Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
MasterRSI, all you are doing is stating the bleeding obvious after it has happened. Just like the ad on the Telly that I keep seeing “It’s all a bit of a Malarkey”.
Topslicer, I’m pretty confident that 99.9% of shareholders would prefer to get Havieron up & running, bringing profits into the coffers, rather than go exploring around Ernest Giles, just in the hope we find something worth persuing, that would take us another 10-20 yrs to get us to the stage we are already at with Havieron.
For me, Havieron should be our number one focus, anything else can wait.
Panama please don’t use the phrase “paddling furiously underwater”, you’ll get Freddie in a bit of a tiz with comments like that 😂
There you go Freddie, take from that interview what you will regarding the progress of the LCA.
Nicepair, yes your absolutely correct ! Zero points for me then I suppose 😂
Trippy we keep getting told we’re in elephant country, so you should expect a few.
Just yanking your chain Ace 😂 You stated the other day that some might know who you are, I’m just having a wild stab in the dark that you could be that famous ex Aussie miner/songwriter KBW
Hey Ace, are you good Ol'Roy The Rooter by any chance ? 😂😂😂
Morning Speedie, I concur with what you say regarding the POG, and hopefully making greater profits once producing. But what I was disagreeing with, was your mention of possible interest rate rises, which of course would burden us if they were to ever happen.
All I was trying to say was that even if they did increase, then just as folk shop about for a cheaper mortgage deal, then so do businesses, or at least they will try to negotiate with their current lender a better deal. Upto now I don’t know the terms of which the borrowing was undertaken, whether it was at a fixed or variable rate, but one thing I do know, is, if the POG remains at this price or as you and many believe, goes onto new ATH’s, then it shouldn’t really make any difference if the interest rate does increase a couple of percentage points, as gold will have risen a whole lot more.
Hope that clears up why I posted what I did. It wasn’t because I was having a dig, as for the many post you write I agree with. It was just your mentioning of possible interest rate rises continuing, that I took umbrage at.
ATB
Jeez Matty & Speedie, you don’t half paint a bleak picture for GGP going forward.
Firstly Matty, who’s shares are they gonna buy back ? Mine, yours, or just some imaginary ones that seem to be floating around inside your head.
Speedie you say “Debt is ok with low rates but no one knows if rates will go into the teens or even higher”.
All forecast are for interest rates to start to decline in the not to distant future, not as you portray, by going into the teens.
And let’s say you are correct, and they do go to say 10%, it doesn’t mean GGP won’t be able to service the debt. I think you may have forgotten what it was like to live before 2007/8 when interest rate borrowing was anything between 8 & 17%.
The very low interest rates that we have been accustomed to over the last 17years are not the norm as you well know, they have returned to the mean average of what they have been historically for quite some time, and you more than anyone else here should recognise that fact, especially when for as long as I can remember, you have been stating that the POG would go parabolic if gold returned to the mean average of peoples investments.
I stated some weeks ago that I won’t get drawn into any discussions regarding what the future of GGP entails, until I here it from the horse’s mouth about what the BOD’s plans going forward are. All this speculation about the if’s, but’s & maybe’s serve no purpose at all. It’s akin to the old proverb “If my aunty had balls, she’d be my uncle” !
I just don’t understand why so many of you get your knickers in a twist over things posted here, that haven’t come from the management.
There’s a time to act & react, but right now it’s not that time. Until news filters through to us shareholders, there’s absolutely nothing to do except be patient, unless of course you believe in conspiracy theories, of which a few here try to convince you they exist.
Forget Charles Archer for your information here. IT’s blumming Charles Brandreth we need going off the last two post’s. 😂
Redirons, like me, don’t you find it funny that patience seems to be something that is acquired with age. The constant bashers & whingers that appear here, seem to have none. They come from the “If you stop crying, I’ll buy you something” generation !
Whereas most of the LTH’s here, come from the “If you don’t stop crying, I’ll give you something to cry about” generation !
We are not the same.
I can’t believe the amount of people who show up here saying GGP is this, is that, it’s the other, all because they haven’t doubled their money within 1-2 years. Some of you are just dreamers. Just because some have made those sorts of returns in a short timeframe, doesn’t mean it’s the norm.
MH01 I’m not trying to discredit you at all. Your last paragraph, 6p to 47p, I’m with you all the way, but you are also a bit of a pessimist, whereas most here are a tad more optimistic, including my good self.
The sort of figures Speedie and one or two others have been discussing are possible, but only if everything they have spoken about, such as the POG etc, reaching multiples of where it is currently, comes to fruition.
I hope you attain everything you want from this as I do all genuine investors here, but just because I may criticise some post’s, doesn’t mean I totally disagree with the author of those posts on everything, as I’m sure everyone doesn’t agree with half of what I post to.
ATB
MH01, make your mind up. First your telling us all to stop dreaming of our price going on a bull run. Now your advocating silver small caps possibly twenty bagging. Which is it to be ? Up, Down, stay as we are ? You’re about as easy to read as the Beijing phone book !
