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They're two different sizes, one on the right is larger.....

Willem says:

Great example of the current undervaluation in mining:

Greatland Gold (GGP) just completed buying the Teller Gold Mine from Newmont. Building a plant like Telfer, 4th largest gold mine in Australia would cost at least $2bln)

Why?

They made the huge Havieron gold-copper discovery right next door. It’s the second largest gold(copper) discovery in Australia.

(Almost as large as DeGrey’s Hemi discovery. Northern Start tries buying it for $3.2 bln)

So GGP owns assets (valued according to comparable) worth $5bln

Today’s Market Capitalization is still sub $1bln

Telfer Mine: Value $2bln

Havieron Project: $3bln

(And huge land positions in the Paterson area)

Outlook:

They might see a revaluation when they will get a second listing (ASX-Sydney) in H1 2025, and Q1 numbers will start open some more eyes.

Disclaimer: GGP is our second largest position, we own almost 0.5% of Greatland Gold

Hi Bamps, I was just eyeballing the bars and weight is difficult to guess without scale, but notice the graining in the bars and scratches on the table. They aren't very big imo.

The RNS doesn't state they are Dore bars unless I missed it? As I said, a great day for GGP.

So a quick google of ISS suggests to me that they have been paid for this opinion to support their 'client' boohoo. They are also a house for proxy voting so perhaps even approached boo due to their ability to see the way voting is currently going......I maintain that this is desperation from the bod and while DF may well be a good candidate as CEO, the puppet masters need their strings cutting!

I don't think they are very big bars otherwise they would have given a weight or a reference for size. Perhaps 10oz each?

Doesn't really matter, the point is that they have made a first pour! Congratulations GGP, first pour on day four of ownership.

Desperate and clutching at straws. Who the heck are ISS? The management here have brought this upon themselves. Next 11 days will be interesting 🍿.

Interesting to note some big buys yesterday printed after hours.

I went back over the 1 minute chart from yesterday to check the prices of the trades and they do appear to be buys.

Same dilution as everyone else post deal completion. TR1 is notifiable on % changes. So wyloo not sold but diluted.

No stamina

Must be David Beckham selling

De Grey ( a good benchmark perhaps?) have 1.93bn. But I agree the likes of Lloyds etc have more than us and I would prefer it if we do not consolidate.

Will UK follow Europe?

The European Union is considering measures against the large influx of goods from big Asian online retailers, the Financial Times reported on Wednesday. According to five people familiar with the matter, the EU is looking into imposing taxes on the companies' revenues or an administrative handling fee per item to make their low-cost products less attractive to customers.The report quoted European Commission Executive Vice-President Maros Sefcovic as saying that 4 billion packages from Asian e-commerce firms are expected to arrive in the EU in 2024. Most of them are not checked because they are under the €150 threshold for custom duties, although the EU would not have the capacity to check them all even if the threshold was scrapped.

Clearly the Kamani's are poor at strategy otherwise they wouldn't have allowed MA to build such a big shareholding. They could have defended against it but did not. They have made a huge sum of money from this business and taken their eyes off the ball while lording it up in Dubai.

Snooze you lose suckers.

Hopefully they drill deeper!

I think MM's looking for shares. SP all over the place, +20% (0.065) then minus 20% (0.048)

Crazy.

Not as normal. Yesterday we were a gold explorer. Today we are a gold miner.

Wasn't it because we are now in effect a new company? I believe it was explained a while ago via RNS

Thanks MH, that's what I thought. Perhaps ex De Grey investors will sell up their new NS stock and try GGP.

If it was shorts wouldn't they show as buys? These prices are sells imo. What do they know?

What is your financial analysis for easily getting to 40/50p? Sounds rampy.