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I think each PI will have their own buy out price that would be acceptable to them as an individual; that price would be influenced by such factors as their personal (financial) circumstances at that time, stage of life reached, but perhaps the biggest influencer in my view would naturally be the point at which they joined the GGP journey.
As someone who bought the majority of their holding in the early part of 2017 I would anticipate my expectations would be far lower than someone say who only bought in the last 12-18 months?
Also think when it comes to the crunch, what people say they (think) they would do and what they would actually do, when faced with a buy out price/vote to weigh up, is likely to be markedly different.
That said, I don't see any T/O being a likely scenario in the foreseeable future so it's a moot point. If it's going to happen it won't be for at least 2 to 3 yrs imo.
Generally the nominee account holder will notify you when there is a vote due on any of your holdings. That's certainly the case with mine, interactive investor, through the portfolio corporate actions & voting mailbox. You may have to opt in though.
WelshFalcon - thanks for that post - I have logged in to my HL account - so cannot be setup to be recurring - needs to be done for every AGM or Extraordinary meeting. Text below, and as you say would need to be done well in advance, you can instruct by secure message.
2If you wish to attend a meeting and vote you can be appointed as a proxy by Hargreaves Lansdown Nominees Limited and attend and vote in respect of your holding held on your behalf by Hargreaves Lansdown Nominees Limited. A request to be appointed proxy can be sent to Hargreaves Lansdown by secure message or post. Please note, 5 business days' notice in advance of the date of the meeting is required in order to vote/attend. Alternatively, if you wish to vote without attending the meeting you can send (by secure message or post) a voting instruction to Hargreaves Lansdown and your vote will be forwarded to the company."
IMHO, anything that, in some way at least, helps investors and potential investors understand the mining process, from concept to depletion, is useful, because I continue to be amazed at some people who are, yet are clueless about the very large amount of time involved.
Regarding our own Havieron project, you don't only have to believe me, that this has been, and will continue to be, built at breakneck speed! Sadly, some just don't get it!
Never mind the Price – feel the Volume
Good thinking Coinstarx,
The 3 Month Greatland Gold Share Graph above is shown for a good reason and can be a big help.
It indicates that there may well be a price movement but not the direction.
Last week -
Wednesday – volume - 11,000,000
Thursday – volume - 59,000,000
Friday – volume - 78,000,000
With news next week some big companies could be making deals of 10,000,000 shares a pop.
We will soon know,
Good luck to all.
I reluctantly surrendered to Mr.Lassonde as well.
If only he’d not been so diligent in his work and come up with the rise/plateau/rise instead.
Suppose it doesn’t have the same ring to it.
No matter we’re here now.
After 40 years of investing in various markets, I have never been a believer / fan of charting theories.
Again, after being here for 4 months and learning about "the lassonde curve" I thought , well that's not charting really, it makes complete sense and is quite clearly a pattern that has been repeated many times.
Using LSE this morning I brought up a 3 year chart and the pattern it made was almost identical to the shape which is produced on all information about the curve.
If my eyes do not deceive me, with a small continued rise we will be clearly in the "Finance resolved and Institutions arrive section" and the aftermath of these events is usually quite exciting.
All the best.
Let’s hope so Rex
I like SD and what he has been doing so far
Yes, a great find.
But preceding Rio and NCM/GGP, the day starts with WA director of geoscience discussing the development of the Paterson Orogen.
Looks like an interesting region,no?
Thanks, MF11.
Of course every vote counts. You get to vote by number of shares. (one share counts as one, 1m shares counts as 1m). Why would you even think "Would we be heard and our votes counted. Even those with small pots if collected together would meet the criteria for a vote. Would they not"?
Most (the vast majority) of PIs will hold their shares through a nominee (whoever runs your SIPP/ISA etc.). You can request to vote on your own behalf, but if you do nothing your nominee would normally vote (on your behalf) in accordance with the BOD recommendation or may simply abstain (you need to check with then what their terms say).
Remember, that if you want to vote, you must do so on each account you hold with your provider. I have an ISA, a SIPP and an investment account. I will need to issue instructions for each account that holds GGP shares (all of them do).
Thanks for sharing MF11.
It's also interesting to see that Rio are going to be presenting about the Winu-Ngapakarra copper-gold deposit, as they've generally been very secretive about it to date.
An increasing amount going on for us over the next couple of months. In fact surely the busiest for us ever!
GLA!
Womo,
Yes, you are correct.
Rex
Sorry! Their behalf.
Understand your concern there TallChap - but Shaun Day is the CEO of GGP, (Captain of his own aircraft carrier!). To have the CFO job at NC would be a demotion.
I think it'll be fine :)
Rex
DjFWatty, as far as I am aware many PI's shares will be held by/in Nominee accounts.
Should it come to a vote on any major items then PI's need to contact their trading platform and instruct them that they want to personally vote. Otherwise the Nominee will vote on thire beg=half.
Hope I have got that right...
First buy 500k at 0.54p so “I” certainly was and still am here!
This is the only thing that is a bit worrying
That the CFO for Newcrest announced his retirement in May, to finish in Jan 22 and as far as I can see no announcement of replacement yet ?
https://www.newcrest.com/sites/default/files/2021-05/210505_Senior%20Management%20Announcement%20-%20Finance%20Director%20%26%20CFO%20to%20retire%20-%20Market%20Release.pdf
Shaun is a former CFO so if they did take over GGP no prizes for guessing who will get CFO job ?
Be nice to see the new CFO announcement with someone else’s name on it ASAP
Every bit of exposure that gets the message out there should be beneficial towards future share price. Thanks for the info.
GLA
IMO the discussion over the week end could be ‘in the wind’, as us investors hold so many percentage of GGP.
However there are a number of us who have large amounts, some less than 1 mil and some of us with much smaller pots. But we are all in the same boat looking forward to a big increase, in my case, to shares worth hopefully £2 at some point in the future. A year, two or three. But I do not want to loose them to the greedies I can wait.
Given there maybe at some point, some shannagins by outsiders wanting a piece of the cake and hoovering up shares to get a vote. A question.
If all Ggp pi investors turn and say NO as a collective to a T/O. Would we be heard and our votes counted. Even those with small pots if collected together would meet the criteria for a vote. Would they not. That’s what happened in the u.s when they put the squeeze on snorters. Was done collectively. Excuse the predictive text. Was going to correct then thought. No.
Any answers?
Newcrest / Greatland have a prime spot to discuss the Havieron discovery.
https://www.newgengold.com/programme/
Greenhighlander are you a fisherman perhaps....just curious....salmon your passion
Yep. Since before EG. I remember when my dream price was 8.5p :-). Then I had my eyes opened a bit wider by some knowledgeable posters on here….
Just to add, so far the private retail investor owns a great chunk of GGP as Hydrogen has already alluded to.
Will be good to get the next BT update :O)
Re SD will not sell out?
The one and only way any outside company is going to successfully win a bid for Havieron is simply by buying NCM at the end of the day given NCM's almost complete 70% acquisition.
Would GGP be able to stop that now at such a juncture? anwser NO!, but GGP would still retain a 25-30% interest in Havieron no matter whom might win such a battle unless of course GGP were to be taken over in full and that's out of the question IMHO unless they offer us the private retail sector some serious Wonga, IMHO.
What is serious WONGA ? well lets just say £1.50 plus per share?