SP, page-495

On this forum there are posters who are more positive than others and others more negative which is ok, but it is always good to get all sides hence why I don't put anyone on ignore. At the end of the day, an investment decision is for investors and investors alone to make using own research.  How many shares people own is also of no relevance too me - it is the perspective they bring which counts if it is well researched.

IMO, whilst FA still remains ok here, the increased timelines, I am referring here now to TA analysis, has impacted SP over the last 4 months and right now what would bring confidence back here is meeting some of the stated timelines. The PFS needs to be delivered sooner rather than later if possible in this quarter given it was initially due in the 2nd quarter and to be blunt the market, like me, probably interpreted the 30 March Ann to mean more lithium results IMO, not REE (but that is fine but adds to the timeline issue in TA whether rightly or wrongly).   I posted as such previously: Post #: 26226672

The development window for new lithium greenfields developments is 3 years (2021) and closing and GPP need to get cracking on drilling, unless their real focus is OHD but as I said in another post the market is now anticipating a longer timeframe to realisation for OHD as well.   Given events last few weeks for lithum maybe that window has gone up now to a four to five year window (2022-2023)  for lithium given that a number of countries are saying they prefer to phase  out diesel and petrol vehicles for EV vehicles sooner rather than later (meaning future demand has been brought forward and any bringing forward of demand provides scope for other greenfields projects to enter the market before they are shut out of the market by the current brownfields projects expanding and any greenfields projects in production by then further ramping up production).

But, exploration at Morabisi has been going on at snail's pace - they need to do some drilling into the albite they have identified in trenching now but it just doesn't appear too me they are planning to do any drilling this side of Xmas.  And I have previously posted that the Phase 2 spend allocated for exploration by GPP seems insufficient too me, including in the attached post above and here Post #: 25892373.

My overall view remains as in this post from 31 July where I said (note the SP on the day of this post was 1.7c at time of posting) - see Post #: 26199456:
Certainly see  GPP as a bottom draw share at this point in time until these projects get a move on.  Posters here will need to decide if they intend buying on any future lows.  As I stated a few or so days back I have put any spare cash elsewhere at this stage - if I see progress I may buy a more here later on but not at this stage.   I still hold a partially free carried parcel here so can understand why some holders, who are now in losses, here are pretty well annoyed at what has happened here last two months.  Until timelines get locked in I think SP will stay roughly where it is, but IMO there is more downward pressure than upward pressure on SP I hate to admit here since missed timelines is something the market hates.

I am still positive on GPP but the delays are starting to test my patience.  Whilst there has been movement at the station since July (trenching) the question is whether that speed is sufficient.  The missed timelines on OHD (and note I treat a PFS and the renamed Commercial Study as the same thing as they are about viability) has made the market weary and whilst the trenching photos looked fine and the mention of albite got the heartbeat moving, only drilling will confirm one way or the other and so far a plan to drill hasn't been mentioned by GPP in Phase 2 ( see -Post #: 27748182) in that regard hence the market inaction here IMO when there are other lithium plays people are dabbling in with real drilling happening there.

Anyway people will get frustrated when they see SP drop  or news flow is slow - for investors it is your decision to hold or not or invest elsewhere.  The Ox may be slow,the Earth may be Patient but my VB will be drunk at lightning speed now.

All IMO