Member Info for antigua18

Apologies £30 mill not £120mill

It was a fund that announced earlier in the week they were going to buy at the end of play today £120+ million of shares. Mm’s took it down to rinse the weak and fill the order.
Shocking that they can get away with it.

How can we be sure some of the creditors aren’t holding out for more.

Wish I could find more companies like GGP that don’t know what they are doing, as clearly it seems to be working. Lol

“Wots the plan”...............is it not obvious, FIND MORE GOLD!

In your view Mercman, where do you think our share price should be now excluding any GDXJ uplift. Based purely on what we know is in the ground so far?

Depends how you read it. Is it a tax allowance or a tax credit?

Taken from Jan 2015 trading update:

Cash spend to 31 December on the Solan project stood at $1.4 billion. Premier is funding partner Chrysaor’s share of capex in return for 100 per cent of the field’s cash flows once on-stream until the loan and interest has been repaid. Meanwhile, Premier continues to work with Chrysaor over the partial refinancing and/or sale of the loan to Chrysaor. As at 31 December, the outstanding loan and interest stood at $547 million.

If memory serves me didn’t we bail Chrysaor out on Solan. Massive mistake in hindsight since that’s where the majority of our troubles started.

I’ve wondered that but have now come to the conclusion that they need to secure the 70% as per JV and can’t jeopardise that as any offer could be hijacked by others.

Just imagine what would happen to the share price tomorrow if he were to announce visual mineralisation on any Scally core samples.

So much doom and gloom in the markets yet Greatland continues its steady rise.
Long may it continue :-)

Happy days if it’s near 10 for starters.

Agreed Mercman, MRE would be a perfect time for NCM to make a move. However as the share price has risen so well in anticipation of the MRE it wouldn’t surprise me if it pulled back hard for a short time as people sell on the news. Some Short sighted may be disappointed that it’s not at least 10moz

Question, if the MRE is between 5-7mil oz then what will happen to the share price upon announcement ? Anyone care to guess.

No way will NCM allow another major a foot in the door. Either another JV or buyout if we hit the grades in Scally. IMHO

Agreed, but not setting a price he has handed shorters etc a gift horse. It’s the uncertainty that’s causing this mess and until we know it will continue. Once the price is set then everyone that sold can reinvest should they choose.

Goodman, are you serious? “ Anyone blaming TD are just as guilty for the share dropping further“
So it’s nothing to do with the massive dilution and TD presiding over the mess of no equity price.
Instead we should all be applauding how well he has done. Lol

Unfortunately there isn’t much we can do. I can’t see Pmo choosing this coarse other than the asset purchase. Raising extra cash to pay down debt is bizarre for such a small amount considering the dilution it will bring. Therefore in my view this was forced on the company to illicit the share price collapse In order for creditors to extract the maximum amount of profit. All the hallmarks of Arcm I would say.

I would add that there will be money to be made But only once we know what the offer price will be. Timing is everything as ever assuming they can get the deal over the line.
GLA