Member Info for OilMonkey

Couple of years ago we had 100mph winds ripping through and big waves. Just got told to stay inside for a bit haha. Glad i wasnt on an FPSO.

@Marmaris - im a production operator UK north sea sector currently.

What would be any benefit to us as shareholders in a dual listing?

Cheers Speedie. When i sell/we get bought out the plan is to pay off the big bad M. Then i might not need to be an offshore oil monkey until im 65.

What if, like me your PF is 99% GGP (because GGP was the first thing i ever invested in and it keeps going up hence eggs basket etc.).

Id be loathe to sell 25% of my GGP and put it in to physical gold.

What do you reckon?

Thanks Kempey, so they are factoring in potential hiccups along the way. With the way things are progressing though i see all hurdles being cleared with ease. The pace of this JV is nothing short of astounding.

Can someone explain what 66p unrisked means. All i see if 33p from Berenberg

Phoebus - sorry. Perhaps not FA from the start of drilling. I got in GGP Jan 2019 after those initial results so my first 12 months it really did do FA. However that allowed me to slowly but surely build a position buying a sub 2p.

If the fundamentals are good but the price remains low for a while it really can be a golden opportunity for PI's to build what could become an incredible investment.

Where's that then St Tropez?

That GGP will eventually become a mining company IMO given the credentials of our incoming CEO.

Probably another day to stay off here and read proactive instead of the tools like Arnold.

To drop the SP. Good results, new CEO who on the face of it seems highly experienced and a great candidate. What next we discover another tier 1 asset and they drop it for that?

Christ.

This is just a drill.

GGP were pulling outstanding results out for 18 months on a regular basis and the SP did FA, until one day the market began to take notice and went up over 1000% in a year. Might happen here, who knows when.

To clarify - i have expected the drops based on what i have observed whilst being a holder. Initially it bugged me that we would get a great RNS and the SP dropped, now i just roll with it.

In the 2 years ive been in GGP ive expected the SP to drop on every good RNS and 9 times out of 10 it has. That being said ive still never had the cajones to sell and buy back. You never know, one day you might well get caught with your pants around your ankles...If i did have the stones for it i could have probably added to my holding quite significantly at 0 cost but could never bring myself to do it.

1219 - in any exploration venture for minerals, be it gold, copper, lithium, oil, gas, coal there is ALWAYS the chance that you come up with a duster.

However the technical people crunching the data know how to pinpoint targets very well.

Drills in the ground at Scallywag are far from pot shots, they are based on historical data and GGP'S more recent geochemical and geophysical data sets.

Its like the bonus on catchphrase, every square that gets removed (more data or modelling) reveals whats going on and the clever contestants (geologists) can work out what is very likely to be behind the whole thing without yet seeing the whole picture.

I guess it makes more sense to focus on prospects in the Paterson to work with NCM and have EG on the back burner for now. The massive benefit of the prospects in the Paterson is their proximity to Telfer. No new major infrastructure needed to bring them in to production.

For further perspective on the potential of Scallywag copper

The crescent sulphide zone forming part of the MRE has a grade of 0.61% Cu, thats better than the Winu average and close to their high grade zone.

If Havieron is a gold deposit with some Cu and getting 0.61% Cu and Scallywag is a copper deposit with some gold then what grades of Cu could we see?

GH - "Even low grades of copper will look interesting"

Keep that in mind when Scallywag results come in and we get Bob, Arnold & Mister Miagi et al. back saying the grades are cr@p and not worth mining. They would probably be saying that if we hit 1% copper average.

Also since we are all used to g/t gold being the focus, for perspective Winu has an average grade of 0.45% Cu, with their high grades being 0.68%.