The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Trippy. I have now been in GGP for x ( many years ) and have 7 figure shareholdings. I t has been a long wait.
But things is about to burst . First ore by Xmas or early 2025, and that means 1st revenues following.
But before that they need to do their Feasibility studies and get the decision to mine . Should happen in Q3 /Q4. And that will stimulate the SP.
Before that they look certain to get an ASX listing, and the Aussy demand for shares will also will also stimulate.
So Q3 and Q4 this year should see significant price movement,
Theres 8.4 M ozs in the ground ( in the ground does not excite mining discovery prices. )
. Once we get 1st ore there should be an appropriate price jump reflection.
I am reckoning on 15p to 20p by Xmas. It is not too far off now. And it is going to happen. It is a major Tier 1 discovery , and the funding to dig it out is there.
Tig
The future of GGP
I have been a GGP shareholder for as long as I can remember. SP wise it has moved nowhere , but, I am a devout student follower of the Lassonde Curve , and it seems to me that GGP / Havieron is a model share prospect that is sticking more or less to the Lassonde doctrine.
In the distant past , the SP shot up to 30 p ish and then dropped right back down to where it now remains. But the beginning of the end , or is it the end of the beginning . is hoving into view. All things should be in place by end of 2024 when 1st ore occurs
The decline is near to hitting the top of the ore body, and ventilation shafts are also near completion.
The feasibility study is approaching completion, and we should have a Decision To Mine sometime in Q3 . First Ore by Xmas and then Revenues in Q1 2025. So Things is not far off and the next few months should see ( according to Monsieur Lassonde ) a sharp / steady rise in SP back up to 30p plus by Xmas.
A move to the ASX is in prospect , and the Telfer development is looking certain. And best of all the POG is performing beyond all expectation.
And not to mention any of the other GGP prospects starting to blossom.
This is all my hoped for , fact supported , drawing closer , view of the next few months. Am I in the right groove ????.
Tig
@@@@@ Swingman ..... We ( and that is quite a lot of us ) are frustrated and impatient.
However , in my case , I have an overwhelming belief in Monsieur Lassonde.
Look at the 5 year charts above . The SP shot up on discovery, predictably sank to where it is now , wil continue in this orphan period until ( wham/ Bang ) we get an RNS on the PFS , D2M and the s/p rises rapidly as GGP gets moving on trucking the ore up the road to Telfer, .......... all due to happen in Q3 / Q4 2024 ,,,,, with revenues then following in Q1 2025.
Ore in the ground has only a small value, but we know it is there , and SD is slogging away at with all the prep work.
I have actually sold a whole load of my GGP holdings and the £'s are currently involved in some very good Divi stocks , but all to be sold as we move into Q3 and back into GGP.
Patience.
Tig
There are some interesting comments on the LSE and the ASX, Worth watching
Tig
PS - I have some investment in GLEN , and the SP has been moving north\ AU and the ASX about to become the centre of the mining world.
(Alliance News) - Glencore PLC has been asked by a hedge fund to move its primary listing from London to Sydney, the Financial Times reported on Thursday.
Glencore is a Barr, Switzerland-based diversified mining group. It is listed on the London Stock Exchange, as well as on the Johannesburg Stock Exchange.
Tribeca Investment Partners, an Australian hedge fund, wrote to Glencore's board this week with a "list of proposals to boost the share price, which it said had lagged behind rivals since the Swiss commodity giant's public offering in 2011", the FT said.
"Glencore's share price has underperformed its peers," Ben Cleary, portfolio manager of Tribeca Global Natural Resources, wrote in the letter seen by the newspaper. "It is through these actions that the company can increase shareholder return and close the valuation gap."
"London is no longer the home of mining," wrote Cleary, adding that Glencore's progress under Chief Executive Gary Nagle to lower carbon emissions at its mines would be better recognised by investors outside of Europe.
"The LSE has a comparatively low appetite for mining investment and is no longer suitable as the company's primary bourse." he concluded.
https://www.ft.com/content/fde4cadb-f0ba-469c-8f9c-f646de38963e
Glencore shares were marginally higher at 419.35 pence on Thursday morning in London. They were up 0.7% to ZAR99.94 in Johannesburg.
By Sophie Rose, Alliance News senior reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2024 Alliance News Ltd. All Rights Reserved.
But I do see that there are 49 Trades
Whow !!!
Tig
Ot a single Board contribution
This was one of 5 reccommended investments from the Investors Chronicle
I am just investing on a whim and a hope
Does anyone know anything ?
