Member Info for magictrades

Me too Costa, keep up the good work on the chart side btw :)

That is true, it doesn't always work out which is why its never a good idea to put all your eggs in one basket

Thanks Monty, glad you like them. I wish I had the time to do more of them

I think anybody who did not sell in the 30p+ range, trader especially, will be feeling rather negative right now. I agree with you there Freddie. There's an old saying in trading circle "A trade should never become an investment". I'd argue the same is true vice versa in alot of cases. The main difference between the two schools are risk management. A trader normally is in for a shorter time frame and should be managing risk more strictly. For example as a trader if you were looking at GGP now for a 20% gain, you might put a stop at 10% to achieve a 2:1 risk reward. You do not buy more when if goes 10% down, you get out. An investor often will buy more because its cheaper and if the fundamentals haven't changed. Or they won't care about 10% and the noise of the market because long term they hope to gain 100% or more. So I think there are big differences between the two in my view

I'm in the same boat as everybody else in that i'm down significantly in terms of % on GGP. I consider my position long term and I believe that Havieron will speak for itself as more ounces get added in updates going forwards. The feasibility study in Q4 should hopefully be a big box ticked for institutions so they may get involved. I also feel as though GGP is a good T/O target given its asset and normally the big boys don't like to share. However I understand some do not share the same viewpoint and that's fine. The technical chart for GGP is not good and the SP has definitely took its toll on some. I have seen a few posts today pointing fingers at other posters for their contributions. Claims of ramping among other things. If anybody would like to take aim at myself for my contributions for any reason at all, feel free to comment below. I'm open to hearing any concerns, criticisms or praise if you like that you may have. As my title says, its a no agenda discussion

Magic

It's always interesting reading alternative points of view. Sometimes people point out things we haven't considered before and in many ways we become more well researched if you know how to contextualise things. I've raised the same point about get rich quick vs long term hold in the past that the original poster makes. My angle was more along the lines of what sort of trader/investor you are and what risk to take on since there is a big difference between a long term hold vs a trade. I also think it would be nice if the directors did purchase more shares, its always a vote of confidence for sure but I don't consider this to be a major concern right now. I think institutions are waiting for their "list of tick boxes" to be checked before buying in. From what I know, its rare for any to put money in when a feasibility study hasn't been done even though the project is largely de-risked. Therefore the only institutions in us right now are on the short side and we have numerous threads discussing what the motives behind that are.

Where I deviate slightly is the undervalued argument. If someone is a long term investor, especially a value investor, then of course you are supposed to look for businesses that by your judgement/calculations are undervalued. So if GGP was not undervalued right now at 11.5p but a person held shares in GGP already from some time ago, then why would a person hold onto them? Why would they not sell up and move their capital to a better opportunity? The logic doesn't really make sense. In my view, GGP is undervalued depending on how many ounces of gold we eventually define in the ground. That's a matter of subjectivity but looking at the continuous outpouring of positive drill intercepts, expecially the eastern breccia, I feel very confident it's more than what the MRE is and what the brokers are basing 20p+ targets on. So if I put my value investing hat on, then no doubt this presents a great opportunity if I can hold my shares for a long duration (as the original poster states).

I'm not going to paper over cracks, the current SP is awful and the technical chart has been terrible for over a year now. From a chart perspective, we should have been gone last November. But many of us remain due to the fundamentals at play here. Many great stocks and investors have been -50% on positions before making great sums of money. So lets hope that happens here aha

My theory right now is alot of the 2020 new retail investors/traders whatever you wanna call them are leaving the markets because they realised that the easy money has been and gone. Equally, institutions have probably reduced holdings and some may have gone short (as we know very well here). I don't think its an exaggeration to say we're in a bear market. Only oil & gas plus a few fertilizer names have really done ok in this environment. But gold and mining should have its day in the sun based on what investors typically do in tough times. Dip has provided some good links to information about GGP. The fundamental picture hasn't changed too much here at all, its just the technical chart looks rough right now

Hi Kempey

Whilst your point on staying close to infrastructure is certainly valid, I would be inclined to stretch that comfort zone a bit and try to establish something at EG. My first priority there would be to generate a discovery. Then you could look at options for milling which may take a partner to come on board to fund. OR if you wanted to, you could simply sell on the project which is what a lot of junior companies try their best to do. I guess my main reason for heading out there is because I think the Yilgarn is one of the best provinces in the world for gold and we have at least some data showing there could be something there

Normally with these grants, the GSWA like to get something out of it. Typically its data for the regional geology because its not very well known since its under cover. As a result any work undertaken, when completed, becomes published in one form or another. Either as part of a larger piece of work or sometimes standalone reports or journal articles depending on what is found. Certainly the drill hole information will be published on their database online.

All fine suggestions. My plan would be a 60:40 split between Scally and EG. Scally like MH says has the best infrastructure already close by and is near to the best ground so to speak. We've also defined targets there and have a working model in which directions we need to drill in order to find the possible intrusive centre. However, EG has had work done on it in the past and has shown good promise. In fact Newmont only walked away because the Australian team couldn't get the budget off HQ in Canada because they wanted to focus their efforts there. That's what Shaun said at the shareholders meeting over lunch. Orogenic gold is the king in the Yilgarn where EG is located so I think it would be worth sending over a drill rig or 2 there to get exploring there. That's the way I would do it

So you would sink all the holes up at Scally? Would that mean you would look to offload the other projects? Some would say a condensed portfolio is better and easier to manage whilst others would argue to keep them for the additional value they might create

