Greatland Gold Share Discussion Threads

[pr0t0n] 24/5/2020 11:15

tumshie11/

This guy said he`d look at Havieron. I`ve been following him for many years, usually TSX stocks, also a few LSE like SOLG and MARL

[waterloo01] 24/5/2020 10:59

That's my issue with the current market cap and why they are and need to focus on the rest of Patterson to justify the value. Would Newcrest pay $330m+ for 30% when they 'paid' $65m for 70% (actually they didn't pay $65m as GGP didn't get anything directly but invested in drilling).

[tumshie11] 24/5/2020 10:44

At the end of Stage 4 Newcrest will have acquired 70% of Havieron for $65 million. If, for example, the MRE is for 1 million ozs Au, Newcrest will have paid just over $65/oz of gold in the ground - not bad. At 4 million ozs it comes down to $16/oz - very good. At 10 million oz it's $6.5/oz in the ground - amazing, stunning etc. You can see why SB is so happy with his initial gamble on Havieron - from his point of view even a modest deposit has been a reasonable return and gives Telfer a new lease of life. He is bound to sing Havieron's praises.

From our point of view we have a company with a market cap of £325 million and if we knock off £50 million for the other assets that gives £275 million or roughly $334 million for 30% of the deposit. At 4 million ozs of Au that means 334/(4x0.3)= 278 $/oz in the ground - quite rich - and for 10 million ozs we get $111 $/oz - not bad. So, two sides of the coin - even a small deposit has SB singing its praises whereas we need a fairly large deposit to justify the current share price. It gives me great confidence that Newcrest are involved but I think they would be comfortable with a much smaller deposit than we are, given the gamble they took with GGP.

For me this company has performed very well but I've been burnt in the past with AIM stocks and swore I would never invest in them but now GGP is by far my largest holding - I never normally let a share account for more than about 5% of my holdings and I'm well, well over that now!

Any thoughts? If my argument is mince then I'm more than happy for the flaws to be pointed out.

I have tried using Recmin to model the deposit - see below - but the entire program is in Spanish and I gave up. Are there no mining engineers out there with access to some professional mine modelling software or anyone on this forum who speaks Spanish and can use the software?

[pr0t0n] 24/5/2020 08:18

Australia – An Ancient Land of Plenty

[pr0t0n] 24/5/2020 07:08

That`s an old report.
Here are the last years results, see bellow.
Scallywag is their prime target/

[1gandhi] 24/5/2020 05:11

Posted by hydrogen on other bb:

“Black Hills has been previously investigated, in a fairly superficial way, by Newcrest, and four main mineralised zones demarcated along a five-kilometre strike length of a north- westerly trending antiformal structure. The carbonate-rich meta-sediments and the structural style are analogous to those hosting the Telfer gold-copper mineralisation, and the gold mineralisation revealed at Black Hills by earlier Newcrest exploration and the most recent Greatland field work is similar to that seen in the uppermost and earliest-mined portions of Telfer. Newcrest identified high gold grades in rock chip samples, commonly around 20g/t gold, but some GGP samples returned up to 90g/t, with visible free gold in places.

[wisteria2] 23/5/2020 21:41

Tempted to emigrate .... some great fishing and enough coast to go around.

[pr0t0n] 23/5/2020 07:25

While Australia’s current mineral expertise is concentrated on being the world’s top exporter of iron ore and coking coal, the country also has significant other advantages.

Australia is also the world’s largest producer of bauxite, the base for aluminum, in which it ranks number five in global output, according to the government agency Geosciences Australia.

It also ranks fifth in world copper and cobalt output and has the second-largest reserves of copper, cobalt, bauxite, and is ranked third in reserves of lithium and rare earths.

Having benefited from the rapid industrialisation of China, Australia is probably the best-placed country in the world to tap into the switch to renewable energy in coming decades.

The country ranks highly in the annual Fraser Institute survey of mining companies for investment attractiveness, with Western Australia state ranked the top jurisdiction in the 2019 survey, released in February.

[pr0t0n] 22/5/2020 17:21

Personally I look at the bigger picture.

Small PI`s get spooked with the small details here and there.

I`ll repeat again :

NEWCREST is BIG OUTFIT running the show¬"!!!
.
They can cover all the angles better than the most.

Enjoy the ride and Bank Holiday with family and friends...

STAY SANE ...more important than anything else!!!

[telbap] 22/5/2020 16:11

@pThe sun is shining, I'm not going to bite.

[zooman] 22/5/2020 15:58

T. They're bored we have the lockdown the sadness of the amount of deaths there have been. Its just wishing some good news to lift things, its human nature. I remember a film years ago where someone said, The Ox slow but the World has Patience. Its very true.It will come only a few weeks to go or maybe sooner.Have a good BH all, albeit a bit strange this year.Keep safe.Zoo

[malcontent] 22/5/2020 15:22

TImber- I think people just wanna say something- anything

We're all waiting for next set of results- share price is just sitting there ( I have been impressed with how well it has stuck close to the highs, mind)

And nature abhors a vacuum....

[timberwolf] 22/5/2020 15:17

OK, yet again, I don't see any issue whatsoever with this!

I just can't understand why some people see any issue, whatsoever, with any shareholder taking any profit, at any time they wish, due to one, or many factors, in their life!

If all of the director's, and/or employees, and/or other option holders were doing the same, at any specific time, then there may be some warrented concern, but this, IMHO, is just normal trading of options!

[rose_by_another_name] 22/5/2020 15:14

6 million times 1.4 pence= £84,000.

I would.

But then I would want to sell a million
at 8.4p to pay for it and keep 5 million
on free carry.

[zooman] 22/5/2020 14:29

T, maybe sell some to cover costs and keep the rest. If a deal goes down and its not the company being sold but the site then holding shares would be prudent. If the company were being sold outright there would be incentives to the BOD to vote it through but if its only the site maybe someone covering both sides.Zoo

[telbap] 22/5/2020 14:17

They other option on a positive side is you can leverage against shares you actually own, T trade against value......so maybe they want to take up a large T trade??WTFDIKGran may just of passed and left them a shed load?Tax rebateI could go on and on!

[imperial3] 22/5/2020 14:16

So am I and no doubt many other people as well!

[telbap] 22/5/2020 14:12

RBSN.....only if they then immediately sell.We of course will only be told this info if GH sells, the employee could dump the whole lot tomorrow and we would never know. Having a real Sh1t day, so trying to grab the positive side of the coin for. Change!

[p@] 22/5/2020 14:12

Just shows he wants to cash out IMO ,otherwise why not leave as option.

[rose_by_another_name] 22/5/2020 13:45

"a good sign if an employee has bought 6m options"

Anyone would be happy to buy this share at 1.4
pence. You could sell immediately at 8. Not so
much a demonstration of confidence or insider
knowledge as opportunism.

[paddygall] 22/5/2020 13:11

If you look at the financial results Tel - note 16 I think - it's shows the various options and when their expiry dates are.The only 6M I can see for 1.4p were issued to B Wasse and weren't due to expire until 2022.Hope that helps - Paddy

[telbap] 22/5/2020 12:38

Well that's deffo a good sign if an employee has bought 6m options.I would love to know if these and GH options were about to expire, as it shows such a different light on the subject....think I might email and ask the company.

[uknighted] 22/5/2020 11:20

RNS

The Company has received a binding option exercise notice from an employee, who is not a Director or PDMR, for 6,000,000 options at 1.4 pence per share for a total consideration of GBP84,000. As a result of the option conversion, 6,000,000 new ordinary shares are expected to be admitted to trading on or around 1 June 2020 ("Admission").