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I'm not even going to try to guess at the end game, for me 60p would be amazing, 90p potentially life changing, if we hit £1 that would be awesome. I am sceptical we would get to these numbers, that's my nature though and I am still learning about this industry. I honestly came across GGP by accident, it's my first time investing and I was looking for some low value shares to learn on without risking too much cash.
GGP has now become the most exciting investment I've made. I loving learning from those in this forum who very kindly post so much detail, as well as doing my own research of course. I read the forum every day, not generally posting as I am still learning about GGP and the industry in general.
Best of luck to all, whatever your strategy I hope it pays off for you.
72p? Blimey I hope so ??
Drusus, I agree that even though a lot of people are getting caught up in the ride, including me, I like most here don’t have a emotional attachment to the company outside of their investment.
Or you certainly shouldn’t as that’s when people get in trouble with investments.
Got my eye on a 72p take over as it would round my investment off nicely, GLA.
SB. I am fortunately in the position where I can put AIM stocks in the bottom drawyer and forget about them.Although GGP is now becoming an interesting item for the kids.Some of my holding has already been passed on into thier ISAS and left dormant. £1 a share will buy houses and pay off mortgages for them,and give me another inheritance tax headache. So to be honest, at some stage they will have to be sold as I am not getting any younger.I invested to make money because I am selfish and want to make as much money as I can. My interest in the future existence of GGP begins to diminish as do my years I am afraid.I will sell at 80p-£1.
Good evening Drusus.
It is exactly people like you, I am trying to convert to the dark side.
With a £1 offer, please do top slice.
I know I will.
But I beg of you.
Keep the vast majority and use your remaining votes to turn us towards becoming a miner ourselves.
Please allow me to make some assumptions here.
Since you have been here for over a decade, I assume you have accumulated a lot of shares, especially since it really started to show promising results about 2 years ago.
If you have done so, you will like myself be in a life changing situation with a £1 offer.
Even if you only sell a part of your holding.
But just imagine keeping the vast majority and the share price reaches it's true potential when we are miners, now that will not just be life changing, that will be transformational.
SB You are correct,patience with this share has been very rewarding.22 bagger for me so far,but I do realise there is more to come. I just think that around £1 a share if offered to current holders,many more than 50% would accept.I know I would.
Good evening Mineralholder and thank you for your reply.
You are so right, it will take years to achieve.
Patience is a must.
But I think that even those who's patience will run out within the next year, should Newcrest not come forward with a take over offer will be richly rewarded at today's price.
When the news about breaking ground arrives, it's gotta have a positive effect on the share price.
So to anyone who had hoped for a take over offer on 20-30 pence, should hopefully not be to disappointed.
I can only say, top slice some, but keep the vast majority and vote for us to move in the direction of becoming more of a miner then an explorer, and then you will achieve the true potential of GGP.
I'm inclined to agree with you SB. True, GH said we are not miner, but he's also said he'll see shareholders through the route which leads to the best value for them: this remains to be seen and likely depends on the timescale that suits you individually, such a scenario you lay out would take a few more years. But such a company with 25% of the profits from a mine that looks to be as Hav looks and has the funds for further exploration could be a very attractive investment going forward.
Again all good here, let's have some patience, looking forward to the next results.
MH
Hi Trucky and YNWA91. Thanks for your replies.
As to what GH has said in the past, well I'll leave it there.
Things might have changed so much since then, and if they have, so should that stance.
With the STOCKHEAD article in mind, it makes so much sense to make the transition.
It really would make wonders for the next 10-20-30 years to come.
GGP was founded in 2005, and it is first now really starting to kick butt.
It could perhaps be another 15 years before we find anything again (ignoring the prospects we already got) maybe we will never find anything again.
Many explorers don't find anything of significance at all.
It is not an easy task, as the years since 2005 will tell you.
You do need that bit of luck, that there is actually gold of commercially value in the area you are prospecting.
Now we have struck gold.
And not just that, there are indications that it is a once in a lifetime find. (including our other assets here)
Selling it for a few hundred per ounce in the ground, is selling to cheap, it is not maximizing the value for the shareholder.
I see profit as two things:
Either what you paid to much for the product, i.e. what you paid over the production cost
or
lost income that you could have had, had you followed the product all the way out the door.
I want as much of that income that walks out the door as possible, and I do not get that by selling gold in the ground.
But we will get it, if we mine it ourselves or in a JV (but on much better terms)
Drusus pointed out earlier that it would make sense for Newcrest to buy us out now, sooner rather then later.
And that is true.
It would make a lot of sense for Newcrest.
But not for us.
Yes, we would get money in the pocket sooner.
But it would only happen if us shareholders say yes.
And I hope we will say NO.
Because, I do not see a safer or better opportunity in the stock market, then us making the transition to become a miner.
And that way around maximizing our return on the gold that GGP has found in the Paterson region.
All you need is a bit of patience.
5 years should do it.
