Member Info for Culpepper

Whatever you decide upon, it must be sensible to view the objective as turning H and therefore Ggp into a profit-making company based on what it extracts per annum, and not what a big mine we got, though size will go to the value of the asset, any bid, and continuity of earnings over it would seem, an increasing time-frame.

Do you then take the view ( but I doubt you can see this ) it is only those you view as unwelcome on this site that post in more than one name? Seems illogical. Just interested.

And that, without a mining plan, I conclude, feeds at a very basic level into life of mine rather than how much can be dug out and sold on an annual basis, every year, year on year, to provide profit from which advancement in the sector can be made ( existing strategy as publicised ) and from which those anticipating dividends may be paid.

I think there may be an element of confusing value with price. In due course Ggp will be judged on its financial metrics. We don’t know what they may be, though the cleverer ones can have a stab at it.

Yes, probably more than enough at the moment. Some think that level of expertise is part of future plans. It might be.

Personally, bringing Hav into production and hopefully not taking too much on permitting FCF will be sufficient of an early milestone for me, utilising available cash from there on for further exploration and development.

The only thing I see s possibly, realistically interfering with that is A Ggp buyout, of which I have no objection, or of course Hav by Newmont/another.

Happy to plod on with what I bought into.

Relevant bit re. bank finance.

‘The facility limit includes minimum pricing requirements for the mandatory hedging, which is a total of 121koz of gold within the first four years of production. No hedging of copper production is presently intended.’

It’s been considered by the banks, who will require hedging at a minimum price, effectively forward selling a percentage over a four year period to ensure continuity of revenue suffficient as calculated to pay down debt. It is common practice for junior miners approaching production, and in the early years of such. So revenue will be locked in. On a broader basis it can work for or against, dependent on gold price, but is a sensible course of action for lenders and borrower.

In fact, reading back through, firstmodern’s post, receiving 19 tick-ups, might be far more likely, relatively speaking, to cause a businessman to take action.

As we’re getting legal, passing the time, I know he’s called David. I don’t know whether Mr. Lenigas would seek to prove he is otherwise than as described.

But in polite circles ( not here ) there would be a rather more appropriate form of words. Failure to use them would not of itself likely be actionable.

I don’t buy into it is all. My view, on what’s gone before when it was all down to JPM buying on behalf of Newcrest, who were hiding them away. And after all this time zilcho holdings RNS. So I think the evidence, or lack of it, is on my side.

And my fallback is always, sufficient buying pressure will see off sales, wherever they come from. I think I’m right on that too.

But you can buy into it, and state your case..

And you can filter me. I think most find me disagreeable, and have done so.

I thought he might have been useful as one of them shorters, keep selling it down to buy more, in league with market makers. Never mind, opportunity lost.

Doesn’t matter. He can be the new Ggp villain.

You need six.

I asked a question. You seem to want to play silly-buggers with it. Thats’s OK.

Maybe. And took you with me. We both got nowhere.

Looking for a definitive last reference really. Quick look, not found as obvious. Maybe have another go sometime later.

Not on those. He and his shareholding are quite often referred to on here, so I thought one of those posters would be up on it.

Just out of interest and thinking about voting weight, can anybody confirm what Mr. Baxter currently holds, either personally or through Starvest?

Yes. That 50% is from a town hall conversation.

Perhaps it’s going round in circles, but shouldn’t be at this stage.

My understanding.

FMV on decision to mine not being carried ( Newcrest dissenting )

Last right of refusal on a bid matching process arising from other offer(s) - as per what Mr. Day apparently advised other shareholders as per Dip post.