Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Many people will wait to buy @0.85 next week, rather than pay 0.73 now. Better to get in before everyone else has the same idea.
Brodie-Good
Malik, there's no point being concerned about warrants. We have to raise cash one way or another so that the company can grow. If they don't have the funding for exploration how can the company progress? I would never invest in a company that couldn't raise capital. It just delays the point at which a placing is likely to occur. Currently, I have 12 mil shares (8 mil I bought @0.10p when earache was complaining about Bill Brodey-Good and rambling on about nothing.
It's worth noting that a lot of warrants were exercised for GGP in the second half of 2017. This helped enable them to start drilling Havieron, do a lot more exploration, and acquire new licenses. Similar thing happening here. Extra cash is welcome and timely.
Just topped up 2,000,000 @0.704p.
The amount of detail given in UFO regulatory news is very pleasing. There is an sense of openness, honesty and transparency coming from the CEO. Great work.
Copper up 3.8% today
Iron ore $130 per tonne
https://www.mining.com/iron-ore-price-jumps-to-fresh-6-year-high-on-china-building-boom/
They are trying to rip you off.
Tom, you look worried. You should go for a nice walk to take your mind off it.
The simple answer is there is fear (some of it caused by Jerome Powell) in the markets and a lot of volatility. It will calm down later in the week.
Tom, the rise to over 15p was the expectation of spectacular grades from the last results. What we got was very good, but many are just looking at mega grades and don't understand the significance of a new breccia zone - it's the instant gratification brigade unfortunately. However, I am sure any good drill cores from Scally or Hav will have an impact and we will get more people piling in just before the news is expected. All we can do is just sit and wait for the big prize at the end.
Tom, have you looked at the markets? We have had the VIX up 11.5%, most markets are down today dragging commodities down, and dollar gaining putting pressure on gold and silver too. It's not MM's or brokers doing it.
Regarding timescales for drill results we can only go by what happened at Havieron. There was approx. 2 months from the start of drilling to the first lab results for the first Havieron campaign. The interesting bit is that, we got news about visible mineralisation after only 2 weeks from the start of the second campaign (17th Sept - 1st Oct). Bear in mind also that at Scallywag, many of those targets are much less deep. But still I would think we would be drilling to at least 400m - 500m below surface initially. Only one rig at first, so actual lab results will trickle in slowly probably from mid October.
thelearner, his current holding is 0% of the issued share capital and it is of no consequence. It means you can pick up a few more shares at a better price.
The value of GGP hasn't changed, but it is now cheaper to buy. Expect the herd to come in and pick up cheap shares.
TMT, don't you think it would be better for GGP to hold cash for actual growth rather than just pumping the SP up? I would rather they use the cash for acquisitions and exploration, not just creating a fake company.
Personally, I don't want GGP to waste money on dividends. I would prefer they spend more on exploration.
It seems GGP has been forgotten about temporarily, but once we get more positive news I am certain the SP will literally explode with the current gold price. I am happy that we will see 20p+ towards the end of the year, easily.
Hardly hindsight analysis schlemeil, just common sense. It will soon bounce back anyway, especially when the next stimulus package gets agreed in the US.
In 6 weeks we should get more insight into the high grade sulphide arms and possibly if there is actually a complete ring of high grade. Now that would be really exciting.
Looks like Havieron as big as Telfer, but much higher grade. Sometimes it seems like a dream.
bigly.