Member Info for Chuffchuff

I don't post that much but I check the board out a few times a day to glean useful bits of information at a time when lots is happening with this company and those we are in (or may be in) partnership with. I try to filter what I can and I understand banter and the odd joke can be a welcome distraction at times. What is getting really tedious though is the constant bickering. As soon as certain names post up you get over the top reactions coming back. I include in part some people whose research and stance on this stock I otherwise respect. It is getting really tedious. Obviously some post up to bait, some to ramp, some to deramp. Can people not just ignore? Those who want attention will eventually disappear. Those spreading misleading info can be reported, but even with those if they are ignored the fundamentals and the sound well researched info will still stand out and will gain more traction because it is those posts that people will engage with and reply to. A misleading post if ignored will simply drop down the board like it never existed. Worth a try everyone? Please?

My reading of the presentation is quite simple (some may say simplistic?). GGP is developing (in partnership) a tier-1 asset which is a foundation asset because it is the means by which GGP moves from explorer to miner. Note the emphasis too that Havieron was "Greatland discovered" - it is this emphasis which implies that the foundation asset is the generator of funds to discover and mine assets in other tenements. We all knew this but it is being spelt out in very clear terms. There are no barriers to progress, just different avenues.

I would have thought that as GGP have already been very patient regarding the FS, once (as most assume) the buyout goes through then there has to be a relatively short time frame on resolving who goes on to mine and by implication the DTM. Any really significant delay increases the likelood of hemorrhaging money at Telfer making it a snip purchase. Furthermore there surely must be some regulatory body that GGP could approach if the partnership that would have gone on to mine within a reasonable timescale (given the decline progress) now impedes the junior partners progress to profit? I'm sure our new board member with the legal knowledge will be right on top of this. I believe GGP has a very strong hand and it is actually strengthened by the relative positions of the players in this process. As for how this plays out for shareholders depends very much on people's own time frame. Those on a 1-2 year path to sell may want one outcome. Those on a longer term journey who look forward to dividends and a potentially even higher SP may want something else. The shorter time frame would suit my own circumstances best even though I am excited for further developments beyond Hav. Realistically I'm not sure that my own motivation for short term gains will suit the longer term interests of GGP. Regardless I'm convinced that all but the most unforseen circumstances will see profit for all over the coming months. I've moved from a point of caution just a few weeks ago to increasing my own stake at every reasonable opportunity whilst keeping other key investments on tick over.

As the company moves towards an ASX listing I wonder if the environmental, sustainability and community focused credentials may need more coverage to get good press. Greatland states "Our approach to social responsibility ensures that we deliver sustainable and long-lasting social and economic benefits to native title holders, local communities and interest holders in the regions our projects are located. We remain accountable to the Traditional Owners of the land and communities in which we operate in."
I wonder whether some community focused and media centred roles will be useful in the coming months? Company appeal extends to more than potential returns, although the former can assist greatly with the latter.

Do we know the likely timescale for the shareholder vote?

JS that's quite a derogatory thing to say. At no point have I ever said I don't trust SD. I hold shares because I believe this has massive potential and I've been very chilled about recent stagnation as I know the movers to the SP are coming over the next few months. There's nothing wrong with having concerns. Concerns can be addressed and I said a Q&A was the best way to do this. Obviously I'm not an expert in this scenario and I have said as much, but nor does that mean I have lost my right to ask questions. I have as much right to be a shareholder as anyone else and indeed I've topped up regularly

These are certainly the type of questions I want to see answered before any vote. A Q&A factsheet might not be a bad idea covering all the queries existing shareholders might have. I hold GGP shares both in an ISA and in an investment account. My ISA does not have as broad a range of shares as some investment accounts. I presume they would be obliged to update my holding with the new holding company shares rather than force a sale (which would be disastrous) because they won't provide buy or sell access to the new holding. I have no experience of this scenario so I hope this is an unnecessary concern but it's the sort of thing that SD will need to provide reassurance over in the coming days and weeks

96dc2 I don't know who you use for yourstocks and shares ISA but hopefully if you buy through there you can get live prices when the market is open and you have a chance to accept the price or not within a window of a few seconds? If not it may be worth transferring your ISA to one which does and I believe some may even have incentives for transfers. I get the frustration with your app but hopefully you will only need to use it to sell rather than buy. I currently use ethe Fidelity platform where I also have a non-ISA account under the same log-in. This also gives live pricing although to move non ISA shares into an ISA I would have to go through the same sell then buy process giving up the difference between the buy and sell prices

Yes 96dc2, unfortunately I have about one third of my GGP shares outside an ISA but will leave them there as I continue to use my annual allowance topping up or continuing with other shares. There's no easy way other than sell and repurchase. Trying to time this without a small loss is difficult but imo you should consider taking advantage of a low buying SP now in the hope that the relief on significant gains in future more than compensates. Of course this is my opinion only and not advice!

I meant Newmont of course in my second reference

We are only a short time away from know how things are going to pan out (excuse the allegorical reference). If Newcrest unexpectedly keep going as their own entity we need to remain in partnership and go ahead and mine. If Newcrest take over and decide they want Hav then again we want to remain as amicable partners and go ahead and mine. Surely we don't want to be too adversarial before this imminent decision is made. If on the other hand we are left to bid for Hav/Telfer on our own or with a new partner then that is where the knowledge becomes a weapon. I'm sure SD and the board are covering these options. It is why I am absolutely chilled about current SP. If there is any sense in future that our tragectory or path to profit is being impeded by a partner then that is when I expect an offensive, possibly with legal ramifications. But this is further down the line, it seems entirely reasonable to keep things sweet for now

We havent all made a huge sum. Some of us bought in close to the high but not at it. I have averaged down to be about even. We are not all the same. I checked this board when I first bought and it was still being ramped at a high SP. I am fortunate that my timings were better on other investments and so I had the equity to buy on the drop rather than sell. Some on here will sell at break even or small profit such has been the ride. We must not underestimate what effect that may have, that will not be me but let's not be too sniffy about who is on this board. We all want to make money and I think I still will. A lot to be fair.

I can only assume this is Hursts blood pressure reading. Take it three times then go to your GP with the average.

For me both scenarios still map a path to a very profitable venture. I would have thought that buying and running Telfer will long term be better for us but in the short to mid term has the potential for further dilution to raise funds. This may not suit all but longer term we stop being the junior partner and can reap the rewards that come as a stand alone producer. Is Telfer also close enough to deal with what mat be produced should drill results elsewhere result in a DTM in areas currently under exploration? If a new processing plant were needed are we best locating this strategically accessible to these other fields of exploration or is this blue sky thinking and wholly unrealistic?

24kms from Telfer sounds like a Gene Pitney hit

Also signed

100% owned. No haggling. Self funded from Hav. :-)

I just topped up. Sub 8 I couldn't resist

Well I've just topped up a bit and am waiting on proceeds from another transaction to clear to nearly double my investment in this share if the SP holds over the next couple of days

I'm sorry to read this this morning Dip. I hope you find the quiet time you all need in circumstances which can bequite hectic. Sorry for your loss