Member Info for mushroomkid

Bellers, try it again. It's a bit like those little cartoons you can get where you have to spot the difference between two drawings. Look for evidence of drill holes and a cursor which draws your attention to them before the slider goes back and forth.

That's a terrific video link AM90. Thanks for the post (9:01 am for anyone who missed it).

Look at the activity!

I think the tedium with tgf is the fact that it doesn't matter how much he is countered and hydrogen, in particular and with amazing determination, dissects, counters and re-informs, he just keeps coming back with the same re-gurgitated twaddle. You might just as try whistle out of your ahhs as to correct him.

The trouble with his twaddle (nice ring to that!) is that it looks scientific and informative which is why it is misleading to newcomers. Not on that. Not on that at all. A bit like that other poster, whatssisname (I'll never forget him) who used to fill up the board with great toilet-roll posts of complete tosh.

Unfortunately, I cannot buy any more of this share on the dip since all my funds are invested!

I know we come on here, chat and watch the sp move around (down so far today) but these dips mean absolutely nothing other than giving an opportunity for top ups and for new investors to come on board.

Spy, then it's a symptom of HMRC being incomprehensible perhaps or even confusing maybe?

If it's the tenth time and I don't doubt it, to me it shows a greater interest in our share.

I'm all for helping people if I can.

Guys, I respect you all and in many cases we are blessed with the some real industry experts on here: People who have helped me make some real money on this share. But for those of you who were very critical of the basic information sought by a new poster on the board did you stop and think that it was precisely BECAUSE you are knowledgeable and respected that the poster felt safe enough to ask the question?

Please do a google search for the Hi Fi shop sketch from Not the Nine O Clock news and spend two minutes watching it. You'll know exactly what I am getting at!

Have a great day everyone. I'm off to coach some walking football!

Inevitably there will be some 'down' days, where I often feel the share price has been manipulated somewhat by market makers (e.g when it miraculously starts and finishes on exactly the same price) but facts are facts: The sp has risen by 3p per month for the last three months. 3p is 24% on top of the current price. I'll be happy with that steady pace which will attract more investors to the Greatland 'family'. Awww. I'm such a softy you know.

I read it too h.

' The cost of production for the first ten years will be less than $100 per ounce. The average production cost during the life of the mine is expected to be less than $250 per ounce'.

Crikey, these costs are way lower than I had believed applicable to Havieron.

Haha ..CTC. I don't know why I bothered with all that 'simplistic' calculation earlier on. I should have just written '74p, take it or leave it'.

That was an interesting link schlemiel and indicates the importance of continued exploration of the other fields and in sequence, in order to keep the sp on a steady footing.

Beauty...having been on this board for some time, the ?? symbol was recognised! :)

Good luck with your investments but to answer your interest. Everyone here, and there are hundreds, believes that this company is going places and the share has a lot of growth potential. Don't take my word for it though. I'm just a silly old fool , as my mum used to say :)

I should have said an income over several decades not several years for income, if this mine is as big as it looks!

I'm trying to eat my cereal while reading the replies!

Ok, so what we still have is a share price that is purely speculative. The perceived value considers the net 'commission' to GGP, over several years from the proceeds of a mine that has not yet been fully uncovered but looks gigantic from early drilling results. The costs associated with this production are less severe because the joint venture partner, Newcrest, the guys doing all the donkey work on the ground, have lots of lovely equipment and manpower just up the road at the Telfer mine. Newcrest are going to rush into production because the Telfer mine is reaching the end of it's productive life cycle. That will in turn speed up the whole process to when they start mining and thus the income stream to both parties.

In view of the perceived deposit already revealed, Newcrest would probably be out of their minds not to buy up every little piece they can and should they adhere to the contractual agreement that gives them the opportunity to buy 75% (even if the last 5% will be expensive in comparison to the first 70%). That leaves GGP with 25% as per my opening post.

Of course, Newcrest may decide to alter the future for GGP by making some corporate moves that entail buying up the mine or GGP in total. This also adds to the current share price because it would undoubtedly be a favourable orice in view of the perceived value in Havieron.

That's it so far except Beauty, please let me know who gave you those guaranteed tips. I'll arrange for the police to come round asap (jk)

A flurry of replies. Thank you! Im going to adjust these figures later today I think. Yes, the cost of production may be overestimated in my calculation, in which case the commission to GGP would be greater of course. Also, the production will be over many years so the profits will not be realised immediately. Finally, I am convinced that NCM will buy up all those percentages in the end and reach 75%.

I like to keep things simple as it suits the way my brain deals with things. How does this look?

Havieron could contain 20 mill oz of gold. It takes a lot of effort to extract it, so although gold is £1300 per oz on the open market we need to deduct these extraction costs. Lets say it amounts £1100 per oz, leaving us with £200 per oz.

We need to give NCM their share of this profit at the contractual share of 75%, thus leaving us with our 'commission' of £50 per oz.

£50 x 20 million is £1,000 million. We have 4000 million shares in existence. Therefore each share would be worth 25p.

Our share is only worth 12.5p because production has yet to start. So this reflects a value that is 100% speculation and 0% income.

There is some value in the copper which I have ignored as it would be offset against GGP cost of management operation.

On top of this is the unknown value in several other GGP sites but we can't attribute a proper assumed value because it would be highly inaccurate at this stage.

Please correct me if I am too simplistic or have used the wrong figures!

I know Estepona Truckerboy. I remember we went into a restaurant there one night and gave the waiter a tip in coins all marked up on the table to form the word 'Gracias'. How odd to remember such a thing.

Hope you get there!

Cheers Panama and I must say I love your upbeat stuff on here. One of my experiences is in improvised comedy theatre. There is an exercise designed to clear the mind before a show called 'Fortunately/Unfortunately'. One person comes up with something negative. It could be anything at all but it might be for example:

A: It's going to rain today.
B: Fortunately, the flowers need some extra watering and will bloom with more radiance!
A: Unfortunately, I dug up all the flowers yesterday and threw them on the compost heap
B: Fortunately, the worms will have more food to eat and they will be bigger for fishing trips!
A: Unfortunately, I trod on my fishing rod today and broke it.
B: Fortunately, I have here in my pocket a tube of 'Mega fixes Everything' glue!

etc etc etc and you are DEFINITELY the 'fortunately' person. Keep the flag flying!!

Haha Truckerboy...No we are quite happy with 'Spartacus' as we have nicknamed him.

Estate agents are coming around on Tuesday to assess this place for rental and all things being Covid-free, we shall away in September to start a new adventure.

By which time we will have been taken out for £1 per share and sipping champagne from a water bottle en-route. :)

Panama, I owned a house down in Spain for ten years and spent many lovely holidays there. I used to enjoy listening in and eventually join in on the passionate chat about football that used to spring up from nowhere. The Spanish love their football even more than we love GGP. Imagine that!

Anyway, that is precisely what we are doing here. Truth is, no-one knows what is in the minds of the ceos in charge of GGP and NCM or the size of Havieron but what fun it is to speculate about this and that eh!

My personal favourite this morning is the 'just give us a £1 a share and we'll call it quits!' Classic. Now wouldn't that be nice.

Panama, I really don't know. I guess you mean at least a 51% interest in every mine?