Greatland Gold Share Discussion Threads

[lithological heterogeneities] 27/3/2020 18:46

PLEASE DONATE TO OUR WONDERFUL COVID-19 NHS STAFF AND VOLUNTEERS

If you can,please support our fantastic NHS frontline workers who are putting their own lives on the line saving us and our friends and families by donating to the NHS Charities COVID-19 Urgent Appeal run by Virgin Money:



Make a real difference. Please forward this link to everyone you know

[timberwolf] 27/3/2020 10:20

High margins and record gold price 'seeing investors move back into gold mining equities'
proactive - 27th March 2020

Mining Capital's Alastair Ford looks at the opportunities around gold equities given the current backdrop of global market uncertainty.

''You've got a record high gold price and low oil prices and a lot of the gold mining companies incur huge energy costs and with the oil price at low levels, margins are likely to be very high''.

''Once the bout of last week's volatility finished we started to see investors move back into the gold market ... and gold mining equities too''.

''The investors that are doing that are looking not only to get exposure to the high gold price but also those bigger margins''.



YouTube:

(GGP mentioned)

[uknighted] 26/3/2020 23:32

Thanks Paddy, we missed you.
I hope you didn’t mind my post 10358.

Keep up the good work.

[paddygall] 26/3/2020 22:54

Hi uknighted,Sorry been a bit amiss in not posting so often. I'll try to do better over the next few weeks running up to results.GLA Paddy

[uknighted] 26/3/2020 22:42

Paddygal hasn’t posted here much recently but this is a post he made earlier on the LSE BB

“Hey guys just been having a look at the drilling in the SW corner. I think they are absolutely smashing the ball out of the park down there. I think they are chasing the high-grade breccia that they discovered in HAD042. I put this document together to explain my theory

hxxps://mega.nz/#!VhoGEIrD!-Jy3NqgzYc1bxmSWHuSchdOg_QeXyzp5FHf-SxtnvRs

Looking forward to the next couple of sets of results.

GLA Paddy”

Thank you Paddy.

[ianpuddifoot] 26/3/2020 21:43

1gandhi dont think so

[telbap] 26/3/2020 18:38

Good to see GGP blue again, nice sensible single digit rises underpinned with volume so we stay up.

[1gandhi] 26/3/2020 16:54

Sold some @ 4.99 to celebrate 1300%; bought again @ 3.6; now overall heading for 1500%.

More to come with double boosters of exploration finds and rising gold.

[alangriffbang] 26/3/2020 16:40

Zoo going along here very nicely ,I see our two trolls are still trying to muscle in ,unfortunately our new poster is going to be used against us ,keep smiling ,

[timberwolf] 26/3/2020 14:55

It'd certainly be very nice to see 5p again before the end of the week.

[mostro] 26/3/2020 14:35

Gold sure is rocking along nicely today!!

[telbap] 26/3/2020 14:00

So the articles would explain the lift over the last few days.More of the same please!

[noirua] 26/3/2020 12:16

Chart is signalling a distinct breakout move to 8p.

[timberwolf] 26/3/2020 11:39

I told a mate of mine that he really should buy some GGP shares around 10 days ago when the share price dropped to a low of around 2.5p. Even if he'd bought at 3p, he'd still be sitting pretty with a 50% profit! I just called him and said, "If you snooze you lose"! ;-)

[mirabeau] 26/3/2020 10:24

There's another one from today fella -


The Greatland Gold share price offers a buying opportunity
By UK Investor Magazine - 26/03/2020

The Greatland Gold share price (LON:GGP) has pulled back from their recent highs and as it finds support, analysts are suggesting now is a good time to buy.

Greatland Gold has outperformed during the period of volatility in stock markets in 2020 due to an exciting series of updates from its gold projects in Australia.

The company is operating six exploration licenses in Western Australia and Tasmania in areas that have not previously been subject to heavy prospecting.

The Gold safe haven?
Gold has been long though of as a safe-haven and the perfect place to allocate capital during periods of uncertainty and Greatland Gold could be seen as a proxy for the underlying price of gold.

However, the safe haven gold thesis has tested and somewhat disproved during the recent the selloff.

As coronavirus started to negatively affect global stock markets, true to form there was a move higher in gold as investors flocked to safe havens such as gold and bonds.

Though gold initially rose, as market volatility picked up in stock markets it feed through to the gold market with market participants being forced to liquidate positions in the gold futures and options markets to cover requirements elsewhere.

