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The binge in central-bank gold buying continued when the People’s Bank of China announced at the start of the week that it added another 10.3 tonnes of the precious metal to its holdings, analysts said.
Commerzbank pointed out that the Chinese central bank has now added to its gold reserves every month since December.
“During this period, it has bought a good 85 tonnes of gold in total,” Commerzbank said. “One reason is likely to be the trade dispute with the U.S., which has prompted China to reduce its dollar holdings and U.S. Treasuries of late.”
A lot of mentions and references to Greatland & Havieron. Roll on the results
Nice find paddy, you think folks trying to tell us something ?
Can i use your post for my tweet Dingo
And about silver the Peoples Bank Of China is loading up on it
We only dropped 2.3% after a few days of decent rise, the vibe seems a bit subdued, I still feel we are on the brink of a potential mammoth of a result. We have several assets in what is the hottest gold mining district in the world right now, air surveys suggesting 20 Haverion size targets.
Haverion itself being referred to as a bench mark and essentially created this rush to the Paterson for other exploration companies, and we are worrying about dilution. Gold price could go through its current high of $1430 at anytime, ggp could release news of high grade drill results all within reach of Telfer processing. I still feel this has huge potential.
I'm not going to say hold for gold, as been written to many times, but the mining industry holds Haverion in great regard, to the point where other exploration companies are racing to stick a flag in the ground as close to the prospect as possible, that's got to mean something and give us something to hold onto. And I don't mean the flag!
Even silver had a bit of a sprint today !
Link to a tweet with a video from Samso who chats to Ed Meads from Artemis.
Absolutely. 1 would be epic.
I'll take 2 bags, thank you very much !
Unlikely to 10 bag but a bag or 2 might be possible.
I have just fetched the video version of Rick Rule*s for Hunting 10 baggers dated 15 July 2019. The link: https://twitter.com/FergHodgson/status/1151195236619771905
If anyone listens, let me know if there are any changes to the printed version. Thanks.
Yes, Dealer 55, I think you twig my point about the £63m mkt cap.
I think RR is pretty exceptional. It is one of the reasons that I hold SII shares. I think it is fun to hold some stocks like GGP but Sprott Inc. have a lot more people with a lot more experience, access to private placements etc. Just look at the sway their report had on the thinking on this board. Dividend and leverage on the gold price too ... But nowhere near as 'fun' as holding GGP :o)
I have just seen a video interview with Rick Rule on how to find 10 baggers.
It was an interview and the tweet is today.
I did not want to listen to it. I know that age old principles from Sprotts do not change. Evaluation is a standard method common to all analysts and investment houses.
Even investment groups do the same method.
So, I decided to look for a version of the article in print rather than video. I do not have the time to view at the moment.
When you asked me about Telfer and what grades are profitable, I think NO ONE can answer that with any accuracy as one has to be an Economic Geologist and they have their internal tables. From a public point of view, one can know Newcrest all in cost but that will NOT be accurate as Telfer is now aging. In the latest I read, they will try to employ more up-to-date methods ie majors which includes tech eg autonomous etc.
I posted Artemis article to show that Newcrest are looking for higher grade ie grades higher tthan Telfer is currently obtaining.
As for Newcrest 2016 technical report, that is an official compliant report. That cannot be outdated. I have just checked : Newcrest has a technical report on Telfer dated 2013 for the underground part.
I did say that if one wanted all the report, then one has to pay thousands to Wood Mackenzie. It cost $2,250 via https://www.woodmac.com/reports/metal-telfer-copper-mine-16232181
Since HAVIERION drilled ONLY 9 HOLES, there is no point in seeing the later technical reports. In fact, the EARLY TECHNICAL REPORTS will show the EARLY HOLES. For that reason, Gervaise Heddle, CEO of GGP said that at Blackhills is reminiscent of early days of Telfer - that*s why I posted the blog from the Telfer geo to show what the nugget looked like and the one*s shown by GGP.
Or perhaps Yorkshire a placing at a much higher price than the warrants is expected? Guess we'll know within 3 weeks
After all, dilution is dilution at the end of the day whether warrants or placing shares.
Thanks news, I’ve been her a while with a low hold, it feels different however as you say £63m cap isn’t insignificant. And it’s never in my time passed or convincingly held above 2p, let’s see if it has the news to rise and hold, I thought the last slow ish rise to 0.025 was nice then a bit of news and it lost a penny so easily.
With all due respect News. The article you just linked to is dated 2014. The grades you used in a previous post with reference to Tefler were dated 2016. I asked you a question as to what grades you thought were feasible for Tefler to be profitable (.87 g/t obviously isnt) and you havnt replied.
As we know Willem from the CDF fund has completely changed his investment process and I'm pretty sure Rick Rule is constantly adjusting his investment mandate.
