Member Info for Bamps21

In a growing company consolidation is nothing to fear can give big increases in the share price .
Recent examples Croda started rising from £1.40 after a number of consolidations and buybacks ended up over £100 this year before falling back to £65.
Wolseley gave out a really complicated consolidation, I thought I would lose out and it doubled from £30 to £60
Cares milling we’re another one that doubled on consolidation.

Going to AIM companies who keep issuing shares like Cerp did and then consolidation then more shares. I should have got out earlier. These are the sort of shares to keep away from.

The move to the ASX will delay any consolidation thoughts.
Shaun is not likely to do that at the moment until after the warrants are issued.

Ggp I wouldn’t class in with most AIM shares, these new Board members haven’t come here to just show there face, they are top notch people with loads of contacts.
The growth story is about to begin.

I don’t know about Andrew Forrest but Elizabeth Gaines is tip top, Australian Business person of 2020
https://www.fmgl.com.au/about-fortescue/board-of-directors

See Mumbo you can’t spot his mistake either just goes to how much you know.

In his first 4 lines in his calculations, do you need a lead to point you to it

PasB you made a glaring mistake in your first 4 lines and can’t find it .
It shows you haven’t done much research are just here to instil doubt.
I’ve done my calculations on previous posts I don’t need to justify them to you, especially when you are playing with peoples doubt.
You are not doing as well as Biggles

PasB
Didn’t find your glaring mistake then.
Those estimates are from old data but they are all averaged out

Hi Damers
The copper is not included because it’s classed as a credit. The $840 AISC includes credits.
The fact is though Ggp have stated their average AISC is $643 not 840 and is lower than NCMs

The 2m ton mining plan used information from drilling with a cut off date of February 2021, some of those latest drills stemmed back to Nov 2020 that’s nearly 2 years old. Way out of date.
Figures based on this plan will mean absolutely nothing at this present time.
The 3m ton plan came from figures based on a cut off 9th Dec 21 with a lot of the information stemmed back as far as August.
This plan will certainly be superseded by the FS figures from this can only be guides.
More of the early years of the 3m ton plan can be gained from more high grade material found in the latest drilling at higher levels. This has the effect of reducing costs therefore lowering AISC figures.

These so called experts coming on here with a few posts to their name are only out to deceive .

PasB I’m not going to read passed your 4th line of calculations because you’ve made a spurious mistake.

I’ve asked you to read my posts on First Ore and you clearly don’t understand what is happening.
An average AISC can’t be used on the First Ore, every stope will have different AISC average depending on mineralisation.
The copper content on the first few stope tunnels have copper content as high as 10-12% the value is nearly equalling the gold.
When the Eastern front is opened up the averages take a dive as it makes its way through weak breccia to get at the sulphides this will bring down the combined average but still way higher than the average for the mine.
I’ve spent hours of research on the grades for each stope I can assure you that you are incorrect.

PasB you are not reading my post right I never said the average for the year would be 4% re read what I have stated and I have posted my revenues for that ore

Come on then PasB show us your calculations you’ve seen mine you talking a load of rubbish

Hi PasB
I’ve done my research and posted my thoughts on the first Ore many times.
Perhaps you should do some work on it instead of whining all the time

you lot have to step back in time a bit.
2015-16
Andrew Forester had a licence between BHP and Rio, they were both trying to screw him so he fought back now look last years profits hit $10bn.
He has a thing for these big guys walking over the juniors, this fund he’s set up counteracts what these big guys are doing.
Wyloo scuppered Newmont attempt in Canada and they eventually came back and bought at a much higher price.
I look on Wyloo as white knights they don’t want to run a mine when Ggp are more than capable now of doing that on there own

Hi VIkingS
The shorts went up again yesterday by nearly 1.5m.
I can’t understand why must be desperate now

Hi PasB
That is not a big question.
There is no way the high grade ore will run out before the 7 years is up.
In the SE crescent there is 35m tons of indicated reserves, this explained by SD yesterday is 10 months behind the drilling.
If you have been following my posts on the drilling you will see they have been expanding the high grade mining zones turning lower grade inferred into higher grade.
This additional tonnage could amount to another 50% increase in indicated tonnages.
Also as I’ve tried to explain previously the Northern corridor starts coming into the plan from the base of the 1st mining front extending the Life of the Mine.

35m tons with a 3 year life span is 11-12 years mine life
Another 50% increase to say 50m tons at 3m ton pa is around 17 years of removing high grade ore.
This doesn’t include picking out the Northern Pod or the newly infilled gap zone which will extend the mining zones further in high grade ore.
This is shaping up to being a 30 year SLOS operation.
In the meantime maybe within 10 years the Eastern Breccia bulk cave will have commenced running the 2 mines in tandem.

7 year debt will not be an issue.

Hi John
Your historical review of what happened is not telling the whole story, turned around to give a view that it was given away.
That is certainly not the case.
Newcrest invested heavily on the bases of 2 drills, resource unknown, a 6 years joint venture squashed into 2 years.
70% seems to be an industry average requirement for a Major to form a joint venture.
If we hadn’t gone for a joint venture we would have faced years of dilution and been unable to obtain debt and possible administration.
Antipa deal with Newcrest was not a good one compared to Ggp’s, with Newcrest .
Newcrest took 9% of Antipa from the start we would have been in a very weak position if they had 9% of Ggp during those 5% negotiations.
Where have you seen them giving away Royalties that’s not true.
The tolling charge according to Shaun was a great deal for Ggp

When Shaun was in London in July he said he was coming back to London in August to interview high calibre candidates for a board appointment.
Well the 3 new Board members are Australian.
Our Senior Director in London AB is moving to a non exec director position.
Could this new candidate be our new lead director in London leaving AB room to retire.

Hi Mark
The vent shaft they’ve installed looks like 2.5m-3m in diameter and has a metal ring at the top which I presume was installed all the way down through the soft ground.
A hoist could be anywhere between 4.5-6m in diameter depending on what type.

Hi archways
Looking forward to meeting you again, my lad will be there too who you met in the first Stroud meet.
The slide presentation went very well especially when I had them all laughing with my interpretation of the Eastern breccia at the side of the screen.
The need for a description of what the company publishes is clearly needed.

The 2m mine plan when released with the PFS was out of date practically straight away. In the same RNS an increase of 50% to 3m ton per annum was mentioned.
It’s this 3mt plan which will come with the Feasibility Study. The RNS does state 3m+ but I doubt the Decline will carry much more than the 3m.

What I’m hopeful for with this new mining plan is other means to retrieve ore to the surface. A normal conveyor decline is not really a good means at this stage.
A hoist or a vertical conveyor is the only way we would get to Sprotts estimate, either doubling or trebling the 3mt.
The speed the vent shaft went in makes terrific sense to put a shaft in for a hoist.
If they don’t put a hoist in the amount of ore that’s being found at the moment, acceleration of extraction will be restrictive.
A conveyor design needs to start from the base of the mine not the top, together with a crusher unit.