Greatland Gold Share Discussion Threads

[mirabeau] 11/2/2020 07:14

'Whilst clearly at some stage we will take some profits we believe that the Greatland story has a long way to go from here. There is still a large amount of important drilling to be released to the market and judging by the comments of the CEO of Newcrest in their recent reporting they like what they see so far.

While we hope Havieron on its own may well prove to be a +20Moz Au deposit (which would imply the Greatland share price has a long way to go), we also see a huge amount of potential nearby in areas not subject to the Newcrest Joint Venture. Interestingly, Newcrest published the first iteration of a geological model recently for Havieron that in our opinion opens up the whole sub-region to similar prospectivity. Should drilling at Scallywag or elsewhere nearby turn up similar mineralisation to that at Havieron we can easily see Greatland's share price appreciating significantly.

It is our contention that the Havieron sub-region is possibly a whole new Gold/Copper province of industrywide significance. Work by various companies over the next 3-6 months should go a long way to proving or disproving this theory.'

[qs99] 11/2/2020 07:13

PRIM RNS this am, interesting and decidedly bullish imo on GGP still....DYOR

[stocktracker12] 11/2/2020 06:35

#GGP closed up 15.86 percent on Monday, February 10, 2020, on 4.41 times normal volume. The bulls were able to push the stock to a new 52-week high.

[johncasey] 11/2/2020 00:15

then again could do a solgold and steady climb to half billion m/c

[dr rosso] 10/2/2020 23:39

5p is prob fair vaue atm, with maybe 6p+ to come in due course, notably as updates on Scally come through.

BUT

Today`s two giant trades around 5p are most likey sells, the Block listing conversion of warrants. Tomoro is going to be an interesting day, with much anticipation of Newcrest`s Weds reporting on Hav. Just my opinion, but fwiw I think that this is going to go hyped-up herd frenzy to the mid-5s. Suspect strongly that mms will want to drive this up to suck in buyers for the millions of shares they have just taken in. A short-term wipe-out is coming up. Can see this spiking towards 6 and then the usual manufactured drop. Low 4s even, on the forthcoming rollercoaster dip. As I say, fair value at present around the 5p mark, with more to come but this could be very messy midweek when hundreds of suckered in weak hands, the usual mm fodder, get spat out in fear on the inevitable big dipper ride. Savvies buy the dips.

[pr0t0n] 10/2/2020 22:14

Thursday 10am AEDT = Wednesday 11pm UK time

2019/20 Half Year Financial Results



I don`t expect much.
Last years webcast here @

[timberwolf] 10/2/2020 19:43

IMHO, the most likely scenario going forward would be for the Scallywag test drills, as GH indicated, during Q1/Q2 this year. That should be under current project funding, with cash flow being adequate, as reported in the last financial results, until around October.

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, Q2/Q3 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.

DYOR

[sutherland1] 10/2/2020 19:43

Spot on strongbow

[strongbuy] 10/2/2020 19:25

This is bigger than we think, it could be the biggest discovery for the last 50 years never mind the 10 being mentioned, any time this could go ballistic 20p, 30p 40p who knows ???

Best holding out there is something magical happening here imho

[chipstir] 10/2/2020 19:18

Yep I’d go with that :)

[mufprat] 10/2/2020 19:14

The only scenario I could envisage that GGP surrenders any control of Scallywag is if a Major made an irresistible offer or if GGP was taken over.Scallywag may or may not be another Havieron but I'd much prefer GGP to discover that themselves.

[daddy warbucks] 10/2/2020 18:47

Definitely a better bargaining position if we drill the first few holes. Especially if we get results like Havieron!

[chipstir] 10/2/2020 18:41

Daddy, I would think that all the work Newcrest did over 25 years ago and all the information coming out from board level since Hav first started producing drilling results, I’d say there would be a chance( if it was me I’d snap it up) .
However I’d be happy to drill it ourselves and take the chance that there will be some decent results there. Better bargaining chip for us then imo.
Either way, won’t be to long to find out

[daddy warbucks] 10/2/2020 18:23

Would a major do a j/v without seeing at least one drill result?They would be taking a huge gamble even though we have had encouraging indicators imho.

[timberwolf] 10/2/2020 18:14

@Chipstir "...That’s if they go it alone....."

