Member Info for Culpepper

The really bottom line with all this continues to be, if we believe Havieron is an asset that nobody in the business will see fit to develop on economic grounds, we’re in the wrong share, aren’t we?

And what’s their alternative, if someone takes a new broom to Ncm assets? Forget all about it, try to leave Havieron lying there for a rainy day, or try to sell off their 70% to get their money back?
Nothing too drastic I think for a new CEO, unless Havieron is not what it’s cracked up to be.
Business as usual I would think, with touches on the tiller to steer the ship in a direction that shareholders will be more comfortable with.

Yes Dip, we did have a lengthy debate at the time, mostly because I dismissed it as chit chat on here, about the CEO of another company (which might be resolved, but now probably forms part of cumulative disagreements leading to Biswas exit )
I see no reason to believe this will lead to any change in NCM’s attitude to projects that are delivering cash, or likely to do so soon, in mining time scales. Havieron is one such on what has been published, and there are reasons advanced on here why it would be in NCM’s best interests to get on with it.
Will they now drag their feet on Havieron, disrupt the JV, thwart a decision to mine? Will that please the board and shareholders?
I think most are agreed, though they may have taken against him, that it was NCM under Biswas that advanced Havieron at tremendous speed, but I don’t particularly care that Biswas is gone, one way or the other.

Well, something came to a head it seems. for such a sudden departure. Probably an accumulation of dissent, board and shareholders. And he’s the odd one out.
Doesn’t change the nature of the Havieron asset and the terms of the JV.

Comes on the heels of that, doesn’t it.
https://12ft.io/proxy?q=https%3A%2F%2Fwww.afr.com%2Fcompanies%2Fmining%2Fnewcrest-cops-another-strike-on-exec-pay-20221109-p5bwvl
Ncm effectively said they’d look into it. Maybe they did, and Biswas wouldn’t go for what the board thought was reasonable to avoid a repeat next AGM.
Business will remain business as far as the JV is concerned.

Probably up to 25% or so can be seen to be tied down, if you allow for a couple of under 3% holders. And maybe more just can’t be seen. I think it can only be PI’s that’s the problem here on selling down, or somebody else failing to notify holdings in the first place. That’s if you look at it in a straightforward way. I appreciate there are other views.
In theory, neither cross listing nor consolidation should make any difference to shareholders - but I know there’s lots can be said about consolidation. It won’t cause me to sell, but it seems some do.
On ASX, can’t come soon enough, the company is after institutions. Now that will be to provide greater access to capital, whilst improving the share register. Got enough PI’s, who they can’t talk to in the same way as institutions when something corporate has to go through, I suspect. But whatever, it’ll tie down shares. Which must be good when a company is performing.
On traders, I think, though can be corrected, that they would prefer greater volatility, and again in theory, the less free float, shares available, the greater the opportunity to take advantage of spikes and such on good news.
Swings and roundabouts, but I don’t see Ggp as being more or less susceptible to ‘problems’ than any other similar market cap company.
As an aside, I have come to believe that it is indeed possible for smaller, bulletin board denizens to pump and dump on relatively minor companies with more limited free floats, and a story to spin. Ggp is not one of those.

It is undeniable times have changed, and the general public’s psyche and ability to do what they have previously done has probably altered also.
I may be a lot less wealthy than those on here, but I no longer have the drive or ability to keep ‘topping up’ my portfolio as often referenced on here, or in the main to make new investments, in cases where it might be appropriate in more ‘normal’ times, instead looking forward to dividends from most to subsidise non essential spend, holidays, home improvement and the like.
But no matter how far away, the tide will turn. And to be honest, I have little sensible choice but to wait it out.
So from my own particular status in life, lumping it together, Greatland is proving no exception in terms of capital appreciation.
That’s very much a personal view. And in the meantime, high net worth individuals and financial institutions will, I guess, carry on pretty much as they’ve always done.
On this one, it would not be unreasonable to hope for or anticipate a holdings RNS or new director buying when they’re able. Anything impinging on the DTM is obviously paramount just now. If there is sufficient profit in it, it will get mined. Everything published indicates positivity around that.

It’s complicated for me, but on occasions I look to the stock exchange listings if discussion pops up on here, see what I can make of it. The flags and stuff. And have a guess which I can’t really stand behind.
My conclusion is that such trades as are listed are pretty difficult to interpret in meaningful ways. For me, anyway, though I accept there may be others on here who may have the hands on experience or in depth understanding

I am aware of that article. I have not said otherwise to what you are pressing me on. Though I would add that though a vast majority of trades may be through Mms, there are some very much larger ones which I have estimated probably are what were at one time referred to as ‘trade sales’.

The article plainly relates to 2 parties engaged in a direct private sale between themselves, later brought on market by notification after the event. I put it on to demonstrate vagaries on reading a list of transactions. It does not relate to Mms.

Just for completeness, on the UT, representing buys and sells shown as a single transaction, as reference by Starbright.
https://www.shiftingshares.com/what-is-an-uncrossing-trade/
I appreciate you and most know that on here.

I put this on the other day. Just to show the holes and vagaries when guessing at sells and buys and all that. It’s quite commonplace. And it allows both sides to get their price quickly ex-Mms. I expect Ggp house brokers to facilitate on request - but I have no experience of that.

https://www.ig.com/uk/glossary-trading-terms/off-book-definition

Well, I consider I approached the conspiracy suggestions made on this board objectively.
But it’s very plain the majority, on here anyway, prefer a more intriguing narrative.

It’s red because it’s below mid, is all. As you, and most others who use these boards, know. They might as well do them all in black.

I am happy to take that as something that happens with high net worth individuals - they simply don’t report on buying or selling. I have read some evidence of it. I don’t know, but am tempted to take the view, that those individuals simply buy and sell, taking their profit eventually by selling down, and moving on. Failing to disclose.
My posting goes to the conspiratorial side, floated here, which must involve I think a wider range of participants, getting together to at least contravening regulations to achieve something on Ggp as a selected target, on an organised and long time frame.
So floated is an idea of persons unknown with accomplices unknown, buying shares through depressing the market through sales of the same shares.
Now, in the absence of any evidence at all, I don’t buy it. And say so.
But for them that do, OK post away and say so.

I will give it a rest now whilst you contemplate your next posts.
On a completely serious note, if this price is being kept low over a protracted period in order to amass shares, would you not have expected an over 3% holdings RNS as required?
They can’t really come out of the woodwork with a large number and say Surprise, surprise, can they? Not if they’re serious investors buying and wish to be viewed as straight up.
And I know some say they can keep going whilst their still buying without notification. Really?
I’d like to see the exemption for that in the transparency rules.

Good to see somebody don’t agree duvet
stuffing a serious proposition, by the way.

You lot far too good for me. Foreign agent, english identified as not first language, employed to subvert the luminaries on Ggp chat board, and seems somehow familiar.
Another conspirator!
Definitely not someone with no agenda, saying what he thinks in his own way, which does not accord always with a party line.

Whoopy - doo for you! I know they all take sneaky peeks! In my opinion, of course.

Looking to maximise trades, and taking their cut on the spread.