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Hi Zoros
Thanks for the reply really appreciated. Not 100% sure it clarifies. On the RNS of the 9th December 2021 this was stated;
Activity to date and planned
§ The latest results comprise 24 new drill holes, including 20 holes from the Infill Drilling programme and 4 holes from the Growth Drilling programme
§ Significant mineralisation was reported in 19 of the new holes
§ The Havieron joint venture has now completed a total of 219,561m of drilling from 266 holes, with all the latest completed holes continuing to intersect mineralisation, and 19 reporting significant mineralisation
§ A further 10 drill holes have been completed and are awaiting assay
§ 90,000 meters of Growth Drilling targeted to 30 June 2022 --This is what I am querying
Then today in the RNS it states;
"Targeting a further 40,000m of growth drilling in the year to 30 June 2022 which has the potential to further expand the Havieron resource"
It looked to me on the 9th December there was going to be 90,000 metres from that point .So has 59,800 been drilled since then if not we have "lost" 50,000 of planned metres being drilled ?
Apologies if I am missing something really obvious!
Best MFU
Afternoon
The following was stated in the RNS under the Growth heading.
"Targeting a further 40,000m of growth drilling in the year to 30 June 2022 which has the potential to further expand the Havieron resource"
I understood NCM intended to drill 90,000 (Ninety)metres by 30 June. Is the 40,000 a reduced updated growth drilling estimate or does the 40,000 refer to a specific area ?
GLA MFU
GGP have thrown a curve ball. IMO they would NOT over estimate as would end up with egg on the proverbial face.
This is bigger than that which makes me like this fight back by GGP even more !!
GLA MFU
SAS thanks for the overview always on the money. Timber thanks for the link for the Morningstar holdings. Very interesting indeed Blackrock up 41m shares. What I would love to know is which of their funds have bought heavily (presuming that it is not like Hargreaves Lansdown where they are private investors trading ?)
I have had a look on BR website and cannot locate. Will keep looking
GLA MFU
Hi firstmodern
Every time it looks that way back the shorters/traders/manipulators come to suppress the price. Look at these in the last 15 minutes or so;
01-Mar-22 08:50:49 13.20 368,758 Sell* 13.00 13.50 48.68k O
01-Mar-22 08:48:11 13.08 100,000 Sell* 13.00 13.50 13.08k O
01-Mar-22 08:46:24 13.1587 100,000 Sell* 13.00 13.50 13.16k O
01-Mar-22 08:43:48 13.15 368,758 Sell* 13.00 13.50 48.49k O
01-Mar-22 08:43:02 13.20 100,000 Sell* 13.00 13.50 13.20k O
01-Mar-22 08:42:11 13.15 368,758 Sell* 13.00 13.50 48.49k O
01-Mar-22 08:40:34 13.05 1,000,000 Sell* 13.00 13.50 130.50k O
GLA MFU
here they are ......
28-Feb-22 16:44:01 13.30 142,904 Buy* 13.00 13.30 19.01k O
28-Feb-22 16:44:01 13.40 -142,904 Unknown* 13.00 13.30 -19.15k O
28-Feb-22 16:44:27 13.54 366,488 Buy* 13.00 13.30 49.62k O
28-Feb-22 16:44:01 13.40 142,904 Buy* 13.00 13.30 19.15k O
28-Feb-22 16:43:53 13.40 142,904 Buy* 13.00 13.30 19.15k O
28-Feb-22 16:38:56 13.54 69,560 Buy* 13.00 13.30 9,418 O
28-Feb-22 16:36:44 13.54 642,722 Buy* 13.00 13.30 87.02k O
28-Feb-22 16:36:44 13.535 -642,722 Unknown* 13.00 13.30 -86.99k O
28-Feb-22 16:36:44 13.535 642,722 Buy* 13.00 13.30 86.99k O
28-Feb-22 16:35:31 13.54 81,493 Buy* 13.00 13.30 11.03k O
28-Feb-22 16:35:04 13.54 1,230,056 Buy* 13.00 13.30 166.55k UT
28-Feb-22 16:34:36 13.10 125,000 Sell* 13.00 13.30 16.38k O
TomE great post. Many of us share your sentiments it is a terrible situation through no fault of the people of Ukraine and I am sure not wanted by the majority of the people of Russia. Let us pray a ceasefire happens asap :(
On GGP (which seems hollow at present given the Ukraine crisis) some very large trades after hours mainly on the positive side -any thoughts as to what this could suggest -some closing of shorts ?
