Member Info for bandit1

As far as I can see, II are not exempt and therefore should submit a DWT claim form for their block holdings to avoid individual shareholders submitting individual claims. I have sent details of the form to II just in case they were not aware!

Munchbox - I am also a little nervy at the moment and sold down a few dogs in the last month and took the hit, now with only 6 investments versus an average of 20 across many years. Thankfully I bought into GGP 2 years ago which is very exciting and also a great hedge as a gold explorer. As others have said I am very comfortable in RRE with a big chunk and look forward to hearing from AA as we emerge from the doldrums and businesses start to fire up their engines again. AA seems to be a tough cookie and I sense he will not throw away a very strong position in the sector lightly by taking unnecessary risks. We have yet to learn of the adverse commercial consequences for so many companies of lockdown and a low oil price and low demand but sadly there will be quite a few losers and those with deep pockets and short arms will probably prevail.

Munchbox - My concern is the US as all of their main markets are toppy IMO added to which the Trump China Sabre rattling could precipitate a big drop and UK always suffers. Like it or not despite the fact that average PE’s across all UK Exchanges are at a large discount to US we will fall as fast as the US. Irritating that when the US sneezes, we catch a cold but that is what happens. Regardless, if you are invested here with the time to wait for £20 + again, I am quite confident that we will see it again perhaps Not this year or next year but it doesn’t matter to me too much when it is but wouldn’t be disappointed if it arrived quicker than expected. People trading this will have a different set of tactics and nowt wrong with that as long as they keep it clean I have no problem with traders making a turn too.

I am also out after 2 painful years here. A sub-standard CEO with a bad cough and juvenile presentation skills does not convince me that he has what it takes to deliver a pizza never mind a fully producing lithium mine. I take a large loss on the chin here and will move on to find companies with CEO’s who possess relevant skills in all areas, a significant stake and a CV of delivery rather than dither and delay! Good luck those on here who have been here for a couple of years or more, you have more patience than me.

NewKOTB - not convinced at all that he would entertain a modest £21 as that is not a knockout bid in my book with all the cash on the BS. Also, not so easy doing the same all over again. Just wave away modest bids If they ever transpire and keep looking for opportunities as RRE is a much better platform to grow from rather than to start all over again. Always important to remember that doing it again does not always end well just look at Parkmead which is proving that Tom Cross had his moment with Dana and his midas touch has left him IMO never to return It seems. I want AA to stay patient and I hope he doesn’t buy something just because the market may expect it.

I too have considered that a PE bid is just as likely as AA attempting to take the business private however I sense that AA would probably not enjoy being at the beck and call of a PE owner which, from personal experience, can be pretty uncomfortable as they want their pound of flesh multiplied many times over. My conclusion therefore is that unless any PE bid was knockout and he wanted to retire and not stick around I can’t see this happening either as AA would not answer to others IMO and indeed who would pay a knockout price in the O&G sector at this time? So, as much as I would like to double my money in 6 months or so the realistic outcome is for our share price to steadily move north in coming months with some correlation to Brent and to gradually close the valuation gap that is apparent looking at our our balance sheet. Of course, should RRE become the offeror of an attractive company at a good price then that is an entirely different matter as the slide rules will be busy again.

Dana- having spent some time working at The Takeover Panel ( on secondment) in a previous life when I had less grey hairs, I can say with a great deal of confidence that this sort of action would be exactly what The Panel would be all over like a rash. People like us and many others who are shareholders who would feel somewhat aggrieved would raise the alarm In short order and it would be investigated. I know that The Panel are often, rightly, criticized at times for not being tough enough but I have been involved in concert party investigations in the past and watched the Panel ruin the careers of those involved so a very high risk strategy with people who have a lot to lose, and yes, a lot to gain but they are of often spins and not people like Austin. I am also struggling to understand why we remain at these levels when it looks pretty clear that the OPEC plus countries are respecting the cuts and additional cuts will come from reduced wells, storage is slowly reducing and oil futures are less volatile etc. Puzzling yes but look at the share prices of many other companies across sectors and you could say the same. I will sit tight as I invested, thankfully, as it dropped below £12 and kept buying so I’m in a decent position. Austin will be agitated but if he wants to take the company private he will have to pay a fair price for it. Not convinced this is likely in the near term but will become more likely if we remain here after the world has emerged from lockdown and Brent moves above $40 and stays there. All IMO.

