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Dsmith a very brave and true post , it goes to prove you should not follow anyones advice on here , always make your own mind up
Thanks Zoros - perspective is a wonderful thing and your timelines of what is due month on month certainly provides that. Thanks Scarab for your honesty and pragmatism and thanks Bamps for reaffirming what was said over 15 months ago about Hav, that they have yet to find the ends of!! VGLA
Hi Redirons.....The DFS is out(forecast) during Q4/22. This is a major milestone for a host of reasons:
Much more accurate assessment of the economics/technology/plan/costs from +-25% accuracy for the PFS, to +-5% for the FS.
Decision time to go mega mining underground as a JV.
Major update of the resource.
Producing the FS is not cheap but as we see - NCM will be paying for it ;)
The market likes it because it is a serious intent to proceed and the SP should move north if the DFS delivers.
However, I am hopeful that the MRE2 in Q1/22 will please a host of 'players' and this too should uplift the SP. Brokers are suggesting around 25p all being well but of course this doesn't take any other finds or mega results from Hav/regionals into account.
2022 is shaping up to be very busy year and possibly the final hurdle before unlocking the prize we have all been patiently waiting for. Lots of good news over the next 12 months, to be sure!
Meanwhile a small reminder:
Q4/21. 24 Assays pending.
26/11/21. Firetower/Warrentinna mining rights expire.
09/12/21. NCM Interim report.
09/12/21. GGP RNS (Exploration and development update)
12/21. Option period to buy 5% commences (deadline: 12/22).
12/21. GDXJ quarterly rebalance
14/12/21. GGP AGM.
12/21. Option for NCM to take over management @ Juri JV.
H2/21. Drilling programme commences – Rudall.
Enjoy
Z
My mistake was averaging up, first bought at 8p,12p,16p, 31p,28p,25p,19p,21p,18p. I have averaged up and down. Now under water and a little annoyed. Looking back 11 months. Thinking I should of sold more than I did at 35p. But that's life, my choice,my money, my lessons to learn. I still believe there is a churn of shares going through as lth are cashing out, who could blame them tbh.
I just hope it comes good and soon.
All in my opinion, I have no proof of lth selling.
Hey Tom - been out all day so just read your response - thanks for your reassurance that I’m not alone. Thanks also to Joe and Bamps (the latter if I’m reading it right suggests we need the FS due by next December 2022 before we can expect a rise in the SP - presumably excluding finds on other tenements that could occur anytime now). Finally, thanks to all who took time to comment on this thread, the wider opinion is helpful. As I stated at outset - just a wobble, a frustration that our fabulous asset at Hav is now seemingly a lot less valuable than it was in 2020 despite a raft of continuous good news since - very frustrating and confusing, but hey-ho wtfdik - the SP could soar at anytime like it did last year, at the most simple of catalysts and we should have a number coming our way soon. I can and will wait and hope all Greatlanders get the rewards we deserve!!!
GGPThruandtru, I agree with your earlier post. Investments are different for everyone. If you were to seek financial advice from an independent adviser, the advice given to me, would be different to anyone else. Our circumstances are different, our exposure to risk is different, etc, etc. Another point to note, is our entry price. I was fortunate enough to take a punt at under 0.5 pence. Some people took a punt on a spike at over 30 pence. Some people research before investing, others go in blindly. At whatever point we have all invested here, we are at the mercy of the mm’s and we are all fully aware of the tricks that they are up to at present. I have always said, be patient here and believe in the company and your investment. GLA !!
@dsmith - and with respect to your post, it all depends on what you’re trying to accomplish in life. To me, being stress free and relaxed is my goal, so “sitting on my hands” as Paddy puts it, is the best for my sanity. Sure I could have timed selling at 30+p and bought back now…however, would I maybe have pulled the trigger at early 20s? Then I’d be going crazy I didn’t wait for 30s…on the flip side, say ok, I sold in the mid 30s, I know from my belief in the GGP fundamentals that I then would have probably bought back in when it dropped to the mid/low 20s. Then I’d be going crazy that I was now down a carp load and getting stressed again. Either way you look at it, all that faffing about over the last year buying and selling is way more hassle than I need. So I bought years ago and as the asset has progressed it’s still getting better…so…I sit on my hands and wait. No hassle, no stress and leaves Thru&Tru and much happier and sane person in my said to day life. It’s all about how you look at it.
