Greatland Gold Share Discussion Threads

[mufprat] 10/12/2020 15:10

Difficult to judge where the share price goes from here. As the MRE and latest drill results were announced simultaneously I don't think any more HAV news until the next quarter.
Scally is next of course and may be a game changer but in the meantime, I sense the share price will weaken further, it might get back to my last purchase price of 24.5p.
No intent to bash, just the way I see the rest of this year

[sticks3] 10/12/2020 13:14

Cashandcard - no point trying to engage with J C - just filter him and any other idiots on here.

[mikedon1946] 10/12/2020 13:05

I hear what you say John but

Greatland Gold plc 29.47 GBX 1,613.37%
Vast Resources PLC 0.14 GBX -48.52%
Orosur Mining Inc 19.25 GBX 501.56%
Thor Mining Plc 0.90 GBX 109.53%
Alien Metals Ltd 1.09 GBX 508.00%
ECR Minerals PLC 2.80 GBX 273.33%
ARC Minerals Ltd 4.30 GBX 56.25%

Full 12 months, some impressive figures, some not and these include today's drop in value.

There is one Star in the list, and that Star is only twinkling at present Just wait till it shines at full brilliance, ggp is a star 42100% over last 5 years, I just wish I was in then but hindsight is a wonderful thing.

DYOR

[zooman] 10/12/2020 12:53

Thanks Tel, I though it was but for a mo thought you meant next week. Zoo

[telbap] 10/12/2020 12:51

@zooman.......it's tomorrow which is why we are getting so clobbered. Remember last time? We got smashed when they started buying, it's the only way MMS can suck out stock, they know if they run the share price up it will suck in more buyers so they hammer it to weed out the traders.

[cashandcard] 10/12/2020 12:40

JohnCasey,


They've just confirmed 4.2mln Oz initial resource - all those you mention will do well if they can 'collectively' achieve that kind of baseline resource.

In the next resource update - this will go higher as 4.2mln Oz is merely the starting gun on Haveiron resource being fired. I expect Haveiron to achieve upwards of 15mln Oz in due course once more infill drilling is done.

Of course, we have the GDX smallcap inclusion which will suck up more shares and the not insignificant matter of Scallywag drill results.


Cash

[johncasey] 10/12/2020 12:29

i think the party here is over..take your profits now and pile into all the other minnows like ARCM,ECR,UFO,THOR,VAST,OMI

[zooman] 10/12/2020 12:21

Tel, is that tomorrow or Friday week?Zoo

[telbap] 10/12/2020 12:08

Don't forget MM's are book building for GDXJ coming this Friday, they will need a crazy amount of shares to balance so expect some volatility. Scally results can drop anytime, so shorters beware this will jump up faster than it's been knocked down.

[zooman] 10/12/2020 11:30

M, I hope it all comes good for you, that's why we're here to make money. :-)Zoo

[mikedon1946] 10/12/2020 10:36

Zoo

I like the filter works great, only trouble with it is they some times they take up all the page but not a real problem.

I thing the results maiden are brill there is so much more to go, and while Newcrest have faith I have faith.

May want out the middle of next year to buy a house in Spain with the bounty cannot do that with many shares.

[zooman] 10/12/2020 10:20

M, don't waste your time. The bashers are out today because they know the share price will rise and want to buy in cheap.Ignore button is your friend. :-)Zoo

[cashandcard] 10/12/2020 10:09

Gervaise Heddle stated in GGP AGM the otherday when pressed about Scallywag drill results, that labs were overwhelmed so there was a delay but we should hear something around Christmas or New Year.

That's just a few weeks away!

For newbies, Scallywag area is nextdoor to Haveiron JV area and holds 4 distinct prospects, Kraken London Blackbeard and Barbossa. Drilling took place at Kraken and ....a few weeks later more drilling took place at Kraken with what looked to be diamond drills. This was generously posted online by Paddygall, who has done a phenomenal job in keeping investors upto date with data on GGP, Haveiron and Paterson licenses. After that Kraken drilling, then everything went silent...

