Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Evening all,
I have been reading with interest all of the takeover talk and GGP valuation. It got me thinking about GGP value as a miner producer vs our explorer role to date.
I would be interested in your view on why £1 SP valuations are considered achievable? NCM, our valued partner has 50M reserves and a c£10bn valuation making each ounce worth around £200.
This would suggest a trembling of the current reserves are required to support the current SP. I know hope value plays a part with other exploration success a possibility. I am just looking for some views on how the SP may move as we transition.
Long term holder at the moment but need to rebalance the portfolio at some point given the positive ongoing GGP share price.
Thanks.
Feels like we need a catalyst RNS to get momentum back. Volume is low at the moment generally so investor base is generally pretty stable. If LTH stay put, POG continues up and we get a helpful RNS then I think the rise from 20p to 30p could be done and dusted in a week. Just need a catalyst!
Think you are right. Two major factors in the next 6 months for GGP will be resource growth and POG. The run down in price in February was linked to falling POG in my view and the closer we get to mining the greater the link between POG and SP.
New video posted today with ex US Mint Director Ed Moy. It’s worth a look if your fed up watching the same old industry commentators.
Ed points out that physical gold is currently trading at $2000 to $2100 and he fully expects a continual rise in the spot price for the rest of the year.
In my view this move would supercharge GGP gains through to the PFS as the resource grows. Lots of upside here. I remain more committed than ever.
I am no economist but I think conventional wisdom is that if you give the investing public a bond at 3.2% then potentially trillions of dollars will flow out of the stock market as it becomes a useful inflation hedge without risk. Low rates for savers is vital to fuel spending, drive inflation and this will be the only get out of jail card the US government has now national debt is so high. Anyway, enough of that.
I don’t see how yields can go massively higher without other very nasty side effect for the US economy. They have been talking up yield curve control for months now!
I don’t see dramatic SP swings tomorrow either way unless there is more than the usual GGP excellent results. What is for sure is the SP is now more significantly linked to the POG than before as we transition and the inevitable significant increase in our resource will come sooner rather than later. The question for investors is are you holding stock when it rerates back up to 30p, then 40p an on. Subject to the POG remaining around $1800 I can only see upside from the current price.
Good luck all.
Hi Panama, I’m just a little frustrated at the slow bounce back up. We all believe it’s 15m plus ounces here and I know GGP and NCM have to go through the process but I am really hoping for a set of results which will underlines the massive potential of the asset. Hopefully that plus a rising POG will get us back near the broker price.
Overall, I think SD has been pretty low profile since taking over which means one of two things in my view. The first is he is doing a poor job of working his investor network to sell the business and failing to promote the stock properly, or, second he is very very confident that Havieron and our other assets are going to speak for themselves.
Personally, I think there is a quiet confidence by the board on the direction of travel. They really need to wind up the positive messaging with the next round of results in my view otherwise the Share price drop on news brigade will be out and the stock price could stall.
I am also confused by GH’s messaging regarding increased news flow. What news flow should we expect beyond ‘more drilling on new opportunities has started’?
I just have listed to every industry expert in the world over the last month and consensus is once over $1750 resistance gold is going on it’s bull run. I hope they are right and one would hope this might underpin a sustained rise for GGP in line with increased news flows.
Come on SD. Let’s get this mysterious missing Scallywag RNS out as the last things we need is to give the MM chance to squash positive momentum if Good starts to fly.....