Greatland Gold Plc

0.56 (8.41%)
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 Shares Traded Last Trade
  0.56 8.41% 7.22 11,456,061 16:35:26
Bid Price Offer Price High Price Low Price Open Price
7.20 7.40 7.35 6.60 6.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gold Ores 0.00 -11.37 -0.30 - 365.95
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:26 UT 120,740 7.22 GBX

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Greatland Gold (GGP) Discussions and Chat

Greatland Gold Forums and Chat

Date Time Title Posts
27/5/202317:49Gervais Knew - The 6p Thread512
27/5/202315:12GREATLAND GOLD - CHARTS & NEWS29,429
25/5/202313:4450p anyone ??486
24/5/202312:53Can the Telfer plant be transported to Havieron70
18/5/202320:45Can GGP and partners buy Telfer from Newcrest?14

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Posted at 26/5/2023 12:43 by sincero1
dear oh dear the share price limps over 7 ( all gold shares are up today btw) and is struggling to stay there and the disingenuous rampers return ....share price was 9.4 just 2 weeks ago..ouch..

when it drops they will disappear again... it happens every single time doesn't it

Posted at 26/5/2023 12:06 by hydrogen1
Morning All, I have been emailing Shaun a few times over the last few days regarding feasibility study and updated MRE. Initial response re NCM MRE anticipated update on 17/08/23.

“It remains the strong preference of GGP to update the MRE together with NCM in the timeframe you outline. This remains my expectation.
If NCM were to deviate from this timeframe, then GGP would be inclined to unilaterally prepare and announce an MRE as was the case in March 2022 when similar occurred.

For good order, if GGP was to undertake this work independently, then we would seek independent review and assurance as was the case in March 2022; so the timing of such is not necessarily same date you describe below.”

I then followed up re FS and if it’s possible for GGP to prepare their own FS given the people we have recruited and experience attained from MRE update in March 2022. The response from Shaun:

“GGP prepared an updated mine plan when we delineated and released a JORC Reserve around the 5% option process.
GGP continues to spend time understanding and updating our knowledge on the ore body so this is possible with the team we have in place.
Again our preference is to approach everything in a join and constructive way with our partner, but we preserve the organisational capacity to undertake such a course of action.”

Posted at 25/5/2023 20:34 by lurker5
The LSE infighting over each lemming's theories is so amusing, when no one there has ever shown any interest (or ability) in the numbers that count for a share price - which if they had done would have warned further cash raises are coming.
I see even the guru Bamps around whose feet the faithful gather, who's steadfastly omitted to say anything about rocketing costs while giving us daily news on the decline and future resources, is now spouting income derived from the old feasibility study and a share price that ignores dilution and further costs to come. Says it all about his expertise where it counts. Ditto a few other grizzled miners who are obviously not grizzled economists or project managers / financiers / share analysts.

Posted at 24/5/2023 15:07 by mikedon1946
Your post just confirms that you did not and do not understand the investment. There is a wealth warning for investments and you must have seen it "you may not get your capital back"

I am surprised with so little knowledge that you know why the share price is struggling.

You state that your investment is down "by over 80%", this shows that you do not know what you are doing as today you would have had to have invested at the maximum point as a single investment to suffer such (paper)loses, not 2 years ago but about 2 and a half years ago under a different management.

Stop moaning and recognise your own mistakes, you made the investment not anyone on here or Shaun Day.

If you did invest in late 2020 or early 2021 the company you invested in had no idea of how to get to the position we are not and could have been taken out as they also had no means of raising the funds to get to production at Havieron although they had the commitment to spend the money, so when SD came into the business the company were heading towards insolvent.

A situation that has been rectified by SD who you in your ignorance blame for the current share price

Posted at 24/5/2023 10:36 by abrahe00

1. Boards don't control the share price; markets and mms do that:
A CEOs job is to deliver shreholder value and deal with these market forces. SD has clearly failed to convince the market of his long term game plan.

2. ??? That was a decision for Newcrest to make - not GGP:
Ah, blame the customer. So, if people don't buy your product, it's their fault!?

3. What about Scallywag what about; what about Rudall?
What about them? Scally is a dud. Rudall showed some promise but it's all gone very quiet.

4. The DFS comes from Newcrest. GGP could "go rogue" again; but prefer to work with their JV partner.:
GGP were reporting on the progress of the DFS quite happily with every update until it conviniently disappeared. There is still no date.

We can go on arguing. But, sadly, the ever sliding share price tells its own tale.


Posted at 23/5/2023 11:57 by hydrogen1
Fill your boots Ste, we know the game...

The objective being to load up to the max at these levels.
But You better do it fast becuase that window closes at some point soon.

If there is a raise, what if it's at a 20-30% premium?
It's been don many times on undervalued assets.
And we are not over valued as ad react comparison to the likes of Gold Road resources shows...

Take a look : Gold Road Resources proven and probable ore reserves today are directly comparable to GGP ie - 50% of Gruyere's 3.37mox = 1.685 net to GOR vs. GGP-Hav (0.3 x a 'present measly' 2.9moz AuEq) = 0.87moz net GGP

So essentially GOR have about 50% more gold than GGP. And surprise surprise their Mcap is AUD $1.96bn or £1bn which about 3x greater than GGPs at £364m, but wait!! - they also have £350m of plant built for the mine. (which we don't need to spend)

So as soon as we get the MRE and DFS upgrades here .... this will double or triple in line with valuations of comparable assets for mid tier Oz gold producers.

