We would love to hear your thoughts about our site and services, please take our survey here.
MH01 Iām not trying to discredit you at all. Your last paragraph, 6p to 47p, Iām 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 postās, doesnāt mean I totally disagree with the author of those posts on everything, as Iām sure everyone doesnāt 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 ? Youāre 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 LTHās 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 Ā£5 are all hypothetical at this stage until the board announce in which direction we are headed.
One thing we definitely donāt need is someone telling us weāre all dreamerās, 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 doesnāt 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 $64,000ās, and the world hasnāt imploded, so why should it implode just because gold returns to what it has done for the last 4000 years. Obviously the doom mongerās 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 Ā£3-6 a pint.
MH01 just because we are only currently valued at 6p doesnāt mean in a few years we couldnāt 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 thereās one thing Iāve learned, itās never to say never, because you just never know how things can pan out. And whatās wrong with a little positivity or as some of you like to call ramping ? Because if us investors donāt portray it, then the naysayers certainly wonāt !
Ace, itās like famous Irish comic used to say, āItās the way I tell emā š
All this talk about ramps makes me think about the biggest ramp of all. For the last three years itās 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 donāt 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 hadnāt 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 youāve 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, youād want to see just what happens with GGP going forward, as the rewards surely outweigh the risks.
GGP now valued at a little over Ā£300M for itās 30% share of Havieron alone, and considering a valuation of Ā£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, itās fitting that āI am Maximusā 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 āBeechers Brook, The Chair, and The Canal Turnā
Maybe itās 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)
Thereās 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, itās 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 donāt get folk who come on after never posting before, crying about what a bad decision they made.
Thatās 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.
Hey Chuff, maybe next Friday his partner in crime, Good Dallas (Loadsa Gold) may make an appearance.
Hey Freddie, as a great comedian used to say āOooo you are awful, but I like youā.
ššš
JSI, you mentioned about āTHEYā wanting to get rid of the middle class. Complete bunkum !
Thatās the complete opposite of what has happened over the last 25 years.
The Rich & Famous donāt want to be burdened by paying for everything, the poor canāt afford to, so who dya thinks left to pick up the tab, Yes, the middle class.
I donāt care what anyone says, but the majority of folk have never been as wealthy as they are now.
I live in the NW of England where not too many years ago we used to eat black pudding and race whippets, whilst our housing stock was mainly of the terraced house type, with maybe a few in the street fortunate enough to own a car and a colour TV.
Now look around and see just how many fine housing developments have been built, with the majority of families, who have anything about them, living in three/four bedroom houses with 2/3 cars, numerous TVās and each year fly off to a foreign destination to holiday, not as they used to, travelling by coach to Blackpool for a ride on the donkeys.
Iām sick to death of hearing people say weāve never had it so bad. Thatās only because things are returning to their mean average over the last fifty years. Since 2007/8 people have been living in a bubble, having never witnessed mortgage interest rates at anywhere between 7%/17%.
If people are prepared to work, they can achieve anything they want to in life. Itās not a given that governmentās should provide everything, they are there for support if needed, but donāt get me started on how governments since the 50ās have performed.
Couldnāt run a P155 up in a brewery, none of em !
Tinners, Iāve just unblocked you to see what all the fuss is about.
You said āgreat positive thread, but you havenāt even given an opinion on my questionsā.
Well now you know the reason why I didnāt answer was because you were in my bin, probably for posting utter tripe in the past.
But now you ask, you seem to be basing all your questions about just how GGP can possibly finance an operation themselves.
I could give you 8.4 million reasons as to how & why, but that would just be a waste of my time, wouldnāt it ?
You say you are a simple Pi !
I say you are also one with a simple mind with simple expectations.
Do you own a house ?
If so, how did you finance the purchase when the cost of said house was probably many many multiples of your earnings ?
Now try thinking about folk who were brave enough to borrow money for SMEās were the money borrowed was not at low mortgage rates, but at a premium and had to be paid off usually within 5 years.
Have you ever wondered just how property landlords end up owning several houses, when on paper, their own income wouldnāt pay the mortgages ?
Well itās through borrowing money from whoever is prepared to lend it, of which Iāve done all the above, without having the proverbial silver spoon upbringing.
Just because you canāt or even have any clue how to do it, doesnāt mean it canāt be done, because Iām telling you from my experience, IT CAN !
Now compared to GGPās BODās, Iām minuscule in comparison, so instead of just dreaming up stupid questions, try learning a bit about finance and how you can make it work for you, because if Iāve learned one thing in my 61yrs on this earth, it is, that without taking a punt and using other peoples money, youāll never get anywhere.
You can be Mr careful/negative all your life, but without walking in someone elseās shoes whoās actually learned over many years just how to use debt as a means to build something better, then Iāll just be wasting my time trying to explain it to you.
Education my friend is everything, and if you donāt know how the complexities of finance works, then donāt comment on it, because itāll just make you appear stupid.
