Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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This is a good assessment of the situation, Newcrest will pick this up on the cheap. Newcrest don’t build a 1200m decline for nothing without being pretty sure what’s down there. A substantial mineral resource upgrade or another significant discovery by Greatland may induce them to act, especially if it is in range of Telfer’s existing infrastructure.
Buy out - there may be an MoU in place to not allow any buy out that is not agreed by the GGP board - OK if another party bids then all bets are off - but that wont happen anyway as the farm in exclude that - plus the proximity of Telfer. So there is no rush for either side to agree a buy out until what the asset is is clear - that's maybe 5 years away? Guess.
Even if GGP discover another HAV in another target - where is it going for processing etc? Telfer i think, so the two companies are bound together now. That's my opinion - when will the price be good - i don't know - but it will be good sometime in the future 1-2 years i think. Don't trade GGP - its a bottom draw stock now.
I bought at 3, 7, 12 and 20p.
Thanks Blue
I sold my UFO holding back in May at 1.2p after the company revealed it was proposing to use funds from a placing to purchase an asset formerly acquired privately by some of its own directors. Related party transactions are one of the tried and trusted mechanisms for siphoning £££ from AIM investors, and - as I posted on the UFO board at the time, long before Tom Winnifrith picked up the story - I have zero tolerance for opacity where potential conflicts of interest are concerned. The proposed purchase was subsequently dropped after further adverse publicity, and UFO’s SP has fallen by nearly 50% from that point. Clearly this has created some sore losers amongst that boards resident ramping community…
For the record once again I am positive on GGP, and added to my holding in the recent placing. I am less positive on this boards resident rampers, and will continue to offer a grounded alternative to their self-serving nonsense about manipulation, shorters, paid trolling gangs etc. History will say that the rampers who roared on the spike in GGP's share price a year ago created the conditions that have led to many private investors being hurt by their investments here.
Are you sure Dullstar isn't Winifrith the pizza seller? Who once announced he was going to retire to his Olive farm in Greece. But like any oil saleman anything that spews from his mouth is a lie.
Much like his name which he changed to Winifrith to get some distance from a scandal in his earlier years.
A few of us are aware of old DullStar from other boards - a fervent devotee of Tom Winnifrith no less - starts off very nicely and TBF has some knowledge in some fiscal areas. He has struggled to play his usual games on this board with the high number of knowledgable posters .......
I do feel he is a bit of a fantasist with some of the more arrogant posting when he flipped on UFO about his personal situ, seems to be too hellbent on pushing narratives on chat boards to be the early retired financial genius he claimed to be there.
Once you're in the fortunate position of being set up for life - you don't need to be doing what he seems to indulge in.........just wait, if we ever make the campaign trail for Share Prophets, then this guy will be peddling whatever claims WinniFroth will be going on about......that is what I experienced on UFO with him.
Good post Zoros. I don't have much experience in junior miners, I just happen to like this particular stock. But I am continuously baffled at the calculations I see flying around here, where people act as if there is a vault somewhere in Oz, with pallets of freshly smelted GGP gold bars currently being "undervalued".
I also find the relentless posts about alleged manipulation, apparent "professional derampers" and various other tin foil hat theories to be equally frustrating. It detracts from rational discussion about the SP.
Seems to be a nice bit of investing taking place this morning. Storm Barra has blown out and we seem to be back to a bit of civility and hopefully a set of cracking results.
GLA
Good post Mushroom, he ain't as bright as bright as he thinks he is. Been keeping an eye on him since he joined.
GLA
glad you have noticed mushroomkid, i did warn the board, did the same at ufo.
Thanks very much Starbright for coming on here at what, 6.30 am when you started typing? Cackling to yourself and laced with the idea of cheering everyone up. You wrap up your prime objective, which is to sow seeds of doubt, in fancy language, as ever. There is an air of 'superior than thou' with a smattering of 'smirk' in nearly every one of your posts about GGP. I have held back from saying too much to date but enough is enough.
What I am going to however, is copy and paste your comments onto the board tomorrow morning. Let's see how they looks post-results eh? Bet you didn't forecast that spike coming oh Lord of Darkness?
In the meantime, I'm going to have a cup of tea.
Syhco and Starbrights posts have been carefully and very intentionally composed in my view and posted on the morning of results ..... just my view.....R
StarBright you use the same words .. but in another manner “ won’t be producing for several years “ is totally wrong as Sandeep says get the gold out asap . Which will be 1st Q 2023 all going well !
Thank you Zoros. I agree!
The negative sentiments that dominate discourse on this ‘board are artefacts of the anchoring bias created by the spike, and will only be undone by significant recycling of the shareholder base over time.
Anchoring is the underlying cause for the endless posts about “… why so many still think the SP is currently underrated... horrible year for the SP… Market manipulation holding the SP back… Shorting causing the SP to stay low…” etc
To these you can add all the comments about how badly SD has done, about how the SP will “spring back” when “they let it go” etc etc etc.
