The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Wishing you all the luck in the world Daz!
I really feel you are right. Whilst the share price has significantly reduced, GGP is close to production and potentially going to own 100% of Havieron whilst POG is skyrocketing. This is a recipe for some huge gains. Keep holding brother!
Well said Bamps! Fundamentals are getting better and better whilst the share price is going down which is a huge buying opportunity.
In the words of Benjamin Graham ‘The intelligent investor realizes that stocks become more risky, not less, as their prices rise—and less risky, not more, as their prices fall.’
https://www.asx.com.au/asxpdf/20230427/pdf/45p1cjfpcdsq9m.pdf
Thanks for those that gave projected dates! Don’t know how it lead to an argument but whatever :D
Have a nice day all!
Hey everyone,
I wondered if the more knowledgable posters on here could give an idea of when they are expecting key milestones such as FS/DTM etc. with the Newmont situation unfolding.
I understand no one can give any firm dates but keen to get views on when to start expecting some big news.
Thanks in advance!
Bamps, thank you! I rarely post on this board as I can’t add much value but I read your inputs everyday. Thank you for the education and thank you for proving the case for GGP. Very excited for 2023.
When you have a rubbish day at work but you come back to hearing Bamps talk about 39 Mil Oz. It certainly makes things better!!!
Here we go with your 3-6 posts '1 month old dodge account' you won't last long here, believe me.... Spreading FUD - fear uncertainty and doubt - over the bulk underground, because that's essentially the only unknown left that such disingenuous posts can target.
Last year we had months and months of tecnhical FUD with the GreenTool and others - who said Havieron would never be economic... but here we are 12 months later with a gigantic starter deposit, a $50m decline going in, and $50m GGP cash funding to DFS, and a published phase 1 mine PFS to take to the bank ... so NCM can get ore to Telfer ASAP.
You may be able to confuse and scare the un-researched with your manipulation, but you cannot touch Bamps or me.
For the rest of you MrBig is a skilled and devious operator who last night was attempting to exploit an ostensibly clever argument. The posts were subsequently removed this am. For the correct reasons.
What he/she was trying to do last night was apply NCM's conservative, underground stoping phase 1 mine operational costs @ $84/tonne - actually $81/tonne according to GGP using the correct exchange rate to Bulk Underground production.
The first Stoping operation has naturally has lower volumes, due to the inherent volume limitations of the Stoping technique and higher costs - ore transport to surface limitation, requirement for drill and blast / explosives, and extra material handling, and subsequence labour in back pasting costs )
But you cannot apply this to the anticipated Bulk under ground block caving grades of the larger scale deposit where the cost per tonne would be circa $25-27/tonne
This is a totally and fundamentally inappropriate comparison made by BiggL - It's like comparing two completely different company cost structures, AND specifically designed to imply that anything under 1.5g is likely to be 'uneconomic'...
And It's total BS becuase we ALL know that Cadia is economic down to 0.4g/t Au... specifically due the bulk efficiencies of the operational costs.
And very much like comparing and interweaving the cost structure of building Ferraris directly to Ford Fiestas -
IE both make massive profits, BUT in TOTALLY different ways . Obviously You cannot make a profit building Ford fiestas in the way you build a Ferrari though. That would be loss making.
That's the best analogy I can come up with. And that is the tactic of this poster. Always Happy to smash them into touch.
Expect Multiple shorter accounts with a very obvious agenda.s
Regarding bulk underground : The only question is will this be a block cave or a more selective sub level cave...? Anyone with mining nouse can see that.. The grade in those breccia are nothing short of sensational. And a mine in their own right.
Got in at 6p so didn’t make as much as a lot of the LTH but still so far a pretty decent profit. Told myself I wouldn’t buy more and would just let it run but the way the market reacted to the PFS made me buy more today at 16.8p.
Fundamentals are there (and still improving) and now massively de-risked making another buy a lot more attractive. Also a very nice bonus hearing how cheap it will be to mine. Forgot the short term, this one is a keeper. Wonder if our old pal Beetham will be sniffing around soon!
(Also thanks to Bamps, Paddy, Reddirt and Hydrogen for your great posts. I keep quiet on this board as I find it quite toxic normally but your well researched posts are hugely appreciated)
I see a lot of conservative estimates on here but this is what I’m seeing
POG roughly £1,400 per ounce x rough estimate of 7mil ounces = £9800000000.
Take 30% (Greatland share) of this to get £2940000000.
Divide this by total number of shares (roughly 26 mil) = 113p per share.
This number is using a fairly conservative MRE and I’ve rounded up the amount of shares and rounded down the price of gold so we should be looking at more than 113p per share. I think GGP is still unbelievably undervalued but if I’m missing something let me know.
(Btw the same calculation with 10m ounces leads to 170p).
Hi all,
I have spent a fair bit of time researching this stock and it looks really interesting and seems to have high potential. The information I am struggling to find before I buy is surrounding the COVID testing. Who are producing the tests that the government is using at the moment and why would they switch to Avacta tests?
Is it just the case that there are not enough tests being produced so the Avacta tests would be used as an addition or are the Avacta tests better than the current ones?
Thanks for any advice.