Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
After the initial gremlins i thought you were all superb.
Thanks for all the time and effort you all put in it was very much appreciated.
All in all a great night for all greatlanders.
BTB
@Bellers
Wishing your wife a speedy recovery hope everything goes well.
peace and happiness to all your family.
BTB
Three words.
Pre Feasibility study.
Regardless of drill results on Wed night this study is really important and will give us some really good information about where we are heading with Havieron.
BTB
I want to take you back to the 22nd May 2019 with this RNS announcement.
‘Newcrest Commences Drilling at Havieron’
‘Further to the announcement of 30 April 2019, Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, is pleased to announce that Newcrest Operations Limited ("Newcrest") has commenced drilling at Greatland's Havieron gold-copper project in the Paterson region of Western Australia.
The initial drill programme comprises approximately 10,000 metres of drilling with the aim to define the extent of the mineralisation along strike and at depth, testing the system to a depth of 1,000 metres below surface. All drilling is being carried out at Newcrest's expense and Greatland expects to continue to receive regular updates as the programme progresses.’
Newcrest started out with 10,000 meters of drilling.
Let that sink in.
On Wed evening we will receive a drilling update after Newcrest have completed 200,000 meters of drilling and we are STILL OPEN AT DEPTH AND IN MULTIPLE DIRECTIONS WITH FURTHER TARGETS WITHIN THE HAVIERON JV YET TO BE DRILLED AND WE STILL DO NOT KNOW HOW BIG THIS MONSTER IS!
All i have been doing over the last few months is accumulating as many shares as i possibly can.
Havieron is one of the biggest gold discoveries in the history of gold mining.
The share price will reflect that in time.
The decline is being worked on right now and when you go to bed tonight it will still be being worked on and all the time you are asleep it will still be being worked on.
Ignore the GGP haters and study the facts.
A once in a lifetime opportunity.
GLA
BTB
Don’t put yourself down you do a fantastic job and i for one am extremely grateful for the time and effort you put into your livestream.
See you wed!
GLA
BTB
After Dodgemeister’s excellent post yesterday about the trip down memory which brought back memories of my first purchase of GGP shares under a penny i started to think about the future and when i will actually start selling any of my GGP shares and here is what i have come up with.
After spending a fortune in the last few months increasing my holding in GGP in 2021 i will not be selling any.
Given the fact that i expect the top of the ore body to be reached and further growth results to be released then 2022 is out of the question as well.
What about 2023?
Well 2023 should see commercial production so no chance of me selling while we are generating good revenues with a possibility of dividend payments thrown into the mix.
Between 2023-2028 no way will i sell when we are pulling 500-700k oz out of the ground.
2028-2030 will see a block cave operation in place which will generate vast sums of money so absolutely no chance of selling any then!
After 2030 huge sums of money will still be rolling so in short.
i do not have a clue!
BTB
@Dodgemeister
I made my first of many purchases on the 8th jun 2018 paying £1000 and receiving over 105,000/shares in what has turned out to be the single best financial decision that i have ever made in my life so yeah thanks for taking me back down memory lane!
Oh and our market cap was £16m at the time!
BTB
Thanks for the reply Bamps so my assessment of next Aug for the completion of the decline could be bang on and maybe like you say full production is what Newcrest are talking about when they give the 2-3 yrs estimate.
The one thing i’m really happy about is when you come up with your figures they coincide with what i am coming up with.
I know it is disheartening for everybody when the share price keeps dropping day after day but my advice is to look through this construction phase because the day will come when production begins and there will be some serious cash coming our way.
I just keep adding while we are so low but i now have just what i want so it’s sit back and relax for me no matter how long it takes.
GLA
BTB
@Bamps
I came up with the same figures earlier today around £20m per month Bamps but there is one thing that i can’t get my head around.
I worked out that the decline would reach the top of the ore body 12 months from now but in a recent speech Shaun stated 18-21 months and Newcrest stated 2-3 years until production.
I can’t make out why the decline would take so much longer than i have worked out?
I would appreciate your thoughts on the matter.
BTB
‘ We are striving to bring Havieron and the Red Chris block cave into production as soon as possible.
BTB
The answer to your question is so obvious i’m surprised you even needed to ask it.
The share price will soar beyond previous highs when the gold and copper starts coming out of the ground and for anybody that has the patience then between 2028 and 2030 the revenues from a block cave operation will be massive unless Newcrest decide to make a very generous offer and buy us out before then.
BTB
@TMT
Good luck and best wishes TMT
Peace and happiness to you and all your family.
BTB
@Paddy
On the Newcrest website it now states:
‘Newcrest is expected to release the results of its Pre-Feasibility Study for the Project by late calendar year 2021.’
I see this as positive after Sandeep has constantly stated around Sept for the PFS.
Maybe finding lots more mineralisation is forcing a delay?
BTB
@Zoros
Fabulous post m8 i could not have put it better myself!
BTB
For anybody that has not yet seen it here is the presentation by Shaun Day at the diggers and dealers.
https://youtu.be/PMT0wizPFmY
BTB
People are not selling it’s the system that is in place that shows false information.
Read my last post.
BTB
I think with all today’s technology they can determine what a buy or a sell is or is the system a deliberate attempt to mislead and therefore will always show false information?
BTB
BTB
I said i wasn’t buying anymore.
Oh well, another 64,000 added!
BTB
@TomE
Thanks TomE hope you and the family are well and yeah i posted it to drown out the constant drivel that we have to put up with.
Shaun Day seems to be suggesting that the next update will be a big one.
ATVB
BTB