The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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An update of results/presentations from some of the neighbours in the Paterson/Pilbara region. Please note, this is not a cross ramp for these companies but just posting presentations or results as some members on this board take an interest in the information provided and for comparison to GGP/NCM results and presentations.
Also there has been discussion and interest around province/district scale mineralisation discoveries in the whole region and there is hope that GGP finds other deposits and/or 'linked' anomalies contained within the overall geology of the region.
Encounter Resources - Lamil Project, west of Telfer:- https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02365394-6A1029146?access_token=83ff96335c2d45a094df02a206a39ff4
Artemis - Paterson Central - land access agrement:- https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02364541-6A1028791?access_token=83ff96335c2d45a094df02a206a39ff4
(Hav referenced and contains a colour map overlay of the tenement owners/JV in part of the Paterson region around Telfer and Hav; including:- Scally, BH, PRE and Rudall)
NOTE: Some of the above project areas referenced are a reasonable distance from Havieron but do tie in with overall mineralisation discoveries in whole Pilbara and Paterson regions; and Greatland have several other projects that are a reasonable distance from Havieron but hopefully have the same identifiable potential as the other company’s discoveries covered in the above updates.
Please note that some of the well known knowledgeable posters on this board take an interest in these types of releases, so please do not have the thread removed.
You forgot Antipa Floater. They made a massive step forward last night with the placing and the decision to keep 35% of the Calibre Rio JV.
https://hotcopper.com.au/threads/ann-successful-25m-institutional-placement-and-spp.6016511/
https://m.youtube.com/watch?v=i9hV7_jdKz8&feature=youtu.be
T&T
Has Havieron drawn the minerals out of Artemis targets
Nimitz
"All three holes drilled encountered intervals of intense hydrothermal alteration of upper Lamil Group rocks in close proximity to Havieron. This suggests that causative effects of alteration surrounding such a large gold system as seen at Havieron extend into, and occur on, the adjacent Artemis lease directly to the east. "
:))
The Artemis opening view of the Paterson:-
"The Paterson Central Project is located at the centre of a discovery revival in the remote Paterson Province of Western Australia. Hosting the massive 27Moz Telfer Gold mine, Rio Tinto’s exciting Winu Copper Discovery and the huge Newcrest/Greatland Gold Haverion Gold Copper Discovery now under development."
HUGE Gold/copper discovery
There's only one Havieron :))
GGPT - I provided a neighbours update on the Antipa/Rio Citadel project last week so didn't think to post an update on their placing announcement, but agreed I maybe should have; direct link to document here:- https://antipaminerals.com.au/upload/documents/investors/asx-announcements/210421002117_21-04-20-MediaRelease-Antipa-25MCapitalRaising.pdf
Bamps - I'm sure Artemis will be hoping that Havieron grows and grows and has pushed mineralisation into their targets; they should be starting drilling at Apollo and Atlas targets, at 3 - 4 km away from Hav then I'm not sure if mineralisation would extend that far (probably unlikely but maybe one of the Geo's can provide a more expert opinion) but then you never know, they might have their own decent sized deposits that blend into Hav creating one big district motherlode.
For us the main importance is the NCM results next week (excitement building up).
And agreed there's only one Havieron but hopefully GGP/NCM turn up similar possible finds in Scally or on Juri JV tenements over the next few months that could help further push GGP up into the multi billion £ company level.
where are all these major buyers we were told about that were sitting on the fence waiting for SW to be released?
Have you not just heard Merc bought another 100k how much more major do you need spy?
Overall, I think SD has been pretty low profile since taking over which means one of two things in my view. The first is he is doing a poor job of working his investor network to sell the business and failing to promote the stock properly, or, second he is very very confident that Havieron and our other assets are going to speak for themselves.
Personally, I think there is a quiet confidence by the board on the direction of travel. They really need to wind up the positive messaging with the next round of results in my view otherwise the Share price drop on news brigade will be out and the stock price could stall.
I am also confused by GH’s messaging regarding increased news flow. What news flow should we expect beyond ‘more drilling on new opportunities has started’?
i am pretty sure merc gets my humour by now. i am still waiting for your 23.5p though.
I'd say SD has been pretty voluble Tildo?!
Liquid stock currently. They want all my shares. Nice run up to more news hopefully!
