The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I’m with you Zelos, a railway makes total sense.
If other deposits are found, it shouldn’t cost too much to extend the track, and Telfer becomes the processing hub for everything within a 100km of Telfer.
I’m not suggesting it is done now, but if they do start to find other deposits then it’s a no brainier.
Doublehun, it’s now nigh impossible to prove just how many shares Callum still holds. That’s because since resigning from GGP, Callum is now not listed separately on the Bloomberg ownership register, as his 85M GGP shares are now just part of the nominee account of Charles Stanley, just like any other PI’s are.
The shares he held through his association with STARVEST, will also be untraceable for the same reasons.
You’ll just either have to believe he’s still a shareholder or not, but why would anyone doubt him, unless to try and feed the board more BS of course.
ATB
Aim999, the reason why gold has rallied has nothing to do with the retail market, it’s because of central banks buying as much of it as they can. And where are they getting this gold from ? Well I’ll tell you !
Just like Speedie has said a hundred times, the banks have got a massive short position on gold, which is all a smokescreen to what they are actually trying to achieve.
They are doing everything they can to promote the selling of gold from retail investors, just so they can swoop in and gather up the low hanging fruit on offer.
What better way is there for the banks to actively convince folks to sell their gold than promote the likes of Bitcoin, with the introduction of the new etf’s, and the S&P 500 with new ATH’s, that at some point will ultimately collapse.
To me it’s just the banking system reverting back to what was used as real money for two thousand years GOLD.
They’ve tried this experiment with the petro dollar for the last 50 years, and they are now wising up to it ain’t working.
The US and European governments are frantically doing everything they can to stop this happening, but when you have the BRICS nation’s along with plenty of other’s striving to go down a different path, the banks are buying as much as they can, so as to not be caught out. Basically they are hedging their bets.
Whichever way the scales tip in favour of, Gold will become much more valuable than it is now, and produces of gold will see a massive upside in profits.
Even at $2200 oz, with an annual production of 300,000 oz’s with an AISC of $900 after inflation, GGP if they do go on to owning 100% of Havieron and Telfer, would be making a Pre tax profit of around $390,000,000.
You can see with those sorts of returns it wouldn’t take too many years to pay off any funding debts.
The naysayers want to convince us we can’t afford to buy the farm, but you have to look at it the way you do when purchasing your first house, the figures seem daunting, but we all manage and benefit in the long run.
We are where we are, and yes, plenty are underwater or are very nervous as to what the future holds, but like I’ve said all along, it’s about having the patience to see this through to the rewards.
Hopefully Callum’s interview has alleviated some of your concerns, and with him confirming he’s still a major shareholder, should give everyone confidence that we backed the correct horse. We were faced with 26 fences at the start of this race, one we clear Beechers Brook (LCA) for the third time, we’ll be on the home stretch.
If Foinavon at 100/1 can win the Grand National, I’m sure GGP with a very experienced jockey in the seat, can also win, as the two massive favourites both fell at the Canal Turn.
GGee-uP
Professional junior mining investors Brian Leni and David Erfle discuss whether we have seen a junior gold stock bottom or if there is more pain coming. They also chat about the current junior gold stock sector and the recent BMO and PDAC mining conferences and offer insights into how they are perceiving the market.
Interesting comments from 6:58 mins in.
https://youtu.be/ygaAfN9qugQ?si=ZSRSieCTgNb7ukBQ
Great interview with John Hathaway, senior portfolio manager, Sprott Asset Management
https://youtu.be/t8zaB70PC6o?si=QLjpy1aCkbkUBy4A
Well Callum just knocked it out the park, along with an equally as good KO by AJ
👏👏👏👏👏👏👏👏 to both of them !
Ninebraincells, for someone who has never been anywhere near a mine, never mind even coming close to running a listed company, you don’t half think you know the in’s & out’s of a dingo’s backside.
