Member Info for Dip666

You're entitled to your opinion Joe - as is everyone else as long as they're not being rude to others, funny thing is I thought we'd be bought out in 2020 initially but from around mid 2020 I began wondering with a potential resource that was going to increase in size during production perhaps that this was going to be more complex than having a fixed size in mind in a near timeline.
NCM may well try at some point - but they also have shareholders they need to keep appeased. Over on HotCopper I had a look and some are a bit miffed in general as NCM like most miners aren't doing as well on the SP front as they want currently - so those having bought in 2021 I imagine are not so happy, having thought like GGP newcomers here that the growth was to continue not retrace in 2021. Those and perhaps larger institutional and more influential holders will need some serious convincing that any large acquisition is a good idea.
Also - over there the posters assess NCM more on its entirety than just Hav so is worth looking there from time to time to get a feel for their sentiment too.
Perhaps with a DFS in place and before the 5% offer deadline next year in December is when they attempt to offer more than the 5% as the DFS will put forward a stronger case to their own shareholders as to why they think it is a worthwhile purchase. It is my current theory that if a full offer is made then that is more likely - but I may well change it in a few months or even weeks.
I just think it is too soon for them yet and also if they 'shaft' us then their other JV partners and other prospective partners who may discover something in the vicinity of Telfer will start to favour and trust them less - do NCM want this ?
It's very complex - I'm thinking personally if they do try it's later down the line and they'll try and be 'fair' in that they won't overpay by whatever the M&A trend is at the time - but they won't take the p"ss to retain a good reputation as a potential partner. They seem to value their reputation and integrity highly looking at their comms and strategy over the last 2 years IMO.

Interview with Shaun is live now
https://www.youtube.com/watch?v=u9sksi42GsE

YouTube comments from admin say the winner is being interviewed live right after :-)
https://www.youtube.com/watch?v=6lGaV9vbH5c&list=WL&index=7

My advice - pay attention if you're free to watch and GGP is now up :-)
https://www.youtube.com/watch?v=6lGaV9vbH5c

One interesting statistic looking at the InvestorMeet YouTube channel is that the PFS Q&A already has over 400 views and the one before that in July has had near 1000 views, where most of their uploads on the channel barely crack 100 views.
The news is getting out there :-)

5x5 - sorry just realised I didn't answer your actual question!
I'm not sure about needing a PFS in place for a sale as anyone can buy anything they want I guess, but certainly a major will have their own internal criteria to purchase our license, certain DD and so forth, so having a PFS in place will help a lot in derisking for them and enabling us to strike a better deal IMO

I think so 5x5 as you need to follow the entire process required to get a mining permit and also internal DD and red tape for a BOD to authorise further spend/progress one each project stage.
Whether we pursue a standalone operation or try to sell/JV , having a PFS will really help attract potential partners or buyers to the table as they're jumping onboard with a lot of work already done to prove the economic viability and derisks everything for them, also means we can negotiate a better deal than pre scoping/PFS etc.
Probably better answered by someone who has spend a decade or so heavily investing in this sector, I've really only immersed myself the last 2 years in this sector :-))

It won't be as detailed as a PFS as more preliminary and isa precursor to a PFS from my understanding 5x5.
It will be more high level than a PFS and address potential economics of the project , my personal assumption is they're perhaps using it to address whether they go standalone or treat the area in the study as a larger project overall and perhaps look for a JV type avenue to progress in that case.
Based on the decision using the scoping study on the avenue to pursue (if the economics measure up), they'll undertake a PFS once they have enough data from exploration drilling next year IMO for whichever option and for the area the define in the following PFS.

Great news we're seeing a scoping study and a webinar but I'd just be careful on SP expectations, especially as this can be bought into and sold by traders now they have a timetable of sorts.
Just seen the same play out on GGP's Havieron PFS and feel the date being announced for it to be released allowed some fun and games leading into it,
Irrespective of the SP by the end of next week, we'll have real data to analyse through the scoping study and further strengthening of the fundamentals on top of the initial MRE we have for Han**** and phase 3 drilling to further define the resource, so remember to focus on that as much as the SP.

This seems to be the key message:

Aim
- self funded through development of profitable mining projects.
Strategies
- to prioritise CS Pozz-Perl through to production
- unlock value in other projects through exploration, JV, sale etc.

https://presentations.investormeetcompany.com/investor-meet-company/GREATLAND-GOLD-PLC-GGP-Investor-Update?bmid=a41b84a1fb1d

For anyone struggling to understand things go and take a look at the new presentation, lays everything out very very well.
Starter mine, tip of the iceberg, second lowest cost miner globally etc. etc.
https://www.londonstockexchange.com/news-article/GGP/new-growth-update-presentation/15169606

Bottle's Pre PFS show - live NOW
https://www.youtube.com/watch?v=2IndLssIomM&list=WL&index=4

Midnight PFS presentation by Newcrest
https://edge.media-server.com/mmc/p/hxfet37c

Did you actually read the ASPI report - all 30 plus pages - obviously not Chris2 as the infrastructure issues in China's desire to use Africa were mentioned.
Easy to post about 'serious research' - quite another to actually spend an hour reading something and taking it in though.
You don't research thoroughly and your TA is just as lacking in skill.
And they used 3 scenario's due to the difficulty in accurately predicting future demand in that report, other studies have mentioned the issue in accurately predicting iron ore demand/pricing too.

