Member Info for Dip666

You'd almost think due to low liquidity some are trying to get their hands on shares by any means necessary playing with fears around any area they can think of, shame how they manage to fan those flames so those actually invested start repeating the unfounded and illogical claims.
It makes no sense for Shaun to have pushed the value during the Option Exercise up 5 fold from the PFS baseline last year if he was part of some conspiracy to pick up GGP cheap...

Sometimes you have the draw the little weirdos out midas so they can do the job for you instead of posting away for days on end being more boring than anything else :-)

Most aren't sophisticated and wealthy shysters, just sad and sorry individuals with fragile ego's and flawed personalities, so they will always bite. It's the ones that are very clever and can twist the numbers and data that are a real issue as they can get inside folks heads, that lot are usually smarter about not losing their cool or needing to feed an ego.

Hi all,

Rotherby ( @Rotherby1 on TG) has been trying to organise a Midlands Meet for GGP Shareholders to little avail to date unfortunately. He’s thinking somewhere along the A50 corridor so it covers the West Mids, North, Manchester/Leeds and South for a bigger catchment area for those who are out of range of the existing meets.

Could you let Rotherby know if you’re interested in the forum link below and once he gets an idea of numbers and locations, can work on choosing a central-ish location and pinning down a drinking establishment :-))

https://www.ggpchat.co.uk/viewtopic.php?t=241

(Ignore the Tamworth in the forum title as that was when Liam was hoping to organise one on his UK tour last year!)

Great news with the claim very much being further legitimised by the SPA and be interesting to see what directions the company takes too in terms of other projects once concluded :-)

@Freddie - It's never personal with these corporate types mate - as they say.. 'It's just business' :-)

I'd say the relationship changed when NCM realised GGP weren't going anywhere bringing Shaun in to build a team but holding themselves tightly onto NCM and riding into production instead of using the Option Exercise as a price determination to do a deal.

A deal we wouldn't have liked I think from what my post shows as either long or short term holders, but how were we to know at the time really? Despite that we're still in the game vs being bought out, so I have faith we have the right team to see good outcomes for shareholders despite the current challenges, won't be plain sailing though, it never is :-)

Say we'd not published our own MRE, the Stage 1 PFS had Hav worth overall about $228m USD from Shaun's 'Price Not Value' presentation afterwards, it was the work GGP did that pushed it to $1.2bn USD after the option exercise (despite the JVA restrictions ensuring even that is not a true FMV).

Without an independent MRE and winning the price determination:
- 5% of $228m was theoretically priced at around $11.4m from an outdated and conservative PFS as the baseline
- with some upside for drilling data up to data cut off date, but without an MRE it really was very theoretical in nature what value to place on that upside
- multiply by 6 to get our 30% stake = $68.4m
- plus the 'upside' without a JORC standard MRE update to pin it down commercially
- minus whatever the balance of the $50m NCM loan was
- adding our cash balance at the time

...and perhaps NCM just decided to sit it out and try and buy GGP cheaper if the SP tanked heavily if they won the option exercise?

I'm not aware of any offer NCM have ever made to date coming to light. If they had struck a deal we'd have had nothing but some cash in bank (nothing near inexhaustible funds) and unproven tenements to use up those funds before we hopefully hit up another discovery and of course a discovery has it's own capital requirements to explore and eventually develop - almost back to square one?

If we can navigate the next year we will have revenue with a quick path to FCF and plenty of optionality through Hav, prospective ground and inorganic opportunities IMO.

Fair enough Freddie and for sure GGP picked 'the road less travelled' in deciding to pursue production vs divestment.

But don't forget that it was the old BOD and NOT Shaun who decided to pursue becoming a producer and they employed Shaun with the remit to get GGP funded and grow a mining company vs explorer who divests discoveries. Shaun was employed to do what he has been doing, it wasn't his choice as such. When you invested in early 2021, the play book was set for the company to go for this route.

By upsetting Newcrest, do you mean by GGP publishing an MRE themselves?

Had Shaun not done that then we'd have had a much lower price stamped on 5% of Havieron in the Option Exercise, way below the $50m loan from NCM and $60m we ended up with. Whether they exercised it or not I very much doubt that there would have been a funding package agreed without a DFS and our SP would have sunk lower than where we are now and NCM would have probably struck . And if not then we'd be sat there with zero funding secured while this Newmont bid runs on and delays the DFS...

I think Panama is spot on with a fire sale scenario if Shaun hadn't taken those steps, we're still in the game and a production rerate into 2024 may or may not not bring us back to the heady heights of 2020 but surely better than being snapped up for mere pence last year...

