Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Started: Bellers, Today 07:22
Last post: 96dc2, Today 15:29
Wouldn’t want to be out of this over the weekend. 😉
What was 'predicted'?
As predicted, well done true GGPers
Your the best mate 😎😎😎😎😎😎😎😎😎😎😎😎
Cheers Tom, great memories
Started: TimberTrader, Today 14:06
Last post: TimberTrader, Today 14:06
Whatever it is, GDXJ rebalance, or someone/institution wanting shares, it's evident, again, for sure.
After that, as always, who knows....Only time will tell!
You pays your money, and you takes your choice!
Started: Jamesp21, Today 13:13
Last post: Jamesp21, Today 14:04
Thanks! Thought it might have been today.
GDXJ Data
Rebalance
Snapshot: 31 May 2024
Announced: 14 Jun 2024
Rebalance: 21 Jun 2024
Reweighting
Snapshot: 30 Aug 2024
Announced: 13 Sep 2024
Rebalance: 20 Sep 2024
https://marketvector.com/indexes/hard-asset/mvis-global-junior-gold-miners
Anyone aware of the key dates associated with the quarterly GDXJ rebalance?
Hi Bamps. Glad you all had a good time discussing isocoulombic form after 8 pints. ATB Speedy
Our chat last night turned to Ernest Giles and “ the substantial drilling campaign this H2”.
My thoughts on the Banded Iron Formation is still one of excitement. Goldworms view it will be difficult to find under cover.
Our talk turned to the chemistry side of this, at this point my friend Roger’s eyes glazed over.
This is what we were talking about:-
https://www.sciencedirect.com/science/article/abs/pii/0016703796000610
Hydrosulphide gold complexes where they meet iron gold drops out of these fluids and produce rich mineral deposits in faults and cracks of the BIF)
This is my simplistic view:-
“When EG Banded iron layers were formed you have to be looking at 3 to 3.5 bn years ago before oxygen started forming so sulphur was the dominant gas. Tectonic movement and magma movements would have cracked and folded these Archean greenstone rocks. The granotoids coming up would probably have had trouble getting through these BIF and come up on the peripherals as at Meadows so the main contact could be where the 2 meet. This suggests the gold could be at the contact points depending on what the chemistry make up of the granotoids are. ( Granotoids are blobs of magma coming up from below bringing up these hydrosulphide gold fluids).
Gold is also found in the cracks and faults of the BIF.
With 2-300m of cover it’s not going to be easy to find but if they hit one “Bobs your Uncle” 🤣”
I sat next to a chemistry teacher at one Town hall and he was always interested in my chemistry chat on here and says he used it on his pupils. Poor kids 🤣
Started: MH01, Today 10:16
Last post: MH01, Today 10:22
1hour10min07seconds Telfer and the “package” mentioned
Hi All. I have stated here that there is a good chance the POG will reach $3000/oz this year. Although there is no profit from a gold price rise bought about via inflation the effect of new ATHs will bring in more western institutions. The good ole USA has passed a new budget deficit of $2trllion/yr!!!!!!!!!!!!. This rise is due to the necessity of servicing current debt. This act of printing $s to pay for debt repayment is totally un sustainable and must end badly with hyperinflation being the outcome.
What this does for our bottom line is hard to work out. All i know is that holding physical gold and the producers will be advantageous. ATB Speedy
Started: MH01, 20 Jun 2024 10:49
Last post: Spymaster25, Today 07:43
I'm sure if anyone wants to filter me they will do it, but hopefully for something more than posting the truth (as I see it at present).
Careful Spymaster25,
Redirons the self appointed GGP ringmaster, will be greenbinning you! 😅😅😅
Yes i wanted another 2-300k missed the 5.5 money tied up
Trippy. I was very happy to let you LTH’s argue with each other.
But since you mention me yet again, in derogatory fashion, I would remind you that my so say trolling and negativity is to mention that pi’s should always be at least wary of a fundraise, which you all seem to hope is coming.
Best of luck.
Actually I need another 339,000 to round up my holding. Plenty of time to do it
Started: Rotherby1, 18 Jun 2024 22:46
Last post: Rotherby1, Today 06:45
Yesterday was good, very few green bins, the shortage of food does have the desired effect.
Making a lot better board.