2nd post today. Bit of fun but imagine you are Shaun right now, running the show. You have the budget to go drilling at any of our 100% targets. Lets say you can drill up to 10 holes (easy number) and can either do all in 1 or spread them out over several. Each hole can run lets say to 1km depth. Which do you choose to drill and why?
1. Scallywag
2. Ernest Giles
3. Panorama
4. Bromus
5. Tasmanian assets Firetower & Warrentina

Rudall & Tabletop have ownership pending so not counting these yet

As the inflationary narrative or truth kicks in, gold should hopefully rise and provide a nice sector for investors to put money into against the rest of the market which looks increasingly bearish. Greatland should hopefully benefit from this given its excellent Havieron asset and growth potential. If I was a new investor, i'd be searching for what company possesses the best asset, growth potential and exploration upside. GGP ticks many of these boxes. Even if you take the broker notes at face value, that implies an almost 100% gain from these levels. I know many here are targeting higher than those estimates. Its going to require patience as we all know but I think the story speaks for itself here and as the value unlocks over time, I think those who have kept some in their drawers will thank themselves for it later on

In terms of the other explorers in the Paterson, Rio Tinto with Winu and Antipa with Minyari are the only real credible Au-Cu finds outside of Havieron. Until the others find something of note, they are essentially nearology/piggyback plays. Not really the space I like to operate personally.

Cheers Josh, good to have you at the table. Presentation went very well thanks :)

Nice summary Jerry and thanks for asking your questions. Also I have to applaud the impeccable attire you were wearing ;)

It was a pleasure to attend the shareholder meeting yesterday and meet everybody in person. Even the sandwiches provided were half decent. Shaun presented very confidently and I was happy with the vast majority of the answers. I manged to chat with Shaun in the crowd after the event yesterday. It's quite rare for a CEO to offer up time like this in my view and I felt he was both honest and respectable to everybody that spoke to him. Exploration wise we are hitting the Juri JV area first, followed by Scally again and then Ernest Giles. If it was down to Shaun, he'd do Ernest Giles first but because of first nations agreements needing to be completed, this has to wait.

For Scallywag, I am not expecting to hear anything until after the next drill campaign. There really wasn't any new information so I am taking that to mean the "outstanding assays" were similar to the ones we already have. Shaun explained that the technical approach GGP like to employ is to drill 1-2 deeper holes, assess and then go back. This is an approach I agree with since you need to understand the stratigraphy and structure - a better and more cost efficient approach than sporadically punching shorter holes similar to Antipa. He said the targets they have they are excited about so I get the impression they will use the first set of data to move closer to where the ore "should" be. No guaruntees so we will wait an see what happens.

For me though the best part was about the E breccia. Shaun could not be drawn on what's in it as its clear it is confidential. I stated to Shaun that I am interested in this deposit "academically" because "I do not know many deposits where you have two different systems next to each other". Shaun replied that the E breccia has a different geochemical signature, that it has copper and gold and to watch this space! All with a smile on his face. So i'll let everyone be the judge of that but to me, it kind of confirms my feeling we have two different ore systems here potentially including a certain metal that was banned from trading on the LME because it got too out of control.

I think others have likely gone over the 5% stuff. In my view, Shaun has demonstrated he has the shareholder interests in mind and he is committed to transforming GGP into as a he put it "a multi-mine, multi billion dollar company". An ambitious CEO with a good reputation to boot is only a good thing moving forwards so overall i'm very pleased with what I was hearing yesterday

Given the absolute madness surrounding Nickel today and to be honest all year (if there was a metal of the year award it'd already have won it) I believe it is essential we get clarity from NCM regarding the Ni tenor at Havieron. Regardless of whether it can be processed at this moment or if it's economic, it adds to the story and could end up attracting newer investors. The idea that Ni could end up being a saleable byproduct adds to the value here and might be a catalyst since some investors don't put money into gold but do put their money into "critical" metals. In my view there is no reason to withold information on Ni and in my view should be reported in the intercepts table (where significant). Just my 2p worth there

Thought i'd grab some of these today seeing as Nickel is "metal of the year" so far. I remember researching these a while back and always thought the Araguaia and Vermelho projects looked good and since that research, there's been steps forward towards getting into that all important production and establishing a mine. If the world wants to avoid using Russian based materials, well there's a big nickel boat to fill seeing as NorNickel is the world's largest producer as of 2020. I've been keeping powder dry for the past few months waiting for something to come up that may be profitable and not get smashed in this current market. Hopefully this is in the throws of the 2nd (and larger) uptrend within the lassonde curve. ATB to everyone here on the board, let's hope the momentum continues

Apologies I couldn't make the GGPHelp tv live show last night. But I have read the RNS and I'm very pleased with the numbers on show in particular the Eastern Breccia with hole HAD104. The Eastern Breccia is showing real signs of promise with very good intercepts and showing mineralization on the eastern side of the dolerite dyke for the first time I believe. More intercepts in the South East crescent deeps target too just keeps reinforcing the mineralization outside the MRE shell and it is only a matter of time before we will see an updated figure on that.

The Havieron North hole hit "Havieron style" alteration. So not the clean hit we were all hoping for but I'm quietly optimistic that Havieron North may be the alteration footprint around the Zipa target. We have two holes awaiting assay there so we will wait and see. Next up we should have some closure on the MRE 2.0 and the 5% valuation to come. So i'll be staying nice and patient awaiting those.

Main take home for me is that the Eastern Breccia is seemingly becoming a separate trend of mineralization. I believe there has been some talk surrounding Nickel in the chat here, I haven't been here that much. I remember that being talked about a while back and I vaguely remember Shaun briefly mentioning some present. I would really like it if GGP and NCM could start to report on that in their reports. Nickel is absolutely flying right now as a commodity and I think it would be prudent to talk about it as it may just garner more attention to us as a company/stock.

Cheers
Magic