Socialist, I am glad you would settle for a 30,000% return on your investment haha but we can all dream. I can’t see us realistically becoming a miner, and not much point when we can carry on with our current business model with our other projects. And after HAV we should have a much improved reputation with a track record and we have got a relatively trustworthy CEO, some of the things sorely lacking in 99.9% of aim companies.
If HAV turns out like we are ‘expecting’, it should put us in a stronger position when it comes to the next JV so should get preferable terms compared to this time. GLA.
Socialist. GH had already said he doesn't want to be a miner. He is happy being an explorer.
Hi StellaBob, thanks for your reply.
"We are not a mining company...", so true so true.
We are not a mining company - YET.
I, for one, hope that that will change.
Because I think that is where the true value lies.
Other explorers that have evolved and become miners have seen an explosive growth in their share price.
But not overnight, it takes some time.
But I doubt none of the ones I am aware of, have any assets like our Havieron + plus all the other promising prospects we got.
Which in my books indicates we can replicate their ascent, maybe even surpass their growth. (I think one grew with nearly 40.000% , (forty thousand percent)), so maybe a bit to optimistic.
I assume that was from their lowest point, and we are no longer at our lowest point, so 10-20-30.000% from here and I'll be a VERY HAPPY man.
Anything less, and I'll likely still be a very happy man, just not in CAPITALS.
Take a look at this article and you will see why I am so keen on making the transition to become a miner.
https://stockhead.com.au/resources/this-is-how-3m-market-cap-minnow-ramelius-became-an-850m-gold-miner/
Let's not forget this sentence on GGP's front page: "The principal activity of Greatland Gold plc is to explore for and develop natural resources, with a focus on gold. The Company was established in London during 2005 and admitted to AIM in July 2006."
DEVELOP, is a keyword for me.
To me there is a possible promise of evolution.
But hey, that is my view through my rose tinted glasses.
That is my desire and wish for the future.
It does not mean that, that will happen.
I am inclined to think that it would be easier for NC to take the whole thing rather than waiting for Scally to come in with the same results as Hav and have to pay at least twice as much for it.
Hi SB
We are not a mining company... We do not want to become miners! GGP have more exciting prospects to investigate and JV . That it where the true value will lie! Look at Scally! Look at BH and the rest! Look at the research our great contributors are presenting! Look forward!
Cheers StellaBob
Hi Drusus.
I like your estimate of 80 pence to £1, I would not mind that price at all.
And in your scenario of a take over by end of 2020, it would be a crime if it was sold any cheaper.
However I still think it is conservative.
I think a much higher price is achievable, if we play the cards right.
For that to happen,in my view, we must achieve some of the following.
Retain a 25-30% stake in Havieron (that place just keeps on giving as another contributor pointed out this morning)
Have some successful drilling results from Scallywag, Black Hills and while we're at it, all our other promising assets.
Move from AIM to FTSE.
Needles to say that we will be worth far more if we decide to be sole miners on our other assets then if we enter into another Joint Venture. (any JV has to be on far better terms, though)
But it can also be argued that there is huge upside to spreading risk, cost and gain expertise from a valuable partner (read Newcrest)
If we become more of a miner ourselves, either full-fledged on our remaining assets, or through JV's, then I think 5 years from now, people will be kicking themselves, that they did not buy this share when they could have payed only £1 for it.
(or way less)
Newcrest are all over Havieron, steaming through phase 3 and they won't miss anything there, it's comfortably in the bag now.
GGP, I suspect that they might add a few blocks to their portfolio soon.
Anything else is anyone's guess.
What is an endgame price? Do you mean the highest sp that GGP will achieve?
When will that be?
Who knows?
It could well be within the next year, should Greatland Gold be taken over.
If that's not the case, then it could well happen several years from now, if Greatland remains an independent company.
I'm certainly not going to predict what is largely unpredictable at this time, as it will depend on a whole load of factors, some, or indeed many of which, we don't even know about today.
No one seems to have picked up my earlier post that Newcrest drilled Havieron 1990-2000 and intersected significant alteration, with several high-grade zones detected (peak gold to 15.45g/t and peak copper to 2.5%). These 6 historic holes are outside the current existing drill zones as far as I can tell looking at map. I don't believe anyone has dialled these numbers into the calculations.
I do know I will be buying as many Greatland shares as I can afford. Compared with Solgold these are a bargain.
The end game is not even on the horizon yet. HAV is just the beginning of a long story. Lots more targets in Scally to drill and prove up, followed by all the others and who knows when and where!
Much like HAV itself, the endgame is 'open to the west'.
No idea Drusus but looking forward to June and July updates
spotted this on twitter from yesterday......
https://twitter.com/smallcappick/status/1264101891325247488/photo/1
I have been in this for over a decade now,pure guesswork I know but what are the expectations of sp and future growth if indeed there is any after Haveiron. There is a possibility that Scallywag and Black Hills could be as successful as Hav. My take is that with further drilling at Scally being very positive,NC takes out Greatland around 80p-£1 by the end of 2020.