The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
MH - I think spy was alluding to Berenberg shorting, not GGP
Well it is the New Year sales - extended for another few days while stocks are cleared!
Thanks speedy - I was replying over there to chaseholm who was talking about exiting GGP this year. I set out 16 scenarios (there are many more of course!) and said how difficult it would be for him to get the timing right given the possible newsflows.
Cheers l-a
This is not a GGP specific correction - it is more widespread and the juniors get hit first
My temporary solution is to stop shorting for a 2 year trial period and evaluate and recalibrate. No one is correct but let's see the data and discuss again.
Ernest Giles for me. We have waited 5 years to start drilling and it's lit up like a Christmas tree according to Shaun!
It was Christmas Eve son,
In the Paterson.
My old man said to me:
"Won't see another win."
And then he sang a song,
The Greatland Family one!
I turned my face away
And dreamed of Havieron.
Another owner's gone,
Taken over by Newmont.
I got a feeling
This year's for me and you
So Happy Christmas!
I love you Lifers,
I can see a better time
When all our dreams come true.
We've beer in the Galah bar
And we've got Havieron Gold,
But we've got a district
That is peppered with holes.
When you first brought me here
On a warm Tuesday eve
You promised we'd get to the Tier 1 League.
What a find!
Did a selfie!
Even sceptics weren't sulky,
Shauny Day was a-playing,
We saw golden cores.
Team Greatland on fire
(Though the labs were still dire),
We had copper too in all of the assays
And we danced through the night.
The boys of the Greatland faithful choir were seeing us
Win that day
And the gang were singing out for Shauny Day!
You've no chance!
You've no gold!
A complete waste I'm told!
You're a terrible team and your boss is a meme.
Your Scally is a duster,
All blarny and bluster!
Merry Christmas indeed
As we're stuck at this SP.
The boys of the Greatland faithful choir were seeing us
Win that day
And the gang were singing out for Shauny Day!
We could've been someone
Supported anyone
Not had to base our dreams
On tenement cast-offs
But now it's Christmastime
Your dreams still match my own
We'll get some decent wins
And be one of the best-ofs!
The boys of the Greatland faithful choir were seeing us
Win that day
And the gang were singing out for Shauny Day!
Naphthman - do you have any figures behind your SP prediction. What sort of PE ratio do you anticipate for year 1 earnings?
Itsouthere, aim999, FredDobbs, unimaginative, Tinners and other naysayers: “And what did Greatland ever do for us?”
Paddy: “Gave us world class assets”.
itsouthere, aim999, FredDobbs, unimaginative, Tinners and other naysayers: “What?”
Mushroom Kid: “Havieron’s resource estimate of 8.4 million ounces of gold equivalent?”
itsouthere, aim999, FredDobbs, unimaginative, Tinners and other naysayers: “What?”
All Greatlanders loudly in unison: “The Gold!”.
itsouthere, aim999, FredDobbs, unimaginative, Tinners and other naysayers: “Oh. Yeah, yeah, they did give us that, ah, that’s true, yeah”.
Bamps: “Don’t forget the Copper!”
BottleRocket: “And the brilliant updates every 6 weeks”.
itsouthere, aim999, FredDobbs, unimaginative, Tinners and other naysayers: “Yeah, all right, I’ll grant you the gold, the copper and the updates - the only three things Greatland has ever done”.
sureasblazes: “And the PFS”.
itsouthere, aim999, FredDobbs, unimaginative, Tinners and other naysayers: “Oh, yeah, obviously the PFS. I mean the PFS goes without saying, doesn’t it? But apart from the gold, the copper, the updates and the PFS.…”
Strudel: “The Juri JV and the Rio JV”.
Benrumpson: “A brilliant partner in Newmont”.
VikingShrimper : “The nearby Telfer plant”.
Panama: “Progress on the decline”
itsouthere, aim999, FredDobbs, unimaginative, Tinners and other naysayers: “Yeah, yeah, all right, fair enough”.
Speedymeadie: “And the strategic presence in the Patterson”.
All Greatlanders (except Nevergone, plode, ericeric and other naysayers): “Oh, yeah! Right!”
Dip666: “Yeah! Yeah, that’s something we’d really miss if Greatland pulled out. Huh”.
Napthman: “A £450 million market cap”.
zoros: a very low AISC
TimberTrader: a brilliant 86% conversion rate to Reserves
Tiggerman: “And one of the safest jurisdictions in the world to go mining”.
Naysayers, mostly defecting: “Yeah, they certainly know how to do the business. Let’s face it; they’re the only ones who could in a place like this”.
All Greatlanders (except itsouthere, aim999, FredDobbs, unimaginative, Tinners and the few remaining naysayers): “And we look after indigenous people”.
Tom E : and we are drilling Ernest Giles which is lit up like a Christmas Tree
acechaser: And we have one of the best Boards in WA
itsouthere, aim999, FredDobbs, unimaginative, Tinners and other remaining naysayers: “All right, but apart from the gold, the copper, the updates, the PFS, the Juri JV, the Rio JV, Newmont, the Telfer plant, the decline, the strategic presence, £450 million market cap, a low AISC, the conversion rate a safe jurisdiction, looking after the indigenous people, Ernest Giles and the Greatland Board what has Greatland ever done for us?”
Door4left: “Shaun Day brought in great geologists to take us mining?”
itsouthere, aim999, FredDobbs, unimaginative, Tinners and the
Just a reminder there are only 7 trading days available before 1 January, 4 1/2 this week and 2 1/2 the following week:
Friday 22 December 2023: Christmas Holiday half day
Monday 25 December 2023: Christmas Day - Closed
Tuesday 26 December 2023: Boxing Day - Closed
Friday 29 December 2023: New Year Holiday half day
Hi Bamps - thanks for passing on the news, albeit in distressing circumstances. I am very pleased I was able to have conversations with Geoffrey at Stroud group meetings - a fine individual, softly spoken but you hang on his every word of experience. Very sad day
GB - I think you mean per pound, not per kilo
Hi Loggy - just keep your eyes on the longer term prize. First full year earnings for 2025 should be easily capable of supporting the current SP. Think of that as your safety net if all things go to plan:
3mtpa x 4 g/t (first year) x 30%/31.1 = 115,756 oz
Profit per oz say $1,000
Gives $115m or at least £90m (less a little bit of tax due to accumulated losses)
current market cap = £450m
Gives PE of just over 5
Now that looks well within reach with earnings starting just a year away (if all goes to plan)
Cheers l-a
Viking - MT vessels make the most noise in the case of aim999 and his de-ramping type.
In Greatland's case, MT equipment makes the best finds.
10 million ounces - de-ramp that aim999
Unimaginative - you are sailing very close to the wind in your post at 13.52. I would not be surprised if LSE remove it in terms of defamation rules.
@ strudel - ok thanks for the update. I know we had a big push on here to get everyone to vote last year but thanks for checking and putting me right.
I was very surprised Elizabeth Gaines only received 80% of the vote for her re-election whereas everyone else got over 90%.
On the other hand only 36% bothered to vote which is a shame after last year's big push.
Agree with sentiments, well done Dip doing what you do best - keeping investors informed.
It's what we all want to hear.
Philbrim - you placed a bet here? Hmmm, sounds a bit empty to me. Presumably you had done some background research first though otherwise you may as well have placed a bet on the 2.30 at Ascot?
I agree with what you say about some of the inane drivel on this board though. Sadly it's much like that on other boards. Why it has to be anonymous is a head scratcher though.