Is anybody there???
Tig
As I understand the Lassonde Curve , GGP is currently in the ( flatlining ) Orphan period , but fast approaching the Development Period which will start to accelerate the SP ( northwards !!! ), and continue on that direction when / once we get the Pre Feasibility Study ( PFS ) , and then subsequently the Decision To Mine ( D2M ). ? Q3 and ? or Q4 2024 . As long as we do not get too many more aquafers.
And then ( aaaagh!!! ) first ore and then finally ( ooohgh!!! ) - OMG - Revenue - Q1 2025.
. We should then see the SP rising and approaching back to the 30p levels .
A perfect curvaceous Lassonde performance. And maybe by then the the continuing POG Boom Boom will lift us into unknown territory.
Dressing gown Sunday musings.
I think I have the patience to wait that long.
Tig
Freddie , - my apologies, and I have now completed my report reading ( on a quite busy morning ). Confirmation as below. The sooner we sign up , the better. It should not be long.
"" During the period, Greatland continued to advance its preparations for a proposed cross-listing on the ASX, with significant progress made. In September 2023, having regard to the listing timetable and activities and opportunities for the business, Greatland decided to defer the ASX cross-listing until 2024. Greatland continues to assess the opportunity to list on the ASX at the appropriate time and is well positioned by the work undertaken to efficiently resume and complete the ASX listing process. ""
Tig
Freddie I have yet to see an ASX Listing soon as an official announcement , although I believe that it has to happem. Or do you have evidence ???? please print it out.
Perhaps someone at the Town Hall meeting will ask SD this question.
An ASX Listing will be a massive catalyst to the GGP - SP , as A ussie pi;s and Institutions are queueing up to invest in one of Aus; largest new mining prospects , and all its assets are Aussie centred.
Have a great TH meet.
Tig
In very approximate terms , the POG has risen 10% ish over the last year.
The SP of GGP has driopped ??? 10% ish over the same period.
As the sole, main catalyst for a gold exploration / emerging , developing gold mining company can only be its potential gold production prospects ( 8.4 M au equ ), and these are already established as Tier 1 , with a decline now developed to within a few few metres of the ore body , and ventilation shafts in place, I find it hard to comprehend the SP response.
I am well aware that significant SP movement is most likely to occur once PFS / MRE / D2M are announced ( Q3 / Q4 ??? ) , but one would have thought that with the near certainty of this all happening , that we would be seeing small +++es in anticipation. Mr Lassonde advises me that we will be back at plus 30p before long , and he is rarely wrong.
Just impatient dressing gown meanderings.
Tig
It would help enormously if GGP were to list on the ASX , as there would be huge both retail and institutional demand, and GGP is after all an Oz discovery and soon to be producing mine.
Tig
All the messaging is good / excellent. The future looks so bright , I am surprised we do not see more SP action.
ASX listing should be a biggy , with retail and institutional waiting to get their hands on some GGP shareholdings. Get on with it.
Preparatory declines and ventilation well under way . FS and D2M only a few months away. First ore in Q4 / 2024 .
Tig
@@ J Keith......... Ore in the ground is practically worthless. Current Roadmap plans are for Q2 2024 - completion of decline and ventilation shafts ( a probable small catalyst )
Q3 2024 ...FS and D 2 M following ( excellent catalysts )
Q4 2024 FIRST ore followed by commencement of REVENUES . ( brilliant catalysts. )
A stable 7.5 p will explode a 4 bagger into the 30's ... The Lassonde Curve.
The Aston Martin and the Carribean Beach House is not that far away.
Just be patient. Gold mines grow slower than rhubarb.
Tig
"" § increased institutional ownership of Greatland, as certain institutional investors may be more attracted to invest in Greatland as an Australian domiciled, dual ASX and AIM-listed, company. ""
Many thanks Rashpurchase , - Would I be correct in assuming that this will essentially mean an Oz ( ?? ) , an Oz / UK ( ?? ) Institutional fund raise / share issue / placing and dilution. OR will such proceedings have such an electrifying effect on the SP that it will not matter.
Any views / thoughts / speculations ???
Tig
Spades. ... Good to hear you were a golfer
. You were probably 3 or 4 shots lower than me but I was always pleased to be a single figure man. And a friend of the Alliss family
A longtime member of Liphook GC.
TIG
Awaiting the PFS and D2M
Tig
https://miningexplained.com/the-lassonde-curve/#:~:text=The%20Lassonde%20curve%20is%20a,and%20make%20better%20investment%20decisions!