Member Info for TimberTrader

Clearly, it seems, there are some people that believe that a director should not be able to excercise their option rights EVER! Because whenever they do it, they will complain & moan! So, in a nutshell, what is the point of options? Well, numerous, and some people clearly need to read into it. What if the GGP sp fell below, and always kept below, the option strike level? Do some people suggest that a director should excercise their options at that time? Time to get real, in the real world! GLA

So a basic question. When, exactly, do you expect anyone to exercise ANY options that they have, which are clearly part of their employment remuneration package? At what stage in the evolution of GGP do you expect them to do so? Why should they not do so at any time that suits their particular investor profile at any time in their life, just like ANY investor does?

I didn't know you knew him so well. Why so bitter? The company does well, he does well. The company doesn't do well, he gets very little. Typical Brit view for years. Someone in business does well and they get put down.

Thanks. Cross-posted and I just noticed the 'just' thread was about the same piece in Proactive.

Rio Tinto's mine development plans for the Winu deposit in the Paterson region of Australia brightens the spotlight on Greatland Gold which alongside Newcrest is pursuing its own exciting mine project.

There is nothing quite like a mining major’s move to put the spotlight on small-cap opportunity.

Indeed, a particular cohort of investors - those backing Greatland Gold PLC (LON:GGP) - will this morning have quickly seen the relevance of Rio Tinto’s unveiling of the Winu deposit as a new mine development project in Western Australia’s Paterson region.....

https://www.proactiveinvestors.co.uk/companies/news/925271/spotlight-brightens-on-greatland-golds-paterson-opportunity-as-rio-unveils-new-mine-development-in-the-region-925271.html

Continues...

While it's too early to put a concrete number on the Havieron resource size, it's looking like this could easily be a 1.5-2.0 million ounce high-grade gold deposit with a copper component. Some of the highlight holes are shown below:

139.4 meters at 2.9 grams per tonne gold and 0.39% copper
167.4 meters at 2.4 grams per tonne gold and 0.66% copper
82 meters at 6.1 grams per tonne gold and 0.41% copper

Investors may be struggling to find value buys among ASX gold mining stocks even as the price of the precious metal surged to a record high.

The spot gold price strengthened by 1.6% to US$1,973 an ounce this morning as gold stocks outperform the S&P/ASX 200 Index (Index:^AXJO).

There’s good news for ASX investors who worry that they might have missed the opportunity to buy gold mining shares – UBS thinks it isn’t too late.

The broker upgraded its forecast for the safe haven commodity. It is now expecting gold to average US$1,850 an ounce this financial year, or US$200 ahead of its previous prediction.

UBS’ expectations for FY22 is for the yellow metal to fetch US$1,750 an ounce compared to its last forecast of US$1,650 an ounce.

“The upgrade to our gold price forecasts drives a substantial ~30-60% uplift in our 2021e NPAT forecasts,” said UBS.

“All our coverage is investing in growth initiatives, but the strong gold price means they have positive FCF [free cash flow] yields.”

If you are wondering which stocks are best leveraged to the big rise in the shiny metal, UBS has picked the best placed ASX miners to outperform.

Best ASX gold stocks to buy:

The Newcrest Mining Limited (ASX: NCM) share price is its top “buy” idea for the sector.

“We recently changed our thesis on Newcrest based on our in-depth work on Red Chris and Havieron,” explained the broker.

“The inclusion of these projects challenges market perceptions that production is peaking in 2020-21. We recently upgraded NCM to Buy, the first time since Aug 2012.”

https://www.fool.com.au/2020/07/28/ubs-picks-the-best-asx-gold-miners-to-buy-today/

"....Fortunately, there is good news for the underperforming Telfer Mine, and this is the fact that the Havieron deposit 45 kilometers to the east continues to yield exceptional results. Based on further drilling this year, it's looking like Havieron might be one of the most significant discoveries this year, outside of Musgrave Minerals' (OTCPK:MGVMF) White Light Discovery, and this would be great news for Newcrest. This is because Newcrest, currently, has earned a 40% interest in Havieron, and the deposit would be able to feed high-grade gold and copper to the Telfer plant. It would also fix the reserve issues at Telfer, as we're now down to just 1.4 million ounces of reserves at the mine...."

https://seekingalpha.com/article/4361109-newcrest-mining-look-fy2020-results

Yup, it'd be nice to see similar action to that which we saw on the 21st. Bit of a yo-yo day, but with a gradually increasing sp during the late morning and afternoom.

Also Artemis up 4.0% & Antipa up 9.1%

"The one I would buy is Newcrest. I think it is the best in the industry and could still go higher from here.

UBS certainly believes this is the case. Last week it slapped a buy rating and $38.40 price target on its shares."

https://www.fool.com.au/2020/07/27/why-the-gold-price-just-stormed-to-a-record-high/

I totally agree Hopefullygold and I stood corrected, but he did also state, twice, in the same RNS, as he did in the interview, "second half..."

As I say, we can read something, or nothing into it. It's probably just semantics. :-)

Correction: In the RNS GH did indeed say once "end of 2020", but also stated twice "second half of the calendar year 2020".

As I say, probably just semantics, and if anyone wants to read more into it, then that's fine too of course.

What GH actually said was, "...we can generate the maiden resource which is still on schedule for the second half of this year" (5.00/8:33).

https://www.youtube.com/watch?v=GWgGNYtY__k

Whatever the semantics, I just wanted to clarify what GH actually said.

Sorry to continue to bang on about DEPTH of mineralisation at Havieron, as I have for many months now, but, just for information, for new investors in GGP, it was Gervaise Heddle's project to drill deeper at the Havieron prospect that largely got us where we are now.

DYOR & GLA

Fair call Quinton, thanks!

I just feel that from numerous indications, both past & current, as well as assay's, we'll see more notice given to the depth of the Havieron motherlode going forward. As always, only time will tell... GLA

@ Quinton55

Much appreciate your post and viewpoint, but aren't you missing out the asssay results from depths of 1,000M+?

The one thing that I believe many people are missing is the full DEPTH of the mineralisation at Havieron.

Would welcome your view on that too, thanks!

When, and indeed if. everyone on this forum actually gets to understands that there are numerous investor profiles, which can change numerous times in one's long life, depending on a significant number of factors, it will probably be a better place.

Anyone that says that an investment in GGP is now 100% de-risked, which we increasingly see now, is just being stupid, IMHO!

DYOR & GLA

As many of us knew as a major factor, all along, from the early Havieron days, and now increasingly reported in assays, "AT DEPTH" is surely one of the most important phrases we hear now, going forward for GGP!

Does anyone have access yet to the actual UBS note on NCM?

The most informative information so far (no doubt surprising to some) has actually been from Motley Fool Australia, in their post yesterday:

QUOTE
Analysts at UBS have retained their buy rating and lifted the price target on this gold miner’s shares to $38.40 following its quarterly update. According to the note, Newcrest’s production for the June quarter came in ahead of its expectations and its costs were in line with its estimates. The broker also notes that drilling results at Haverion have been positive and the probability of the site being mined has increased. UBS doesn’t believe the market is factoring this into its valuation at present. I think UBS makes some good points and Newcrest could be a decent option if you’re wanting exposure to gold.
UNQUOTE

GLA