Member Info for PaddyGall

Mumbo - I think you have taken my comment completely out of context.

Just because I, as a LTH would back the truck up at 50% lower from here doesn't mean that I think it is overvalued here. If I did I would sell the lot and I can assure you that I still own every single share that I bought in 2017/2018 all between 0.6p & 2.0p.

ATB - Paddy

Well - I know personally of quite a few LTH's who would really back the truck up if the SP were to take another 45 - 50% haircut from here. Who knows what will happen in the short term but anyone who is INVESTED for the long term prospects would snap them up IMO.

ATB - Paddy

Some really bullish bullet-points in that presentation that Artemis released last night - they're pretty convinced that they are in the right dioritic geology that is very similar to what they have seen in the Havieron cores and as we all know Zipa & Havieron North is bang in between Havieron and Apollo/Atlas.

Great to see that they are going to concurrently pursue heritage clearances for their Enterprise targets in the SE - these targets are close to our Meco target and might persuade NCM to begin their explorations down that way sooner rather than later.

So here we are then - only 9 trading days left until we get the next set of Havieron results, will they contain any deep Eastern breccia assays? could they possibly contain anything from Zipa or Havieron North? how much deeper will they go in the SE crescent? will the grades continue to get better with depth in the SE crescent?

GLA - Paddy

Hi Matty - really sorry to hear that sad news about your Dad. My heartfelt condolences mate.

I really admire what you did in leaving work to become his full-time carer, what a tough job that is. Hopefully this coming 12 months will put us back on track with GGP and as a long term prospect there can't be too many better options out there.

ATB - Paddy

Here's the datasheet for that rig if anyone is interested. Interestingly it says the max depth capacity is 3259m so they can go a bit deeper if required :-)

https://irp.cdn-website.com/54b6d875/files/uploaded/SANDVIK%20DE880%20MULTI-PURPOSE%20SURFACE%20DRILL.pdf

Mitchell's are looking for "Deep Hole Diamond Drillers" for immediate starts at Havieron.

https://www.mitchellservices.com.au/careers/

"Based in Telfer for a full-time contract with 10% super paid on all hours worked. Manage your crew whilst drilling to 2500m on our Sandvik DE880 rig."

Well Shaun did say that the ore-body seemed to be plunging to the centre of the earth so 2500m seems like a decent start.

GLA - Paddy

https://twitter.com/GGPHelp/status/1481253983016661001?t=Q2vSZ-DEjlR_0vyAxvR45w&s=19

Tweet from Bottlerocket showing that the GGP shares on loan have increased by over 50% - I'm not one for conspiracy theories but the graph on there nicely illustrates the inverse relationship between our SP and the increase in the shares on loan.

Who'd have thunk that?????

Agreed @Dip666, the people that Shaun is surrounding himself with seem to be of the highest calibre and he's on record as saying that he has absolutely no difficulty in attracting these sort of people when they see the "launch" asset that is Havieron.

OK - the market seems to be behind the curve here, but the people in the industry are more than happy to commit at this early stage knowing this is a possibility to get in an this point in the journey to becoming Australia's next mid-tier miner or as Shaun described us - a multi-asset, multi-billion pound company.

So you either take the opportunity to get in while the market is behind the curve, you take your profits at this level, you sell up at a loss or you trade in and out at your own risk.

In the medium to long term this is going much higher - when that will be? I have no idea but I won't be missing it - will you??

GLA - Paddy

Just decided to have a quick look through the GGP Website and found that Shaun has been strengthening his (& our) team even more.

In addition to our two new recruits who showcased on Twitter last week Monique Connolly & Damien Stephens we also now have our own General Counsel lawyer - Matt Kwan

"Matthew Kwan
General Counsel
Matt is a lawyer with over 20 years of experience in private practice and as a general counsel. He joined Greatland Gold in December 2021 as General Counsel with accountability for its legal affairs. Prior to that, he was General Manager - Legal and a member of the executive team at Aquila Resources, part of the project development division of BaoWu. Whilst in private practice, Matt was a senior lawyer at Blake Dawson in Perth and Linklaters in London, where he specialised in M&A, joint ventures and equity capital markets. Matt holds an MA (Oxon) in Jurisprudence from the University of Oxford and is admitted to practise in Australia and England."

https://greatlandgold.com/about-us/board/

Seems like Shaun is very intent on building the team at Greatland for the future, doesn't suggest that he is in the market to sell either the company or our "golden goose" IMO - lots of ability in the company to chase & close deals, how did Northern Star build their company up again???

