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"Our sharehoders should feel really confident about the opportunities ahead" is the line from the interview to stand out for me. SD is well aware many people are carrying a loss or have at least had paper profit eroded at the current SP, to say we should "feel really confident" is not a subtle message, it is as clear a signal as he can give within the confines of ongoing negotiation.
Great post again SAS - thanks!!
What a lot don’t seem to grasp here, especially the ones who are constantly whinging about what a bad job SD has done since taking over from GH, when we were at an ATH, is the fact that, back then GGP still owned 70% of Havieron, not the 30% we currently hold. That fact alone is the main reason for the demise in our SP, not SD.
So I can only assume that once we get to own a larger piece of the pie, whether that be 51%, 70% or even a 100%, that in itself should give us a large uptick in our SP.
Investors should be asking themselves this question !
How much would it have cost for GGP to get Havieron to this stage in its development if Newcrest/Newmont hadn’t come in and backed the project in the first place ?
I suspect we would of been in the same position as we were in 2019, just like Solgold are now, with no date ahead for even thinking about mine development.
The fact that Newmont have decided, thanks but no thanks, yet again, imo is fantastic news for us. Inside of five years we are within touching distance of extracting the shiny stuff out of the ground, and all I see here is folk with absolutely no idea, constantly whinging. Give your head a wobble ffs and tell all of us here just what you’ve achieved in the last five years. Probably Jack 5hit !
Speedie.
Assets are likely retain value. Its not just about Gold. It's all relative in that sense. I do agree to a point on the FIAT BTW.
Patience grasshopper Freddie2. It will take as long as it takes and i personally don't mind a month or two more than anticpated.. Theres a certain irony to it taking a little longer and i will leave consider what that means for you and your peers with your pretend shares. As regards POG and 70% we do not own...Really? Think about it !
Hi All. Gold has held its value for millennia. It is not the POG rising but the value of fiat falling. With the falling value of fiat comes higher costs based on fiat. therefore a higher cost to miners to extract ore. Inflation is a no win game apart from the creators of the fiat (central banks). They have been holding back the POG for over 100 years and are now losing control due to physical buying. When they finally get overwhelmed the POG will make up for that 100 years of suppression with a massive uplift in price and that is when the real profits will be seen. Next week or next year? no one knows but it will happen, and if you are not in the market when that happens you will be in big ,big, trouble.
It amazes me why anyone would hold wealth in fiat watching that wealth diminish when owning gold is safer and wealth enhancing. The world is waking up to that fact and about time to. ATB Speedy
A hastily done deal is not normally a good deal, time is on our side!
Just my opinion
All the best Ben
Meh, whatchagonnado eh? I expect the team are probably aware. You should email them though just in case they hadn't thought of that.
Yes getting the deal done asap will be best IMO
Surely they’ve ironed out some preliminaries by now! Must be ready to announce soon!
And ???? We want to get the deal sorted sooner rather than later , then gold shoots up to 3000 and beyond , we rocket
Whilst the gold price elevates our value of produced ore it also enhances our value in the ground to potential buyers / sellers yes.
So the sooner a deal is struck clearly ,the better.
The negative value of Telfer to certain parties however , is a lever in our armour. Imho
Yes. And?
I imagine it would be somewhat relative.. While the raised POG may mean a higher price, it will also hopefully increase the likelihood of a favourable funding arrangement/loan (or whatever) as it makes for a more attractive and investment.
We’ll find out soon!
Wont the high gold price also affect the price of the 70% we dont own ?
Sounds like there is further resource upgrade potential from the middle of the ore body where there has been to date less focus on resource expansion drilling and modelling.
Day highlighted that the high gold price significantly boosts the value of Greatland Gold's projects, especially Havieron, which is noted for producing superior economic returns throughout various market cycles. With gold trading near record highs and a substantial resource base of 8.4 million ounces, the company is focused on transitioning more resources into reserves, enhancing their value under the current pricing conditions.
Additionally, Day pointed out the concurrent strong performance in copper prices, which also benefits Greatland Gold, given their assets include about 20% copper.
Looking ahead, Day expressed optimism about the gold market, citing upcoming interest rate cuts and ongoing geopolitical risks as factors likely to support higher gold prices. This environment, he believes, will be particularly beneficial for gold companies, including Greatland Gold, which is well-positioned to leverage its significant gold inventory and favourable Australian operating conditions to enhance company valuations, especially in a strong USD and weak AUD scenario.
Just seen GGPs LinkedIn reference to the interview - they are certainly raising awareness via every media possible.
Good interview from SD, NEM announcing next Thursday and expect something from SD. Shorters will try and make the most of today and early next week but I just added another 100k as confidence growing IMHO.
GLA
Forgot, that during the interview he didn't mention NEM, not one word? DM
Did you notice that SD during his last interview yesterday stated many times that WE have in Havieron infrastructure going forward and again twice WE have 8.5 million oz gold and don't forget WE have the copper, was he hinting something good is in the works? A very positive interview, we await a positive RSN very soon i hope being next week. DM
At some point, this will literally steam roll its way forward. Some will change their names to be on the right side of history no doubt.
Its been lining up for a while, and perhaps we're not ready to move quite yet it is getting closer every day. ASX will trump AIM. In fact, most modern exchanges trump AIM and there are some who do not want that cross listing to happen as it basically ends their possibilities. Indicative of the way the FTSE is going in general, especially when you compare to the French and German Bourse.
Anyone for Cricket ?
The COPPER price is in a BREAKOUT
chart http://uk.advfn.com/p.php?pid=staticchart&s=CCOM%5ECOPPER%20&width=590&height=350&p=2&t=14&dm=2
Quarterly update next week we hope from both GGP and Newmont
And still talking like it's ours!
Hopefully some clues from Newmont next week.
Fingers crossed
Sorry Troajan - what’s the thinking behind your post? Thanks.