Member Info for Dip666

@jem -getting a JV in the first place whether good or bad is no easy task........consider just a few points form the perspective of a potential JV partner perhaps:
- Responsible corporations with a high level of governance do not throw money around on their own exploration or JV's, they have stringent processes and influential shareholders to answer too
- There are a huge amount of exploration companies and projects to pick and choose from
- Since the last mining boom majors who quite frankly went banana's overpaying in terms of M&A's have cleaned up their act, attracting investors through dividends and a far higher focus on ESG and general responsible corporate governance

@jem - The chances of getting a JV are going to increase with activity on the licenses to prove them up along with HH's points of then being able to negotiate a better potential deal, you usually have to do enough work (means spending time and money) and show enough potential to gain interest in the first place. Majors are not as agile as Juniors and exploration is more measured and less speculative hence a large part of the reason so many junior explorers exist.
Bill's not responsible for the lab delays, hopefully another set of great results and an MRE will entice a JV for the iron ore.
We're unlikely to get another JV without doing some work on our sites probably.......which is why the EH Tailings if viable would be a great little project.
The fact that we will soon have an initial MRE will help gain interest and also negotiate a better JV deal. Sure, some of the regular posters here are very optimistic shall we say, but a fair few of us are of as more measured nature and still see a large amount of potential in UFO.
It was disappointing to lose the D2 JV but IMO the two key projects/tenements I invested for with Hammersley and E.Hill still remain very much in play. I've been invested for about a year and in this sector that is not a long time or indeed in any context. Obviously it is your own money and I understand your viewpoint leads you to want to exit - but I do say it doesn't appear to be a particularly informed opinion in regards to investing in this sector.
The thing to consider with Hammersley is that it was a well sought after area, also by the majors but we ended up winning the lottery, we've had good drill results and will soon have an initial MRE - I feel that could be a compelling combination for a potential JV.
@Nap - I don't think Jem is a shorter mate, more so someone not well versed with the sector :-)

From memory the silver squeeze did seem to translate to interest here - but I'd really love to see a sustained rise coming from an influx of investors who work from data and fundamentals rather than traders looking for a chunk of change :-)
I think when a new investor looks at the historical chart - the drop either presents an opportunity or makes them wary but hopefully they do some research on the projects and see the potential there.
The non -biased analysts who don't favour particular assets that I prefer seemed to indicate Q3 onwards seeing a return to sentiment for PM's as investors woke up to the fact that although the increasing prices of most things may slow in time - they probably won't be decreasing........
Their forecasts look good so far and this on top of investors noting the huge profits the majors are making should start to generate a return to our currently unloved sector IMO :-))

@TIG/MFU - Happy to help guys and will certainly continue and Tig, I totally sympathise with the doubt creeping in at the current time so hoping my posts along with efforts by many others on LSE and Telegram help fellow GGPers out.
I'm sure that as we start getting the delays in labs eradicated and start moving through PFS, MRE, DFS etc. that 'twitch' will subside mate!
@5x5 - If there is a Mount Rushmore for GGP surely Callum would be most prominent, I have a feeling Shaun 'Like' Day is going to earn his own place given enough time :-)

Noting some pessimism returning today on the LSE board today after what I think has been an educational period as we got more familiar with Shaun's plans for GGP, I think the vision and long term strategy he has in mind is pretty clear after the recent PR tour by Shaun......
- 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 disciplined overview to 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 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 such as a mining engineer and 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 his latest podcast a few days ago.
- 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 a week ago.

Additionally in the last podcast Shaun also listed these as Key milestones/catalysts to the hosts:-
- PFS on Hav in second half of 2021
- JORC update of Hav MRE inc. 12 months of drilling in early December
- DFS on Hav in 2022
- By 2023 we'd 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.

Codders - 'your man' was on earlier mate.
It was so sad to hear your sad story the other evening of how one bad trade too far has resulted in your man forcing you to meet random PI's in alleyways behind companies house to exchange favours for cash :-(
I'd pray for you - but am not religious, but of course you have my sympathies and I do hope you can escape your abusive relationship with that scoundrel Marky Mark.
We're serving vegetable soup tonight and will tell the staff to ensure you get a double serving - hold tight and stay brave.

