The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
As posted here by MH01 :
I repeat the link as I found it to be just , an accurate synopsis rand great read!
Https://investingstrategy.co.uk/mining/gold/investing-strategy-the-greatland-gold-edit/
If nothing else, it will give any new (or old ) investors who like a detailed summary; an insight into where GGP have been and the journey up to now, for clarity all in one space, possibly then a few insights into what might happen as a bonus muse. Thx MHO1
My own observation is that we are all pretty much just full of conjecture, theories, (conspiracy or otherwise) and some boredom and frustration amongst a good number of people, re the long lull in value to SH. I get it and have had a private moan myself a few times over this past 3 years, plus it's the wild west of AIM adding to the uncertainty.
However, it really can't be long now until we get news of our direction. Will we be taken out, Won't we. Will we get dumped by NEM giving us new pastures and power in the future and what will that involve!
Someone mentioned people leaving here for pastures new stock-wise after the interminable wait; but in real terms, if you listen to Buffet and follow and believe also in the Lassonde Curve for juniors going mining etc, then it isn't and hasn't been too long a wait. We just got spoilt (or ruined) by the 37p ATH to date) which has unnerved us even more.
All understandable and without repeating myself yet again, it's all down to seeing what we HAVE achieved (you all know the list of supersonic spped of drilling super board setc etc) so fundamentals also of Hav as a gold discovery of proportion; and the ambitions of SD.
Do you stay or do you go? It's what a lot of people are debating. But you have two choices and not an easy choice for some. Nor me in some ways but damned if I would dare miss out on what could be a phenomenal future ..but that's my choice and my opinion.
I think there are many on here that need to make that decision themselves to sit comfortably or be content with sitting on a prickly cushion that itches every now and then, with the nails of doubt! Choices choices!
GLA!
It is nothing those of us who have followed the journey don't know, but it makes for a concise read.
Hi Froggzy,
Good research , though to be fair, a caveat to that article may be true enough now, as NEM have taken over NCM which would include all of it's assets.
However they do also intend to potentially make some divestments going forwards and I doubt we will hear about those immediately, the vote has gone through, but rather in the coming days, weeks or months dependent on NEM leadership team.
Just a caveat. It could well be the case, but don't think it is gospel just yet, in case people speculate too soon.
ATB
Thx Paddy ,
A quick listen to SD on Sunday Roast & amongst the banter ; geopolitical talk , takeover talk etc I came away with some thoughts or interpretations of his answers or comments.
1. On the face of it his party line is still that he’d be surprised if NEM overlooked Havieron as part of their new mix going forwards.
2. We’re well positioned for any decisions made
3. Despite market expectations, strategic timing is everything
4. Re the best advice he’s ever been given ? “Life is about optionality “
Hhhmmm. Interesting and most of the above are my interpretation of his words bar the quote.
My view is this and a repetion of a lot of the recent observations we’ve made.
He’s not unaware of market ( and shareholders by default ) expectations BUT it’s about ducking diving and deciding and I deciding ( eg ASX listing ) along with whatever is thrown out us ( ie takeover. Bissau. Etc etc etc press leaks. Wars. So many changes or new events that have perhaps deviated our path !)
It would seem he firmly is saying NEM will take us on and be fools not to , but we may also have more options he’s ready for. So confused mixed messages on the face of it. But imho only , the words he keep repeating of ‘optionality ‘ makes me think we have win win win months and years ahead.
All these delays could be creating the perfect gold storm ahead.
All is crossed! Nail - bitingly waiting for good things ahead and my goodness will we have deserved good news in due course !! What a rollercoaster it is !
Thanks to Hopefullygold for link to John feneck ,PM consultant talking about his overview of time spent with CEOS at major PM conferences and his own experiences and expertise on what’s happening with mining stocks in general.
My takeaway ,pertaining to our own situation ( and note he doesn’t talk about GGP at all ; just junior and major cap miners in general , is that in the three three years and few months ( since Aug 2020 ) gold stocks have been decimated despite or in spite of excellent drill results being released regardless due to sector sentiment and timing etc.
He believes the gold sector will rotate next year . This gives life and heart to our own predicament of excellent drills not shifting the dial of late etc.
