GGP and the Future7 Jul 2024 23:47
GGP and the Future
I am a simple LTH in GGP and as a matter of course , am accumulating a substantial holding over many past and current years. Pre – discovery the GGP was in the SP 0.1 p to 1.0p range .This summary is my own thoughts and is essentially because …….
It was originally a small gambling investment in a very significant exploration discovery … one of the largest on the Globe in the last 20/30 years. ( big spike in the SP to 36p )
We are now moving from the Lassonde Orphan Period into the home run ( 6 to 8 months ) for the feasibility study , the decision to mine , the decline reaching the top of the ore body, appropriate regulatory permissions, decline and ventilation shafts completed, listing on the ASX , a very busy pre mining level of preparatory work, then first ore ( early quarter 1 , 2025 ) , and then ( OMG ) first revenues. All of these being subject to RNS and assuming all are positive ( and I have no known reasons to think otherwise ), then we should start to see a more seriouslyactive SP , - maybe a very active SP.
The POG is actively rising and forecast to possibly reach $3000 before the year end.Lots more top end free cash flow.
Comparing the SP activity over the last 5/6/7 years , the graph makes a perfect model Monsieur Lassonde comparison to this point in time, and assuming the above all happens ( the Lassonde development stage ) then we will see significant growth, and the SP up to the original discovery spike - 25p / 30p levels .
A huge amount of discussion on this board concerns takeovers / buy outs of Telfer / acquisitions , JV’s , but since at this stage it is all just healthy guess work and supposition, I will stay clear of it until the BOD release definite info. Whatever , any of this activity happening will undoubtably be beneficial. As will any further discoveries on GGP’s other prospects. I believe SD when he states that he wishes to look after shareholders.
I merely list the above as a humble Zoros admirer , as a reminder to myself that a bright future is not that far off, and to apologise if any of the above is incorrect or needs adjustment. Please adjust as you think best.
I just hope that I am still around for the approaching Xmas. I would like to organise another Stag on the River gathering with Sally.
Good wishes to all.
Tig