Member Info for Mineralholder

Fantastic

Think we are nearing a rally point for Raw materials

Management have done seriously well here - oil pricing raging once again. if it looked strong at $75/bbl how does AET fare now with improved and larger deals at an oil price around $95/bbl!?

Suspension - said it was very unfortunate. He said that he is looking at building the TGR team to boost abilities on the finance and reporting ends.

Mozambique - currently still optimising the BAT studies per July RNS, enhancements to be had because of the ability to source things from India and better processing techniques.

Future potential expansion of Madagascar by extra 6,000tpa as also referred to in RNS, this was suggested as possibly to be done with own resources or by leveraging those resources following completion of the ramp up given the earlier discussion on maths at 2000MTs a month. If they achieve the ramp up, based on sales and cost numbers established so far in their previous results, it would potentially provide them more options for natural growth, so I guess it's wait and see.

Graphite market - sees a big deficit in 2025 and thinks TGR will be very well placed. The current situation will allow TGR to stand out while the others have struggled.

VAT receivables - election year in Madagascar means it’s harder to get much out of the government but that the money will eventually come, and they are working closely with the government to that end.

The next Sustainability report would be quite comprehensive and is on the agenda. Also noted comments on the pr and ir strategy and agreed it was due an overhaul quite soon.

Sees London as a good market but that it respects money making businesses and understood more institutions are attracted to those companies that turn a profit. He said he’s here to mine graphite and NOT mine the capital markets - I liked that. He wants people to understand there’s a business being built, just takes time. He made a comparison and he pointed to NextSource which is taking nearly a whole year to ramp up only a 17,000tpa module.

Overall my experience was positive and I felt enthusiastic about the future for TGR.

Been watching this for a while and it was suggested to me and I thought it would be a good chance to work out for myself what this is all about by meeting with Mr P this week. Surprised some have been so negative tbh about these meetings. I was reassured this 1 to 1 format wasn't a replacement of the online group meetings, but I agree with other posters that the opportunity for a face to face was a great idea for those interested in the investment thesis here, and of course is a great way to address concerns directly - much better than behind a keyboard or screen.

Couple points below and in next post:

Ramp up - this was said to be the priority per recent RNS for the stated guidance with the Q2 50% run rate and sounds confident for Q3 - hopefully the next results will back this up. At that Q3 target of 75% run rate, simple maths says at near 2,000MT a month of production and sales this would equal quite significant cashflow given the sort of expenses established so far in previous results. Nothing guaranteed but sounded confident and keen to demonstrate they can deliver. The prepayments sounded like they were useful for sorting some inputs needed to further boost the rate of production as well as of course winning new business and customers for the company.

Upgraded infrastructure and PCU flow sheet innovation provides more resilience to future poor weather.

The India connection is very useful as there is a larger spot market there which means consumers prefer to buy locally and is actually a way for TGR to break into that growing market - adds all sales are reviewed by their auditors.

Asked if he needs to raise given speculation online - given he wouldn’t raise in the mid 30s and the price is lower, plus the prepayments in August, was surprised this was even a question. He’s a major shareholder so has no interest in diluting his own or current shareholders’ stakes, especially if not necessary - he thinks the current value is crazy low vs peers, although acknowledges the guidance miss was big and suspension caused some concerns (which he emphasised were to do with processes for submitting the accounts not anything else), and that the prepayments are a prime example of how solid relationships allow the company to find innovative solutions.

It's just a matter of balancing between ramp up costs before becoming an earning company in the near term in my opinion. I personally think a big and quick step up is very possible based on some quick maths based on the figures achieved to date extrapolated over the next several months if and when the ramp up is fully achieved according to their stated targets. As referenced in RNS, they feel avoiding dilution is preferred, especially given the Company is hopefully on the cusp of what is hoped to be a much higher operational rate and financial performance than previous FYs should they hit their targets this quarter and the next and going forward.

Finally, always enjoy the RIO divis

Absolutely marvellous - looks like the HGZ crescent zone is slightly bigger now?

Results outside all reported drilling so far, open in all directions and at depth still. BLIMEY, never ceases to cause my jaw to drop.

