Member Info for PaddyGall

Hi DGR - they will surely all be converted before the end of next August. The warrants are only 2.5p each - who in their right mind wouldn't convert them??
I love the way they are being gradually converted - a nice steady £250 - £300K per month - should help with the overheads.

ATB - Paddy

It was a final salary pension from a bank where she worked before the little Paddies came along. I think it was only about 15K and we added it to the pension contributions our two man band company had made into her SIPP over the past 5 years.

Between us we should have a comfortable retirement which to be honest is a weight of as I have been self-employed every since I came over here in 1996 and for a long time simply couldn't afford to plan for retirement. When I eventually had a few quid to put in both our SIPP's, I thought it would simply supplement the OAP - now it will be the other way around.

Update on GGP from Zak Mir this morning - target of 22p

https://www.share-talk.com/share-talk-bulletin-board-heroes-tuesday-1st-september-2020/#gs.ez29de

quack quack

Stu,
We will definitely be using DDH1 again IMO. They use multipurpose rigs that can do both RC & DD but the lack of black sumps around Kraken would suggest that at the moment they are using RC. The DDH1 rigs can so between 450 - 600m of RC and up to 3,000m of diamond core accorcing to their website.

https://ddh1drilling.com.au/our-equipment/

The mineralisation at Kraken should start somewhere around the 150 - 200m mark so it makes total sense to use the quicker & cheaper RC to at least initially start - they could always use those pads to go deeper with diamond at a later date and maybe at somebody else's expense.

ATB - Paddy

@AM90 - agreed 100% mate, if I were GH then I would do exactly as you said. He is in the sweetspot now as regards newsflow and doesn't have to force anything. I'm really hoping the interim results come next Wednesday as I expect and we should see the tension ratchet up nicely over the next 7 trading days, 2 days later there is the possibility of the GDXJ announcement and if we are in then we have the build up to the 18th when the purchasing of the shares will take place.

The week after that would be the ideal time to see some Scallywag news and hopefully that may be enough time to see a proper set of assayed results rather than just a visual RNS.

ATB - Paddy

Perhaps but I don't think this is the case.

IMO this is the usual build up to NCM results albeit this time we have the added incentive of the possibility of inclusion in the GDXJ ETF with the rebalancing announcement next Friday the 11th.

We also have gold heading back above $2K and then the possibilty of a 'visual mineralisation' RNS from Scallywag dropping any time.

All in all it's the perfect storm brewing - Paddy

@Bamps21
Here you go mate - this shows all the reported drilling (yellow & blue pins) and the unreported positions where I've logged the positions from the Sentinel images. The historic magnetic image shows the positions & drill traces of the historic drill holes also.

https://ibb.co/rmVPMCx

ATB - Paddy

Hi all - September is shaping up to be a very exciting month IMO.

I'm looking forward to seeing the next set of interim results from Havieron - I've done a time-lapse video of the progression at Havieron since the 1st January. The first pad appeared in the very NW around the end of March so we should definitely be seeing some results from up that area this time. Also when you see how much activity there has been up there since that first pad appeared then I wouldn't be expecting anything other than stellar results.

https://twitter.com/paddygall1/status/1300676237887766531?s=20

Also interesting to notice around the end of March / April time how much activity took place in a concentrated few weeks to the South of the sand dune in the extreme SW. I guess we'll find out one day what they were up to down there also.

GLA - Paddy

I don't think it will take that long this time if there is a decent hit at Scallywag IMO.

ATB Paddy

@UR - agreed and I would imagine that they are being kept fully informed / briefed as it develops.

@Spratt - it looks like RC drilling to me as we haven't seen the classic 'black sump' that we have come to associate with the holes as Havieron. The satellite images were a bit sketchy on planet.com around the time the work would have started. KRA003 definitely hadn't started on the 18th August and had on the 23rd, It looks to me to have finished on the 28th as the rig was in position at KRA004 on the 29th, so worse case scenario would be 10 days and best case 5 days.

I think RC is capable of 100m per day depending on the conditions and is good for up to about 600m so that would be about right IMO - means they will be getting a lot of holes banged into the targets over the next couple of months.

ATB - Paddy

Well - it looks as if they have completed at least one hole at Kraken as they've moved to a new position within 'Kraken'.

https://twitter.com/paddygall1/status/1300327860276690944?s=20

This new position is confirmed by the nocturnal image from the Sentinel satellite on the 29th. Super exciting times - how long before we see the assays now???

ATB - Paddy

Not quite a broker note but a look at the junior mining sector on AIM by 'Clear Capital Markets'.

https://ukinvestormagazine.co.uk/wp-content/uploads/2020/08/Junior-Gold-Miners.pdf

They have a current target price of 26p on GGP.

GLA Paddy

Ok guys n' gals,
Here are some links to some Google Earth images I've just updated.

They show the new drilling locations in the Scallywag area and the historical NCM ones in relation to the 4 different survey images of Scallywag that I can find on the GGP website.

Notice how the new location in the very NW is nowhere near any of the 4 targets that were originally highlighted by GGP.

https://ibb.co/JyxT1XK
https://ibb.co/yNvnx7s
https://ibb.co/hFw6z4m
https://ibb.co/XDmntf5

Enjoy - Paddy

@Spratt - Yes mate it's still well inside the tenement boundary.

https://twitter.com/paddygall1/status/1299293990395801600?s=20

It's about 15kms from Havieron and almost follows a straight line from Havieron, through London/Kraken and up to the new location.

Some interesting developments up at Scallywag that you guys might want to check out.

https://twitter.com/paddygall1/status/1299274167238393858?s=20

ATB - Paddy

@napthman1 - we can't know that for certain, I don't want people to be disappointed on Wednesday/Thursday if nothing arrives. My money is still on the following week which is exactly halfway between the interims.
If you check back they have been pretty consistent in following this schedule - even to the point where results have been released on a Tuesday where there was a 13 week gap between quarterlies.

Either way it's getting down to the business end of things now again.

Good morning hydro - seems like you are advising people to 'sit on their hands'. As the late Terry Wogan would say - you're leaning against an open door there my friend.

Sentinel update later today - ATB Paddy

Basically what Jerry said below.

Gold is flying as Powell is giving his speech - Spot is up to $1970 now......