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Seriously who gives a flying f**k, it'll open back up nearer 14p on Monday.
Just done so everyone is looking at a big red figure in their portfolio all weekend.
Have a great weekend everyone - go out and enjoy the good weather - Cheers Paddy
Also - I don't know if anyone else highlighted this but I picking up on this in the last sentence from this paragraph - (Caps are mine)
"Drilling to test geophysical targets outside of the known Havieron system have commenced at Havieron North, and Zipa. The Havieron North target is located 2 km north of Havieron and is sited on a magnetic high anomaly. Zipa, is located approximately 1 km to the west of Havieron North and is centred on a prominent gravity high anomaly. The initial Havieron North drillhole did not return any significant results but did intercept alteration consistent with that seen at Havieron. Assay
results are awaiting for the two completed Zipa drillholes. Drilling continues to test these and OTHER TARGETS outside of the main Havieron deposit."
Now from what I'm aware and my observations of the satellite imagery I have only seen drilling at Zipa & Havieron North - so what could these OTHER targets be that they are drilling - very intriguing.......
PMSL - did you not read the Newcrest report last night...
"South East Crescent Zone Inferred Mineral Resource infill drilling was finalised during the period, with 3 further drill
holes completed, and assays reported for all twenty-one drill holes (including 17 drill holes from the prior period).
This drilling is designed to infill the South East Crescent Zone Inferred Mineral Resource volume to 50m x 50m
spacing to support the potential upgrade of a significant portion of the Inferred Mineral Resource to an Indicated
Mineral Resource. Results received from infill drilling support the modelled grade and thickness within the South East
Crescent Zone Mineral Resource extents. "
So we're upgrading a significant portion of the inferred to indicated and we're expecting to take a hair-cut - pull the other one.
ATB - Paddy
It won't be 5/6 years Redtrader because by then Telfer would be out of ore and would be on care and maintenance with the loss of all their experienced staff.
It had not been conveyed to us initially but they have been expecting this slow progress as they move through the unconsolidated upper layers as they need to reinforce the tunnel every metre or so with mesh. bolts and shotcrete. As they go deeper into the harder rocks they can advance much further with every pass before they need to shore up and the pace should pick up substantially.
ATB - Paddy
Good morning all, I missed the results last night due to a bit of a crisis at home - thankfully averted now - and have only had a chance to briefly skim through the report this morning.
Loads of great results (as normal) in and around the SE crescent with the comment - "This drilling is designed to infill the South East Crescent Zone Inferred Mineral Resource volume to 50m x 50m spacing to support the potential upgrade of a SIGNIFICANT portion of the Inferred Mineral Resource to an Indicated Mineral Resource" - particularly pleasing, so all eyes now to the MRE 2 update in the next 2/3 weeks.
Great to see the Eastern breccia starting to finally take shape - the comment that "Crescent style" mineralisation is detected internal to this breccia gives me a nice warm fuzzy feeling.
Havieron North (while not returning any significant assays) still has alteration showing and therefore proves that the system continues on 2km north of the main zones - I would remind people that these were the same sort of results that Newcrest got when they initially drilled Havieron back in the 80's/90's before we hit the jackpot with HAD001 - so there's no way they will be giving up on this area just yet.
They will have plenty of new data from that drill hole to help them target the good stuff.
I haven't read back through any of last night's comments so sorry if I'm repeating any f what others have said but that's mu initial thoughts on the report. GGP's RNS should be out in the next 10 minutes so it will be interesting to see Shaun's take on it.
GLA - Paddy
Proactive are hosting a forum in which GGP will present on the 17th February - the same day that NCM's half yearly results are out and most probably when MRE 2 will be released.
https://www.proactiveinvestors.co.uk/register/event_details/382?viewSource=TwitterUK
https://www.newcrest.com/investor-centre/key-dates
Don't delay and sign up for what should be a rip-roaring presentation - ATB Paddy
Nice bit of activity on the satellite image today - it seems that NCM have re-mobilised to the two drill pads that are just to the North of the sand-dune.
