RE: Tree Shake6 Dec 2021 11:29
It's amazing how people's perceptions and expectations can be so easily changed and manipulated when they see their profits slowly dripping away or even their losses slowly increasing.
This time last year we were looking forward to an initial inferred MRE and the original mining proposal, we were drilling at Scallywag, we had about £5-6million in the bank and the SP was going from strength to strength.
This year we have our initial MRE and PFS in the bank, we are looking forward to inferred MRE 2 and the stage 2 mining proposal, we know NCM are drilling at other targets within the 12 blocks of Havieron, we know the inferred MRE 2 will still not include much of the NW Pod, the Eastern Breccia, the Northern Breccia or the SE Crescent Deeps, we have drilled Scallywag and are waiting results, we are waiting more Juri JV results, we have circa £14/15million in the bank, we have assembled a crack team of mining engineers and geologists, we have captured more 100% prospective ground in the Paterson and yet our SP is bleeding heavily.
Nothing that the company have done has caused this to happen - we are on the journey to production, many people aren't prepared to sit and wait, they are impatient and want to take their gains and invest elsewhere will we travel along this road. Good luck to them - I'm not worried about a take-over or a buy-out, the most recent BT printout shows that if anything the PI base at GGP is growing as people continue to invest at these levels even if the II's are not prepared to yet.
That will change at some point and I intend to be fully invested when things turn around.
GLA - regardless of your decisions - Paddy
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