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GGP Greatland Gold Plc

8.20
0.99 (13.73%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Greatland Gold Plc LSE:GGP London Ordinary Share GB00B15XDH89 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.99 13.73% 8.20 7.80 8.00 8.00 7.215 7.30 20,382,766 16:40:16
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 0 -21.12M -0.0041 -19.27 402.14M
Greatland Gold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker GGP. The last closing price for Greatland Gold was 7.21p. Over the last year, Greatland Gold shares have traded in a share price range of 5.45p to 11.60p.

Greatland Gold currently has 5,090,376,282 shares in issue. The market capitalisation of Greatland Gold is £402.14 million. Greatland Gold has a price to earnings ratio (PE ratio) of -19.27.

Greatland Gold Share Discussion Threads

Showing 22401 to 22423 of 39850 messages
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DateSubjectAuthorDiscuss
09/6/2021
21:42
And lots of buys were shown as sells I know three people who bought today and all three showed as sells.
zooman
09/6/2021
21:07
They were sells, I was one one them. Lots of sells as buys, no conspiracy theories just a computer programme that gives blue or red and gets it wrong a lot.
adskig
09/6/2021
16:35
Indeed pr0t0n, but also, it was also clearly Tweeted about by SD today, which makes it even more interesting! I may be completely wrong, but I don't remember GH saying anything about, or publicising, any broker notes in the past....Read anything into it? Who knows?

Looking forward to the Newcrest interims tonight!

GLA!

timberwolf
09/6/2021
16:18
Lots of buys shown as sells.Zo
zooman
09/6/2021
14:30
Cheers Timber.
What I find very interesting is the timing.
They published this just a day before probably biggest update (about 20,000 meters worth of drilling results).
Why now, why they couldn`t wait few days?...
LOL, you have to laugh sometimes at all this shenanigans.

pr0t0n
09/6/2021
11:19
Shaun Day Tweet today:



Thank you to JerseyCrew on LSE:

Unique amongst London-listed gold juniors

Compared to London-listed junior gold mining peers, Greatland Gold stands out to us as a differentiated player with a significant stake in what we believe will become a large scale, top-tier asset, with a tier 1 partner (Newcrest Mining) driving development, in a tier 1 jurisdiction (Western Australia). While we discuss a range of potential outcomes in this report, we believe that Greatland's flagship Havieron Project could become a 400-700kozpa producer, with a mine life of >20 years, developed at a low capex cost, as a result of taking advantage of Newcrest's existing processing infrastructure located nearby. Furthermore, we see minimal dilution from any required funding for development for GGP. The key for GGP over the next 12 months will be delivery of ongoing strong drillhole results as the full extent of Havieron mineralisation becomes apparent. This should give rise to material upgrades to the resource base, in addition to finalisation of the pre-feasibility study during 2H21.
We initiate coverage of GGP with a 25p/share target price, implying ~25% upside. Our target price is calculated as 1x NAV on our base case estimates (rounded to the nearest 5p). Given the preliminary nature of our economic assessment, as no economic studies have yet been completed on the Havieron asset, we are initiating coverage with a SPECULATIVE BUY rating.

Fast track ramp-up
Newcrest's nearby Telfer mine is soon set to exhaust, leaving significant processing infrastructure 'stranded'. Newcrest is currently fast-tracking the development of Havieron in order to avoid the cost of placing the Telfer plant on care and maintenance. We expect the Havieron Project to begin ramping up from late 2023/early 2024.

Low-capex development
We have conducted a benchmarking study of similar operations to estimate an appropriate unit capex rate of US$100/t of annualised throughput, which we believe to be ~30% lower than the capital cost for an operation which also requires processing plant construction.