Who do I believe when Iām told āYes we can afford itā ! Ex Chief Financial Officer now Managing Director, Shaun Day, or someone on a bulletin board with absolutely no clue as to what they talk about. Mmmmm let me think about that š¤š¤š¤
Evening Ntl101, donāt think Iāve had the pleasure of chatting to you before, as not posting as much, as currently thereās nothing to discuss that hasnāt been said a thousand times.
Certain posters just donāt know when to stop, and Iām sure you all know the ones without mentioning any names.
Iām just biding my time, waiting for things to unravel, before getting into any debates on the ifās, butās & maybeās of where we are heading, because itās absolutely pointless !
Once news has been reported via RNSās, thatās the time, I feel, we can all discuss the merits of those announcements. Until then, I find myself praying each day to the sun gods, to hopefully make an appearance and stop this blumming onslaught of crappy weather weāve been subjected to.
Still read most posts of an evening time now, and trying hard by biting my lip, not to waste my time responding to the cretins who appear, who simply canāt see past the end of their noses.
GL to all genuine investors here, keep the faith !
Evening Redirons. L&G took their position to a 124million shares by purchasing another 99 million between Nov/Dec 23. Why do you think the SP almost doubled during that period.
You can see just what happens to an SP once sustained buying occurs ! And it will happen again once conditions allow other iiās to start wanting a piece of the pie.
Every large shareholder on the register has paid considerably more than the current SP, but you donāt see them folding their hand just because of a little uncertainty. They like a lot of others here are just playing the long game. Once the uncertainty has been lifted on GGPās future, thatās when things will change for the better. Itāll be like 2020 all over again.
Hi Dillon, āTime for bedā mate, after that slip, hire/higher !
Sorry but the devil in me just got me to react. ššš
Hey James21, you said, āIts like standing at the entrance of a shop telling everyone who walks in, that the shop sells crap and is too expensive - you just wouldn't do it, would you?
Well, remember Gerald Ratner, he could be Plode ???
You just never know š¤š¤š¤
Hey Tourists, Iāve youāve been a digging whilst playing golf, you mustāve been in plenty of bunkers.
If so, I canāt see you have breaking 90 š«£š
So Bamps, in reality, with an ever decreasing ounce of gold production, a higher AISC than the POG, not to mention a rehabilitation costs that as of yet is unknown, can you tell us why Telfer is worth more than the $1 Shaun said he would pay for Telfer as a going concern.
If it wasnāt for Havieron & possibly a few satellites that may or may not be discovered over the next 5-10 years, Telfer was to be confined to the history books.
In my mind, I just donāt get where some think Telfer is worth anything at all.
Theyāve spent an absolute fortune on it over the last couple of years just to keep it going until the ore from Havieron starts to come through.
If my memory serves me well, I think somewhere to the tune of $240 million was allocated just to keep the lights on at Telfer.
Now with that 2 year extension almost exhausted, and with no date currently forecast for the delivery of ore from Havieron, is it any wonder Newmont have decided enough is enough !
SD as always stated heād love to buy the farm back, but at what costās, nobody knows ?
Thereās still a helluva lot of work to be done and money spent, before reaching the top of the orebody, never mind processing the ore thatās to be extracted.
Do you think Telfer can still be profitable as a gold mine, or are you thinking itās only worth, is in that of processing ore from other deposits such as Havieron and any other future discoveries, in other words, just a processing plant !
Iām of the opinion of the latter, just a processing plant, and as such, should only be worth scrap value for Telfer.
Iāve heard the arguments about how expensive a 20 million tonne per annum processing plant would cost, but how much would it really cost to dismantle one the size of Telferās, transport it to another location, and re-assemble it again ? Probably more than to construct a purpose built new one on site.
The only thing Telfer has going for it is the infrastructure that it provides, runway, accommodation and services such as water gas & lecky. Itās a bit like shoving asylum seekers into a disused Butlins camp at Pwllheli, that was to be Bulldozed to the ground until at the 11th hour something pops up to keep it alive a wee bit longer.
I just hope Shaun and the gang have everything in hand to deliver us everything theyāve said they would. Now is the time to see if their talking the talk, can actually walk the walk !
Letās blumming hope so, or thereāll be some very peeved LTHās including me.
Hey Chuffchuff, that made me chuckle š¤
Iām glad you didnāt let Freddie know about how the process of Osmosis might affect him.
Heāll end up with no water in the bath, but come out looking like a hippo. š
Freddie, I wish youād go into 6 months temporary suspension, instead of reading your incessant blumming whinging.
Yes what we thought we were heading into three years ago has changed massively.
But some here just think the SP should of re-rated by now. That wouldāve been nice, but alas, it wasnāt to be. Get over it, itāll come !
Youāve just got to change your outlook and timeframe when things you canāt control spring up. Who here two/thee years ago thought Newmont would buy out Newcrest ?
So what if the goalposts have moved a tad, fundamentally nothing has changed. The gold is still there. The reserves keep growing year on year. We might just get 100% of it, instead of the 25% most expected.
Itās just a matter of time and patience, which quite obviously you show as having none.
The old saying āRome wasnāt built in a dayā, is true, and neither is a Gold mine no matter how much you want it to.
Patience dear boy, Patience.