A discovery of Copper or Gold or both at Kraken will derisk the other prospects around it. All 4 prospects are 100% GGP.

I'm hoping they can replicate the success they have already witnessed at Haveiron and further derisk the surrounding prospects and open up a whole new area for exploration.


Cash

[telbap] 10/12/2020 10:03

I imagine it does, just reading what you typed every day must be difficult

[imperial3] 10/12/2020 09:57

Before rushing to the exit,let us see what scallywag has to offer.A tasty morsel maybe.

[timberwolf] 10/12/2020 09:51

Some more from Hannam & Partners Broker Note today:

"We are currently working on an updated DCF valuation for Havieron, reflecting
both the published JORC Resource and the clear further upside potential, and
looking at various scenarios with respect to potentially using a combination of
sublevel stoping and caving mining methods.

We will update our Havieron NPV and Greatland Gold target price in our next note once our valuation is complete.

Havieron is a world class gold/copper orebody and we are confident that our valuation will reflect this."

[cashandcard] 10/12/2020 09:49

Eezymunny,


Firstly, jurisdiction and partner/cost may have something to do with that. Where would you rather be, Australia or Egypt? Australia is the best mining jurisdiction to be in bar none. GGP is looking to take Haveiron through to production, we are probably looking in the region of 400-500k Oz once in production. To this extent - Newcrest are ahead of schedule and moving at lightning speed to get Haveiron into development and production. Grades are rich compared to Newcrests nearby Telfer mine - Newcrest desperately need to improve AISC at Telfer (reportedly around $1900/2000) = Haveirons rich ore is the answer. Words of all partners, the story at Haveiron has just started. The orebody is open in several directions and at depth (currently down to 1,100metres).

MRE is 4.2mln over just a small portion of the early drilling - the true resource probably dwarfs this already as they have done plenty more drilling thats not been included for purpose of the MRE. But I expect when this goes into production it will be alot higher and when resource is finalised some years down the line, it will be clear to see a 15-20mln Oz Gold/Copper deposit at Haveiron alone of which GGP will have 30% (or 25% if Newcrest buy 5% at market value). Given the location within easy reach of Newcrests Telfer plant, and bulk mining being likely method, this is going to be a low cost operation.

Now here is the $64k question; what have they got at Scallywag? Scallywag is on trend and shares similarities with Haveiron, if they confirm Copper/Gold discovery there similar to Haveiron - at 100% to GGP its going to be worth a fortune. The real value for anyone investing now is to grow and move Haveiron towards production - but that's under Newcrests control. What GGP can control is what they discover at Scallywag and how they can unlock value there.

Its bizarre to me folk posting all these others as the next GGP, they are not as derisked as GGP and do not have the potential for another 2-3-4 Haveirons in 'look-a-like' prospects with similar gravity and magnetic signatures. Haveiron as a firm footing makes the rest of GGP's assetbase in the Paterson a call option on future growth. Can they do it again? I think yes and we will find out soon.



Cash

[pr0t0n] 10/12/2020 09:43

Well, Centamins equivalent in Australia is SARACEN MINERALS, 400k ounces per annum.
£3 Billion MC

[telbap] 10/12/2020 09:41

So on a valuation basis we are around 30p for the MRE calculated portion of Hav we own, so no value for the rest of HAV (which we don't know but must be a good double up and more from here) plus all our other licencesThis is why I wanted scally results t this time. Would hav been 40p

[zooman] 10/12/2020 09:40

T, GGP are based in Australia as we all know. Better there than say China, Africa etc. Happy days and the opportunity to buy some more on the cheap today with the MMs happy to buy large chunks if the button's pushed. Zoo

[mikedon1946] 10/12/2020 09:36

I see where you are coming from EMum

Share value growth this year
Centamin PLC 124.55 GBX 2.13%
Greatland Gold plc 33.25 GBX 1,833.14%

Maybe this is why I own ggp not cey