Keep up the good work, don't get dragged in, they love that, just filter them they will not be here in July if you do (other ones and reincarnations, yes , but they should not be given life).
KEEP UP THE GOOD WORK, THANKS TO ALL.
Sounds like another "drug induced" 70's cartoon show 🤣 maybe "our" 3 bears have been down on HAM's eating mushrooms.
So true Rotherby, but it somewhat reminds me of an episode from the 1970’s cartoon “The Hair Bear Bunch” where once the Zoo keepers went home for the night, Hair Bear, Bubi Bear & Square Bear left to their own devices, ran amok down there at Wonderland Zoo, with nobody except Messers Botch & Peevly to keep em in check.
Even the Zoo’s resident Lion tamers, with their wooden chair’s & proding sticks have downed tools, after yesterday’s criticism by the once supportive audience.
Any suggestions as to who our three Bears here currently are ?
They will bite you hands.
Have just read a reasonable thread, then you hear the animal make noises, and you decide to start feeding the Zoo animals, and the tread goes NOWHERE.
If you cannot stop feeding them I advise others to put posters that feed the animals in the green bin as well.
If you feed the animals then I doubt you have anything real useful to add, you are messing up the threads as much as the animals you are playing with, if you want to play go elsewhere.
Started: Hopefullygold, 20 Jun 2024 16:56
Last post: acechaser, 20 Jun 2024 18:55
And good find hopefully.
Bamps is correct.
Hopefully, it may be worth mentioning that Havieron does not share this problem. It is a contained aquifer of porous rock that is (Bamps tells us) Hypersaline and no ingress of fresh water is expected. The water has been there for centuries and once we are through it, will be far easier to manage.
This is a presentation by Joseph Evert of (Mineright Australia). He is the guy heading the Havieron aquifers solution.
This document tells how he contained a 500 litres per second ingress.
….Yes 500 litres per second.
If you a really worried about your GGP investment be stopped by water you may want to read it - Nine
https://www.ausimm.com/publications/conference-proceedings/underground-operators-conference-2023/managing-high-volume-water-inflows-of-300-ls-in-the-planning-and-development-of-a-large-scale-underground-gold-mine--the-didipio-story/
Last post: Stebol, 20 Jun 2024 17:24
Aquifer - blah blah - done to death, it's not a problem.
Telfer tailings - also not a problem for us as Newmont sorting it.
Hav - shed loads of gold and copper.
Just waiting on the deal - everything else is just a load of Asparagus.
Best to the long termers - getting close now
Started: Bamps21, 19 Jun 2024 10:44
Last post: Freddie2, 20 Jun 2024 14:10
Paranoid not really its just you mentioned my name lol . Obviously people who are looking to buy may come on here to see what’s occurring
You're very paranoid Fred I wasn't meaning yourself
Hj another post with no back up , how would you know ? Lol
It's a bit like people who aren't invested coming here and spouting rubbish Fred.Strange !!
Well done Blanty - good on you!!
Started: speedymeadie, 19 Jun 2024 12:14
Last post: speedymeadie, 20 Jun 2024 10:14
Hi SharketMare. It all depends, if the acquisition is a producer. This debate has so many permutations that it could go on and on. I am just saying that GGP are in a position to arrange financing. ATB Speedy
But that is very different to what you originally suggested. If we sign a royalty agreement and then use the cash for an acquisition, we are simply acquiring the target with cash. It would be an insane tactic for a company like ours to take given we're not creating any revenue.
Hi SharketMare. Yes, royalty Cos been doing it for years and banks lending funds to assist mining development. ATB Speedy
Speedy, are you suggesting that we can fund an acquisition with gold in the ground?
Good investment for the BoE 🤣
Started: TimberTrader, 20 Jun 2024 08:39
Last post: MF11, 20 Jun 2024 08:42
Normally coincides with a Town Hall on his way back to Australia. So I guess we can look forward to one in late September.
Hopefully he will have loads to update us on.
I don't know if posted earlier, but I noticed that we'll be presenting again this year at 'Gold Forum Americas 2024', which is running from the 15th - 18th September in Colorado, USA.
We're presenting 'Live in person' on Monday, 16th September at 4.30 PM (MDT) = 11.30 PM (BST).
https://www.goldforumamericas.com/program-agenda-gold-forum-americas/
Started: barna, 20 Jun 2024 03:58
Last post: Bamps21, 20 Jun 2024 07:57
Hi TT
There was a big difference though DDH accepted that deal on the back of exceptional results of HAD001, they could see an immediate upside to the sp with more drilling. I’m not sure if they still have those 22m shares I doubt it.
