Good morning Tom the bomb,
Nice lost and I agree with almost all of it,the only part I think we need to revise upwards is the 33m capex cost by Hannam, this will increase but there is a very very good reason for this!
Block cave bulk mining! That 33m was based on the decline and Hugh grade stoking operation, a block cave will cost more,how much more I don’t know,could we get the finance? In a heart beat.
Block caving changes the game, whilst it will also increase the costs, those cost are gladly incurred for the rewards of a AISC 70% less than our peers!
What is clear is that capex will not be a problem given the economics of havarion and the proximity to telfer.
A very very good “problem” to HAV.
Ducks ducks ducks
We are listed in London.there is no time difference other than on NC drilling reports or announcements. Ggp announcements are UK. nc announcements are the nite before and rns 7/8am for GGP. I expect a TR1 at 8am unless gdxj arnt finished buying
Please do come back in a couple of weeks and let us know how you got on.
Most weak holders are out as of last week. Block cave and our resource increase seems to have been forgotten due to the global etf buying a few shares.
You will get 4x this value in two years. Or should I say some savy II will if you think this is anywhere close to the end of our journey.
Games will he played,which side will you end up on?
Ducks Ducks Ducks
Id like to try make a point,on our Gdjx inclusion and how it works, happy to be corrected but it would appear no due diligence is done,it’s based on technicals and not any fundamentals.perhaps once qualified with their criteria there is a bit of compliance DD to make sure it’s not a fraud or what have you.
But GDXJ did not buy into GGP like you or I would, believing in the company. There hasn’t been due diligence in the results or the drill holes or the proximity to telfer or our scally prospects. It’s pure technical factors on momentum and mcap and liquidity.it tracks a sector of qualifying companies(as does the sprott etf)
What is now likely to happen imo,is they will be followed in by the institutional investors as gold gains ever more momentum and GGP, by being included in this index ,gains world wide exposure. The effect of this and the recent derisking factors of mining lease and Resource increase should not be underestimated as it unties the hands of institutions in many ways.
Now those investors will do all together another kind of due diligence,the very kinda we do or should do. They will have confidence that we are derisked enough to be on a major ETF and now very much on their radar with no more mcap constraints etc.
Even better is that provided we maintain our technical criteria, we will remain in the index and those shares will be possibly some of the stickiest in our books,they won’t sell out in a 2 day shake,instos shouldn’t either but they might as they will have bought in a different way and have a risk appetite and tolerance unlike gdxj.
Sorry for the rambling but this is very much what my research is telling me,I’m happy to be corrected,I mean it’s all very very good news for us. Period ??
This is still the start,we’ve just entered the big leagues folks and whilst it’s strat the huge investment has come with nothing to do with our fundamentals discovery,it’s opened the doors for those who will enter on fundamentals and hey, macro/micro you name it,we got those fundamentals.
We are now a globally significant discovery.
Ducks ducks ducks
It’s easy to forget with all this gdxj share buying shenanigans that we are sprinting not walking ,towards a tier one gold mine which is globally significant.
Forget what the price is at close today (25p) or Monday or next week. We are into a major global ETF,we’ve arrived.
Our resource has almost certainly doubled and will continue to grow with each of the 9rigs drilling the bejesus out of it 24/7 .the macro economics could not look better and block cave looks possible with or without them.
Ducks Ducks Ducks
What a difference a week makes. I’ve been staying away from the board and skimming as is best during weeks like this to retain your sanity.
Just a quick shout out to all fellow holders in this amazing journey. Ignore the noise,ignore the volitility,hold for the MrE which will be a company maker!
The game has changed. We are going block cave mining and the world is sitting up to take notice.
I personally think the fireworks have already happened and expect to be flat Monday,but 4p in a week will do just fine. If they have been front running then a quick sale to van ek and we have a sticky etf with a bucked loss of shares added to our lth holding base. Cooked and ready for all of the news flow which will be relentless until the big one in December.
Ducks Ducks Ducks
I am with you on that bamps. From memory i heard in from the Shaw and partners analyst who said the MRE is due end of the year which forms part of the PFS. So i too thought the PFS would be ready end of the year, I guess it can still form part of the PFS without them being issued together.
but mostly what I took from that interview were his comments that Havarion could be that big, that high grade, and last that long (multi decade!!! good luck all, dont give them your shares on the cheap we all know whats about to happen
Paddy my only thought is would we be responsible for their over spend for our proportion, anyone know the answer I have long felt NC are going to spend far in excess of the farm in requirements, surely a explo decline wasnt part of the thought process at the beginning of the JV when working out the 65m spend, or was it?
Any more enlightened than I that can answer this?
Im totally confused,since when were we listed in germany? Website says no other trading platform, I’ve only ever seen us on aim,is this a dual listing or just Germans accessing our market via a provider who is charging a higher price! I’m lost! Do I now need to be checking to prices at close hahaha
Looool Canary Wharf boy is back! We all remember the last time you care on here telling us we were in trouble, was about 300% ago?
Tesco shift about to start, share consolidation ????alright then John snow
Ah but Paddy......They will need to make a stop to load more ore on the way to telfer from Scally/BH and PRE though , so the road may zig zag a bit on its way to telfer or have a couple branches of pipeline before a straight line:) Ah we can dream
Put of interest Velo,since you seem intent on making your point. What indicator do you expect after we double our resource,have our mining lease granted,all but confirm bulk tonnage halving our costs all in the same week as being promoted into the gdxj,sorry were you expecting oversold? Ofcourse we are overbought,the fundamentals have blown the bloody doors of. It’s obvious you want a cheaper entry,you may just get it and good luck to you,but don’t come in here pontificating about or so being overbought,as you rightly point out,what would have happened to our poor shareholders who bought at other times GGP appeared overbought,yup,they would be smiling. Just bury your technicals and jump on board,no need to try for a lower entry,the game just changed for GGP.come and be part of this wonderful journey.