GLA MFU
these last few days in chunks of 150-300k at a time.....has anyone a recent ortex summary to see if we have a reduction in shorts ?
Either that or someone accumulating very regularly which is great to see
GLA MFU
and for the record Redirons I emailed Shaun Day twice either side of Christmas regarding the manipulation of our SP and asking why he has not publicly stated there is no reason for GGP to be shorted and for the SP slump (in the way GH used to do ) ...didn't get even the courtesy of a reply so re your question asking if I will email SD if NCM reply the answer is no as he couldn't be bothered to reply in support of his pi's
GLA MFU
Redirons I was quite cordial in my reply to you even though we disagree. There are many posts today supporting Tig. That is good enough for me. Sorry you keep feeling the need to shout at and call a kid someone who has been invested since June 2018 and remains so.
And by the way if a large company makes 3 (THREE) pledges to get an MRE2 out and still doesnt do it in addition to not letting our CEO know about it ...then yes that for me is deliberate deprivation (ps the same CEO who said the 5% FMV has nothing to do with the MRE2 lol !)
GLA MFU
Redirons calm down fella ..there are as many posters supporting (if not more) than those opposed...that is democracy. It in no way undermines SD it is calling out NCM for DELIBERATE DEPRAVATION ! I quite like the idea actually FWIW that a few feathers might just get a little ruffled in NCM towers the way they have behaved has been appalling. That is public knowledge based on the recent outing of SB as a bully and the way they neglected to tell GGP until just before last weeks announcement was deplorable
So I don't mind at all you having an opinion I think you will find that there are as many "against" as there are "for"
GLA MFU
Thanks gg19
I have dug deep in to my GGP folder for the avoidance of doubt this is a reply I received from Greatland IN JUNE 2021 directly relating to MRE2;
"On your additional query about MRE upgrade, the infill drilling is complete and all results for all infill holes have been reported to market. The expectation is that the MRE upgrade will be reported in the Pre-Feasibility.
I hope we’ve answered your queries. Please don’t hesitate to get in touch again if you have other questions.
Thanks for your interest in Greatland Gold plc.
So ;
1.Initially it was expected to be WITH THE PFS
2.In interview later SD stated (as did SB) MRE2 would be "very early December 2021"
3.Then SD advised us that the MRE2 would be "if not by year end then we would like Jan 2022 but it may fall back to Feb 2022"
So they have moved the goalposts 3 X ! I have lost a lot of respect for NCM recently as this is no way to conduct yourself as an industry giant with junior partner that has SAVED TELFER and potentially over 1200 jobs!!
GLA MFU
Starbright...I understand you have held senior positions. The fact our PARTNER did not even inform our CEO until just before the results release speaks volumes. If we were dealing with a competitor then of course keep cards close to chest etc but we are the partner that gave NCM 70% of Havieron at a fabulous price in order for us to earn the ongoing right to either 25 or 30 %. They have since realised what a wonderful asset this is and are now very clearly imo trying to shaft us so on this occasion I FULLY SUPPORT TIG'S initiative as a one off.
GLA MFU
Tig many thanks another great effort. TomE thanks for the email address....done and I have tweaked as it may help all not being "identical"
For the Attention of Mr S. Biswas.
I was extremely surprised (as was our CEO Shaun Day) that further to your recent Resources update published 17th February 2022 , NCM failed to release updated drill results and MRE 2 for Havieron which has been at the front and centre of Newcrest’s future growth asset base.
It has been suggested that this is a deliberate delay to manipulate the purchase price of the 5% Fair Market Value currently in negotiation and furthermore any takeover offer under AIM rules in respect of the highest GGP share price within the previous 12 months.
