Member Info for Dip666

@magic - thanks mate and plenty of us to do boring work like that and help keep that big young brain of yours free for more important things as you can fit in around the PHD , I'm sure those YouTube presentations will impress future prospective employers BTW

@SaS - copy and paste away chap, not remotely precious about credit or building kudos, genuinely looking to combat the negativity and happy if anything useful I contribute gets shared as widely as possible to help :)

Thanks everyone, hard not to be inspired in being more than an observer given the amazing selfless work of many many others that far eclipses anything I have shared and as Paddy says DYOR, knowledge is power!

@Timber, I have everything filed on my PC whenever I make some notes, mate will think about sharing a Google folder or something so anyone can just download all of them and keep it updated and perhaps Bottle could host a link on the ggp help site if he thinks it is a good idea, will have a think during the festive break.

@bamps hopefully you'll be back mate, looking after your dear friend shows you are as selfless in your personal life as helping us lot ;-)

- Shaun Day, our CEO, is building an exceptionally strong team augmenting the old exploration team with very highly experienced and skilled individuals in mining and processing related areas that could quite easily choose to work elsewhere than an explorer that’s just transitioned to a developer. He has a team to protect our interest in Havieron in place and a team that could help us develop our own 100% managed projects if we hit another discovery as oppose to requiring a JV to deliver full shareholder value.
- Both GGP and NCM exploration teams have grown a massively greater understanding of how Havieron was formed, how the regional geology may be holding more Havieron’s, both in our existing Havieron mining lease and across the Paterson where we also share the additional Juri JV with Newcrest and have our own 100% owned tenements.
- Newcrest are applying cutting edge technology in conjunction with a huge amount of experienced experts, a compelling combination for further success. Clear evidence of this belief is the drilling at our Havieron tenement border at Zipa/Hav North with our neighbours Artemis also working on their side at Apollo etc.
- Presentations at Diggers and Dealers, NewGen Gold Conference from the senior Newcrest exploration staff, the brief interview on Juri results from GGP’s John McIntyre during 2021 display both teams have strong beliefs in other Havieron’s in the Paterson region and are using more informed exploration techniques using particular methodologies to garner more success hopefully, Shaun’s comments from the AGM also touched upon this outlining a focused exploration approach in favour over Pattern Drilling
- The financing: we have feasible routes to paying our share of development costs both towards production on the SLOS mining front and then further on as we move into expanding through bulk mining techniques etc. and based on comments in the AGM I suspect Shaun may look to close on one of the term sheets by mid 2022
- The Lassonde Curve: well looking at that at some point we will be looking at a far far better share price but may take time, but I do expect 2022 to throw up a low of macro developments that make GGP a very attractive investment when money flows back into the sector
- Full takeover or sale of Havieron risks: I expect a premium will be paid on both counts IF these scenarios occur and although disappointed personally, a win - especially a major win is exceptional on AIM and will be life changing for many of us.
- I also think the risk of a takeover is another reason for the previous Equity raise, besides aiding Shaun in obtaining bank funding we can go hell for leather on our exploration targets outside Havieron and the Juri JV and hopefully build value through positive results in case a take-over bid emerges.

Like many, I have friends and family invested here asking on my thoughts on the future of GGP as the year closes as many of them have now been invested around a 12 month timeline so sat on a capital loss, so thought I’d articulate what I’ve been discussing with them, hopefully again, helps some here :

- Havieron itself has massive growth potential from it’s existing official resource estimates, it’s going to get much much bigger and reflect this officially through studies and resource/reserve numbers that can be quantified and utilised for attracting investment, obtaining financing etc. - officially may I add again - something that really matters
- The PFS was for a ‘fraction of a fraction’ of the ore body i.e a section of the SE Crescent which is a section of the overall ore body, over time there will be graduating studies after the FS and from my understanding during production that continue to expand the operational capacity and resource estimates, including the Eastern Breccia and bulk mining fronts which looks more and more likely to combat for even the most ardent detractor. Quite likely that Havieron will be running far past the time many of us have left this mortal coil.
- The fact is, we’ll be shareholders through GGP in potentially the 2nd lowest cost gold mine globally, I mean - globally……with potential to decrease these costs further down
- Our partner: Newcrest is one of the world’s largest gold mining companies, obviously focusing on Tier 1 low cost operations across the world, they are leading experts in the very techniques required to mine Havieron and like many majors focused on displaying growth and longevity to their own shareholders
- Intuition tells me the Eastern Breccia is going to grow in size just as we saw Havieron take shape from a few holes to forming a half ellipse to a full ellipse and then seeng the pockets fill up and overspills as evidenced in the exploration reports (using very very simple terms!). Obviously if you’re able to build a 3D picture in your head it’s far more complex than trying to envisage from flat 2D images so I appreciate some are struggling to comprehend as we all have different brains.
- Newcrest have 1200 staff with highly valuable experience at Telfer that they absolutely want to retain and they will do everything to avoid a gap between Telfer’s rapidly diminishing output and Havieron’s production commencement to retain them, once gone, the best would have been snapped up by other companies in a massively under resourced sector desperate for personnel, services and equipment