This could be to drill deeper into the SE crescent again or perhaps to probe into the Eastern breccia - one thing it shows is they are still looking for the edges and the bottom of Havieron - Open at depth and in multiple directions as always.
https://twitter.com/paddygall1/status/1485929063243988993?s=20
Looking forward to Thursday night immensely - GLALTH's - Paddy
Well, well, well, what do we have here - a declared short.
So now the boyos who were telling us that there were no shorts are now telling us to beware because the shorts won't be closing and are going for the jugular - give us a break....
We all know what Rick Rule thinks about shorts in equities that he's invested in after doing his due diligence - he absolutely loves it and he loves to see them increasing more & more.
It's all going to get very tasty in the coming weeks - can't wait to see how it all plays out and regardless of the outcomes - all the LTH's are here for the next 2/3 years. Sit back, relax and watch it all unfurl.
GLA - Paddy
I managed to get a clear picture of Havieron on planet. com yesterday.
It looks to me like there has been a step up in activity around the area where the vent shaft is going to be located. I know they advised that they were waiting for approval for the "blind boring" of the vent shaft in the last Havieron update.
I'm hoping that this activity means the approval has been granted and they are underway with the construction.
https://twitter.com/paddygall1/status/1483376066613886983?t=HyvPbUdWVrxTS-nJUCYpkw&s=19
We should get confirmation in the update next week hopefully.
ATB Paddy
Mumbo - I think you have taken my comment completely out of context.
Just because I, as a LTH would back the truck up at 50% lower from here doesn't mean that I think it is overvalued here. If I did I would sell the lot and I can assure you that I still own every single share that I bought in 2017/2018 all between 0.6p & 2.0p.
ATB - Paddy
Well - I know personally of quite a few LTH's who would really back the truck up if the SP were to take another 45 - 50% haircut from here. Who knows what will happen in the short term but anyone who is INVESTED for the long term prospects would snap them up IMO.
ATB - Paddy
Some really bullish bullet-points in that presentation that Artemis released last night - they're pretty convinced that they are in the right dioritic geology that is very similar to what they have seen in the Havieron cores and as we all know Zipa & Havieron North is bang in between Havieron and Apollo/Atlas.
Great to see that they are going to concurrently pursue heritage clearances for their Enterprise targets in the SE - these targets are close to our Meco target and might persuade NCM to begin their explorations down that way sooner rather than later.
So here we are then - only 9 trading days left until we get the next set of Havieron results, will they contain any deep Eastern breccia assays? could they possibly contain anything from Zipa or Havieron North? how much deeper will they go in the SE crescent? will the grades continue to get better with depth in the SE crescent?
GLA - Paddy
Hi Matty - really sorry to hear that sad news about your Dad. My heartfelt condolences mate.
I really admire what you did in leaving work to become his full-time carer, what a tough job that is. Hopefully this coming 12 months will put us back on track with GGP and as a long term prospect there can't be too many better options out there.
ATB - Paddy
Here's the datasheet for that rig if anyone is interested. Interestingly it says the max depth capacity is 3259m so they can go a bit deeper if required :-)
https://irp.cdn-website.com/54b6d875/files/uploaded/SANDVIK%20DE880%20MULTI-PURPOSE%20SURFACE%20DRILL.pdf
Mitchell's are looking for "Deep Hole Diamond Drillers" for immediate starts at Havieron.
https://www.mitchellservices.com.au/careers/
"Based in Telfer for a full-time contract with 10% super paid on all hours worked. Manage your crew whilst drilling to 2500m on our Sandvik DE880 rig."
Well Shaun did say that the ore-body seemed to be plunging to the centre of the earth so 2500m seems like a decent start.
GLA - Paddy
https://twitter.com/GGPHelp/status/1481253983016661001?t=Q2vSZ-DEjlR_0vyAxvR45w&s=19