The GGP SP Debate29 Jun 2021 11:04
After 6 months of an MM manipulated gently oscillating / flatlining SP, the current debate could go on endlessly
The fact is that GGP is a tiddly little AIM company that owns a few in the ground, mostly unproven but possibly potential assets, with no revenue , but a few quid in the bank, and a pretty good relationship with the worlds no. 7 miner , with processing plant up the road, in a stable and supportive country. ( who are incidentally going hell for leather digging holes in the ground to get at it)
Most institutions / stockbrokers / financial advisers do not deal or reccommend such AIM shares to clients. In fact they would tell most shareholders on this board that they were daft to have such huge exposure and should downsize immediately.
As it happens , this board just happens to have some of the most intelligent and well researched expertise available that makes this BB quite unique, and bar an atomic bomb dropping on Havieron, is eventually going to make a fair number of people quite wealthy.
Is 19 /20p a fair SP.??? I haven't a clue ,and I am intensely irritated that it is not already 50p / 60p . I am irritated with the current manipulated flatlining. I am irritated with the ill informed broker reports, and also with the paucity of RNS drill reports.
But I also happen to know that the initial MRE of 4.2 M oz is just a very, very cautious initial estimate.
I also know that once NCM / GGP get their official / independent PFS organised sometime in September , they will come up with another cautious and understated figure of probably around 10 / 12 M oz, and the SP will react accordingly........ because this will then be an official independent, indicated resource. It also will be the authority for NCM to mine.
But I also know because of the expertise available to me on this board, that what we are really looking at more ( way more ) than twice that figure .......... goodbye to the teens.
And by the way, we also have another JV with NCM, and dozens of other 100% owned prospects within one of the most exciting PM resource areas on the globe. Some of those will come good.
And once the drill results start flowing in, the SP will also respond.
And finally , sometime in 2022, the extracted ore will start to produce AU, and the subsequent revenue flow.
So I can ( just about ) live with 20pish now , and I will survive with 50p / 60p is in September , and in 2022...???...........continuous pour of AU..................That is what I invested for'
who knows.
Mittzundapaddybum and patience.
Tig