Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Another I!
Remember moving my then inconsiderable investment into an ISA when the stories of Newmont first appeared just incase something came of it..... then thought that was a complete waste of time when they walked!
A little patience and faith has paid off though and hoping the next few years of being a Greatland shareholder are as rewarding as the last couple!
If using conservative figures you arrive at a valuation for one of the projects at 2 to 3 times the current company valuation then I'd be thinking it's the time to buy! The market will catch up when sentiment returns and 10p will be history.
The MRE is on its way (maybe days or maybe months) and any resourse estimates are speculation at this stage but as Mickey says it does look like there's significant upside should the outcome be favourable.
If you have a spare half hour have a listen to this Rick Rule interview and if you believe in your investment here it will put your mind at ease.
https://youtu.be/DPuH-OjilW0
https://twitter.com/Oilplayer2009/status/1445804182590484482
Wherever in the sector you put your money this year you'd be forgiven for feeling like you've been played. The ace here could very well be to keep topping up during these unloved days and reaping the rewards when sentiment returns..... If you believe in the company of course!
https://www.newcrest.com/our-assets/havieron
Check out the last paragraph and it states the PFS is anticipated within the next 3 months, so it must be well advanced..... whether SD said it was or not
I can't help but feel your devoting a little too much of your time to PAT JL..... Probably more than Mark himself does! Mickey is a bit like an overexcited child on Christmas morning but I can't help but think you are getting a bit carried away too talking about bankable feasability studies in your earlier post. We've only had the first few assays from Bassala, the MRE from labola hasn't arrived and your already talking about knowing the projects are profitable and what capital is required. Mines take years to develop, it has been a good year, and yes the sp is disappointing but when the two biggest trades of the day are sells you can't expect a big rise in the sp!
First bought into GGP at 0.0045p..... Sticking the shares into a drawer and forgetting about them in hope through the unloved days was undoubtedly the best financial decision/gamble of my life. Not saying I'm expecting the same degree of success here but then I didn't from GGP either..... It's all about patience, giving the company time and accepting that there will be a few bumps along the road
"Moydow has moved quickly, recently completing its initial drilling programme at Labola and anticipates the release of its maiden mineral resource estimate in the fourth quarter of this calendar year."
Hopefully a few eyes will be opened before the year end when the Labola MRE lands
With RC drilling assays to follow in October there's plenty more to come soon, not forgetting the remainder of the AC assays presumably in early 2022.
If Mark can pull his aim of becoming a mid tier miner off you'll be glad you bought in at these prices and held.
I managed to add another 12k shares on Friday sub 12p, I can't imagine the sp going much lower and with news likely to drop anytime it's too good an opportunity to miss..... so long as there is news incoming and it's good news!
If you bought in at 4 or 5p you could almost bank a 200% gain today! If you sold in the mid 30's a gain of 600%+ was possible.
As you say timing is everything and all I was trying to highlight was that patience often pays off if you invest in the right company with big gains being possible....
Looking further back, some will have bought in late 2018/early 2019 for under 2p and will still be sitting on very healthy gains.
Who knows where Panthera will be in another 3 years time, fingers crossed the sp will be in the £££ and we will be sittting comfortably with multi bag gains
The last flicker from Bhukia sent the sp to nearly 40p in a matter of weeks, any breakthrough (not just speculation) will send the sp to multiples of that. The odds of a resolution look similar to being struck by lightening at the minute though!
Even though there's plenty doom and gloom at the minute the sp is still over 200% up over the last 12 months with very little in the way of company making news and the disappointment from India.
Hang on in there for another 12 months of assay results an MRE and whatever else Mark comes up with and we should be good for another 200%+.
There are always risks, Panthera aren't operating in the safest of jurisdictions and a lot can change, but we all knew that when we invested and the rewards for those who take the risks now at this early stage will be greater than if you jump on the bandwagon further on the journey. (if all goes to plan obviously!)
Does it really matter what the market thinks in the first hour of trading when we have this to look forward to....
"· The remaining 78% of assays will be reported periodically over the coming weeks
· The remaining 9 of the 22 targets identified at Bassala are planned to be drilled after the wet season"
That's only the start remember, many years work lie ahead at Bassala.... See what the markets make in a few years time when the resource is better understood and of course there will be other projects to factor in aswell.
Look at the bigger picture and ignore the day to day stuff!
It is encouraging that the current interpretation is that mineralisation may in part be flat-lying, similar to the nearby Kalana mineralisation (Endeavour Resources) which consists of a series of stacked sub-horizontal zones. If this interpretation is correct, only the uppermost zones will have been intersected in this shallow drilling, with potential for further zones at depth."
Hopefully plenty more to come too, they've only just scratched the surface..... Potentially!
Mark clearly has no concept of time, in an interview earlier this year he stated that the labola MRE would arrive in Q2 2021, here we are today in Q3 with an RNS stating that drilling has only just been completed.
Any gold that's there won't disappear and I'm sure Mark will deliver.... Its just a question of when.
"It is expected that first results will be reported within the next four weeks."
Those were Marks words on the 15th of July so if
Marks credibility isn't to take a hit we should here something in the next couple of weeks.
As far as I'm aware (happily be corrected if I'm wrong) drilling at labola hasn't been completed yet so we're a long way off jorc announcements yet. Assay results were stated as coming in from Q3 so I won't be expecting any resourse estimates until late Q4 at the very earliest.
There's still time to hit 27p prior to any resourse announcement and remember with so few shares issued small changes to the MCap make big differences to the sp!
Take the rampers timescales with a pinch of salt, surprised they haven't suggested that ore will be being mined and gold poured by the year end yet..... Exploration takes years not days and weeks!