Member Info for Sliotar

To see them pull that one out of the hat.

It will be reported depending on what price you got it at! If it was above the middle of the bid/ask it will be reported as a buy and if it was below the middle of the bid/ask it will be reported as a sell. No conspiracy theory about it before we go there!

Again I have had nobody comment on it. Apart from one.

I literally put up what I think the market is valuing GGP at last week. Which involved an SP which is higher from here. Unfortunately that is apparently too rational and not positive enough for this place. When we had two day higher in a row, I said it was nice too see, and to keep the ramping at a minimum. Low and behold that too is not positive enough.

It must be the costs side of things. I can't see hoe COVID will cause another lockdown/ We are running at 50k a day now so, how much worse could it possibly get? It is disappointing all the same. Especially with a very decent set of financials.

What is that based on? Following costs and owning 30%, what in the name of all that is good and holy is that based on? 2.5m oz at today's metrics equates to about 25p. So by this time next year you are telling me that the market will be pricing in almost double that to GGP. Hav will then be a 16m oz mine. Again give or take. Is that what you think? Or are you just saying things?

Geologist must be working in cahoots with the shorters here I think (obviously in jest), and they must be more terrified now that what they were. they are all panic closing now and have to buy the .63% of the float back. that must be why we are falling now. Bloody manipulation. Ah well. What will tomorrow ramp and then excuse be I wonder?

Point taken on that one. But I would say that it is not a definite that they will follow through across the target. And if it does, it will add 400m roughly***** to the NPV (pre costs and Tax etc). That would need everything to fall in line. So at the very best, it would equate to a SP just below our previous peak. And there is absolutely no way the market is going to prince in that, or go there at the moment. By the way, I have not included any of our portion of set up costs and the financing needed for that. Either way, this is not being manipulated, and the market is pricing in where it thinks the risk factors are. Again my input can change, but that is subjective.

This is all to say anyways, that I am certainly not shorting it, but there is absolutely no way the rubbish spouted daily here is going to happen. The other fella is trying to get my account blocked because I don't live on Loo Lah land!

About 50% higher than where we are today. So somewhere around the 25-26p mark.

And by the way, if you gross the SP up, where do you get to? Very close to the broker target. So give the rubbish you are sprouting a rest please.

So am I happy to hold for the upside due to where I bought? Yes. Could there be upside here? Absolutely, but it is not going to anywhere near the rubbish that is spouted here.

Again this is rough. I am not going to do the whole thing out on a proper Cash Flow basis!

This is what I think the market is currently pricing in. And I will highlight my metrics. Obviously this can change and my inputs can be challenged, and obviously this could change;

These numbers are approx

Gold Price - $1800/oz
Cost of Extraction - $650
Gross - $1150/oz

Current Known resource - 2m oz Gold Equiv (28% of the resource) approx
666,000 to Greatland @ 30%

Scaled up for 100% of the resource - 2.37m oz Equiv approx

2.37m oz @ $1150 = $2.7b (£1.96b)

Assuming 12 years and 5% discount rate = approx £1b

Add in running Costs and Tax etc.........where do you come to?

That is what the market is pricing in at the moment. Can this grow? Yes. Can other sites hit? Yes

Will the market price it in now because you want it to? No.

Thoughts?

Wow that was massive alright. Won’t make the slightest bit of a difference to the SP unfortunately.

100%. But just remember. It is all manipulated so don't worry a bit about it. The market doesn't know what it is doing. Only a select few here that are "in the know" about the "large institutions" that are accumulating (in their dreams) know what is going on really.

I agree and that's why I posted what I did on the update day. But since then we have been sliding fairly dramatically as the markets have been going back higher. The market is telling us something and I don't like it.

No...some are crying because it has gone down, in some cases, by 20p.

Yeah but that doesn't fit the narrative that the whole thing is being manipulated. So we leave those salient bits of information out. 50p by Friday baby yeah!

Disappointing follow through to be honest. Not looking in any way strong. I wonder what the market is trying to tell us/price in?

This rate we will take out the cycle low today.