MH

Nice to see the broker note today, missed it earlier and the late pop at the close was what caught my attention - good to check in and see many faces, old and new. Still long and strong since the early days of 2018/2019....hard to beat the economics offered by Havieron; a fact not changing anytime soon.

Still very excited for the rest of the year and the major milestone PFS towards the end of it...these milestones will fall like dominos, each more important than the last as we approach full on preparation for mining this resource and SD establishes GGP as a producer with a hell of a lot of free cash flow coming our way.

GLA

Well said Bamps.

It takes courage to hold even when the siutation is as promising as GGP's. Think of the value being unlocked down under as we write on these BBs. Much much more of this story is yet to unfold and I look forward to welcoming SD and hope GH keeps in touch with the company.

GLA
MH

Within the South East Crescent and Breccia Zones, 23 infill drill holes have been completed for the reporting
period, including 18 holes which returned assay results since the 10 December 2020 update. These infill drill holes
(included within the Inferred Mineral Resource boundary) are in line with expectations and increase the confidence
in the continuity of higher grade mineralisation.

GLA
MH

As a result having thought about it more I don’t think i’ve ever been as bullish about GGP as I am today, despite Scally - I’m not even fussed about the Juri JV. It is Havieron that is the key to everything. I don’t see an active, corporate guy like Shaun sitting around waiting for potential results to come in from our greenfield exploration programmes at our various projects (more likely he will divest them tbh). Like at Northern Star I think he will leverage the company’s assets a step at a time, in this case using the fantastic economics offered by Havieron to take the first step of really moving GGP into the producer league and out of the explorer league. This will be done by supporting the financing of any new acquisition(s) of small-mid cap, well run mines, with our sizeable asset and look to achieve a high and quick level of return by drilling out already proven resources and getting them mined in quick fashion. Early on in his presentation Shaun talks about the work of Northern Star’s Business Development team in identifying possible suitable acquisitions - and this should be something to look out for. This style will probably require greater institutional involvement and will take time and is the exact reason why we see a movement from impatient to patient hands of the shares.
Think about it - Havieron is great but for GGP it doesn’t offer any real work to do - it’s in Newcrest’s control and GGP is a major beneficiary; but Shaun Day is not someone who just rests on his laurels, he is a man of corporate action, and as I said before I can’t see him hanging around waiting for speculative exploration results to come in while Havieron is shining. Therefore value creation and recognition for the shareholder is not likely to come about through potential hit and miss exploration programmes (though this would be great don’t get me wrong), or at least relied upon so heavily with Shaun in charge. I would posit that a lot of frustration on the chat over the past week stems from people thinking GGP was nearing its true current value when it was in the 30s, although un-risked increasing to upwards of 60p (we saw all the DCFs and subsequent discussions etc) and felt a general sense that future big increases in the share price were becoming harder to foresee and there was an air of an unsustainable situation being apparent. That is why i’m bullish on GGP and Shaun Day, because his appointment is an inflection point, a sign that GGP does not intend to stand still, but move things forward in a way that Shaun has experience in being a major part of.
So, I am putting it out there that I think GGP will be making at least one acquisition in the next 12-18 months and will look to replicate a sizeable rise in underlying gold reserves and asset values that was seen at Shaun’s previous Gold mining company. Corporate action is the way forward and Havieron is the fuel.

GLA
MH

Presentation link:
https://www.youtube.com/watch?v=pRlshVfcnh0&feature=youtu.be

Just to change the topic from the intra-day share price movement for a second, I wanted to see if anyone else had been thinking the same thing: The Scallywag results have reminded us all about the nature of true greenfield exploration and reasserted how incredible GGP’s position is with the Havieron discovery.
The events and upcoming year made me think about GGP’s path going forward and the role of Shaun Day, the new incoming CEO. I urge everyone to (re-)watch and listen closely to his Northern Star presentation, the link for which I will post. In it he emphasises the style of management at NS, as being about “business first and mining company second”. He goes on to detail how through organic growth involving the acquisition of the likes of the Pogo mine, and drilling out the resource there to uncover multiples of the Au Oz content in situ, as well as at other places like Jundee, the NS management massively increased the profile of the company, value and its market cap. This focussed on having discipline around the financial returns of assets acquired and ensuring that each year they walked up the company’s reserve life i.e. drilling their projects to such an extent they grew the number of oz in reserves faster than they could mine them out (listen to his comments on the Paulsens mine).
A major part of this strategy involved acquisitions. While he was CFO 10/2014 - 12/2019 there were as many as 6 acquisitions (Jundee was just before in May 2014, transaction settled July 2014, but he would have been immediately involved in seeing operations were financed properly upon taking his seat on the board is my thinking, so I have included it as we know executive recruitment takes a few months). This strategy enabled massive growth over several years and put NS into its strongest financial position it had ever been in - also if you haven’t checked the share price for Northern Star between SD’s start and end date as CFO it’s worth it.

