The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
FYI - the time of that presentation is - 7:30AM - in the UK on Friday 6th May by my making, please correct if i'm wrong!
https://www.eventbrite.com.au/e/amec-investor-briefing-6-may-2020-tickets-103310510518?aff=AMECemail
MH
Canaries, I understand your sentiment here, but to sell GGP now I think could be short-sighted and deny PRIM of a great deal more potential upside. I'm in both GGP and PRIM but I think AC would be wise to give the GGP play more time as he alluded he would in his last update to shareholders. Thinking 6-9 more months at least.
MH
Paddy raised the good point about Newcrest wanting to cement its position in Australia as one of its biggest Gold miners. Havieron could become a thing of National Pride down in Oz and given the current climate I would also not rule out concessions from the government in the form of subsidies/tax relief to help Newcrest develop what they have here for the sake of securing a strategic national Gold supply, but also for the secondary and tertiary impact on employment in the area and beyond. Just a small thought, trying to think outside the box for left field benefits. We'll see, roll on the 29th/30th.
MH
Bank of America Corp. raised its 18-month gold-price target to $3,000 an ounce -- more than 50% above the existing price record -- in a report titled “The Fed can’t print gold.”
https://www.bloomberg.com/amp/news/articles/2020-04-21/bofa-raises-gold-target-to-3-000-as-fed-can-t-print-gold
Forward looking massive implications if this happens for all Gold companies.
MH
Nice post RKB
MH
Has the Saint Paddy posted his PaddySat? not sure if I missed it
Sound logic from AC in his update about GGP, going to be an exciting few weeks + months on that front! Fresho also looking promising. Very interested to see how TruSpine develops towards its IPO as well given the new member of its board from the savvy Schild family.
MH
MH
One last time, here are the videos for any Newbies to note/look at in chronological order to help build a picture of why we are all excited here .
September 2016 Discussion on excitement at having stake in Paterson Region and acquisition of Havieron and history https://www.youtube.com/watch?v=YQ6wBn6uldo
January 2017 Discussion of business environment in Australia, brief mention of potential spotted at Havieron – Mcap was only £3million at this point! https://www.youtube.com/watch?v=yxb995LOzfQ
February 2018 Discussion of drill programme at Havieron https://www.youtube.com/watch?v=MkhOFMb9xao
June 2018 Results from first hole at Havieron https://www.youtube.com/watch?v=ML4RSvYeETs
November 2018 “world class intersections at Havieron” https://www.youtube.com/watch?v=8-A6fFYW5Cg&t=5s
March 2019 Farm-In signing https://www.youtube.com/watch?v=agy1J44JPYU
March 2019 Strategy https://www.youtube.com/watch?v=RVQ0R3gHjmY
July 2019 First Newcrest results https://www.youtube.com/watch?v=oXYYGANWXs0
July 2019 Identification of targets at Paterson Range East (PRE) https://www.youtube.com/watch?v=hvKZ4tfXu4E
September 2019 Second Newcrest results https://www.youtube.com/watch?v=yQeAajJOQxc
October 2019 Third Newcrest results https://www.youtube.com/watch?v=tcSOYQQ019k
October 2019 Outlining new targets at Scallywag in Paterson region https://www.youtube.com/watch?v=1tzBQu7U0rE
November 2019 New Targets at nearby Paterson Range East (PRE) https://www.youtube.com/watch?v=Mlr26pyeQLs
December 2019 No video but: “significant geochemical response” at the Goliath target in PRE
https://www.proactiveinvestors.co.uk/companies/news/908834/greatland-gold-unveils-positive-geochemical-survey-results-from-paterson-range-east-908834.html
December 2019 Fourth Newcrest results https://www.youtube.com/watch?v=sM-O0VvTRus&t=5s
January 2020 Fifth Newcrest Results https://www.youtube.com/watch?v=WitcQILs_Ec
March 2020 Sixth Newcrest Results and ‘Some of the best results ever seen’ https://www.youtube.com/watch?v=018d1gFWNTg
MH
There's something lovely about days where we set new highs. Here's to many more to come ahead of us in the next few weeks and months!
MH
Joint at the hip at the moment, GGP and PRIM (hopefully some of the other investments also make some moves), happy to be in both
MH
I agree with your points OT and Matty, you outhold me be 3 years, many congratulations, I hope we are well rewarded.
