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Mercedes....labs say they are running 4-6 weeks behind schedules due to so many companies drilling in the area plus issues around Covid19.
Steady on MH or after your outrageous comment say Donal Trump....just a misunderstanding - nothing sinister!
Where did I say Scally is already priced in? Fake news.
MH the MRE will obviously be lower - I estimate somewhere in the region of 8Moz (just my opinion) - well researched investors will know that the Maiden resource estimate will be much lower but if you think Scally is already priced into the share price then I have towpath respect strongly disagree - because if it was I would sell today because I am not a gambler - like I said Hav alone IMHO is worth north of 40pence based on 8-10MOZ MRE(1) - Anyway good luck and confident that GGP will strike at least another 1-2 minimum Tier 1 discoveries!
Dav it’s taken Telfer 40 years of mining to produce close to 30mOz. We need a little perspective here. They won’t price in a “potential” 30mOz. Once the maiden resource is released the SP related to Havieron will re-rate accordingly with hard data, and also hopefully before then we have a great Scally announcement which is also properly priced into the SP. Having a SP with pricing for both Hav and Scally would be amazing. Let’s hope by Christmas this is dropped into our sacks!
So do we know how many holes in total have been drilled at Kraken so far?
GLA
@MH Agreed but for new investors it's important to acknowledge that Hav alone is worth so much more than the current S/P - still think Hav will ultimately (over the life of the mine) be in excess of 30Moz - as we all know positive exploration at scally we be transformative and a complete game changer - but Gold is not easy to find...having said that its easier I must admit if you happen to own real estate in the hottest postcode in the southern hemisphere. ALB
https://www.abc.net.au/news/2020-10-11/modern-day-gold-rush-in-western-australia-despite-pandemic/12749898
Read this once again. Be patient. GGP will release results when they are ready with all the information they require. It’s an important announcement. We are all waiting with baited breath. Be prepared to wait longer then usual and let’s hope it is worth the wait, especially considering how much anticipation there is by all shareholders. A sensational announcement will be transformational for GGP.
Potential bumper AGM?
Thank god someone with common sense on the subject of Scallywag!!
Re the 4:30 comment, imo the SWAG news is not delayed, not even close, i did the math on the time taken to do the drilling, and the 2-4 weeks for assays and got the last week of October Originally. But now i may add a few weeks on for the return to Kraken with DD, so my timescale is saying wk2 to wk4 Nov, if they are going to disclose in one go, perhaps sooner if its in stages, but imo we will get a bulk RNS with the whole lot towards the end of Nov, nicely breaking up the gap between Hav updates.
And its going to be eye watering, hold on, be patient, it’ll be worth the wait!
And that there was also a serious shortage of drills and trained drillers. Too many silly little AIM companies rushing around W. Australia,digging holes in the hope of finding a few stray grams of au.
Tig
@ GGP Thru and thru; There was an Oz article last week that stated that the Core testing centres were more overwhelmed than Boris's Covid test centres, and subject to delays.So that is probably the answer.
Tig
Hi, no, if the information could significantly affect the share price, it has to be released, but of course their planned drilling of 'x' number of holes to be completed before the results to be disclosed?
Oil monkey doesn’t matter because option 1 is irrelevant! ATB
Tomorrow marks 9 weeks since drill commencement, looking back on GGP announcements would expect results after 10 weeks but that was from a single site campaign. Reasonable to expect some drills with copper and gold, just a question of grades, depth, strike.
Re Option 1 - Is this allowable, to not release results just because they might not be great?
So, seeing as we have a good few of the “quality” holders here chatting today, thought I’d pose the question of why the delays to SWAG. From previous chats on here I have 4 options - let’s have a vote:
1 - the results are **** so waiting to release near the good Hav results to compensate.
2 - the results are good so waiting for a full picture before releasing all SWAG together, before moving to PRE.
3 - Assays are just delayed due to backlog at the centres.
4 - Strategic release by GH on the same week as Hav results to give SP proper boost.
What do we reckon?
T&T