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I’ve only just remembered that last year we had months and months of technical FUD with the GreenTool and others - who said Havieron would never be economic. Yet here we are one year on with a gigantic starter deposit, a $50m decline going in, and $50m GGP cash funding to DFS plus a published phase 1 mine PFS to take to the bank. So NCM can get ore to Telfer ASAP.
You may be able to confuse and scare the un-researched with your manipulation, but you cannot touch Bamps or me. For the rest of you MrBigShorts is a skilled and devious operator who t’other night was attempting to exploit an ostensibly clever argument. The posts were subsequently removed this on Monday mourning - for the correct reasons.
What ‘it’ was trying to do was apply NCM's conservative, underground, stoping phase-1 mine operational costs (@ $84/tonne - actually $81/tonne according to GGP using the correct exchange rate to Bulk Underground production). The first stoping operation has naturally lower volumes, due to the inherent volume limitations of the stoping technique and higher costs: ore transport to surface limitation; requirement for drill and blast/explosives; extra material handling/subsequent labour in back pasting costs.
But you cannot apply this to the anticipated Bulk underground block caving grades of the larger scale deposit where the cost per tonne would be circa $25-27/tonne. This is a totally and fundamentally inappropriate comparison made by BiggL - it's like comparing two completely different company cost structures, AND specifically designed to imply that anything under 1.5g is likely to be 'uneconomic'.
It is total man-cow poo-poo because we ALL know that Cadia is economic down to 0.4g/t Au; specifically, due to the bulk efficiencies of the operational costs. And very much like comparing and interweaving the cost structure of building Ferraris directly to Ford Fiestas: i.e. both make massive profits, BUT in TOTALLY different ways. Obviously you cannot make a profit building Ford Fiestas the way you build a Ferrari. That would be loss making. But it’s a damn fine analogy.
And that is the tactic of this poster.
Let’s smash them into touch. Expect multiple short wearers with a very obvious agenda (and twitchy bot-bots). Regarding bulk underground: the only question is will this be a block cave or a more selective sub level cave? Anyone with any mining nous can see that. The grades in those breccia are nothing short of sensational. And goldmines in their own rights.
So. Incoherently and a tad repetitiously this is for the LooSE Fart Controllers: or tex, GGP stock on loan has risen by almost 60% while the SP has not unrisen. Is Mr Big Shorts shorts somewhat smellier, stinkier even? Have big buys got Mr Big shorts into big trouble? Last Thursday, after the close someone bought: @ 18:02:31 17.87 1,325,000 Buy* 17.30 17.50 236.78k. The day before (again after hours) another bye-buy Shortpants:: @ 16:36:54 17.8377 1,500,000 Buy* 17.30 17.70 267.57K
And (hold your nose - loose sphincter alert) at exactly the same time: @16:36:54 17.8377 1,500,000 Buy* 17.30 17.70 267.57K.
Which had been preceded same day by@ 14:57 2 x 450,000 17.5 Buys* £76.75k each.
Did I buy 5.225m shares that day? Mmm think not. But my memory is not good. I'm sure there was something else I wanted to post. Now, what was it? Mmmmmm...
Ha! According to Ortex, GGP stock on loan has increased from 17.3 (vol) on 6th Oct (pre PFS) to over 27.31m (vol) at time of writing: a rise of 57.8% to be exact.
Yet in the same period, the SP has risen from c15.5p to c17.5p: about 12% up.
Did the PFS take Mr Big Shorts by surprise?
Realistically it must have as it has it accelerated the inevitable attraction on GGP for some IIs (and made Mr Shorts’ shorts somewhat windier, somewhat whiffier?)
On Thursday, after all, after the close we had this buy: @ 18:02:31 17.87 1,325,000 Buy* 17.30 17.50 236.78k
Wednesday, again after hours this one: @ 16:36:54 17.8377 1,500,000 Buy* 17.30 17.70 267.57K
Repeat Wednesday and same time: @16:36:54 17.8377 1,500,000 Buy* 17.30 17.70 267.57K
On Wednesday also: @ 14:57 2 x 450,000 17.5 Buys* £76.75k each.
That’s c5.225m shares bought by (I very much doubt) PIs.
Essentially, are the Instos making their play?
Thus, will Mr Big Shorts be cut short?
His bowels must be loose.
Is it our time as PIs to have some fund fun at Mr Big Shorts’ expense?
Something nice to ponder on while remembering this: the MMs can’t take the extra hour in beddy byes off you tonight!
