Member Info for Redtrader

Paddy,

The reason for the price current SP. The institutions will not start putting money in until they see a concrete time line. Maybe reaching ore body within a year. The decline needs to start accelerating. They would rather keep their money elsewhere. Last thing they want is money trapped in a share. The institutions know that until their money arrives the share price is going no where. They have no need to panic.

Spell checker.

Badly worded? Is this agreement on their websites?

Zeros,

A cut off data I can accept. A cut off date with no future potential provision seems bonkers.

Does anyone understand the 5% issue? I assumed that the 5% would be the based on the gold resources, inferred and indicated with a sum of money for the mines future potential. Even if there is a cut off date I am certain a section of the 5% will be based on the mines future potential. So every find after this date adds to this future potential.

Have I got this correct?

Do you have a link to this quick line to production? They have only managed 36 meters since the last quarterly.

Bellers,
That's the risk you take by not investing. GGP do not seem to do much with other tenements. Would love this to change
Looking at SP anyone buying are buying when it falls, make sense. No real pressure pushing the SP north.
One of the largest gold finds in Australia and it just bobbles along.

All what you guys say is true but nowt will happen to the SP. The SP may even fall. No point telling me off. You should ask yourselves with all this gold why the SP has not rocketed into space.

Simply, it is to far away for the big boys. Until then it will sit bobbling along. All that matters is now is the 5% and the decline. They really do need to do something with the other tenements.

Stop crying because the SP does not do what you expect. It is not shooting up because nowt will happen for at least 3 months. Next NCM quarterly saying the decline is getting back on track could change that. Another tenement finding something could change it. So far GGP have done nothing on these other tenements.

Some back to waiting.

In profit taking your money out makes sense. Me, underwater I will wait.

No gold till H2, 2024. Could be pushed back even further, who knows.

If you are in profit not silly to sell up. You couls miss out on a big find in any of the other tenements. That's the risk. It could sit here doing nothing for another year, that's a risk.

The effect of the money printing for Covid and the Ukraine situation is only just beginning. It is not what I wanted but being in Australia adds some protection.

Unrest in Chile as inflation strikes. Left wing government solution will obviously be the wrong one. Nationalisation of copper producers will be an obvious solution.

They can follow the example of the west and just sanction these mine companies without compensation. They can then just sell all their metals to China and buy all their stuff from China.

Rather than sell oil to the west for dollars and then use these dollars to buy stuff from the east. Saudi Arabia can cut out the middle man. They can use the money from China to buy stuff from China. China will sell them whatever they want without any lectures. China will never have a press conference calling Saudi Arabia a pariah state unlike America.

IMO, with a possible Nuclear war everyone bought dollars, everything fell. As the panic has subsided money has flowed from dollars back to other assets. The economic mess with Russia means they will be starting QE. It is the only game in town. God help the third world. Food prices rising faster than incomes.

Not sure what will happen with POG. In this little window of a week as gold rose GGP fell. Today as gold falls GGP rose. Not as you would expect.

110m of boggy ground. @20m a month that means 5 months before they exit the boggy ground. This is pushing the date for reaching ore body further out. It will also have an effect on costing for the full mine. This will affect the SP.

RNS states 296 meters completed. 25th Jan it was 277m. The RNS does not states a date when the decline progress was recorded. That is 19 meters since the 25th of Jan. It could be more depending on the date the 296 was recorded. 3/4 a year and we have done less than 300m for a 3000m decline.

Ukraine is a lesson in geo politics. It is why I only invest in safe jurisdictions. Not that means you are protected 100%, It just reduces the risk. As we see with EUA shares, and any other shares in the Russian Federation. They could be worthless overnight. At the moment Australia is safe. China seems is in an expansionist mode at the moment. Mini conflicts with India on the Indian, Chinese border. It was the Tibetan, Indian border. Expansion into Xinjiang. Expansion in the China sea. The China expanding its military bases in the pacific. I think Australia is safe for the next few years. Longer term, who knows. South America seems to be politically moving to the left, as we see with the Chile elections. Africa increases in ethnic and religious conflicts. All these means that the safest places to invest presently for me are US of A, Canada, Australia, New Zealand UK, Western Europe, South Africa, Namibia, Botswana,. Know very little about South and and Central America.

IMHO

Looking Brucejack price. 300Koz is similar to Havieron. Its producing these grades now with no waiting. WHat is differnce between Brucejack and us.

Sandeep has been in the news lately. He is also having a lot of pressure for the fall in NCM sp. One way getting this stuff behind him is a block buster report.

At Sandeeps level it is all about politics.