It is well known to GGP shareholders, of which I am one, that these unpublished results have been outstanding , and was firmly expected to grow significantly the MRE1 of 4.2m oz au eq from late 2020 and the failure to provide shareholders with highly relevant and up to date company information can only be a deliberate withholding for a nefarious purpose.
I would be grateful if you would immediately release this information , to which I and approximately 80% of the private investor shareholders of GGP have a 30% ownership right and an absolute right to know.
If the above is incorrect, then would you please advise me with some urgency as to the reasons for what has happened - or not happened. Given that it was stated by Mr Biswas on several occasions in 2021 that the MRE2 was scheduled for late year 2021
Yours Sincerely
MFU
Hi MassiveRay...it was referenced in the RNS 17 Feb and then several times by SD in the Proactive interview of the same day
RNS Number : 9835B
Greatland Gold PLC
17 February 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK MARKET ABUSE REGULATIONS. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Greatland Gold plc
("Greatland" or "the Company")
Update re Havieron gold-copper project
Greatland Gold plc (AIM:GGP) a mining development and exploration company with a focus on tier-one gold-copper deposits provides an update on the Havieron gold-copper project in the Paterson region of Western Australia.
The Company notes the release of an ASX announcement titled "Annual Mineral Resources and Ore Reserves Statement" by Newcrest Mining Ltd ("Newcrest") earlier today, which provided an annual statement of Newcrest's Resources and Reserves.
Greatland notes that this statement, so far as it relates to Havieron, only restates the previously released statement contained within the Stage 1 South East Crescent Pre-Feasibility Study ("PFS"), announced on 12 October 2021. The Company reiterates this Stage 1 study was at a 'point in time' using a 5 February 2021 cut-off for drilling information.
GL MFU
2022-02-23T11:54:06.580 GBX 12.8 318 40.704 Off-Book AIMX P AIMX
2022-02-23T11:53:01.000 GBX 12.8 157691 20184.448 Off-Book SINT P ECHO
2022-02-23T11:53:01.000 GBX 12.8 157691 20184.448 Off-Book SINT P ECEU
2022-02-23T11:52:22.457 GBX 12.9 300000 38700 Off-Book AIMX P AIMX
2022-02-23T11:52:08.490 GBX 12.8 200000 25600 Off-Book AIMX P AIMX
2022-02-23T11:45:25.000 GBX 12.825 300000 38475 Off-Book SINT P ECHO
2022-02-23T11:45:25.000 GBX 12.825 300000 38475 Off-Book SINT P ECEU
2022-02-23T11:45:14.587 GBX 13 300000 39000 Off-Book AIMX P AIMX
2022-02-23T11:44:49.053 GBX 12.744 5604 714.17376 Off-Book AIMX P AIMX
2022-02-23T11:44:33.067 GBX 12.9 350000 45150 Off-Book AIMX P AIMX
I am sure it is just a tech glitch ...why would LSE not want pi's to see that every time a large buy or two come in someone is matching them up with sells...
How long will this game play out ??
GLA MFU
HI Red et all
The proactive interviewer very mischievously asked SD "if it was forgetful or neglectful" of NCM not to report the MRE2 last week. Clearly it was a loaded question as NCM do not forget to update the market . Shaun's "surprise" at it not being included is also not open to conjecture. It was a very public statement of dissatisfaction from SD and good on him for putting it out there.
I actually believe competitive friction can , in the right scenarios, be a positive thing. We are most certainly heading to a significantly critical period and I feel that we have the right team to handle it.
GLA MFU
Cheers Z ! Yes a small time investment in SolG which I can't bring myself to sell as the minute I do you know what will happen!
Re DFS yes I get your point. No short cuts is the way we need it :)
Cheers MFU
ha ha Roses and VS like it
Roses-when you first invested in GGP did you imagine it was real gold and not "Fools Gold" and could you have imagined it would grow to at least 10 storeys of elephant county stone that you cannot help but wanna adore and that this is really the ONE !! hands on face emoji
GLA MFU
Great post Zoros !
One question-is there anything stopping NCM doing a fraction of a fraction DFS to scale down the resource and try and take advantage of GGP again like they did with the PFS ?
GLA MFU