Member Info for chester18

Hi Tig

Those extra points do add more weight to what I thought was a hefty summary.
With the potential for news this week any subsequent clones of the weekly update will be even more appetising ...

Lets see how the week turns out and then appraise the piece for future consumption.

Chester

CountTheChickens

Thanks for straightening that out.
So Wednesday night roughly 11.00pm ish

Chester.

Hi Tiggerman

Of course you can, please check all the spellings First though..... : )

Chester.

Hi Ipad

Yes have been in Scancell for about 8 years and looks like my patience is about to pay off, well I do hope so because the science is compelling.

Chester.

Impecunious2

Sorry yes that needs to be cleared up, I've seen post on here saying the 10th so I was presuming it was late that night which as you say is the Thursday.

I need someone who knows to post up what is the correct day and time, is it Wednesday or Thursday night ?

Thank you for pointing it out..

Chester.

Thank you Tig

You are an inspiration...

Next weeks update could be a 'Doozy'......

Chester.

Not 'Scancell' ..... "Scallywag anomaly" ............ Sorry

Chester

Just for anyone who has missed this post in the past few weeks and may be feeling little nervous about what it to come for GGP, "you shouldn't be" ................

GGP is a gold exploration company, who own a prospect called Havieron.
Having hit good gold mineralisation Newcrest Mining agreed a Joint Venture. Newcrest because of their own needs have blitzed through 3 to 4 years development in just over 18 months and are committed to achieving a Maiden Resource Estimate before the end of 2020 and the licences to start a Decline towards the mineralisation in early 2021.
Due to the use of public Satellite images this board is fully aware of each move by the 9 drilling rigs currently employed on site, allowing us to follow the Step Outs as they happen, currently the drills seem fixed so we know this will be 'Infill Drilling' and Testing at Depth as the last report indicated it was still open at depth.
The potential gold in terms of the millions of ounces has grown and grown. The word on the street is that this could be an extraordinary large and very mineable Tier 1 resource ( over 8 million ounces recoverable at a commercially viable costs ).
We are due further updates on outstanding drill cores by this Wednesday 10th September 11.00pm 'ish' and the next full quarterly report from Newcrest by the end of October. The last nine sets of drill core reports have been exceptional and the way Newcrest are continuing to press the ground teams to 24/7 there is no sign that reports 10 or 11 will be any different.

So what is expected over the next 2 to 4 months is just more of the same, plus the MRE will define the project making it irresistible to Institutional Investors which is when the share price will move closer to 20 / 25p.

There is a possibility that GGP will be integrated into the GDXJ, we will know for sure around the 11th Sept. If GGP is added to the GDXJ the investment portfolio will purchase shares to the weighted value of the whole. This would mean the purchase of many millions of GGP shares but this has not been confirmed.

Greatland Gold fully owed prospect called 'Scallywag' is now being prospect drilled with those core results are expected in 4 - 6 weeks, so early by October we will begin to know a little of what the Scancell anomaly consists of.
If the cores show good mineralisation of Copper or Gold we will have a lot to talk about.
We have also seen pictures of the Airborne Electromagnetic ("AEM") survey at Scallywag with the survey extending to cover all of our Paterson licenses.

Havieron has been an unbelievably continuous giver of good news if it continues to deliver with exceptional grades in this week report and the company is accepted into the GDXJ this quarter I suggest pinning your hats on.

I hope this helps anyone who is unsure.

All the best

Chester.

Considering that Scancells advance into the clinic was held up for 2 years by the FDA and if you now look back it doesn't feel all that long ago.
Then consider the next two years and all the possibilities that may unfold.

The truth is that we are still a relatively unknown quantity and still below the radar for the vast majority of private investors in the UK. One of many small Bios, so if you have not come across SCLP and spent some time researching the company's potential its just part of the background noise.

This gives all of us who understand and are confident in the scientific credentials of Scancell a fantastic opportunity to build a decent holding at a very reasonable price. When the day arrives that brings realisation to the herd that there is something very special about Scancell, I would hope that everyone who has followed this journey (with all its twists and turns) has ensured that they have built up the best holding they could afford.

I accept that there are some very real risks with all investments but the original SCIB trial in Melanoma has proved very positively that Scancells technology is safe and that the scientific pathway works.
This has to count when we weigh risk and reward.