We have had some news on other projects inc. an update on the CS Project since - list of RNS's since webinar below - go check them out perhaps :-)

29th Jun 2021 7:00 am Baker’s Project - Drilling Results
17th Jun 2021 7:00 am SALE OF NON-CORE PROJECTS
27th May 2021 2:00 pm BOARD CHANGE & ISSUE OF EQUITY
24th May 2021 10:18 am Half-year Report
19th May 2021 7:00 am CS PROJECT SUCCESSFUL TEST GRIND OF POZZOLAN
14th May 2021 7:00 am Baker’s Gold Project, Western Australia
29th Apr 2021 7:00 am Baker’s Gold Project – Scheduled Drill Programme
16th Mar 2021 10:33 am Director/PDMR Shareholding
10th Mar 2021 10:11 am Assay Results at Clayton Silver-Gold Project

https://www.sunriseresourcesplc.com/presentations

Give me a break - it was late!

IMO guys, I think the main problem with the presentation was that there was a lack of clarity on a detailed strategy going forward as to how exactly PC is looking to monetise the CS Project. A bit more detail on the alternative roadmaps might have helped at least reassure some of us that they are focused and dynamic. Not saying he isn't trying his utmost behind the scenes - just that he wasn't able to communicate that to us.
Looking at it from the perspective of either a LTH or someone looking to invest as a newbie - I didn't get that belief that revenue is coming in the short term. While we don't want a slick salesman who might suggest impropriety - we do need him to perhaps co-host with someone a bit more able at 'selling' the company.
Marketing and PR isn't such an issue in general as this is more a direct approach to a select few prospective clients, but overall I remain unimpressed with SRES BOD in terms of dynamism, commercial nous, ability to generate a presence. Thank god we have people like Alistair Ford who have noticed us.
Really don't care overmuch about Claytons and Bakers - plenty of peers with similar projects of a as much potential in those jurisdictions - and not expecting JV's unless more exploration is conducted - but hopefully I am completely wrong!
However - I still love the CS Project and remain convinced that the market demand and pressure on these companies to adhere more to ESG responsibilities will pay off for us, just going to take time and not all of the blame is on PC's shoulders there TBF.

Sorry MS, seemed to be worded as a question ;-))

Last weeks Q&A when asked what projects excited him he said something along the likes of Ernest Giles was very exciting to him and that EG hasn't been explored yet by drilling into the basement rock that would host the ore bodies and he istrying to get an access agreement this year to hopefully get rigs to EG next year as that is a glittering prize in the portfolio.
Also during todays podcast, he repeated something along these lines but you'l have to check for yourself.......

replace the *** with v-o-x-m-a-r-k-e-t-s without the dashes

https://www.**********.co.uk/articles/dev-clever-acquires-the-inspirational-learning-group-as-it-expands-global-user-base--9fdccd8/

replace the *** with v-o-x

https://www.youtube.com/watch?v=oVbQNXjDNKg&list=WL&index=1
Rick Rule talks about the benefits in being invested in ASX stocks from 14m 30 secs in :-)

Nothing to worry about with GGP silver, was lucky enough to go in heavy there Jan 2020 - well on the way to a PFS which is one of those key milestones I was talking about earlier.
Same with UFO, the JORC MRE is a real step onto the roadmap to move on from being an explorer :-)

Despite what Ken Watson (a guy who should be in the know) posted on twitter a while back it does appear there are still approx. 6-7 week lab delays according to the GGP CEO Shaun Day and certainly we've seen this play out top date with the lack of results in their JV partners exploration updates every 6 weeks.
Also, HH I think mentioned he is invested in a few other Oz companies which are also awaiting delayed results.
The good news is that Shaun also confirmed that the labs are making improvements and in the near future we should be back to normal turnarounds regardless of how busy they get.
I guess it means the results and MRE might still be a little bit away - but we do know the Phase 1 results were great and the xPRF readings taken this time were also indicative of great results with this next set - so IMO i'm just fed up with lab delays rather than worrying about the results :-)

https://audioboom.com/posts/7911745-podcast-no-126-with-shaun-day-the-ceo-of-greatland-gold

https://www.youtube.com/watch?v=oVbQNXjDNKg&list=WL&index=1
Some very pertinent comments by Rick Rule around 6m 30 secs that might help to understand the importance of the scale of the deposit and the need for feasibility studies. The observations on copper (right afterwards) and ASX stocks from 14m 30 secs are also very interesting.
Mining Stock Wisdom with Rick Rule (30-min discussion)
0:00 Introduction
0:38 What is a tradable shell company worth now?
4:51 Exploreco with only one flagship project less desirable?
6:30 Development stage projects
8:56 Copper and copper projects
14:30 North American investors & ASX mining stocks
17:53 Ely Gold Royalties acquisition by Gold Royalty Corp.
21:41 EMX Royalty to be taken over soon?
24:32 What did Rick Rule learn at his Symposium this year?

Personally my thinking is very much rooted to historical reality Leweyman - there is a defined and proven route to taking discoveries through exploration, development and productions stages :-))