Antipa are trying to do this on their own with limited funds, getting closer to a PFS but nowhere near an FS.
It’s the reason Ggp couldn’t have done Havieron on their own, completely different story now.
Interesting to see that Antipa has arranged a drill-for-equity agreement with Topdrill, allowing up to $1 million of drilling services to be paid in shares.
We did similarly with DDH1 Drilling back in 2018, for early drilling at Havieron, when DDH1 agreed to accept part payment of its drill programme fees in the form of shares and warrants in GGP.
Https://www.proactiveinvestors.com.au/companies/news/1050215/antipa-minerals-secures-6-75-million-for-minyari-dome-exploration-1050215.html
Antipa Minerals secures $6.75 million for Minyari Dome exploration
Started: MH01, 18 Jun 2024 09:48
Last post: firstmodern, 19 Jun 2024 22:27
A genuine nice guy and Aussie.Bonzer!
Not happy with that shrimper - expected more for the tenner I offered you.
And yes- looking forward to a celebratory knees up - especially when Red is buying.
Hi Viking - great stuff, can’t wait!! C’mon Shaun and the Team!!
Yes Red, looking forward to celebrating with you,Ace, Speedy et al. MH01, nothing fake in Ace.Enjoyed many a schooner with him and Speedy at our Essex meets, a genuine nice guy and Aussie.Bonzer!
Thanks Ace - heyho I will survive (at least until our celebration!!) 👍🍻
Banging my head against a brick wall
I feel your pain Red - just thought I would reach out 🤣🤣
Started: Everyonesawinner, 19 Jun 2024 11:40
Last post: Everyonesawinner, 19 Jun 2024 13:48
Cheers ACE - wish they would hurry it up a little :)but guess a little longer wont hurt
I would not go so far as to say they have "halted" on it. Other than "the sale" side of things possibly slowing things down a little I would suggest it is business as usual and the FS is being worked on as we speak and the DTM may well come in sync with a "sale" announcement.
For me they (the sale and the FS) are two different exercises being worked on by different teams - at the same time.
Not long now 😎
Is Newmont still abiding by the original JV terms for the 70% ownership. Shouldnt we have had a few more steps completed like FS and DTM etc etc and if these are not completed are they in default prior to sale. It certainly seems like they have halted on HV
Started: speedymeadie, 15 Jun 2024 11:28
Last post: 5x5Croire, 19 Jun 2024 11:07
SAB - I completely agree, which is why I aren't remotely bothered about the SP today.
Hi James, when we get the RNS to say we are purchasing Telfer and the 70% and the strategy, I expect instant double digits. We may pick up again on Friday if GDXJ acquire a few more mill. The SP is frustrating , but we all have a fair idea of what is coming! Hold for Gold.
We've been there before, therefore wouldn't surprise me if it happened again pre-news. If we see the 5's should we own 100% of Havieron and Telfer, then we have a problem.
Don’t think anybody wants to see the 5’s!
Started: markjphennesseyg, 19 Jun 2024 09:35
Last post: markjphennesseyg, 19 Jun 2024 09:35
Don’t worry Havieron, GGP will be Bringing it all back home.
“Come writers and critics who prophesize with your pen
And keep your eyes wide, the chance won't come again
And don't speak too soon, for the wheel's still in spin
And there's no tellin' who that it's namin'
For the loser now will be later to win
'Cause the times they are a-changin'”
For the better, Yes, soon the times will be a-changin (IMO)😀
Started: barna, 18 Jun 2024 14:32
Last post: barna, 18 Jun 2024 14:32
Https://www.businessadvantagepng.com/newmont-ceo-wafi-golpu-will-be-developed/
The potential to increase its exposure to copper “was a fundamental premise” behind Newmont’s initial approach to Newcrest two years ago, said Palmer.
Analysts have warned for some time of a looming copper supply deficit, with global consultancy McKinsey projecting that output will fall 6.5 million tonnes short of demand by 2031.
Palmer commented in his speech that while demand projections were driven largely by the energy transition and widespread electrification, a new driver was rapidly emerging in the form of artificial intelligence (AI) and data centres.
