getting 1000% return”
IMO you’d be better buying a lottery ticket |
There's definitely risk here with PXC.
And questions to be asked.
But the potential reward from this point is big.
If you topped up sub 4.5p, you could have a 10-bagger in the making (and that's just for starters).
You could be getting 1000% return on that investment...
Just need PXC and NIU to sort out what ever they are sorting out, which is still very much in the realms of the possible, if not the probable.
Could still be a 10-bagger from here too. |
well it takes one to know one.... i am a cheater. i was cheated.... so i recognize signs. and also - one never knows - what is really going on |
Lets wait to see if he responds. He must be as sick as we are about the current sp |
What answer are you expecting here?
You’ll either get no response, or a “yes of course I’m still here, I haven’t sold any, I still hold, everything will come good” type thing. The truth of the matter is nearly always given away on other measures. |
Whatever happened to Pants on Fire? Is he still around or has he deserted us |
Got to agree that a placing could be made shortly.
Funds will certainly be required and how far away is the bfs
If the money isn`t coming then to survive, at 5p per share, another 20m shares would only create £1m and even this amount won`t last long.
Sad days ahead unless the bond loan happens soon. Overall debt is continuing to rise and Konnex have spent all those millions , well enough said. |
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