Member Info for TimberTrader

Close had no worries for the future of Australian gold, as prices and expenditure in exploration have uplifted the sector significantly.

“Thanks to higher gold prices in the last couple of years, the gold sector has continued to raise considerable capital and there is a tremendous amount of exploration going on, with excellent results being reported,”

https://www.strataworldwide.com/proximity-detection/hazardavert-coal-mining?utm_source=aumine&utm_medium=skin&utm_campaign=prox

Indeed!

With all of the close/open GGP sp shenanigans we've seen for weeks now, I just don't see anything other than the usual, manipulated, drop back tomorrow morning at open! IF, by chance, it's any different, then that's a clear signal.

Whatever happens, as I've stated earlier, this week/early next will probably see some FOMO action, at the very least, ahead of the next Newcrest report & Havieron assays.

If you snooze, you'll lose...IMHO!

Outstanding Infill Drilling Results at Havieron - Latest results further demonstrate continuity of higher-grade gold and copper mineralisation - 2021 growth programme on track to test potential extensions to resource shell.
Greatland Gold 11th March 2021

ALL of the new drill holes continue to show that it's open in all directions and at DEPTH (Just look at the initial South East Crescent growth hole which confirmed extensions of mineralisation in the South East Crescent beyond
the 4200mRL (1050m from surface))!

Furthermore, we had increased confidence in the size of the breccia mineralisation in the Northwest of the system which highlights the potential for bulk mining outside of the South East Crescent zone.

Greatland Gold PLC, the precious and base metals exploration and development company, has announced commencement of the underground decline at the Havieron Gold-Copper Project which is a JV with Newcrest (Newcrest 60% Greatland Gold 40%).

Shaun Day, Chief Executive Officer of Greatland Gold plc, commented: “This is a momentous step in the development of Havieron as a world-class gold-copper mine. I am delighted by progress on site and this fast-tracked milestone is indicative of the potential scale of the deposit and the opportunity seen by our partners Newcrest.”...

Sandeep Biswas in March 2021, "Now, with this Havieron discovery, every drill hole we put in there finds more gold"

"...Havieron, which is our flagship asset, which is currently underway with a great drilling campaign the first half of this year, and super excited what that is going to unlock for shareholders."
Shaun Day - Proactive 19th April 2021

I can't think of any other mining related share right now which is clearly underpinned, and then some, by one ever growing resource holding (Havieron), in one of the safest jurisdictions in the world, and which is only a part of our portfolio of tenements.

Surely most people now ignore the late trade shenanigans that we've seen for weeks now? Frankly it means nothing to me unless I can trade in the same space as the manipulators.

The patience is credible. but, hey, people are strange.

IMHO, we'll soon be constantly running blue with GGP. However, we do still need to tell all the people that some of us just love her madly! However, in the end, I believe that we'll break on through to the other side!

@ Yellowstuff "There has been so much fun in owning Greatland Gold shares over the years.
What I really enjoy is that there is ALWAYS something to look forward to just round the corner,
Like right now...."

Indeed! What's more I can't remember any time before, in my holding GGP, when we're due quite so much news!!

This historic abundance in very important news is expected, principally, over the next few months, BUT, a lot of it could come at any time now. That could be one at a time, in multiples, or anything in between!

Isn't investment in GGP great! It's like a box of chocolates, you never know what you're gonna get, but add, when you're gonna get it!

As I well remember from one of my favourite childhood TV series, Stingray, "Anything can happen in the next half hour!"

Sandeep Biswas in March 2021, "Now, with this Havieron discovery, every drill hole we put in there finds more gold"

I'm as confident as I can be that we'll see some action this time around leading up the the next Newcrest report and Havieron assays. We all know that it doesn't always happen, but I just feel that we will, IMHO. Probably not this week, but FOMO, at the very least, is very likely next week. The other issue, again this time around, that I'm sure a lot of investors/traders/shorters have, is that it's possible that we could also have other news at any time going forward now too! DYOR & GLA

Yup, down 3.4%. Quelle surprise!

Not!

Unusual move?

Nope! Thank you! I'll stick with GGP, the most researched share I've ever had in the past 40+ years of investment.

I agree, but personally I'm awaiting, more than anything else, the latest Havieron step out assays. If they hit even more valuable mineralisation, as I expect that they will (What can I tell you, it's 'in the water', or just feels that way...) then, everything else being equal, all bets are probably off...Will the 'market' get it? Who knows? But, largely, who cares? It's patently obvious that our time will come, when they finally get it!

DYOR & GLA!

OK, apparently this report was published on 29th April. I don't know if the BUY rating was mentioned here on LSE, but, if it was, maybe there was no detail including the mention of Havieron. Anyway, here it is with more detail:

Goldman Sachs rates ((NCM)) as Buy (1) -

Newcrest Mining's reported total gold production during the March quarter of 512koz at an all-in sustaining cost of US$891 per ounce.

Production was in line with Goldman Sachs' expectations and higher-than-expected all-in sustaining costs were attributed to increased costs at the Telfer project and a soft quarter from Red Chris.

The broker notes key growth projects Havieron and Red Chris continue to make significant steps and expects updates on both projects later in 2021.

The Buy rating is retained and the target price increases to $34.00.

https://www.fnarena.com/index.php/2021/05/26/australian-broker-call-extra-edition-may-26-2021/#NCM

Paterson Province neighbour Newcrest Mining Ltd (ASX:NCM) (TSE:NCM) (OTCMKTS:NCMGF) continues to demonstrate support for the company by maintaining a 9.9% shareholding.

The company has completed a placement to Newcrest through the issue of 7.75 million new shares at A$0.042 per share to raise A$325,500....

https://www.proactiveinvestors.co.uk/companies/news/950516/antipa-minerals-paterson-neighbour-newcrest-maintains-99-holding-through-placement-950516.html

Anyone out of GGP now must surely be getting cold sweats at night, with all the impending news due!

IMHO, and as the charts show, when we have the next news, most likely much more comprehensive Havieron assay results, with further step out news, it could well be the catalyst for a big pop in the sp! We could also have other important news around the same time, hopefully adding to that too!

As my old American boss always said, "If you snooze you lose!"

Yup, $1889 breached today. Next resistance point @ $1918...

I never said that he wasn't as you can see in my post. My point is that he's surely working in collaboration in the J/V.

Aligned with that is your implication, as I see it, from your reply to cjmorley, and please correct me if I'm wrong, is that Newcrest would wish to take over Greatland Gold as an entity.

Personally I disagree, but, as I've said for some considerable time now, I do see Newcrest making a move to buy out 100% of Havieron, probably at some point this year, since, IMHO, they will want to have complete control going forward.

As is pretty much always the case though, only time will tell... TT