Member Info for PaddyGall

Just after some opinions.

I see the gold price has jumped by over $10 today to about $1,254 / oz. If gold is going to continue the bull run that some are predicting next year up to the $1,400 - $1,500 mark then wouldn't in be in the interests of the Majors to do a deal sooner rather than later or is there no correlation between the market price of gold and the price they pay for gold in the ground.

Nice finish to the day also - here's to another good week coming up.

GLA - Paddy

This time last week we had a sea of red and a static share price
this week we have a sea of blue and a static share price

Gotta laugh really - Bring on the 3p

Have a great weekend guys - GLA Paddy

Either way I think we are onto a winner here. I guess we just have to trust the BOD to do everything in their power to get the best deal for us shareholders.

I haven't seen any reason so far to not trust them.

GLA - Paddy

Most of my investment here is tied up in my SIPP so I'm not really interested in the SP today or tomorrow.

I guess a buyout would be nice to see a gratifying increase which would justify our faith in GGP & GH over the last 12months when everything looked to be going down the pan but long term I guess it would be good to mine it.

My only worry would be how we would go about getting the finance and expertise to get such an infrastructure project off the ground in what is (let's face it) a fairly remote corner of the world.

I must say it's also a pleasure to read this board now and not have all those red banners across it saying you must adjust your filters to read this message - it seems most of the gloom mongers and naysayers have had their day.

GLA - Paddy

Hi BTB,

"Potentially more to follow" - I think people are forgetting this. We are rightly focussed on Havieron at the moment but with good results to date on Black Hills and Scallywag then this area could be immense for us.

And then we haven't even started on the Patterson East Range which by my count has 17 red splodges on the map which all look similar to Havieron. I don't for one second expect them all to be of the same quality as Havieron and I know it's only POTENTIAL but the fact remains that up to now the GGP exploration model has been proved to find deposits at depth and chances are that there is still more to come.

GLA - Paddy

Is it going to be another sideways day?

I think that most of us PI's are loaded up and happy to wait it out now. I wish I had some more spare cash available as it seems a steal below 2p now but with Christmas etc coming up I'm not able to put any more funds in here.

GLA - Paddy

Late night ramblings

HAD006 is drilled 50m to the south of HAD001 and the mineralisation starts at roughly the same depth and continues to end of hole at 838metres.

HAD001 highlights as per RNS dated 25th June –
Selected HAD001 results: 121m at 2.93g/t gold and 0.23% copper from 497m,
including 11.5m at 21.23g/t gold and 0.67% copper from 568.5m

We know the mineralisation in HAD006 starts at 475m so one would assume that we would get similar results down to HAD001 depth which was 622metres.

Now HAD005 was drilled to intersect HAD001 at depth but crossed HAD001 about 50meters to the south – therefore HAD006 should literally intersect HAD005 at a lower depth.

According to my drawing this is roughly at 690metres down HAD005. If we check the results from HAD005 at those depths then we have the following

A lower zone of 157m at 6.04g/t gold and 0.44% copper from 660m to 817m, including:
113m at 8.30g/t gold and 0.61% copper from 663m;
5.5m at 16.62g/t gold and 0.91% copper from 663m; and
38m at 20.17g/t gold and 0.82% copper from 700m.

It's inconceivable that HAD006 will not only be as good as HAD001 - it should blow it out of the water....

The only unknown for me is the intensity of rest of the mineralisation from this point to the end of hole but they have also said that in holes 007 & 009 that the intensity of the mineralisation increases with depth which again is supported by the geophysical model they reported last week.

Hopefully this makes sense – can anyone pick any holes in my logic?

GLA - Paddy

Anyway guys just because all 4 cores are at the lab together it doesn't necessarily follow that we will get all 4 assay results together.

We know that HAD006 had started on October 1st from the RNS for the visual mineralisation of 005. If you allowed 2 weeks for HAD006 which was a vertical hole then by next Monday that is 8 weeks since the hole was finished.

Even if they waited another 2 weeks for HAD007 so they could ship both together to save costs then that gives us 6 weeks in the lab next Monday.

We could get the results from HAD006 dropping any day - you know how GH likes to be a bit left field at times.

GLA - Paddy

It's gonna be fun watching this board light up when it all kicks off.

I might have to pull a sickie at work that day - Let's have it for Christmas please.

GLA - Paddy

NIce tweet from Ken Watson who seems to be an Australian with plenty on mining experience.

https://twitter.com/ken_kfwatson/status/1070659116266209280

"I have a few AZY too -and AYR. In my view and I am not alone RIO have a duty under ASX disclosure rules to report to shareholders. Why are GGP 1.8 p and not 20p despite all the shares on issue ?"

GLA - Paddy

Hi Stephen,

Still think back to your comment a few months ago that "you can't unfind a gold mine" how right you were.

How long do you think it will be before we see the "true" value reflected in the SP.

GLA - Paddy

Hi RTC,

On the road today so limited access to PC.
You can download the PDF from the onedrive link and use it as you please on your own PC.

GLA - Paddy

Bloody hell guys

If I had known the grief it would have caused I wouldn't have bothered. For what it's worth I agree with Prospector and MS and I thought that the scaled drawing showed pretty clearly that the mineralisation being hit in the new holes was in a distinctly new location from the original 001 & 005 - Same depths but quite a distance away.

I have started last night to try and plot the drills in 3D in AutoCAD and if I get a chance later I will post a link to some screenshots which show the distances between the drill holes in isometric view so you can get a better perspective on the holes.

Hold for gold - GLA - Paddy

Are you still sticking by your £1 prediction Mickey or was that a little tongue in cheek?

Paddy

Monthly payment cleared into both mine and the wife's SIPP today so another 27,000 GGP shares between us.

Long term hold in the SIPP - waiting for the BIG RNS to drop.

GLA - Paddy

Do we think there is more order filling going on??

Seems like we could see this go on for a while yet - I still don't get how it works.

I get the MM's could have a big order to fill at a certain price but how do they manage to keep the price where they need it to be to fill it.

Confused - Paddy

Thanks for the info Dim,

Looks like we'll have to sit it out and wait for that Vox alert to pop up on the phone then.

I feel more comfortable with my holding here now that I have at any point over the last 14 months and looking forward to a bumper 2019.

GLA - Paddy

Hi Condorlini,

Was there any mention of getting results as they became available individually or together as a block?

I thought that I would like to know HAD006 asap but after yesterday I think it my be better to hold off and release one HUGE blockbuster RNS with the world class results from all 4 drills in one go.

What do others think - steady drip or one big one??

GLA - Paddy

Are you sure it wasn't a Kang"a"roo

Laughing - you mean they weren't serious...…..