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Afternoon Bamps
Keep up the good work but save your energy for your thorough research and thought provoking/educational posts rather than responding to posters looking for conflict.
Just scanned rbrand’s post history and he looks like he could make two stones fight as a mate’s gran used to say of argumentative types.
GGP represents 90 per cent of Starvest portfolio value. See their half yearly report RNS issued 18th May this year
cjmorley nice to see you offering advice to Costa re how to post.
To use your own sage advice “It’s not too hard”……to spell random.
On my last point DSCanvey no longer visible.
I don’t mind an entertaining or creative bear prodder but make an effort please….
Hi Bamps, good to see you posting mate.
You don’t need me to point out (but I will).
You are a high profile poster who;
- takes considerable time and effort to research in order to form your view
- is transparent in sharing your rationale when posting your view
Sadly there are posters who are either unable to engage in civilised debate, accept and explore different views with the aim of all parties at least understanding one another better or seek to provoke argument, sow doubt or disrupt.
So back to my original point - do continue to post but please filter the so, so obvious players with questionable agendas.
Hopefully your succinct top line summary quells further circuitous exchanges, thank you.
Are you in the telegram group?
Mumbo_Jumbo
The price that will be required to secure an additional 5% of Havieron looks likely to be determined by an independent arbitrator using the Valmin Code.
NCM of course can decide whether or not they pay that price if that is the eventual route the negotiations take ( likely given the vast difference between NCM’s starter mine PFS resource figure and GGP’s MRE v2 figure plus the POG each uses.
Importantly the price for the +5% should not be confused with the valuation of GGP - there are a number of broker notes which set out in detail hake those analysts arrive at their mid 20s pence per share valuation.
IMO that figure will move up as POG rises which looks most likely scenario given the macro picture and given the drill result picture the asset at Havieron grows (Sandeep was explicit in stating this as his view on the Bank of America call earlier this week).
* Prediction….and derampers please copy
Agreed Paddy and members here who are in the GGPHelp Telegram group will have seen really positive posts calling out the improving ground in the decline which is resulting in increasing length of cuts and whole cuts now made (prior they were made in several bites due to soft ground).
From start of the decline (12/05/21) to latest exploration update (20/04/22) the progress was 313m in length. This equates to 0.9M per day.
Prediction …. Sand derampers please copy this post for us to “chat” about after the next update…..the progress from 21/04/22 to the next update will reflect the increased cuts and “near perfect ground” they are now in. Take that to the bank.
Aquakid…..
“….. why not sell now you say ,we’ll if I knew the bottom guaranteed, I would.”
Ignoring the punctuation/typo horror show in your posts….if you knew the bottom was guaranteed you would sell?
Bottom guaranteed means (literally) the only way is up.
Yet this is the scenario that would induce you to sell?
Dear me…….
Latest of a number of updates on decline progress by poster on Telegram…
Update just rec’d from the decline….
“Hopefully it stays away this time .The
ground is becoming more competent each time we cut so hopefully we can start taking longer cuts soon”
FYI * “Hopefully it stays away “ refers to my health as I had covid then had a bit of a relapse.
Agreed Paddy.
A measured update but one that saw SD’s enthusiasm bubble just below the surface.
Clearly comfortable as we approach the independent arbitration phase of the 5% which is IMO now nailed on to occur as SD was explicit - unless both parties agree to amend the agreed process;
- the valuation is at 15th December 2021
- NCM are working off the PFS ( and use lower Au and Cu price assumptions )
- GGP working off their MRE update figures from early Dec 2021 c. double the resource of the PFS and will higher price assumptions
Will deliver considerable cash injection, clarity re ownership split and clear the decks for bank finance which SD has already confirmed as being well progressed.
Third leg of the stool…..inorganic growth - possibly a small producer? Who knows but if so that transforms GGP into a miner well before the 18month window he quoted for Havieron first production and possible GDX inclusion.
My favourite point was the repeated reference to base metals and “ future metals”. Would you bet against nickel? If so bloody well done Hydro despite appalling slating, he has stuck to his guns on large nickel presence at Havieron.
Finally from other sources… decline improving and soft ground changed from all the ground being mined(early stages) to “patches here and there” ( where they are now).
Is out
Positive news ……..
“the digging is improving down in the decline, they are finally hitting some better ground…….”
From Telegram…article posted on LinkedIn;
https://work180.com/en-au/blog/graduates-excelling-at-newcrest?utm_campaign=employer_story&utm_content=newcrest-miningthree_apr22&utm_medium=social&utm_source=linkedin&hss_channel=lcp-79083162
From the article………..
“Rebecca Allan is an Exploration Geologist. She’s been with Newcrest for two years, having joined as a graduate in January 2020. Her experience has been nothing but positive.”
“Rebecca is excited to see the Havieron deposit grow, and what they might find in exploratory drilling around the area.”
I am very confident it is accurate.
Posted on Telegram…..
“ Ground conditions in the decline showing positive signs with parts of the ground now starting to harden up.”
Agreed Paddy …….key element for institutional investors.
Also good to see at least one comment on good news!!!!
This was posted on Telegram this morning…
“ Update on Sustainability Report and a bit on SD in London. From Investibility ….
“Hi ***
Thanks for your message.
I have spoken to the Company and they inform me that Greatland Gold’s Sustainability Report has been completed, with finishing touches now being added and due for release shortly.
I know Shaun Day had a very productive first visit to London as Greatland Gold’s Managing Director, since Australian border restrictions had opened. He was able to meet face to face with a diverse range of shareholders, personal, private and institutional investors during his visit. He is looking forward to returning to London to continue the positive momentum from these meetings.”
Saxon re your post of 16:56 where you said “…. nobody wants to answer.
The only person apart from CJ so far that’s replied with info is Hydrogen. Maybe some of you could do well following his/ her lead when a new person asks a question.“
I have replied twice. I appreciate you not responding rudely to either of my posts, however I am surprised that you seem to readily engage in conflict with posters whilst not responding to the help you requested.
For ease, my 2 replies to you;
(1) “Saxon you seem stressed mate.
Chill out and do a bit of research leg work.
Say type in “GGP news” or “Havieron news” and I don’t think you will find any negatives but will see many articles, links to interviews and presentations by Shaun Day (oh, apologies… he is the new GGP CEO and took up this post after both you and Gervaise Heddle left) and Sandeep Biswas ( he remains the NCM CEO - same as when you were invested). Plenty of regulatory and investor updates on both GGP and NCM websites setting out over 20 sets of very strong drill results and infrastructure progress.
If you find a negative I’ve overlooked pleased let me know.”
(2) “ Saxon.
I took the time to answer you.
You just need to take a bit of time to do your own research, especially in light of your concern over the SP.
For a previous investor who is contemplating returning it is odd your first few posts are so confrontational.
Best wishes and good fortune with your research/ where ever you choose to invest your funds.”