Gold prices sank $250 and have not yet again tested to the upside.

With such moves causing volatility in gold, it suggests Greatland Gold should not be seen as a safe haven proxy investment on the price of gold.

This is not where the opportunity lies for Greatland Gold, or where investors will find share price appreciation.

In the same vein, it is unlikely volatility in the price of gold will negatively impact Greatland Gold in the short term.

Greatland Gold shares
Greatland Gold shares have risen not because of a move higher in the price of gold, but because of progress in it’s exploration program in Australia, which has yielded very encouraging drill results.

The most recent of these announcements was an update on the Havieron deposit in the Paterson region of Western Australia.

The company said the Havieron project had demonstrated high-grade mineralisation with a 0.5m section yielding 159 grams of gold per tonne and a 3m section yielding 91 grams/tonne.

There are currently eight rigs operational in the area and testing continues, providing the opportunity for further positive updates in the near future.

Gervaise Heddle, CEO of Greatland Gold plc, commented on the results:

“We are delighted by this sixth consecutive set of excellent results from Newcrest’s drilling campaign, which continue to demonstrate the continuity of high-grade mineralisation and expand the mineralised footprint.”

“These latest results represent one of the best sets of drilling results at Havieron since Newcrest began its exploration campaign and reinforce the potential to accelerate the timetable for commercial production.”

Since the update Greatland Gold has pulled back from the recent high of 5.68p but equity analysts remain positive in the shares.

“I would suggest investors use the recent pullback to pick up the shares,” said John Woolfitt, Director of Trading at Atlantic Capital Markets.

[telbap] 26/3/2020 10:24

Amazing still getting news flow amongst this nightmare. Another customer has told me today to cancel all open orders, by it looking like they might now not re-open at the end of this, so that's another 30k he owes me I won't be collecting......people are not yet realising the long term effect here, it's not the here and now, it's the next 12 months.

[pr0t0n] 26/3/2020 09:34

Thank you Mirabeau

[mirabeau] 26/3/2020 09:22

Why there is excitement about Greatland Gold

What a recent big discovery could mean for the junior gold miner

One of the ultimate safe haven assets, as global stock markets descended into chaos gold looked all set for a strong 2020.The price of the precious metal has been somewhat subdued in recent weeks despite plunging stock markets as there was widespread selling across nearly all asset classes.
But with uncertainty being the flavour of the day in financial markets, analysts see the gold price surging significantly higher again in the next few weeks and months.
There are a number of categories of investment exposed to gold prices, one of which is individual gold miners.
Among this group are junior firms focused on exploring for gold deposits rather than producing the metal.
A company in this space investors are getting excited about is Greatland Gold (GGP:AIM), a £134m market cap miner with a number of projects in the gold-rich Paterson region of western Australia.
Its shares surged recently when it announced drilling results from Havieron, a project it owns which could have up to 5.5m ounces
of gold.
The results showed grades of 9.8 grams and even up to 19 grams per tonne in some places. Anything over eight grams per tonne in an underground deposit like this one is generally considered very good.
In gold mining, grades tend to
be very important. For example, if mining and processing costs are $100 per tonne of material dug of
the ground, and that for every $100 spent you get two grams of gold, 15.5 tonnes would need to be processed to get an ounce of gold, given that an ounce is 31 grams.
So a miner would need to spend $1,550, before factoring in other costs, to get an ounce of gold. Given the current price is around $1,500 per ounce, it wouldn’t realistically be economical to mine.
But if for example the grade was five grams per tonne, you’d only need to be process 6.2 tonnes so your costs would be $620 to get an ounce of gold, compared to the $1,500 per ounce price for which you can sell it.
That’s why investors have
been getting excited about Greatland Gold’s drilling results at Havieron, which Numis analyst Justin Chan called ‘one of the most exciting discoveries being advanced globally’.
Greatland Gold currently owns all of Havieron, but like all junior explorers with such deposits, the project will become increasingly owned by mining giant Newcrest as it spends money to develop it. This is known as a farm-in agreement. If it ends up a producing gold mine, Newcrest could own up to 75% of the project.

end

[mirabeau] 26/3/2020 09:16

Full page write-up in today's Shares mag.

[timberwolf] 25/3/2020 09:49

Nice 22% swing north earlier this morning from a day low of 3.80p up to 4.65p! :-)