Indeed! ;-)

DYOR

[pr0t0n] 10/2/2020 17:56

Timber,

That info is not in public domain yet.
GGP`s drilling crew could possibly use NCM`s camp with all facilities and start early March. April would be the safe bet.
It will be announced in time.

[chipstir] 10/2/2020 17:51

No update yet
Said they would start drilling in next field season, which if last few years is anything to go by is very late March or early April. That’s if they go it alone.....

[timberwolf] 10/2/2020 17:40

Thanks DW! It'd be useful to know if they've actually started, but I suspect that GH is maybe holding that bit of information back for his next piece to camera. ;-) I certainly haven't seen any update since then, so just wondered if anyone else had, as it's always good to keep ahead of the game.... :-)

[daddy warbucks] 10/2/2020 17:34

Further to the last, there is an rns dated 6/11/19 about the Patterson Range East and a number of targets, one of which is 'Goliath' ( need I say more lol).This is what GH says about drilling......"Our systematic exploration programmes across the Paterson Range East and Scallywag prospect areas this year have successfully highlighted a dozen high-priority targets. We look forward to advancing this exciting set of opportunities as we continue to accelerate our exploration activities in the Paterson region."

[daddy warbucks] 10/2/2020 17:29

I'm not sure when the next field season is.

[daddy warbucks] 10/2/2020 17:29

Don't know if this helps but taken from rns dated 30/10/19......-- Several high-priority drill targets identified from a review of IP, gravity and magnetic data:o Kraken: A high intensity 'bulls-eye' magnetic anomaly with the same amplitude, character and depth extent as observed at Havieron. IP results indicate a strong chargeability anomaly coincident with the Kraken magnetic anomaly.o Barbossa: A large 2km by 1km residual gravity anomaly located in a structural corridor 3.5km west of the hinge of the Scallywag dome. Barbossa has semi-coincident gravity and IP chargeability anomalies.o Blackbeard: An elongate 2.6km by 400m ultra-high intensity magnetic anomaly with a coincident moderate amplitude gravity feature. The IP chargeability response at Blackbeard is observed over 800m of strike.o London: Located in a gravity low interpreted to be an intrusive rock within the hinge zone of the Scallywag antiform. The London target IP response is seen over 400m of strike as discrete chargeability anomalies.-- Greatland expects to drill test these four targets during the next field season and will be conducting additional IP surveys over the southern portion of the Scallywag prospect area at that time.Gervaise Heddle, Chief Executive Officer, commented: "We are very pleased that these results have successfully generated multiple new high-priority drill targets at Scallywag, many of which share similar geophysical characteristics to Havieron. The identification of this first round of high-priority drill targets further reinforces our view regarding the prospectivity of the Scallywag prospect area itself and the Paterson region more generally, a region which we believe could hold multiple tier-one gold-copper deposits. We plan to accelerate drilling of these new targets in the next field season, while also carrying out additional work over Scallywag's southern area to identify further targets."

[timberwolf] 10/2/2020 17:08

Does anyone know if we've started any test drills yet at Scallywag?

As we know, back in October, Greatland indentified high-priority drill targets from a review of IP, gravity and magnetic data at Kraken, Barbossa, Blackbeard & London at Scallywag.

At the time GH stated, "We are very pleased that these results have successfully generated multiple new high-priority drill targets at Scallywag, many of which share similar geophysical characteristics to Havieron. The identification of this first round of high-priority drill targets further reinforces our view regarding the prospectivity of the Scallywag prospect area itself and the Paterson region more generally, a region which we believe could hold multiple tier-one gold-copper deposits."

I totally appreciate that the market is, ignorantly again IMHO, currently pretty myopic on Havieron, but, as most of us know, there's a lot more potential out there, and, what's more, still 100% owned by GGP!

If, as GH implies, and we also know, Scallywag could potentially come up with similar, or indeed even better valuable mineralisation to Havieron, all bets would clearly be off, for sure on shareholder value.

That's why I'm now particularly interested in Scallywag and would appreciate if anyone can say if the test drilling has indeed started yet. :-)

DYOR

[imperial3] 10/2/2020 16:37

Managed to reach 5p.

[ciminna] 10/2/2020 16:31

Just goes to show how far weve come when I'm a bit disappointed with a 15per increase! :0)