Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
So what, Oversold anyway. You could say a mini Cassandra curve for now but wait for SB's next relevant RNS. Let the quality of the find speak for itself. Get aboard while you can at this temporary low.
GLA.
Could not agree more- Thanks Liam & Callum.
My reaction to this interview. YIPPEE.
GLA
Excellent accurate contribution as always Dip.
LoveHandles,
You appear to have no common sense. You pit your wits against a well experienced geologist in Saun Bunn and in effect call him out as a lying or misleading creature who is out to con us all. You should be ashamed of yourself.
I wonder what your motives really are !
So was the 5 Million buy at 8.33 today a continuation of those late buys yesterday.
Confidence never in doubt. Its still a great goer whatever.
GLA
Old decent rules of stock trading no longer apply these days on AIM.
The SP is reduced up to anticipated good news to lower the impact of any price rise (and illustrate insider trading I guess as well) and then manipulated back down after an initial rise to roughly what it was before.
It happens especially when minor exploration companies discover a large find.
A couple of examples- GGP and of course ourselves. No doubt there are several others in that category and many others on Aim that are experiencing similar to a lesser degree in their lesser share price on Aim.
The overall AIM is to basically use any means possible to try and embezzle the shareholders in such companies out of their potential profits by trying to get us to sell our share for a pittance knowing in the mining industry, that to get to production usually takes at least a few years, giving the cheats plenty of time to short, misrepresent news, deramp etc especially on boards such as this. It is rife and the Post Office cheats who sent sub postmasters/mistresses to jail are only dwarfed by what is going on here on AIM.
Hang on to your golden tickets. you know it makes sense because in the longer term it will eventually be mined if its a decent discovery.
GLA
ps Forget those who say it's all normal market trading action of buys and sell -Rubbish - The Post Office Reports of their new system were ignored by nearly all and look what happened.
Well, as a long term investor, at least I have got that of my chest.
GLA
Looks like the 100000 seller is still desperately trying to keep a lid on this sp. No chance now we hope.
GLA
Absolutely delighted that Empire has delivered bang on time with the hopeful Greatland news later today as I thought.
First time ever everything has fallen into place for hopefully a transformational day.
GLA
Bankrupty,
I think you have not been challenged because what you say is correct.
I take it that it will take 6 months to define the specific minerals present and to assess each to see if there is a case for pursuing production in those dependent on spread/quantity/quality etc.
With regard to the titanium and its alloys etc/hosting sands etc it would seem that early analysis provides enough evidence for SB to proceed towards forming a basis for production with the more defined results due imminently as per the last RNS which will provide more detail for the processing team to work on.
An encouraging scenario.
I do like the use of the term "soft rock nature of the Titanium mineralisation" in the latest RNS. It indicates to me for the first time that EEE have used the "soft rock" term and are happy and correct to proceed with expanding/improving their Process Development Team to further develop future processing ASAP.
I expect this to be born out in the imminent results mentioned in that RNS rather than EEE having to contend with "hard rock" nature of the Titanium mineralisation" so it appears to be "all systems go" towards processing to me.
A reassuring thought for the future I think.
SpadesAspade,
Thank you for pointing out my Faux Pas . Apologies everyone. I did try and ensure the dates/events were absolutely correct before posting.
It has happened before. I must be extra diligent when posting in future.
Thanks.
With all the current hype about the possibilities relating to GGP and getting control of the Havieron/Telfer operations perhaps we should sit back and just think about things until the 5th March Shaun Day communication.
I feel strongly we are still in a win/win situation whatever occurs but we have to be aware that some of the recent decisions made by Newmont and possibly others are likely the result of decisions made at Corporate level 3-4 years ago.
There already been a few on here who have said we have been shafted by Newmont twice- Once when they pulled out of the EG agreement and now divesting Havieron rather than seeing it through.
So, in my opinion, we do need to ask whether Newmont in reality want GGP to benefit from the Havieron divestment or ask them whether their Corporate plans do not include GGP (which would make a buy out of GGP more likely which may/would still be advantageous to GGP)
In other words Newmont may have Corporately promised or implied a stake for one their competitors/friends in the eventual control of Havieron in the future. I do realise the failsafe in the Newcrest/GGP JV applies but strange things can happen with potential changes. It is worth a deal of thought and I hope SD has this type of scenario covered.
It seems to me that I need to look at fairly recent (in mining terms) history.
