The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Rarely drop in here these days...just too many people with obviously ulterior motives out to spread doom and gloom for whatever reason, and when challenged their arguments are often so transparently fatuous that they're either stupid or plants. TG has reasoned debates, views are challenged and considered but there is respect. So #LSEXIT will be a breath of fresh air and hopefully build on the positivity of the TG groups...well done Bottle.
Just maybe there's some positive news to come...updated MRE, drill results etc and he's just given us the opportunity to buy more at less than what most of us yesterday considered to be a bargain price...if he'd have waited to do this until after the news many here would still be moaning that the price was too high!
Nicely put Chippy...the amygdala is driving some peoples' responses but if they can stop for a moment and consider why we've invested in GGP in the first place, the absolutely positive last few interviews and releases etc, then perhaps they can see that perhaps there is reason to be positive...but there's nothing we can change now, we have no choice but to "sit on our hands" and see what news there is in the morning. For what it's worth, I've applied for another 10,000 as I struggle to see a negative reason for such a small placing...
I hope everyone's smiling again by close of play tomorrow...
GLA
"It’s not easy for some to hold hard in the face of subtly deramps from what seems like an army of trolls and I for one am grateful for your factual input."
Worth considering that we've been lower in the recent past but are now several more weeks nearer to the updated MRE etc...so which way has the risk profile gone?!!
Bonkers that they ban those with solidly researched and presented data, and who are capable of calling out those with just unjustified negative spin...only goes to reinforce the view that there is something suspicious afoot. Sitting firmly on my hands...no way are they getting my shares...in fact I'll be topping up just as soon as a SIPP transfer finalises...
Here we go with your 3-6 posts '1 month old dodge account' you won't last long here, believe me.... Spreading FUD - fear uncertainty and doubt - over the bulk underground, becuase that's essentially the only unknown left that such disingenuous posts can target.
Last year we had months and months of tecnhical FUD with the GreenTool and others - who said Havieron would never be economic... but here we are 12 months later with a gigantic starter deposit, a $50m decline going in, and $50m GGP cash funding to DFS, and a published phase 1 mine PFS to take to the bank ... so NCM can get ore to Telfer ASAP.
You may be able to confuse and scare the un-researched with your manipulation, but you cannot touch Bamps or me.
For the rest of you MrBig is a skilled and devious operator who last night was attempting to exploit an ostensibly clever argument. The posts were subsequently removed this am. For the correct reasons.
What he/she was trying to do last night was apply NCM's conservative, underground stoping phase 1 mine operational costs @ $84/tonne - actually $81/tonne according to GGP using the correct exchange rate to Bulk Underground production.
The first Stoping operation has naturally has lower volumes, due to the inherent volume limitations of the Stoping technique and higher costs - ore transport to surface limitation, requirement for drill and blast / explosives, and extra material handling, and subsequence labour in back pasting costs )
But you cannot apply this to the anticipated Bulk under ground block caving grades of the larger scale deposit where the cost per tonne would be circa $25-27/tonne
This is a totally and fundamentally inappropriate comparison made by BiggL - It's like comparing two completely different company cost structures, AND specifically designed to imply that anything under 1.5g is likely to be 'uneconomic'...
And It's total BS becuase we ALL know that Cadia is economic down to 0.4g/t Au... specifically due the bulk efficiencies of the operational costs.
And very much like comparing and interweaving the cost structure of building Ferraris directly to Ford Fiestas -
IE both make massive profits, BUT in TOTALLY different ways . Obviously You cannot make a profit building Ford fiestas in the way you build a Ferrari though. That would be loss making.
That's the best analogy I can come up with. And that is the tactic of this poster. Always Happy to smash them into touch.
Expect Multiple shorter accounts with a very obvious agenda.s
Regarding bulk underground : The only question is will this be a block cave or a more selective sub level cave...? Anyone with mining nouse can see that.. The grade in those breccia are nothing short of sensational. And a mine in their own right.
"the tactic clearly is to frustrate holders to the extent that they will come to the view that if results like last night can't move the price, what will and they will sell out."
Totally agree with you DS...we just need to be patient and I feel sure the rewards will come...not overnight, but come they will!
Agreed Bamps...personal attacks simply aren't warranted; they probably say more about the attacker though.
Anyone invested in GGP for the long term needs to be able to sort the wheat from the chaff and ignore the daily movements in SP...otherwise negative movements, especially on AIM, will lead to a lot of stress...there's no excuse for taking that out on other highly regarded posters.
Anyone that has read and understood postings by Hydrogen, PG, yourself, and many others will be armed with a bit of knowledge to go and do their own research and decide what position they should take. Thanks all!
So he suggests waiting to buy the shares until production has begun...I suspect the price maybe a tad higher than the ~18p it was last time I looked. Definitely a good laugh to read...I might print it out frame it on the wall in my workshop to hopefully refer back to.