Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Very good listen - a lot more positive on this podcast. Makes a very good point that the time between the feasibility study and first gold will be unbelievably short in mining terms.
Also the delay in the FS is not only to increase the resource size but to allow for other optimisation studies like using EV's, etc which would mean less ventilation and other cost saving measures.
Well worth a half an hour of your time for a listen IMO.
https://audioboom.com/posts/8235686-midweek-takeaway-featuring-shaun-day-md-of-greatland-gold-aim-ggp
Another podcast out - can't say that he's not keeping shareholders informed at the very least.
ATB - Paddy
The positive spin would be that they are now working much better as a JV team and Shaun doesn't feel the need to "undermine" them by jumping the gun with his own update while still letting them know that if he needs to then it's still within his wherewithal to do so.
He says the Eastern breccia has increased in multiples of sizes and doubled in grade - should be worthwhile waiting until August TBF.
I know it's still jam tomorrow - but to me it doesn't really matter in the short term, apart from looking at a **** SP day in, day out - it's all about getting a proper FS study out instead of another botched effort like the original PFS
GLA - Paddy
So 916 on the 12th October and 1518 on the 18th December - 602m in 98 days. That works out at roughly 6.2m per day.
SD has just said that they are still accelerating so I would think that means it was more likely 5m ish per day in November and likely to be >7m per day now.
The fact that Byrnecut updated their contract end date on their website to May 2023 only this week gives me confidence that they won't be far off achieving that date for the 2600m.
Lovely hits through the Northern and Eastern breccias - they are filling in nicely and as SD has stated on many occasions - the results are a function of the drilling density and we all know the initial concentration was on the highest grade area of the SE crescent to get the starter PFS done. As more and more of the breccias are being targeted then we can see those coming along very nicely indeed -
HAD098W7 - 84m @ 3.2g/t Au & 0.14% Cu from 1,008m through the Northern breccia would be considered a "discovery hole" intercept at many other projects.
Happy days - eyes down now for MRE upgrades and DFS & DTM to follow.
ATB - Paddy
Where are the bad results, these are fantastic results in the Eastern and Northern breccias - remember these are the areas that are been proposed for bulk mining not the high grade SLOS sections.
If the breccias continue to infill at the grades it will be a no brainer for the bulk mine to be approved.
ATB Paddy
Guessing that it's raised because of the recent increase in the Gold price to back above $1900.
We may get a new broker note from Sprott after the drill results are announced on Wednesday - they seem to be pretty much on the ball with their notes.
GLA - Paddy
First bit of good news this week - the Brynecut project page for Havieron has been updated with the contract end date changing from October 2022 to May 2023. Considering the knowledge that they have now from their experience of the tunnelling then one would be very hopeful that they will be confident of hitting their timescale.
https://www.byrnecutmining.com/projects/oceania/australia/havieron/
So the decline will be at the top of the orebody roughly around the end of May or just over 4 months time. We will need the Stage 2 permissions in place then before they can move onto the next phase of the development where they will be driving access into the actual orebody and continuing the decline spiral down the depth of the orebody.
What they will be able to do is construct the underground platforms where they can begin the infill "fan" drilling to start to bulk out the breccia area's thus providing far greater density for the next set of upgrades.
Looking forward to the quarterly from NCM tomorrow night and the RNS update from GGP on Wednesday morning - might be one update too early for the big SE / NW step-out holes HAD169 & HAD170 though.
ATB - Paddy
Spyramper25 is back - nice to hear from you mate. Hope you are well and looking forward to a prosperous & healthy 2023.
I'll see if I can knock something up for you later - desperate to try out the new crayons that I got from Father Christmas......
I'm sure he said they were due to get some assays. They would still need to interpret and collate them before they would be ready to be released to the public.
They are probably busy on the Havieron results which are due on the 25th now so I'd imagine they will be after that, that's my expectation anyway.
ATB Paddy
Hi ace & onename - I think Sherry is pretty much nailed on to keep the position permanently unless she does something silly in the meantime. She ticks all the boxes and listening to the interview & keynote address she did at the IMARC conference, she came across as a very competent CEO.
Looking forward to seeing how herself and Shaun interact considering they have both come from a CFO route to the top position.
ATB - Paddy
Steady as she goes - NCM quarterly is out in less than 2 weeks and soon after that the NCM half year results when we will hear the interim CEO - Sherry - give her first address as NCM CEO.
Juri & Scallywag results soon to drop also - lots of possible catalysts to come.
ATB - Paddy
LinkedIn says they have 18 employees
https://www.linkedin.com/company/greatland-gold-plc-ggp-/people/
I can see at least 12 between LinkedIn and the GGP Website who are not on the board
https://greatlandgold.com/about-us/board/
ATB - Paddy
Performance conditions for LTIP as follows - (I assume that means Long Term Incentive Payments)
"The LTIP award each year is based on conditions set by the Remuneration Committee, which are against demanding targets, including total shareholder return vs a selected benchmark. All unvested performance shares are subject to full or partial clawback, at the Board’s discretion."
GLA - Paddy
Correct @LoggyLogbot - all these options were awarded between 2016 - 2019, both the company and SP have improved since these were awarded so job's a good 'un in my book.
@Blantyreboy - the remuneration policy & framework is also set out in the Annual Report. I believe Shaun has tightened things up considerably since he has taken over and he wants all the employees to enjoy alignment with the shareholders. If we are to grow into the company that both he and we want then he needs to attract and more importantly retain the right sort of people IMHO.
ATB - Paddy
pressed - send too early
Shaun Day has
5m exercisable @ 25p that expire on 6th May 2026
That's it for outstanding options in the Annual Report but there have been new one's granted to the new directors since then which amount to 40m @ 11.9p
ATB - Paddy
@Blantyreboy - All the information is there in the Annual Report on page 34 -
https://greatlandgold.com/wp-content/uploads/2022/10/GGP-Annual-Report-30-June-2022.pdf
But to summarize -
Borelli has
14m exercisable @ 2.8p that expire on 18th July 2023
2.5m exercisable @ 2p that expire on 6th September 2023
2.5m exercisable @ 1.4p that expire on 6th September 2023
That's his 19million left as referred to in today's RNS
Latcham has
1.5m exercisable @ 2.5p that expire on 25th September 2023
1.25m exercisable @ 3p that expire on 25th September 2023
Shaun Day has