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Most auto trades in the 25's. Mopping up.

If D4E was at 25p the company is probably valued at at least double that.

Maybe the debt holders and the shorters are working together. The debt holders want the debt for equity exchange as they see the future value of the company. They refuse new debt terms and get the shorters to drive the price down so they get for equity for their buck. The shorters work safe in the knowledge that if the debt holders don't get the price they want the company will fold. My reading of the RNS is that D4E has been discussed and if it has been discussed then a value has probably been put on it. The positive of all this is that they want the equity, so PFC must look good on paper. It's a question of how much is left to LTHs.

Agree Asfari is our trump card. It'll be interesting to see what the bonds do today. I actually sold a few shares yesterday because bonds were not reflecting the increase in share price. Glad I did. Bought back this morning.

Great work bringing attention to this Dip. It was for me one of the stand out/exciting comments from the webinar. Looking forward to them making Telfer 'sweat'.

Autotrades being outstripped this morning.

AA has too many shares and too much influence on Board. He will be working hard to find a solution that doesn't undermine his own position and wealth. Good news for other share holders like us and bad news for short's.

What ever the nature of these buys it definitely feels like there is a certain amount of subterfuge. A few days ago the SP never got above 6.5 but after hours a series of chunky buys at 6.7 were posted. These trades obviously delayed to keep a cap on the SP during the day. Equally how in a modern digital age buy/sell is determined by the mid price, not the actual transaction which is most certainly known and noted on a computer on someone's desk, is crazy and more importantly suspect. All is staked against the PI but we fight on, SD our white knight and his trusty nag.

They have had to do this to try and save the ftse and uk markets. Our markets have stagnated for 20 years. Mainly because the funds have been fleecing everyone and people have taken there money to the overseas markets now. This new British ISA scheme aims to get a load more of the publics money in to the UK markets so it can be worked in to the hands of the spivs eventually. GGP is a fine example of a company whose fundamentals are great and it is being worked so that the ii's can come in late and steal the rewards. SD's chat last night left me thinking he knows this game is afoot and actually is on our side. It'll be a fight though,

Where are all these millions of shares that are being bought coming from. I ain't selling. The question really needs to asked.

I just bought for 22.34. Will it bounce once gap filled?

A brilliant presentation yesterday. The oresome ore body (sorry for the dreadful (and probably much repeated) pun) really well represented.

As mentioned below SD intimated that the the purchase of 70% would be way down the line for Newmont (NA taking priority) but GGP were in prime position to benefit with LROR probably putting off other bidders.

I expect if we are successful in such a bid a raise would happen at the same time as an ASX listing. But SD's definition of accretive is important, it means that we current share holder will own the same amount of the mine. That means value must come to what we have NOW, as it won't be diluted. So the question is do you believe 30% of Haverion is underpriced at current market cap. I do, so I will stick with my million plus shares until gold is coming out of the ground.

Unfortunately GGP has a huge PI contingent and the market punishes a company for that. It wants to transfer that wealth to itself. FCF and dividends can draw a line under such things but I believe SD's definition of accretive is an attempt to tell the market, current share holders are protected. I'm happy.

Yes good stuff referencing his experience with mature mines at North Star.

Good comment about why GGP feels like they are in a strong position for 70% because of LROR.

Bonds back up after decline yesterday. See Boerse-Frankfurt.

A quick nip down to close the gap at 22p and then the rise will start. Xmas is starting early ;)

Placing at 2.95 now down 15%. Another £76k lost to the ether.

The BOD will be aware of the shorters and will do whatever they can to get one over on them. The good thing is that BOD are to some degree in control - of reporting dates at least.

I agree it would be a simpler deal for Newmont so may make them tie both at an attractive (un-turn-downable) price. My worries are trying to fly too high too early - Icarus stylee.

I think we are going to get a steal here. Newmont will want these sales to go thru quickly so they can get to work on the real meat of their expanded portfolio, see Fury. That's where their real money lies. My preferred option is that we just take Hav. Less unknowns. Regis already have prior knowledge of Telfer (know there are pocket of gold that Newcrest never bothered with) and will see value and operational pathways. They will probably be able to value it better too. Yes we will lose 10% having to pay processing fees but I feel Telfer would be a step too far for GGP, whereas taking the whole of Hav feels more like organic growth. That said because Hav is completely tied to Telfer (and vice versa) I would expect the deals to happen simultaneously. So there is much to tie up and these complications will help cap price too. As I said I think we are going to get a fantastic buy in price. And if we do, investors (like Wyloo) will race to be part of it. My bet is sub $500m.