Take for instance a few years back (eg 20019) competitors Barrick and Newmont were fighting to be top dog (top gold producer in the world). The corporate view before 2019 had been that some takeovers were needed to improve the efficiency of the mining industries.
Newmont had taken over Barrick's biggest Canadian competitor Goldcorp which made Newmont top dog at the time.
Barrick responded in early 2019 by trying to takeover Newmont but it was a failed hostile takeover bid.
However Newmont and Barrick (July 2019) joined forces in the Nevada Gold JV for(61.5% Barrick and38.5% Newmont).
Perhaps the Nevada JV agreement was partly to appease Barrick re their failed bid.
Note, it was in Feb/March 2019 that Newmont ditched GGP in the "Not at this time" decision.
Perhaps Newmont could not contend with 2 possible JVs (Ernest Giles and Nevada Gold running at the same time?).
Jump to 2022 and Barricks long term COE Mark Bristow let it be known that Barrick would like to acquire the 38.5% Newmonts share giving it 100% control of Nevada Gold. Perhaps Barrick still have the wish to become top dog. I do not know the outcome of any talks between Newmont/Barrick in this respect.
Suppose Barrick were also interested in the Havieron mine later discovered by GGP it is not inconceivable that certain Corporate discussions have taken place between Newmont and Barrick since with a view to some form of loose agreement in relation to Havieron.
I am sure that many on this board would shout down these theories but we all know that in many cases expected actions do not always occur. Food for thought.
GLA.
Red Trader,
I wouldn't disagree with that.
Remember, Newmont selling Telfer for a pittance is not them being generous, They (effectively Newcrest) will have made their provisions from past profits towards decommissioning Telfer at some time in the future. Those provisions are a significant figure (not sure how much so far but must be in regions of hundreds of millions of dollars. If they succeed in offloading Telfer those provisions can be re-introduced to their books providing a decent capital sum to their savings target for whatever purpose they choose.
Whoever were to pick up Telfer would take on the decommissioning of Telfer but that would be based over many years and the cost can be covered out of future production profits etc or whatever. I do not fully understand the accounting procedures but think the above is on the right lines. I am sure we have an accountant investor who can confirm.
It does look rosy for GGP in the future whatever outcomes come to pass especially with SD at the helm for GGP.
GLA.
Thank you Dip for the link.
Its good that we now have some clarity on the possible Havieron future.
I hold the view that all the positives relating to Havieron in 2024 and beyond including the perceived win, win position of GGP still apply and that we are still in a prime position in the comparative near future regardless of any future developments on any sales fronts that may occur.
I look forward to the next news release by GGP and any subsequent SD interviews etc.
Things in my opinion are still looking rosy for GGP.
GLA.
No matter what, keep pressing ahead for Havieron to develop.
I do feel as a Long term GGP investor that while remaining optimistic concerning the future of Havieron there has been a more realistic approach to tomorrows' Newmont's 2023 Results and their Long term Outlook in that expectations in some quarters may have been scaled back to a certain extent.
If I were a Newmont investor I would want to know the overall plans concerning the Havieron JV with regard to GGP for the short and long term future. I would expect the topic to be broached by Newmont in their report tomorrow as a single reported item such is its' perceived importance.
Clarity, I believe is important for Newmont shareholders for obvious reasons particularly with Newmonts' falling share price scenario.
GGP shareholders will be looking for some clues to the future of the Havieron JV.
Good luck all.
Red,
I fully concur with your sentiments re Newmont.
We shareholders at Greatland have suffered the similar pain that Newmont shareholders are suffering without having the benefit of significant dividend payments to cushion or to keep us onside and we are still here.as good supporters of GGP and loyal Joint Venture supporters.
I feel that Newmont cannot afford to take any action that would seriously diminish the GGP Joint Venture position or GGP's broader position.
I am sure SD will be ensuring our future and feel a positive outcome will result.
I hope you are keeping well.
GLA.
In laymens terms they were using different investigative procedures to those historical drilling cores by the Gov't which did indicate some Tio2 possibilities.
When those same investigative procedures were re-introduced for the core samples (presumably from early 2023) Hey ho there it was.
It was explained in RNS's during 2023.
Ageos,
Your input to the true case for the development of the strike is superlative and exciting. Thank goodness for your geological skills and unselfish sharing of info.
Others may seek to discredit this discovery for their own ends but will not succeed. It's not like we have a huge quantity of shares in existence so each is potentially very valuable in the future.
Don't be shaken out of this investment.