Member Info for Bamps21

To the east of Panorama
Novo resources- Beatons Creek
https://novoresources.com/wp-content/uploads/2022/06/220629_Novo_AGM-Presentation_Final.pdf

Warrawoona
https://www.investi.com.au/api/announcements/cai/c264d8f6-010.pdf

Hi Jiffy
I don’t know whether this link will work to Westar.
There is a map showing other operators.
Great photo on Calidus presentation of the plant
https://hotcopper.com.au/threads/ann-opaline-well-exploration-update.6870751/

Neighbours around Panorama
Westar to the West
Novo to the East
Thor to the NE
Calidus to the North.

Shaun suggested in London about other joint ventures and one was very close to fruition.
His preference was with a producer.
Calidus has a processing plant at Warrawoona.

A merger with a neighbour, my favourite has to be Calidus but who knows what’s going to happen.

NCM have a list of assets just like Ggp.
They both prioritise their assets.
Havieron is at the top of Ggp’s list.

NCM’s prioritised order:-
Cadia
Lihir
Brucejack
Red Chris
Telfer
Havieron

Havieron is not earning any revenues at the moment
Cadia, Lihir, Telfer were all having problems
Red Chris and Bruce Jack were brought in to supplement the revenues

Havieron is still 18 months away from revenues of course it’s down the list.

NCM are a big conglomerate with share holders to keep happy. Havieron is nowhere near their top priority but give it a couple of years to production then let’s see where it is , more likely at the top.

Those emails sent to SB from Ggp shareholders were very unprofessional and uncalled for. He’s looking out for his own shareholders not others.

These conspiracy theories are just bunkum.

Hi Spades
I thought I was the only one here who doesn’t believe this conspiracy theory.
Well done with that post !

Hi Jiffy
I believe paper shares will be phased out next year some EU reg but need to check

Empty voting
“Due to the large market in borrowing and lending shares for various purposes, and due to the fact that the respective shares are entitled to the vote, the so called “over voting” phenomenon arises. This means that for the same number of shares a larger number of votes are registered, comparing to the actual number of shares. Most beneficial owners have no idea whether their shares have been lent to third parties by their custodian agents and as a result believe, wrongly, that they have the right to vote the lent shares held in their accounts. In the same time, the borrowers believe they have acquired the right to vote pertaining to the borrowed shares.
Moreover, borrowing shares immediately prior to a record date and repaying the shares immediately after the record date can be used by hedge funds or other type of investors to acquire a large number of voting rights at a small cost with practically no exposure.”
https://www.esma.europa.eu/file/9980/download?token=cycQ3hgT

Hi spades

The voting rights go with the shares, so if they are lent out so is the voting rights until the record date.
Most investors don’t realise their voting rights may be reduced if lent out

Hi Droverman
Yes they should concentrate on Scallywag first and they are.
What they are doing though is selective drilling and then analysis.
An RC hole first and then diamond drilling on one or two pads then 12 months or more of analysis.
Now they’ve moved on to Ramses where we have clearance, more than likely EG will slip further down the pecking order as Ramses could be a super target if it strikes.
A few holes in EG is probably needed to keep the licence so necessary.
Callum wants to stick 50 RC holes in Meadows he’s that keen on it, but he’s also keen on Ramses.
The 2 Tabletops are probably also higher in the pecking order.
Half a dozen holes is not that expensive with selective drilling and take 12 months to analyse.

Hi lookinggood
Still need native clearance probably drilling now in the spring.
3613 was called Maple I don’t know why it is referred to as Welstead Hill that name is the target at the top end of 2205.
Scroll down for the MMI plan and look for the purple rectangle at the top of 2205 that’s Welstead Hill
https://www.ggpchat.co.uk/viewtopic.php?t=209

Hi Sandgrounded
I don’t know which project your looking at but it’s certainly not what I’ve been seeing.
Drilling campaigns at EG used a sporadic type drilled in lines to define the boundaries this results in the end ones failing to hit mineralisation.
It’s such a big area they’ve only tickled it.
Callum told me there’s probably 2 five million oz anomalies at Meadows and Newmont found another to the north those 5km x1.5km strike length.
At Westwood in the east there’s an anomaly with a strike length of 9km x 3km with multiple gold anomalies .

More information here
https://www.ggpchat.co.uk/viewtopic.php?t=209&sid=e00c6b5270a3b448324aae6da2e45209

That’s what he said in London
He’s going from defensive to offensive.
Takeover my … !
I’m waiting for the fireworks:))

I’m looking forward to it getting to 22p

Hi Speedie
That won’t happen 30moz more like 40-50 years

I really can’t see this happening with NCM, they are in the middle of a production slump
Telfer was due to be finished by 2023, weak grades are just about keeping the lights on, decreasing commodity prices are threatening this operation.
Cadia is in the middle of a transition from one section to another, full production expected 2025.
Lihir transition to different sections of the mine due to contaminates in the ore.
Walfi slow progress on approvals

Slow progress with Wilki jv

2 acquisitions Pretium and Red Chris to bolster reserves, huge sums being used for exploration and mining methods.

Shareholders rebelling on low dividend payments.

Havieron priority is down the list

No sign of them buying out other jv

With Telfer threatened with closure the chances of only finding 4moz at Havieron would not have saved Telfer and may have been seen as uneconomic at those depths.
HAD 005 was certainly not seen as a satellite drill hole, you’ve all seen that presentation over the weekend with that egg shape anomaly.

The uncertainties over Havieron and Telfer a couple of years back were the restricting factors on NCM taking the risk on spending too much before closing Telfer.

NCM seem to be regarding Ggp as a good working partnership and have allowed Ggp to keep management of the Juri jv due to their competence in exploration.
New high calibre staff at Ggp is augmenting the Havieron jv committee not hindering it.

Hi Blantyre
He just said that Sprott were not privy to company information.

Hi Canary
Shaun was asked about those shares .
He welcomes the Sprott report with open arms, it’s very good to have a leading mining broker in N America to issue such a report but they are not privileged with company information, so don’t take those shares as gospel same as the conveyor Decline. I’ve been thinking about it and the conveyor will only be useful at the lower stages of the SLOS maybe 10 years away and for the bulk caving

Mr Spoonkey that was from my point of view

Hi Mr EMC
I was stood 3’ from Shaun during that session and he was answering my question . I didn’t hear it either.