Member Info for PaddyGall

Where do we think that GGP should concentrate their initial drilling campaign at Scallywag

https://twitter.com/paddygall1/status/1234451450610225153?s=20

ATB - Paddy

Can only be a matter of time until the rest of the warrants are exercised also - that's roughly another £3.8M that potentially we would have access to in the near future.
Next set of results will be the catalyst IMHO - Paddy

Greatland Gold tweet just now.

https://twitter.com/GreatlandGold/status/1234434325883412480?s=20

"Nearly £2m raised from warrant conversions in the past month further strengthening Greatland's financial position - well financed for 2020 Paterson exploration programme "

Just need the RNS detailing the plans now - GLA Paddy

https://polaris.brighterir.com/public/greatland_gold/news/rns/story/rn1d3kx

Nice nearly £1.9M more into the drilling kitty.

I don't put any store in the "1 trade" malarky - but seems to be a strange trading pattern with big spreads, small trades and quite a substantial rise on relatively low volume for this share.

All a bit curious - maybe even the MM's are a bit jumpy and spooked at the moment - I think we could be due at least 3 RNS's over the next few weeks :-
The interim company results, the Newcrest interim drill results and hopefully the drill plans for Scallywag and potentially Goliath also.

This time last year we were patiently sat waiting for the drill plans for Havieron when the farm-in RNS dropped on the 12th March so anything is possible here.

GLA - Paddy

I thought that this app to allow the small trades was only at 3.00 pm. There's been a lot of single digit trades gone through so far this morning.

All good fun - not long to wait for the next assays now - Paddy

Looking back over the last few years - we are due our half yearly results RNS soon also - we got it on March 4th last year.

Scallywag is a lot more shallow than Havieron as well so we should get a lot more drills in for our money

Paddy

Primorus tweeted about it earlier - I posted the paragraph from the article. When I clicked on it the complete article opened but now I can only see the first few lines as well.

"While Winu could be an option for Telfer, a far more likely source of supplementary ore in 2023 is Greatland Gold's Havieron discovery, which is located about half the distance from Telfer as Winu.

Newcrest has struck a partnership with Greatland Gold over Havieron, and has described the asset as one of its two most important exploration priorities globally."

https://twitter.com/priminvestments/status/1234120961370271747?s=19

GLA Paddy

Red Chris I would imagine

I really hope we get to carry on with the exploration in the Paterson in one way or another - have a look at this overview of the GGP tenements that I put together this morning.

https://mega.nz/#!5pZmwSzY!I5DQaQO1xDZtNt2wAh8p6xm-iN_WKcN0Ny4_vfRdeIM

Can we please get some holes into Scallywag asap Gervaise - Cheers Paddy

Nice mention in this article about RIO - talking about WINU being a potential feed source fur Telfer.

https://www.afr.com/companies/mining/rio-tinto-zeroes-in-on-lithium-but-next-mine-may-be-copper-20200226-p544q1

"While Winu could be an option for Telfer, a far more likely source of supplementary ore in 2023 is Greatland Gold's Havieron discovery, which is located about half the distance from Telfer as Winu.

Newcrest has struck a partnership with Greatland Gold over Havieron, and has described the asset as one of its two most important exploration priorities globally."

GLA Paddy

There's one other point in the farm-in agreement relating to the Feasibility Study which is important to point out -

"Expenditure incurred in connection with the Feasibility Study that is in excess of US$20 million shall be funded by the Parties in proportion to their respective Participating Interests in the Joint Venture at the relevant time the Feasibility Study is delivered, in accordance with the terms of the Joint Venture Agreement."

So once NCM have spent their $20M on stage 4 then we would need to contribute to the pot to see it completed. Maybe this is the point where GH will get to before deciding to negotiate on the fair market value. We will be a lot further down the drilling road and should have a good idea of the likely scale of the future mine.

Well milestone 4 says "if Newcrest (and/or its related bodies corporate) completes and delivers, or incurs no less than US$20 million by way of Expenditure toward the carrying out of, a Feasibility Study for a project on the Tenement Blocks" so I would assume that we will be well past the PFS & MRE stages by then and they need to complete stage 4 to get to 70% before we even look at fair market value for our 5/30%

Also GGP should be fully aware of all results & planning during the farm-in.

"During the Farm-in Period, Newcrest will act as the Manager with respect to the Tenement Blocks. After the Farm-in Period, the Participant with the majority Participating Interest in the Joint Venture will be the Manager of the Joint Venture. During the Farm-in Period, and prior to entry into a Joint Venture and the establishment of a management committee, the Parties shall establish a Technical Committee comprising of one or more representatives nominated by each of Newcrest and Greatland."

https://polaris.brighterir.com/public/greatland_gold/news/rns/story/xp4py3x

GLA - Paddy

https://apps.sentinel-hub.com/eo-browser/?lat=-21.72305&lng=122.65924&zoom=15&time=2020-03-01&preset=2_FALSE_COLOR&datasource=Sentinel-2%20L1C

Unfortunately Mothernatue has conspired against us again today - It's lots of fluffy clouds in the Paterson and one is strategically placed right over Havieron. You can just make out the 5 holes in the SW corner and the 2 to the North of those. They seem to be still pretty "black" against the background so pretty confident they are still active.

To my mind that means they are still drilling these at depth or they have started infill drilling from these pads also??

March is here boys & girls - not too long to wait now - Paddy

Valley, I think it will be an initial MRE which can then be suitably upgraded with subsequent step out and more infill drilling as they go.

Still think we might get a sneaky few more step outs as the infill drilling continues.

1st of March in a hour or so - tick tock

Appreciate the link hydrogen but according to that report they reduced their holding by 5.7M shares to the end of June.

I've just looked on their website here - https://www.metaltigerplc.com/index.php/direct-equities

So they now hold 14.7M shares and 8.1M warrants in GGP - not really a massive vote of confidence. I'll bet they were kicking themselves as they saw it shoot up from 1.8p in January this year to 5.6p a couple of weeks ago.

It will be interesting to see how all these "big" players position themselves over the next couple of weeks ready for the next set of assays.

Cheers - Paddy

Hi schlemiel, did you see this research document from 1996 that I linked to last week.

https://mega.nz/#!BxoH1ZBR!wjPwuYPZ9_goFvutz5lOi5XW8qxpXCXTWh9dj4eEqCo

It's co-authored by the same guy (Prof. DI Groves) who did the Sprott research note from last January.
Have a good read through it - it's very enlightening.

Cheers - Paddy

Ah so you mean they are involved via Metal Tiger - I thought they might have been getting into GGP directly. That would make interesting reading.

Thanks Paddy

Hi hydrogen,
I know Sprott are definitively involved with Metal Tiger but I haven't seen them or Rick Rule mentioned anywhere in relation to GGP.

It's possible they are invested but have kept below the 3% level.

Do you know that for a fact or just surmising?

ATB Paddy