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Plode - The market makers are keeping it above 6, perhaps that is a safety tolerance level for them.
5p in the near future probably
The Hong Kong Hedge Fund is simply rinsing and repeating. If you examine the share trades over the last month you can witness the trend. When this period of uncertainty passes and it will, these institutional short sellers and retail hangers on will disappear like yesterday’s chip papers.
My advice just let SD and his team get on with negotiations. Too many unqualified assh..e DIY armchair critics on this board who frankly know nothing. They don’t know what they don’t know because they don’t know.
And just for context - when I started this GGP journey gold was circa 1200 USD/Oz .....
I suspect that 98% or more of the posters here (including myself) have largely cut their exploration shareholding teeth with GGP and some of us will have lived the Lassonde Curve rollercoaster with lots of kicking oneself for not getting out on the top of the first wave.
Well for those that are still here, you have hung in this long - it would be a shame to lose heart at this stage in the game.
Keep the faith.
ATB
Wow zoro ridiculing someone who is sitting on a big loss ! Zoro who has never got one prediction correct except whats already happened , great bloke
Is that professor pee pee diarhea poopy pants? 🤣
ITSOUTH - ahh the serial shorter has arrived. I expected you today with the share price down.
Peeper - have a poopoo, you’ll feel much better. X
Z
Just sinking all the way back now. Hope i break even soon
Fed up with this share. I went in with the kitchen sink when this dropped down to 16p. Loaded all the way up to 32p and on the way down to 24p.
In an attempt to average down i threw everything i had at it then then 14p placing destroyed that too. Average is still 16p despite topping up further at 11p and 9p.
Needless to say i wont be investing in explorers anymore. Should have just went all in with rolls royce which was below a £1 at the time.
What do you mean no control over it. we are the ones managing it, newmont are just digging the hole for us.
If ...you've been invested here 10 years n didn't get out at 37p ISH how much exactly were you expecting?
To the main point re 18p buy out,GGP are currently in a position with no control over it's,one and only current 'asset' liable to produce,AF is in charge of the bod,Wyloo are constantly being asked to ipo ..... Havieron and Telfer in THEIR portfolio would make it so much more attractive to repeat FMG's once,but now potentially,waning success,it would be quite easy to 'starve' GGP out so any offer would seem acceptable hth
The sooner this is resolved the better. How long do we estimate before ggp will be in a position to make an offer
''Either an external buyer comes in and takes out Greatland for about 18p a share''
🤔🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
(I doubt anyone on here would vote through a T/O at 18p! I sure as sh8t haven't been invested here for 10 years now for 18p a share!!! 😡🤬😡)
I think that is just indicating that the pumping out volumes increasing and the increase to the original pond modelling not necessarily the aquifer modelling. I doubt if that would be far wrong but additional water could enter from other underground reservoirs.
Hydrological surveys are quite specific and shouldn’t be far away from initial modelling.
I mean, it’s rather unfair as it stands, him as against the others.
He joined at the wrong time, price-wise.
I’ve little doubt his options will be revisited once all this is done and dusted.
I realise in fact that I was thinking back to the original RNS in November mentioning the pause in the decline "This water management has indicated potential for greater volumes of water to be managed at surface than originally modelled." Although further modelling will have been carried out surely the mere fact another pond is being considered backs up the greater volume than expected idea?
Hi Bamps, I'll try to dig out where I read about water volumes when I get back home. I had thought that it was lower than expected pressure, but greater volume but I could be wrong. Either way I know it is not a case of ever getting all the water out per se. Yes indeed I poured scorn previously on those that inferred that rainfall would affect the lower aquifer as I previously mentioned it is likely to be ancient water. By definition a contained aquifer is just what it is! My mention of rainfall was simply in relation to the evaporation ponds and therefore the slowing of the capacity at which they could be utilised. I know there was a planning application in for another pond and I too will be interested whether this is constructed. It may not be worth it but I had read that another means of increasing evaporation is by agitating water either by mechanical or sonic means to increase surface area but this would most likely be an unessary cost when the space is there to simply construct another pond if required
Where has this 18p come from , can you provide any evidence.
Shaun has options at 25p and has bought some at 14p, has he really come here to gain 4p?
I’m certainly not selling at that low price when the future revenues could be so high it will be a daft move to except 18p
It seems a moot point. Whether Newmont can extract further capital expenditure from a buyer, or keep it longer in care and maintenance due to the aquifer, whilst being seen to comply with responsibilities under the JV.
Hi Chuffchuff
I’m not sure where you heard that the volumes are greater than modelled.
The high P90 estimate from 20/21 has not been exceeded at one point last year the water levels were said to be near the lower end closer to the P10.
Rainfall on the lower aquifer has no effect on the quantities, it is a contained aquifer probably ancient water.
The revision to the mining plan submitted last November has included provisions for another pond. Recent heavy rainfalls have been filling the ponds, this may have had some effect of having to turn the water flow from the aquifer off or down.
Whether they need the extra pond I don’t know but there are no storm ponds in the design at present. Looking at the Telfer images they have a few storm ponds.
Now they have permission we may see them working on this new pond shortly if they need it.
I do agree though it looks like NEM aren’t willing to commit too much funding to the project.
I think the market is currently missing the certainty that Havieron will get mined.
Either an external buyer comes in and takes out Greatland for about 18p a share, or we buy rest of Hav and Telfer and have an asset value of somewhere between 37p and 49p per share depending on inflation and gold price factors. THAT WILL BE OUR SHARE PRICE, as the debt will be squared off over 3 years at expected production rates.
But here we are at 6.7p, ho-hum...
Hi Texlax
Reducing the AISC was one reason for me highlighting the possibility of another metal credit within the ore.
Shaun told me that if he had Telfer he would extract everything he could out of the ore.
Initial drilling upto HAD009 all included a au/cu/co equivalent figure. Newcrest however dropped this saying the mineral domain boundaries could not be quantified for cobalt.
If it’s achievable I’m sure Ggp will get it but it’s a big IF.
The Northern front has tungsten in amongst it, so that is another possibility.
Other credits lower down include nickel and molybdenum but that’s future stuff.
At the top though it’s either cobalt or tungsten.
Would have dramatic effect on lowering the AISC. 🤞
There are so many variables in play. On POG, one doesn’t know but I can see a distinct possibility of a requirement by a lender of x amount of gold being hedged, in the same way as on the original bank lending, and subject to FS criteria.