Member Info for SpadesAspade

Anyone thinking GGP will be taken out before production, needs to give their head a wobble.

I’m not saying the BOD’s wont eventually recommend a sale of Havieron, but as Newmont once said “Not at this time”.

Shaun hasn’t built this very experienced team around him, to just sit and twiddle their thumbs. He has plans afoot that we are not party to at present.

But the main reason I think we won’t sell anytime soon, is because valuations of juniors are probably at all time lows, and we are certainly not a distressed seller.

In time, maybe when juniors are valued more favourably, Shaun just might decide to recommend that “eye watering amount” he famously said, but not now, not at these ridiculous valuations.

What’s the rush anyway ?

Acechasher, or better known to his mates as Goldilocks, coz he can’t even manage three beer’s.

The old one’s are the best, eh ace 👍

Tig, I’m almost certain SD said 7900 oz pvm, for over 1 km deep, along with a mine that will be worked for decades to come.

We are within 420 mtr’s of reaching the orebody, which sort of reminds me, that it’s like being on the last lap of a marathon, whereby everyone will be clambering for seats to see the grand finale.

It’s time ladies & gentlemen to purchase those tickets now, whilst they are still at a discount, because you know by the time we are about to cross the winning line, the corporate supporters will already be in their boxes, eating prawn sandwiches & quaffing champagne.

We may not get an invite into their corporate boxes, but we can’t half get a much better seat by buying early.

7.45p per ticket, absolute bargain !

MH01, I did say less taxes, atbf, I don’t think we’ll be paying too much tax in the early years as losses and loans will be offset against any taxes due.

Tig, further to your post this morning, I think your calculations are slightly flawed.

If you take all 5.1B shares into consideration, and divide that by our current market cap of £372.3M, we are currently being valued at £147.74p per ounce for our 30% share of the 8.4M ounces declared in the latest MRE Document.

That’s why I continue to hold, because like you say, once that gold has been mined and brought to surface & processed, the value of it rises significantly.

So let’s assume the current value of Gold stays around the $2000 oz mark, and the AISC goes to $800 per oz, then that leaves $1200 oz gross profit, less of course, the tolling charge at 10%.

Now my interpretation of how the tolling charge is arrived at, is it’ll be 10% of the AISC, not 10% of the POG, so around $80’s per produced oz.

So price to GGP should stand at around $880, thus leaving a decent profit of around $1120/£875 per oz.

So there is a six fold difference in what it is at today’s prices, not accounting for any taxes etc.

But the question you’ve got to ask yourself is, What happens if Havieron does prove in time to be greater than 20M oz’s, and what happens if the POG goes on a bit of a run. That’ll certainly put the cat amongst the pigeons.

Here’s hoping very much, you are still with us to see the benefits of your investment. ATB

MH01, I’m not ramping and I’m certainly not getting flustered !

A couple of things in your last post I do agree with, firstly the AISC, nobody knows except the ones holding the purse strings, what that might end up being. And secondly, the date that we actually start to get the all important Gold/Copper out of the ground.

All that said, and comparing what we do know of other producing mines of similar size, what I’m pointing out is the 99.9% probability that we should get a very positive re-rate, unless of course, the AISC has totally run away with itself, but somehow, I just don’t see anything to say that has happened.

Yes costs like work force wages have probably risen 10%, while other things like fuel are now back to around what they had planned for at $75-80 a barrel.

In all my posts, I’ve always stated “Patience” is the key. I’ve never ever once said the SP will be X next week, next month or year.

But I do believe anyone holding, will reap the benefits of maintaining their position of holding GGP shares. Even more so at this low level. Upside definitely outweighs downside, don’t you agree ?

Even a Blind man on a galloping horse can see that once producing, GGP will be selling it wares at around A$3000 worse case scenario, thus leading to a re-rate in our SP.

Can I ask why your still holding when all you seem to be doing is painting a bleak outcome. What’s changed from your £1 tomorrow prediction in 2020 ?

Aquakidd, who gives a flying f**k about the shorters, I don’t. They’ll be long gone before GGP start to produce. The only who’ll be showing an interest in them, are the traders here. It’s them that the traders are doing battle with, not the LT investor’s.

MH01, it’s interesting what you say about how much per A$ companies are hedging for. In your example A$3400 per Oz.

Currently our Market cap of £378M is only valuing our 30% share of Gold in the ground at £153 or A$295 per Oz.

Can’t you see the massive disparity between those two figures, and that’s why I along with others think the future looks very Rosy for GGP.

