Member Info for JCarson

Following yesterday’s debacle with Hydrogen and Costa, and my suspension by Admin for sharing their warning that was directly messaged to me, I’ll no longer be reading or posting here (not that I did post much anyway).

What I will say is that this board is not what it once was and Admin do not treat everyone fairly. Respected posters and fact-based posts are removed whilst lies, deceit and insults are permitted. In my mind, it is no longer a platform to serve PI’s best interests.

On Dip’s point regarding Ortex, very strange coincidence:
1. Costa and Hydrogen share Ortex data
2. Costa and Hydrogen banned on 26th May
3. Ortex access stops on 27th May
4. Ortex data available up to 11th May, the day before the JPM Asset Management short was reported on 12th May.
5. Data available doesn’t display the additional >19m shares on loan from 11th May to date.

You can all take what you want from the above, but the five points listed are facts.

Best of luck to all and take care whose posts you take heed of on here.

Hi Paddy,
I was in touch with SD. Unfortunately he confirmed that the 12 months from December 2021 was for NCM to issue their intention to exercise the 5% offer. As they have done that, the 12 months is now a moot point.

I had a slim hope that if negotiations were protracted beyond December 2022, that the option would lapse and GGP would retain the 5%, but unfortunately not.

Morning All,

Please read the messages below. There have been emails shared on Telegram from Newcrest which say:

“We don’t plan to put an interim release out this month, the next update is likely to be at the same time as our Quarterly report on 28 April 2022.”

A further response said:

“With the PFS and initial Reserve released, our intention is to revert back to quarterly exploration releases – although this does not prevent us from releasing ad hoc reports in the event it is warranted.”

We may get our own interim update from Shaun.

T212 may have, but overall shares on loan have decreased according to Ortex.

01/11/2021 27.60m shares on loan
02/11/2021 26.11m shares on loan
Difference: -1.49m shares on loan

First meaningful decrease in shares on loan (> 1m) since 24th September.

Intrigued to see if we get a response to Torham’s question.

Here we go with your 3-6 posts '1 month old dodge account' you won't last long here, believe me.... Spreading FUD - fear uncertainty and doubt - over the bulk underground, becuase that's essentially the only unknown left that such disingenuous posts can target.

Last year we had months and months of tecnhical FUD with the GreenTool and others - who said Havieron would never be economic... but here we are 12 months later with a gigantic starter deposit, a $50m decline going in, and $50m GGP cash funding to DFS, and a published phase 1 mine PFS to take to the bank ... so NCM can get ore to Telfer ASAP.

You may be able to confuse and scare the un-researched with your manipulation, but you cannot touch Bamps or me.

For the rest of you MrBig is a skilled and devious operator who last night was attempting to exploit an ostensibly clever argument. The posts were subsequently removed this am. For the correct reasons.

What he/she was trying to do last night was apply NCM's conservative, underground stoping phase 1 mine operational costs @ $84/tonne - actually $81/tonne according to GGP using the correct exchange rate to Bulk Underground production.

The first Stoping operation has naturally has lower volumes, due to the inherent volume limitations of the Stoping technique and higher costs - ore transport to surface limitation, requirement for drill and blast / explosives, and extra material handling, and subsequence labour in back pasting costs )

But you cannot apply this to the anticipated Bulk under ground block caving grades of the larger scale deposit where the cost per tonne would be circa $25-27/tonne

This is a totally and fundamentally inappropriate comparison made by BiggL - It's like comparing two completely different company cost structures, AND specifically designed to imply that anything under 1.5g is likely to be 'uneconomic'...

And It's total BS becuase we ALL know that Cadia is economic down to 0.4g/t Au... specifically due the bulk efficiencies of the operational costs.

And very much like comparing and interweaving the cost structure of building Ferraris directly to Ford Fiestas -

IE both make massive profits, BUT in TOTALLY different ways . Obviously You cannot make a profit building Ford fiestas in the way you build a Ferrari though. That would be loss making.

That's the best analogy I can come up with. And that is the tactic of this poster. Always Happy to smash them into touch.

Expect Multiple shorter accounts with a very obvious agenda.s

Regarding bulk underground : The only question is will this be a block cave or a more selective sub level cave...? Anyone with mining nouse can see that.. The grade in those breccia are nothing short of sensational. And a mine in their own right.

According to Ortex this morning, 38.56m shares out on loan. It has been floating around that figure for a few days now.

I note that the drawing date of Figure 1 is 15/03/21 which shows the Explosives Magazine in the same location.

Have you any thoughts regarding the land cleared to the west(ish) of the Explosives Magazine c. 800m away?

Thanks Everyonesawinner, good point re steadying the ship.

