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Before end of February
I drifted off this board due to the rage (& share price) but see things have calmed down a bit lol - When are we expecting the MRE & 5% valuation? Cheers
I know for a fact MRE will be out first big jump in share price then our 5% valuation - happy days
Mumbo It is better to stay silent and be thought a fool (no replies please) than to speak thereby removing all doubt. I have to presume your posting by the heading however, for me, you became green a while ago. Stay Safe
I filtered MJ. It’s best to not waste time and effort reading their posts.
On the bright side, another day closer to the decision on FMV for the 5%. I am expecting something that is actually fair and the relationship between NCM and GGP so far indicates fairness.
I would advice people to read posts from bamps, hydro ,paddy for some time and it would give them an idea of how GGP is doing , may not be 100% accurate as we are all guessing somewhat ,but is a good indication of GGP progress.
Notrader,
Re: MJ, 'Your whole strategy seems to be to suggest that the 5% FMV figure will be significantly less than expected, and this will lead to a major decrease in the SP.
(Most Importantly as you have already pointed out re MJ)
'You have provided no reasoning to support this, and you admit that you don't have enough knowledge of the company or the industry to have an opinion worth paying attention to.'
Well Put Sir, will be interesting to see what MJ has to say about that don't you think!
In other words, MJ is a 'Chancer' a 5p per post Charlatan IMHO, plainly working for the 'Dark Side Shorts' :O)
MJ like John1970 must be so bored. They are time wasters here. There is a John1977 on GCAT who is just like John1970, likely to be the same,not worth worrying about, small fry and have filtered for convenience. Worth ignoring for these.
Viking
MJ - I'm signing off now, been a long day.
IF, you really want to understand what is going on with the 5% valuation and genuinely want to be brought up to the same speed as everyone else on here....but not in the full glare of their headlights, contact me @: zoros@mail.com.
I will respond.
Z
MJ - but you HAVE already told us what you think the valuation might be - you used figures of £50 - £100m. Later you use a figure of $80m. What you haven't done is provide any rationale as to how you consider those figures to be likely, or even possible. When posters have responded to your request for their estimates, you have no problem criticising them and their assumptions. Your whole strategy seems to be to suggest that the 5% FMV figure will be significantly less than expected, and this will lead to a major decrease in the SP. You have provided no reasoning to support this, and you admit that you don't have enough knowledge of the company or the industry to have an opinion worth paying attention to.
notrader - I DONT KNOW!!! Its the very reason I got this discussion going in the first place. I have no industry experience or otherwise. I am just asking straight forward and very simple questions.
The 5% will set the value for the remaining 25%, a point in time in Feb. If the value is low, the SP has to go down. If the value is high and current mcap is lower than similarly, the SP has to rerate higher.
I have given my figures in the other thread for what I believe how it will likely play out based on the money they get. If you think it will be higher.... please say why.
MJ - I ask you again - In your considered opinion what is the likely valuation for the 5%?
No. he's called out someone and then ran away screaming and shouting when it got tough.
@Mumbo Jumbo - I think he has:
Subsequently - I have declared you an honourable 'twunt' forthwith. Congratulations.
If you are going to call someone out then at least respond appropriately.
If upgraded resource isn't going to be used then what valuation for the 5%?
MJ, I quote:
"...Bear in mind that the next resource update will not come till towards the end of the year. It is a long time to wait for the SP to break this ceiling. Even then you are relying on exploration upside to lift the share price. Nothing is guranteed.
What if MRE2 is not used? How much will NCM pay then?..."
Says it all doesn't it,
first you can't be bothered to find my post, second, you therefore haven't read it , third you offer up incorrect figures and then this:
"next resource update,,,end of year? WTF?
"you are relying on exploration upside "
"what if MRE2 is not used"
I think you'll agree that you have absolutely no understanding of the company or the arrangements currently being undertaken.
How can you come on here and comment the way you do when you have NO idea?
Subsequently - I have declared you an honourable 'twunt' forthwith. Congratulations.
Z
Mumbo jumbo .. do a bit of research . We have only used $20m of the loaned $50m, why would the updated MRE not be used, you are trying to sow doubt with nothing to back it up . Come back when you can !
Not sure which post you are referring to but the jist of your posts are :
- The resource estimate is out of date and MRE2 will be used.
- Will go from £16 million in bank to £100 million in bank and make them cash rich.
The second point, I presume is net after the $50 million (£37 million) is paid. So altogether, you are suggesting that they will receive £121 million (84+37) for the 5% which is equivalent to $165 million.
The value you put even after MRE2, it just about supports the current mcap of £600 million!! Bear in mind that the next resource update will not come till towards the end of the year. It is a long time to wait for the SP to break this ceiling. Even then you are relying on exploration upside to lift the share price. Nothing is guranteed.
What if MRE2 is not used? How much will NCM pay then? Going by your valuation, the SP will see an immediate heavy decline.
Zoros - will read it now, I don't filter people.
Do you really expect a quality response to your calculations from MJ Zoros? I hope your calculations are better than your assessment of posters like MJ and time will tell!! Thanks for the calcs.
MJ - have you filtered me ;)
Z
Care to comment about my valuation, please?
Z