GLA - Paddy.

PS - another day closer to quarterly results, MRE 2 & results of the 5% negotiations.

The economics of the starter mine as regards Capex & post tax FCF looks pretty compelling to me.

MRE 2 is only going to make these look more and more attractive.

Happy days

Greatland have applied for a new licence - directly to the north of our Black Hills tenement this morning.

https://twitter.com/paddygall1/status/1478759836150026242?s=20

Thanks to Liam for alerting me to this.

There are 4 other companies that have also applied for this tiny plot of land including FMG & RIO - 2 of Australia's heavyweights, must be a pretty good postcode.

We have the lowest number allocated to our application so hopefully that means we are in the box-seats when it comes to the allocation of the license.

ATB - Paddy

Just quickly looking in to wish everybody a very Happy & Prosperous New Year.

It's certainly been a trying year all round on the SP front but as regards progress on the ground and with the company then I don't think it could have gone much better (perhaps a bit more progress on the decline would have been nice but getting to the ore-body safely is the ultimate priority).

As regards 2022 - well there is so much to look forward to, a lot of updates in the first couple of months and then there should be plenty of updates as Shaun and the team decide how best to deploy our capital across our enviable targets in the Paterson and further afield.

Again - Happy New Year to one and all - see you all in 2022 - Paddy

Good morning everyone, I had an interesting email from an Aussie geo contact overnight. We've been exchanging emails since the newgengold conference and I was asking him about the 5%. He thinks NCM will play fair and thinks the industry would call them out if they were seen to bully us.

He says having someone respected like Paul Hallam on the board is a big plus too. He sent me a link to this website.

https://www.valmin.org/

There is a code that the independent assessor needs to abide too and therefore GGP and NCM will also have to. IMO this pretty much nails on an agreed figure.

I won't get a chance to read through this for a few days as I'm heading off to a family wedding today. Can I take this opportunity to wish everybody - even the pessimistic folk on here - a very peaceful Christmas and a very prosperous New Year.

2022 is going to be a good one - I have a feeling in my bones, Paddy

Fair enough mate, I think you have a lot of sleepless nights ahead if you are seriously worried about that as a possible outcome.

ATB Paddy

So you are concerned that Shaun & the bod would sell the 25% of the asset that he has described as a better launch asset that the one NorthernStar had for a lowball price from under the nose of shareholders - really.....

Hi Panama

He said it in the Q&A section at the end of the AGM presentation - not word for word - but definitely along those lines.

Strong looking alteration in the drill-cores from the first Apollo holes - only a couple of hundred metres from the Zipa / Havieron North targets.

Havierons, floating around Havieron!!!!!!

https://www.asx.com.au/asxpdf/20211220/pdf/454bq5xc1gxtgf.pdf

ATB - Paddy

Fantastic couple of posts Dip, sums up the situation perfectly - no brainer IMO but please everyone DYOR.

ATB Paddy

I refer you to the question that Shaun was asked at the AGM that was posted by Punchimup last night - thanks to Dip for the notes from the Q&A.

(Q) - Can GGP be taken over without Private Investor approval?

(A) - The answer is No. Fundamentally, if a takeover bid was received and the BOD thought it warranted being put to shareholders it would ultimately be in the hands of the shareholders. It would obviously have to be a compelling bid, this is a unique ore body with a low-risk pathway to free cash flow.
Ultimately, it's the shareholders that determine bid outcomes but my gosh I think we’d want to extract a premium for an asset of this quality.

So regardless of what offer is made for the company it is you & I - the shareholders - who ultimately decide whether that bid is acceptable or not...

PS - Artemis had a nice bump of 12% last night - Hhhhmmmmmm!!