Member Info for deserttrader

I know its a long way off, but SD did say he preferred buying back shares than dividends - anyway many things can change by then.

Matty - I have been in GGP for almost 15 years, so yes I am still well in profit however I have only myself to blame for not selling out large amounts when the SP was in the mid 30s. Even a family member was telling me everyday in Dec 2020 and early Jan 21 (before the bubble burst) to sell. I thought otherwise, thats my fault. We have two decisions to make get out or believe in management's vision to build GGP into a mid cap/large multi commodity producer and slowly rebuild the SP. Best of luck.

Thanks everyone, noted, makes sense.

Just to add, not one mention of Hav. throughout the entire presentation, unless I have missed it!

Interesting read Dip. Slide 5 - Telfer one of six "anticipated divestitures". And yet not one mention of Havieron.

Thanks Thompi. CC has set out the company's goals for the remainder of the year as far as the therapeutics arm is concerned. As shareholders we can now measure her performance at the end of the year based on these targets. To me that is refreshing from senior management. No BS, straight to the point. Clarity is what II funds like to see.

So in summary we need clarity of mission and a pipeline before any Nasdaq listing. Fair play to CC she states it clearly and set outs one of the key objectives for the rest of the year.

Today, I feel is a new era on Avacta's journey.

New Chairman in place

Recent CEO in place

Efficiency processes in place (a first in a long time)

Stabilising and growing cashflow

SAB in place

Search for CFO now

New Non exec

and we haven't talked about the trails continuing with no DLT.

Vamos Avacta!

There was an interview with a rep. from the World gold council on Sky news business segment earlier in the week with Ian King. He explained that the Chinese gov have been buying gold for the last 17 months consecutively. He sees no slowing up either. Apparently the reason is that only approx 4% of their foreign exchange reserves are in gold. Where as many of their peers have a double digit percentage. I wasn't able to watch the whole interview but it was a great insight.

As we have known for a while we have gold equivalent of mineral resource of 8.2 AU eq. I noticed that from the small print it reads based off "gold equivalents (AuEq) based on assumed prices of US$1,400/oz Au and US$3.40/lb Cu". We are currently sitting on current prices approx. US$2300/oz Au and US$4.5/Ib Cu - Will companies raise the assumed prices?

Well I am glad I asked Bamps of his opinion/view earlier today for what it's worth. Just watched the interview, very positive few minutes of information we all had been crying out for - well done SD. Would loved to have asked him potential timelines on the water management and resumption of drilling. Can't ask for everything I guess. With regards to Newmont next steps, it was hard to tell from SD's words where we are most likely heading. However perfect reply, acknowledge Newmont with respect that he would be disappointed if they exit, but at the same time if they do, it presents a great opportunity for GGP. Onwards Greatlanders!

Thanks Bamps.

Freddie - I acknowledge we need the facts from GGP and co, sooner rather than later, but I only asked Bamps for his views, so all fine and well.

Thanks for the insight Bamps. So in summary what are the key next steps for them? If able would you have a rough estimate on timelines. I know people talk about the remaining stake of Hav and Telfer however I am more concerned about the state of the decline. We all had hoped we would have been close to the motherland by now, but alas this is going to take time. I do wish GGP would issue an update. (I know we are not the managers).

I noticed its ANZAC day tomorrow (public holiday), hopefully GGP will still get something out!

What day are we expecting MH?

Thanks for the replies. I am concerned of more dilution, therefore I would be happy if we are able to obtain a smaller stake in HAV than first thought but through debt as opposed to more dillution. For me I would be delighted to get ourselves back to somewhere reasonably close (80%) to our all time SP high but we have a long journey ahead. Just my thoughts

As we await for a much needed positive update, would be interested to listen to views about potential finance options to purchase the Teller plant and the remaining 70% of HAV.

With that POG, I wish we were 12 months on in our drilling!

To be fair BEIN, the 18th March RNS was "updated results". Cristina tweeted 2 days ago - "full updated data". Avacta's tweet was "full presentation update." All will be revealed or not on Tuesday!

Thanks MH01, although if the de-watering had been concluded and the decline recommenced, I would imagine that be worthy of a RNS.