RE: SP Assualt15 Aug 2023 11:53
The GGP SP will continue to oscillate around 7p until significant events occur , and Zoros has repeatedly printed and updated what they are ( thank you Zoros ).
I do not believe that any posters comments would have much effect on the SP movement - up or down.
Patently the next MRE will shift the SP
The ASX listing will shift it
First ore will move it
First revenue will be very significant
Another significant strike on a 100% GGP prospect - Havieron 2 - will definitely shift it.
There is little or nil bad news in the offing , albeit all of the Newmont / Newcrest / GGP negotiations etc may cause delays and strategy change that will affect the SP.
At this present time, the SP represents the market assessment of GGP as a barely known Aussie , Aim listed , tiny , exploration company , that despite the Havieron strike being potentially a huge AU / CU discvery , and has a decline being constructed down to the top of the ore body , it has not mined a single ounce of ore , it has no revenue , is interdependent on decisions being taken by NM and NCM , etc., etc.
It is in a site protected by the best mining jurisdiction on the globe.
Initial assessments put it as the largest potential gold / copper discovery in the last 30 years.
However the RNS newsflow and ASX are not far away, and when it happens , I can only trust and believe that we will see 12p , 15p , 25p , 30p , as the company moves into an explorer , junior miner , producer, revenue generator state.
And maybe JV;s / takeovers . Who knows. But the future is bright. The omens are good.
Just stay patient, continue to follow the postings by the brains , the geologists , the knowledeable , the economists - you know who they are , and ignore rampers .
Tig