Member Info for TimberTrader

Https://www.starvest.co.uk/wordpress/wp-content/uploads/2024/01/20240118_Starvest-Plc-Greatland-Gold-Distribution-in-Specie.pdf

I just had a look at the Morningstar GGP Ownership site again, and found another new (Well, I haven't seen it before) Institutional owner called 'DWS Investment S.A. (ETF)'.

Not a particularly large holding, 3,225,665, but, as Tesco used to say, "Every Little Helps".

https://etf.dws.com/en-gb/

With apologies to Benjamin Franklin, " ...but in this world nothing is certain but death and taxes, and de-ramping trolls on the LSE Greatland Gold chat board"."

It might even be shaped a bit like this:

https://greekreporter.com/2023/12/19/boot-of-cortez-largest-gold-nuggets-discovered/

Https://www.newcrest.com/careers/current-opportunities?job=985834

Indeed Ben, and good luck to those retail investors that seem to continually believe that they'll get a chance to buy back in then, because they won't! The MM's won't let them have any shares on the really significant rise up. They'll be going to their big clients. They'll be left clicking on the buy button on their keyboard, to no avail, as, "The computer says NO", and they see the blue numbers going higher and higher!

Yup, classic rinse, repeat! Seen it all before for decades, and no doubt will in future!

Nothing's changed! The gold & copper are still there, in one of the biggest, if not the biggest, gold/copper mother lodes in a generation or more.

@ YNWA91, Personally I dont believe that the rise to 12p was anything much to do with the MRE upgrade. The 12p you mention was around 2-3 weeks before the upgrade, after which the sp drifted down to the 9.3p on the day, so nothing to do with, as you stated, "...until SD released his MRE." I was purely correcting that statement. Also, we hit 11p a month earlier, around the 17th November. IMHO, it's more likely to have been institutional buying, but, also, followed by shorting, which has plagued us for years now. That all said, I'm as frustrated as anyone else, but, at the same time, happy with the fundamentals, which I know, as a LTH, will reap the rewards later, after, sure, a lot more manipulation.

@ YNWA91, "To be fair we were knocking on 12p’s door a few weeks ago until SD released his MRE..."

The Greatland Gold Havieron MRE upgrade was released on the 21st December. The GGP sp on the 21st December was 9.30p at open, and closed at 8.4p.

Hammered?! Really?! On what basis exactly?

@ Tatty99, Really? Firstly, thanks for another of your, continuous, but latest, negative post on our company.

Secondly, why would anyone be slapping anything, based on very early drilling results?! We've not spent anything recently on drilling in Taz! Sure, if we hit a huge mother lode, maybe 5 years+ down the road, then I may change my view that we did exactly what was best for us at the time of the devestment.

Only time will tell, but, at this point in time, I still consider, what we did in the divestment, the best for the company, which still gives a reasonable return, if this progresses to anything near mining.

@ jenforluck i agree with most of your post, as i've been in the 'game' for over 40 years now. yes, lots of, and increasing manipulation going on, especially in the likes of the aim market. however. if you look at the fundamentals, and do your, increasingly necessary, research, then there are gems, provided you ignore the nonsense, and look, often as you have to, medium/long term. i accept that doesn't work for many, but, for me, it's worked.

as for the 'establishment', well, all i can say, is that i'll take any chance possible in my life, to take their useless, arrogant ****s to the cleaners! please excuse my language, but i'm sure that a whole load of people know exactly what i mean!

good luck all and dyor!

Good news, if this progresses further, at absolutely no cost to us, as we have a deferred payment of AUD500,000 pending the definition of a mineral resource of at least 500,000 ounces; an additional AUD500,000 upon issue of a permit to mine; and a 1% net smelter royalty payable to us for any future production from either Warrentinna or Firetower.

It looks like there are two facilities in operation and six smaller facilities no longer in use at Telfer...

https://www.newcrest.com/sustainability/dams-and-tailings-management

It looks like production at Telfer has been halted due to an issue with, 'cracking and seepage' on the tailings dam wall.

https://www.theaustralian.com.au/subscribe/news/1/?sourceCode=TAWEB_WRE170_a_GGL&dest=https%3A%2F%2Fwww.theaustralian.com.au%2Fbusiness%2Fmining-energy%2Fnewmont-has-ceased-gold-production-at-was-telfer-mine-after-spotting-cracking-and-seepage-on-tailings-dam-wall%2Fnews-story%2F93ca6bf247cede762743f4894a7a36a9&memtype=anonymous&mode=premium&v21=GROUPA-Segment-2-NOSCORE&V21spcbehaviour=append

It does look more like a general downgrade of miners, as stated bt Morningstar, namely,

"Berenberg cuts target prices for miners"...

https://www.morningstar.co.uk/uk/news/AN_1704792567544027900/london-broker-ratings-berenberg-cuts-target-prices-for-miners.aspx

They've cut pretty much all of the small cap miners they mention today.

Personally I think they're wrong, as analysts I respect have stated that junior miners are rock bottom, and they expect a definite improvement early this year, especially if the gold price continues north.

Getting someone in early to train them up ready for the extra, HIGH GRADE, gold ore... ;-)

https://www.newcrest.com/careers/current-opportunities?job=985912

I don't believe that anyone really takes any notice of Berenberg's ratings, and, to my knowledge, it's never had any effect on the sp anyway. Also, how can they reiterate BUY @ 19p just 4 days ago, and now give 12p?! It was BUY @ 19p before the latest Havieron MRE upgrade! Makes absolutely no sense, whatsoever!

It looks like the Byrnecut Havieron contract date has now been extended to June 2024.

https://www.byrnecut.com/projects/oceania/australia/havieron/

My best guess is that they maybe have a form of rolling contract for Havieron. Maybe someone else knows more?

I appreciate that people have varied views on Berenberg Bank's GGP ratings, but, anyway, they reiterated BUY yesterday, with the unchanged target price of 19p.