For any newbie’s wishing to invest10 Aug 2022 20:35
Hi there I will tell you straight I do not have a lot of knowledge in the mining industry, but there are some on this board who have good knowledge and pass on valuable information.
At the moment you might be confused by all the discussion’s about who why and what has stagnated this share, but we are at a loss and can not pin down the exact reason why .
We have many theories, but no 100% facts!
Now this is the facts we know about Ggp!
1. They have hit a bullseye, possibly with a tier1 gold mine.
2. Shaun Day of Ggp has confirmed a MRE of 6.5moz
3. Newcrest have yet to confirm this but have the opportunity to buy a extra 5% for $60m to bring them to 75%.
4 . Newcrest have invested in Telfer processing plant for mining on HAV for early 2024.
5. Ggp and Newcrest have still on going jv’s
6. Shaun Day has also stated this is a probable 20moz mine.
Now hear say
1 . We believe there are shorters with about 80+m shares outstanding.
2. HAV has been guestamated at 50m by more than one article in mining.
3 Callum Baxter believes there is something big in Earnest Giles license, as well as scally.
4. Belief is this is being held back for either a takeover of HAV or Ggp itself!
If anyone else has anything to add crack on!
But as we all say do your own research please.
All the best Ben