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…. That Greatland are a exploration company and this is what we do best. Follow this up in the next couple of weeks with an update on exploration drilling on other resources that includes finding some gold and let’s hope this puts the SP back in the ascendancy.

Anybody wondering where the funding to drill is coming from? GGP are about to become the best funded explorer on the planet as silent partner to the worlds most exciting new gold mine.

Brilliant news this morning. Well done SD!

Can we get a sense check on NCM reputation being damaged if they ‘steal’ Hav for 40p+.

GGP SP was 1p. NCM enter JV. NCM spend $200M proving up GGP world class resource. NCM pay £1.8bn for proven asset. This I believe is every minor explorer juniors dream ticket.

What am I missing…..

Takeover vs non takeover. Why argue. Both offer shareholders financial gains. Takeover SP would need to be attractive so 40p plus in my view based on current information.

Non takeover is a much longer play and relays in my view on long term high dividend returns to drive shareholder value.

The argument here appears to be over which camp your investment strategy sits.

I think odds are firmly in favour of takeover / buy out of Havieron and it gets done in the next 6 months. We shall see.

March 2019. Newcrest buys $807m gold mine.

If a full takeover is coming it will be in the option period in my view. Agreeing a 5% valuation puts a price on the remaining 25% and if Newcrest want it then our only hope of a better price will be a rival bidder.

SD’s multi asset mid cap minor business plan is the only plan he can communicate to protect shareholders but I’m with others that a COO role alongside a £2Bn offer price for Hav is a done deal.

Either way there is a lot of money to be made backing this stock. We shall see.

I am not sure a 5% offer is RNS notifiable but I assume an offer would be made and it’s up to GGP to accept or refer the matter to a valuation expert.

We might only find out once a price is agreed.

Indeed 28th for next update. That’s 10 trading days plus today. Results will be great again but it will be more of the same, very unlikely to include anything firm in terms of resource update. It might include step out drilling on new targets outside of the main ore body though.

Any investor has to be clear on upside vs downside here. I don’t see downside unless you are looking to get out on a short timetable.

16p was the recent bottom and we are back there again today.

Takeover or not, GGP market value at £650M is exceptional value considering the huge upside being signposted.

Surely it’s a strong buy!

No. 1.9moz plus 1.6moz plus copper. There is still a destinction between the two resource classification. Only 28% of known mineralisation included and only results up to Feb 21 used.

It’s all in the report.

Thanks Hydrogen - I appreciate your thoughts. Threat of a buyout makes sense for driving up the SP and it has always felt to me like a 50p for Hav offer after PFS would get the job done. SD has to talk up the long term growth point plans of course.

At least a buy out would make investors minds up on when to sell up.

Interesting week ahead.

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.

Presume it is to do with arranging presentation to explain what I assume will be complex and multi layered information to investors and the market.

Struck me this afternoon that our SP movement is becoming increasingly linked to the Gold Price. Let’s hope Gold makes a charge for $2000 an oz soon……

Hmmmm. Surely they are holding back information on other zones? That’s a sum total of 6 holes in 3 months otherwise which is less than 10,000m of the intended 6 month 60km programs. I’m confused.

1.5p spread. Somethings going on!

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!

When you consider sell / buy ratio also consider volume. 14M shares traded out of 4Bn is less than 0.3% of the company so why would the price move?

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.

Did we close at 22p? I am seeing 3 different numbers on three different websites?!?

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.