I'm afraid I find your research out of date and without merit at this present time.
Last point, I would like to clarify.
I posted the Rick Rule article to back up what I told Stout.
So, from a £63m mkt cap, it will need to go to £630 million to become a 10 bagger. That*s almost the mkt cap of Solgold*s re-rate of US$1 billion [29p+ currently with a 52 wk high of 45p].
So, I brought up Paul Johnson as he entered GGP when the co was not even at Ernest Giles yet. When the Ernest Giles drill was done, he was no longer here. Hence, if I did not hear the interview on Proactive Investors, I would not be aware he was here PRIOR to the later project. So, he was a director in this co at one time. I do not know of anyone that bought at 0.10-0.13p.
Otherwise, people think a 10 bagger is from £63m which is harder than from 0.10-0.3p which is the historical data.
Not sure why all the ?. You said you would like me to answer your question since I am good at research. I dont know what you wanted to know as it was not clear from your post a few days ago. The mkt is closed so I think I leave you with your thoughts.
As I told Stout, the mkt cap is £63 million.
In order for the price to re-rate [or de-rate], it will depend on the potential size or scale of Havieron, Black Hills and Paterson Range East.
GGP thinks that it could become a $1 billion co. However, bear in mind that Havieron is not 100% owned.
Like the Rick Rule method, I have done an evaluation of the potential mkt cap on a conservation number. However, I did say that it depend on whether the Market or MM*s will re-rate to that mkt cap [or it can also de-rate].
As there is no model, one has to do one*s own in different scenarios.
The $1 billion mkt cap is the industry speak for a Tier 1 re-rate as in Solgold [historical now].
That*s the way I see it as elucidated by Rick Rule.
The share price of GGP has NOT risen a lot. So taking into a/c the price, there is not much interest from pure traders who do not appear to be on this forum.
GGP is not easy to read due to the limited info and geological models. Sprotts report helps but again, it takes in the different scenarios.
OK, that*s all.
My thinking as follows:
The last placing was almost a year ago... and the current warrants will expire unless we have some stellar news to raise the SP above the 2p threshold by expiration date, in which case the BOD may think it prudent to raise further capital ahead of Havieron reporting?
If they get great prompt "positive" feedback from Newcrest, then I assume the SP will reflect this when shareholders and the market are RNS'd - in which case no need for a further placement as the warrants will fly off the shelf as the SP reflects the news.
Fingers crossed :-)
PJ sold up slap bang before EG episode after ramping it for 6mths. Tax bill n divorce? He must of been pretty quick to find a new wife and start buying shares with her then!
That's a shame. Many on here seem to think this company is not typical of AIM - maybe it will try a different option. Perhaps we should suggest crowd funding!
Nice one howabouthat....
In answer to comment about Paul Johnson, it was an interview by Proactive Investors about the co*s he*s invested in etc. Paul Johnson was so long ago - I was not here at the time as there was nothing going on. I brought his name up as he may be the only one who bought in those early days. I think Prospector also bought at around this price from recall. Paul said in the interview he has a target and he had to pay tax and a divorce.
For clarity I posted a few days ago [kindly check] on the Telfer drill results via 2 article, one to show the nugget that they found and the other on the inferred and indicated grades.
Prior to results known, people tend to want spectacular results but the Newcrest Technical Report does not show Telfer to have grades of 5 g/t.
Also showed Solgold*s Tier 1 grades from their Technical Report to back it up.
Otherwise, I have not posted for a long time on this forum. I said that I would be watching and tweeting if I see anything on Paterson. PaddyGall said he saw my tweet today.
The old comment is that I dont post. Well, in the follow up, I have some questions so I have to come to this forum as I do not know who PaddyGall or Tiburn are on Twitter. Also, they have to follow you and you have to follow them before one can message to ask.
I am aware Orion from Australia posted here so he is the best man to find out where Panorama is located ie is it near Beta Hunt.
I would also like to hear from Australia geo*s who used to post here plus other Australians as they are more familar with Paterson, Western Australia.
Hope that clarifies. As Rick Rule said read, check everything as ultimately one needs to find out the exploration data eg from Paddy Gall on Paterson Range East.
So, if one shares research ie factual data, I think it helps as Rick Rule said.
One cannot do co visits or site visit to Australia and moreover Orion is in the business and he knows that Panorama was not conglomerate gold and therefore less complex.
As far as I can see, the share price has been stuck in a narrow range which shows everyone is waiting for the result. So, cant see any of the roomping?
Paul Johnson? Did you really just use his name as an example.? The mere fact he has no notifiable interest in GGP gives me more confidence. Pump n dump, raise cash for the company he's 'become a director of'
The the love of Milky Ways.....