Member Info for kempey

Yes 3.5p to 5p very realistic and possibly slightly more if new seams are developed, production ramped up and copper and gold prices keep rising. This looks a good investment to me.

Magmanus...I may have misunderstood. I think you were talking about the price of copper. That's me with one eye on the film and one on the phone!! Should really be doing one or the other ..not both!

Magmanus...that would make it a £28b + MC which is not realistic by any stretch of the imagination unless there is a Tier 1 deposit and even then £3.50 a share!!!

Backspace57.....ah, hadn't clocked it! Surprised this hasn't moved more but just taken another million shares. Has to be a 2021 share to have given the rising price of gold and copper in a world of financial turmoil.

Backspace 57.... what was the advantage or logic to buying so many in £100 lots or was it just as money became available. Were you offered a better price? Just interested in such a strategy.

Not sure about ECR but RMM is so undervalued as a producer of copper and gold. I only found it a couple of days ago and bought straight away.

Agree MC is what its all about. GGP are not even producing and yet over a $1b MC. Rambler is producing. Just need to sort out rate of production and this will be up to 2-3p in no time.

Hi Bamps21

Yes I can see that but only if Greatland are going into mining themselves. With what will be 25% of Havieron, Newcrest will drive the mining aspect as they have the expertise and majority share. Our other tenements are very much at exploration stage and so I can only assume there may be an intention over the next 5-10 years to mine Scallywag which we have 100% of unless the offer of a JV is too good (that's if SW is as good as we hope). I can see SD's experience being important in that case and Gervaise lacking in that experience.

Really pleased for you WF. Enjoy it when it comes!

May be a longshot but is it possible that Shaun Day was a NC appointment. No posts were advertised, no leaks of changes at the top and I'm surprised Gervaise would want to stand down at this point in GGP's development. If they intend or are discussing a T/O or buyout it would make sense to put your man in prior to such a move. If Gervaise has been given a very nice package to stand down plus his shares and options then I can see that being tempting to him. Has anyone found any links between NC and Shaun Day? Just seems very strange to me as NC get more involved in Greatlands assets that a sudden change is made at the top removing a very successful CEO.

....into the rise each time. Does anyone have any idea of the size of the overhang?

If they JV on Scally they might as well take over the company. They have 2 JV's already with GGP.

for the first treeshake. They need the shares!!

Ramblers assumptions are based on a copper price of less than $3 a lb. Today's spot price is $3.55 a lb and increasing.

Nearing $8000 a ton

Yes thats my estimate also 2.5p to 3.0p should easily be gained and doubled the following year if Gold & Copper prices continue to rise as expected.

Interesting thoughts from 'Bamps' on GGP board who I have a great deal of respect for as an analyst ;
' I haven't the relative figures to be able to provide a Net Asset Value per share based on 40 years inflation. What I do know is in the years to come Gold finds will become smaller, the norm will be 1m oz or less. The large finds might never be repeated, gold will become rarer and more expensive. At $1,400 an ounce should leave enough headroom for $500+ AISC.
Experts are forecasting $5,000-10,000 an ounce in the next few years , copper is shortly to reach it's all time highs and become rarer. Globally we need 2 copper mines every year of 500,000 tons pa to meet demand, that isn't happening. Mines with a Tier 1 gold asset and a tier 1 copper asset are not coming on the market. The NAV value will increase accordingly'

Given Rambler is already in production and the company refinanced albeit through placing funds all augers well for the future With assets of £3.2B of copper and £500m of gold potential and a relatively new 'turnaround' CEO in charge I cannot see why this company cannot, with skilful management return at least 10 times the current share price within the year. Even then it would only make the MC $230m which is still a tiny MC for a gold/copper producer today. I haven't researched enough to work out the complexity of extracting and processing the minerals and costs but given it is a working mine the basis to the operation already exists. My understanding historically is that the problems were financial as opposed to the asset not being extractable. The board have addressed this issue albeit diluting the hell out of the share but hopefully it gives the company a new start.

Droverman...I sympathise. I have a few like that in my bottom drawer. I'm not selling any GGP . I would have to be desperate to do that. Its wiped out all my losses in the last 10 years and left me with plenty.

Lenz...that was my thinking plus a £3.2 Billion copper resource, £500M of Gold and yet only a £23m MC. Debt almost paid off, production to Increase, New jobs been advertised and newish CEO is turnaround specialist. Could be a target for a takeover and at 0.28p a possible snip. The fact that they are producing and in a safe, stable environment is a big positive.

My error ..... reading on I think it refers to a tech stock!