Member Info for MontyMcgree

Thanks

What was the market cap at 35p then and the market cap now

What would the market cap be at £7

Asllankukeli "How long does it take to unsewer the question of is there any meaningful amount of gold in that old mine. "

Well over a decade, this was a news article about clogau from 2014 - https://www.walesonline.co.uk/news/wales-news/resturn-gold-mining-snowdonia-step-8149889

"From a total of 55 samples taken from the mine they returned average gold grades of 67.3 grams per tonne with six results returning greater than 300 grams per tonne of gold.

The highest result recorded 435 grams per tonne, or roughly £10,000 worth of gold per tonne according to current market prices."

Funny isn't it

I found this from earlier in the year - https://www.instagram.com/p/DINVwWUyc5k/

The sponsoring of Ngurra Kujungka

"Ngurra Kujungka is proud to announce a landmark 18-month Community Partnership Agreement with Greatland Gold.

This collaboration will provide vital support for Ngurra Kujungka’s programs, which deliver essential health, education, and community development initiatives for Martu people across the Western Desert.

As Ngurra Kujungka’s foundational major sponsor, Greatland’s commitment marks a significant investment in the future of Martu communities"

That's nice, I hope the company were generous with the gifts and can do a lot of things for the local communities going forward

Got to pay for Hav and the 240,000m Telfer FY26 drill program

Interesting opportunity to add now though isn't it, with the price not really corresponding with how good the news about Telfer + Hav DFS have been

If the worse case scenario is being bought out for a premium it shows how positive everything are here, which indeed they are.

Amazing, credit to Shaun and the team, nice early xmas present for us all

Future is very bright with Telfer and Havieron and I'm sure the Paterson holds other nice surprises yet, thank you Newmont

If you learn about the 2008 crash it's all to do with how financial institutions lend to each other in the repo market, liquidity -how money flows (or doesn't) and sometimes big institutions gets caught without a chair when the music stops playing

^ So Keeping this in mind there was a global crisis just because people lost faith in triple A rated mortgage backed securities and people couldn't get the liquidity they needed - so how is it then anyone could believe we could just switch to a digital currency overnight backed by physical assets and everything would continue on as normal

I bought my first gold coin in 2014

2014 Gold Britannia Cost: £785.97

I remember what gold went up to £1100 I was thinking oof getting a bit pricey now; come a long way in a decade

Than you elements for sharing, very intriguing

In 2020 I drew some lines on the gold chart and forgot about it since, but looking back at it now I think it has turned out interesting so I will share it

https://ibb.co/wZ8WdPqX (chart image link)

I just wanted to make a rough idea based on the past 15 years at what price it might be a good time to buy, sell or be neutral; As you can see it did actually pick out a good spot to buy in October 2022 and four highs you could have sold and bought back cheaper

Since the start of this year gold has gone up so much you would have obviously felt a fool for selling at what the red zone had suggested, but you must admit it seemed like it was actually a pretty reasonable guide for 4 years.. until it wasn't.

Please don't reply like I'm saying you should listen to chart analysis because I don't even listen to myself, just a post a whimsy because I'm surprised how well it worked.

MHO1 you talk about 38p and getting back there but that is a meaningless number because a lot more shares have been issued since then

I think the market cap got up to over 1 billion in 2020, 1.2 feels familiar not 100% on that, the market cap is currently around double so there so "going back to 38p" would be a disaster

My impression is because it's all about money going out and nothing coming in, so when is the next placing

Things are looking good my dudes, great stuff SD and the team, onwards and upwards

No point stressing about the day to day, just let the years roll by and things will work out very nicely here

Newmont gave us on incredible deal that on the face of it doesn't seem to make sense

My only conclusion is the classification of a mine is a contributing factor to their financials and how they balance books no matter what money a mine makes?

Perhaps you have to pay less interest on debt if you have a tier 1 mines compared to tier 2? so it's important for the for the structuring of their debt to move off lower tier mines

Would be interested to know if anyone has any idea about it.

Whatever it is it will just be a small step on a long way up 😎

There are times in history where it's taken a decade+ for the S&P500 to reach new all time highs, you wonder if this is one of those kind of events