Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
GGP has always been a once in a lifetime opportunity for me and my family and still is. However, I have also dreaded a possible return to the 4p - consider it a possibility on the Lassonde Curve even though "it will never happen" it's been said a number of times (ha, none on here thought 6p was coming again!!). I'm not happy with the drop from 37p nevertheless, the future looks very exciting and I believe at some point the second wave of the Lassonde Curve will kick in so as an INVESTOR I don't need to do anything but be patient, patient, patient for 2024.
Not forgotten that SD mentioned "looking to buy another asset with a clear path to production" at the AGM on 6 December 2022. He also hinted then that there could be more business to do aside of the disposal of the New Zealand tenements.
@Kevin0541 You have been in GGP for a long time and in the past you were very bullish about GGP; you also acknowledged that Haverion is one of the biggest discoveries in the past decade. I hope you can rekindle some of that positivity again. AIM is the WILD West but GGP is a once in a lifetime opportunity. Good luck Emc2
Hi Monty,
Please would you post an update of your chart?
https://imgur.com/q3WMti5.png
I would very much like to see where we are in relation to the downward channel. Also in the last couple of years there was a dip in the share price in May. So the question is have we really broken the downward trend line or are we likely to go back into the channel? Probably too early to tell as we have been above 8p only for a short while. ATB Emc
@TT re your posts 12:04 and 12:08 today
Hope this helps with your questions
With credit to Dip
Notes from LSE Town Hall Zoom Q&A - 09 Mar 2023
https://www.ggpchat.co.uk/viewtopic.php?t=678
"if all states all things being equal on the ASX we think there's mandate ASX mandate locked funds on that ASX have an interest in resources who we've met with who express an interest investing, there's never guarantees but we bring that demand onto the London Stock Exchange
- those Australians don't have shares so they're not coming onto the London Market to sell them they're coming on to buy, so we think bringing on extra demand is really beneficial, work out how to optimize that "
I have faith in applying the Lassonde Curve to GGP and that shows that the second wave will produce a higher share price than the first wave irrespective of consolidation or share split. eg 37p , £3.70p or 3.7p for the first wave , the second wave share price will be a lot higher in each scenario.
If GGP is to become a multi billion dollar company consolidation is a given at some point - look at these examples of number of shares:
Newmont 794.71M
Newcrest 816,071,894
Fortescue 3.08B
Barrick 1.771B
Northern Star 1,150,204,664
Evolution 1.84bn
Average 1 year target 16.31p - I was hoping for more.
https://www.nasdaq.com/articles/greatland-gold-lse:ggp-price-target-decreased-by-20.06-to-16.31
Don't confuse pence with Australian cents. 20 cents share price is needed for ASX listing that's about about 11p per GGP share.
Also bear in mind that there will be well over 5 billion GGP shares quite soon (pre any consolidation).
"The Company, ...... has agreed to issue to Wyloo warrants to subscribe for up to 352,620,000 ordinary shares in the Company, at a price of 10 pence per ordinary Share ... ".
In addition there are over 200 millions of Director share options in the pipeline.
Would not be surprised if more shares are issued with the ASX listing as the Board already has the authority to issue more shares to take the total to nearly 6bn shares (pre consolidation).
3rd May 2023 23:01
https://www.bullionbypost.co.uk/gold-price/world-gold-price/
Whatever the size of the assets ; whatever the glittering prospects ; whatever we think of Shaun Day and the Board; whatever charts, Lassonde Curve , TA etc might imply the fundamental fact is that GGP is an AIM company and anything can happen (including making a fortune). I missed out on a fortune in the 30ps and it was my own fault but more so by failing to keep that fundamental tenant at the forefront of my mind day day out. So yes we should always keep alert. This is business as they say!
I do hope everyone invested in GGP makes a fortune. GLA