SP drifting down bad. let's see if there is a seller in the background in the coming days.
8 Oct '14
thanks GBGR, everything looks good. Looks like some fat intercepts. CPR is probably going to be a pleasant surprise.
7 Oct '14
why on earth
do ppl interpret these latest results negatively. is 2 months too long to wait for the CPR? i understand things happen slowly in GBGR, is it just a case of better opportunities, or are those chunky sells a case of fundamental misgivings about the future of GBGR? POG dipping, but that has negligible impact on us.
30 Sep '14
bumping along accumulation zone, going to hazard a stab in the dark and say our next holistic short term target is 4.5p with CPR or roughly £100M MCAP? Is that unreasonable??
30 Sep '14
is that the CPR will come out at just over 6M oz... they neglected to RNS these 7 new DD results because they were over optimistic, and quietly did some more targeted drilling when Venmyn told them the estimates were out. Question is will investors bite in Q4 when the CPR does come out? Or will there be a run-up and then dumped on news day?
30 Sep '14
the JORC compliant CPR will be recognized as intangible assets in H1 2015 interim statement? Currently trading at a $30M premium to NAV until that happens. Management are demonstrating exemplary prudence with current cash flow and cost containment, wondering how they will fair when those cash flows increase substantially with the U/G mine. Either the CPR is going to come out at more than the 6M oz internal management estimates or they were over-optimistic in their estimation and have included these 7 new DD holes to top up their estimates. The shaft isn't planned to those drill depths yet? They would have to dig a deeper shaft to get to the same oz - increasing their cash costs per oz overall?? In any event, a considerably productive first half by any measure. Now if I can just find the patience to leave this in the bottom drawer for the next 3/4 years, we'll all be many multiples ahead.
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