New man installed, drill baby drill! I'm expecting some good news soon! GLA! |
With Trump administration commodity stocks will do well in next 4yrs, those based in USA will benefit greatly, so funding resolution and big turnaround here :-) |
@Trader465 - Greatland Gold (GGP)! Only the 34,000oz of gold produced in the first 27 days of production 😉 |
Perhaps it's better to ask what went right? |
70p to 4.5p is a 93% loss, what went wrong?
Did people genuinely believe they were going to get rich by buying a cart before a horse? |
I'd say the 3p price is around the corner, then turn left at the traffic lights for 2p, then second left for 1p? All while directors run down the motorway with their fat salaries and fees?
What happened to that donald fella? |
sp below 5p today. Hope the 3p share isn`t around the corner. |
:D
Drinking already? |
I look at other commodity shares like Serabi Gold (SRB) and a positive news on funding and I can see a similar journey for this share price. |
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.” |
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
Hot Features
Premium
