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Lot of very short term trading on 212 buying in small blocks and dropping the lot for £100 profit etc which is fine and for some traders 2 or 3 trades like that and they can exist reasonably comfortably. I prefer 2 or 3 more 0's on the end before I sell. I don't like shorting but as Sonny says it really shouldn't affect the LTH. On all the evidence GGP is an exceptional investment in the making.
Manipulated definitely and I would love to know by who and why. With all the positive info coming in on a regular basis this should be in the mid 20's. For me the current situation is as illogical as this share reaching a 1billion MC on an unknown potential.
Morning Zoros....thanks for your response and all points accepted. I think as TimberTrader pointed out the Pre-Feasibility & Feasibility studies are requisite parts of the JORC Code. Effectively compulsory as well as good business practice!!
TimberTrader....thanks for the link to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. I will have a skim read through it at some point.
Zoros...normally I would agree with you and in 99.9% of cases you are correct but ..
'.Pre-feasibility study is a preliminary study undertaken to determine, analyze, and select the best business scenarios. ... If the selected scenario is considered feasible, '
They have already considered the project feasible by starting the decline which indicates, I believe, a decision to mine. They also already know the best business scenario given they have been working in the area for years. They have already stated how they are going to mine it, how they are going to process it and I wonder if they need to produce a PFS. Having said that Greatland have said they will produce one, by December, I believe.
Razmendo.....I understand what a MINING Engineer is. That's pretty obvious. 'Group' implies more than two companies though unless Shaun is going to separate out the projects as independent companies within or under the Greatland name. At the moment we have 2 JV's so two companies working together which do not constitute a group. Appointing a 'Group' mining engineer implies structural change or an acquisition which would be interesting to know about, as an investor. Otto looks a good appointment though given his local knowledge.
So is he a Greatland appointment, a Newcrest appointment, a joint appointment. Group suggests more than one company. Greatland have a joint venture so where does the group come in? I can understand it if he's a Newcrest appointment but not seen a notice from Newcrest about the appointment. Does Joint also mean group in this context? Just wanting some clarity. Looks a good appointment though, plenty of local experience.
Just watched the video and was very impressed by the focus on Haverion in the Patterson region. This is clearly a very exciting find for them and its clear they feel confident that there may be other similar clusters within the Haverion footprint. It seems the deeper they go the greater the % of gold per ton. I wonder how far down they can go in reality. The new on site lab based Assay technology will be a real boon to inhouse operations though institutions will still want independent analysis . Shaun Day knew what he was doing taking up the helm at Greatland with such a strong rel;ationship with NCM. I'm very confident that this is a unique opportunity for investors over a 2 -10 year period, if not longer.
They bought to a formulae which hasn't worked out for them yet. It will do in due course. All the signs are there of a Tier 1 world class deposit which will pay dividends (excuse the pun) in due course....within 5 years but we should see solid movement within two years. The move from 20p to 38p was IMO well over bought. We should see solid, sustainable moves upwards after the next set of results and the PFS.
Agreed Topturf ...... I also think negotiations are ongoing. The strategy and course the management is taking is just what I would expect a competent, experienced CE) and BOD's to take.
I'm not a fan of consolidation either but in this case it makes sense. Where l've experienced it before the company has been struggling financially, struggling to get their asset to market or been badly managed. The share has been been constantly diluted through placings to the point that its almost worthless. This is not the case with Rambler, they have sorted out the main financial problem, they have the asset in abundance in an ascending market, they are getting the product to market for which there is great demand and although forward sold at lower prices the next sales should be at a much higher price.. Consolidation here should not mean a drop in share price. 0.40p should stay at 40p or thereabouts. There is no reason to fall much lower apart from market sentiment and this will only come from the PI's who are risk adverse or who bought in expecting a quick rise. This was never going to happen given they have to bring the mine back into action. As soon as they do this share will move solidly forward in my opinion. IMO todays RNS was very encouraging and reassuring as to the asset we have and the quality of the management team to develop that asset.
Shame the word depletion has negative connotations but in mining it simply means 'that which has been mined or extracted'. 1 oz of 1m oz of gold mined means a depletion of 1 oz. Not sure why they really need to use the term at this stage. Better saved for when 50% is depleted or has been mined leaving 50% reserves.
Mike...I guess they're hedging their bets as they can't guarantee the current prices will be maintained. All the economic evidence and forecasting says not only will they be maintained but they will increase. Very encouraging!
Long term metal prices used were USD$2.99 per pound copper, USD$1300 per ounce gold and USD$17.00 per ounce silver with a long-term USD/CDN FX rate of 1:0.80. Very conservative prices!!! A very encouraging RNS!!
Interesting comments and already in Labrador, Canada so must be aware of Rambler. Rambler is probably the right size as well and currently 'cheap as chips'. I'd be surprised if they weren't having a look.
What about annual operational expenditure?
Just listened to the presentation. Interesting answer to the question about M & A's. Said NC's balance sheet was strong and that if the situation right & in their interest then he wouldn't rule it out. Having said that he said they stand by agreements. Liked the way he talked about the potential of Havieron ...possible Tier one or if not high Tier two. I got the feeling he was playing down the potential although he did speak about Havieron a number of times and did seem quite excited about its uniqueness and NC's ability to bring different mining techniques to the three different types of deposit. I think it will feature more and more in his presentations as the MRE grows.
Letter from my bank says;
' subject to shareholder approval at the AGM to be held on 26th May 2021 the company is proposing to consolidate its shares'
1 new ordinary share for every 100 ordinary shares held. Much better arrangement than the 10 billion plus in issue.
Thanks for putting this up Lowtide. Very interesting article but tends to look at historical issues and the impact of banking decisions.. Does not address the fact that we are moving into a new era of electrifying vehicles and there will be a major shortage of copper causing a massive hike in price. I don't think banks will be able to control the price unless vast new mineral reserves are found.