Hi Panama, I’m just a little frustrated at the slow bounce back up. We all believe it’s 15m plus ounces here and I know GGP and NCM have to go through the process but I am really hoping for a set of results which will underlines the massive potential of the asset. Hopefully that plus a rising POG will get us back near the broker price.
Panama, I think SD has been quite good with his contact and he presents himself very well. Not too sure what some expected after less than 2 months.
Spy Its coming don't panic as will state
Fri 23rd April 23.5p
Wed 28th April 26p
Thu 29th Based on Qtrly, Resource estimate increase to 6.5m oz plus 30p
You can hold me to it
your entitled to your guesstimate. I dont really care if its right or wrong as I wont be selling.
Hi Tildo,
We all share your pain since the SP has dipped from 37 ish to where it is now. However, you are right, POG, results etc will be the facts that bring it back in line with the reality of this giant prospect/s. SD may not have GH's charisma or flamboyance, but he is a grafter by the look of him and makes no bones about his ambitions, which are to turn us into a multi mine multi billion dollar company! Good enough for me. After a quit start to get his feet under the table, he has shared comments in mining press, done at least two pro-active video interviews post results or news and started to tweet and find his own style. The important thing is he is buying up more prospective land to make his ambitions (and ours) hopefully come true! We will get there I believe, though I agree sometimes it seems unreal that the market has not picked up on our potential.
ATB
Hi Spy,
Yes, totally agree with you!
We could pay for Spymaster to use his sleuthing skills on Shaun 'Like' Day I guess lol
I suspect SD is extremely busy as is usually the case when you take over as the CEO of a company and are a driven and ambitious type which seems to be the case with Shaun's professional history. He's probably getting to grips with everything, assessing and deciding on if/where to change things up and we've see a new license application so he is looking at us beyond Hav I feel.
From my understanding they also have a consultant on board for a while now - so perhaps looking at divestment of some of the other licenses and there could always be a left field announcement as we saw with the unexpected Juri JV.
Gervaise will be a hard act to follow but we seem to have the right person in place for the next stage of our journey in Shaun - time will tell - but I'm very optimistic and the next set of results will remind us of how lucky we are to be invested in such an amazing discovery as it will have been a long 7 weeks since the last set :-))
Tildo, I appreciate that its frustrating that we dont have the sp action that we had last year, but I am told that Shaun has hit the ground running with bags of energy and loads of ideas. Everyone says that he is a great communicator and he has done plenty in that regard so far. Any more and he will be telling us what he had for breakfast.
He doesnt manage the SP, he manages the company. If he does that well the sp will look after itself. Great exploration news will do that. However if you listen to the multitudes of PM commentators you will hear them say that the sentiment in PMs has been awful. Fortunately Speedy knows that this is about to change, and he tells me that he is never wrong.....So just a bit of patience needed.
"Fri 23rd April 23.5p
Wed 28th April 26p
Thu 29th Based on Qtrly, Resource estimate increase to 6.5m oz plus 30p"
Tymers please can I insist that the above are all bid/sell prices -that will do very nicely ! :))) GLA MFU
I just love to see all these praises flying about, as well as the usual, dare I say it, arrogant types, posting their sp predictions to the GGP mast!
Quite frankly, I don't know why most of them bother...Most sp predictions fall flat on the face of the predictor, that's why I never do so. The VERY rare occasion(s) when the predictions actually occur leads to the usual, arrogant, "I told you so" posts.
It is what it is! IMHO, just research and know where you stand, and largely ignore the pointless predictors!
Hydrogen. No problem at all. coincidentally I have done the exact same with most of yours, gives me a chuckle every now and then
Hi Jerry. I do not always get it right, i bought a shed load of silver in 2011(ouch) As far as the POG/S goes the only way is up with a bit of shenanigans from the banks on the way. I see GGP earning $2500/oz (after costs) by the time we are mining if not more. The POG/S has just started on its bull run and the level achieved will exceed most PIs expectations. ATB Speedy
Some interesting predictions today.
If we look at the recent Regis / Tropicana deal which valued the gold at $852 per reserve oz and apply it to our reserve we get about 4.4p per million oz.
That'd value a 10m oz resource for us at 44p, 15m oz at 66p and so-on. At the current SP the market seems to be banking on a resource of roughly 5m oz, which I think most would think very conservative.
Q
We have a max of 30%
5m ozs very conservative
10m oz min next week and thats only Hav
jeez we shd be 50p already!