Member Info for daveri007

Malcolm likes it:

https://www.malcysblog.com/2021/06/oil-price-savannah-sound-chariot-petrotal-longboat-igas/

I don't see instant premiums from the re-list...I also think the market will continue to be very illiquid for the short to medium term or at least until we move into production ......It does not bother me because I am here for the continued growth that I believe the management will deliver just like they did before! ATB

Of course it is possible that the lenders are taking a combination via a first charge over the Norwegian tax rebate and shares....all speculation until we see the documents.

Makes you wonder how they secured a 52m lending facility....one would think cashflow generation will come from somewhere to pay for the debt.

We also need to know on what terms the lending is based.....of course most of the original institutional investors are still present and like us they will want an attractive return - really surprised here at the lack of excitement....7 wells funded with almost immediate drilling. All good in my mind - down to the management which is why no doubt we all originally invested here! GLA

sorry forgot to include licence map

https://www.regjeringen.no/contentassets/16eb7d11700140d0b806a392cd866d41/apa2020_map_awards_offered.pdf

7 licences as partner are:

1095
1097
1105 S
1118
1119
1120
1124

https://www.equinor.com/en/news/20210119-awards-predefined-areas.html

7 licences as a partner - maybe a coincidence!

partner licences listed here:

https://www.regjeringen.no/contentassets/16eb7d11700140d0b806a392cd866d41/apa2020_offer_with_work_obligations.pdf

https://www.energyvoice.com/oilandgas/norway/327094/longboat-energy-exploration-campaign-norway/

Seems that Equinor are the main licence partner!

"We look forward to a busy period of almost continuous drilling and frequent catalysts during the next 18 months." -

Sounds good to me....18 months of very little news but the next 18 months of rich news flow. Happy days.

Why would Newmont, Rio or any other major want to buy into GGP.....thats ridiculous ....they are not going to be a passenger with Newcrest running the show ....anyone buying GGP will either be Newcrest or just your normal institutional investors!

@GerryJo... business is business - Newcrest have already more than done their bit (thanks to Telfer running dry) - without Newcrest we would be sitting on very attractive targets with no route to production - maybe the ultra generous terms on GGP tenements forming the Juri JV is payment enough ?

@Malva - I know but owning 5 - 10% of GGP gives them a much cheaper option - I have emailed investor relations to ask the question “are there any restrictions in the Havieron JV or indeed the 50MUSD loan agreement for Newcrest NOT to buy shares in GGP in the open market! Will advise if I get a reply.

Either way it doesn’t effect existing shareholders on their way to greater gains but emphasis Newcrest full intention to mine!

Question - why would Newcrest buy 5% of Havieron resource at FMV when today, yesterday and the few weeks or so earlier whilst the GGP share price sits at these much discounted values - assuming the JV and 50M USd$ agreements do not prevent them from buying -

Then IMHO Newcrest would be forgiven for buying 5-10% of GGP which not only gives them their greater share in Havieron on the cheap but in addition 5-10% of ALL the other GGP assets including their 100% owned tenements - assuming the agreements do not prevent this then surely it has to be on the cards! Of course only time will tell!

The MM's had to do that today ...I think they wanted to let their mates...the old timers gang have their nice toast in their Champagne flutes this evening...enjoy

*Starvest

In their RNS released today

"Continuing to advance its Paterson project, Greatland Gold (LON:GGP) has commenced a box cut to establish a decline at the Havieron gold-copper deposit which continues to yield many exciting drill results. Growth drilling by operating partners Newcrest Mining is underway which has the potential to significantly increase the resource base at the project. A Pre-Feasibility Study is expected to be delivered in H2 2021. Greatland Gold have also been conducting their own exploration with new programmes commencing recently on the Paterson Juri JV area. In addition, last season's Scallywag drilling has shown strong indications of mineralisation in the area. We look forward to further encouraging news from Greatland Gold, which is well-funded and has an experienced team in place."

Well worded CB

cannot disagree with those that have been here (like me) from the beginning ......but have a very strong feeling that we are going to see something happen this month....cash flow positive production coupled with exploration would be super welcomed! Ducks Ducks

I don't know of any up and coming aim listed business that 500m in the bank.....other than the old timers who are they?

Onlygrowth...I'm happy to entertain negative posts...but yours is beyond stupid!....suggest you move on to another stock! Good luck to you!