First of all everything you say is all if’s but’s & maybe’s without a shred of evidence that anything you have said has any truth to it.
Secondly you try and make out that SD and the BOD’s are just sucking up to the Pi shareholding, and leading us a merry dance by not being truthful regarding the LCA.
You know no more than the rest of us, so all your conspiracy theories are just that. So unless you post one fact that we are being played, backed by evidence, I suggest folk take everything you say with a huge pinch of salt.
And if you think being an MD of a company means he should be telling all and sundry any sensitive plans or information immediately, you seriously need to give your head a wobble.
When the company is at a point were it will want to implement those plans or act upon information, everyone will get to know at the same time via the RNS service. Not when you think so.
You certainly don’t win any prizes for being the sharpest tool in the box, just another blunt tool, along with many others residing in many a green box that appears here.
Are they buys or are they sells, that is the question ?
I’ve lost count now of just how many millions have gone through after hours since Newmont announced their intentions to divest Tel/Hav.
Questions Questions Questions !
Who do we ask first ?
Cheers ocelot, and good luck to you guys !
Just curious as to why such a massive jump in your SP today.
One of my first purchases when starting off investing was UKOG. So always had a bit of a soft spot for it and still have em on my watchlist, a bit like supporting your footie team from afar. So what’s the story behind todays 800% upside.
Hey Monkey, I’ve never know a supposed holder of shares in a company single-handedly talk it down for months and months as much as you have.
Why ?
It’s quite obvious you don’t believe GGP will be successful, so why are you still hanging around like a bad smell.
For god sake’s monkey, as they say, either put up or shut up, both of which you can control.
Jeezuz wept, for your own well-being at least, just sell up, wipe your nose and move on.
Look in the mirror and ask yourself, who decided to invest when you did, having been witness to the rise back in 2020. You were the one who didn’t have the bottle to invest when you should of done, and equally, nobody forced you to buy when you did. Just admit to yourself, YOU got it wrong, nobody else.
Almost everyone on this board has probably done a similar thing in the past, but you don’t hear them keep bleating on about it. Grow up and own your mistakes, because quite frankly nobody gives a toss now, with all sympathy having gone out the window by your incessant whinging.
Have a good day !
Well like I asked earlier Lofty, why are you still here if you predicted all this month’s ago ?
Well then $2115 now broken, let’s just see how many of the experts on YouTube are correct, as that is the figure they were all saying once broken through, there would be no stopping it.
POG keeps bouncing off the ropes like Ali v Foreman. Just waiting for that KO punch to send it through the ropes.
Trap door awaits
SAB, Monkey’s got himself tied in knots, just wondering how he’s going to suddenly free himself of the noose he’s put his head through.
Lofty, you say you are invested in GGP. So answer me this, why should anyone here take any notice of what you say, when you yourself don’t practice what you preach. ?
If you believed all that you say you have previously stated, then why o why have you not sold up and moved to pastures new ?
Is it by any chance you have never been invested, and you are here just to wind folk up, because you’re about as convincing as the proverbial chocolate fire guard !
Sandgrounded, But the big question is, will anyone else bother to make a bid knowing full well that GGP have this LROR agreement in place.
The more SD talks about buying the farm back, the better imo, as I think it could put off any other suitors who may have their eyes on it.
What happens if nobody else does make a play for Hav/Tel, what would Newmont do then ? They obviously want to sell, but at what price would they be prepared to accept. Many more questions than answers at present, but I’d be surprised if this happens this quarter, perhaps by the end of June we might just get to know !
Sandgrounded, why would GGP make an offer first when they have a trump card to play by having the last right of refusal penned into the JV agreement, that would be just silly, wouldn’t it.
I would imagine there will be a deadline for all offers by interested parties to be tabled, and at that point, it will be upto GGP to decide if they want to pay $1 more. That is in effect GGP’s trump card. Know what your competitors have bid, then make your bid, industrial Gazumping you could call it.