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I am one of GGP's biggest advocates - have been for some time now as my posting history will testify. I am coming to terms with the possibility that there might be set backs and delays as a result of Covid-19 with exploration at Haverion. I understand that we have a flying/out site and staff willing to stay on site and test as people come in. But frankly this Covid virus is a bugger and seemingly all pervasive. So I have come to accept that as with most over parts of the world, it will impact on Haverion. That acceptance doesn't create panic or alarm - it just means that timelines will probably need to be adjusted at some point and if the MRE is established at Q1 2021 as opposed to sometime in 2020 so be it. I have waited this long - what is another 3 to 6 months? Nothing! The end result will be the same and gold price likely to be higher.
I am trying to be realistic here and manage my own expectations - if anything my end game scenario is better than it ever has been - I am just managing my own time line expectations. You might want to consider that in your strategy. Anyone with a plan worth their salt reacts and adopts to the scenario in front of them and doesn't lament what might have been - that is a waste of time and energy.
In short - do not be afraid if the plan changes over the coming months for timescales - it's okay - it will be okay - ultimately a whole lot better okay compared to most in GGP's case!!
Be kind to each other and god bless the staff within the NHS and healthcare services around the world!
Hi Tom. To be honest I really try to avoid speculating on price movements in the short term at the best of times as the SP does not follow logic as we all know. These are far from the best of times and there are so many external market variables that can amplify positive or negative movements at the moment.
I am not a trader and therefore I simply look to the future and my belief is that cash is king / money talks and all those other sayings....and when, not if, Newcrest makes an offer for Haverion, it will be then that we will see a rerate like nothing seen before with this stock. I have no need to release cash from my investment and happy to wait as long as it takes.
Sorry for the long winded 'I don't know' answer!
ATB
Instead of speculating maybe it would be instructive if we focused on the facts - Google (even if it's been politicised) and other search engines are a well of information - the importance of mining to the WA economy and the WA government is fundamental
https://www.abc.net.au/news/2020-03-27/coronavirus-mining-and-resources-new-procedures/12062380
excerpt -
The resources and energy sector employs about 120,000 workers in Western Australia alone, while the NSW mining workforce includes 40,000 workers.
In a video message to shareholders on Tuesday, BHP CEO Mike Henry said he had spoken with senior government officials, who "talked about the importance of keeping the resources industry operating".
State and Federal resources minsters agreed on Tuesday the resources sector is "essential in maintaining a strong Australian economy".
"It's in our best interests to stay in production, and that will only happen if there are no breakouts of COVID-19 in our industry," WA Chamber of Mining and Energy CEO Paul Everingham said.
"We're working our arses off to keep people healthy and safe."
After initial confusion, this week there is more clarity about interstate travel for workers.
Interstate FIFO work under COVID-19
Western Australia, South Australia, Tasmania and the Northern Territory have effectively shut their borders, requiring anyone visiting to undertake a 14-day period of self-quarantine.
In Western Australia, workers in the energy and resources sector are exempt from these isolation periods.
This was confirmed by WA Premier Mark McGowan on Sunday and the WA Chamber of Mines and Energy added that only 2,500 "critical" interstate workers were flying into WA during this time.
"Mining, oil and gas are critical, both to keeping the lights on in WA and also to keep revenue coming in for Government," Mr Everingham said on Sunday.
cont..............
https://www.seek.com.au/drill-rig-fitter-jobs?sortmode=ListedDate
drilling companies still advertising for drillers and other tasks for WA located assets
Schlemiel. I don't doubt that everything that can be done will be done to try and prevent Covid impacting on Haverion and Telfer and given the geography and travel constraints they stand a better chance than most of ensuring production and exploration activities continue.
To lift a quote from your post:
"It's in our best interests to stay in production, and that will only happen if there are no breakouts of COVID-19 in our industry," WA Chamber of Mining and Energy CEO Paul Everingham said.
