Member Info for daveri007

@TMT Yes okay - Smile "Numis" got their 12p right and I'm fairly sure their 15p TP will be hit too. :0)

ALB

Hi @TMT

ON 6)
"Nobody expects broker ratings to be perfect, they get stuff wrong all the time, but the fact that there are brokers talking about an AIM share is a good thing." - May I suggest this is changed "they get stuff wrong sometimes"

ALB

QF - let me know what's on the purchase list when the S/P achieves 2.40p - My target price!

ALB

Gary lineker will no doubt advertise the new SAR2 & Vinegar flavour ...I'll grab my coat on the way out.

ALB

I'm sure most investors on this forum do not want a dividend of a few hundred quid when the BoD gets hundreds of thousands - we want to see the cash reinvested to enable long term growth - the fact that a possible special dividend is on the table suggests to me that the company are at a loss on how to grow the company through M&A and are more interested in rewarding themselves rather than their shareholders. For me, I am now understanding where all the negative news came from - I really hope i'm wrong and time will tell. ALB

Hydro - can you please ask your mate to buy 14m shares in GGP each day for the next 5 days . ;o)

ALB

When Sprott bought GGP - the share price took off - not sure if that was after we knew they bought or during the buy process itself?

ALB

Fannie It's called "Paddy Whack"

ALB

Hi Igandhi - it costs quite a lot of money to Demerge an asset into a spin off plus the BOD have to get shareholder approval - so I only think they will do this on sured up proven assets like Havieron - then hopefully Kraken, Scallywag et al

ALB

Schlemiel - well found thank you ! I always remembered "Spin-out" - Makes so much sense for the reasons I stated
ALB

I actually remember reading - I think in the last set of GGP accounts on the GGP website that this type of exit strategy - monetisation of individual tenement assets was part of their stated strategy - might be wrong.

ALB

@TMT - OK agreed - won't do it again - the whole point of my post is that you do this structure to entice a potential offer - you don't do it if you already have an offer - you place the asset on the open market and let the market give it a fair value .
ALB

@HOPE - my post was not to give the BOD advice - that would be ridiculous - I was hoping for intelligent conversation/debate but I now I realise that's not going to happen - logging off and for what its worth just ignore these pricks - failing to do so gives them what they want - attention.
ALB

Bump back to top - discuss please

A possible vehicle to monetise Havieron

GGP could (once proven) demerge it's "Havieron Gold & Copper mine" into a separate company and effect a capital reduction to facilitate the spin-out and new listing of the "Havieron Gold & Copper mine" as an independent entity.

Following an initial MRE and feasibility study of the proven "Havieron Gold and Copper Mine"; GGP could announce that they consider the results of the Havieron project and the progress made substantiate the viability of the "Havieron Gold & Copper mine" as having the potential to be a standalone business and accordingly intend to proceed with steps for a spin-out, by way of demerger, and listing on a public market of a new independent company focused solely on the "Havieron gold and copper mine" business.

The rationale of this decision is that, as a standalone proven Gold&Copper Mine into a separate legal entity, " Havieron" could:

· Secure separate financial resources, with the goal of enabling accelerated development of the Havieron Gold and Copper mine;
· Allow Shareholders to benefit from both Greatland Gold's very exciting other tenements (yet to be proven) and GGP's proven "Havieron Gold & Copper mine" and the standalone value of the "Havieron mine" as it progresses through its own development milestones and the path to commercialisation and allow shareholders to receive the maximum potential value from Havieron Gold & Copper mine as a standalone entity.

The GGP Board would take the necessary preliminary steps in preparation for a potential spin-out, including the incorporation of a new subsidiary to hold the relevant assets. The Company will also put proposals to shareholders to obtain the approval necessary for a capital reduction which will be required to implement the demerger.

The approval of the capital reduction will enable the Board, in due course, to declare distribution in specie of shares in the new "Havieron Gold & Copper mine" entity to existing GGP shareholders.

Under this method, GGP reduces the corporate stated capital of its common shares by an amount equal to the fair market value of the "Havieron Gold & Copper mine" common shares, and distributes the common shares on a pro rata basis to its shareholders.

They could do the same with "Scallywag" if proven like wise all the other tenements if proven .

Just a thought - it makes sense because you can easily divest each separate legal entity on a full capital basis which I believe is tax efficient for the BOD and easier to assign value to each asset (tenement) as it becomes proven!

Just a thought ALB

Hi 1gandhi - It's speculation but I really think this is a corporate structure that can accelerate value for shareholders as and when a tenement becomes a viable business - certainly maximises shareholder value including the key executives - anyway, I'm sure he has /is considering this type of exit strategy . ALB

ps. hopefully he reads this board - not all of it because some of it especially this evening is yet again being hijacked by idiots.

A possible vehicle to monetise Havieron

GGP could (once proven) demerge it's "Havieron Gold & Copper mine" into a separate company and effect a capital reduction to facilitate the spin-out and new listing of the "Havieron Gold & Copper mine" as an independent entity.

Following an initial MRE and feasibility study of the proven "Havieron Gold and Copper Mine"; GGP could announce that they consider the results of the Havieron project and the progress made substantiate the viability of the "Havieron Gold & Copper mine" as having the potential to be a standalone business and accordingly intend to proceed with steps for a spin-out, by way of demerger, and listing on a public market of a new independent company focused solely on the "Havieron gold and copper mine" business.

The rationale of this decision is that, as a standalone proven Gold&Copper Mine into a separate legal entity, " Havieron" could:

· Secure separate financial resources, with the goal of enabling accelerated development of the Havieron Gold and Copper mine;
· Allow Shareholders to benefit from both Greatland Gold's very exciting other tenements (yet to be proven) and GGP's proven "Havieron Gold & Copper mine" and the standalone value of the "Havieron mine" as it progresses through its own development milestones and the path to commercialisation and allow shareholders to receive the maximum potential value from Havieron Gold & Copper mine as a standalone entity.

The GGP Board would take the necessary preliminary steps in preparation for a potential spin-out, including the incorporation of a new subsidiary to hold the relevant assets. The Company will also put proposals to shareholders to obtain the approval necessary for a capital reduction which will be required to implement the demerger.

The approval of the capital reduction will enable the Board, in due course, to declare distribution in specie of shares in the new "Havieron Gold & Copper mine" entity to existing GGP shareholders.

Under this method, GGP reduces the corporate stated capital of its common shares by an amount equal to the fair market value of the "Havieron Gold & Copper mine" common shares, and distributes the common shares on a pro rata basis to its shareholders.

They could do the same with "Scallywag" if proven like wise all the other tenements if proven .

Just a thought - it makes sense because you can easily divest each separate legal entity on a full capital basis which I believe is tax efficient for the BOD and easier to assign value to each asset (tenement) as it becomes proven!

Just a thought ALB

Never been called a troll before - thats a first - unusual it should happen when I urge folks to help those in need - anyway logging out ALB

shame on you gggg - anything to rescue your investment in Novacyt (vile)- I'm in the red but I sincerely hope NCYT with others do the right thing and assist UNICEF to help these people who already suffer a bad life through no fault of themselves - I really hope Novacyt and the other leading diagnostics companies do the right humanitarian thing and help these people to control the pandemic - they have my VOTE

Good evening everyone - Lets hope Novacyt send millions of covid19 tests to Yemen FOC because this country is suffering with tens of thousands of people being infected - I hope and trust that the management of Novacyt see this was the right thing to do

ALB

@FB - Big Mac meal please with ketchup - do I go to window no 2 and pay because you can't be trusted - lol good night all