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Oh dear, not really Trippy, there is a definitive factual answer, just that the usual suspects don't like it. Why don't folk take a peek at the previous TR-1 notification on 7th? As Osaka said "the obligation is to report when dropping under 3%, thereafter as long as you're under 3% you can bounce around trading in that range without reporting." UBS reported holding as zero, which means zero. They've been flushed through. Simples. Getting the basics under your belt does help.

Redirons, I understand you won’t see this as bizarrely you’ve relegated me to Room 101 with the rest of the trash (really, how old are you?), but why the predictable nasty and sanctimonious response? It appears to be your MO. I thought you’d morphed into TomE with all that shouting. No doubt you got a warm glowing feeling inside when you saw how well received your response was. Go team Redirons.

You assume, however, I similarly measure my self-worth by tick ups received on an anonymous chat board and am envious of those Bamps gets? I can confirm I don’t and I’m not. I have no need to wonder why he gets them, I know, it’s not rocket science. Confirmation bias, pure and simple. People like what he has to say because it supports what they need and want to hear. If folk were brutally honest, 99% would admit they don’t have a scooby doo what Bamps is on about on a technical level, but take comfort from the upbeat tone. This is why such aggressive discord emanates from the usual crew when anyone, in this latest case Malva & StarBright, point out concisely and politely, with evidence, why something is incorrect. The difference between being fully funded or having a pathway to being fully funded may be seen as some to be semantics, however, the difference is crucial to understand, as are the parameters within said pathway. I absolutely acknowledge Bamps put lots of effort into his analysis and is selfless in sharing it, as he has with others shares, which is to be applauded, however, on several occasions he has been wrong, it happens. I remember when he was wishing the company would ‘catch up’ with his analysis and someone popped up to ask if anyone had emailed Shaun to ensure he was aware of Bamps latest assertions. I spat my tea out. No one on this board knows as much, and certainly not more, than the management team, nor do they have their skills, experience or expertise. Open and honest debate should be encouraged, and is by those who are secure in themselves and their investments. It widens the knowledge bank.

This obsession of yours and others that you can’t chat on a chat board unless you hold the same viewpoint as the majority, or that an opinion only holds weight if you have been been invested since a specific point in time, which additionally must correlate to when you signed up to LSE, is plain silly. As are the repeated suggestions that anyone not in agreement must be a shorter who is desperately trying to prize your shares away so as to get a lower entry point. Really?

For info, I invested in 2016, long before many here, and have been on LSE since 2017. I’ve made life changing (Shaun would say eye watering) sums from the share, which have been realised. I am invested.

Coming back to the last sentence of my initial post on this thread, I will try to explain what I mean.

'I do suspect, however, an element of history might be about to repeat itself.'

Those who were around will remember the excitement of those first drill results from Havieron in Nov 2018 to include HAD005, and the increased excitement when we entered into the JV with Newcrest in Mar 2019. The SP at that time until towards the end of Jan 2020 remained under 3p, with substantially less shares in issue than now. That was the time for Newcrest to buy GGP out had they wished to, as apart from a slight retrace at one point the SP continued to climb with increasing shares in issue until it reached the ALT. They didn't, the rest we know is history and each of us will take a view on what has gone on since.

As I said previously and all conjecture, exciting times appear to be here again and I suspect that Newmont will try to buy GGP and/or Havieron out in the short term IF the SP remains below their target price. Knowing what place rumour, momentum and sentiment has on AIM (just look at the last week), I believe this could present an opportunity for those looking to exit sooner with reasonable returns from the recent lows, rather than waiting for larger returns over the longer term. If it's not an offer that is accepted, timing will be everything. If the SP overshoots what Newmont is willing to pay or any offer is rejected, then GGP will be at the mercy of what comes next. Of course whatever this proves to be could eventually be hugely rewarding, but it will take time to know and time to implement. As we know the unknown can be unsettling for both the individual and the market. In this scenario I believe the SP is likely to retrace from any uplift associated with a possible Newmont buyout and become dependent again on key milestones which are mapped out, with 'speed bumps' to be expected along the way. An earlier exit opportunity could then be lost.