***continued***

https://www.sunriseresourcesplc.com/filemanager/Financial%20Documents/2021/2021%20Annual%20Report_Sunrise%20Resources%20plc.pdf

https://uk.advfn.com/stock-market/london/sunrise-resources-SRES/share-news/Sunrise-Resources-Plc-ANNUAL-REPORT-NOTICE-OF-20/86840750?xref=newsalert

@Parkboy, IMO GGP is certainly very attractive surely at this SP considering what they have with Havieron in a couple years and of course always a bid scenario. You can check my profile for a post with links to replay to this weeks AGM and some detailed notes and go and check the PFS related stuff.
@Max, hopefully they arrive by EOY but the actual content will be more important, rather than them being rushed out I'd like a very detailed breakdown and well structured RNS personally that highlights the potential properly for us and new investors that might be watching :-)

@DGR1980 - I'm telling myself it is because we are astute investors who have a nose for picking out explorers who in turn have projects that either they, JV partners or even buyers can progress to production which should entail a healthy payback for us :-)
Only time will tell as they say but despite a harsh 2021, indeed a year being caused by the very same factors that will reinforce why investors should have exposure in the likes of UFO and GGP IMO the Fed's recent statement and BOE's rate decision today are factors playing out as I thought , PM and sector sentiment isn't as I thought it would be more positive in Q4 but still think I made the correct changes in my portfolio in early 2020, just need to be patient :-)

Silver - UFO will have it's own intense swings too still - part and parcel of this sector my friend.
Keep on repeating myself more than HH perhaps (joking!) - but an appetite for risk and tolerance to volatility with a HUGE topping of patience is paramount when you find explorer stocks you think have potential.
I didn't really touch this sector much till i had oevr a decade of experience - just knew I'd struggle to have the patience and calm required when younger and it's one of those where if you're planning on long vs trading it pays to educate yourself IMO on the industry.
As for GGP (now a developer too formally) and UFO as two stocks we share - 2022 will be exciting on the fundamentals side and pretty crazy on the SP movement I suspect with the state of the world but isn't that uncertainty ultimately what may make both attractive?
Embrace the madness silver.........drown in it..............welcome to the jungle lol

oldblue - the site auto filters certain words even when used with no ill intent in longer words.

As an example if i type H A N ******* properly, the sutomated filter replaces the C the O the C and the K with asterisks as below.

Han****

IMO in the example he used, it is my opinion that the company itself was very very remiss in it's Due Diligence and to date seen no reasons to suspect PFP was as I replied to the guy.

Updated file with a youtube link instead as far better to view Aa replay of AGM from there IMO

Link to download file: https://gofile.io/d/nYvaLt

Interview: https://www.youtube.com/watch?v=J_wmoaUkWQs

RNS link: - https://www.lse.co.uk/rns/GGP/result-of-agm-1baa2nowluecd9p.html

Slides: https://www.investormeetcompany.com/investor/meeting/annual-general-meeting-29/presentation

Thx guys and no probs Burleigh - Shaun could read all questions posted I think mate,so probably took in your suggestion even if not answered as appears a sharp cookie :-)

Excuse any typo's to all , rushed it out as busy end to year ahead but also looking at the SP today - think most of us would rather focus on something else (wry grin emoji)

Hi guys, made some notes from yesterday's AGM -a few images in there so easier to download the file perhaps as quite a bit to read too :-)

Link to download file: https://gofile.io/d/nYvaLt

Interview: https://www.investormeetcompany.com/investor/meeting/annual-general-meeting-29