Significant exploration catalysts
Havieron already has an initial Mineral Resource Estimate (MRE) of 4.2Moz @ 2.5g/t AuEq. The current 65,000m growth drilling program has intersected mineralisation in all of the holes drilled so far, and significant intercepts exist well below the current MRE. What appears clear, in our view, is that there is significant additional gold in Havieron than has been currently defined. Our simple observation of the drilling data to date, plus the known MRE geometry, suggests total resources could be a multiple of what has been defined to date; of course, whether that multiple is 2x or 5x is much more difficult to define at this stage. We do believe that ongoing reporting of drill results will continue to be encouraging this year, and will ultimately lead to significant upgrades in the overall resource base.

Valuation
Following strong performance in the share price over the past 12 months, 'valuation' is the strongest pushback we hear from many investors. We would agree that on the currently defined resource base, current trading levels are difficult to justify fundamentally (using either NPV or EV/oz). However, in this report, we outline a number of scenarios which we believe illustrate the modest level of exploration success required to justify significant valuation upside for this compelling equity story.

timberwolf
09/6/2021
08:40
I have consulted my dream-oracle...

and I have foreseen a wonderful bowl, a golden bowl of technical analysis, that is forming in the present, and into the future it continues to form, and it is a thing of beauty and it brings golden riches to those who sup from that bowl, and hold their shares

and then I woke up

malcontent
08/6/2021
23:13
here we are guys...BLOCK ENERGY podcast with paul heywood and
ZAK MIR

johncasey
08/6/2021
21:52
35p 2020! the golden year for ggp!
abbynat
08/6/2021
20:11
tmmalik - GGP has never been worth anywhere near 40p. Where did you get that from??
Brokers are quoting 33p @ PFS FFS!
66p @ production.
[Not taking regionals into account].
Z

zoros1
08/6/2021
19:57
This has probably been posted before, but well worth seeing slides 6 & 7 again.


The coloured 3D of Havieron is brilliant. It shows what the initial MRE was based on and the scope of increase from there.

GLA...

abrahe00
08/6/2021
10:55
Seems we are going back towards 25p .let see how much progress GGP reports this week .which will begin journey back towards real value around 40p.Dyor.
tmmalik
08/6/2021
07:39
"Will an MRE (2)(Inferred) be announced by GGP on Thursday?"

Good question.
Maybe they will if there is a significant increase, just can`t see them adding couple of million ounces for the sake of it.
I`d imagine if there is enough data to double initial MRE they might upgrade it, like they did with Cadia.

pr0t0n
07/6/2021
21:19
thank you zeros brilliant !
alangriffbang
07/6/2021
13:23
hxxps://greatlandgold.com/wp-content/uploads/2021/04/GGP-Corporate-Presentation-April-2021.pdf
Page 15: “Greatland value creation”.
Let’s remind ourselves what drives the share price (future value drivers), on the rhs of the page.
Wednesday evening news could tick every driver in the ‘resource growth’ box.

Page 10: Havieron | Catalysts for value. [Points 1 and 2: MRE’s].
My original roadmap suggested Q2 for the following:
*MRE(Indicated):
The high-grade infill drilling results provide additional confidence of both geological and grade continuity within the existing resource shell. This supports the delivery of an Indicated Mineral Resource estimate in the South East Crescent Zone and adjacent Breccia Zones.
*MRE(Inferred):
North West Crescent and Northern Breccia: The Growth Drilling programme will initially focus on the North West Crescent and Northern Breccia zone and is aimed at providing support for the potential expansion of the existing Inferred Mineral Resource.
*hxxps://polaris.brighterir.com/public/greatland_gold/news/rns/story/xeqo0ox

In the case of the Indicated MRE (SE crescent and breccias) – and with thanks to our resident geologist (Bamps) offline, it has been suggested that the later this MRE is reported, the more value it will afford the PFS in September. So I have moved this to Q3/21.

In the case of the Inferred MRE (NW crescent and northern breccias) – it is estimated that only 20,000m drilling will be reported on Wednesday evening. The remaining 45,000m of growth drilling won’t be completed until later in the year. So I have also moved this to Q3/21.

But as we all know, NSM/GGP continue to surprise us. The PFS has been brought fwd to September. The box cut was completed a month ahead of schedule. Byrnecut are digging at well above average rates (I estimate atleast 200m of decline progress will be reported on wednesday).
Will an MRE (2)(Inferred) be announced by GGP on Thursday?