Look through the words and you will see that ALL these expressions are framed by an implicit comparison with the transient spike high. Very little thought is given to the reality that GGP is a tiny company (17 employees?) valued at nearly £600m despite not being expected to produce any gold for several years. By most objective standards, the SP/MCap is high not low…
Zoros - everyone knows that " There is 2MozAu indicated @ Hav currently. GGP owns 0.6Moz. ALL of it is in the ground." - doesn't get you to 15p - it's the growth potential that gets you there, and then to 30 and then to 50+ I sincerely believe we will move up, and move up big time, but I don't base my view on the PFS (other than I know it included a tiny fraction of what's to come)..this is about future growth and capturing that
I never cease to be surprised why so many still think the SP is currently underrated...
Comments like "horrible year for the SP".
Market manipulation holding the SP back.
Shorting causing the SP to stay low. (It forms a part of every day life on the SE).
In fact it frustrates the hell out of me if I am being honest.
Why can't "investors" (and I say that with tongue in cheek) understand why the SP is what it is?
Perhaps it is because many have lost so much that they think it's 'unfair', or it has become personal and they are consumed with doubt about their investment strategy.
I have been and am invested in more than one junior exploration company...been doing it for years, so what I see now is what I have come to expect.
I say again: There is 2MozAu indicated @ Hav currently. GGP owns 0.6Moz. ALL of it is in the ground. The market has afforded a value of circa 15p..THE END. Suck it up.
[Solg has atleast 20MozAu and its SP has been around 20-30p for years - because its gold is IN THE GROUND still).
When the MRE2 comes out next year, the brokers expect circa 10Moz of which 'possibly' (my words) approx 3.5Moz could be rated as indicated (in total). They have afforded this increase in resource, the princely sum of: 24p. Suck it up guys.
NCM own 70% of everything. Remember that. The SP reflects this.
The SP of a junior miner (or minnows as I call them) always lags behind the prize.
There is a process to follow, a game to play and GGP are no different from any other minnow.
All being equal, the SP will steadily climb especially at seismic moments but it is where it is currently because THE GOLD IS STILL IN THE GROUND. When that circumstance changes....that is the time to watch the SP like a hawk.
Calm down, do some research, look at other minnows as they progress along their own paths and cut through the incessant ramping (just as you do with the doom mongers), to properly prepare yourselves for the final outcome.
The halcyon days @ GGP are over. Making 3 or 4 digit (or even more) profits are gone forever. If you weren't one of those during that period.......it ain't going to happen now. Suck it up.
Everyone who is in now, will make a decent profit...one, definitely two years from now but do your own maths and try to understand why GGP is in this 15p channel for so long.
The rest is down to patience and resilience.
2022 WILL be a good year for GGP...its time is coming.
Z
Starbright - it's a very fair point that the SP was 'massively overvalued' at the start of '21...but it's not alway quite so black and white...at how many points was the e.g., Tesla share price massively overvalued over the last few years? Fully agree it's about timing, and not many get it right, but your never know, maybe it was then massively undervalued and now really massively undervalued? All depends on forward view, risk assumptions etc. etc. And ultimately what actually happens!
Very true Starbright lets look forward its better for your mental health. Atb
I think you also have to look at the starting conditions. GGP was massively overvalued at the start of '21 on the back of the mother-of-all-ramps coupled with a uniquely price-insensitive buyer in size. It's taken/taking (depending upon your point of view...) a long time for the bubble to deflate. In the process a lot of investors have seen their dreams punctured, and their pain is visible here daily. Well over 5bn shares have changed hands this year at a VWAP >21p, so many many hold parcels of shares that will need +50% from today's SP before they are above water.
The first rule of Italian driving applies now though... https://youtu.be/fDaONrHK1f8
It's about time we stop the talk and we have some action
Thanks DJF - makes good sense to me.
I’ve been researching as to why our s.p has had such a horrible year 21. There were a number of reasons such as a pull back in certain metals due to fears over covid. Disruption in logistics. I.e. getting the metal from a to b. The gold price following the price of bonds. Traders and funds leaverage against the price of gold. Interestingly the price of gold seemed to have followed covid. The only thing I could fathom as to why would be due to logistical problems. So Reading various articles I just concluded all the angst around why Ggp in particular has dropped so far is more to do with global issues right now which has effected the whole mining sector in particular but also the market as a whole.
Future forecasts does talk about a recovery by 2023. With the arrival of the new variant omicron will not help. But it seems regular vaccination may resolve that obsticle. However the good news is the price of gold is cyclical. So what goes up got to come down and vis Versace. What goes down will recover. As long as it does for 2023 is what we should concern ourselves with. If that is the case recovery couldn’t be timed better as, all being well, that is when Ggp will be producing and bringing in an income.