Member Info for aprogerson

Price just sat below Headline support at 23.2p. So it will either explode higher or drop to complete pattern at 21.1p. Worst case massive support and 50% retracement at around 18.7p to 19p. Just saying!

Trading ... nice way to increase your holding if you get it right or a fantastic way to be out if you get it wrong!

Not for the feint hearted!

Yesterday GGP formed a Head and Shoulders pattern topping pattern on the 1-hour charts with implied 'headline' at 23.2p which it just broke below this morning. If you believe in Technical Analysis then we should be seeing 21.1p soon for the pattern to complete. .... but heck its a chart so who knows?

Awesome clip from H trader64

What is everyone's betting for when NCM will issue their PFS and qualify for their full 70%. The speed at which NCM are going at the moment I can see them pushing for it sooner than we might think. This will open up the possibility of them buying another 5% at Fair Market value.

What's 5% of a high-grade Tier 1 gold mine with 15-25Moz of gold and Cu worth anyone? Well whatever it is I'm sure it will allow GGP to accelerate its exploration on all its tenements and start actively looking for more opportunities.

What about selling the rest of Havieron and agreeing a Net Smelter Royalty on the back of it? Must be worth a bit too

I am indeed, but I'd rather have a bit of consolidation so we have a solid foundation for the next leg up is all.

We all know that nothing goes up in a straight line even though GGP has been fast, solid and following a defined channel ... just calling it as I see it particularly as we are now sat at £911m MCap.

Well the last run up from 12p to 23.3p yesterday started almost exactly a month ago ... so lets be honest it was due a pullback of some sort the question is by how much and for how long?
The last major correction starting on 23-Jul was from 15.6p down to 12p on 18-Aug & was a 50% retracement from the prior run up from 8.4p on 29-May. So if we get a similar 50% retracement then that implies a drop to 18.7p before we are off again.
I just don't see a drop that large happening now with the heavy buying pressure, but I expect us to move sideways for a bit giving a chance for those that want to leave to do so before the next leg up on substantive news.

@LaurenLouise To be sure we know NCMs plan and that is to drill the **** out of Havieron and get to a PFS ASAP so they can up their JV share of 40% to the full 70% as they so usefully point out in their last company presentation, but of course you'll know that already.

I'll take a wild guess that GGPs plan is to let NCM get on with Havieron and enjoy the ride while GGP drill the **** out of our other licences and see if we can't find another whopper.

Looks like a lot of day trading going on today whilst the SP takes a breather ... poor thing must be exhausted!

Yes @Chisler really interesting listen and then read through the presentation and associated charts for all of the project tenements and everything becomes very clear very quickly.
(1) Focus on Gold / Silver project and Jorc compliant Cu project awaiting a commercial partner
(2) Identify near term Ag / Au continuation targets in and around historic veins using modern tech and drill them
(3) Can we get some near term Ag / Au revenue from old spoil heaps and such as old tailings as good as or better grade than some modern mines with the bonus that someone has already dug it out for you

Quitefrankly the mine development curve is correct the big difference is the speculation and development curves have been crunched together because of the JV and NCM stated intention (see their website) to bring Havieron into operation within 2-3 years. Remember that Telfer ore is only good for the next 3-4 years max and has a very high AISC which NCM will want to reduce by feeding it with higher grade ore they need to get from somewhere close .... Hrrrmmm let me think

Confused? Well no RNS so no warrants exercised then!
Still 0.19p is a nice entry point

Warrants create new shares so are not bought on the open market as such. Once exercised then yes the holder may which to sell them presumably as they will be In the Money and they may want the cash.

We will find out in the morning if there are any warrants involved but as I said earlier no warrants have been exercised since Nov-2018 and if they are we get an RNS 'Exercise of Warrants'

Thanks Chisler

Just going through the GWMO website and the host of detailed information on its many Gold/ Silver projects including the recent Olympic project (May RNS refers). GWMO has already paid US$15k for the option to acquire the Olympic project with the US$135k balance due over the next 4 years.

Interesting the 41k ton historic tailings grading 1.6g/ton assuming $1900 gold is worth £300-340k alone depending on recovery rates which if nothing else will pay for the option and considerable loose change with only modest outlay as someone has very helpfully already mined and crushed it for us!

100% agreed as no reason to drop the price so steeply towards the close unless it was the MMs fishing for peoples stop losses to fill their LARGE buy orders. The last £165k buy is a monster for such a small explorer and is defo a buy as it is so far above the market price so near to close.

We now await BOD reporting promised drill +test +sampling results before we can judge progress across their portfolio of projects.

Cash & cashflow is king for a Junior Explorer with bills to pay and BOD / shareholder aspirations to meet. GWMO has no revenue so raises cash via share Placing with its broker Novum and usually issues warrants with a variety of strike prices promising in-effect additional future cash to the BOD if the remains above the warrant strike price and the warrant owner decides to exercise the warrants! The placing and warrants strike price paints a good picture of Broker Novum sentiment vs. GWMO BOD credibility so raising cash between a 20/25% discount to current SP is to be expected for a Junior with few tangible assets other than the prospective licences with no JORC compliant resources.

Placings of new BOD under new strategy since 13-Nov-2019 raised £1,372.5k as reported via RNS. A SP figures use prior day close figure rather than SP after RNS announcement on the day.
16-Jul-20 Raised £450k at 0.1p vs. current SP 0.13 (23% discount) Olympic Gold surveys & 2x other project costs
27-May-20 Raised £217.5k at 0.1p vs. current SP 0.125 (20% discount) for 2020 work programme & Olympic Gold
27-May-20 Raised £15k at 0.1075p vs. current SP 0.125 (14% discount) for fees et al
20-Feb-20 Raised £320k at 0.11p vs. current SP 0.155 (29% discount) for buy Nevada tenement & 3x other project costs
29-Jan-20 Raised £14k at 0.1p vs. current SP 0.1075 (2% premium) for creditor payment
13-Nov-19 Raised £300k at 0.08p vs. current SP 0.17 (53% discount) for Nevada and expenses
13-Nov-19 Raised £56k at 0.08p vs. current SP 0.17 (53% discount) for fees et al
Last prior £1m placing of 3-Jul-2018 has been excluded for purposes of above calculation as prior BOD & associated Strategy.
Outstanding warrants total £1,110.7k nominal cash to BOD if exercised as no RNS reporting ‘Exercise of Warrants’ is listed after 3-Jul-2018 warrants were issued. As of 15-Sept-20 £1,077k of warrants are now ‘In the Money’ and could presumably be exercised as long as the SP remains above 0.2p.
All IMHO and please DYOR

Apologies WIP and posted LOL