Member Info for OilMonkey

NCM are funding drilling in the Juri JV area, GGP will be funding their own drilling campaign at 100% owned Scallywag. This was confirmed by GH in a recent interview when he said somethi g along the lines of drilling projects at Scallyway in early 2021.

Zoros, i dont think there are any leaks. Its the fact the big guns have begun cottoning on to the value that GGP will realise over the next months, years (decades?)

Invest2save

Take a look at the GGP help website, and watch recent interviews with CEO Gervaisr Heddle on Proactive Investor. They should give you an idea of where the company is heading and the guy steering the ship.

For what its worth, ive been in since Jan 2019 and my last buy was a month ago.

I have a toe dipped in OMI and watched their CEO Brad George give a presentation last night.

A question he got asked was how long until they get drilling results back and a comment he made about how labs work is important to us for Scallywag.

He said that labs deal with core samples in batches and work a full set through from start to completion as they arrive. What that means he said, is that if your core samples arrive the day after someone elses set they can sit there for weeks until they begin analysis whilst they finish the full suite of analysis for the set they are currently working on.

With the frenetic activity in WA right now its pretty likely our cores have been sat there im the queue rather than loads of different cores all being analysed concurrently.

For that reason i think the Scally RNS wont necessarily be before the AGM and will just drop out of the sky like the JV RNS.

My thoughts on it exactly Napthman. I bought a few grand in them over the last couple of months. Will take a look again in 5 years.

It can be my dessert after the GGP main course.

Sand,

Not to worry either way IMO. With the Scotiabank valuation on HAV alone we are undervalued not including any other licenses.

Scotiabank, one of Canadas big 5 banks, the 3rd largest by deposits and MCAP. These guys aint making calculations on the back of a ciggy packet, they know their onions. Putting wildly wrong valuations on assets would land them with a whale egg on their face.

From that i'd infer some confidence on their valuation.

So why is Mr Kipling baking his Battenburg still trundling around thinking we are panning down the creek rootin' and tootin'?

Paddy,

Do you have some kind of satellite dish hardwired in to your brain that continually scans the airwaves for GGP related news?

It amazes me you're almost always the first to notice indirect GGP related news.

You are an unbelievable resource of information for us PI's.

Thankyou.

Why is it people think this is "giving it away"

Whats not to understand in the fact NCM explore and develop (hopefully take through to mine) these prospects far far quicker than GGP ever could (if at all ever currently) given they have Telfer and the big guns in technical expertise.

That leaves GGP with the years of profits from potentially huge deposits which may otherwise go undeveloped for over a decade because we simply arent big enough to go it alone (Yet).

GH is a shrewd operator, playing the long game here. He knows what path to take to develop GGP in the fastest and most economical way. Keeping every license 100% owned but generating 0 revenue would be signing the death warrant and end in years of dilution until they could get in to production on their own if ever.

People should stop questioning why we are 'giving it away' and start focusing on the potential to realise a significant revenue stream from these projects in lightening fast time.

Or as the Scots would call him Boaby235...

Bob, yer a right wee boaby.

Could you be any more transparent?

Oh, im new i have these two questions. Oh, and also im outting my reasoning up now for why i cant reply.

Lob grenade, run.

Haha, good joke fella.

I do honestly wonder if any genuine investors make decisions based on forum clowns that appear here.

Ha.

Everytime we have some lunatic going on like our pal Bob the share price steps up to the next level. So welcome to the group Bob, your presence bodes well.

The last time it was TheGreenFool...i cant remember those in the interim but there were others when we were sat around 1.7p swearing blind we were going sub 1p. It happened all the way though the GGP journey over the past 24 months. These guys are good omens, they either want in lower or are absolutely p!ssing their pants over their short positions.

Im in both and youre just comparing apples to oranges.

Lenz,

My holding isnt a 'i can pay my mortgage off' one..
More of a i can put this money down as a bigger deposit one. If i hold long enough it might end up the former which is why im loathe to sell.

As far as me deramping does - Absolutely not.

Ive been in GGP 2 years almost, and i keep an eye out multiple times a day for that little red dot on our next piece of big news every day over those 2 years. Now is no different, my faith in this company has grown and grown. So much so that when i was at a 25% loss after my initial buy in at 2.2p i accumulated more in the low 2's and the 1's (my god how i wish id bought more, i used to jokingly say to myself the wolf of wall st quote...the only problem youre gonna have is you didnt buy more...and well, it is). Once the SP started rising ive bought more at 4, 9, 12 and even 24p recently because long term i am convinced it will grow more.

Floater.

I regret posting it now and have asked admin to remove the whole thread.

I wasnt seeking out advice, its my investment and i can do as i please. Im only torn because id like to hold every single share i own, but reality dictates im going to have to sell a few against my will.

I shan't think aloud on here again.

FYI - I wasnt seeking advice as much as just thinking aloud. I wouldnt take my decision on my investment off an internet forum.

Just a decision for me to make. My preference is to hold for gold as always.

Im buying a house, our place has sold (touch wood). Now i can either buy a sensible priced house and only need to sell about 15% of my GGP holding, or buy a stunning house which would require near decimation of my holding.

Im leaning towards sensible, i think id feel sick if i sell out now with what is potentially on the cards.

I've wondered that myself. Some people saying GGP have to release an RNS prior to NCM seeing results but the line you highlight above re first right of refusal makes me think they may be in on results pre market and have a non disclosure agreement around it before an official RNS is released.

Juat thoughts, i have no idea on how these agreements work.