Member Info for Culpepper

You see, I was looking at this sort of thing come year end.

VERY broad brush. If they’re only doing say £1000 profit every 2 tons, 300 tons a day, it’s £1m a week. ( Total maiden Indicated Mineral Resource of 151kt @ 32.4g/t Au for 157.6koz Au, with an additional 348kt @ 29.2g/t Au for 326.3koz Au in the Inferred category, as reported in accordance with CIM Definition Standards by Bara Consulting Ltd. (Bara) )Should keep the wolves from the door.

I appreciate anyone can have a go at that sort of thing, but I think the heavy lifting been done on the infrastructure side.

Anyone fancy s stab? No? Don’t blame you.

Can you say why please?

Anyway, Mr. Day will have his research. Possibly any offeringis already earmarked.

I understand there may be UK exemption. I also understand shares have to be applied for following prospectus.

I think it’s unlikely pi’s will qualify.

Any offering will be sold to institutions. There’s no public offering.

The revolving credit facility and revolving cost overrun facility are as per RNS.

You may just have skipped through that bit.

The delay seems over - winter weather thing whilst finalising infrastructure.

Can never say there won’t be a fundraise. But the last was at market price of 86p, directors supporting substantially, and there’s been progress/derisking since then.

Well, they seem to recognise that with the new appointment, already said to be influencing decisions. Old story I suppose - one really good result, and Gardaq, Bacon and other high net worths, will be happy.

You mentioned it already, the stock-piling. Cost out, on mining, transport, and nothing back - yet.

“I am pleased to say that towards the end of the Quarter we have been achieving rates of up to 220t/d of ore, which is being stockpiled. We are now in the final stages of agreeing mining KPIs with our contractor, Thyssen to support feeding the plant with enough ore to allow 300t/day processing capacity by the end of the year.”

Pretty obvious, I know, but all that amongst highest world grade ore will relatively soon in mining terms be there just to feed into the processing plant. With the company reckoning they can be profitable at prices significantly below 2000 US !

No more or less than I had come to anticipate. Road to revenue, all being well, is clear.

“our teams are working hard to deliver our targeted throughput by the end of the year and a busy exploration season.”

They may, or may not, decide and be permitted to take part in the offering to satisfy in whole, or in part, AsX institutional demand.

Either way, there are positives to be seen.

I think most realise the share consolidation will simply take place at the price it’s at at the time of that consolidation.

Best put it as they do.

“ Looking forward into 2025, although first gold pour marked a significant moment, the real work we have been undertaking throughout the first quarter of this year, has been in the commissioning of the processing facilities, mining operations and logistics, in order to establish a stabilised rate and bring the facilities up to the name plate capacity of 300 t/d by the end of 2025. In line with this and following some standard commissioning issues over the winter months, which resulted in delays to the original ramp up schedule, we are working hard on completing the commissioning and remaining construction in the spring and summer months, taking advantage of the more clement weather conditions.”

Yes, it’s in the nature of it though.

See what tomorrow brings. I don’t expect much in terms of revenue in view of 3 month delay - anything would be nice as they progress to nameplate.

I mean, play to your strengths.

“I appreciate no one has a crystal ball but getting 1 new share for 20, is there a scenario where existing GGP'ers on Aim could lose out big time?”

No. Unless with explosives they blow Telfer and Hav up on aim, and don’t do it on AsX.

Crikey.

And you said the only way was up.

Never tell, can you?

But generally, it’s going up as led by them out there, if you been in a bit.

Actually, I’m beginning to ponder the ability of some on here’s comprehension.

Never mind. It’ll all come to pass and be the same in a hundred years time ( as my dad told me )

Mms won’t decide the price discovery - Ggp will on application after prospectus - perhaps in consultation with Newmont who have a decision to make in involvement on any share offering.

No disadvantage to pis, on any wholesale sells, with institutional buyer interest.

No big deal - down to subsequent interest.

They will naturally consolidate.

Doesn’t matter to pis.

Price on ASX listing will be what it is - influenced for the immediate, maybe, price of Greatland offering to make best of Greatland Resources listing - what iis might pay for up to 2.5% listiting, and if greater instructional demand, upto what Newmont might accommodate - if they want to and subject to Ggp consent.

Perfectly straightforward and either will be right for Ggp, in the chair.