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Ich hab "versucht" anzurufen, aber du warst nicht zu Hause. I tried calling you earlier, but you weren't home.
Or lights on nobody home 🤣
JD I am disappointed you did not comment about my german translation.
Seen it before AIM999, no doubt will again with SP and those like you. All so predicable, so much its kinda easy to take advantage in the past. Bottom line I do not care and i suspect neither do informed SHs. For me, I will continue to take them at what i believe to be a massive discount.
Hi Aim Et Al. One day soon you and your shorting bosses will have to throw in the towel as news and buys over runs your position. You have earned your profits, best to close now and bank it. Speedy
🥱
GGP seems to have an inverse correlation to the GOLD price at the moment. Now in the 5’s
Where is Paddy and Bamps? Pump, pump. More satellite pics and analysis guys
Maybe the sell off is concerns about a hugely discounted capital raise on the ASX. Who know how discounted they will go? If they go? At least their salaries don’t get discounted after equity raise, only the equity holders ( directors share options can get reissued and cash salaries come every month).
At some point this is worth a punt, but at what price?
Hi Jerry. $3k is probable $19k is possibly possible so $10k is possible and my calcs for an SP of £5 is possible. It will take a lot of ducks lining up but never say never. There are many examples of miners experiencing absolutely massive gains in gold bull runs and GGP are in an exceptional position to achieve those gains. ATB Speedy
My other observation with Golman and Citi - I strongly suspect that their forecasts have been down played internally to more acceptable increases - acceptable as in those increases which might not be regarded as outlandish. I would not be surprised for further upward revisions are given as retail consumers in the west start to wake up and I think that will come in a rush. Why? Lets take America and the fact the Costco are selling gold - word will get out of the rising cost of gold as shoppers walk by and take note and when your average American starts to include a bit of gold into their weekly shop it can spiral quickly - that's the power of the herd. Ever been in the States on a Black Friday? I have.
It is hard to currently value GGP until we know if we will own Telfer + 100% Hav, or some alternative arrangement. Explains why the share price is stuck in a range.
ChartaRex - and the really exciting thing is that miners haven't begun to catch up with the POG yet and we haven't started our next leg up the Lassonde curve. All the stars are starting to look like they have a real possibility of aligning within the next couple of years.
Usual caveats of investing apply - this is not for the day traders but they will have their day again here at some point no doubt.
Last week on Bloomberg, Goldman Sachs were predicting $2,700/oz & Citi were predicting $3,000/oz. So definitely more value to come for Greatland :)
An interesting debate on the price of GGP under various gold price scenarios. If we are happy to assume that a significantly higher gold price would do wonders for the GGP share price, dont forget that all miners will benefit and Newmont would probably be the next Nvidia and the magnificent seven would probably all be miners. On a bell curve distribution of likely outcomes it would probably be at the wings. But it doesnt mean that these scenarios cant be discussed.
IMO $3,000 is probable and $19,000 is possibly possible - maybe a 2% chance?
I'm sure that there will be many tech davy posters here that will laugh at what I am going to say. My fear with Bitcoin is that it is not tangible and that to my mind creates a risk or being compromised, hacked, stolen or made to disappear, whether by individuals or more like foreign state aggressors. Impossible you all cry - maybe so with todays technology but how can we be sure that advances in computer power / technology can not overcome today's impossibilities?
Gold is very tangible and accepted globally - always has been - the one constant over centuries.
I'm old school I know.
Seems to be a trend that when POG goes down Bitcoin rises and this includes spikes in POG like when Iran was struck as well as bases in Iraq the other day. I think that when the markets crash Bitcoin will as well and gold will get those reduced funds as safe haven. DM
H Doubting tom. Leave the bad odes to Mapp. Speedy
Hi All. I made a massive mistake in my post at 17:32. I said a "leverage effect of x 2" to reach an SP of £5. Well let me tell you the leverage effect should read as much as x 8. I dare not put that SP in print as it will be seen as ramping by some, so you do the math. ATB Speedy
About 3 years ago
Been a bit busy of late but when did MREX arrive?
New JV for Havieron at some stage with Wyloo / Fortescue with some debt and equity.
Get control of Havieron sorted and Telfer will naturally form part of the mix with Newmont looking to divest.
If Newmont want to step away from the liabilities of the future wind-down costs of Telfer mine throwing in the processing plant at Telfer as part of the deal for nil consideration might well be an option on the table.
Certainly going to be an interesting next 12 months ahead.
If Biswas was to come back, then the only capacity in which I would like to see him, would be that of joining the GGP board. That would surely send out one helluva message of confidence that Havieron is something truly special. But all us LTH’s already know that !
Hold your horses Biswas may be back in the near future. Sit on those hands to see first
Mark - It wasn’t that long ago that if anyone talked of the possibility that GGP might one day own all of Havieron and Telfer they were considered by many to have lost their marbles.
I did way back (circa 2 years ago) and I suggested we offer them 1.2 billion and watch biswas ride off into the sunset.
Obviously the cranks and misfits are making their late afternoon visit.
The price of gold
Don't mean owt
It's still in the ground
And won't come out
What I found more shocking Bellers in that interview was the part at 14.00 concerning the shenanigans going on at North West Copper resulting in their Executive Chair's resignation!?!?! 😲😲🤨
''certain members of NWST's retail shareholder base have approached board members and used highly improper methods to try to cause decisions to be made which would confer upon them a personal financial benefit. In my case, I have been threatened with personal litigation on more than one occasion for resisting such approaches.
I believe that NWST can become one of the most successful and prominent members of the junior copper mining community if its considerable assets are managed correctly." - Grant Sawiak, Executive Chair, NorthWest Copper.
Just a taste of the corrupt sh8t that can (and obviously does) go on behind closed doors and 'hat off' to him for having the integrity not to succumb to it!! 😡🤬🤬😡