The SP has declined Freddie but is it due to SD's decisions or the sector and market dynamics in entirety or some extent, that is up to your own opinion on where blame is owned or shared...

IMO I think were it not for SD, we'd have been bought up last year for peanuts after what transpired around the option exercise, certainly had I known what was going to play out these last 2 years, I'd have sold up completely in 2020 - but that is hindsight speaking and I've better things ot do than worry about what might have been, deal with the present and plan ahead is my way.

Fair enough you guys disagree with the steps SD took to IMO clear up a cashflow issue and protect us from a low bid from NCM. you must have some strong ideas on what he should have done instead.. the question I have is what you, IOT or SS think SD should have done instead?

IOT - Only a fool discounts any probable scenario in any area of life BUT you can decide for yourself how likely each outcome might be and adapt your thoughts as matters progress. It's when all someone does is explore extremes of either side of the coin and instead of discussing maturely seem to project narratives that I personally have an issue. You're making assertions like a spiteful child hoping to rattle others rather than as an adult considering pro's and con's of their investment.

Some seem to think that the end strategy for Wyloo is for a T/O of GGP and many disagree and think it is a more supportive relationship - at least at the current time. I've posted a link for an article earlier that focuses on a bigger picture here where perhaps the decision to make a play for Mincor is due to Twiggy's tactics towards BHP.

There may be boardroom tensions for all we know between Wyloo and Mincor too, or funding issues with their projects given recent events such as SVB and Credit Suisse. The thing is we'd be reacting to any such scenario anyway, so all you can do is observe, learn and consider ramifications and strategies if it were us.

Often a bigger chess board and bigger picture to consider and thx to Popsy on TG for sourcing this very insightful article, there are a lot of other considerations related to perhaps Twiggy and BHP dynamics shaping this too.

https://t.co/p7VKvBBHMF

Hey all, there is no 'loss', Bamps isn't posting here BUT you can bookmark the 1st link below and read all his posts and thoughts if not logged into the forum and the 2nd if you are logged into the forum to catch up on any new posts since your last visit... perhaps Bamps will be back after a break :-)

1/ https://www.ggpchat.co.uk/search.php?author_id=144&sr=posts

2/ https://www.ggpchat.co.uk/search.php?search_id=unreadposts

Of course there are official RNS's etc. as Freddie2 said, but the job many do is break things down to analyse and explain in more accessible form to fellow investors alongside sharing opinions in their specialist areas. Thanks to Bamps and others I can better understand drill data, consider cut-offs, watch out for grade smearing and understand the geo aspects in feasibility studies and MRE's.

There are other folk here with backgrounds in finance that really help breakdown the numbers and those from areas such as management and business strategy that can focus on ours. While some don't seem to appreciate this, it is notable most of them offer nothing in return but critique of other peoples work.

Self interest may be an integral part of the human nature but many of us continue to do the one thing that has enabled humans to move on from living in caves wearing furs grunting at each other and being slaves to the elements - collaborate, teach and learn from each other :-)

Some just prefer the live-chat nature of TG and others are ingrained here and easier perhaps if invested in many stocks, but the forum has become a great research library for all things GGP, so it's found it's niche and use case Monty. It's great being able to catalogue things there using media if required and repost and reuse as needed :-)

Hi Z - it is a shame, as you know yourself - the more you post and get recommends then the more you get targeted by the idiots. It gets tiresome defending your posts or personal attacks constantly and eventually you either post less or stop altogether as Bamps has.

Nothing stopping any of us reposting Bamps posts on the GGPChat forum here and if you bookmark the link below, it will ensure you don't miss any posts from him :-)

https://www.ggpchat.co.uk/search.php?author_id=144&sr=posts

We've been here before L-A :-)

I'm more stubborn than most about never backing away from a 'fight' but we can't fix something that we have no control over and where the desired outcome by the owners is footfall for ad revenue and subscriptions vs quality posts and discourse. They like a bit of drama to fan high volumes of posts ... so nothing is going to change and banned posters will still return under new guises.

We've got the GGPChat forum to share and file away useful research that can easily be reposted here so it doesn't get lost in the mists of time under purposeful swamping of such threads, as you've used in the past for your own excellent posts around various areas L-A.

And no one is effing with that, pardon my French as that is set up and run by PI's with no commercial interest. And some use TG full stop if they can't stand posting/reading here now or stick to twitter etc. and plenty of us still put effort here to clear up any either purposeful or unintentional misunderstandings around the facts.

