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Why the drop?
Jack, you come across gas someone who missed the boat at GGP! Given I be been invested in GGP for some 3 years (average 1.2 and not sold a bean) I have rode the ups and downs of the Newmont days etc. . . And arrived out the other-side with a far better understanding of the mining sector and let me tell you it’s not a bed of roses.
ECR is at present but a punt with benefits, if these benefits transpire then this could be yet again a long term hold with a cash up-side to match. However, these plays are based over a long period of time which many will not have the stomach for.
Trust this helps.
GLA
Q
Correct Jack.
AG, “ It's how AIM mining companies work”.
Hence my reply, mining companies are complex and proving up resources are a costly/timely business.
GGP’s JV with NC is a match made in heaven given its locality to Telfer , a JV with whoever here will prove to be very different. A buyout would seem the better scenario.
Q
“Can someone please post a negative on ECR”
My own thoughts are as follows.
~ No drill programme as yet.
~ Therefore no results.
~ Possible JV will take place only on drill results.
~ Always with these companies fund raising is never to far away.
~ CB 8 billion dollars on resource would be years down the line.
I like the opportunities this company could possibly deliver but feel some are running before the starting pistol is even in the hand.
GLA
Q
So all the news has been and gone, some of which we didn’t expect. So that leaves just one more piece of the jigsaw to deliver and let’s face it your going to what to conclude the year with one hell of a statement.
Boommmm. . . Swag RNS will deliver all the fireworks and more, because you always leave the best news till last. :-))
GLA
Q
Totally agree with Paddy. The Initial MRE is now behind us and priced in and we can now look forward to enjoying regular drill results and MRE updates to PFS well into next year from Hav.
I do think however that the deliverance of news has been meticulously planned during this month. The release of 2nd JV/funding dropping before the MRE was crucial and then the small matter of the GDXJ to also consider. It is then no coincidence that we await the news of Swag which will have be designed to be delivered for maximum effect highlighting once more GGP’s exploratory prowess.
GH will definitely have a few more arrows in his quiver to launch both now and into the new year, beginning with Swag results next week I believe.
For some it will be difficult to ignore the drone of the naysayers but to us LTH’s the writing has been on the wall for sometime.
GLA
Q