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I just hope the likes of Wyloo are not sh***ing on us, aided and abetted by the board.
They could be shorting the price and hoping the dewatering issue adds uncertainty for private investors to sell.
Another sxx could be in the making, with the BOD guaranteed places on takeover perhaps?
Wild claims, sandgrounded. Not on board with any of that.
Hi sandgrounded,
Greatland Gold has in fact transparently taken consideration that there might, or might appear to be circumstances where the Wyloo connection to some directors could be seen to possibly affect their judgement and commented accordingly in Corporate governance under Independence of directors section page 30.
https://greatlandgold.com/wp-content/uploads/2023/11/Greatland-2023-Annual-Report.pdf
Therefore I would conclude that should there ever be an offer by Wyloo to purchase Greatland Gold the board would have to be extremely confident they could justify and defend recommending the offer or any other action and not have a conflict of interest.
James, I respect your choice.
I look at both positives and negatives. Nothing heard about the dewatering issue. It could be a means of appeasing Newmont shareholders to accept an agreed lower offer for Havieron/Telfer, but as I said on my earlier post, it could cause PI’s to sell up.
Someone is putting pressure on the sp. It would be wise to look at all possibilities.
Having said that, I am staying the course, to see what develops. Collect any evidence you can should this go t*ts up.
Way out of order S&G - get a grip. "aided and abetted " oh my.
I find the gold price interesting. I look prices up at least weekly. Because I have money in an unhedged producer. Similarly PM and Strategic Metals, though that one will not be producing for a few months, and then only initially at minimal capacity. Price affects the ability to raise cash if required. One must try to look ahead, long term as well as short unless trading is your thing. And all mining has its pit-holes.
Corporate action(s) here, which is what this is actually all about, may dictate a confirmation or resetting of holders’ relative positions, with long term obvious benefit arising from FCF and subsequent accretion. Nothing is nailed on.
Despite what Ortex may or may not say, I think, though it cannot be proved, ‘shorts’ at this stage are being confused with sells. There’s effectively no open short position to track, the one showing only at a tiny %. And it has already sold.
I think some look for boogiemen to blame when there’s none to be found.
Hardly out of order!
Shaun made it clear he wanted his insti buddies to get in, he neglected to mention the sp needs to be decimated for that to happen not that any ceo would do that, but I don’t trust Shaun at all anymore and until his mates have had their fill and the sp recovers I won’t trust him. He needs to earn the salary they’re paying him!! sandgrounded is correct
About time you sold up and moved on trip. Nothing personal but it sounds like you are not a happy camper.
And S&G is out of order and I am sure he can speak for himself.
Doesn’t that go against everything you’ve been espousing Trippy?
Anyway. That’s me done for the day here.
You can be annoyed with Shaun but still believe in ggp acechaser. Sure sandgrounded can talk for himself and so can a lot of other actual long term holders and we’ll sell up when we want. In no way is he out of order though, think you need to grow up a bit
Maybe another ‘Town Hall’ is required to appease the angry mob with their pitchforks.
Nothing to do with anything else I’ve said Pepsi, I just call you out for the carp you post everyday, still I invested very strange
Uninvested
Shaun Day CEO is doing an amazing job and has assembled a strong team.
I haven’t said that, I’ve said I don’t trust him that’s all, nothing wrong with the team or ggp, hopefully I’ll trust him again when he gets us out of this mess
S&G is only saying what many are considering. I’m so fed up seeing the share price at these levels. If the board are seriously considering going for the full Monty, then if they do any raise at these levels it would be criminal!
Should have added, imho
I expect that this is tax loss selling by a few PIs. Hence I bought yesterday and this morning, and I expect to be buying tomorrow and Friday too.
Sub 5p dear oh dear , silence from the board
"Sell up and move on" Standard answer to everything that casts doubt on the happy gang rose tinted rhetoric
NO , WTF should anyone sell at a loss, time for this amazing board of directors to do something and stop the rot
Shaun, if he is allowed to, needs to reignite the Australia listing to stop this free fall. It's all gone a bit quiet really.
GLA
Has Shaun gone away on his holiday, very quiet as if something is going off in the background.
Yeah, only the small issue of him and his team trying to acquire the further 70% of Havieron and possibly Telfer.
An ASX listing cannot happen until AFTER the Telfer/Hav situation is resolved.
As others have said, and I've seen it all before in my nearly 50 years of investing, it's clear that desperation is increasingly rattling some investors. Many will give up and sell. That's absolutely normal.
Sure, as a GGP investor for many years now, it's not a great picture right now, and I'm as frustrated as any, but, IMHO, this is a perfect time to invest, or top up.
I won't post quotes from Warren Buffett about the time to buy, but, what I do know, I'm sure, is that when the SP rockets up, as it inevitably will, later this year, we can expect the usual comments on here of "I just wish I'd bought at the ludicrously low sp when it was at XX"
"Risk & reward" has always been the case, with any mining, but especially exploration stock, and anyone investing without understanding that risk could be calssed an ignorant, sorry, but true!
You pays your money and you takes your choice, but, please stop moaning!
However, having said that, the moaners (de-rampers?), and we all know who they are, don't even seem to be investors in GGP anyway? So, after many months, ney years, of their posts on here, I still don;t get it!
Yeah, you'll know once something is agreed and the news will leak and the shorts will be told to close. In the meantime, down down down she goes.
GLA