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Worth revisiting the Investor Meets Company webinar with SD on Tuesday 20th June 2021.
For those that haven’t listened, some key content and time stamps below.
Referring to Havieron drilling at 10:08 mins in;
“It’s amazing just how much fun people are having in that core yard. Every day, you know there’s intersects coming in which the geologists just love mapping, love interpreting and you know, it’s an exciting asset to be part of.”
More on the core yard exciting results and growth drilling at 34:55 mins in;
“Being in that core yard and you can see it hasn’t been laid out especially for you because it’s uncut yet and it’s straight off the trays and some of the intercepts (some of the core) you can visually see there is interesting stuff. It’s very positive and you only know what it is once you’ve got assays. It’s really pleasing to see the kind of mineralisation that we want to target and that we want to hit.”
So visible mineralisation in yet to be announced cores, that will have been supported on site by Truscan. No wonder SD has repeated on this presentation, the Proactive update and follow up Proactive Q&A that every drill / every hole punched into the orebody……hits mineralisation and that he expects Grammer of gold per vertical metre profile to grow to show the great grades at depth .
Nothing is “wrong “. The valuation will catch up with the gold as the gold is unveiled by the drills, the drill density increases to meet the standards for the resource estimate to move up to indicated etc and the PFS is produced ( SD red’s to Sandeeps’s date as “Oct or Sept”) and he also red’s the DFS as “early 2022.
ARoberrs1 - new arrival and early doors providing critique of Zoros’ work.
Perhaps you would care to produce your format of comprehensive forward looking events. The required research would certainly mean you will need to ask fewer basic questions and queries.
Agree with Spy.
Tier 1 orebody (TBC formally but all the drills and comments point to this) in a Tier 1 jurisdiction ( not up for debate) with as Tier 1 JV partner ( again undoubted ) and all the progress to date achieved in a Tier 1 pandemic.
NMC board signed off $140M+ for portal and decline pre PFS - anyone who has operated at any level of seniority in a large corporate and tried to secure £1M+ funding will understand the level of confidence and conviction -and the weight of evidence required to secure that level of funding.
From a Telegram group poster. Nail on head for me…
“ My sense on GGP is that there is , in many minds, a disconnect centred on the expected frequency of news/fresh strikes/TR1/etc etc .
Havieron is way ahead on timescale versus industry norm and yet there is a constant pressure for more/faster.
The facts are strong and steadily improving - I won’t bore by listing them all as we pore over them intraday.
I sense next move will be measured in months not days or hours.
PFS, updated resource figure, decline hitting orebody etc all in Q4 to 2022.
I would love a left field bidding war or fresh strike. I am not invested for that and hence my hold/ add is based on the months/quarters progress timeframe which, in its self, is super fast for the establishment of a new Tier 1 mine in a Tier 1 jurisdiction with a Tier 1 JV partner during a Tier 1 pandemic.”
Hi Bamps . I can’t get the LinkedIn profile up - can you summarise what was interesting please?
Agree Paddy.
The key for me is to shift from expecting each update to be new news and to listen hard as there are plenty of gems in the language used re how to mine rather than if to mine/ progress on metallurgy studies confirming “sweet feed” for Telfer and ESG work highlighting v low Carbon mine ….
Not new slides but joined up with NCM re the phraseology “North West corridor” and priorities - going after the SE crescent at depth, looking to join up the NW corridor high grade finds and excited by multi hundred metre intercepts in Eastern brecia at 2g/t+.
Referenced studies confirming low carbon impact of the u/ground mine of a very compact orebody and that the work is v promising re the gold/copper mix, SD stating that a few tweaks to Telfer mill will be required but will be “a really sweet feed into that Telfer mill”.
Oh and market expectation is increased resource estimate by end 2021.
All good.
Are you saying news in addition to this presentation Spy?
GGP 2.36 days looking fine
Hi Zelos re days to cover….
