Member Info for PaddyGall

Primorus have tweeted the UBS research note this morning

https://twitter.com/priminvestments/status/1270222725089550337?s=19

I've had a look at the planet.com satellite image from today.

Here's the differences that I can spot from last Friday.

https://ibb.co/S78DySY

There appears to be a feature (drill-pad perhaps) just above the square feature
The new drill-pad in the NW is circled in blue - it's about 200m west of the bottom one in the line of 3.
There is a lot of ground disturbance between the line of 3 and 'Lake Havieron' - circled in green.
I can see 2 new holes to the south of the sand dune - again circled in blue.
They appear to have re-activated an old hole in the centre of the system - so it looks like the infill drilling is carrying on also.

ATB - Paddy

Stebol - that thought had crossed my mind also mate. Although they seem to trust each other and seem to have a good relationship, what would be the implications of them striking 100m @ 10 g/t from 150m while NCM have legal title to 40% of Scallywag?
I'm sure that GH will have all the options boxed off, I'm happy to go with whatever he deems the best course of action.

@Spratt - I've looked at planet.com and I will try to get a few graphics done a little later and post them up here.

ATB - Paddy

https://www.brrmedia.co.uk/broadcasts/5ede191a5e278421d06962ca/greatland-gold-havieron-mining-lease-application-agreements

Great RNS this morning - chuffed to see this line in there.

"Greatland looks forward to further strengthening its relationship with WDLAC and the Martu People of the Central Western Desert region, both as a Joint Venture participant and through our own exploration activities in the Paterson region."

Obviously GH has been developing a good working relationship with the Martu and hopefully he will be able to announce that the 'heritage clearances' have been approved and we can get cracking asap at Scallywag. I'm sure all the targets have been refined and selected during the last few months so they will be hitting it hard.

If GH announces that drilling has started, then considering that it is shallower ground than Havieron - how long would it be before we could get a 'visual mineralisation' RNS like the one we got for HAD005. That should keep everyone on their toes between the regular NCM updates.

2.5 days and counting - time to jump on board - Paddy

I've posted this up on Twitter this morning.

There's definitely a new drill pad appeared about 200m further west than the one at the bottom of the line of three.

I guess those three have been hitting mineralisation - looking great for the patient ones.

https://twitter.com/paddygall1/status/1269898641608716288?s=20

ATB - Paddy

CB, it's possible that it could be next week but this Thursday is exactly halfway between the 30th April and 23rd July.

If it's next week all the better, more results and less time to the next quarterly.

ATB Paddy

It won't be tonight - tomorrow is a bank holiday in Australia.

Hi AM90, just had a look at planet.com and there's definitely a new step out hole pad about 200 West of the bottom hole in the line of three. It appeared on the 5th.

Looks like the growing phase is ever expanding.

Haven't had a chance to look at the nocturnal image yet but NCM will be going 24/7, weather is getting cooler so they'll be making the most of it.

3 days and counting - Paddy

Guys - I'm not complaining, we're up 1.4p from last Friday's finish - this time last year we were stuck between 1.5 - 1.7p for pretty much all of June & July, I think that puts it all into perspective.

It will be great also if we do get some clarity on Scallywag after the NCM update - as someone said earlier today, the MM's & traders can pretty much play it as they want at the moment because they know that the updates are coming in as regular as clockwork. When we start to see other news coming back into play it might cause people to be a little bit more reticent to jump in and out so regularly.

We should see a nocturnal satellite update over the weekend - ATB Paddy

Finishing on a bit of a whimper after last week's Friday fireworks but the real question is what will the price be this time next week?

ATB - Paddy

Joblot / hydrogen -

Don't forget specialist investment companies like Primorus who have 37M shares and Starvest who own 82M shares

"Havieron is perhaps..... to good!"

Sungam -- personally I think you may have hit the nail on the head. I think that 12 or even 6 months ago that GH would have been happy to have been contemplating a buy-out / takeover at this point of the journey but as with us PI's adjusting our top-slice points as we've moved up then I'm sure the GGP position and their negotiating hand has been reassessed at every stage along the way.

We now know that GH has had Hannam / Numis looking at the possible value of Havieron to both us and NCM for a long time and as GGP have access to the drill data then they would be preparing their own estimates / modelling in parallel with the number crunching that NCM are no doubt doing.

GH won't be worried whatever way this plays out - all we can do now is let NCM carry on proving the system up in their methodical, proven fashion and we will reap the rewards as sure as night follows day.

Easy hold - Paddy

THE_CHAIN - very salient points and a lot of the points are correct IMO.

NCM are a very methodical company who GH has said specialise in 'drill-outs' - sure they are going at breakneck speed on this one because of the urgency of the Telfer situation but they will still be following their methodical, approved plan and IMO will see out the farm-in and decide what to do from there.

I'll be happy to be wrong and see a big Havieron buy-out with a fat premium and perhaps a royalty attached but I'd be very, very happy for this to play out and we get full and fair value for every ounce that is discovered at Havieron.

GLA - Paddy

Firstly the yearly allowance into an ISA is £20K not £12,300
Secondly all profit from sharedealing in an ISA is tax free - you could make £1,000,000 profit in a year and it will sit there for you to draw down at you leisure.

ATB - Paddy

I see DeGrey are up over 30% overnight in Australia on the announcement of an extension to their discovery in the West Pilbara.

They have just announced they are going from 4 to 6 drill rigs - puts into perspective the speed that NCM are going at Havieron.

Just shows what's possible here.

GLA Paddy

Thank you panama - I appreciate the sentiment

Cheers Dodge, now you know why I research as much as I do, but the research is pretty much done now and Havieron can look after herself IMO.

Endgame - any of your suggestions would be palatable - personally I've always said I'd love for GGP to stay as a minority partner in Havieron and watch the money roll in stress-free for the mine lifetime - that all depends on that option being acceptable to Newcrest though.

If Newcrest are to buy us out then hopefully it will be after the farm-in has completed and we all know pretty much exactly what we have in Havieron so we get fair value for our share. I don't mind waiting another 12-18 months.

Paddy

I've been in since September 2017 and it was my first foray into penny shares after hearing it mentioned on the PMO board (GGP has a bigger MCAP than PMO now). I was sucked in by the Newmont situation and I think I had about 20K invested at about 2p average. When they walked I was going to cut my losses but when I heard GH's interview with Andrew Scott something in his voice persuaded me to stick with him.

GGP went from 2p down to about 0.6p and through that summer I sold up most of my ETF's and bonds and averaged down massively in both my ISA & SIPP. I have been buying with my monthly allowance every month up to last April when it seems pointless adding another £500 each month.

I've got about £180K invested at an average of 1.32p which gives me just over 13.5M of these babies and am very happy to say that GGP has made me a paper millionaire. I to have changed my top slice targets all the way up from 5p, 8p, 10p and took my 12p sell off last week. I haven't sold one in the 2.5 years I've been here.

I will definitely sell some in my ISA in the near future but the rest in my SIPP's are staying put for the endgame.

Looking forward to seeing what next week brings, Onwards & Upwards - Paddy

Well Flashy - that's the 6 million dollar question.

I would like to think so but then again I've held through every other sell-off and watched it come back stronger every time.
It would be nice to see the sell on news traders get locked out but we'll see.

ATB - Paddy