I am sure I could have written this more directly/succinctly, but it's late and I too have had a drink. Plus, the board appears to have been largely enjoyable today and I don't want to upset any regulars. ;-)

Just jumping in here before returning to the last thread I posted on regarding Starvest, to answer a couple of queries.

Whilst I am interested in the timing of the proposed cancellation of Starvest on AIM in relation to Callum, I don't personally think there is any correlation between that and the recent uplift in our SP. Whilst some might consider Starvest a big professional investment company, it really isn't. It comprises Callum, Mark and Gemma and currently has a market cap of 5.83m, to include the significant uplift since announcing the proposed cancellation. It has investments in 8 or so companies, with GGP representing by far the largest return. There has been good reason to liquidate the company for some time now and Mark pointed to a paragraph in the half yearly 2022 report to suggest it might have been in the pipeline for some time. However, in several releases further to this one many of their investments and in particular GGP have been written up in extremely positive terms, due to all the impending news expected. So I still ask why now?

I also think it important that people differentiate between the personal shares Callum owns arrived at directly from GGP, and those he owns through Starvest. Whilst he is a great guy (I have met him several times) and will always be known for discovering Havieron and bringing GGP into being, he now has zero to do with either on a professional basis. Some will remember when Callum 'stepped down' from his position as Chief Technical Officer and a Director of the company and was appointed to a newly established Technical Advisory Committee, only to quickly disappear from this without any announcement as to why. As such, I do not believe it should be seen as a case of Callum harming (or not harming) GGP should he decide at some point to sell shares as he surely will, but rather seen as a long overdue return for all of his endeavours.

Note to be absolutely clear, I am not suggesting here or on the other thread regarding Starvest that Callum is shortly to sell his entire holding in GGP, only that he will finally be freed up to sell any as and when he sees fit.

Well it definitely appears to be getting exciting again. Here’s my two penn’orth worth.

Regarding the timing of the proposed Starvest AIM cancellation, the company's shares have for several years traded at a discount to the underlying investments and also suffered with a wide spread. There were proposals to strengthen its corporate governance practices and align more closely with the QCA corporate governance guidelines at the time Callum was appointed non-executive chairman Sept last year (previously being both chairman & CEO), but it didn’t happen. So why voluntarily liquidate the company now, seemingly in quick order?

Poniexpress said 'It would seem that Callum Baxters' Starvest timings are spot on for giving his investors freedom to individually trade GGP shares in the fairly near future if the vote etc goes through.'. It may be that this was at the forefront of Callum and the company’s thinking, however, what the move will also do is free up Callum himself from the ongoing conflict of interest he continues to have between his professional interest and investment in GGP and his personal interest and investment. If and when Starvest is cancelled from AIM, Callum will be free to do whatever he chooses with his various GGP holdings, at whichever point.

Also of interest to me was a follow up question and response on Twitter following the interview with Dom Durrett. Someone reiterated the concern that due to lack of institutional investors at present, GGP could be at risk of being taken over for less than it is worth. Don responded ‘Indeed, takeout risk is the number one red flag. But if Newmont doesn't buy them quickly, I think GGP doubles in value, and no one will want to buy them for a decent premium (that shareholders will demand). It reminds me of MAG Silver. They have become too pricey to takeover.’ Although Don was not fully clued up on GGP at the time of interview and has since posted some, shall we say, ‘interesting’ unrelated stuff, I happen to think in this he is right.

Whilst none of us knows what will happen moving forwards, my thinking is that irrespective of whether Newmont divest or not, they will want 100% of Havieron and/or GGP. They will already have applied whichever valuation technique they employ to crunch the numbers to arrive at the figure they are prepared to pay. This will no doubt include a little wiggle room for negotiation, however, I am not in the camp that supposes they will chase a rising SP, take into account previous ATH or individual averages and hopeful wishes. They certainly won’t be concerned whether any offer is considered ‘eye watering’ or not. Should our market valuation become too rich and/or any offer is rejected, then obviously they will proceed to divestment or not with their 70%. Cont ...

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