Member Info for antigua18

interesting in regard to shaun’s proactive interview this morning, andrew scott asks whether our future resource upgrade will feed into the feasibility study to which he replies “that is the intent”. how could he possibly know that if we’re going rogue on an update, after all we have little or no control of fs. could that be a slip up on shaun’s part or him telling us they have agreement, i have no doubt he’s being genuine in his answer.

it’s been chrystal clear that ncm have no interest in helping us in anyway as demonstrated by their behaviour in the last couple of years. unless of co**** he knows more than he’s letting on.

Growth drilling was completed months ago, so no doubt in my mind that both parties know full well what an updated Resource would look like. To my knowledge there’s no more drilling until they get down to the target depth for underground exploration.

Most on here tell us repeatedly that companies are not allowed to withhold information from the market, in fact our resource is so far out of date now that it’s an absolute joke. So out of curiosity, how do they explain these events?

Also, let’s not forget the MRE wasn’t updated by NCM’s last year results either.

I thought about emailing GGP about my anger and frustration last night, but thought twice as they probably have enough on their hands at the moment trying to sort this mess.

Plenty of time down the line to vent when things become a little clearer.

How do we know Newmont aren’t behind all this. No resource update, No Fs, No DTM and absolutely no idea if and when they will be released, yet we could be pulling ore out early next year. Share price on its knees and being held, so it’s reasonable to think something going on behind the scenes, possibly someone accumulating? Literally everything being done to keep us low.

I know where you’re coming from SG, but trust is going fast, if we don’t give them a nip on the backside they will play games with the FS/DTM, especially as they won’t commit to a date.

Absolutely no reason not to update other than to damage us or our share price.

However this plays it’s not good for us and makes us look weak.

In my view NCM are technically misleading the market, since they say Jun 2023 gold copper ore reserves in todays report.

Time to go rogue over this, SD needs to make a statement to market to show dissatisfaction.

NCM are NOT acting in good faith!

Instead of pulling up Bamps every five minutes why don’t you put your questions to to the company directly.

More like it’s payback for SD and team winning the 5% battle, revenge if you like, for us doing an updated MRE. No getting away from the fact that ever since they have come across lukewarm on the project. My feeling is NCM are saying in effect GGP/Hav is Newmonts problem. I can’t see Newmont walking away from Telfer, way too much prospect in the area to throw it all away. Fresh slate and relationship reset when they takeover is my guess.

Apologies for the bad spelling 😂

The trouble is it’s all speculation, on both sides, yet it’s ok for the die hards to predict the future. If there is a possibility of a cash raise then everyone should have reservations until we know the detail and not throw blind faith just because SD is a nice guy. This is not a game after all, people have large sums invested here. Its not a negative against GGP, just a reality that sometimes things don’t go according to plan.

Sandgrounded is not one of those mischievous lot you speak of, but I agree there is crew working to sow discontent.

On your final point, I never said the board read this Lse chat, however SD may well read things on here occasionally to get the feel of things. What better place to here what winging shareholders have to say and is probably one reason why he’s keen to get more insto’s onboard. We’re a fickle bunch al said and done.

Sandgrounded raises some good points. This board is supposed to be a place of discussion and not one sided.

No investor should trust any company 100%, especially if so many are all in.

Also what’s all this recent bull recently with people saying go and talk to the company with your concerns. What exactly is the company going to disclose to a simple Pi, all you will get is a standard reply that basically says nothing.

If the company has no negatives going forward then why do so many seek to close down anyone who asks questions.

spades, you and many others point out sd is not responsible for the share price and of co**** you’re completely right in regard to day to day fluctuations. however, when the company is looking to raise capital it’s his responsibility to make sure he gets the best outcome with as little dilution as possible. the potential fund raise has been left wide open and damaging to us given our share price and should be kicked into the long grass until the downward trend is reversed. it’s shareholders value he’s using to grease insto’s palms and doing it now is criminal in my view.

why can’t they wait until we have cash rolling in?

You can see SD’s dilemma, if control of the company is largely in Pi’s hands, then the company will always be in danger of takeover. Most of us have a price in mind to sell, where as insto’s are more likely to hang around for longer returns. Ggp and partners want to build a sizeable company and the blunt fact is we potentially stand in the way of that.

With our share price on its backside I would say there is no chance of us acquiring the the other 70%. It would be catastrophic in terms of dilution.

The good thing is it’s currently out of the question as Newmont haven’t completed the acquisition and will take the time to evaluate all its projects.

If it did happen down the line then I would only agree if our share price was substantially more than it is now.

There is a distinct possibility that GGP or someone close could be responsible for the share price drop. Sd is on record as saying he wants more institutions on board, which by definition means less Pi’s. What better way to change the balance with a falling price. The RNS and the leak could be one and the same. We are still an exploration company at present and failing to bring out a updated resource is damaging to our price on top of the cash raise, in my opinion.

The simple fact is that the potential cash raise issue is a car crash for us and leaves us wide open. The sad thing is the company doesn’t seem bothered either way.

Also, didn’t SD say he didn’t think there would need to be anymore dilution after the last one and that he would hope to use the asset if further cash was needed using banks.

I remember watching SD’s first interview when he took over and thinking it was painful and i had reservations for our future. Clearly, first impressions can be wrong as every interview since he’s been at the top of his game. His relaxed style is refreshing and he clearly enjoys communicating on where he sees the company going. He’s a smooth operator and very comfortable and confident chatting and taking questions from his shareholders.

Thanks to Liam and Shaun for the interview.

I think it may not be as clear cut as NCM exercising its right, as what choice do they have if we chose not to manage the Juri. If we were to continue then we could end up with only 25% if NCM met spending requirements.

Since we now have a new JV with Rio in which we could end up with a minimum of 51% and would be managers. The Juri JV was always a bad deal for us in my view, however, with the new deal negotiated by SD it has much better terms and it’s easy to see why we would drop the juri in favour of our new venture. We can’t explore everything at once and the BOD could have elected to concentrate on what gets more bang for our buck.

IMHO

Hi Archways, best wishes to you for what you’ve been through and yet to deal with, don’t think I’d have been able to cope with half the things you’ve suffered. A testament to your courage and strength of character.

If that’s what we need to get the price up then I’m all for it.

Personally, I think the AIM contagion is spreading, even FTSE 100 companies can get great results and the price drops these days, no rhyme or reason.