Horses for courses as they say, so best way forward seems to be to craft any useful info. on GGPChat and then repost here as and when needed to hopefully keep more ingrained LSE users and potential new investors informed. Hey as the great Bruce Lee said...Be Like Water.

@Red - as Barna has pointed out it had just breached 1000m during Nov '22 in 08 Dec RNS (Ref 1).

*08 Dec '22
- 1000m breached in Nov, no breakdown on what is main access decline and what is decline support

*18 Jan '23
- 1519m, approx 1300m for main access decline

*16 Mar '23
- Exceeding 1,850m including over 1,520m advance of the main access decline

*Ref 1
https://polaris.brighterir.com/public/greatland_gold/news/rns/story/rdnd34w
Development of the exploration decline reached a significant milestone during the month of November 2022 with 1,000 metres of decline development achieved. Advance rates have continually improved after the transition to drill and blasting of the development face and reached the point where the decline is now in compliance with the currently forecasted schedule. Works are also ongoing to progress the necessary approvals and permits required to commence construction of the infrastructure which will support, subject to a positive decision to mine, production at Havieron.

@Red - the information is all there, you need to perhaps argue less and be more diligent with your own research.

The latest RNS said 1520m for the main ramp and decline support excavations for ventilation, services and materials handling taking the total development to over 1,850m, the last explration update in late Jan for just over 1500m of advancement was approx 1300m for the main ramp and the remaining 200m were decline support excavations.

Excerpt from the latest interview and suggest you read the last part carefully to understand the point of the rest of the work, they're planning to make this a production ready decline with ability to extract 3mtpa of ore vs the 2mtpa from the PFS.
https://www.ggpchat.co.uk/viewtopic.php?t=685

*What’s been going on, on the development side now?
- Yeah look the developments been going from strength to strength
- Really pleased with that, 1850m of development now so another really good month of advancement and you see that’s about 1550m of actual ‘chainage’ which is how long that ramp goes
- The other 300m is stockpiles, overtaking lanes and all the other development you need to do to make that a really productive piece of infrastructure.

Now below is an excerpt from interview with Liam in Jan:
https://www.ggpchat.co.uk/viewtopic.php?t=650

00:25:47:10 - 00:26:19:11
Shaun
So that is that is a focus for us. You know, we announced that we're over 1500 meters of decline advancement or sorry Decline development. I think people should understand that in terms of change that is actual decline development. It's probably closer to about 1300 meters with the delta there being in that stockpile development and passing bays. That's always been part of the plan.

Notes from Proactive Interview re. Havieron Results - 16 Mar 2023

https://www.ggpchat.co.uk/viewtopic.php?t=685

Freddo stop being a bunny boiler stalker, Costa and Hydro don't post in the main TG group either nowadays which plenty can verify chap :-)

Ham is obs a farmer as he shares the trials and tribulations of farming in the modern age and soon releasing a documentary series to rival Clarkson's called 'Hammin' it Up' on Netflix.

And as for Ace being Hydro.. come on, who'd pretend to be an Aussie for gods sake man?!

Sorry Ace, that's for ShaunGate :-))

p.s I knew it CullPepper... you're a plant for the Chinese to get hold of GGP!
#ChineseWhispers

Rational Assessors keeping track and running projections over on here Merc :-)

https://www.ggpchat.co.uk/viewtopic.php?t=479

*Highlights *
§ Decline development: significant progress continues to be made with total development now exceeding 1,850m including over 1,520m advance of the main access decline
§ Geotechnical conditions: improved geotechnical conditions have enabled increased productivity resulting in development outperforming the current schedule by 10%
§ Drilling results: drilling confirms the presence of high grade gold and copper mineralisation outside the current Mineral Resource with recent results including:
- Northern Breccia: 29.9m @ 3.9g/t Au and 0.01% Cu from 945.1m
- Eastern Breccia: 57m @ 2.1g/t Au and 0.19% Cu from 1,262m

*Greatland Managing Director, Shaun Day, commented:*
"The Havieron team continues to deliver strong results at the project. Total development has now surpassed 1,850m and pleasingly, decline development is continuing ahead of the current schedule."
"Our most recent drilling activities highlight the potential of high grade mineralisation outside the Southeast Crescent which could add significant value to the mine plan at Havieron with additional gold and copper mineralisation intersected at the Northern and Eastern Breccia zones."

*Development Update*
The main decline continues to progress ahead of the current schedule having surpassed 1,520m. Decline support excavations for ventilation, services and materials handling takes the total development to over 1,850m.
The total advance is 10% ahead of the current schedule due to improved geotechnical conditions and the ongoing focus on productivity improvements.