Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Moneytaker - how do you do out of the market? Do you mean holding cash or something else? I tend to agree there's likely a big downturn coming - I think within 6 months...but not sure how best to position for that with inflation where it is....GGP shouldn't be too impacted by overall market moves I think, especially as it sounds likely our funding for next phase is lined up/nearly there...
From Tuesday, l-a's post:
"lebugue-addick
Posts: 3,157
Price: 12.00
No Opinion
Drill results this ThursdayTue 16:55
Great comms again from the Greatland team confirming drill results will definitely be this Thursday.
*************************************************
Hi Mike,
Thanks for your email.
Greatland will continue with the 6 weekly reporting cycle for Havieron updates. Our next update is expected to be this Thursday June 9th.
Regards
Greatland Gold"
Antigua - maybe, it's certainly not clear and obvious where NCM see things. I don't rule out them playing games to try and acquire the 5% (or more) on the cheap - but I'm also not convinced that they won't shortly want to get on with telling their shareholders about the success they've had with 70/75% to protect and optimise the telfer plant...it's key for their Australian value proposition, which is key for them as a business...
Philbrim - I'm going to assume an IMO at the end of your statement. I disagree - I think this share will move up sharply well before 'gold sees sunlight' -why? Because it's a perfect speculative share - once we're producing it will be valuable no doubt, and still have growth potential, but the moves from sub 1p, to 10+ weren't based on gold out of the ground. The move from here to 25+ will be before gold out of the ground too I think...
L-A, good point...also worth noting gold futures at $1973 for end 2024, and steadily up to $2063 for end 2027 - so $1600 looks VERY conservative given c. $2,000 could be locked in, right now, for the first 2-3 years of production...
Their etf takes into account share price momentum - so back in 2020 more GGP was added and we became significantly overweight given share price trends, not surprisingly we are now downweighted after 12 month decline. Also, a couple of 'bigger' miners have dropped below 2billion mcap, entering the index and thereby pushing others down (weighting wise). No conspiracy, just a result of SP weakness - unfortunately it compounds it as it does/has added a bit of short term downward pressure.
Hopefully some good news soon to get us moving up!!
Doggy - not sure 50p in a heartbeat, but I think it would be a positive against all the aspects jaczar mentions. The 5% is a legacy of Newcrest buy-in - if what's known now was known then I don't think it would have been structured in the way it has.
Monty - I agree, a great look back analysis - I think the question is though, for long term investors vs shorter term traders, is when does the SP break out of the channel. Personally I don't invest in AIM stocks, generally, to try and get slow and steady growth - you can go to main market staples for that, rather for the breakout opportunities that look back analysis doesn't really help with.
It certainly is...I don't agree with it and I'm not sure it is, or perhaps I should say I'm sure it's not, based on company fundamentals - so I'd go with your own view Vs that of a journalist/analyst at that website who thinks producing a 5 year view and making that public, without assessing the facts underlying the business, is insightful at all...
Antigua - good points. I took SB's denial to mean that one was a commercial discussion and the other was a regulatory/geological thing - but I hear you.
We'll see - and I'm not saying I don't have concerns about NCMs actions around this, more that it's clearly in their interests for Havieron to be worth as much as possible - and if they are gaming a low value, at some point their governance folk will ask some questions about what they are representing to shareholders...not least if they continue to have lower multiples than their peers...
Jiffy - it's a good point - but bottom line, NCM own most of the asset and, importantly, the processing plant. I absolutely want GGP to play this hard in any/all negotiations - I just wonder whether NCM deliberately undervaluing their majority owned asset, in official comms to the market, is actually the case. I reckon it's more a matter of timing(s) and we have to accept the 5% will come earlier than we would have chosen, but the 25% will continue to evolve and grow to be enormous...
Antigua - NCM already own 70% of Havieron - so the value of that asset is already super important to them...so when you say what would be to their advantage of positive results I think it's obvious? I don't think it's the case but, maybe they do want to hide good news/delay things so they can get their extra 5% cheap, but I think, looking at NCM as a whole and their obligations to shareholders - deliberately trying to disguise Havieron's value to get their next 5% (in addition to the 70 they've got) is unlikely. Having said that - GGP (including shareholders) obviously want things to move as fast as possible and NCM have less urgency.
Key thought - hard to see much downside from here; given the FACT that there has already been lots of gold (and other metals) found that is economical to mine, and that there will be more to come that will also be economical to mine, there's really no risk around that side of things. The only real risk now is around financing of GGP's share of development and production - it seems like that's in hand. Once the team provide assurance that that funding is taken care of, without needed to dilute current shareholders much, then the only way is up. All positive exploration news will be met with SP increase and the question will be is it a takeover next, or can other exploration areas strike gold, so to speak....
Bunky - great line!! Made me laugh out loud - "link offers a bit more on the technical detail and some references to the HMRC internal manual, for those of you who want to ruin a perfectly pleasant Wednesday evening."