Okay you trolls, we take it all back. Us MTH/LTHs we're wrong all along about Havieron and GGP.
Never have guessed it would be so affordable to mine.
Had no idea it is as big as it is and that it is getting bigger.
With better grades.
Never in our wildest dreams believed a Tier 1 partner would push the early stages through as fast.
We were wrong. Blissfully so.
Apologies if already spotted and posted but:
Price Change % Change
Greatland Gold (GGP) 19.70 3.90 +24.68%
Kefi Gold (KEFI) 1.15 0.204 +21.47%
Sosandar (SOS) 29.50 4.30 +17.06%
Supply@me Cap (SYME) 0.255 0.035 +15.91%
Invinity Energy (IES) 86.50 11.50 +15.33%
This is a good day. There will be more. There will also be bad (viz the SP which is transient) days. Havieron is essential to NCM who are good friends to us, as we to them. This is an investment (off which some traders can and will make a few bucks) because this is a mine, nearly.
It will be.
As Paddy found for us yesterday, in the (unprompted, note) words of esteemed geologist Dr Brett Davis, "Havieron is a beautiful deposit with amazing world class textures."
As our esteemed resident ‘expert’ (my word not his - he is way too humble to claim that) Bamps has frequently said, and continues to be proved right, it is a deposit (atm) that as yet we know not where it ends – south, east, west maybe a bit North!
It’s a reality that is happening right now, that we get to know in advance of news announcements again thanks to Paddy (in his Sat-Centre bunker - sorry mate) where, cloud cover permitting, buildings, jobs, logistics at Havieron’s decline, environs (and elsewhere nearby and a tad further too) is at an unparalleled rate, 24 hours a day, in 45 + degree heat.
Thanks to Hydro (who is constant despite his many attackers – and I can personally vouch, a top bloke/family man) we know our company is a constant target for shorting, manipulation etc precisely because it has so much inherent value that even a moron PI in a hurry can spot its worth. So testing resolve is a daily tactic.
But along with other great posters, like the continued reminders of good news to come courtesy of Lenz, can we all now GET why Hydro said “GGP shares should be held for life - ie until buy out or they pay dividends to you or your children...These opportunities come along once or twice in a life time...”?
Enjoy today but just like the bad days it’s just a (albeit welcome) another day towards GGP realising what it is. An investment. Which takes time. Mr Buffet says making money on the markets is an exercise in the transfer of wealth from the impatient to the patient.
Which we all know is Paddy-speak for (altogether now) “Sit on your hands!”
Love people like Thingummyhandjob. Make me feel so much more confident am holding the right stock. Thingummyblob obviously does not hold this stock otherwise he wouldn't be ****ging it and its LTHs down to hopefully contribute to SP falling (he must know his own efforts cannot achieve that on their own - err, maybe not). He is not here to do us LTHs a favour as a philanthropic act, is he? So why is he here - random nutjob just happened upon EUA share chat. Nah, don't think so. But he did only join....today.
Thanks Ouzo65,
What - rum more than the drink from which your name must surely derive?
Scottish whisky me. Now watch this for an example of how to wind a few fellas up (not you grog guzzlers of course!)
Mixing the same malt whisky (yes, I said 'mixing') with the same mixer (I like diet coke fyi) is less 'heretical' than asking for a "Scotch and cola, please mate."
In other words; it is more of a sacrilege to mix anything with a (admittedly decent) blend (like Bell's, Grouse, Johnnie Walker Red and J&B) at the lower end and outright, ill-informed ******y to mix a Chivas or Johnnie Walker Black , to name but two examples of many with, well, anything except chilled water but not ice.
Completely off piste, but I think this board may have some 'Malterati' amongst its members, discuss:
I was kindly alerted to this stock whilst it was suspended. When it came back on I bought into it (modestly, I am not rich) because having done some (6 hours?) research I believed its SP would rise once freed up. BUT, for 1 reason, and 1 reason only, I also believed it had a huge potential to be an investment (not a short term trade-up, which a moron in a hurry could shurely spot?). The BOD are just sssssssssssssssssssssssssssssssssssoooooooooooooooooooooooooooooooooooooooooooooohhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh mahoosively invested they are either liars (which would mean they face prison sentences) or, and yes I'll say it again, 'or' they thinkthey are on to something.
I am not a LTH (my mate Mark - take a bow, is) but I am a MTH surely?.