Add to that imo, and many others here who research , that were in flux due to takeover giants in play but now confirmed , that there’s been a pause on top of sentiment which has added to our woes.
We’re in a high risk business where expenditure is extremely high also to fulfil a major project and dilution always the only way for juniors to progress a strike : but we have major backers in our extraordinary case : a super board , a head honcho master chess playing leader : and monies in the bank and promised loans in reserve and potential upcoming opportunities we might never have seen had this time consuming takeover not coming about.
Therefore I choose to believe it’s serendipitous that we have the right leader the right team the right jurisdiction and the right commodity in an uncertain economy and a war -ridden world , in place waiting to escalate.
Time. Patience. Facts upcoming leadership. Fate and luck. All to play for. Excruciating wait tho it might be !
GLA!
Thanks!
A sensible (and logical ) article there......so it's all to play for. Sandeep's departure and Newmont's arrival could be the best thing to happen for us in the last 3 years if SD and super board has his/their way I suspect!
I know I am jumping the gun here...but empires are started from golden opportunities or someone else's mistakes, mishaps or misdemeanours.. or just simply mergers!
Hope I'm right! Slow pathway to success and profits if so, but better than the staus quo inho!
Think the facts are:
- that we have no facts as yet and until the merger is complete with NEM/NCM we 'won't' know!
- common sense and historical evidence would suggest that if an imminent takeout then there follow usually a leak and rapid escalation of SP in anticipation. We are sat at 6p currently but it is what to look out for in advance of news
-it is business as usual and indeed good to see the outline in the job ad just posted for bus exec that terminology says 'aspiring developer and producer (of multi mines etc) witht he caveat that it is business as usual unless otherwise stated as fact.
Think what I'm saying is that there are a number of scenarios and none of us can guess currently, IMHO on our way forwards with so many possibilities and potentially opportunities ahead in this current scenario,
My suspicions are that SD has more power to his elbow and potential given the current facts potentially and if, as he states, his desire is to lead a multi asset multi billion dollar enterprise: that he will do his damndest to play this chess game to his/our advantage, but we watch and wait to see how it gets played out!
All I do know is that in this scenario and with Twiggy Wyloo and banks and logistics in the Paterson and Hav all on our side; he has a good chance of playing David to Goliath. IE More chance than if Biswas was still in town!
Let's wait and see which side it lands. Either way it is nail-bitingly exciting , but I haven't waited all this time for a miserable 3 year low when we have so many chess pieces to potentially to play with.
It IS nail-biting though as we are still a David.
GLA!
Think from memory ,SD enthusiastically mooted that we would likely / hope to achieve c50% increase on current reserve , which , at circa 6 /6.5 m oz au/ equivalent would make my sums around 8-9 m oz.
Anything more I suspect would/ should be a bonus. Expectations should perhaps be along these lines whenever it ‘is’ announced !
Slowly slowly catchee etc
GLA!
Catalysts to remove uncertainty for the market in the next 6 or so months will be :
- NCM/NEW Resolution
-Feasibility Study
- Decline reaching orebody
Known factors maybe, to us all , with tis current demise of SP value, but of course critical to market entiment, and therefore value lifting.
Let's focus on these and anything else SD and the new board bring to light post takeover completion. Which let's face it, is almost a foregone conclusion and just days away.
GLA!
Panama
Hmmm their description (Newmont) of a Tier 1 asset:
''Tier 1 asset. Defined as +500k GEO’s/year consolidated, average AISC/oz in the lower half of the industry cost curve and a mine life >10 years in countries that are classified in the A and B rating ranges for each of Moody’s, S&P and
Fitch.''
In Shaun’s own words Havieron is a major asset to launch pad off for a junior and is more impressive than the discovery his former company Northern star launched with !
It’s not to be taken so lightly I think and whichever way it goes is a valuable ace in our deck of cards.
It’s a very interesting and nail biting scenario. But I agree that this super circle board of steel is not here for just a ‘possible ‘ new discovery. There HAS to be something significant in our armoury for the likes of the assembled super board ; the savvy of SD playing David consistently to the three now Goliaths; and not forgetting Twiggy ; Wyloo ; and several major financial institutions putting up monies !
It doesn’t / wouldn’t make sense to me if there wasn’t a long term plan.
Let’s see which way the cookie crumbles. This is an intriguing combination and a tense but exciting time.
