Member Info for JerseyCrew

Are they doing the hokey pokey?
As long as they are not rearranging deck chairs on the titanic!
BMV humour - sorry - but much needed!
ATB

Makes sense Tymers - suspect this will release the handcuffs of many an Institutional Investor. There is now a golden opportunity for those PI's with the cash / the patience and the foresight to invest. For those of us already here just sit back and wait. I truly believe this does not need any form of ramping. The facts are there in official form for all to see. Time to chill and watch it all unfold.
ATB

I think we have a market now who is more concerned at what other investors are doing rather than what the company is doing and the wonderful results being released time and time after time. Like a financial Mexican stand off. Who is going to put a big wedge down first? Will that force the price up, only to quickly fall again as someone sells and makes a few % into the rise. That fear then prevents the initial big investment. That is how it feels to me - all about short term small gains and preventing short term losses. There will be a tipping point though when the sentiment will change and the SP will closer reflect the value, moving towards future value. The big question is of course when - who knows with herd sentiment?! Rather than trying to second guess I just keep holding knowing that whilst I don't know when - I am confident that it will happen. I am a very patient guy for big rewards!
ATB

I see 22p just been paid after a day in the doldrums

https://canaccordgenuity.bluematrix.com/sellside/EmailDocViewer?encrypt=5dc4db56-3083-470e-8fb1-c0c82abfe16d&mime=pdf&co=Canaccordgenuity&id=ca-internalresearchdistribution@canaccordgenuity.com&source=mail
Report in full.
ATB

I think that the note has been very carefully written.
Please note:
1. The heading - 'unique'
2. 2nd paragraph - 'initiate coverage' , 'preliminary nature of assessment' , initiating coverage of Speculative Buy
3. 5th paragraph - 'We do believe that ongoing reporting of drill results will continue to be encouraging this year, and will ultimately lead to significant upgrades in the overall resource base.'

People need to look beyond the initial 25p which is still a leg up from where we are today. A brokers preliminary note must pass the most stringent of scrutiny tests from potential investors - reputations are at stake and strict internal corporate governance in play from a company with some £40B AUM.
Just my view - and for the record the fact they mention 25p has not changed my opinion on where this is headed which is far in excess of that number.
ATB

I suspect Sam is fully aware of the potential here given his background and historical knowledge of GGP - his hands will be tied I suspect to a degree based on published results only at the moment - I am reading the note with lots of hints to the potential upside:

https://www.centralcharts.com/en/144808-greatland-gold-ord-0-1p/news/801875-capital-network-s-sam-catalano-on-greatland-gold

BIOG:
Sam is the lead mining equity analyst for Canaccord Genuity in the UK. Sam has nearly 20 years of industry experience in equity markets, specifically covering the mining sector; including experience on both the buy side and sell side. Sam also worked in the Australian mining industry before transitioning into finance. Sam recently joined Canaccord from Credit Suisse where he was the Head of European Mining Research. Sam graduated as a Mining Engineer from the University of Queensland.

It goes on:

Fast track ramp-up
Newcrest's nearby Telfer mine is soon set to exhaust, leaving significant processing infrastructure 'stranded'. Newcrest is currently fast-tracking the development of Havieron in order to avoid the cost of placing the Telfer plant on care and maintenance. We expect the Havieron Project to begin ramping up from late 2023/early 2024.

Low-capex development
We have conducted a benchmarking study of similar operations to estimate an appropriate unit capex rate of US$100/t of annualised throughput, which we believe to be ~30% lower than the capital cost for an operation which also requires processing plant construction.

Significant exploration catalysts
Havieron already has an initial Mineral Resource Estimate (MRE) of 4.2Moz @ 2.5g/t AuEq. The current 65,000m growth drilling program has intersected mineralisation in all of the holes drilled so far, and significant intercepts exist well below the current MRE. What appears clear, in our view, is that there is significant additional gold in Havieron than has been currently defined. Our simple observation of the drilling data to date, plus the known MRE geometry, suggests total resources could be a multiple of what has been defined to date; of course, whether that multiple is 2x or 5x is much more difficult to define at this stage. We do believe that ongoing reporting of drill results will continue to be encouraging this year, and will ultimately lead to significant upgrades in the overall resource base.

Valuation
Following strong performance in the share price over the past 12 months, 'valuation' is the strongest pushback we hear from many investors. We would agree that on the currently defined resource base, current trading levels are difficult to justify fundamentally (using either NPV or EV/oz). However, in this report, we outline a number of scenarios which we believe illustrate the modest level of exploration success required to justify significant valuation upside for this compelling equity story.

Not sure whether this has already been shared:

Unique amongst London-listed gold juniors

Compared to London-listed junior gold mining peers, Greatland Gold stands out to us as a differentiated player with a significant stake in what we believe will become a large scale, top-tier asset, with a tier 1 partner (Newcrest Mining) driving development, in a tier 1 jurisdiction (Western Australia). While we discuss a range of potential outcomes in this report, we believe that Greatland's flagship Havieron Project could become a 400-700kozpa producer, with a mine life of >20 years, developed at a low capex cost, as a result of taking advantage of Newcrest's existing processing infrastructure located nearby. Furthermore, we see minimal dilution from any required funding for development for GGP. The key for GGP over the next 12 months will be delivery of ongoing strong drillhole results as the full extent of Havieron mineralisation becomes apparent. This should give rise to material upgrades to the resource base, in addition to finalisation of the pre-feasibility study during 2H21.
We initiate coverage of GGP with a 25p/share target price, implying ~25% upside. Our target price is calculated as 1x NAV on our base case estimates (rounded to the nearest 5p). Given the preliminary nature of our economic assessment, as no economic studies have yet been completed on the Havieron asset, we are initiating coverage with a SPECULATIVE BUY rating.

ATB and looking forward to GGPTV later tonight - thanks to all that put this on air.

21.48 paid according to Google now - I don't normally watch the kettle boil but happened to notice and good to see.

Zing Boom
It's coming

Frustrated as I am, it is pleasing to see the SP remain firm. Many investors who have been here a little while now are prepared to see this out to the end - come what may!

the sudden drops appear to be the only sells and in very small volume - games games games

You have to give the MM's credit - they do remind us of the perils of stop losses on a fairly frequent basis.
ATB

Great summation Paddy. Could not agree more.
ATB

Don't be angry with yourself Trytosmile - most here invested at that time would have sold a tranche in the high 30's if they had the benefit of foresight - but those that didn't (myself included) have their focus firmly fixed on the end prize with the acceptance that they will not 'maximise' their potential profit by trading but they will I believe still achieve huge rewards in time, without the angst that trading and getting the timings perfect entails.
I am with your in my confidence that the SP will be closer to £1 when we are close to production at Hav and of course who knows what a new discovery might bring to the GGP party!

Just come on to do a little dusting....
Hope everyone has a good weekend!
ATB

Patience is needed and then more patience. The drills are turning 24/7 and the decline is proceeding at pace. The longer the wait, the sharper the correction upwards I suspect. Think in terms of months rather than intraday SP movements and your feeling of well being, after all your research will return I suspect.
ATB

Agreed Paddy. Hopefully it will take away some of the oxygen from the perpetual takeover debate that surfaces here every few days.

This temporary (yes temporary in mining terms) period of the SP being in the doldrums will for some be the best opportunity to increase their holdings, when looking back in 12 months time.
Patience: “Patience is bitter, but its fruit is sweet.” Aristotle
ATB