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Big mining companies that rely on indigenous workforces or operate near remote communities have acted fast to curb the spread of the coronavirus and avoid a public health crisis that could damage their reputations.

From Australia's outback to Canada's Arctic wilderness to the Andes, mining firms have changed rosters to stop outsiders infecting remote communities, paid staff with potential health issues to stay at home and given food to indigenous families so they don't have to shop in nearby mining towns.

Investors already weighing up holdings in miners because of their contribution to climate change say a bad outbreak of COVID-19 among indigenous communities near mining operations might also make them reassess their investment decisions.

https://www.nytimes.com/reuters/2020/05/20/business/20reuters-health-coronavirus-miners-indigenous-focus.html

As a GGP shareholder for several years I'm pleased to see the highly responsible attitude of GH and his team towards the wellbeing of the indigenous population in WA. Can you imagine the backlash, should drilling at the likes of Scallywag start before we have full and complete advice from the WA authorities as well as representatives of the indigenous people that could be affected, that's it's OK to start?!

IMHO, I just don't see any fuss about this. Company directors, like anyone else, have various financial needs that will at times need to be met by selling shares. Things happen in life life and selling shares helps pay for these.

Sure, if a lot, or indeed all directors were selling their shares it may well be alarming and could suggest that something was wrong. However, in this case I have absolutely no concerns, whatsoever.

IMO the next interim will be more important and significant than the last update, which was only up to the end of March. We've heard and seen significant other factors since then, including further step-outs and the breccia factor.

Newcrest advanced 6.7% to $32.26.
The sp was also up 9.5% last week.

....“Havieron has a pre-resource implied valuation of more than A$1.5 billion so, despite the obvious exploration risks involved in drilling through approximately 400 metres of cover, we can clearly see the rewards on offer at Paterson Central are potentially enormous.”....

May I suggest you maybe invest in a predictive text software company? ;-)

....unless they're working on something else of course! ;-)

That's certainly a part of it Goggles, for sure. With the very high interest in the commencement of the test drilling programme at Scallywag by shareholders I'd like to think that GH will say at least say something very soon, even if it's only to say that they're still working on it.

Western Australia enters their Phase 2 in the COVID-19 Roadmap tomorrow, which relaxes some travel and business restrictions. Hopefully we'll hear at least something new from GH in the next 7-14 days.

https://www.wa.gov.au/organisation/department-of-the-premier-and-cabinet/covid-19-coronavirus-wa-roadmap

@spymaster "what if you had say 5m under 1p...sellers are not always traders. slicing at that type of profit is not bad."
Of course it's not, and anyone that thinks that it is, is clearly, usually, a short term fool, but, as a result, usually a medium and long term fool too! Everyone has their own investment strategies, that usually change, quite significantly, in their life of investing, and especially in any one particular stock. DYOR & GLA!

It stil looks like a pair of something, IMHO. Two distinct features. If it was vehicles, would they park them up pretty well exactly in the same format, but also in symetry?

I know that the Aussies often talk a load of ****, but those would be very big dunnies! ;-)

Whatever it/they are, it appears to be a pair.

https://www.youtube.com/watch?v=vubsc3oIdJk&feature=youtu.be

The Australian sharemarket has edged higher over the week with gains among the miners offsetting falls in other sectors despite the release of mixed data on the recovery in China and heightened tensions with Australia's largest trade partner.

Higher commodity prices saw the largest miners lead the gains over the week, with Newcrest Mining adding 9.5 per cent to close at $30.23, while Fortescue Metals Group gained 4.25 per cent to $12.55 and Rio Tinto advanced 2.8 per cent to $85.36.

https://www.afr.com/markets/equity-markets/miners-carry-asx-out-of-the-red-finishes-week-up-0-3pc-20200515-p54taf

Just to correct, what Sandeed said was between 1 - 2M tonnes.

I should add, that 'swatting the fly' may work for some of the big corporations in many scenarios. The big problem that Newcrest have is, undoubtably, Scally, but also the other 100% owned GGP tenements in Paterson.

Therefore, a much more 'friendly' approach is most probably sensible, going forward! :-)

Yup, I totally agree kevin! I've been around, and working in the global natural resource block for decades. To a company like Newcrest, the J/V now, with all of the positives coming out, would make them want to "swat the fly" and get control as soon as possible. You could almost sense the frustration in Sandeep's presentation when questioned about GGP.

The issue though for them now, as most of us know now, is that the fly is now the size of an eagle! :-) GLA

I now tend to agree that Newcrest will probably make an offer for the whole Havieron licence after the MRE (which could well be partial anyway), say in July/August.

There could well be some overlap on this all, going forward too!

My current thinking is for the Scallywag test drills, ASAP after the COVID-19 lockdown, hopefully now Q2/Q3 (instead of planned Q1/Q2). That would be under current project funding, with cash flow being adequate, as reported in the last financial results, until around October with the addition of the later warranties input.

Further funding for extra drilling (based on positive test drill assay results, and which I also believe that GH would be in favour of, to add extra shareholder value) at Scallywag may well then be funded by the possible divestment of the likes of Fire Tower and/or Warrentinna around, say, Q3/Q4 this year.

Based on all that, obviously again assay results based, and it's only a guesstimate, I'd expect GGP to then go for another farm in type agreement with Newcrest at Scallywag (most likely, and taking up their first right of refusal option), or, alternatively, the possibility of a new J/V with someone else, taking place towards the end of 2020/early 2021.

Why would it gain acceptance if it's "not one that realises the potential full value on HAV or other licences for GGP shareholders" ? Drill & prove, certainly on the latter, and thankfully GH is such a man! IMHO.