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I’m with you Napthman. First thing anyone should do here is review our SP against the junior exploration sector. Everyone seems to be down 40%. Sentiment in the markets is just not with gold right now but when sentiment changes aligned with our inevitable news flow of positive results at Hav the price will rise.
Been looking at this to average down as well. If you look at the potential downside (another 3p perhaps) versus the upside back to year highs ( plus 20p) this would seem like a bit of a one way bet.
It won’t take much to move the price up from here I think.
Another assured performance from Louis and Brad. I think the last results and the markets reaction informed the tone of the call. Neither wanted to appear to enthusiastic for fear of a shareholder revolt if there next results are not amazing.
My takeaways are the geology information they now have had confirmed not one but two overlapping orebodies and this means a lot more drilling will be needed to complete the 3D model. This will be a Gold AND precious metals haul which is very interesting and adds other revenues. Next results around Easter with 4-5 week intervals throughout summer. Very solid financials. 4 rigs going to deliver 2000m a month from end of this week when the final rig gets going. And fully funded with the two majors, both of which are actively enagaged with drill plans.
All very good but like all mining stocks, time required to prove it up.
Good luck all.
Amazed at the SP but without something to trigger buying pressure I am not sure how this can move up. The MM are interested in volume, not the SP. Unless the world wakes up tomorrow and wants to invest in GGP then we have no buying pressure. I am not saying that the MM don’t make the market and occasionally work the price too ok trigger action but to think they are holding back the price is for 20 days in a row is daft. If 100M of buys turned up this afternoon we would close at 25p+.
Not sure what the fuss is all about with this RNS. Options are part of Board members pay and incentives and would have been given back when OMI’s SP was well below the option price. It’s meant to encourage Directors to work har fro increase the SP for shareholders benefit as well as their own.
The only take away point here is that the Board are increasing their holdings. It’s a BUY signal.
Given AE payed $225M cash for TMAC it isn’t going to take much for them to get the chequebook out and buy OMI. Question is do they go early and make a $100M -$150M offer now or let the resource be provrd up and have to buy at multiples of this price.
This is worth a look. No reference to OMI project but lots of talk on the very bullish outlook for gold. Their CEO confirms over $160M of funding for exploration this year and it is great to hear about the underlying support for exploration.
Talk of M&A as well. All good for OMI.
I think NCM leading with Red Chris relates to the new discovery at East Ridge. New discovery’s draw more attention than infill drilling results, even if the HAV results are excellent.
Let’s hope the timing for GGP is good and the gold price breaks out above 1735 tomorrow. A move back to the 26-28p range would be most welcome.
Making the statement every set of results keeps finding gold doesn’t seem like a leap of faith to me. They are INFILL drilling around 1km a day at the moment. The results when published usually identify the best 5 holes. They will report gold. The bit to keep looking for is whether the exploratory drilling keeps pushing the extent of mineralisation and whether we remain open on pretty much every direction or not.
After the poor market response to the last brilliant set of results I am not holding my breath for a move north of 25p next week. Extension to the MRE, gold sentiment changing in or any number of potential new gold finds will all act as a catalyst in the medium to long term but I can’t help feeling 14/14 is already priced in. We shall see - hope I am wrong. We should be 30% north of here based on known factors in my view at the very least. GLA
2.75 buy price just achieved. I was surprised it took the trade 1st time for the full amount. This drop must have freed up some volume. Now if the board could just release a Friday bonanza RNS please.
Such strange MM behaviour. Why did the MSCI fund overpay for 2M shares at 24p? Any of us PI’s could of purchased at 21.5 - 22p on Friday. Do these funds not care that they are getting conned out of 10% of there holding!
Tymers, drill plans for SWAG (which is the only planned drill campaign at Greatlands cost planned this year) I am assuming will be published when the RNS lands this week or next on the final batch of last years results. I expect that RNS will include the words fully funded for 2021 as £7m should be plenty for a simple exploratory campaign.
I think we can all stop worrying about an equity raise now if anyone has these concerns. £800M market cap business with cash flow and profit on the horizon will allow bank borrowing if it’s needed. I also think another JV would be available to us with Newcrest but the terms of that JV would be much better if we had found something meaningful.
The days of worrying about GGP having access to money are behind us now in my view.
Forester - that is a confidence inspiring interview with Michael Gentile and he is clearly a heavyweight small cap junior investor. If you needed any reassurance that serious people with serious money are backing companies like Greatland then this worth a watch.
He also speaks a lot of sense on the macro position. I would take a look at the Gold Price graph 2009 to 2012. This was the last period of economic crisis money printing and gold price went $750 to$1750+. Apply that same move today and Gold goes $1800 to $4200 during 2020 to 2023. That period is by coincidence the pre production phase for Havieron. Sleep well on that thought!
Your right of course DGR. Like many here I’m sat on a significant paper loss since the start of the year and would like to have the option to sell some of my holding at what I would consider fair value. 21.25p is not fair value so I am going nowhere for now.