If Biswas was to come back, then the only capacity in which I would like to see him, would be that of joining the GGP board. That would surely send out one helluva message of confidence that Havieron is something truly special. But all us LTH’s already know that !
I fully concur Ace, MH01 does seem to get his/her knickers in a twist over anything that they deem is ramping. All the figures quoted, whether it be 50p or £5 are all hypothetical at this stage until the board announce in which direction we are headed.
One thing we definitely don’t need is someone telling us we’re all dreamer’s, because of, if this & that happens we could get to a price of X ! Anyone with half a brain cell knows these figures are unrealistic in the short to mid term, but if the POG is to be re-rated to some sort of backing existing fiat currencies, then it has been suggested by some far more knowledgeable than anyone on this forum, then it could rise to around $40,000 per oz. That doesn’t mean the world will turn to 5hit as a lot of you have predicted, it just means it has been re-rated to protect existing currencies rather than experiencing a real 5hit show if they fail.
BTC has gone from cents to $64,000’s, and the world hasn’t imploded, so why should it implode just because gold returns to what it has done for the last 4000 years. Obviously the doom monger’s and folk without a modicum of sense will try and convince you otherwise, but who in 1972 when a pint of beer cost 10p, would of thought (depending where you live) cost anywhere between £3-6 a pint.
MH01 just because we are only currently valued at 6p doesn’t mean in a few years we couldn’t be valued at a more significant value. I bet Jeff Bezos never thought selling books from his garage would be worth what it is today. In fact I bet if he would of taken his business plan to any bank, they would of laughed him out of the place, and if there’s one thing I’ve learned, it’s never to say never, because you just never know how things can pan out. And what’s wrong with a little positivity or as some of you like to call ramping ? Because if us investors don’t portray it, then the naysayers certainly won’t !
Ace, it’s like famous Irish comic used to say, “It’s the way I tell em” 😂
All this talk about ramps makes me think about the biggest ramp of all. For the last three years it’s been called a decline, but once it reaches the top of the orebody, then it becomes a Ramp to riches.
Our SP has been tracking the decline since it started, so once completed, just like those trucks down there, they will have to turn about face and start to climb back to the top, as will our SP.
What a lot don’t seem to grasp here, especially the ones who are constantly whinging about what a bad job SD has done since taking over from GH, when we were at an ATH, is the fact that, back then GGP still owned 70% of Havieron, not the 30% we currently hold. That fact alone is the main reason for the demise in our SP, not SD.
So I can only assume that once we get to own a larger piece of the pie, whether that be 51%, 70% or even a 100%, that in itself should give us a large uptick in our SP.
Investors should be asking themselves this question !
How much would it have cost for GGP to get Havieron to this stage in its development if Newcrest/Newmont hadn’t come in and backed the project in the first place ?
I suspect we would of been in the same position as we were in 2019, just like Solgold are now, with no date ahead for even thinking about mine development.
The fact that Newmont have decided, thanks but no thanks, yet again, imo is fantastic news for us. Inside of five years we are within touching distance of extracting the shiny stuff out of the ground, and all I see here is folk with absolutely no idea, constantly whinging. Give your head a wobble ffs and tell all of us here just what you’ve achieved in the last five years. Probably Jack 5hit !
And you my friend is why most folk lose money investing.
No patience !
No clue as to what they were purchasing !
No idea where to turn to next !
You make your own luck in this world, by believing in what you invest your time into.
Why now after three years would you bother to post telling all & sundry just how bad your investment has turned out.
Surely after 3 years having probably initially bought at the top, you’d want to see just what happens with GGP going forward, as the rewards surely outweigh the risks.
GGP now valued at a little over £300M for it’s 30% share of Havieron alone, and considering a valuation of £60M was attached to just 5% of Havieron, then even a blind man on a galloping horse, knows just what a great opportunity anyone who stays the course could benefit.
Talking of horses, with the Grand National just being run last weekend, it’s fitting that “I am Maximus” was the victor, having overcome 30 hurdles.
Many a punter lost a few quid with their nag not staying the course, including some who unseated their riders at trickier obstacles such as “Beechers Brook, The Chair, and The Canal Turn”
Maybe it’s just a coincidence, but I do find comparing The National to GGP very apt.
Four and a half mile circuit (GN)
Four and a half years & counting to get from JV to production (GGP)
Plenty Hurdles to overcome including one involving water (GN) & (GGP)
Not many starters go on to finish (GN) & (GGP)
Two laps of the track (GN)
Two upward trajectories on the Lassonde Curve (GGP)
There’s always a winning jockey, (Shaun Day GGP)
And last but not least, champagne corks a popping once the finishing line is crossed.
So Trevhutch, you take whatever is left of your stake money, and go try find yourself a winner. Just like many a punter who place bets with a bookie, 72% of folk who invest on AIM also lose, but at least your bet on GGP maybe not in the lead right now, it’s still in the race, and like most favourites, will put on a bit of a sprint, and claim victory by quite a margin.
Your call, your money, but just don’t get folk who come on after never posting before, crying about what a bad decision they made.
That’s life, get over it, not everything in life turns out smelling of roses first time. Sometimes those roses need plenty of muck spreading on top of em first, before they bloom.