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I think your last line is key here Zoo.
How low? put a figure on the back of a fag packet and pass it round this board; some will say as low as 4p. Most will avoid trying to put a number on it.
Sp in a state of flux as we progress - more than likely.
Discoveries - all to play for; that drill is turning as we speak. After all and until it is decided for us (in the short term) we are an explorer and we are good at finding gold/copper and who knows what else.
Up/down/round and round and on we go as the world economy turns to ****. You make your own mind up on that one. Good luck to you.
It seems to me given where we are at. We've had the good news being gold was found and we have a JV. The mine is being constructed and drilling continues in other areas. It was inevitable there would be games played shorting etc along with a drop in the SP. I doubt many of us thought to this extent though. Given the investment GGP has acquired a return is required by said organisations that have invested, so is it possible that if SD were to release an update saying a new find has been made would the SP rise then do the same by falling back until production commences? Hence is it a case of, gold found, JV sorted, mine preparation started, investors on board, then production and in between time the SP goes into a state of flux whilst we wait for it to all come together? If so the question is how low will the SP go and what are the risks associated with that retrace? I hope SD isn't just playing lip service as he tries to work out a plan, but in fact does have a sound plan and a little more patience is required.
GLA
It seems everywhere is a mess at the moment which doesn't help.
Zoo
Any other company and sd would have to wear his hard hat tonight but he will be cheered buy the faithful, no doubt
What would be the process is my point? IE ring up ncm,'we've got 30% of Havieron by stitching up ggp pi's with a low sp takeover,if you don't sell your 70% we' lol do same to you?
What SD has planned , at the moment won't make much or any difference at all . Just look at the excellent results for the last 18 months .If Greatland said that Havieron had been traced to Melbourne , the sp would probably drop ! These are insane bearish times at he moment and nothing that SD or anyone else says will improve things for the foreseeable future .We have , at the moment , the perfect storm economically . It's difficult to comprehend just how appalling the markets are today , compared to 2020 .It really is a night and day scenario. But things change , EVENTUALLY. And a turn around will occur at some point .A kings ransom of gold will never be ignored , and will be utilised in the next few years .But inbetween now and then it's a case of riding this storm out because believe me , its a bad one . I will give it 2 years for things to settle and turn .Up till then , button down the hatches and put the telly in the cellar .
Ace it sounds like hydro wrote that one for you
It is getting pretty messy out there speedy. Super strong $, massive debt (world), inflation soaring, interest rates coming home (after 10 year absence), BOE trying not to dance to the markets and IMF tune. Governments trying to hold their nerve!!!
Cash is king for now and those that have it are holding on to it (watch the lenders pull mortgages and upping their rates).
When will we see gold break out - it is looking like there is no asset class (including property) left that will protect wealth other than gold/silver and precious metals.
As always with economic "moments" like these it will be interesting to see how all plays out.
Hi OTBR. 15p would probably not even be put forward from the BOD for a vote. The big boys bought in at a much higher level and they are not in the game to give away funds. To all the folks underwater at this moment, hold for a few months more and lets see what SD has planned. I am expecting to be pleasantly surprised. ATB Speedy
It's gradually dropping each day. Please stop. I was thinking of topping up but everytime I do it drops. I have averaged down from twenties to my new level of 15p . So nowhere to go or do and just have to wait was hoping for 26p but people talking of a cheeky 15p offer would leave me equal
Price of gold has taken a hit recently but to sell is quite high.
My broker for Britannia's is asking £1648 to buy, £1531 to sell.
This has been the highest for some time due to the $
Tom not here it isn't but there again LSE don`t really have a clue.
https://www.lse.co.uk/rns/GGP/havieron-project-3-dimensional-model-g26zzn5ugdvkrdy.html
It is irrelevant from a business viewpoint at the moment. Ggp gave their assumptions of copper and gold prices around which they’re working on 19th. August.
The price of gold is irrelevant at this stage, when it was flying earlier this year we were still falling
Well you had better get your kitchen sink ready…..
Don't worry BTD, a request was put in for a 3D model of Shaun's stomach so you can assess his dietary intake for today ;-)
I got u covered homie!!!
Well the Bank Of England has announced more QE so thats great for Gold Price in GBP and im just awaiting the yanks to do it next and the price of Gold or POG should get its next leg up and that should give this SP a lift?? we will await and see?? regards Nobby
Devil your post 10:39 - actually put a smile on my face. I would guess that does not mean much to you but for once you have posted with a bit of wit; this is a relief from you usual crap.
But looks like the cheerleaders are ignoring you.
ITS - deep pockets mate, twiggy and co more than capable of seeing of NCM (but as you are a very knowledgeable fellow you probably know that) ; but by then there is every possibility you and I (and most on here) will not be around.
I don’t think it’s fantasy. That’s pleasant.
Reading this board, the thought of further dilution and debt would cause apoplexy.
Hi All. Most on here know my views on debt. There are massive debt problems all over the world and most can never be repaid, just rolled over creating new bigger debt with a higher interest rate. With the Fed tightening and the supply of $s shrinking a massive default is in the offing. Along with a stock/bond market crash will come a rush into real assets and gold/silver and the producers will see a massive lift off. It is not pleasant to watch our SP decline at such a rate but i am convinced a profitable future awaits those who hold. ATB Speedy
Provision for services - hungry jacks etc
Good link - more than a 3 d model - pretty informative- especially the mine layout. Can anybody explain why they positioned the box cut in that way - meaning they immediately have to do a 90 right turn on the decline?
Sandgrounded,so how exactly would SD and his backers go about buying Havieron,fantasy,so now it's SD and backers,not ggp?
They’re still digging around, aren’t they? Publishing results and aspirations. Not unusual for miners.
But it isn't a 20mn Oz Gold resource, let alone a mine, yet.