Member Info for schlemiel

I despise my integrity being questioned by strangers on a board like this. Yes, sometimes I can post too much and that's a failing but I have sold my GGP I'll come on here and I will confirm I have sold. I won't sell and then come onto this board and de-ramp, whatever the feck that means. If only I had the power to force the price down and pick up some cheap stock. If only I had the power to force the price up and then p-ss off to the countryside and escape urban life

LSE is a great site but populated by the odd t-t or two. I have been here years. I don't lie to the board and I don't spiv my way

enuff. I shouldn't be justifying myself......

GLA even my detractors..

ISA

Account value - £63,765.00

GGP Greatland Gold 545,000 11.70 0.00% 63,765.00 Set

Last updated at 10:34 am using (at least) 15 minute delayed prices.

Newcrest's removal of Director from SOLG board. I wonder what they are inferring?

https://twitter.com/priminvestments?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Yes, well filter me ffs. This heat is wrecking my head and I can't be a-sed pandering to sensitive posters

I wonder how many of these are GGP employees?

I know one thing, this stock is dead for the time being. There's more life in my underpants and there ain't much of that left now

'On route 66'

944T - So, what are the rest of them doing then fella? Any ideas?

More activity at camp Havieron, more newsflow

All permits and approvals surely in the bag which explains the ramping up of activity

trucky - Oh, I see. Cheers lad

trucky

Who's 'Magnet' fella? Lost me, which ain't difficult these days

Just emailed DDH1 and asked them to confirm how may drillers and rigs they have on-site at Havieron. I'm sure they'll reply with an appropriate expression, along the lines of, FECK YOU, YOU TURDD

thanks PG

Questions -

How many drillers in a single rig drilling team? 7? 6? So, let's say 70 drillers now employed. Say, 100 for FIFO, coming and going etc

That leaves 150 performing non-drilling activity or its means newcrest have upped the number of rigs to beyond 9 or 10....

Say they have 150 drillers on and off. That leaves around 100 employees performing non-drilling activity..what are these non-drilling activity?

Moreover, is a 250 man field camp regarded as small, medium or large in relation to other discoveries?

no need to reply, just musing..all rhetorical q's

A takeover of the company is the only way that value will be released. First production? 2025? If a holder can wait that long and absorb the necessary dilution then fine but I can't. Alpala's a great asset but it's gonna need US$2.50bn to get to production and maybe more as well with the usual delays and hiccups etc etc

If my search for financial security continues for much longer I'll end looking like Darwin, beard and all.

Come on GGP, those sheep need gazing at..

'In evolutionary terms we have gone from caveman to the nuclear age in the last 18 months of so.' Darwin's theory of evolution can sleep safely in its bed!

p369

Newcrest's withdrawal from the board of SOLG is either a shot across SOLG's bows (warning that they may withdraw all support and disinvest) or the first sign that they've now had enough of Mather's stonewalling of both BHP and Newcrest and they're about to walk. Biswas did express his annoyance at Mather's actions some months ago.

Personally, I can't see how Newcrest actually benefits (directly) from their equity stake in SOLG. They are a minority shareholder and that is all they are. Indeed they've been sat on heavy losses since they bought their initial stake in SOLG. $3bn to bring Alpala into production. Hefty commitment required

More developments here I suspect

That's very interesting..thanks

What message does Newcrest intend to send? Disinvest from SOLG?

excerpt -

''George Cheveley, portfolio manager at Ninety One, a UK-based asset management company, said the combination of the pandemic and the unprecedented reaction of central banks had forced a reassessment of gold.

“There’s been good interest in gold for two to three years and we see it continuing,” he said, adding that gold producers were in their best shape for two decades with high margins and strong balance sheets. “Gold miners look very attractive even after their recent strong run,” said Mr Cheveley.

Shares in Greatland Gold, a gold explorer listed on London’s Aim have climbed 550 per cent this year and the company, which has discovered a large gold deposit in Western Australia that it is developing with Newcrest Gold, is now worth £450m.

“There is a lot of uncertainty and a lot of tension in the world,” said Greatland’s chief executive, Gervaise Heddle. “That’s a very positive environment for the gold.”

https://www.ft.com/content/cdb4be4c-65c3-482c-84bb-429b54355db5

They're performing their basic duty of making a market (liquidity provider) and that is the extent of it at present. They have no desire to bid up because there's no reason to do so at present. The MMs are not going to overpay for stock when they can simply make the spread. This will change when material news is released. They'll be hit with buying and then they'll bid up for stock to satisfy that demand assuming of course they've no sell orders to execute from our warrant-options friends.

A clear and flat book is their aim..they don't wanna be holding stock any longer than is necessary...therein lies their risk