Member Info for markjphennesseyg

Https://www.miningweekly.com/article/newmont-sells-gold-stream-to-lundin-for-330m-2024-04-25

That’s what my better half’s friends keep saying to her.

Some will probably say it’s stupid to be not concerned about us being at 6p, but……say we were now at an SP of 15p for example, gives us a market cap. of just over £750 million. Most of that could only be attributed to our 30% of Havieron. If you were Newmont what would you be saying in negotiations? If you were their shareholders what would you be saying? I’m not necessarily suggesting that’s the only way they’ll value it but just another way of looking at it for now in the present circumstances and putting a silver lining on the current SP perhaps.

Not having a FS or a DTM for Havieron at the moment, is that really a bad thing at this time? That’ll come at exactly the right time i reckon.

Is it cheaper to buy a project or a world class mine?

GLA

On the never say never theme. It wasn’t that long ago that if anyone talked of the possibility that GGP might one day own all of Havieron and Telfer they were considered by many to have lost their marbles.

To quote Jean-Paul Turcaud
“There are 3 stages in a discovery….First people say you are mad.Second. People say you are not mad but your discovery has no value.Third. People say this is a great discovery but everybody knew about it.”

GLA

One other factor to add into the mix is Greatland aspire to become a multi mine operation. Once they get first mine up and running the board are perfectly suited to rapidly leverage that asset to add further to the producing assets.

GLA

I note some other standout comments Shinybits has previously made.

“I’m being careful to only comment what is publically(sic) available information,”

“Not able to say more.”

Lol.The old ones are the old ones.

Another possible benefit of higher POG in the near term whilst Greatland not yet being a producer is at some point in time I assume GGP may have to hedge a percentage of future production. The higher the price they can do that at obviously the better. Whilst we’d all like to know where we stand with Telfer etc. knowing sooner rather than later might have forced GGP to hedge at a lower price. As we’ve seen even a few weeks can make a large difference.

GLA

I don’t follow the horses much myself, but Maximus (named after Havieron) the border collie had been mithering me to borrow a fiver all day yesterday to put a bet on the Grand National. I gave in this morning but I’ve no idea what horse he has backed. He just kept saying “it’s a sign,it’s a sign”

It’s about time, you’ve been sitting on them long enough 😀

From the Top album: RIO Greatland J.V. Good

I just got paid today

Got me a pocket full of change

Said, black sheep, black, do you got some wool?

Yes, I do, man, my ISA’s full

It's the root of evil and you know the rest

But tax exempt for Greatland’s best

I hear what people are saying but give him some due 6p is not bad though compared to what he started with is it? If I’m honest I wouldn’t have turned it down when I first invested in GGP, I wish all CEO’s had managed to increase my investments by such proportions. I think SD is doing a good job at Greatland and I think GH also did a good job,CEO’s do what they do and then pass the baton on.

GLA

Greatland Gold was an explorer under Gervaise’s tenure. His remit was to move assets up the value curve, which he did. He wasn’t there to build and fund a mining company.

So I’m off today to hopefully see the phenomenon that is the Arnside bore,they say even a galloping horse cannot outrun it.

Next I want to see the phenomenon that is the Greatland bore ( and I don’t mean any poster on here, me included 😀), that moment when the tide turns and overcomes the pressure of the outflow against it, they say even a galloping bourse will not keep up with it.

Must be getting close to spring the tide turning news upon us.

The currant situation is no raisin.

And if the gold price was $1000 how interested would the banks be in funding.

Yep, it would be interesting to have the statistics for the percentage of stop loss trades executed say within 5 minutes of hitting the designated price when the share price then continues to fall compared to when the share price then suddenly rises again.

And not related but it’s time or for my annual whinge about why it takes so long for Bed and ISA’s to go through in this age of electronic wizardry.

I use neither of them anymore.

Https://twitter.com/GreatlandGold/status/1135876712233746433

From 2019, the sound quality is a bit poor so I’ve added my own imaginary subtitles.

“Callum,try not to look impressed,bide our time and they’ll be begging us to take it off their hands in a few years.”

“I don’t know about you Gervaise, but I’m a geologist, core drills are one thing, but ball mills and crushers ain’t my SAG, I think we might need a few additions to the board.”

“You’re probably right Callum, anyone in mind? Anyway enough of this,best get back, got a house to go and view and I thought you had some boats to look at.”

I’m confident from my own research and the experience of the GGP team that Greatland can get funding they may require and I’m confident the present SP more than covers means of funding and any risks. I’m also of the opinion the team are well suited to the task ahead.So I’m holding and probably buying more at this price. No problem if others aren’t happy with the risks and sell or wait to buy though. All about risk/reward.

GLA

Tinners you are right, you should wait until you have answers to all your simple questions and then invest. Good luck. Wonder what the SP will be then?

Hi Dip, I’m thinking more along the lines of that there is not a direct correlation between a value GGP may have put on an additional 5% on top of 25 or 30% and each subsequent 5% as for one thing there is additional risk with the greater amount they would own. Plus the risk of it no longer being a JV.

ATB