There is an IF in there and I would challenge anyone to say with 100% certainty that the IF can be removed from the equation. The point of my post was to raise the possibility that Covid could impact but also should that eventuality come to pass, then investors should not panic if it shifts the timeline.
As for speculation - isn't that the primary function of this BB?
Your post gives context and underlines the determination of the WA Government and mining sector to continue. Thanks for sharing.
ATB
And there we have another one. This one from Arnie. How on earth can you compare a mining company with a construction company. Their operations are so incredibly different. As is their supply chain by the way.
Good grieve, the nonsense people keep posting on here.
MS
obviously a lot more than you Arnie.
Good luck with your doom mongering efforts.
MS
Arnold !!" This time last week I could walk down the road with a "FRIEND" you sure ?????? LOL
arniebb - if we have a good look at your posting history since you became a member on 31 January 2020 the underlying tone is one of negativity towards GGP and the wider market generally. The GGP price on that day was 3.17p but rose rapidly to 5.68p on 11 February and as of today we have received seven successive fantastic drilling result RNS's with an SP of 4.42p despite a 30%+ decline in the wider market (ftse 7,292 on 31 Jan reaching a low of 5,018 on 23 March). That tells me that the story at GGP is a very good one and continues to improve. That's why the market is giving the thumbs up now at a time when everything else is in limbo.
arniebb - if that were the case then why don't you challenge the derampers in a similarly robust way. That's why you are being challenged so strongly today. Your motives are being called into question.
Arnold thought your were banned at last so no filter needed, now reinstated. Go for a walk maybe !
Some comforting words from the CRU :)
There is better news from the CRU Australia team. We understand that top level discussions have already taken place between government and mining companies to protect the commodity export dollars. Miners have been asked what they need to “ensure mines continue to operate under all scenarios”. The remote location of Australian mining and ongoing increases in automation should help in this regard.
There has to be room for all opinions and comments on any board, the only proviso that, as Kenny Everett would say, that its done 'In The Best Possible Taste' ............ I think that character was called Cupid Stunt....
Chester.
There is only one worst case scenario, Lex Luthor has stolen all the gold,
Get a grip ffs.
arnie: have to ask you if you even have any shares in GGP. or even KIE.. I would think not because if things were as bad or going to be as bad as you say then why would you be invested.
Amazing that you joined on the 31st jan. just like goldinvestor, and a few other,s. have to admit you see the downside were the others who also joined here on the 21st jan ramp this up all day.
time will tell on GGP and NC.
Arnie; questions,
1). Please point out posts that are
a). Delusional,
b). Rampastic,
c). In any way connected to a boiler room,
plus, of course, your supporting evidence.
2. a). as asked previously, are you, and have you ever been, invested in GGP, then
b). If not, what is the purpose behind your negative posting excluding that you enjoy being annoying, which is already fully evident.
GLA.
Arnie all genuine investers have banned you quite simple to understand surely!! But keep posting as find you quite amusing in your apologies quite niaeve and uneducated views . Glh
Arnie bettabuck is quite a well know paid troll. He quite enjoys his job too.maybe he wouldn't if he was ignored.
Just saying
How many are there is a drilling crew ? They are rather isolated at their location and the virus does not like heat as some have said. The camp and crew must be at very low numbers so this will reduce risk I would think. As Laster said "Big difference between a mining operation and exploration drilling" maybe we are more safe out there in the location.??????
Just a guess on my behalf. :-)
Have a good W/E all and keep safe.
Govts will print cash....QE.
Therefore real value of currency will decline and this will drive up the price of gold as a safe haven.
Am I right or wrong ?
patrick as i said below , gold hit a high of 1700.. then dropped to 1455 ish in a few days as some were selling to get some liquidity..
It may well keep going up but my point was to keep an eye on it. i have gold and silver held inn a vault and happy with it going up but I'm being watchful of the gold and silver price
Every experience is a form of exploration.
Go out looking for one thing and that's all you will ever find.
GLA
Triple at least Tom
To save me reading back through all of the posts, how many shares is it that Arnie holds in GGP?
He’s still to buy as far as I know.