“[It’s been] quite remarkable to look back over the last couple of years and to see that move in AI. We didn’t see two years ago that it would put further demand on copper,” he said.
“Our project pipeline is all copper. What we’re going to bring on in copper will then start to complement the gold we’re producing, [which] will further strengthen our business.”
Started: Bellers, 18 Jun 2024 09:42
Last post: Bellers, 18 Jun 2024 09:42
Last post: CheekyChops1, 18 Jun 2024 09:23
No news until August i meant!
Was it mentioned in an interview regards no news in August? No that August is that far away! And coal?! That a new one me.
Ooops...obviously hit a raw nerve @ 10:21 today? Post pulled.
A reminder then - can peeps stop responding/reacting to numerous aliasses who are winding the forum up.....perleeeeze?
There was a time when this site was worth reading but all that's out the window while we wait for news (in August) from the coal/gold/copper front.
Culpepper and nine...somethingorother - filtered.
Z
The perfect reminder that kids shouldn’t eat sweets before bed. Give it a rest, all of you.
No nine top prizes for guessing who's brother in-law sat on the board of Primorus at the time - I believe it's common knowledge?
Of course if you'd like to hear about a great strategic win, take a look at Primorus Investments.
Built up a holding of circa 37 million shares back in 2018 at an average of 1.7p. Cost them circa 633,000. Made tens of millions - I think it was 60 million but happy to be corrected.
Stephen Beetham for those who are not familiar.
Freddy, maybe a reincarnation of Beets?
Started: Sellmethispen, 17 Jun 2024 16:56
Last post: acechaser, 17 Jun 2024 19:13
I do not think you did - it was a good post. As I said they will not be getting any of mine.
Apologies, should have read "sellmethispen.
Ellmethispen,
16:56 today
"Interesting to note that the amount of sells significantly outweighs the buys yet the share price has held up very well! Perhaps that is because they are being mopped up in the background and the buyer still wants some more!"
Yes, I agree with you, looking at it from the outside it does appear interesting, maybe even odd.
On face value, we are presented with "determined" buys and sells.
They are all transactions - if you want to buy 100 shares and I want to sell 100 shares and our prices match, especially at auction stages - what will that transaction be declared as, a buy or a sell? It's my understanding that when that trade takes place the current price will determine what it is. If our agreement price is below the current price it will be noted as a buy and vice-versa. It's worth bearing in mind that the "current price" is simply a searching point created by the algorithm. As for a buyer still wanting more - I think that will be dark pool transactions. Volumes don't suggest a big order.
Of course, I'm not suggesting you don't already know this but it might be helpful for others who are not familiar with the workings. No doubt AI is playing a big part in transactions now too.
We have over 5 Billion shares and the volume of buys and sells today do not move the SP, not even by the tiniest amount.
For those who would like to get a better understanding I would suggest looking at sites such as Investopedia, Centerpoint and Quantmatter, there's loads of others too of course. Investopedia was my starting point - nice and easy.
If anyone would like to get a grasp of the exploration, discovery, mining and the methods of such, then without a doubt Bamps21 is the go-to man on here. The guy is dedicated and it's blatantly obvious, to me at least, he is at the top of his game. His info is accurate, his opinions and views are built on the solid foundations of his research.
Legend has it that Mr Day has at times been perplexed by the knowledge behind questions raised by Bamps21. That's got to be good surely.
I had posted my comment about the share trades because I thought it was interesting and relevant, also had wanted to move the conversation away from the constant bickering that seems to have infected this board. On this point I seem to have failed miserably 😢
Slowly but surely taking everything they can while they can - except mine and a fair few others.
Last post: acechaser, 17 Jun 2024 16:31
Stop stirring people up Mark 🤣
Hi Bamps,
Think Ace was just messing around lightheartedly,in amongst the other stuff. My fault.Sorry.
Hi Ace
I don’t think your rumours are correct.
The Telfer dams aren’t ready , we know they have only just got going on the fix in the last couple of weeks.
There is activity around the ponds and future ROM pad but the sat images aren’t clear enough. If there is waste rock coming out it will be from the raise bore vents but I understood those to be complete.
I heard a rumour the decline has started again and the dam has been fixed.
Latest news
England win Euros beating Scotland 10-0 in the final.
It’s more credible than most of the FUD on here
Keep the faith