Member Info for TimberTrader

Plode, you really are the most illogical investor (If you really are?) to ever post on here!

You say that you're invested, but continually, regularly, but only when the sp is falling, deride, and de-ramp the company!

For once in your de-ramping life, why don't you actually come straight, and let us all know, exactly, what your current position is in GGP stock, and why, exactly, you consistently want to force the SP lower?!

Thanks Yuri, but, IMHO, you're just another classic example of someone who's clueless about the mining industry, but especially Greatland Gold, or just another de-ramper. Care to say which?

As others have said, and I've seen it all before in my nearly 50 years of investing, it's clear that desperation is increasingly rattling some investors. Many will give up and sell. That's absolutely normal.

Sure, as a GGP investor for many years now, it's not a great picture right now, and I'm as frustrated as any, but, IMHO, this is a perfect time to invest, or top up.

I won't post quotes from Warren Buffett about the time to buy, but, what I do know, I'm sure, is that when the SP rockets up, as it inevitably will, later this year, we can expect the usual comments on here of "I just wish I'd bought at the ludicrously low sp when it was at XX"

"Risk & reward" has always been the case, with any mining, but especially exploration stock, and anyone investing without understanding that risk could be calssed an ignorant, sorry, but true!

You pays your money and you takes your choice, but, please stop moaning!

However, having said that, the moaners (de-rampers?), and we all know who they are, don't even seem to be investors in GGP anyway? So, after many months, ney years, of their posts on here, I still don;t get it!

Just as a reminded, I posted this when Newmont brought out their company MRE updates.

IMHO, it's increasingly interesting in relation to the current, soaring, POG, and any gold mining company assets:, although there are several assumptions to make. But, generally, a rising gold price will correlate with reserve value.

GOLD RESERVE SENSITIVITY

A $100 increase in gold price would result in an approximate 5 percent increase in gold reserves while a $100 decrease in gold price would result in an approximate 6 percent decrease in gold reserves. These sensitivities assume an oil price of $75 per barrel (WTI), Australian dollar exchange rate of $0.70 and Canadian dollar exchange rate of $0.75. These sensitivities assume all other inputs remain equal, including all cost and capital assumptions, which may also have a material impact on these approximate estimates.

https://www.newmont.com/investors/news-release/news-details/2024/Newmont-Announces-2023-Mineral-Reserves-for-Integrated-Company-of-136-Million-Gold-Ounces-with-Robust-Copper-Optionality-of-30-Billion-Pounds/default.aspx

Up to a high of $2289 already today, currently $2285....

New intraday record gold price @ $2267...

Yup, radio silence as one would expect. but surely a great deal going on behind the scenes, and no doubt involving our extremely well qualified, some would say overqualified, BOD.

The only thing really of interest on this forum, and others currently, is the noticeable increase in the de-ramping traffic from the usual suspects, and some new one's too. Others have suggested that it's the shorters getting desperate, but who knows really, as only time will tell...

@ Vitautas, "So what. Greatland has no gold to sell."

Yeah, right! And BP has no oil to sell!

Https://s.tradingview.com/dailyfx/widgetembed/?hideideas=1&overrides=%7B%7D&enabled_features=%5B%5D&disabled_features=%5B%5D&locale=en#%7B%22symbol%22%3A%22FX_IDC%3AXAUUSD%22%2C%22frameElementId%22%3A%22tradingview_e67e9%22%2C%22interval%22%3A%22D%22%2C%22hide_side_toolbar%22%3A%220%22%2C%22allow_symbol_change%22%3A%221%22%2C%22save_image%22%3A%221%22%2C%22studies%22%3A%22%5B%5D%22%2C%22theme%22%3A%22Light%22%2C%22timezone%22%3A%22exchange%22%2C%22studies_overrides%22%3A%22%7B%7D%22%2C%22utm_source%22%3A%22www.dailyfx.com%22%2C%22utm_medium%22%3A%22widget%22%2C%22utm_campaign%22%3A%22chart%22%2C%22utm_term%22%3A%22FX_IDC%3AXAUUSD%22%2C%22page-uri%22%3A%22www.dailyfx.com%2Fgold-price%22%7D

Intraday high yesterday of $2266, currently @ $2255...

Indeed RationalAssessor. Here's the Havieron plan...

https://minedocs.com/19/Havieron-Mine-Closure-Plan-2021.pdf

More potential from the Paterson region...