Not a problem Timber ;-)
I've always enjoyed Alistair's opinions, analysis and coverage in general and TBF he i goes into more depth than the other article and caps it off by stating that the time for those kind of decisions may not be here quite yet.

https://www.proactiveinvestors.co.uk/companies/news/962808/greatland-gold-shareholders-await-havieron-pre-feasibility-study-with-baited-breath-962808.html

Wolfy - we don't have the funds or resources to drill the bejusus out of either our Hammersley tenements or EH/Munni unless we get JV's - even then- will take years for either to be fully explored. I'm actually against spreading ourselves too thin for such a small company - not bothered about Mexican projects personally.
You really need to build an understanding of the amount of time, money and resources that needs to be completed to get approval to mine and commence production.
You would do well to look at a discovery like HAvieron for GGP and go through the technical work that was required to just get to the initial MRE and PFS being published tonight and understand that is a major desperately sprinting and still the amount of time taken with 9 drills or so and all their amazing experience and resources.
We could potentially do a standalone on the iron ore in say 18 months (12 is too soon I feel despite what some say here), but it may make sense to not do this dependent on various factors still being explored and treat the entirety as a larger project, the feasibility studies will help see which way to go.
Add in the huge disparity of resources vs supply in WA due to the boom in exploration (common knowledge), look at the massive lab delays too. What were you expecting in 12 months mate, we'd have an MRE for all of the Hammersley tenements and an updated MRE for EH?
Every single company irrespective of their size in our vicinity is dealing with the same issues. Not even a major could have achieved what you seem to think we should have - especially during a pandemic too.
The fact is that the fundamentals are way stronger than they were at 3p when all is said and done.
That is AIM for you but of course certain PM/commodity price action and sector sentiment has kicked the BEEP out of most in 2021, be they major, mid or minor.

Wolfy - some will consider Max's judgement too clouded as he is only ever positive on UFO to a fault in their opinion, but why spend so much time arguing with him? You've made it personal for some reason, what a waste of time, at least he isn't harmful to sentiment.
People with serious money to invest don't look to Max's posts or at the other end of scale to Chris2 before making very big financial decisions or any LSE poster or chat boards.
Max often finds valuable info/links TBF and as for Chris2 - never - but you do sometimes get very critical posters that come across good info that bears effort in researching further. he isn't one of them IMO.
Chris2 was one of the biggest rampers at one point in the 10p by Xmas 2020 club and now bitter he averaged up and lost a lot of money - therefore his criticism comes from emotion - not cold blooded research.
Look at his attempts at TA analysis - poor and basic - very much words that will be used for the life he will have to settle for if he continues investing the way he does........

THE FUTURE FOR GGP?
Here again is my take on Shaun's vision and long term strategy after his' Summer of Love' PR tour :-))
- I think NCM may find Shaun's background and experience in operational, business development, financial modelling, funding and banking useful and personally I've observed that Shaun seems to have a keen mind for optimisation related thinking
- Shaun’s previous experiences will be applied to GGP by looking to grow market cap, people and infrastructure, capabilities, systems, controls and organisational capabilities. Bring his disciplined overview in business to understanding own mining assets and to augment with other opportunities in the market to grow portfolio.
- Hav is the Launch/Foundational asset to develop GGP onwards from being just another explorer, Shaun hopes to be at the helm for a similar journey as he helped craft at Northern Star as their CFO (their market cap increased from £700m to £10bn over time).
- Has already employed a Health, Safety and Environmental Mgr, CFO and Group Mining Engineer and is further augmenting the exploration team with a 'core team' (not a cast of thousands) to act as 'good partners' with NCM to scrutinise, understand and contribute towards all aspects of the Hav project with other additions to the team.
- These additional personnel will also help to help develop skills across exploration and production areas for future growth, alongside managing and operating mines as stated in a podcast in July 2021
- More exploration in the next 12 months than the entire history of GGP
- Continue to 'upgrade' portfolio assessing projects through factors such as the scale/quality of potential deposit and accordingly deciding whether to consider junior partners or self-manage.
- Two key goals seems to be to focus on the Paterson Range where we have significant targets outside Hav inc. Juri JV with NCM and our own Scallywag program and then additionally Ernest Giles which he considers as a 'glittering prize in the portfolio' as stated in an interview in July 2021. UPDATE - he has since added and applied for new tenements and we have NCM exploring 3 new targets in the Havieron tenement and Artemis too now active at Apollo

*Additionally in a July 2021 podcast Shaun also listed these as Key milestones/catalysts to the hosts*
- PFS on Hav in second half of 2021 to support 'fast start'- UPDATE - it's now just a few days away :-)
- JORC update of Hav MRE inc. 12 months of drilling in early December
- DFS for Hav in 2022
- By 2023 we'll potentially be extracting ore and mining the project, and that optimisation studies and a drilling program in parallel would continue to define and explore the ore body
- All augmented by continued exploration in the portfolio
- A market cap that allows financial capacity to selectively add projects and exploration ground to upgrade portfolio
- Will have a team in place that can really optimise value from these projects.
- SEE ZORO’S LATEST ROADMAP FOR D

Chris2 - this is a junior mining explorer - if of an investing mind frame - then you decide to take a long approach, as in years not weeks and months.
If a trader then fundamentals don't matter and neither does timeframe - TA and so forth.
I am not exposed financially that a total loss of capital invested here affects my life in any way and have the patience that I am happy to buy in early and wait a few years (based on ongoing success on the projects). In other words you won't find me stalking teh baord and other posters like you after your loss :-))
Watch/read some content from the professionals and you'll see what my approach is as well as many others here, we may well be wrong as a very risky sector, UFO is not a safe bet by any means yet.
Do i have targets and goals - very much so in the form of a flowchart mapped for each project I deem of value held by UFO.
You always struck me as a want overnight riches type - you'll probably never match the gains over an investment lifetime of many here - like most day traders vs investors over long periods.
But good luck and I wish you success that you might be one of the very very very few who do - the odds are worse than 3000 in 1.