Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
G5 - entry and exit points are always a personal choice but you need to start by asking would you invest in GGP at 28p today. You have 3 days until drilling update, a broker price of 33p with a 50% risk weighting and zero value attributed to a number of other prospectable assets. I say you would.
Good luck
These are red letter days to the savvy investor. We will be back at the Berenberg 32-33p guide price at or before the results day in a week time. Buying the dip today at 26p is a 20% return in a week. Fill your boots.
Market doesn’t know what to make of the US politics and COVID. Today’s drop just matches yesterday’s rise and the general negative pressure on gold stocks this week is indirectly linked to investors long term view on gold (I.e. very slightly less positive than 24 hours ago) and probably natural downward pressure after a good Christmas period.
We are all waiting on a major re-rate linked to expected RNS so small fluctuations are of no concern to LTH.
Good luck all
TimeforGold, I certainly think you are right but I am expecting 10-20% max. Now if the assay results come with another JV then certainly this would open up the potential for greater value in the SP. I don’t expect the JV but there is a chance of it given what must have been extensive discussions surrounding the GGP and NCM Hav and Juri JV.
I appreciate every board gets its fair share of tampers but the 50p/£1 on results brigade are just daft.
I am going long in GGP for 2021 though and Hav alone will get us past 50p.
DYOR, here’s hoping for good news this week.
Like many others I think the omens are good for Scallywag. Positive news would be amazing for GGP in the long term. I also think people are going to be very disappointed by the short term impact on the shareprice. Let me tell you why.
Our MC now sites at a remarkable £1.3BN. In the next 2-3 weeks GGP are going to announce a few thousand metres of assay results. As important as positive results are we will be a minimum of 3 years behind Havieron. After an initial couple of hours of speculative buying I believe we may, if we are lucky get a 2-3p lasting benefit to the shareprice.
History could well repeat itself here with GGP. And that history will need to repeat a 2-3 year cycle of proving up the asset. It’s this journey that will add the value.
Let’s see what this week brings. GLA.
Impatience would be my guess and the fact the Xmas seems like a time to close down trades and take a profit perhaps.
For what it’s worth I bought in today at 34p. There is absolutely nothing to suggest EUA are not going to be purchased and at less than £1BN market cap there is plenty of upside opportunity here.
It is telling that the Board announced at the AGM they want to give a investor presentation and Q&A session to discuss drilling results. You most certainly don’t plan this 4 weeks ahead of time if you don’t know results are good.
Another licence? They acquired one earlier this year for pocket change.
At 1.2Bn market cap and a bankable asset leading to guaranteed future cash flow you don’t raise funds by diluting. Where not a tin pot explorer anymore.
As for mining Scally, there is a JV already drafted with our mining partner when the time comes. Quite rightly the Board want to price that asset up over 21/22 so they can drive a better split of proceeds.
Anyone suggesting a placing is an idiot!
5% of a 15moz gold asset payable at the end of 2021 when the PFS comes in could be anything north of $200m. Annualised 30% of a 500k oz per annum mine is a minimum of another $200m per annum.
Where in all that do you need to raise funds.
Well anyone looking for answers on progress would have been disappointed but I think they made the right call. Better to not do a Q&A if you can’t answer 80% of the questions.
The question now is what to expect in terms of SP movement. We may see a steady rise into news in January in my view so I predict 25p before the RNS second week in Jan.
You make some good observations TMT and only the Board will know if BB’s involvement is encouraging II’s. our biggest single shareholder the GDXJ most certainly aren’t following BB. They are a tracker fund and as has been explored on here many times buy in regardless of price.
I think their target price does matter and I think they could be a lot clearer how they quantify resource expectations and how PI’s and II’s should assess value. At the moment we all have to go looking for their methodology and identify missing assets to interpret their numbers. The H+P rating is far superior valuation tool in my view and I will be interested if GGP commission them again once Scallywag results are published.
Spot on Philke, brads infamous broom cupboard 4am presentation was less than two weeks ago so short of daily updates I don’t know why people are so impatient.
If you want into go to the website. There is plenty to look at.....