Member Info for schlemiel

Why would Steve says ' fingers crossed'? Have Sprott or Steve taken an equity interest in GGP?

Reading it again I'd argue he means 10m oz based on known drilling date as he then says 'not enough drilling' to suggest 'something bigger is present' which suggests the 10m oz is a figure that can be built upon with more drilling going forward. I'd argue the 10m oz is a base figure to be added upon as more drilling data comes in and as we saw last week those results are still top notch and suggest more to come

had a reply from Steve :-

Hi ***********

I didn’t write that earlier note. I do my own thing within Sprott.

I’d be happy with a 10,000,000 ounce deposit. Not enough drilling has been done to arm wave something bigger is present. Fingers crossed.

Steve

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10m oz. I'm not sure if he means 10m oz based on all known drilling data or 10m oz as a guesstimate for the entire drilling campaign.

.S.: Questions? If you would like discuss junior mining speculation with Steve, please call him at 1.800.477.7853 or e-mail him at stodoruk@sprottglobal.com. He also offers a no-obligation review of your mining stock portfolio.

https://www.proactiveinvestors.com/companies/news/272017/why-this-new-gold-find-interests-me-as-a-speculator-steve-todoruk-5443.html

Steve Todoruk (through Sprott, I suspect) held Mariana (AIM listed, the Hot Maden (high grade) discovery in Turkey until Sandstorm took them over (Denver Harris is open to emails. They're involved with Antipa. Harris will be watching events at Havieron

Well, Havieron DWARF'S Hot Maden by degrees

Well, I've just sent Mr Todoruk an email so let's see if he replies. I doubt he will but I suspect Sprott may be considering an issuance of another Buy note or maybe taking an equity position in GGP? All speculation of course so nowt concrete but the compliance reference is intriguing Sprott have covered GGP in 2018 and are no doubt keenly watching its progress

The paper gold market and its disconnection from the physical gold market is a fascinating one but a deeply frustrating one. The paper gold market is an organised scam with paper being issued and dumped to regulate the price of gold for whatever purpose. The authorities aren't prepared to implement change and so this managed price of gold is allowed to stand. Maybe the authorities haven't a clue how to replace it and what with?

Price discovery is a real problem in many hard commodity markets and finding a technologically robust answer to this problem in a fast moving market is troublesome. I'm no expert on such matters though

thanks for some proper researching efforts PG -

What an odd thing to say in an interview by Mr Todoruk -

'Then on the juniors, I can't mention the two that referred to a few times here, a couple of nice looking discoveries, so that that's good to see'

Why can't he mention them? Are Sprott about to update their GGP note from a couple of years ago?

“Haverion bigger than Telfer?

CEO exact words "we have not seen structures or grades like this in the Paterson before" (Sept 2019)

Is this verbatim from Sandeep Biswas ? More to the point, is he referencing Telfer?

https://ceo.ca/ggp.l

ceo. does have some decent posters and some not so decent...it's a great read though

'That sounds what it sounds'...bad English but u know what I mean

I'm trying to understand what this means. He's obviously very excited though he hides that well. Is he suggesting that what we have at Havieron is something far , far bigger, more extensive and with a higher metal content than their geological modelling initially predicted? That sounds what it sounds like to me though I am a tad biased. It's mega and stands us in good stead for the future

He did reference the idea of prediction which suggests they now have a handle on where the valuable metal may now sit and they're able to predict its location before drilling which suggests the next set of exploration results will be somewhat more impressive based on a higher degree of drilling accuracy..they will drill for HG zones which is Newcrest's aim...and that means better exploration results...excited again!

the market, the sellers and the warrant sellers can do one and kiss my fat ass..and Peel Hunt, well that rhymes with a distasteful term which I have never used, I shall leave to the imagination of others

PG

He's leaving end of March. Nossal was supposed to be presenting at this year's (end of Oct) IMARC conference but great interview...thanks

I'm intrigued as to why the price sells off in the afternoon. Is it algos following the US market?

LSE = London South East not London Stock Exchange

123G

I suspect it's a LSE problem. The abnormal number of PME's being issued for GGP may suggest abnormal levels of activity during the auction process when the price discovery mechanism becomes somewhat undermined. I think it's something to do with how algorithms calculate the post-auction price that we saw on our screens....something to do with ensuring the price we pay is a true price..I know it's not a human response to price discovery confusion but an automatic one

I think we do have a hefty seller struggling to offload in the auction so the struggle between buyers and sellers during that period becomes somewhat of a melee...the PME (auction process is extended) issued and this gives time for the order execution process to proceed with a degree of order

It's all about achieving the correct price we see on screen

that's my rather naive understanding of this most obscure of market mechanisms

to GGP. Crushed across the board with my stocks. At this rate I'll be infecting myself with C-19. What a total cluster-fluck.

I'm holding around 700k here at various price above 4p so now sat at a loss on all of them but for those with huge lines of stock the hit (loss or indeed fall in paper profits) must be psychologically unnerving

But, as we saw with PMO today (up 75% at what stage in the blink of an eye) stocks can rally hard when events turn in our favour and events will turn in our favour, that is beyond doubt

R - From memory, I think there was 7. RAZH comes and goes but his presence is pointless as he never participates.

this ain't going anywhere. It's dead for the time being cos that PEEL ****** is blocking our progress...I bet there's another late print to come today

ah well, another fat loss on another stock

enuff from me...nice weekend all

Stout - Yes, you're learning!. Indeed, we're all learning. He is the seller on the book. he's happy to sell at 3.9 and I bet he'll be happy to sell at below that as well...I bet his client is an ex-warrant holder