“ Days-to-Cover Ratio
Finally, the loan days-to-cover ratio is also worth analyzing when examining short selling data on a stock. This indicates approximately how many days it would take short sellers to cover their existing positions. It is calculated by taking the number of shares that are being shorted and dividing this by the average daily trading volume. For example, if one million shares of a stock are being shorted, and its average daily trading volume is 200,000 shares, the days-to-cover ratio is five.
A high days-to-cover ratio tells you that it will take short sellers a long time to unwind their positions if the price of the stock suddenly rises. In other words, there could be a significant short squeeze. By contrast, a low days-to-cover ratio tells you that short sellers could easily and quickly cover their positions if the price of the security was to suddenly rise. Generally speaking, a days-to-cover ratio of 10 or higher is considered high.”
Ignore the??????? at the end - I was attempting to paste emojis!
On the scale of 1% for Apple to the example quoting 99% as high demand for shorting I wouldn’t be perturbed by GGP 13%. No rapid rises evident and approx 1% of free float.
Think this is a red herring.
Time and the drill bit will see the SP rise and all the cores to date are hitting significant mineralisation ?????
Utilization
Another metric to focus on when analyzing short selling data on a stock is its utilization rate. Utilization is the number of loaned shares divided by the available shares in the securities lending market, expressed as a percentage. Essentially, it is a measure of demand for shares from short sellers. A high utilization rate can be a red flag because it tells you that demand for the stock from short sellers is elevated.
Like short interest, utilization should be analyzed on a relative basis. A large-cap stock that is very liquid, such as Apple, may have a very low utilization of less than 1% because the stock has vast availability relative to the demand to borrow shares from short sellers. By contrast, a more illiquid stock, such as Skillz, might have a very high utilization of 90% because of high demand from short sellers relative to the number of available shares.
Utilization should also be monitored over time. That way, trends related to demand on the short side can be analyzed. If a stock’s utilization is rising rapidly, it is generally a bearish signal.
Interesting part of GGP RNS…..“Drilling since May 2019 has outlined an ovoid shaped zone of variable brecciation, alteration and sulphide mineralisation with dimensions of 650m x 350m trending in a north west orientation. Breccia mineralisation has been identified internally and externally to the Crescent zones, including targets which remain open to the east, northwest and southeast. Mineralisation has been observed to greater than 1,000m in vertical extent below the around 420m thick post mineral cover sequence and remains open at depth. Within this ovoid shaped zone (at this stage) exploration has identified four key target regions, which are:§ South East Crescent and Breccia§ North West Crescent§ Northern Breccia; and§ Eastern Breccia”“Within this ovoid shaped zone (at this stage)”…….Lake Havieron / adjacent zones etc etc - maybe the long seen and familiar oval with be changing….?
In his Proactive interview SD references several times that these will be in the next report.
He repeated the “every drill hits mineralisation” statement.
We know on site core scanning is in place for early insight into what the current drill holes are hitting.
Prior Q&A SD stated daily excitement at what is seen on site at the Havieron core yard.
I am continuing to hold and add on dips.
.
https://www.mining-journal.com/resourcestocks-company-profiles/resourcestocks/1414139/greatland-sitting-on-potential-world-class-mine
From this article…..”Greatland is currently in discussions with a combination of Australian and international banks to secure the remainder of its share of the funding. These talks are yet to be finalised but "have certainly been very positive" so far, according to Day.”
Mmmmm
His role is ensure the company generates profitable growth compliant with the regulations of his industry and stock market
Jesus
Viewed and saw sea of de rampers vs ramper posts.
Nil facts.
Duelling - handbags at dawn.
Logged in.
Green boxes.
Back to dealing with the facts.
Cover is your friend (SD).
Time is your friend (investing 101).
Gold doesn’t disappear.
Core yard excitement abounds (SD referenced today).
Roll on tomorrow and subsequent official and evidenced updates.
Strudel just teaching you to fish……