Member Info for JerseyCrew

....we all have them
.....sometimes if we get lucky beyond our wildest dreams we get close enough to sense that dreams can come true
........and along comes GGP and 3 years ago for some unknown reason you take and interest and start to research
............and then you take head of unselfish posters and listen, watch and learn.....
............and you invest more cautiously at first as ant prudent investor should
...........and you learn more at the feet of generous contributors and you invest more, averaging up but taking a responsible view in accepting the potential repercussions of AIM game that seems bent on beating you like a casino it is often compared to
....but you have a belief built on now years of research and in this case importantly invaluable pieces of education from contributors to this board and you make the best possible informed decision
......and here we are. What can I say..? I feel like like I have hung onto the coat tails of giants and in doing so I have already surpassed even my wildest dream.
.....still not sold one share - and to be frank it will be the hardest decision to know when to start. Not for some time that is for sure.
At this time - thanks to GH, CB, PG, MT, and so, so many others - you are keeping me buoyant on so many levels...and if the SP for whatever reason does not keep pace over the coming weeks with what we know is the inevitable outcome, don't worry - it will catch up with us.
Keep safe and make sure the people you love know how you feel about them every day.
ATB

Still invested there Nubi but Gold is very much my favourite colour at the moment :-)

I would say so Yare. All good around these levels imo.
ATB

Hey Nubi. Why do you ask please?

Makes us very lucky....living in a beautiful place and finding this stock!

You have a gift spinrock. I enjoyed that. Thanks

In Jersey Hodgeyd.

They seem reluctant to post the trade just yet. Smoke and mirrors?

The lack of trades and posts here just reflect how under the radar this stock is at the moment. The next set of news will hopefully change that as we have a clear path to 100% ownership of the SK prospects.

https://www.kitco.com/news/2020-10-15/Expect-renewed-and-lasting-upswing-in-gold-price-in-next-few-weeks-Commerzbank.html

Hi TMT - I have just copied from the report - bottom of p18 - section on Valuation and sensitivity analysis.
I am not passing any comment or interpretation - I am not that knowledgeable to be frank. I did question one aspect as to whether they should have posted a date rather than repeat '1.65Moz' - so if they have made one mistake there might be others? Just sharing what I have.
ATB

one obvious typo from me - 'under a flat deposit scenario' - not 'salt deposit'! - that would be very strange!
OK - more copy typing than I have done in a month of Sunday's - I need to go for a lie down now.

Fingers crossed Lenz - just sharing without comment but I am very hopeful you are right.
ATB

Last bit from me and please excuse typos as I can't get this easily into a form to copy and paste:

'We initiate coverage with a HOLD recommendation and a price target of GBp22 based principally on our assumed in situ reserve value for Havieron (USD 592m) and Greatland's other projects in the Paterson region (USD 419m).
The main sensitivities for our valuation are the size of the deposit and the USD EV/oz value of the pear group. Under a salt deposit scenario of 5.4Moz on a gold equivalent basis, if Greatland trades at the lower end of the Australian peer group at USD 176/oz reserve, then our valuation would decline to GBp10/share, a 55% reduction. If we apply the upper end valuation for the ASX peers, then our valuation would increase to GBP1,182M, GBp31.3 / share - 42% above our price target.
Our 5.4 Moz deposit size assumption is split between 3.75oz from the initial drilling at the Crescent and Breccia Zones with a further 1.65Moz from the Breccia and Northern Breccia that should be released in 1.65Moz. If the resource if 2Moz - which we view as the minimum that the drill results to date are likely to deliver - then that would reduce out price target to GBp11. At 7Moz it would increase to BGp37"

I have typed what is there but can not help but wonder whether there is a typo in their report where it says 'that should be released in 1.65 Moz'- feels like they should have put a date in there rather than '1.65Moz' but I could be wrong.

Dodge - funny - try GBp.... (unfortunately) - lower case and upper case makes a big difference.
ATB

No problem Paddy - just trying spy's solution now - there is a bit to go at with 35 pages.
Just one more snippet from me at this point - they quote a blue sky scenario - where outside of Haverion " a significant discovery at one of the exploration programmes across the Paterson area would be transformational for the company and could result in an increase in our target price to GBP35."

I think that is them covering themselves in the short term for positive news from Scallywag or another prospect.

aidinandabetten - yes it is from the note dated yesterday.
Another interesting part of the note:
The Australian mid - tier domestic gold miners are trading at an EV/oz reserve value of USD 731/ oz versus USD 484 /oz for the whole of the Australian peer group including the smaller operators and global miners.

Hi Paddy - I was sent it from a friend who in turn got it from a broker - it is in PDF format. If there is a way I can get it to you let me know.

So what does the note say - has everyone read it?
A few point to pull out from me:
- 'we initiate coverage at Greatland with a hold recommendation and price target of 22p.
-'we assume a MRE of 3.75Moz based on a brand volume of material drilled out so far of 3.75Mo - with. further 1.65Moz added when drilling of the Breccia Zone is completed in 2021'
-Attributing a value of USD 614M to Haverion and USD 413M for GGP's other holdings across the Paterson region
-main catalysts for the shares should relate to moving `Haverion through the exploration and feasibility process and the company's wholly owned portfolio
-The discovery of a second Haverion style target would be transformational for the company in our view.

My comment - what's not to like? Bring on the MRE and the results from Scallywag!
ATB

You have got to love a bargain!