But wait, we could be way bigger than that very quickly as Telfer already producer 300koz

Targeting ordinary PIs to sell at the bottom with malicious falsehoods about unverified equity raises and the pathetic nasty 4p tactics of the multiID pro trolls - seems to be the score...

Oh well. IMO SWAG will deliver very soon. Image that... 300m of 1.5% copper :-)

Genuine holders and posters only please.


Posted at 16/5/2023 09:57 by lurker5
Highly amusing, as ever, to see the numpties scuttling about on the kiddy LSE board as the chopper anyone could see hovering above them, is starting to come down. The fact always was that 1) GGP is still far too expensive when compared with the inflated price NEM is paying for NCM and on every metric a professional would use to compare them. Its the same if you compare with already listed ASX miners. Meaning any GGP listing on ASX will be at a far lower price than now. 2) There is obviuos uncertainty how Havieron is playing out what with costs escalating faster than the gold price, meaning a new cash raise and share dilution was always likely. 3) Hopes that the next resource estimate will blow the doors off are sadly misplaced, when you look at the low density of new drilling compared with that which produced the existing resource. 4) Any hope that GGP can afford to buy the rest of Havieron (and Telfer) in any deal that would produce anything near the present share price are also sadly misplaced if you know anything at all about how such deals work. 5) Some of the mice over there are even coming out with opinions about the arch blusterer SD that are the same as I've stressed here a long time ago. You never know. Some of the mice might even start looking on here for advice. Don't expect Proton and the man from Zorro, et al, to have the guts (or the brain) to do so though.
Posted at 30/4/2023 07:32 by hydrogen1
Skyship: Correct the 'Spring' I described as the 'toe' down before the move up.

"The process of institutional accumulation may take a long time (sometimes a year or more) and involves purchasing shares at lower prices and checking advances in price with short sales. (recall the 500k sells? on good news days to tamp the GGP price) There are usually multiple STs during Phase B, as well as upthrust-type actions at the upper end of the TR. Overall, the large interests are net buyers of shares as the TR evolves, with the goal of acquiring as much of the remaining floating supply as possible. Institutional buying and selling imparts the characteristic up-and-down price action of the trading range.

Recall the 5m sells on both occasions when Shaun came to London? The first 20 mins before he speaks for the very first time to shareholders? All designed to hurt sentiment.

Posted at 28/4/2023 08:07 by teacup
Another way to look at it sincero1saracen3lurker is £1200 is valued at £160000 at present. Shares go up and down but those who can look longer term make the big money.

I suppose you would have called me a fool to hold onto GGP in 2017 when the share price went from 2p to 0.5p

I think I will stick with my own strategy here.

Over the last 8 years i have been here there have been lots like you that hang around for a few months giving financial advice and looking smug through short snapshots of time as the share price goes down.

I will be here when gold comes out of the ground, just like many of the institutions invested here, I doubt you will.

Posted at 13/4/2023 12:28 by lurker5
Mr Hydrogen and other happy clappies. I suggest you read Newcrest's latest 2022 R&A, and compare its resources, reserves, cash flow, and market cap following latest Newmont up-bid, with comparable stats for GGP's 30% of Hav. You'll see GGP is STILL market valued far more highly than even Newcrest, even assuming HAV'S EXPECTED exanded resource and mining rate. (If you bother to do the maths, that is)
And that is with Newcrest valued as a producing miner by another miner. They always value another mine more highly than does the market (its why bids always are at a substantial premium to market cap) - because they have different priorities - ie to keep their company and their jobs going. Outside (institutional) investors couldn't care less but only for a return on their shares, much faster than the (eg) 5% discount rate that GGP used to value Havieron because that's the return it will be satisfied with. Outside investors in risky mining shares require 12-20% (as their 'hurdle' rate) on which to calculate a NPV at a price they will pay. SXX was a lesson many pi's still haven't grasped. Its brokers and management trumpeted a NPV based share price not only on a too low discount rate, but taking in 55 years projected earnings, at which to raise its capex. The institutions rightly considered it nonsense and refused to go along with it, so the whole plan collapsed. The lesson is that insti's never go along with brokers' 'target price' puffs. Only pi's do (for a time until the insti's realistic prices prevail). There's much more could be said why GGP's shares are still vulnerable, including uncertainties over Newmont's priorities which like Newcrests are increasingly for copper and the effect ballooning costs are having on all miners's economics. Hav will be at the bottom of priorites, but will be sold only on a miners' value whereas GGP will have to finance it with shares valued by a more scrooge-like market. - all a recipe for dilution and a lower GGP share price. Sorry ! Also take note that adjusting the stage one feasibility study for 30% higher costs (I konw its out of date but its a pointer to where things are going) requires gold at $2,300 to keep NPV the same. So who is going to be sure that level will hold in the future ? The fact is that copper is likely to be a better long term performer, which is why Newcrest is switching to it. If insti's want in to Hav they won't pay the current share price, although with all the uncertainties I'll bet they won't buy at all.

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