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“Thank you for your note and your ongoing support of GGP.
The share price performance has been disappointing, notwithstanding the improvements made in our core business in recent times. We are making meaningful progress with respect to Havieron's development and have strengthened our exploration portfolio, including through our new Rio Tinto Exploration farm-in that we announced in May 2023 and have already started drilling. We consider this a very high-quality tenement package with tremendous potential.
We continue to progress and focus on the ASX and AIM cross listing. Please understand that while we undertake this cross listing process we can only make public announcements and comments about aspects of it that have been determined.
We are very conscious of the need to update shareholders and I undertake to be in London at the earliest opportunity once GGP is in a position to provide an update which will be by RNS announcement. When in London I will prioritise engagement with existing shareholders and particularly our private investors.
In continuing to progress the cross listing, you should have confidence that we are doing so with our existing shareholder base in front of mind.
In respect of an updated Mineral Resource Estimate, our preference, as always, would be for NCM to provide these updates so this work could be done together, but GGP has the capacity to complete the resource estimate work ourselves and we will now progress this to conclusion (including technical review and an invitation for NCM review). As announced on Friday, we are targeting an updated MRE in the December 2023 quarter.”
Regards
Shaun Day
Managing Director
Woke up this morning to a reassuring reply from Shaun. I had emailed with my concerns regarding NCM and the mre update and the current share price performance. He seems positive & says he’s doing his best with shareholders in mind.
Could well be part of the plan or just lucky timing to hold off and let them in on the cheap. I’d rather just get it done, so we can all benefit from the rise after. Assuming we then put or foot on the gas and get all the info released.
Share price is so far holding ok. Few sharp drops but seems to be returning to the 7’s quick enough. I don’t think there is much left to try and bring it down. We’ve had the leaks and delays, what else can come? I’m thinking it good news from now.
Having a bit of time to digest what is happening, I’m still not overly happy and I did send my first ever email to ggp this morning to state that. But in reality, nothing is going to change and I will continue to avg. down as long as these prices remain. We’ll see what December brings and reassess from there.