Member Info for MrEMC2

Yes, NCM confirmation of the 6.5m gold eqv MRE is a welcome piece of news matching GGP's MRE2. But I am puzzled....

What about Callum Baxter's hint in his recent interview that the resource would increase [again] by 50%? Was he steering only towards the forthcoming NCM announcement or something else?

Hi Speedy, great effort by you too by all accounts. Best wishes to you and your wife, Mremc2

In my opinion there was a good deal of investor appitite for all mining shares back in 2020 and if the GGP market cap was 'out of whack' so was every 'Tom, Dick and Harry' mining explorer at that time. In GGP's case there were excellent and exciting drilling results from Havieron but on top of that 'misleading' hype about the drilling prospects at Scallywag (and it took only first set of results from that second tenement to burst some very high hopes).

Referring back to my notes from the AGM on 14th December 2021 the Chairman said to me that £600m was a more realistic market cap for an explorer company (when talking about GGP's previous £1.3bn market cap). That was before GGP's MRE2 so in my opinion 11-12p is too low for the current state of affairs at Havieron yet alone for GGP as a whole. GLA

Hi Everyonesawinner,

"if you look at Newcrest then they have fingers (shares) in most of the explorers around the Patterson but not GGP?? Which is very strange"

I looked at their last annual report

From NMC last annual report (page 175)

c) Investment in Other Associates
SolGold Plc (‘SolGold’) is an Australian based, copper gold exploration and future development company with assets in Ecuador, the Solomon Islands and
Australia. SolGold is listed on the London Stock Exchange (‘LSE’) and the TSX. As at 30 June 2021, the Group held 309,309,996 shares (2020: 281,216,471
shares) with a market value of US$122 million (2020: US$73 million) based on the closing share price on the LSE.
Azucar Minerals Ltd (‘Azucar’) is a mineral exploration company listed on the TSX. The associates’ assets include the El Cobre copper/gold porphyry
project near Veracruz, Mexico. As at 30 June 2021, the Group held 14,674,056 shares (2020: 14,674,056 shares) with a market value of US$1 million
(2020: US$2 million) based on the closing share price on the TSX.
Antipa Minerals Ltd (‘Antipa’) is an Australia mineral exploration company listed on the ASX, with exploration assets in the Paterson Province of Western
Australia. As at 30 June 2021, the Group held 310,010,163 shares (2020: 228,472,719 shares) with a market value of US$10 million (2020: US$4 million)
based on the closing share price on the ASX.
The Group has a right (but not an obligation) to appoint a Director to the Board of each of these associates

Hi Ben, re your post 16:43 you may wish to note that in NCM last annual report (page 190) on 1st September 2021 JP Morgan Nominee Australia owned 141,741,797 17.3% of NCM issued capital. :)

Hi Dip, it is 30 degrees indoors with the windows shut and the curtains closed and the fan blowing. I've got as much energy as the share price but your post prodded me from my stupour, thanks. I am all in here and I could sell out at any time with a tidy profit but not with the paper profits of back in 2020/21. Ever since the 14p raise I really thought we had reached the bottom (ha! ) putting a little bit more of my reserve funds at 14p then 12p and most recently at 13p but I really need that money back as soon as possible as it is making me edgy/ irritable that is on top of the disappointment of the falling share price from 37p. I feel that come 2024 if not sooner we will all be winners and I'll still be with GGP - a once in a lifetime opportunity. ATB Mremc2

Monty thanks for that explanation. I read up a bit more here - yes it is the banks that create more money and that's why they cannot be allowed to fail. ATB Mremc2

https://www.investopedia.com/articles/investing/081415/understanding-how-federal-reserve-creates-money.asp

If you look at the RNS 25 July 2017 PTY were given AUD$25,000 in cash and 65,490,000 shares. So what happened to those millions of shares - must have been sold as they are not included in the 138m total. Hmm! Many making pots money from GGP but others have to wait until ??????????

Perrins, from your posting history looks like you have wanted GGP to be taken over for your quick profit. Have you perhaps been trading in and out trying to catch the right time? This from page 6 of your history

Why I’m invested 12 Jul 2018 20:22 (share price 1.42p)

"With so much promising news and potential here, I can’t believe that the majors haven’t noticed that the value of our company is significantly less than the value of the current licenses. IMO of course, but nod, nod, wink, wink".

Wishin' and hopin' and thinkin' and prayin'
Plannin' and dreamin' each night of GGP charms

All I need to make money here is to see the share price keeping above the 200 day moving average all the time until 2024 as happened between December 2019 and January 2021. That way I wouldn't need any more patience. TA!

Hi Speedy - that would explain why all those commentators who have been forecasting $5,000 to S25,000 prices on fundementals for years have never been right. I suppose as these countries own the most gold reserves in their coffers should their currencies threaten to collapse then they would let the gold price rip - gives them a strong hand! Cheers Mremc2

Riddle : why isn't gold higher?

Debt Gold
US 36.6tn 8,133.5 tons
Russia 295bn 2,301.6 tons
UK 3.3tn 310 tons

https://usdebtclock.org/world-debt-clock.html
https://tradingeconomics.com/country-list/gold-reserves

And note it was at 32% premium - so what premium could we expect if GGP is taken over?

"BHP that it had accumulated an interest in OZ Minerals shares via derivative instruments"

Erm is this happening to GGP by NCM?

How many more billions in interest payments?

"In 2022-23, we expect debt interest spending to total £83.0 billion. That would represent 5.2 percent of total public spending, and is equivalent to £1,900 per household and 2.5 per cent of national income".

https://obr.uk/forecasts-in-depth/tax-by-tax-spend-by-spend/debt-interest-central-government-net/

Forecast 13% inflation will make the burden manageable for the Government but what about the poor people and the burden on future generations? Harold Wilson once put it this way ".......... It does not mean, of course, that the pound here in Britain, in your pocket or purse or in your bank, has been devalued.”

How I wish I could afford to buy some gold sovereigns for my decendents! Will have to make do with the few GGP shares I have tucked away for them.

BofE predicts the UK will fall into recession in the last three months of this year. But In Australia recession is less certain and not until 2023 ( 20 - 25% chance ??). Does this make any bid from Newcrest less likely?

Monty thanks for putting up the charts - soul destroying that first one :( ATB Mremc

Hi Monty, since the share price touched the 200dma at 13.5p we have gone lower and below 100dma at 12p. I know that it has happened over just the last few days so probably too soon to say whether the trend has changed? I am hoping we recover to +13.5p soon and be back on our way to an upwards trend (let the trend be your friend and all that!).

Dip thanks only saying he became animated on that topic whereas he was pretty mono tone the rest of the presentation . Feeling gloomy about the increase in shorts. Shaun should cheer me up tomorrow. ATB Mremc