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Didn' t last long.

But spread increased by lowering bid to 8.9.

Easy to buy on HL at 9.115

I think TomE has said it all.
It does mostly work as GGP are so strong and has been undervalued-Having done this over the last 12 months (Only a comparative small investor). My GGP average price paid is up but my profits on GGP have escalated quite nicely.
You do need a strong constitution, though, if GGP becomes a +90% ratio of your portfolio which is against all conventional wisdom and I remember the Newmont Saga all to well. But long term as we all know it has recovered nicely because the Basics were good and still are.
I have also been able to re-assess the investments I sold re-buying at a lower price a couple whose case still looks relatively positive but risky and are currently unloved by the market.

16/12/2019. SB media release.
"A strong exploration programme continues to deliver promising opportunities including access to a prospect in the East Pilbara Region of Western Australia (Havieron Deposit) which subject to drilling and further study could considerably improve the profitability and extend the life of Newcrests nearby Telfer Mine"
Thats what they are still driving ahead with at pace and is their main exploration focus as we all know now. It was noticeable that no other exploration projects were mentioned in that particular release.
The futures proving to be very bright.

Todays slightly unexpected rise was against the backdrop of Whos Holding the GGP SP down? It was supposed to be part of the orchestrated fall in SP today as indeed it has been since last Fridays orchestrated fall. No its not Pi's shorting this - they would be daft doing so - It may be a big organisation - I expect the hotline twixt a large broker firm and a large shorting Broker firm was busy at close of play. The shorters losses needing mitigating possibly.
Why am I posting this? Intrigue perhaps.
I don't like it when an earlier post alluding to this area of concern has been removed? so I thought I would see what happens. If anything. Don't ask for details as everything is too fast moving to record.
Anyway, For GGP the futures shiny and is this the start of the real upsurge in GGP share price to more realistic levels? We hope so.

LoggyLogbot,
Agree, I only mentioned it because previously it was mooted by some of a possible new deal re Scally if my memory is correct.
But we must concentrate on what we have and will have at the end of this JV with Newcrest.
Good luck.

P37 & P38 says it all. Not doing additional 20,000mtrs drilling per quarter for fun for FY21.
I would hope at speed they are currently progressing a maiden MRE may be forthcoming near or around the 1st July 2020 but that may be a little optimistic.
Also I would hope for news on Scally drilling start soonish from GH. I cannot really see Newcrest themselves opening up another drilling front at Havieron until the time is right for them so would discount any near term deals re Scally or anything else etc.

The recent UKOG share price has been at the absolute floor level.
With Brent Crude staying within $30-$35b price range despite Corona Virus for the rest of this year and finding a level of $40-$50b in 2021 UKOG are very well placed to benefit enormously from their current low cost production levels. Beyond this the Futures market predicted for Oil prices are much higher than this up to 2050.
Who will be able to compete with us- Not North Sea Producers, Nor USA Shale, Nor the Saudis, nor the Iranians, Nor the Russians, Maybe the Norwegians and some emerging economys.
Even if we have to spend another £20 million plus to fully get production flowing to its full potential it will be cheap and the money will be well spent.
If your looking to invest in Oil long term at the bottom of a market there is no better time than now.
Its very high risk but the rewards will reflect this in the end.
From little acorns.......

Great, thanks Magic, watched it twice so far which is a good help to my limited understanding of geology and how the metallic deposits were formed.
You join the top echelon of GGP Posters who unselfishly share their knowledge on this board to the benefit of all LTH's.
It gives added confidence to ones initial 'Gut' feelings for this share that GH & team aroused a few years ago with their research and endeavor.

tiggerman,
Agree and it makes me wonder if some are children or youngsters who do not know how to research or cannot be bothered or have no knowledge and have no decent amounts of money. More controversial it may be but are they being paid to put their pennies into GGP (buys and sells) and other Aim Firms in order to try and confuse, destroy or cause havoc in one of GBs greatest institutions- The Stock Market.
I don't hear about MMs being up in arms about the phenomenon of a large number of small penny type trades that in theory should create so much extra work and cost to control it all including Broker firms offering free trading (unless they still have to pay MMs a trade fee/commission for each) or indeed Aim companies complaining about extra workloads re number of shareholders and their stakes in the company. One could assume they are all happy and in it together. So why should it worry me? but it does.
Its unfortunate that this detracts from pure GGP share talk about the bright future GGP have.
AS always, Hold for Gold.

I don't expect much extra from tomorrows presentation by CB. Slides have been on GGP website for a while. The main thing will be the tone and CBs personna and he's been one of the mainstays of GGP more or less from the start. I doubt he will let much slip but we could get a little inkling on likely future developments if GH were to be discussed.
It's possible he could announce or indicate when drilling starts at Scallywag after Corona in Aussieland is finished (hopefully). That would be great but I am not holding my breadth, at least until the Newcrest release of the conservative MRE later this year. Newcrest will not go overboard on it but just enough to keep their shareholders happy and of course GGP.

Who Knows, with +80000 planned metres of drilling at Havieron next year where could we (Newcrest and GGP) be for 2022/3 and with the other options and let alone other possible Havieron size/type projects in the pipeline its almost unthinkably mind boggling.
No wonder Newcrest are building a huge war-chest to be able to fight off takeover bids as well having the capital available for any situation. They don't want to lose their control/advantage obviously and are committed. In any event the futures bright for GGP as an explorer but we could still end up a gold producer as well.
Think on, carefully, before selling for short term gain which will result in a multi bagger long term loss. Trade with new money if you must but this has a long way to go so increase your get out levels along the journey or you will lose out long term. GLA.

See they have already published a held up trade (sell?) already. Gives an indication they may seek to cash in on some disappointment caused by over-ramping but they may get their fingers bitten off. The LTHs know all is good and that we are proceeding well towards mining something big.
I guess the report was limited to take the heat out of the share price so I wonder if there are big players in the wings (such as Barrick, Newmont and a few others) waiting for their opportunity and maybe they aim to carve up the area between themselves if they can get hold of it obviously including Newcrest as the miner. Who knows? but we hold and wait but we are on the up.

After a generally chill out day its a Horlicks and early to bed to awake to GH's 7am alarm call which will provide the simple icing on the cake. I find Newcrest's report fundamentals hard to absorb instantly but I feel confident it will set the tone for the longer term big future uplift of GGP in whatever form it takes.
Hold for Gold.
GLA.

Small Top up at 8.599 (showing as a sell of course) but now time to chill for rest of day until.....

Can buy at 8.57 on HL just now. Will it go lower?

I hope not only for a good selection of the drill results but for any additional drill information re the Breccias drilling (if not any results and assuming they have started doing as indicated in the images) bearing in mind potential bulk mining intercepts etc.
Note, Breccias are up to 1200mtrs below surface and remain open at depth and further drilling was required.
It is with thanks to PaddyGall and many other top posters who have shared their research/images .
This may well be a catalyst and feel sure it will be highlighted, if only, in passing but what do I know?

Fine, lets have a few confirmations but its the beyond that's really important for the BIG confirmations!

Who's doing all the buying?
The answer are maybe those that know at some stage things will turn.
The Opec members, Russia, America and North Sea Producers will more than likely overcut future production after the forward spot prices/quantities turn out to be wrong. Its happened before and will again. We will be once more short of oil when the upturn comes and prices will rocket.
Ukog will be the only one producing the cheapest cost Oil in the World and we will soon pass our break even price and produce mega profits.