Member Info for Canary3

I am thinking about a new front as it were, outside of the current plans, I know the cash flow will pay for the costs that are planned right now.

I am speculating that there will be a big increase in activity that haunts been announced.

Here is another hare...it might get shot quickly as i am just speculating.

Some things going through my mind.

1. 11 Tons processing capability reserved for Hav
2. Ideally all 11 tons for hav, not to be mixed , but processing is being kept going in the meantime by the west dome.
3. Current plans is 2 for 3 million tons to come from current approach until block caving comes on stream. Will block caving deliver 11 million tons, i have no idea.
4. SD said , can't wait to drill out the Eastern Breccia, he also said we have been spending a lot of time thinking about the Eastern Breccia , i am assuming we is the Joint Venture.
5. I am assuming the Eastern Breccia is where the nickel is that he said was more valuable in places than the copper.

So I am thinking that we will see a big ramp up in the plans on the Eastern Breccia to test out exactly what’s there and to get a plan in place to get the stuff out ASAP.

If this is the case then GGP will need 10’s or even hundreds of millions over the next 3-5 years to pay for their share, until cash flow starts.

Perhaps thats why as Droverman suggested , the 6 years has gone down to three months for the 5%...GGP will need loads of cash..if there is going to be a major ramp up.

Bamps....OBV

bumps- truly you are the best DYOR on any board i have ever seen- Bravo

Deliberately mis -reading the question there but to be precise, i have borrowed the shares to go short with, and want to maximise my gains whilst being careful on my exposure.

Thanks for this explanation Star..do you have view on this scenario.?

Say its a quiet Wednesday morning , i have a pot of shares that i want to go short with on here, say 10 or 20 million. My dealing costs are negligible.

The sp is say 16p and there have been 2 or 3 million traded., It's 11.00 am.

I sell 1.0 million shares in short bursts of say, 6x 50,0000 , 3x100,000, 2x 200,000.

What will happen to the SP?
What will private investors do?
How can i minimise my exposure as the one shorting?

Thnaks

SD has got along way to go before he can step up, he made a major career error going Salt lake potash, he was fortunate get the job at GGP .

The only way he gets to run a major or big part of a major in 10 or so years is to make GGP a multi billion company.

He will hang on here working like a good un until the bitter end, HAV is a dream come true for him.

I really think he is doing great BTW , it's just where he is, his smart move should’ve been fromNorth star to a major not to a minnow, ( that is if wants to be part of major).

I suspect he wants to build something from small to vey large and make his name that way.

Bamps- Ami right in thinking that we are still waiting for assays of 2 or 3 these in the Eastern Breccia ?

Thanks

Crikey

Star -= Long only fund manager

eric = 9years running dealing desk

and now

Davo= 30years in securities and data rooms

Whatever next I ask myself

Davo that is incorrect - the e-mail from GGp confirmed that the negotiation is about all that is known and the future potential . If you choose to disbelieve E-mails from GGP to shareholders you shouldn’t be invested IMO.

Also Australia use arbitration a lot,including in mining and resources.

https://uk.practicallaw.thomsonreuters.com/1-618-2164?transitionType=Default&contextData=(sc.Default)&firstPage=true#co_anchor_a336894

Malvolio- Thanks for that ,its very interesting information and when I looked up it seems that this type of Arbitration is used to encourage.

- A settlement between parties without going to arbitration
and
- For each party to take up reasonable positions for the forthcoming negotiation

For me this points to the relationship between GGP and NCM as being one of cooperation and partnership ( is it has been throughout IMO) and it is very encouraging that they have chosen this method for arbitration should be needed, when many posters are trying to imply the one party is trying to 'screw over' the other and raise fears that IMO are unfounded

IMO allwillbe good.

Mumbo’s point has been answered multiplet including via an email from GGP,

They will take everything into account that is known and make an estimate of what the potential is for all of HAV, this will be verified independently before it t is presented to NCM at the same time NCM will present their view , that view i assume will also be independently verified and then the negotiation gets on to firm ground.

Mumbo is a mischief maker. best ignored

Thnaks i thought i was dreaming!!

Just back in the house, and i was sure i saw a thread about deep drillers required, i was in a rush so didn’t read it , has it been pulled?

Starbright is /was a long only fund manager not working at the sleazy end.

and now , believe it or believe it not

Eric ran a dealing desk for 9 years

I am Looking forward to more insightful comments as we go forward, being a humble PI with little idea of how sophisticated, grizzled, professionals run the markets

Please post more helpful comments and inspire me with tales of how thick wot i am...

Josh- IMO as starbright posted once , very eloquently , its all about Anchoring the price into the PI’s head, the price action and the discussions led by some posters are about fixing a pice at a level that others can profit from when Pi’s sell.

18 p has been mooted, so if an when the price gets near or past that, the narrative will change to ‘Overvalued , thats around fair value , if it goes up fast there will be plenty of, watch out that you don't get spiked.

Plenty of Pi’s will sell as they get to break even, worn down by the action and the discussions.

All shares sold by Pi’s will be bought and those that buy will profit.

I have made no secret of my belief that there is plenty of accumulation going on, although some would say that the absence of notifications makes that at best extremely unlikely. I say tell that to BT shareholders where 6% of the company was bought as the share price declined , after the buyer went from 0-12 % in one notification.

just my opinion of course ,and it might just be PI’s buying and selling and there is no accumulation going on at all.

LOL

Don't worry as Starbright says , its only us Pi’s..

take the little guys shares