Tbc……230;…………….

Z

zoros1
07/6/2021
13:22
Roadmap:

Q2/21. Refined and remodelled drill testing @ Scallywag (Swan / Teach / Architeuthis).
04/21. Juri JV drilling commences (Goliath / Outamind / Los Diablos / Parlay).
NCM invests $3m over first 2 yrs. $17m over following 3 yrs.
04/21. Rigs at Paterson Range East and Black Hills. (Tama, N5,A9).
05/21. [Exploration decline commences. 420m deep / 3km long].
09/06/21. NCM Interim report.
06/21. GDXJ quarterly rebalance. .
22/07/21. NCM June quarterly results.
11/08/21. MSCI quarterly Index Review (effective 01/09/21).
19/08/21. NCM full yearly results.
Q3/21. MRE(2)(Inferred) for NW Crescent and adjacent Northern Breccia zone.
Q3/21. MRE(Indicated) for SE Crescent and adjacent Breccia zones.
[hxxps://polaris.brighterir.com/public/greatland_gold/news/rns/story/xeqo0ox].
09/21. NCM Interim report.
09/21. GDXJ quarterly rebalance.
Q3/21. Possible admission to GDX?
Q3/21. Havieron PFS. (On completion, NCM will own 70% Hav).
28/10/21. NCM September quarterly results.
11/11/21. MSCI quarterly Index Review (effective 01/12/21).
26/11/21. Firetower/Warrentinna mining rights expire.
H2/21. Drilling programme commences – Rudall.
12/21. GDXJ quarterly rebalance. .
12/21. Option for NCM to take over management @ Juri JV.
09/02/22. MSCI quarterly index review(effective 01/03/22).
Q1/22. Exploration decline and ventilation shafts complete. (@ est rate of: 350m/month).
Q2/22. Stoping (2M tonnes/yr) commences @ main ore body.
12/05/22. MSCI quarterly index review(effective 01/06/22).
Q2/22. First pour? High grade, low output. (Possibly mixed with existing Telfer grades).
Q3/22. F.S. Decision to bulk mine (as a JV) to be made by NCM and GGP.
08/07/22. Bromus mining rights expire.
11/08/22. MSCI quarterly Index Review (effective 01/09/22).
Q3/22. SLC decline commences. [1200m deep / 8km long @ 350m/month][22 months].
10/11/22. MSCI quarterly index review (effective 01/12/22).
01/11/23. Panorama mining rights expire.
Q3/24. Bulk cave mine construction begins.
Q1/25. NCM may acquire additional 5% interest.
2028. Bulk mine production.

Z

zoros1
07/6/2021
08:07
You must assume these will be taken up, and will bring in money, if you did your research you knew this when you purchased the shares.

If they don't we each will own more of GGP

mikedon1946
05/6/2021
07:22
DW,
Yes, August.

Number of Warrants and Other Options In Issue
17,567,569 @ 2.5p (expire August 2021)

pr0t0n
04/6/2021
18:15
It would appear that no warrants have been exercised for the past two months. There are approximate 17.5 million left to exercise, before they expire sometime in August, I believe.
daddy warbucks
04/6/2021
12:09
Just bought in 20.07 seems too good to miss.
Think it might rise soon.

GLA

charlie9038
04/6/2021
10:20
I concur Bagpuss, proton is probably spot on!All should become clear in a few days time.... meanwhile we are stuck in Frustration City!
mrpiggy
04/6/2021
09:27
I think proton has it if you look back two posts
bagpuss67
04/6/2021
09:26
Well what the hell is going on with the price on GGP. Down almost 50% on its high of 38p, with no news of anything changing at Havieron!! The inter day price is dropped on minuscule trades and doesn't move on buys. Even when sells are above the bid the bid price drops. Can anybody shed any light for me please!! I am a lth and am a substantial amount up but am still bemused
seandonohoe
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