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Scallywag is not part of the farm in agreement with NCM.
GGP is drilling it and will report Scallywag at any time.
Report out now:
https://www.asx.com.au/asxpdf/20200910/pdf/44mhhy10hczxfb.pdf
My completely irrelevant back of envelope calculation for the chance of interims tonight is:
In the next few minutes 97%
tomorrow 0.7%
next week 2.3%
Big brexit news today is that the Government proposes introducing a new bill that breaks international law.
You can debate whether or not it undermines our credibility when making trade deals with other nations but it has an effect on the £/US$ exchange and therefore on the £ POG
The gold price in US$ today is around $1927 down 0.12% on the day so far.
The £ against the dollar has dropped 1.0% to around $1.30
The gold price in £s today is around £1479 up 1.0% on the day so far.
The worse the brexit situation gets the higher the gold price in £'s
GGP is a good hedge for a bad brexit
Agreed TMT.
Although the go to exchange rate for bad brexit news does appear to be the low £1.20s
Example of impact of £/US$ exchange on POG in £s
S1920 at £1.30/$ = £1476
$1920 at £1.20/$=£1600
All time POG in £s was £1579 in August
Which makes GGP a good hedge for a "no deal brexit"
Correct and Incorrect Jersey crew.
Correct the POG in US dollars will not be affected.
However the POG in pounds will be affected as the pound/dollar exchange rate will likely drop in the short term and gold will become more expensive in pounds.
Apologies for the correction.
I was counting chickens and some ruddy ducks started lining up.
Correction 1769.32%
The % gain, return on investment ROI from 0.88 to 16.45 = 1719.32%
Yes Paddy just seen that, I can't see a time frame for the Minister for Mines process so are we talking a few days or weeks?
It could pop out of the woodwork any day now.
On the WA Department of Mines website the Wardens court in Perth is scheduled for September – 11, 18, 25 and October – 9, 16, 23, 29
If it is on the 29th its October not September.
Hi Paddy, I thought someone on here posted 29 Sep as the date the application was due for approval, or not. Might be mistaken.
Hi Fallenpop, I can see how you arrived at 20%
I was quick to challenge your claim as we have had malicious posters on this board who love to post outrageous comments to send the board into a posting frenzy.
I wanted to clip this in the bud.
Thank you for your quick response to your unintentional error.
Report & Financial Statement year ending 30 June 2019
Page 48
https://greatlandgold.com/wp-content/uploads/2014/01/GGP-Annual-Accounts-2019.pdf
The parent company of the Group holds more than 20% of the share capital of the following company:
Company ------------Country of registration--Class-------Proportionheld--Nature of business
Greatland Pty Ltd-- Australia----------------- ---Common--100% --------------Mineral exploration
wholly owned subsidiary i
Greatland Pty Ltd "owns all the Australian prospects.
It is the whole owned subsidery of Greatland Gold Plc
I am though, very much looking forward to 27p and the MCap that will then be US$1billion
Good grief TomE thats a bit SHARP.
It depends on how MANY of those unreported drills from Paddygall's map are in THIS report.
If enough of them and they are increasingly INDICATIVE of 10Moz then 20p is on the cards.
If it's confirmed GGP is going in the GDXJ then it may EXCEED 20p
All the best