Do the maths !

Tymers, MOT's & MAP's, what are you going on about ? Please read through your post before sending Thanx !

MH01, Who was that stated "One pound tomorrow" back on the 6-12-2020 ?

I'm sure you were not thinking of 20p back then. I'm not getting into an argument about this because it's poinless. I'm just pointing out that some here still believe/dream of much clearer sky's ahead, leading to a far greater SP than the one we are currently witnessing.

ATB

Exactly Speedie, how can anyone at this stage of the proceedings say that this won't be worth X in a few years. They can't !

It pi55es me off when some lambast people, who have a more positive outlook than others. It's not saying to everyone, buy, buy, buy. It's just showing a bit more belief in their investment.

Like the old saying goes, "You wouldn't stick your hand in the fire, just because someone said to do so". I'm pretty sure most here have a degree of commom sense, and follow their own gut feeling.

Only the ones who "Just don't get it" !

But we have 100% more gold in the ground, 4.2M oz as opposed to 8.4M oz now, and kept the 5%.

High grade definitely. Length of strike short. But who knows on further exploration what will turn up. But at least it goes to show there’s gold deposits in the area. Upto now, they are far better than we’ve turned up at Scallywag.

Trippy, Shaun hasn’t gathered together this band of renegade BOD’s on a whim.

You gotta ask yourself, why they would of even considered joining GGP, if it was just an ordinary play.

You’ve got to read into the things that haven’t been said, than those that have.

Havieron in itself, will be a massive mine, producing far more than has yet been stated.

We are still at the infancy stage of this project, and personally I think Shaun is playing a blinder.

He wants the whole lot, not the 30% we currently have, but the whole kit and Caboodle.

He’s got the backing of Andrew Forrest, who imo, has yet to show his hand. But I’ll bet my bottom dollar he’s in this for the long run.

Shaun is holding everything very, very close to his chest, and will only call out Newmont’s hand when things become much clearer.

If Newmont decide it’s not for them, then as Shaun has stated, he’d love the “Buy the farm back”.

If Newmont decide it is for them, and why shouldn’t they, then it’s down to two scenarios.

They want it all, thus making an offer to GGP for our 30%, and Shaun knows what it’s worth, so don’t expect him to accept a poultry offer.

The second scenario is that we just stick to the original plan, and scoop up 30% of multi-decade profits.

Whichever the option GGP decides to adopt, it’s a Win, no matter which side of the fence you decide to sit on.

All the BS posted here is just that, “BUll5HIT”, and just proves to me that some just don’t get it.

Freddie accused me of being a fool for not taking the bait when it was offered. All I can say Fred, is I’m not here for 38p, double it and I might just be tempted.

Whether that takes another 5 years, I ain’t going nowhere.

Tis not so young Ace, but far from just rolling over either.

Fair dinkum mate, you Little aussie possum

TBh who give a flying F**k whether or not it’s a town or a city ?

It is what it is, I’m more interested in what SD has to say in the latest podcast by the Sunday Roast gang.

Imo there’s no doubt at all, that whether we get bought out, or go on to be the sole owner of Havieron, we will all benefit, some more than others,I admit !

Speedie have you been on the sauce today ?

Whatever happens, investors will do very well, whichever way the tide goes.

My impression from what he is stating is that Shaun’s preferred opinion, would be to have the chance of going it alone.

Like he said, he’s got this highly ranked BOD’s to do just that.

This guy knows what’s what, and imo, I would love to see just what could be obtained with his foresight, that 99% of punters here Just don’t understand.

No matter what happens in the next couple of years, like Callum stated, it’ll be a win win scenario.

To the doubting Thomas’s out there, you do what you think you have to do. Me I’m going nowhere.

Bamps, could it not be, being the height of summer out there were temperatures reach the high 40’s, that the evaporation ponds are doing just that, evaporating the water at a faster rate to what we’ve already seen.

Just an idea !

Ben what I was trying to show, is how the institution’s are increasing their percentage.

There was no way they were buying into GGP for tens of pennies, but now it’s down to single digits, they seem to be taking up the slack from disgruntled Pi’s, who are not seeing the returns they once thought would of been guaranteed by now.

Yes we all agree the SP is in a sorry state, but it’s not just GGP, it’s all juniors and especially exploration plays.

Once the Bulls return to the markets, GGP along with many other goldies will start to fly.

The stock market is just one huge game of snakes & ladders. The key is knowing when to cash out before the ladders get just as slippery as the snakes.