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From Paddy's sat image it looks like the new hole in the north east is just below HAD024 to target a section of the high grade trend marked with two question marks on GGP's website, but I am struggling to understand the cluster to the far south west.

Lairyliam, there's actually nothing wrong with buying in at 4.6p - it's better than jumping in at nearly 6p. Looking at it objectively it's a fair price. What is important is that you feel you got good value, rather than what the market is doing on a given day. Nobody can time the market perfectly and that's the real lesson.

M.Lawrence, you can just ignore what happened yesterday and it means nothing. What has changed? Nothing.

mercedesman, you are absolutely right and this is what people must learn to be successful. I would also add another really important thing, which to be a contrarian when buying or selling - buy when nobody else is interested and sell when people are willing to pay any price. It's a mistake to follow momentum. Sensible investors will have loaded up big time when they saw it go down 22% or whatever and they where not already invested. I too had to learn the hard way, but I did learn.

pickedpeck, DYOR is right. Do you understand South Africa and the capital structure of the company you mention? Have you looked at the debt and cash flow?

Fibonacci numbers applied to any market is a load of nonsense. Math should have no place in markets, since markets are driven mainly by the emotions and behavior of the people involved in them, e.g fear, greed, goals, etc. There may be a very small set of people or algorithms that buy or sell based on numerical patterns, but their influence would be tiny. Before the financial crisis 2008 / 9, there were computer programs that attempted to calculate the risk of a CDO by assuming the risk factor of every correlation between say 1000 mortgages was 6, and nobody knows what the risk factor actually is. This is an extreme example, but shows that using numerical patterns or math to determine market outcomes is just nonsense.

A lot is said about the efficient-market hypothesis, which basically states that asset prices reflect all available information. I agree in part since information is much more readily available than it used to be. However, with GGP we can clearly see that's not always the case. Take a few of recent events: 1. Newcrest announces that it is moving to stage 2. 2. Newcrest announces that it will bring forward $25 million in spending. 3. Newcrest start using words like rare and special. At these points the market was very inefficient and this is what most good investors are looking for - well now they have spotted the inefficiency. But it is very likely to be inefficient again when more good results come in, if something worthwhile is found at Scallywag or any of the other targets, and when we get a Havieron resource estimate.

The journey has only just begun here.

Only 2 months to go before the drills hit Scallywag. The team are planning the campaign right now, but may also start other areas at the same time such as Goliath at PRE.

Let all the short term traders like RTC take their tiny profits while us real investors accumulate and get wealthier. I'm sure some will sell and feel vindicated for a few hours, only to see massive buying later to take advantage of a once in a lifetime opportunity.

Joelme1, it really depends how much you understand about the world in general - the gold price trend is not just due to US - Iran tensions. It also depends how much you understand about GGP and Newcrest, their future strategies, and survival. You also need to consider the demand for copper if world GDP improves, and as infrastructure spending, energy and transport technology all change. I disagree with your idea that trading on short term peaks might be better than a long term investment. You mention dividends, but say nothing about compound gain from a rising share price. I am currently sitting on an 800% gain after waiting 4 years, and I plan to wait a lot longer than that. Of course this will not work if you just pick stocks based on momentum or just following others. Havieron is a resource that will be in demand either way and therefore has a price.

mickey, yes I agree. But it was just based on Hav. As yet we don't know what else will be discovered, although the other assets are definitely worth something right now. If another tier 1 is found who know what the value will be, and I think GH will want to get the best value for it from a position of strength.

ok, in that case agreed.

Joelme1, it's unlikely that there would be anyone insane enough to place a short position on GGP. Why would someone take such a risk? Think about it.

Ipad, it's even more than that. If calculated using the current number of shares in issue it would between 27p and 28p, without any other assets. That's if the 30% did get valued at 1bn, but event half that would be nice.

You either need a very strong coffee or there is something seriously wrong with your broker mate.

Bamps21, if the holes were absolutely vertical there would be a greater chance of missing the target and inclined drill holes are important to judge the direction of mineralisation for subsequent holes.

I can't see that any holes were truly vertical all the way down. I'm fairly sure all holes are started at an angle to capture a broader lateral scope.

Just got back from Thailand yesterday and adjusting to the cold and dull weather in UK - had 3 weeks of warm sunshine and no rain. Good to see the sun is still shining on Greatland.

Big thanks to Paddy and others for such excellent research. Very nice CoreBox model giving us a clear picture of the ore body as it is being defined.

GL to all long term investors and looking forward to a fantastic 2020.

Theory - possible VMS / VHMS system

https://en.m.wikipedia.org/wiki/Volcanogenic_massive_sulfide_ore_deposit

Plappers, attention seeking d**k.