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Aqua perhaps the recent buyer has had a starter and is now moving on to the main course! Must be a background order in place ?
Best
MFU
π€£ππ½ββοΈπ
Project manager on Linked in confirm Havieron Evaporation Ponds completed AHEAD of schedule....furthermore as a result of project efficiencies the same group has COMPLETED 32 Kms of road widening through to the Havieron site
I am sure all this is as a result of NCM and NEM slowing down/mothballing the project π€¦π½ββοΈπ
GLA MFU
Linked in Post sourced courtesy of Dot on T G
Very balanced post Lawrence thanks
Taken a new position. Did have 100k shares pre dilution but sold out of impatience at a loss c6p if I remember correctly. The SP fall last week is almost a replica of my main investment in GGP (my biggest holding by far) the difference is it has happened over 2/3 years (35p to under 6p) and not 2 days. I fully appreciate the risks but surely at Β£50m mcap there has got to be a reward as Lawrence says even 400m (which based on future earnings doesn't sound unreasonable) would be 8x.
GLA holders
MFU
Hi Tig I know you are one of the good guys and went to a lot of time and effort to organise shareholder get togethers (almost got to one as we have friends in nearby Tolworth)
However on the MRE Shaun has,said it will be released Q4 after peer review with Newmont if they wish to partake. Therefore at this stage he deserves the time to put that together. If at the end of Q4 it has not materialised then by all means we have a sensible debate about it and the possible reasons if it doesn't get produced.
I don't buy the school of thought that withholding the MRE can somehow allow us a cheaper price of taking some or all of the 70% should they divest. Come on they haven't got to being the worlds largest gold miner by ignoring two years worth of drill results on past purchases and divestment.
GLA MFU
Hi Trip
Could be to do with Borrelli's options?
Best
MFU
Brilliant post SAS !
GLA Greatlanders
MFU ππ½ββοΈπ
Much appreciated thoughts Sandgrounded. I have similar views to you let's see how things play out.
There was a time c12/18 months ago when I stated that a hit at one of our other tenements would be a bonus rather than a necessity. Now I feel differently given how we have been taken down by traders shorters and pi's needing funds. We need another strike of Hav005 magnitude IMO to really get us noticed again. SD said one of the areas in JV with Rio is "more like Havieron than Havieron" and I hope this is why they chose to drill so quickly π€π€ππ
GLA MFU
"Although I think Shaun needs to communicate with us, be it with drill results ( which should be to hand by now) or to say there will be no share raise, that doesnβt mean to say, I donβt acknowledge what a very difficult job he has to do."
Sangrounded hi. You make good points here. However playing devil's advocate what if;
1.He does have drill results but they are not dial turning ?
2. He does plan a raise ?
As much as I hope neither of the above happen that could answer why he isn't coming forward ?
Best MFU
Delighted for genuine shareholders hearing Thursday's announcement. In the face of some pretty despicable intimidation/deramping on this board (goodness knows what the LSE mods do with their time if they are not clamping down on the perpetrators ) great to see the positive update put them in their place.
Greatland remains my main holding but really pleased how Kod has progressed and fingers crossed this fulfils its undoubted potential. Listening to the Proactive Interview again I get a sense of calm trustworthy authority from the CEO.
GLA MFU
Apologies it was actually delivered March 2022 with an early December 2021 cut off.
ππ½ββοΈπ
Tig hi
We had a resource update to 6.5m Oz au eq in late 2021 so not as far back as 2020. Shaun has,recently stated we are working on it now and will be out in Q4 so that is a clear intention.
Ps see the shorters are still going after us 6 x 100k sells in 3 minutes. Barstewards
GLA MFU
I will CP....232 posts on GGP in the last 30 days. That is either a boat load of great intel you are kindly sharing or else π€π€
GLA MFU
Many thanks TT every worthwhile read. Balanced and insightful. He talks about AISC increases across the majors and I can't help but wonder how much of our PFS margin we can hold on to ? The value enhancing initiatives being prepared for the DFS will be much anticipated and whilst I fully expect our AISC to increase hopefully we will still come in at a level that keeps us as one of the world's most economical mines. π€π€
Cheers MFU
Thanks TT & Bamps. That's encouraging from a potential MRE upgrade perspective.
Bamps re Tier 1 does this suggest we might have to wait a little longer before we might be categorised as T1?
Best
MFU
Hi Timber Trader
"It's been nearly 17 months now since the last Greatland Gold Havieron Mineral Resource Update of the 3rd March 2022, which was was based on a drill cut-off date of 2nd December 2021.
That means (with the recent ending of growth drilling at Havieron), we've subsequently had around 17 more months of drilling since that old cut-off date. That update increased the mineral resources to 5.5M oz Gold & 218kt Copper or 6.5M oz Gold Equivalent.
Therefore. IMHO, I'd expect, at least, 9-10M oz Gold Equivalent by the time of the next Havieron MRE update, expected in August."
Excellent post I believe we will arrive at around 8.3/8.4m au Oz equivalent slightly lower than your forecast mainly because the number of drill rigs and therefore actual drill results reduced over the period. However from 2 Dec 2021 to the last GGP drill results in late June is that not nearer 18/19 months as opposed to 17 months? (not meaning to split hairs lol)
Best
MFU
"Less is more" springs straight to mind given the 5 minute running time.
1.Clarifies the exact rationale for the recently completed drilling campaign and the shallower cover of Decka (thanks JC!)
2.Seemed excited by it (hope I haven't misread the very upbeat vocal tone!)
3.Clearly states decline is heading for home straight ahead of us and strongly implied after the aquifer slowdown that its business as usual speed wise from now on
4.ASX listing still very much targeted to "be lodged" this quarter ( as opposed to just "progress") so "watch this space"
Feel so much happier than after yesterday's NCM non event
GLA MFU
Very best wishes archways- never met but you are clearly a class act sir !
MFU
You know when you know ! A poster that's been a member of LSE since 16th April and has already accumulated 411 posts says everything without having to even read his garbage. I won't be reading any of the next 411 Toffers theres a space in the green bin for you fella with immediate effect
To the remaining members and genuine holders keep the faith. Luton and Coventry today play for a place in the Premier League. Who ever gets there (and they both are deserving) it will be all the sweeter because of the lows they have both gone through in recent years. Let's hope that upturn comes to us GGP'ers in the coming months!
Best
MFU
Thanks for your 4 posts since 24 April 23..very credible to say goodbye ..not :):)