Tom : Respect your post and happily agree that Paddy is almost legendary on this board but how can you possibly say that his "advice" to sit on your hands here has been the right call. For the many who have done just that it has led to a catastrophic paper loss and a load of grief. Paddy's view was plain wrong in retrospect. Sell and buy back was clearly the right move. I don't think many took that course unfortunately.
and bars and anything else in the gold and silver world will take off as its the only one and true security left in this changeable and difficult world we are in at the moment. Ciao DM
Hi Red, Willem Middelkoop prefers gold in the ground especially if the resource is increasing in volume and g/t and future gold price is increasing as well. We are in that situation at the moment on all counts plus any good drill results at the JV or other projects and of course a new discovery at HAV will put the icing on the cake plus an additional cherry on top. Price of gold should break out soon according to the experts as the paper gold manipulation has to come to an end soon. Nobody is selling physical gold or silver in that matter and i expect digital coins to take a plunge soon as its in a huge balloon, even 14 year old kids are playing with it at the moment so its got to pop and if its a big laud pop then it will take a long time to recover as they will lose confidence in the digital coin world and i mean a very long time and the only security is gold and silver shares as well as the coins a
Take no ones advise of a public bb that's for sure but for what it's worth imo. Either
Hold, slice, sell all, buy , I'm sure one of or a mix of these will work for all!!!!!
I suspect the reason the sp is subdued is mainly down to the issue of the definitive Feasibility Study.
The issue of the PFS suggests that it will become a mine but it’s not definite at this point in time until the DFS is issued.
The progress and rhetoric from both jv partners is that it will be a mine, but the Investment Decision is still not 100% certain.
As Shaun says it’s the worst kept secret about being a mine
Hi Red, it is indeed testing times, but it has been a testing year. If you look at the broader mining sector in general then GGP is not alone. There are a number of factors that have contributed to sentiment in GGP being severely dented. We will have to wait for the return of sector confidence then the obvious attraction of GGP will start to gain tractio again, people prefer to buy with the crowd as prices rise rather rather than walk alone and grab a bargain. The same word gets bandied around and it’s harder than it sounds but l truly believe patience will be rewarded.
DYOR ATB JB
Red Hi,
I think many have the same concerns and a few wobbles to boot. What has happened to all those £1 by Christmas and others way above comments and predictions ? Think we need a few outstanding results and hope for some before Christmas or some real positive news to give us all a boost. Many I m sure are totally taken aback with this SP around 14p Bahhh.
As yourself I am sitting firmly on my shares and will not sell one as we will come together but maybe it will be early in the new year now, maybe late Feb / March so real patience is needed now for all LTH's as selling any at these silly prices is pure madness IMO of course.
Remember Paddy's saying "Sit on Hands " and this is now proving to be a very good bit of advice.
Have a good day and hope we see a good week ahead.
Keep safe and well, at least the Sun's out but blooming freezing :-)
ATVB
Tom :-)))
Thanks again Bamps - I suspect a number of us are fully expecting the tonnage/resource to increase substantially but the big question is will that impact the SP favourably or is it only when GGP starts to pull in income that these MM’s will credit us with a rise in the SP (mainly because when we are income producing the market cap will automatically increase)? It seems that unlike 2020, no good news results in an increase in the SP? I know patience is required and it will all rectify itself, but does that mean our SP will flounder around here or even lower until a couple of years time when production starts? Apologies for having a “wobble” (not enough to ever make me sell) but I would appreciate your views of when you expect the SP to rise (I.e. the catalyst for this) as the PFS issued had a negative impact on the SP!! I will be back to my normal self tomorrow- promise!!
I’ve had to stop and ask myself why I’m still invested.
Another look at Hannams report
From the PFS
The mining plan indicates 2million tons per annum to be extracted based on 18m ton resources.
NB! Based on figures from last February which are now way out of date but enough to gain government approvals.
The Full Feasibility Study when issued will comprise a Mining Plan of 3m ton per annum to be extracted based on 28m ton resources .
This is only for the SE crescent and will not be the final FS by any means.
The 3m ton pa is possibly the maximum the Decline can handle as Shaun said recently.
Hannams total figures are for 415m tons including the bulk mining
28m is to be the basis of the FS is only 6.75% of the combined ore to be extracted.
There’s a big BUT - my calculations are around 900m ton of ore that’s only 3% for the 28m
14p agh with a 97% tonnage increase due to come this is way underpriced
That the new mineral resource estimate is most likely going to reflect a much bigger deposit, that we/our partners are working hard and fast to get the mine up and running, that big money continues to be invested, that we have a number of other promising sites that may multiply the mre even further, that the price of gold cannot be held down for much longer and that we are relatively well funded for the future.
That lots of news is expected soon ….
The recent fund raise probably held things back a little, but I don’t see a downside to this project.
Why then are we not seeing the share price creep upwards towards previous highs is baffling!
Hopefully soon!
GLA