I’m all in. I’m sure others are too. I am wagering that we’re right to be. We need a bit of magic and lucky timing and fairy dust but we already have the concrete pillars of business savvy in place !
GLA!
I would like some clarity but recognise that whilst the takeover continues, that GGP will not be at liberty to disclose this and may not even know themselves which way the cookie will crumble. Although I expect SD does have a good idea and I am just waiting to find out and I truly hope it is for good things to come.
I rate him highly as a savvy and strategically focused operator. The Winston Churchill comment in the webinar i think, was telling.
When things change I change my mind....or somesuch! The chess game can only be played when the opponent makes a move usually unless you can second guess it. I imagine there are multiple strategies in play or at least planned for depending on outcomes of NEM/NCM decisions.
A sale of our 30% with a base of 6 odd pennies does not excite me . I cannot see how we get to 80 plus pence from here based on what the market knows. In the event of a leak at any point of a sale potentially, then the SP will rapidly rise. But would it rise sufficiently high from this low low standpoint? I doubt it,
We need more things to come to pass and a higher SP for that. If of course we intend to acretively acquire.....then I maintain that at this lowly figure it does still make a difference to the purchase price regardless of what NEW/NCM 'know' . The market is currently unaware and our face value is low and Telfer is worthless in the wrong hands.
I watch and wait. I would personally love a quick outcome but doubt the sale of 30% at this juncture would give me the value I require. In my view only I perceive an 80 p plus SP to be the outcome of years more building blocks unless a lucky strike or two come off. I hope they happen! Otherwise the chess game continues I hope until SD can manoeuvre a way to make us a multi billion dollar operation
GLA!
Rubbish!
I'm as peed off as the next person on delays to ASX but understand the timing has been jiggered by major events (takeover etc!!between the worlds largest gold producers no less!)
But this MD and assembled super- board, for a tiny junior has achieved things GH never could have. I don't blame him for taking his millions at 22p but I do blame the manipulated hype preceding that. He could have omitted that bit at those levels and spared himself that legacy after doing a good job being the front man for GGP with Callum as the expert geo making the discoveries. All hail Clalum and Havieron!
This 7p SP sucks and I agree with that bit but the world is a very different place to 2020 when covid and hype and plentiful new investors hit us all and rendered us all complacent to an extent and ready for more.
But now we have what we have:
-A bloke who has almost certainly saved us from a 3p equiv or 10 p max takeout
- A super board and they aren't here for pennies
-An Oz listing to be with pensions monies incoming
- A man whose chess- playing is extraordinary to say the least! (I am in awe of that)
- A communicator who is strategic and chooses his timing wisely (we pray!)
- A humble guy who does not turn away small investors for only the big guys and girls
-A networker who is literally everywhere wherever he needs to be in the world (no mean feat)
-A David who builds alliances with Goliaths who seem friendly (Rio) and squares up to mean Goliath-types who try to screw usover
etc etc
give the guy a break and let him prove himself. In my view he is doing a great job with more to come!
It posted b4 I finished.
My point is that until SD can reveal more of his plans officially there are no other questions from me until he does and I am guessing unless a surprise revelation as icing on the cake tmw via an RNS, we will have to wait until merger official and then we see what part of the cake is ours/theirs/ up for grabs etc!
But it's great he is releasing news. Great he addressed the leak and ASK for now and so on. One can't say h is not trying to keep us informed with what he can divulge.
Also along with others my concern is that the SP makes us vulnerable. However, as the expert and knowledgeable operator himself would point out.....if there were a sniff in the air of us being taken over then we would not be languishing at 7 pennies...we would see a very swift rise IMHO , so it aint happeneing yet, if at all.
Waiting and Watching. Hope theres news tomorrow that shifts gears for us but so far so good as far as his strategies go
GLA!
Hi Speedie et al,
Yes sad I one make this one as I think it is a critical one in some ways and I look forward to the feedback, with thanks in anticipation. Some of you have my direct details and I'd appreciate an update accordingly.
Re what he can say, well that's the question and only one he can answer. Other questions around major updates, raise and ASX issues have already been discussed and
I hope Shaun will impart more than just steadying the ship although unless he is at liberty to release more market sensitive news via an RNS tomorrow then