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Nice update - thank you GGP.
Decline making excellent progress:
https://www.ggpchat.co.uk/viewtopic.php?t=479
[Thank you RA].
Roadmap:
https://www.ggpchat.co.uk/viewtopic.php?t=564
Half the year gone.
For some, it's been apparent that to date, it has been very very frustrating.....so near yet so far. Most LTH'rs have come to accept the time line knowing the light at the end of the tunnel is getting brighter as the gold piles up.
Those very same LTH'rs also understand that RNS's like this have never and will never shift the SP. It should be common knowledge by now that only certain catalysts can/will do that and for us in this particular instance it will most probably be:
1. Next MRE(2) from the (new) mine manager.
2. DFS.
3. DTM.
[A technical change in the SP will of course take effect when we list on the ASX] .
Bernard Shaw once said:
Two things define you - Your patience when you have nothing and your attitude when you have everything.
Z
Signed up and questions posed.
Meanwhile, back at the ranch - thanks DBW for that find, interesting reading about the background to mining in Ecuador. I don’t think the company being interviewed would be interested in Solgold because it says it’s after a SME without a much lower capex and also one which is “easy to mine”…….. aren’t we all!!
Z
Https://www.lse.co.uk/ShareBrokerTips.html?shareprice=GGP&share=greatland
Where's that then Stumpy?
Z
Hi Joubert - I think brokers have a role. Take from their research notes what you want. I would suggest they know more than the average PI, especially when they are one of the company's brokers. Sprott have always been conservative (currently 15p) and together with the others. added to one's own DD, forms a picture by which you place your bets.
Don't dismiss them entirely.
Moving on.....
IF....IF we get another MRE before the DTM, it will probably riase the 6.5MozAuEq to around 8MozAuEq. Shortly thereafter we will start mining. We may not get another MRE(2) from Newmont/GGP.
This then is what the MM's will base the SP on until we generate FCF. and thus the SP will start its inevitable rise.
Consequently - I like Panama's 'projection'.
Z
Good one MH01. Everyonesawinner - I admire your optimism but even with a 20Moz find, the market doesn't build in an increase in the SP to reflect that - overnight. It will (a) take years to declare the 20Moz and even longer to reflect that in the SP.
GGP will be a different beast by then (if it still exists in its present form).
Mentioning SP's above 30p is irresponsible for the foreseeable future, I would suggest.
Let's keep the lid on this and sit it out (conservatively).
Best wishes
Z
Saw a couple of posters earlier querying how many were out on issue etc....
Lots of references available if you look but the two closest (and easiest) to find are:
1. Scroll to the top of the GGP (LSE) page and click "fundamentals"!
2. Check Sprott out: GGP LN 4Q22 cash: A$58m Project: Havieron Market cap Sprott https://sprott.com › 230427-ggp-scp-drilling [Page 3].
Looking at 5.64Bn with options (full dilution) and wait for it: 6.35Bn shares in issue (full dilution) for the mine build!
SD ain't going to like that - hence more reason for him NOT discounting consolidation.
Some of us LTH's here (3 years plus) have seen a 40% dilution with a negative tracing of the MCap. The tide will turn.
Z
Colonel Drake - bless you. You see the world in rose coloured specs for sure. Let's stop for a second and take a look at Peru and Chile, now remaind me, what are they up to as a future mining fraternity?
Mmmm.......latin americans have a totally different outlook on life matey, especially the indigenous brand.
If Conaie get anywhere near control of the country in August - we're in deep doo doo.
As for yesterdays blitz by dubious outsiders about a takeover........................cruel, I thought.
Z
Addicknt- if a so called civilised country like the UK can ban fracking in its entirety……conaie can decimate mining in its own back yard simply by protesting for months.
We are not looking at a stable country here!
The only player with any ‘teeth’ in this conundrum is China.
Hopefully “behind the scenes” they can ‘ manipulate” decisions……….as they have done in Ecuador for many years…….it’s our only lifeline.
123Gold - When I was updating the roadmap:
https://www.ggpchat.co.uk/viewtopic.php?t=564
I contacted GGP about their 'update' frequency. They said it was between 6 and 8 weeks dependent on their findings.
Today was week 6, let's go for next thursday shall we?
Z
I'm tempted to suggest the way forward - but there aren't enough (jigsaw) pieces available just yet.
Those that we do have, however:
1. Financials: $220m on standby from Banks. $120m from Wyloo.
2. Personnel: Premier league BoD's.
3. Support: Wyloo (FMR).
4. Partnerships: Newcrest. Rio Tinto.
5. Infrastructure: Telfer. Havieron.
6. Real Estate: Hav / Juri / Scally / Rudall & Canning / Ernest Giles / Bromus / Blackhills /
Paterson South.
7. Listings: ASX / AiM.
We're onto you Shaun Day ;) ..............................
Z