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I think Argent will be courting the JV partners in Q1 2019, if they are not already. I am expecting them to be successful in 2019. Also drilling at Bonya begins in Feb. and we know how the market loves drilling results. We might get a nice surprise re. more tungsten ore discovered than expected. I think this stock will fly in Feb, maybe even in Jan.
At least the valuation of MTR’s exploration JV has gone up substantially in value on the back of today’s MOD A4 announcement. MTR could sell this to MOD and get a nice cash sum.
The MOD share price makes no sense at all. MOD will become a bid target in the New Year in my opinion.
Looks like a solid announcement to me. Up we go?
MTR super cheap at this price. Having said that I'm waiting for next set of MOD assays before buying more shares. I want to see higher grades and size. I'm sure both MOD and MTR are lining up lots of news flow for Jan. I might pick up some shares on Dec. 27/28 when no one is looking! :)
I would not judge T23 too quickly. Hole 1 obviously a dud, but hitting the sweet spot of a new copper discovery on the very first hole is always highly unlikely. This is exploration. I suggest we reserve judgement for hole 3. This looks much more promising. If the Cu grades in hole 3 are less than 1% then I agree, T23 a write off. Let's wait and see for hole 3 results. I do agree they should be prioritising T4. Have MOD lost their marbles? Perhaps. But I expect they will be drilling T4 sooner rather than later.
I liked the final page of the AGM presentation... "accelerate exploration"..."review options to monetise projects". I wouldn't want to be short this stock. Very comfortable with my shareholding in GGP. :)
"Leverage strong financial position to
accelerate exploration across its portfolio of
exciting exploration assets
? Havieron: Spectacular initial results from
second drilling campaign (ongoing) following
excellent results from maiden campaign
? Black Hills: Multiple gold nuggets and high
grade gold in rock chips detected in first
exploration campaign
? Firetower: Drill programme in early 2019,
large target detected by 3DIP survey
? Seek to acquire new opportunities and
review options to monetise current projects"
The MMs need to accumulate shares. Big assay results are on the way. Imminent. They have very limited time otherwise they will be caught short. Hopefully they can acquire enough before this stock runs to 3p. Tick tock, tick tock :)
These are very good results. Hole 6 could be a monster and a hole 5 beater. Hitting mineralisation in every hole and intersections are substantial. Grades increasing with depth. Nice. What’s not good about this? Lol! Steady news flow over the Christmas and New Year period too to keep the market happy.
Breakout on the way. This is a winner. :)
Some interesting comments re GGP corporate governance. I think in 2019 GGP should focus on achieving a JORC compliant resource at Havieron that ideally has 10m+ oz. And drill Black Hills. Do they have the management team to do this? I think they are good at doing deals. I think they can hire good consultants eg Clive Latcham. I think they can drill holes. Can they build a gold mine? Absolutely not.... where is their track record of building and operating gold mines? So they will have to sell at some point.... hopefully at a much higher price than where we are today!
On the contrary I only invested in GGP post hole 5 results. I don't blame MTR for waiting until good drilling results were announced. Much less downside risk. I don't agree with some of their other investments eg. THR. Pile of s**t and where is the exploration upside there? Basket case. But I do like MOD / T3 / T23. MTR a good exploration investor.
Please can those of you attending tomorrow's AGM post comments asap on the LSE board. Would be great to get feedback real time. Key questions for me is whether or not they have been approached by other larger mining companies and the likelihood of a deal. Also, drilling results in the pipeline (when will we see them). Some info on ASX listing would be helpful too. Is this seriously being considered?
Looks like smart investment to me. GGP sitting on 10m oz of gold. £60m market cap is nothing. MTR will make 3x - 5x on this investment.
Who is PJ?
It makes a lot of sense to buy before the AGM tomorrow. I'm sure the management team of GGP will have something positive to say. We should get at least 2 drill results between now and Christmas (hole 6 and hole 7). The share price should then take off.... As I said before, drilling around a discovery hole is not rocket science...