The weak hands will always sell on delay. If Newmont did not like what they found they would have walked! Would love to be a fly on the wall to see what is going on in the background! I will keep buying on any fall back.
Just out - Don't suppose the market will like it in the short term.
Further to the announcement of 17 November 2017, Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, would like to notify investors that that the Company now expects to be able to provide an update to the market regarding work completed by Newmont Exploration Pty Ltd ("Newmont") at the Ernest Giles project, under the agreement announced 16 May 2017, in early January 2018.
Newmont is currently evaluating the results of the Newmont surface sampling program on the Ernest Giles project.
Sorry Mav, - but have you no heart. What do you think it did to me ?????. I had to be resuscitated. And my calculator exploded.
xxxxM shares X £xx = my great , great , great grandchildren being filthy rich.
BUT- then you never know what might be due in the next 72 hours. I wont mind a partial resuscitation.
If one takes a glance at the LSE chat board on GGP ( just Google it ) it seems to get around 500 / 800 posts a day. Many of them tripe , but some excellent ones and lots of links to videos, CEO presentations, broker comments, etc. etc.
This board - ZERO.
Any reason ?
Strong opinions that we will be seeing some sort of info, RNS, events, happening next week.
Should be exciting.
Great news !!! ???
And the SP has responded immediately and positively. So it has to be good , and in advance of any Newmont decisions.
But what does it mean. I am not a mining engineer, nor expert in Gold. I am a dreamy investor with hopefully a sharp instinct for success.
Can any one provide, IN PLAIN AND UNDERSTANDABLE ENGLISH what this likely to mean......
..in terms of size of deposits
...in marketability terms. Is it another EG???
Would Newmont know all this and be likely to be interested??
Is this going to shoot the SP skywards ??
Has GPP moved up a notch as an explorer?
Where is it all going to end.??
The MMI and gravity survey results indicate that the Havieron target may be significantly larger than we previously expected. Results of both surveys suggest that historical drilling by Newcrest at Havieron may have only intersected a small part of a potentially large, north-west trending mineralised system that may extend for up to 1.5 kilometres. Moreover, certain pathfinder elements detected by the MMI survey support our view that Havieron is an Iron Oxide Copper Gold ("IOCG") system.
"We are very pleased with the gravity and MMI results at Havieron, and believe that these low-cost techniques can be deployed next year to screen the multiple prospective regional IOCG targets previously identified by Greatland (see announcement dated 17 August 2017.
Newmont could be examining the possibility of only taking part of EG that they have surveyed so far, leaving the rest for further exploration by GGP. And which Newmont might take on board at some future time. Area of EG is quite huge, as big as Essex County...another line of thought ?
If NM are considering making a signifficant investment they will need time. During this time a low / stable share price is also important. It might make more sense and be cheaper in the medium / long run to simply purchase GGP.
Buying sections of EG would increase the share price significantly over time and take quite a bit of time to administer. The competition would also step up
It seems from LSE site that at the AGM GH confirmed Newmont no longer have first dibs on Ernest Giles as the six months period has elapsed?
It does seem a little bit more likely to me now that they might not pursue their interest in this, as they are not exactly taking GGPs arm off at the neck in letting this deadline pass.
Also it would appear that when GGP finally receive the results from EG they will need NM to interpret them (conflict of interest there?), as the technology is so specific to NM (guess I should have known that).
Not feeling quite as confident as I was for the short term here as I was, I must admit. Hopefully its just misplaced pessimism though?
Did anyone on this BB attend the AGM this morning, and if so did the directors who were there appear to be upbeat?. I appreciate that they couldn't give out any unpublished information but do believe that a positive atmosphere and body language can often mean an awful lot.
I think we will be getting regular updates like this as other mining Companies want a slice of the cake having seen the potential at a level far greater than us. Certainly with Starvest they have an inside track having a Director on the GGP Board.
RNS like these are positive and help the share price hold and trickle up.
RNS Number : 9715X
Greatland Gold PLC
30 November 2017
30 November 2017
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).
Greatland Gold plc
("Greatland" or "the Company")
Notification of Holding
Greatland Gold plc (LON:GGP), the London Stock Exchange AIM listed precious and base metals exploration and development business, has received notification from Starvest plc (LON:SVE) that Starvest holds 85,000,000 shares in Greatland, representing 2.9% of the issued share capital of the Company. Starvest's percentage holding in the Company is now below 3% due to an increase in Greatland's issued share capital as a result of warrant conversions. Callum Baxter, Starvest's Chairman and CEO, is a director of Greatland.
Newmont purchase E.G. irrespective of what deal they ( GGP ) do with the other 6 prospect licences, GGP will be in receipt of a large sum of money. Assuming then that GGP retain whatever they calculate as their requirement to continue their work on the remaining licences over the next few years - say £50M or £100M, then the balance will be distributed to shareholders as a special dividend - 10p / 20p/ 30p/ .......50p per share. ( I guess )
We would then retain our existing shareholding at a similar SP to the present ( 27/11/2017 that is as the share may well escalate rapidly on news ) and just collect the cash divi.
And then wait for the next EG....... Panorama, Paterson ..... or whatever.
Is that what is expected to happen??? If not....what ?????
Maintained company production, cost and capital outlook for 2017; the refreshed longer term outlook is expected to be provided at Investor Day in December 2017....( date not known but likely around 13th Dec ??
This statement was not project specific in Newmont's news release but you would expect that they would want to have concluded any deal with GGP so they can include within their forecast - news would have been released prior of course in the usual way but it would enable them to include as well within their calendar year end summary for their shareholders. I have looked but can't find what the date is for their investor day- last year it was on the 13th. It would all tie in well with the 'few weeks' estimate from GGP for news that we have been given.
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