I have been invested here for a couple of years now and have always been chilled about the long term prospects. Yes, the drop as an exclusively property related stock is inevitable but with forward sales in the bag and no pressure on cash/balance sheet this is a steal at these levels. This share however is very much ‘under the radar’ with a low profile but they have a lot to shout about and I would like to see greater confidence from the CEO as it is justified. I live in Bath and know the new sites they will develop here and they are perfect for student/BTR within a trendy part of the City which is being developed from old industrial wasteland. Universities will return as education is everything and the demand for decent rental units remains unabated. This is a solid investment IMO on almost any measure at 148p.

the doors - seems that you watched a different interview to the one I watched!

LSE will have approached GH iMO to do this interview given the increasing interest in GGP from LSE users as well as the general excitement around gold stocks at the moment. Nice to create wider exposure to other investors who use LSE and who will be thinking about hedging their equity investments in other sectors with some gold related exposure. Important to highlight that if we can rely, broadly, on Hannam’s estimate that GGP’s 30% share of the decline and associated costs to shift the ore to Telfer of USD34m is a good starting point, our 5% fair market value would only require fair market value of Hav to be circa USD700m to fund our share of the capital costs fully which is rather cautious based on most forecasts So, GH is making some key statements here as an experienced negotiator that, unlike some small caps, GGP has a strong position either to continue to match NCM through to production by either using debt funding for the full costs should NCM/GGP fail to agree on fair value for the 5%, or to use the cash proceeds of the 5% sale to fund their share. So, NCM will have limited leverage and will offer a good price for the 5% or for the 30% depending on the MRE and FS outcome. GH is ensuring at each stage that they are putting the company in the strongest position possible. What more can we ask of an AIM CEO? Makes me think that my other AIM stocks should be dumped at the earliest opportunity.

At least 2 of the special advisers to Hannam worked at MacQuarie in the past and perhaps GH has a connection. Doesn’t matter one way or another but on reading their CV’s there is a lot of experience at Hannam To draw upon and they are well equipped to support GGP as required with any M&A support. For me, one of the most positive data points withIn their report was their estimate of the costs for the extraction from Havieron including a new road to truck the HG ore to Telfer. Only $34m US for GGP’s share assuming they retain 30% which could be funded in a blink of an eye. Whether or not GGP retain the 30% will be determined in the fullness of time but knowing that it would be relatively easy to fund this cost without diluting down to 25% gives GH a stronger negotiating position IMO.

Perhaps in your rule book Alaric but not in the grown-up rule book. Back to school methinks.

CEO’s of multi-billion $ companies are usually very careful in their choice of language and therefore are not to prone to exhorbitance without full and transparent justification due to oversight from BOD and compliance/legal teams. So, we can be relatively confident when SB says the sulphide zone contains 10x Telfer grades, the analysis from the cores and numbers evidences this. Does anyone know if there is any connection between Hannam and GGP, even loosely as I am curious to know why they chose GGP. The obvious answer is that it is one of the most exciting new prospects in Australia for some considerable time but just musing if they have any connections with those close to GGP or even NCM for that matter.