"Antipa Minerals is pleased to announce the identification of a very large air core gold and pathfinder anomaly, within its Paterson Farm-in Project. The AL01 anomaly is located just 17km north of its 1.5Moz Minyari gold-copper-silver resource. These air core drilling results extend the AL01 anomaly to a 5km long target area..."

An interesting read on the above, but also an update on their other Paterson projects, including JV/Farm-in's with Rio & Newmont.

If nothing else, the maps & diagrams are always great, showing locations in relation to Telfer and Havieron, together with, possibly increasingly important now, distances from Telfer...

https://antipaminerals.com.au/upload/documents/investors/asx-announcements/240328014218_2024-03-28ASXLodgedLargeGoldTargetIdentified.pdf

Well worth a read:

https://www.newcrest.com/sites/default/files/2022-08/220801_Newcrest%20-%20Diggers%20and%20Dealers%20Mining%20Forum.pdf

I notice that Fraser MacCorquodale has joined Inflection Resources as Non-Exec Director.

Many of us know that he worked closely with Callum Baxter on the Havieron project, when he was with Newcrest Mining as Head of Exploration from 2008 - 2023, and was awarded the Colin Spence Award for excellence in Global Mineral Exploration in 2020 from the Association for Mineral Exploration for his role in discovery of the Havieron project.

Also, as some will remember, he gave one of the most positive and informative talks about Havieron at Diggers & Dealers in 2022, which I well remember.

https://www.thenewswire.com/press-releases/1k1vFZg0o-inflection-resources-appoints-fraser-maccorquodale-as-director-and-dr-neil-adshead-as-advisor.html

The gold price has just hit $2200 again, after dropping back over the past few days.

https://www.proactiveinvestors.com.au/companies/news/1043950/*****-gold-reveals-polymetallic-strike-and-depth-potential-at-firetower-1043950.html

Newmont Corp. has kicked off the sale of its Akyem gold mine in Ghana, which is attracting interest from potential bidders including Chinese producers amid soaring prices for the metal, people with knowledge of the matter said.

Newmont is working with Citigroup Inc. on the disposal and they have started sounding out prospective suitors according to the people. Shandong Gold Mining Co. and Zijin Mining Group Co. are among companies showing early interest in the asset, the people said, asking not to be identified because the information is private.

Chifeng Jilong Gold Mining Co. is also studying Akyem, said the people. Australian miner Perseus Mining Ltd. said last month it would consider the asset as well.

Deliberations are at an early stage and suitors could decide not to proceed with bids, the people said. Representatives for Newmont, Citigroup, Shandong Gold and Zijin declined to comment. A spokesperson for Chifeng Jilong didn’t reply to a request for comment.

The sale of Akyem is part of Denver-based Newmont’s effort to raise $2 billion in cash through divestitures in the wake of its acquisition of Newcrest Mining Ltd. in November. On top of Akyem, Newmont wants to sell four gold mines in North America and one in Australia.

Akyem produced 420,000 ounces of gold a year at the end of 2022, the company’s website shows. The precious metal surged above $2,200 an ounce this week for the first time and it has rallied about 10% in a month.

https://www.bnnbloomberg.ca/newmont-s-akyem-ghana-gold-mine-draws-chinese-interest-1.2050555#:~:text=Akyem%20produced%20420%2C000%20ounces%20of,Winnie%20Zhu%20and%20Jacob%20Lorinc.

Maybe getting cranked up for that exceptionally high grade Havieron ore...

Superintendent - Metallurgy

https://www.newcrest.com/careers/current-opportunities?job=986256

Senior Metallurgist - Plant

https://www.newcrest.com/careers/current-opportunities?job=986224

A few smaller buys going through at 7p now, but, overall, still creeping up slowly 6.80-6.95...

this may help a bit more, which is from the ramses target drill program – final geological report, 1st september 2023:

highlights: rad002 significant intercepts:

• 18.25m @ 22.0g/t au from 924m (uncut) to end of hole (eoh) at 942.25m, including 1m @ 393g/t au from 926m. significantly, anomalous copper, silver, bismuth and ****nic assays were recorded within the broad, altered intersection. further geophysical testing in the form of a downhole electromagnetic survey (dhem) was planned to better understand the mineralisation potential at shallower depths, however during reentry by the vortex geophysical contracting team, a blockage in the pvc casing pipe was intersected at 44m depth and the probe was unable to pass.