Member Info for PaddyGall

Just as an exercise try this yourselves and see what Newcrest have been up to in the last 10 or so weeks.
Here is the satellite image from the 5th February

https://apps.sentinel-hub.com/eo-browser/?lat=-21.72061&lng=122.63489&zoom=15&time=2020-02-05&preset=2_FALSE_COLOR&datasource=Sentinel-2%20L1C

And here is the image from today with the same settings

https://apps.sentinel-hub.com/eo-browser/?lat=-21.72061&lng=122.63489&zoom=15&time=2020-04-10&preset=2_FALSE_COLOR&datasource=Sentinel-2%20L1C

Open both up and then just click between the 2 tabs to compare the differences between the 2 - Also check out the Field Camp, looks to me like there is a new "reddish" structure in the centre of the camp and the black structure in the image from February has become an 'L' shaped structure now so it's seems they are continuing to expand the camp also.

ATB - Paddy

Another delayed 5,000,000 buy from 12.16 showing up on the London Stock Exchange page now.

12:16:18 09-Apr-2020 5.20 GBX 5,000,000 260,000.00 Off-book LRGS AIMX

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?page=0&pageOffBook=0&fourWayKey=GB00B15XDH89GBGBXASQ1&formName=frmRow&upToRow=-1

The bid was 5.00 and the offer 5.20 at 12.16 so I assume this was also a buy.

All extremely pleasing - Paddy

MFU - if schlemiel can't work out the how AIM operates then I'm certainly not going to even try to guess. I guess even though there have been a few nice chunky buys they haven't been flying in and have given the MM's the opportunity to work them without too many issues.

Having said that we opened at 4.2p on Monday so a 1p rise on no news will do me nicely - more of the same would be very welcome next week.

ATB - Paddy

Quite happy for it to stay right where it is - it's been a decent week. New satellite image tomorrow, I checked the weather forecast for Telfer again earlier - sunny & 36 degrees so hopefully we'll get a nice clear shot. Let's see what they've been up to over the last 5 days down under.

ATB - Paddy

Apr 9 2020, 15:18 5.25 2,500,000 5.05 5.25 Buy £131,250.00000 O

Still some nice chunky buys going through - Paddy

Remember the right of first refusal on GGP's other prospects ceases if we sell Havieron in it's entirety to Newcrest.

I'm pretty sure the right of first refusal is on the remainder of Havieron for as long as the JV is in place but only on Black Hills and Paterson Range East while the farm-in is in place.

GLA - Paddy

1plus1 - great stuff from you mate and she has just responded to a couple of your points in the comments section but again I think she has got it wrong on both points.
Talking about discussing the sale of Havieron to Newcrest she states 'During the farm-in period, Newcrest will have a first right of refusal over the remainder of Greatland Gold’s Paterson projects (Black Hills, Paterson Range East and remainder of the Havieron licence)." So clearly the two companies have discussed selling the majority of Greatland's stake in the JV.'

Wrong - the remainder of Havieron that is referred to is the remainder of the license, not the 12 blocks that are part of the farm-in. It also only becomes a JV if it proceeds to the toll treating phase.

Second she says that you shouldn't rely on Cadia and goes on to say that perhaps Telfer would be a better comparison - fine Telfer is currently breaking even (maybe making a small profit) treating head grades of 0.7 g/t.

ATB - Paddy

Is that SB who is after bagging another 5 million for his stash.

Apr 9 2020, 12:25 5.175 5,000,000 5.00 5.20 Buy £258,750.00000 O

ATB - Paddy

Hi 1+1,

Perfect response to a badly researched and written article - ATB Paddy

Totally agree Chart - absolutely rubbish article. Badly researched and written.

3 weeks and counting - Paddy

Sharky,
Scallywag will be drilled by GGP - Havieron is being drilled by NCM. The rigs that are on Havieron will stay there.

Usually GGP only contract out 1 rig to do their exploration work.

ATB - Paddy

Hi tig,
I don't trade it but keep an eye on it. I know we're not miners but it should have a material effect on our final deal especially if it does go stratospheric as some are predicting.
All the best with your positions - Paddy

I see Gold Futures gone back through $1,700 again whereas Spot Gold is $1,653.

I read an article by Craig Hemke this morning that surmises that the variation between spot & futures is caused because traders are afraid to buy spot gold & then forward sell it, in case they can't get delivery of the physical in time to fulfil the future contract. This causes the gap to widen until such time that it becomes worth their while to take the risk and that's when the futures price will get pulled back again closer to the spot price.

https://www.sprottmoney.com/Blog/a-crisis-in-confidence-craig-hemke.html

I wonder how long this scenario will play out for before gold completely goes beserk?

ATB - Paddy

Spy - I don't hold any grudges mate.
I suppose when you put info out there you are always open to criticism regardless if you feel it's justified or not.
Jimiam is as entitled to his opinion as anyone else I guess.

Time to take the doggie for her exercise, ATB - Paddy

I really think we could get a big set of results on the 30th April.

Just looking at the last report - https://greatlandgold.com/wp-content/uploads/2020/03/20200311-GGP-Announcement-Havieron-Update.pdf

We are still waiting for the results from the bottom of HAD042 & all of HAD039 & HAD043.
I think these two holes are 'fan' drilling - look at the picture below - you can see the drill path shows 2 distinct forks on these two holes.
https://ibb.co/7Kq3cHf

They also reported that holes HAD041 , 46 & 48 were at pre-collar stage so they would have been core-drilled since then as well presumably. If we get a minimum of 2 forks on HAD039 & 043 then that's up to 8 sets of results from the last report before we even look at anything new.

ATB - Paddy

Shark,

Going by the spend up to now. NCM started drilling about the middle of May last year and announced the had completed stage 2 end of March. That's $20M in roughly 10.5 months. Now they started at Havieron with 2 rigs and gradually ramped up to 4, then 6 and eventually 8.

If they continue to ramp up to say 10 / 12 rigs then I could see them blowing through the $25M spend for stage 3 in 4/5 months. That's just a total guess on my part though.

ATB - Paddy

No worries Rup - remember, nothing goes up in a straight line.
After today we only have 13 more trading days to end of play on the 29th.

Unless something drastic happens between now and then I think you top-up will do just fine.

Sorry if you don't find it useful - if you research it a little I'm sure it will make perfect sense, if it doesn't then I guess it won't make any difference to your decisions one way or the other.

Good luck with your investment - Paddy

No worries Stu, just like to let people see what has been happening and then they can make their own decisions based on that.

Of course it all supposition now and nobody can say for certain what the size of Havieron will be - we might not know that for many years - but we can take all the facts and form our own judgement based on that.

If we are proven to be right or wrong remains to be seen but I'm waiting to see how it turns out .

GLA - Paddy

BIt of a quiet news day - so here's the time lapse video of the development of Havieron from last May up to last Sunday viewed from the Sentinel satellite.

You can see the field camp growing in the NW corner also.

https://twitter.com/paddygall1/status/1247840173741744129?s=20

ATB - Paddy