Member Info for Bablake

SD
"we're going o be investing more in exploration in the next 12 months than we have previously in the history of Greatland Gold"
Fully on=board with that. I do have a question though, if anyone knows the answer...
$50million loan from Newcrest can only be used to support early works and growth drilling at Havieron.
I cannot find anything to suggest otherwise.
Hence my question, if the $50m is for Havieron activities only, where is the money going to come from to support 12 months of exploration, the likes of which Greatland Gold have never seen before?

Hey Spymaster,
me likes the look of this, particularly so with Sprott getting involved.
Fantastic entry point.
Sprott knows by now E79 is a takeover target.
Could be a nice earner either way.
Cheers Spy

Hey Bamps,
"Scallywag is between Havieron and Telfer
Any transport has to go through Scallywag.
It is a key player in this game, whatever happens in the near future with takeovers"

I like your thinking Bamps.
But just to be clear, what are you alluding to?
Not a trick question or an invite to cause an argument... You are one of 2 handfuls of posters I pay attention to,

Pretty clear to me. Bamps, Paddy, et al. Have furnished us with their take on the size of Hav. Massive as Bamp's would say, absolutely massive.
SD... as per Proactive questioning... take over would give a good shareholder return... with a premium (depends when you bought in of course)
As far as I am concerned the writing is on the wall.
Number one target for a buy out.

Gabe... for some time now, Boo has not been a worker for traders.

Yes Sanibel

Jerryspaniel...
Very good point you make....
"And a company doesn’t appoint a broker to ramp the sp in the first few weeks as it’s overriding requirement, as you seem to suggest."
Cannacord are miles ahead of Hannam's.
No evidence to support my assumption, but I suspect Roger "the lodger" Bell was responsible for the run away valuations of GGP. Me wonders why... a little research might reveal all?
This post is my drunken opinion, I have absolutely no evidence of Roger, or indeed his friends or relatives, having had and sub sequentially (so drunk, cant even spell it) sold holdings in GGP. I am drunk, nothing I have said in this post makes sense to me...
Trebles all round!!

Speedy, thank you for the clarification... I can now continue with the jigsaw and continue to hold your posts in high regard.

Chester, well said. If there is nothing new to report, what is he to do?
Regurgitate old hash and make a fool of himself?

Jerry, I do concede. My error. 4 billion.
And Callum exercised.

Responses from those who know what they're talking about are most welcome. If those who have no idea what they are talking about wish to proffer their explanations, please feel free.
Callum exercised options on 14,000 000 at 2p per share. Take value was 21p (I believe)
On this, Callum will pay income tax on the difference between the market value (21p) and the exercise price (2p)
I'm guessing Callum earns more than £150k (not just being paid by GGP) so he's going to be paying 45% in tax?
From the exercise he would have cashed in circa £280k
After tax that would leave him with circa £154K unless, of course, he has done a Robbie Williams?
1. Why did he not exercise a lot sooner? I understand Callum is not a finance guy, but rather a geeky geologist (his words, not mine) Was it because an explosion in SP is coming our way? I don't know.
2. He has another 18,000 000 options ready for exercise. If he should exercise these any time soon it would, in my mind, support my assumption of an explosion in SP.
A previous poster whose name I can't recall (I do apologise) raised the point that perhaps the large offloading and stagnant SP was due to the release of 14m shares into the market around the 10th of June. Obviously a broker had taken all at once and staged the release in order to make the target profit. In the larger scheme of things this is miniscule considering there are 14 billion shares out there, but when volume is low it does enable price holding (within a range)

napthaman1
cheers mate, trebles all round me thinks?
Author(s) in my view knew what the truth was, and ran away with themselves!

All company presentations begin with a disclaimer. The disclaimer aims to protect a company from any legal action in relation to all forward looking statements made. However, there are caveats. Details of joint venture agreements, financial agreements etc. must be factual and true. Unknown entities and outcomes must be explicit in the wording.
I would therefore like to draw your attention to page 3 of Greatland Gold's presentation...
"Growing mining company operating in a low risk jurisdiction at the development stage of a
world class discovery and located near established infrastructure"
Google all legal advisories until your hearts content... A company has to be explicit, even in forward looking statements, when they make a claim or assumption.
Perhaps the authors have erred in not using the word "potential" when referring to the development of a WORLD CLASS DISCOVERY?
Game on...

Hi AJ225
yes, I use T212.
I am lead to believe that it all boils down to them not being a broker per se.
Rather, they search the best broker prices but make their money from going with the spread?
Would appreciate a definitive answer from someone who really understands this field though?

Hi Bamps21
Just a small point I can’t seem to get my head around, in one of your earlier posts, in conversation with one of your mining colleagues you said…
“Me
"All my calcs have based on 2.75 mainly because of the breccias, with an abundance of chalcopyrite in the sulphides I was hoping for 4.1-4.3 so at 5g/t would be fantastic.
Would this hardness of this HGZ have any detrimental effect on the plant?
I remember Jim06 talking about the hardness and having to mix softer rock with it"
Bamps, the mixing with softer rock? Having read and re-read your mining colleagues response, I still can’t work that one out?

25p to mid 30's were, in my opinion, PI's in the main? Fast train at the time, good few quid to be made?
These guys have been held down for a good few months, half a year or so.
As soon as each of these can level or take a pinch they will sell, when jumping on-board they did not envisage what was to happen.
I suspect we will bounce up and down quite rapidly between 25 - 35.
Once those holders have settled, it should be an upward journey.

Tallchap, you probs see a satellite view compared to most of us anyway?
I do apologise, couldn't resist.
But on that point, what would a satellite picture of Telfer tell us?

greenmile, word is, you're Beetham?
You must have a good few million £'s worth by now?
What's the end game?
Paying off defamation claims from Gemma perhaps?
It's coming mate!!

Southwesterner, great to hear from someone with actual experience.
There are a few guys on here who do their best, with an awful lot of research via google and spend, what must be an awful lot of time putting figures together. I am so appreciative of their efforts , but to get someone with actual first hand experience is the next level.
Many years ago I used to frequent a pool hall pretty much 5 nights a week, did so for about 6 years, in doing so I sort of saw myself as the owner, or at least protector. Realised my bo 77 ocks thinking after those 6 years.
Think thats what we have here now. Better pool players come in and the old timers don't like it!
What used to be the way of playing pool has changed.

Great night guys, here's to the next one!
Cheers, ATB.