I am finding you lot incredibly amusing as you all post together in support of each other’s statements with a similar style ( apart from McLean ) and do your best to see off others so you can pat each other on the back. You behave like members of a public school investment club with humongous egos but probably enjoying little success in other walks of life which is why the chip on your shoulder is so damn large meaning that you can’t walk in a straight line. It is laughable even more so as SLE is one of my best performing stocks over the past 3 years and I banked another nice profit cashing a small portion of my holding earlier today. Thank-you OF for bailing Tosca out of a pickle you must feel grand! I look forward to making further gains here in months to come and watch other new investors come and go on here as a pointless exercise. As a parting comment, I bet you lot are a hit at parties.

So, ‘know it al’s’ theory is that the mighty Tosca Fund needs £20m so badly it sells a chunk just at the point of turnaround for SLE. The band played ‘ believe it if you’d like’. You really need to try harder than that - you clearly know a lot less than you think you do. Not complaining about the early rise but it will fall back so no need to get too excited just yet.

Well, no surprise there then and Tosca keep their head just above the 50% waterline. What is more important to know is why would they sell down at such a modest price at this time? Now, I have no appetite for musings from all and sundry or the resident know it all, but I do have the appetite to hear from SLE employees ( in disguise of course) who actually know the strategic rationale. Of course perhaps we may see another appearance from the Big Man himself talking to that highly acclaimed investment guru, Tom Winnifrith :-) or perhaps a Zoom session with Malcy?. The mind boggles but I will resist musing and simply sit back for the share price to tell us the answer.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/SLE/14536031.html

Indeed Condorlini as that would only get us to the latest conservative estimate of 12p value from Numis. It would be good to know the basis upon which Numis have calculated this price ie. Xm Oz so we could compare their assumptions with future worked drilling results. Some on here suggest they have read the NUMIS report but have chosen not to share which is of course their prerogative. Reality is however that longer term this does not matter as we can rely upon our dynamic duo to ensure that full value is attributed to what is down there when negotiations get dirty. It seems to me that the key to maximizing value here is proving a significant resource say 10m Oz, independently verified, at an average grade across the deposit of >1gt which would start to make headlines as they only come along every few years. All taking shape nicely despite the inevitable ups and downs as this is AIM and anything goes as we see day in, day out.

NCM will be fast -tracking the MRE in order to be able to shout about Havieron ‘officially’ . This is when serious investors will start to sit up and commit IMO. In the meantime sinking a few drills into Scallywag with the support of the indigenous people is a quite a big deal for life after Hav is bought by NCM.

https://www.proactiveinvestors.com.au/companies/news/919151/decline-in-major-gold-discoveries-over-the-last-decade-as-explorers-focus-on-known-deposits-919151.html

Magictrades - many thanks for this extremely informative and selfless teach-in on the geology within the Paterson province. It seems to me that in Calum Baxter we have a pretty shrewd geologist on board and with GH’s commercial and financial background we have a pretty formidable duo looking after shareholders interests. I felt that some of the negative comments about the presentation yesterday were reflective of ignorance and short term objectives but he knows better than anyone the potential that GGP is sitting on at Hav and adjacent tenements. Very much appreciated which will help me to interpret forthcoming reports better than previous ones!,

Just to be absolutely clear, no offer was made by RRE. They were contemplating an offer but it never materialized in the end. It was opportunistic and rightly, rebuffed in no uncertain terms. I say this, comfortably, as a RRE shareholder with similar investments in both companies although I am nursing a large paper loss here!. RRE are keen to acquire gas assets with their significant war chest but time will tell if they attempt a proper offer here. This is most certainly a medium ( 1-3 year) hold for me and with CalE’s presence, the BOD are pretty well protected on the face of it from any unwanted attention. CalE could step in and secure a deal if they felt that their plans to add value could be usurped by a new owner of the equity. I agree with others here that the recent update was good but sadly, notwithstanding this, little interest in IOG equity and retail investors IMO will look at CalE’s participation at project level and the block held by the Administrators, Smith and Williamson and LO and simply move onto more exciting opportunities of which there are quite a few around. Weird times in all financial markets these days so always hoping for a left field announcement to boost our ailing share price but failing that I will not sell a bean here any time soon.