As should always be stated we should only risk what we can afford to lose.

My take on Scancell is that the future will be successful knowing just how diligent Prof Lindy Durrant is with her science.

I wish all the best to all Scancell shareholders,

Chester.

This technical stuff is well over my head. I'm just a simple salad man.

Chester.

TMT thank you for that input.

In a good working JV there is no conflict of interest in the MRE being as large or small as required to move the project forwards. My question was digging at two parts,

1) Is it in Newcrests interest to be proving up a much larger that necessary MRE ?

2) There has been speculation on this board that Newcrest will want full control of the subsequent mine and will therefore bid for the whole of Havieron or maybe GGP.
If it was their main intention to try to achieve an early buy out, surely proving up a larger than necessary MRE would make that strategy initially way more expensive.

I think the more you contemplate the dynamic of Telfers shelf life becoming critical, hence 3 to 4 years work condensed into 18 months and the consequence of this pushing the potential size of the MRE you begin to see that Newcrest are controlled by their own needs and unable to dodge giving the full value of this remarkable find to all us Greatland Gold shareholders.

The buy out and fear of missing the big prize was a concern voiced by quite a few contributor's to this board.

Chester.

Thank you for those responses.

I now understand more that the actual figure given in the MRE will not be at the whim of Newcrest but a fully assessed resource by an independent geologist.
That's the bit I did not know.

So Newcrest find themselves between a rock and a hard place, they need to prove up the mineablity (new word apparently) of Havieron and are 'full metal to the floor' committed to 24/7 drilling infills but at the same time they are causing the MRE to be escalated to it's maximum value. That means there is no hiding the potential value behind a reduced resource. This current scenario of GGP's joint venture is loaded one way, like card game with a stacked deck, due to the fact that Telfer would probably close in 2 or 3 years without the Havieron gold. It boils down to one crystal clear fact, investors with a holding in Greatland Gold are going to do very very well.

There may never have been or may never be again an opportunity in a gold play with the solidity of right here right now in GGP.

Very glad to be aboard

Chester.

A simple question about the MRE.

I presume the reason for having or achieving a 'JORC' MRE is to state officially a solid fact about the minimum amount of resource you have found. This then translates into an asset there by releasing funds to continue expanding the resource and begin spending money towards achieving the actual mine.

So what is the very minimum resource that Newcrest could announce and will it be in their favour to make it small ( say 6 million ounces ) or go for the largest resource possible within their own self imposed time restraint ?

I know its a complex question as I am trying to get a feel for what we on this board would like it to be as apposed to what NCM need it to be.

Thank you for any responses

Chester.

I'm claiming a couple of the 8.72p buys.

Apart from time, there is no other pressure on the share as everything else looks pretty well set up. I figured that news may arrive at any time as there are quite a few areas that Scancell could be ready to announce.

I know some of us have been accused of being overly positive but maybe right now we have very reason to be positive.

As you say C7 next week should be very interesting as every week will be going forward, especially the week we hear exactly what kind of agreement we have reached on our first Mabs deal and just importantly with Whom...

ATB

Chester.

Hi C7

I missed a bit " but there was 'no' comment that we won't hear some news once the year is up "

He did say that something is happening one to months out.

Hope that clears up any misunderstanding...... Just bad typing ....... : )

Chester.

Also let's not forget that tomorrow is 12 months since the first Mabs collaboration.
The agreement was for exactly 1 year, now I know CH said another 1 to 2 months but there was comment that we won't hear some news once the year is up.

Chester

Interim Report - End January 2021

A poster on the Val board said earlier today, they would need an SP of £2.40 just to break even.
New investors and the astute will be enjoying the rise but there will be some who's original investment still needs a significant uplift in the SP.
But no denying there will be some making a nice return on the current rise.

Chester.

Hi C7

So if all six directors purchase their options mid next year that will put another £489k into the company's coffers. I'd be very happy if they converted them and sold them straight away at a advantageous share price.
I'm sure the directors would be happy as I certainly would be.

Chester.

OK Knowlesi

Thank you for your reply, as we move forward and given that the progress on all fronts is positive we should be in a good place by next March / April and let's hope that the Coronavirus is not to prevalent throughout the winter months.

Chester.