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Are we going to get another instalment of Bottle & Bamps next week to interpret Wednesday night's news? The last one was excellent! Bamps way of explaining things is legend. Even better can you imagine Magic, Bamps & Bottle?
Have a good weekend everyone. gla Matt
I feel it is a bit sad that Callum could not give any credit or mention of Gervais in his chat. I know it is geology related but I wonder if they parted on good terms or not?
gla Matt
The distance between Telfer and Hav has always been said to be 45km. But I believe this is as the crow flies. The road which has been shown on diagrams and I have mentioned before is approx 80km. It may not be an issue as they may only haul concentrated material or put in a railway or it may be the deciding factor for doing this
imho, gla Matt
Not sure that I feel comfortable with SDs performance so far. Hav is like having 4 or 5 mines in one and therefore GGP could do almost nothing else and the share price will rise as the resource is proved up. Juri is ongoing and sorted financially and so a bit of drilling at Scally etc is all that is needed. SD has not added confidence as he has taken on board another broker perhaps to potentially raise funds for a purchase, which is pointless as Hav is so big. He is persisting with Ernest Giles which has waste of money written all over it. He did no interview after the last results from NC. I feel he should wait until the sp increases before raising any more funds. So this tinkering around the edges just makes investors slightly edgy and reduces confidence. His share option target is pitiful as even now it is only a 25% increase. When GH had his 2p options the share price was probably less than 1p and therefore over 100% increase.
What does give me confidence is info from Bamps, Hydrogen and Paddy etc - thank you for all your effort.
So come on SD - what's the plan?
imho, gla Matt
Gervais will always be a bit of a hero in my mind because he has changed me and my families finances!
His share allocation has changed but have you thought that he may have transferred his shares to his wife and children. Would this then show up in any register?
gla
Matt
This is perhaps a stupid question but once the massive tunnels are underground is it feasible to tunnel to other adjacent sites such as Scallywag, NE Havieron and even over to Artemis land if the resource is there to mine. This may save capex for these areas but may provide another income if say for Artemis. Any thoughts?
gla Matt
From the RNS on the 10th Dec, these were the next steps listed. The second item is what we may hear more about tonight.
gla Matt
Next Steps
· 2021 Growth Drilling: Growth drilling programme in calendar year 2021 will focus on the extension and definition of the South Eastern Crescent and Breccia, North West Crescent, Northern Breccia and Eastern Breccia zones outside the current Inferred Resource.
· Infill Drilling Programme: Infill drilling is underway on the top 350 vertical metres of the South Eastern Crescent within the existing resource outline with the aim to define Indicated resources to underpin the proposed Pre-Feasibility Study.
· Early Works Commencement: New camp at Havieron, with accommodation for up to 230 people, is nearly complete, and construction of box cut and decline is expected to commence late 2020 or early 2021, subject to receipt of required approvals.
· Pre-Feasibility Study: A Pre-Feasibility Study for Havieron, based on an Indicated Mineral Resource Estimate, is expected is to be delivered by late 2021.
· Potential Commercial Production: Continuing to investigate potential to achieve commercial production within two to three years from commencement of decline.
I wonder how many people have invested their money which was there to pay their tax bill at this time of year thinking it was a safe bet! Some may have cashed in at a loss/gain already or may still have to do so. Price has to be above 36.9p by the end of the month for the monthly spectacular positive increase which has not failed for the last year!
gla Matt
It had to happen sooner or later ! Just a bit of the froth blown off! Please remember the sp was 27.3p at the beginning of December. As the share price advances from here it will be on a lot more solid foundation. I wonder how the other nearby company share prices will react as they have held onto our shirt tails for so long!
imho, gla
Matt
A lot of board members, including me, were giving opinions as to where GGP were going and what was going to happen during the last year. Unfortunately nobody got it right! Nobody said Gervaise would go, NCM would lend us £50m, we would have an arrangement with NCM for PRE without drilling etc! So what is coming left field now or for this year?
I think SW results are going to come out with a jv with NCM or possibly another miner, say Rio, Barrick or....whoever. They may still have an arrangement with NCM for toll processing. NCM have got good value for their shareholders with $85m for access to a lot of resources. I do not see them spending billions to buy GGP. Anymore wild guesses!?
Happy New Year to all and thank you to everybody who has contributed to our success so far.
imho Matt
I would still like to know the reasoning why GGP drilled HAV first? Did CB make this decision? As yet no other area has come up with anything as significant. SW drilling would not have started when they commenced looking for GH replacement. The big decision was an expertise in getting cash flow from the exploration or mining. If a company has cashflow then the II love them and they are taken up by lots of smallcap/aim funds.
imho, gla Matt