Patience.4 May 2021 16:35
There would always be many things to consider in this transitional phase of our development. The replacement of GH with SD - although always an admirer of GH I can understand if he was given a slight push or more to let SD move the company forward. SD is obviously well qualified for that task and must be working to a master plan with maybe a few slight amendments along the way. The way may not be easy to achieve and may prove painful for some investors who have in the past along with GH and the Board have pushed this forward by playing their part.
It has, I think, now changed and the seeking of corporate support from large USA/Canadian (assumed, not proven by me) and more likely a much wider World base is the order of the day but there is likely to be a cost in terms of reduced share price (not solely for this reason) for a while.
It probably would have been anticipated/agreed that GH would sell some of his holding- and who would deny him that right- and maybe certain things on the news front relating to results reporting by Newcrest were modified slightly to try and partly offset any changes as a result.
I take a great amount of comfort in Sandeeps Newcrest exploration statements that every Havieron drill hits mineralisation, If they go deeper or in any direction it is still open,etc, etc. Whist Newcrest know exactly what they are doing it may be that they are struggling (workload) with anticipated updates to the original inferred totals which is why there were no actual quantity updates in the latest quarterly results apart from a few drill results-but Newcrest may now concentrating solely on producing the contracted MRE on time for Havieron.
So we still have the anticipated much larger contractual MRE figure still to come later this year with less lead up speculation. This will be the main springboard for the share price.
The springboard share price rise could be started by GGP current drilling results but we all know that the likelyhood of hitting a second Havieron with comparable grade drill results first time at new prospects may not happen before the MRE but we can live in hope.
The thing is current new totals we are waiting for are not the cause of the current falls which bodes very well for the future and with the brilliant Bamps in depth knowledge/forecasting we can remain extremely confident that the SP will move forward at pace when the time comes.
I can really see nothing to stop it.
GLA and keep holding/loading if you can.