Member Info for RitchieG01

Apologies but I have a couple of questions that I was hoping that one of the many experts on here would be able to answer.
I also made a few assumptions to see if I was close.

How long does it take for each drill?

I made an assumption of 3 weeks based on the following.
From the RNS it stated they drilled 138,504m which comprised of 153 holes. Therefore, based on that for the stated 65,000m we could realistically expect 72 holes.
9 drill rigs to drill 72 holes means 8 each in the stated 6 months, so just over 3 weeks per drill?
Also assumed that was the whole drill cycle: move drill, set up, drill, ready to move (Simplistic I know).

Another assumption I made based on the RNS is if results are published every 6 weeks there should be 16-18 drill results per 6 weeks or around 34 per quarter? I noted that they completed 33 in the last quarter, so would fit with the above assumption?

Will they keep doing infill drills to prove up the MRE? Or at some point will they explore the boundaries to see just how big the mineralised system is?

Another question is what does it take to formally upgrade the MRE? It appears that there is confidence that the MRE is quite a bit upwards of the current 3.4 Moz, 12.5 Moz unrisked, so what does it take to move these up and can it be done with these drills over the next 6 months,

Sorry for the questions, thanks in advance for any responses.

Is there any possibility that tonight's news could state that there is more than 12.5Moz?
If the mine is open, then could each news/drilling update bring with it a larger amount of possible gold?

All this talk of buying topshop, which I’m not convinced is the best move, reminds me of the talk a few months back of trying to buy N Brown.
Does anyone know if this actually had legs or was just wishful thinking.
It does look like a much better proposition.

I see this on several boards, but yet to have a problem with HL.
I topped up with a shade over £145k online this morning and the offer came up straight, was accepted within seconds with no problems
Also bought just over £100k this afternoon and again no problem.

Keep it going Razors, always a good read in the mornings.

I have stockopedia and I personally think it’s very good.
It’s definitely worth a look, I think they do a trail period.

Laidback you are absolutely right for the first time in your life, you are a nobody.

New to GGP, been watching for a while and bought on the dip on Thursday afternoon. Looking forward to a nice few years excitement.
I also hold a couple of other gold miners and some crypto (IOTA), so a few of what some may call speculative holdings.
In the current climate Gold will be a steady riser over the next few years, whilst crypto could well be the future.
It can be a bit difficult to set up an account but I find BitPanda really easy to buy crypto.

In a rising wedge IMO

Takes a leg up soon IMHO

B

Was that definitely a buy?

Hi all, another newbie watching this share. This has been on my radar for a couple of months now mainly because it appears in a couple of the screens I have set up on stockopedia. This continually comes up as a value share.
Not much news out of the company so it was good to read some of articles linked here.
Interested to see how the dispute over the land pans out. If that does get sorted out then I don’t see anything to stop this breaking out big style.
Not dipped my toe yet but finger hovering over the buy button as soon as it looks like opening up.

2.5 million in volume between 8:20 & 8:25. To put that into perspective most 5 minute periods rarely get above 200k of volume

Definitely looks like big fund size volume

There was a MASSIVE volume surge around 8:20, the largest volume seen in over 3 weeks for a 5 minute period.

Does anyone have L2 to show those of us that don’t what the big buys and sells were.

Volume like this normally means a BIG move one way or another. Let’s hope this is the start of the big push up !!!

I do have over £100k and yes I will admit it has been a little been nerve racking over the last day or so, mostly because you wonder what bad news/newspaper report could drop anytime and is that the reason for the fall, however fundamentals will ALWAYS win over in the end, that's why I am here.
People rarely talk about fundamentals on here, it always seems to be 'it will be at 400p by end of day, 600p by Christmas ...' rarely backed up with supporting data.
I got in when it started dropping below 250p around 8th July, based on how fickle people are at the end of the day and that storm was always going to blow over, in which case its back to fundamentals again.
No debt, ~£250million in cash, ~over £150million in working capital, ~ £150 million in assets, Total revenue/Profit/net profit up every year for the last 5 years with forecasts suggesting even more this year, possibly 40% increase.
Take the scandal out and this is a very promising company.
That said I am only in until the results in September where I will reassess, probably leave some in but likely to take a big chunk/profit and look for other suitably strong companies.

I was also glad it dropped down below 300p today, hopefully that should kick out a lot of the stop losses, MMs now have a big full satchel ready for next week when hopefully people look at the fundamentals and see that there is a lot of money to make here.

Apparently there is a small piece in the actual paper today. Regurgitation of old story with a few of the sensationalised bits reinforced. Just got to hope that its not picked up by other online outlets.

https://www.thesun.co.uk/news/12414317/modern-day-slaves-vile-work-conditions/

Whether this is old news that has been regurgitated or if this is a story that has been picked up by The Sun that is being run by another paper or from a report it doesn’t read well.
Both the photos mention Boohoo and therefore association that the story is about them.

Whatever this is it will undoubtedly cause another stir and one would think a tricky Monday for the share price.

We desperately need these sorts of allegations and stories to be put to bed before the share price has any chance of reaching it’s true short term, and long term, potential.

I am in for quite a bit so this does make me nervous for tomorrow’s opening.

I believed that if the holding of more than 10% was breached due the share pricing increasing, they didn’t have to sell any. They just are not allowed to buy any more when they get to the 10% limit. That’s the rule for most of the funds, whether they set a limit of 5% or 10% or whatever.
No way to run a fund if you cash out on something that’s about to make the fund a **** load money.