It looks like we would be if an offer is made for the rest of HAV and we possibly JV on scally with Newcrest. I think we need to break ground into our other exciting targets first before developments really drive the SP to where we want it. Will be over the moon if deals occur for them beforehand too however!
MH
An offer taking the SP to double/triple what is now would make the GGP Board and many PIs very rich, hard to resist. Let's see if the Greatland Soldiers can hold their nerve!
MH
In time they will update, but not before the next Quarterly reveals what's been going on.
MH
Anyone new to GGP wanting a directory to base their research off, and a possible recap for LTHs, thought i'd repost this given the long weekend ahead. Also give Paddy's Twitter feed a thorough look!
https://greatlandgold.com/paterson/
September 2016 Discussion on excitement at having stake in Paterson Region and acquisition of Havieron and history https://www.youtube.com/watch?v=YQ6wBn6uldo
January 2017 Discussion of business environment in Australia, brief mention of potential spotted at Havieron – Mcap was only £3million at this point! https://www.youtube.com/watch?v=yxb995LOzfQ
February 2018 Discussion of drill programme at Havieron https://www.youtube.com/watch?v=MkhOFMb9xao
June 2018 Results from first hole at Havieron https://www.youtube.com/watch?v=ML4RSvYeETs
November 2018 “world class intersections at Havieron” https://www.youtube.com/watch?v=8-A6fFYW5Cg&t=5s
March 2019 Farm-In signing https://www.youtube.com/watch?v=agy1J44JPYU
March 2019 Strategy https://www.youtube.com/watch?v=RVQ0R3gHjmY
July 2019 First Newcrest results https://www.youtube.com/watch?v=oXYYGANWXs0
July 2019 Identification of targets at Paterson Range East (PRE) https://www.youtube.com/watch?v=hvKZ4tfXu4E
September 2019 Second Newcrest results https://www.youtube.com/watch?v=yQeAajJOQxc
October 2019 Third Newcrest results https://www.youtube.com/watch?v=tcSOYQQ019k
October 2019 Outlining new targets at Scallywag in Paterson region https://www.youtube.com/watch?v=1tzBQu7U0rE
November 2019 New Targets at nearby Paterson Range East (PRE) https://www.youtube.com/watch?v=Mlr26pyeQLs
December 2019 No video but: “significant geochemical response” at the Goliath target in PRE
https://www.proactiveinvestors.co.uk/companies/news/908834/greatland-gold-unveils-positive-geochemical-survey-results-from-paterson-range-east-908834.html
December 2019 Fourth Newcrest results https://www.youtube.com/watch?v=sM-O0VvTRus&t=5s
January 2020 Fifth Newcrest Results https://www.youtube.com/watch?v=WitcQILs_Ec
February 2020 Sixth Newcrest Results and ‘Some of the best results ever seen’ https://www.youtube.com/watch?v=018d1gFWNTg
MH
The absolute size of this thing. Roll on the Quarterly, 19 days.
MH
I remember seeing that for every $10 increase in the POG, it effectively adds $20 million to Newcrest revenue. Something to bear in mind perhaps.
MH
Over at PRIM, a private investor named Rupert Labrum has been increasing his holdings, just had an RNS. Bodes well for us as obviously we know of PRIM's high opinion of GGP.
MH
I think it's important not to overlook GH's words in his article where he emphasises the benefits of juniors working with majors. When referring to GGP and NCM JV at Havieron he writes:
"Here the 20 million oz Telfer gold mine is an excellent example of how the industry is likely to replace existing deposits. Owned by Newcrest Mining, the largest gold producer in Australia, Telfer has been mined since the 1970s, but it is now approaching the end of its economic life. Yet the extensive infrastructure already in place, and Newcrest's extensive expertise - particularly in block caving techniques - means it can add significant value to prospective deposits nearby. This opens the door for Joint Ventures (JVs) with local junior explorers, as is currently the case at Havieron, allowing the gold major to extend the life of its mine by trucking high grade feed."
"At the same time for the junior, tapping into pre-existing infrastructure accelerates exploration of the discovery at lower costs and without the need for additional company-level dilution".
If these words from GH don't instil even more confidence, little else will. The trucking sounds like an already foregone conclusion and GH's reference to the value increase to nearby deposits because of existing infrastructure is very noteworthy. The final word on the impact this has on accelerating exploration of the discovery is the pincher for me.
MH
Which would incidentally mean 8 new pads, with 8 rigs...
Chart, I think there might be 2 new pads there, image is a bit blurry.
MH