This of course can be a tradeable stock - i.e. daily. But if ever there was an AIM stock that has the potential for investors (peeps that put money into something they believe long term will reap fruit - a bit like, well, a fruit sapling) to trust in, with its BOD's skin in game and unique position/relationships/sheer breadth and depth of assets, this is (caveat warning IMHO) it.
And nothing, but nothing I have yet to see changes my opinion. If you are fortunate enough to be able to ignore the SP and its shenanigans and don't need cash back soon (I had to trade some stuff and be extra nice to wife to afford to go from short term holder to being able to wait) then this to 'Anyone with a modicum of intelligence or sense' is the very definition of an investment.
It will pay off. No one can put a time on it. This RNS says to me its closer.
BTW, whilst not a fan of the sea-speak and piratical prose, I sincerely thank Tilly, Mac etc for their tireless and well placed optimism.
GLA - my own rants.
Top stuff Bamps. Your posts are such a rich source of material for us (theo)luddites!
Never do you say what you post is gospel; always you make clear your erudite, well analysed and (because you don't have absolute direct access to the cores) incredibly insightful 'opinion-posts'- are clearly the upshot of someone who is definitely not trying to ramp. BUT is 100% focussed on trying to explain deeply (excuse pun) complex language and terminology, for everyone to draw their own conclusions. The fact that you remain so positive without ramping; the fact that you are undoubtedly, substantially financially committed to this stock and, most important of all, that you selflessly devote hours of your own time, unasked, to help paint a richer, wider picture from which us less informed can make conclusions is nothing short of kindness. Thank you Bamps for all you do - I'm sure Paddy, Magic, Hydro, Bottle, Bellers, Viking, Zoros etc (and apologies to those I missed) would love to, if the AGM is in person, to get in the queue behind me to buy you a cider/beer.
And on that note, assuming it will be a F2F AGM, who's up for pressing Shaun now for a December date so some of us who will have to travel can find a bed for a night that we must surely hope will allow us to sleep off/dream about our future in Greatbig Goldland?
Horse.mouth
I think good BODs who recognise the support provided for their ambitions for the company when times were leaner or others lacked confidence do, in fact, care about us, little old PIs.
This board definitely cares about this SP. They want it to reflect the work they have put in and the inherent potential. They don't want it to be silly-high because that can deter more risk averse IIs with big pockets; too cheap and it creates risk that they may not necessarily be able to control.
Ultimately the EUA board cares about the SP because when the times (yes plural) to reap what they have sewn; to take advantage of the limbs, bones, organs and skin they have in this 'game', multiples of the SP on the day, or averaged over a 'to-be determined' period, will be one of the factors that have a bearing and impact on the size of the islands, yachts and jets they can buy.
With their loose change.
FWIW I also think our BOD are human despite their superhuman efforts and probably do dip, from time to time, their toes in the ripples caused by Tilly and his crew on this board and think, "These MMs really have made life unpleasant for some of our long-term, loyal SHs. How best can we, to coin a phrase reverse engineer some heavyweight traffic through their lower intestinal tracts?"
GLA
Hi Bamps, as usual a coherent and well thought through response from your good self! Net-nett I think this is as most people are calling it, and now you too, growing 'pains' brought on by the pressure if IIs...stay the course, sit on hands
Taverham, I agree. I also think this is another indicator of a growing organisation if not growing pain. Several things are for sure: the Havieron asset and our other potential strikes/targets make us a very attractive company and no doubt big investment players are paying us attention. Equally, SD's options are @25p - he must be confident of surpassing that SP to benefit and will be doing everything he thinks fit to achieve that. Either way these two points are good for us PIs. CB may well take advantage of the tax benefits of selling equity in a company you're a director of too (assuming similar structure to UK entrepreneurial tax law) while he still is - I would. In which case, if you believe in GGP as I do it's another loading opportunity.
And lastly, whatever I say or anyone on this board, with the almost certain exception of Paddy and probably Bamps, Hydro and Magic won't make a blind bit of difference to the MMs and the SP! Healthy debate and hypothesising is what these boards are for....
This can mean one thing only: he is going to be working less than he was before. More leisure time which is muchly deserved. Whether it was his decision or Sahun's will emerge over time. the TAC created will hopefully mitigate some of the hours we've lost from him. But with more time to play he may well need more disposable income and he has a lot of shares at his his disposal. Timings over next few days and weeks will be crucial; good news offsetting the likelihood of more shares on the market.