Member Info for Bebeto

I thought that was a great presentation, there's been far too much ramping on this BB, as it's clear to see the future direction of GGP and it's assets with their Newcrest J/V partner.

We all know that this share is seriously undervalued and everyone is awaiting news with the overdue market correction to the shareprice.

It can and is likely too but that doesn't mean it does.

Kalgoorlie (world's largest deposit) is exactly the same grade as Ernest Giles.

There's a buyer for every sell, down today but overall trend is up and they'll be up & down days towards results.

The shareprice has faired better than I thought it would so far this week. Happy to hold for MRE and more.

Waiting for news is a bit of a drag but everyday is a day nearer good news.

Agree, my first buy-in here was at 3.65p which I sold at a loss, glad to re-buy in at this range and happy to hold.

Great plug for SNG, looking good so for results as the old lady was up for it.

Will pass that tomorrow and beyond.

We need an update to bring the shareprice up. We know the company is has loads of work on.

This is going Global media news.!

Looking at Newcrest "modus operandi" how they take 70% and control of all operations.

GGP can sell 5% (of Havieron) at fair market value, which will generate the necessary available funds to become a minority producer through J/V and all their Paterson projects being processed through Telfer.

I can see GGP, longer term would be worth far more than selling their percentage of Havieron.

Here's an interesting aeromagnetic comparison with Havieron that is visible, estimated to be 8M Oz of gold.

https://antipaminerals.com.au/wp-content/uploads/2019/08/2019-08-22.pdf

The answer could be found in Newcrest's March 2019 70% acquisition in Red Chris:

"Each party to the joint venture will contribute exploration and development expenditure according to its participating interest (Newcrest 70% and Imperial 30%). Dilution provisions apply if a party does not contribute to a program and budget."

GGP has a 5% at fair market value, this is also a provision for available funds to contribute.

I was thinking more for tax reasons.

I can't see a special dividend mainly because Newcrest will pay in installments.

I'm happy to hold, upside ratio 10 to 1 and higher here.

I'm an unintentional LTH, I bought in before Ernest Giles fiasco another " biggest find in recent times" and left this share at the back of my portfolio and now I've ended up with a extremely low average & mortgage free.

For a shareprice to rise, you need both LTH & STH. When the short term holders depart the shareprice always drifts.

Newcrest will now follow through with J/V