DOW down 1.65% @41,958. Is this the start of the roll over? - POG futures hitting $2735, and closing $2717 makes me think that we could be witnessing the beginning of the end of the greatest bubble of all time? All we need is a black swan to surface Monday and we are set!
@livinlavidabrok@soundenergyplc@Zeus_Capital This is a bottom drawer stock now, it will make money over the coming years, but it’s the new explorer drills set for 2025 which are the only near term SP drivers. To be honest I thought the deal completing would drive us to at least 4p. Not sure what the MMs wants here.
@GreatlandGold I would say the uk market is taking away from the Haverion decline comments today that there is either a problem de watering it or some other unknown issue you are still dealing with. Might be a good ideas to clearly state no such issues exits? SP down again today
Australia's Newest Gold Producer ⭐@GreatlandGold First Telfer gold poured under #GGP's ownership. Commercial production underway utilising both Telfer processing trains. On 8 December 2024, the first gold bars under Greatland ownership were poured at Telfer.
@shaun_day_ , commented: “Greatland’s first ever gold production at Telfer is a wonderful milestone and a credit to our team. Equally importantly, we are delighted to have resumed dual train processing operations in line with our Telfer mine plan. The combination of a strong gold price and significant ore stockpiles at surface makes this a tremendous time to own the Telfer mine.”
https://t.co/IQCkXpsJWw via @Share_Talk
Great example of the current undervaluation in mining:
Greatland Gold (GGP) just completed buying the Teller Gold Mine from Newmont. Building a plant like Telfer, 4th largest gold mine in Australia would cost at least $2bln)
Why?
They made the huge Havieron gold-copper discovery right next door. It’s the second largest gold(copper) discovery in Australia.
(Almost as large as DeGrey’s Hemi discovery. Northern Start tries buying it for $3.2 bln)
So GGP owns assets (valued according to comparable) worth $5bln
Today’s Market Capitalization is still sub $1bln
Telfer Mine: Value $2bln
Havieron Project: $3bln
(And huge land positions in the Paterson area)
Outlook:
They might see a revaluation when they will get a second listing (ASX-Sydney) in H1 2025, and Q1 numbers will start open some more eyes.
Disclaimer: GGP is our second largest position, we own almost 0.5% of Greatland Gold
@MacleodFinance Passed $2800 briefly this am, sitting $2794/5 atm. Keep expecting a huge pull back but it appears the market wants to give us more. Could we see $3000 for Christmas? I have been calling this since late August . Two stumbling blocks, budget today (small) and USA election (big )
@SaharasCharts There are so many hands in the silver pie, it makes me wonder if it will simply ignore all charts and trends and just run to its master bidding. The truth will only out once it is allowed a free market, which will happen soon once the China market starts setting the bid. #BRICS
@wmiddelkoop@MacleodFinance@ASchectman BRICS Finance junior ministers and head of central banks met yesterday and today. Might be the starting blocks for the rumour mill up to the 20/22 heads of state meeting.
Dilma Rousseff, former President of Brazil, is now the head of the “BRICS bank” and lives in Shanghai.
President Xi Jinping awarded her with Friendship Medal, the highest honor for non-citizens in China.