RNS link: - https://www.lse.co.uk/rns/GGP/result-of-agm-1baa2nowluecd9p.html

Slides: https://www.investormeetcompany.com/investor/meeting/annual-general-meeting-29/presentation

I think many of us are fairly sure for various reasons now that Aaqua may be involved in the as yet undisclosed material contract (I stress this is conjecture so this post doesn't get removed) - so IMO it may be delayed until Aaqua launch, whenever that is, perhaps someone is following their development closely here?
In terms of general market sentiment and SP movement - long ago gave up worrying too much about all that as long as the company is a sound investment. I do have unbelievable tolerance and nerves of steel though in that regard as I am heavily research focused and once I'm certain of something - I am certain, but appreciate we all differ in our approaches and temperaments :-)

just a very very very quick cursory glance shows that Churchill themsleves obviously weren't doing a very professional job of DD in the first place.

Bagzzz - this is how it works with these kind of investments mate and if you don't need the money in the short term then you need to chill out bud if you believe in the company, it's strategy and the team along with the outlook for the industry.
I barely bother posting now as I think everything is in place - it's a long term hold for me as the company develops into the absolute beast I expect it to become :-)

So sorry to hear that and heart goes out to JS, myself and two siblings grew up with a Labrador, we always joked he was the favourite child of our dear mum (he was!).
We all grieved as if we indeed had lost a son and a brother on his passing, hope JS is holding out OK x

*In an interview last week, you briefly mentioned scallywag and the growth drilling at the NW of the main ore body at Havieron?
- Couple of rigs looking at the Hav North and Zipa targets still within the Hav mining lease, GGP incredibly optimistic about them as typically a NW trend running through the Paterson region.
- Scallywag sits to the NW, but hitting some of those anomalies still on the Hav mining lease but slightly to the north of Hav proper gives tremendous option value and opportunity to be successful.
- Newcrest are equally interested in those targets, they represent genuine opportunities and those opportunities continue to flow straight onto our scallywag targets.
- Systematic process, area is under cover, don’t believe in expensive pattern drilling. Believe in drilling a hole, understanding that, reflecting on it, recalibrating understanding of the region and then going back in.
- Very much exploration built up from 1st principles and careful analysis, over time best way to create value for shareholders.

Here's a couple of sections from the AGM on potential SP catalysts and comments about the drilling at Zipa etc.

*Catalysts for future value
- Very focused on SE Crescent in PFS study, still some ¾ of this ore body together with opportunity at E. Breccia to be brought into mine plan
- Even within Crescent it’s only a fraction of that part of High Grade backbone of ore body
- Huge potential when you consider taking entire expanse of crescent and open up to greater bulk mining opportunity that attracted Newcrest
- Have Jorc update on resource due
- Inaugural sustainability report due
- Aspire to be fully funded, have in place some cash now in addition to that loan facility with Newcrest
- Engaging with market now particularly with banks to achieve full funding for development of SE Crescent
- Did raise equity earlier, need to appreciate that having a cash balance is not instead of finance, augments ability to obtain bank finance such as when buying a car or house with a bank loan
- 90,000m of growth drilling planned
- Remember in 230,000 odd metres of drilling into this ore body, yet to have a drill that hasn’t intercepted mineralisation which bodes well for the planned growth drilling
- Feasibility study expected in 2nd half of 2022 which will take the 2mtpa outlined in PFS to 3mtpa (million tonne per annum), an increase by 50%
- Bulk mining potential with ¾ of this ore body
- Both GGP and Newcrest ultimately see this as being a continuation of the SE Crescent (Sub Level Open Stoping - SLOS) with a bulk mine potentially operating next door to that
- One mine - Two mining methodologies
- Discovery continues to be a focus for GGP
- Decline progressing, currently moving through the soft Permian area that takes longer than hard rock, around 400 meters of cover before getting to the harder country rock when speed can increase. Always been planned with relatively slow progress to start with, but as you move further down to the more compressed Permian rock things pick up and eventually with the harder country rock you have beautiful mining conditions.

***continued***

I think BBG was using a different lab this time Nap - but they all still look like they have the same blooming delays mate :-(
Fingers bloody crossed that the wet season allows labs in Oz to catch up in time for the 2022 drilling season however :-))

Now live for replay:
https://www.investormeetcompany.com/investor/meeting/annual-general-meeting-29