Thanks to you too for the reply Jerry. I too topped up yesterday morning, although nowhere near the value you did.

I think the initial Scally results was an opportunity for MMs and they seized it with both hands. Going by Berenberg’s valuation of 33p solely for Havieron, there “shouldn’t” have been any allowance for Scallywag either, but here we are. I could see another dip should the next Scally results be similar to the first set, but not a concern.

Havieron is the jewel in our crown and anything else is a bonus.

Hoping for a strong end to the week, with a nice blue Friday. All the best.

Evening All,

Just a post for me to think “out loud” regarding our SP since the release of Scally results.

What do you reckon has and is causing the SP to drop? Is it solely down to AIM games?

Ever since the market overreacted to the Scallywag results, something has just seemed a bit off, particularly when so many shares have transferred to sticky hands. I appreciate that GGP has a trend of dropping upon news, even when the news was as brilliant as last night, but I believe we are undervalued at present. I was surprised that Berenberg have stuck with their valuation of 33p (https://www.sharecast.com/news/broker-recommendations/thursday-broker-round-up--7795473.html ) especially after last night’s news and that Havieron has been further de-risked.

When the next results for Scally are released, do you foresee another significant drop in the SP should they be anything less than excellent?

Ultimately it doesn’t make a difference to me as I have no intention to sell in the short term, but I think it could be useful to discuss for less confident shareholders and those that maybe haven’t done much research.

I am entirely confident in the fundamentals of GGP and will continue to hold. I look forward to seeing how things unfold as 2021 progresses, with our SP increasing steadily. Good luck all.

It’s out:

https://www.newcrest.com/sites/default/files/2021-01/200128_Newcrest%20December%202020%20Quarterly%20Report%20-%20Market%20Release.pdf

@Johnsun I wouldn’t have thought a reply to my email would have been commercially sensitive. I asked:

“ At the company’s AGM last month, Gervaise mentioned that he hoped to have Scallywag results prior to Christmas, if not, shortly after.

Can you confirm if GGP have received the Scallywag results from the lab yet? If not, when do you anticipate these will be returned?”

A simple holding reply could have been sent.

To clarify, I am not doubting GGP or trying to ramp / deramp, I am simply trying to do a bit of my own research and share it with this board. I will continue to be patient and hold my golden tickets.

I have contacted GGP twice as per the info@ email address to ask if the Scallywag results have been been received back from the lab. Unfortunately, I haven’t received a reply to either email.

I’m not trying to ramp, but I agree with others that there are some sensitive discussions ongoing regarding Scallywag and that is the reason for the delay. I fully appreciate there have been lab delays, but not to this extent and we have passed GH’s timescale of shortly after Christmas (2020?).

There has been a lot of nonsense posted since Christmas, but it is days like today that show the worth of this board.

Thank you in particular to Paddy and Hydrogen, your work is first class and much appreciated.

Not one to look a gift horse in the mouth so have used this opportunity to top up.

Good buying volume + SP drop = AIM games

Tight spread, let’s keep the momentum going.

Interesting to see when Scally news drops, I’m predicting Tuesday 22nd after the market plays its games on Monday after the GDXJ purchase; Hopefully propel us to the next level and prevent a retrace.

Going by his history of not abiding by rules, perhaps he should have chosen PatrickReed as his username.

As previous, don’t feed the trolls.

Morning All, please try to refrain from replying to the idiots who have infested this board, this will only keep raising they bullsh*t to the top.

Topped up this morning at 29.00p, surprised the SP went below 30p, but I’m not one to pass up on an opportunity.

Looking forward to the GDXJ rebalance and Scallywag results. Anyone expecting a huge initial MRE is off the mark, and the 4.2 Moz Aue will only continue to grow; Intrigued to see if it’ll be updated within Newcrest’s quarterly update on 28th January as other posters have mentioned.

Predicting a SP of c. 45p by calendar year-end.

Maximised value by getting the land for Black Hills for A$250k and PRE for $A10k! Rudall was also very cheap but no figure provided.

Big few weeks ahead and hopefully we get the Scallywag results prior to Christmas, would be a nice finish to a tough year (outside of GGP). GH’s tone certainly seemed relaxed and very positive.

In short, very positive AGM, Havieron will be the gift that keeps giving, with mineralisation outside the ovoid. The initial MRE will be provided this month, with the box cut and decline commencing very shortly. We will get an indicated MRE prior to the pre-feasibility study in late 2021. Scallywag results prior to Christmas, if not, shortly thereafter. Juri JV drilling starting with one rig in March, followed by a second in April.

GGP is moving beyond from just being an explorer and as always, wants to maximise value for shareholders.

As you were.

Big news coming, brilliant start to the day.

Where’s Hydrogen’s rocket gone?