Happy New Year all - just popping in after being away for a while - good to see Havieron and Newcrest racing along. Very excited for the maiden Juri JV programmes to start and of course to hear the Scally news. 2021 to be a good year for the POG and Newcrest need to get that gold ASAP!
Holding back on my ideas for what could happen for GGP is Scally is a hit...suspense is killing me. Hands under bum anyway for Hav.

GLA
MH

That deal was done quick - lovely $160 million Christmas present - can't wait for Q1 now. consideration being paid is roughly twice the mcap?

MH

GH was the reason I held on and invested more after the EG palava back in 2017. His vision and clear interviews offered reassurance and encouragement for PIs to fully comprehend the gravity of the results as we received them from Havieron and there was that period the market barely took notice. It was he who has driven GGP so well and got us to where we are today.
GH did say almost a year ago that he would likely not still be here once we reached a certain point from a value perspective and also from an operation perspective as we transformed into more of a producer/developer/explorer hybrid so the only surprise here is the timing. His endorsement of SD I take as encouraging, as are SD's credentials and history and I have faith that GH will have recognised talent and vision in SD for him to have been selected as his successor.
I wish GH all the success in the world for his future - i'm sure he's still got much more to give wherever he goes after February/March and I for one will be paying great attention to wherever he goes.
Looking forward, i'm still incredibly excited for GGP's future. This next couple of years looks like it will be the real company making ones, where we establish ourselves as the part owners of a world class tier 1 Au-Cu producing asset and become recognised as such, with great potential in our other assets that we are in the best position to get value out of that we've ever been in.

SD has big shoes and expectations to fill but I'm sure he's more than capable. In short, I agree with the sentiment i've seen elsewhere and recognise the new appointment as a great positive - GGP is growing up!

GLA
MH

Decent size after hours buy shown up, 300k shares at 5.7p - similar size buy earlier today at 5.79p - someone accumulating?

Hi Shed,

Still holding on to my EUZ tickets and have enjoyed reading some of your posts recently in the past couple of weeks. It has been a shame the Bara report didn't get things moving a bit SP-wise but like you say it's a long game and if one is to succeed here one must be willing to be patient. You are right about AIM stocks and their polarisation. Still think in the grand scheme of things EUZ is undervalued - it's just unloved as the attention of most PIs is elsewhere, and management need to keep things steadily moving forward and making the picture clearer to see of the route forward and for a monetary reward.

GLA
MH

Hi all,

First poster on this board but have been in GGP and Pure Gold and now looking for another early and undervalued company with good assets.
Seems like things could get pretty interesting here in the next few weeks/months with the sale and what will be done with any and all proceeds. Looking at the company's projects it seems Beutong is fairly well developed already with its JORC resource which looks like it still could be easily be expanded after the KSK sale. However, it looks like the company haven't touched the project (Beutong) or done much with it since March 2019, am I right in saying that?
Contemplating dipping my toes in so I welcome any info anyone is kind enough to share, thanks!

GLA
MH

Unsure if this is a new video but it's at the bottom of the page in the link below - things looking good for the future, as Darin says in the video foundation being set for upside here going into production.

https://www.fmp-tv.co.uk/2020/12/07/pure-gold-drilling-uncovers-further-high-grade-gold/

GLA!
MH

Still invested here, excited for the first gold pour and move into full production coming 2021. Management will hopefully continue their good work.
As another GGP investor also on this board I do hope there is inclusion in the GDXJ - this provided some sticky fingers and good movement in the SP.

GLA
MH