Member Info for Dip666

Notes from Sunday Roast Podcast regarding grant for Ernest Giles and overview of GGP - 20 Oct 2022
https://www.ggpchat.co.uk/viewtopic.php?t=582

As someone pointed out to me, readmission BY early 2023 :-))

Wents - an excerpt from RNS mate, hopefully we get the timeline met but there is contingency made for extensions and we were informed of this. Hopefully we get the RNS we all want soon of course but the devil is always in the detail as they say! :-)

Excerpt - Wed, 31st Aug
· Exclusive right commences immediately and will conclude the earlier of 60 calendar days after IOCA delivers to Anglo American an agreed Base Case Financial Model together with all necessary supporting documents or such later date that the parties may agree upon.

Stop worrying Wents - silver will be able to predict when the RNS is due lol

Come on wents... exclusivity agreement while they do DD to ensure everything will be as required and in place and perhaps the exclusivity is also as other interested parties so this lock things up if all parameters are met, usually how it works.
You've gone from constant criticising of any positivity the last 2 years to now being unable to be patient about something critical such as the Anglo deal. Do you realise how long complex deals can take of any nature, the massive amount of work that goes into all aspects from legal to financial and in this case licensing, permitting etc. No doubt the financial model requires locking in suppliers etc. too and given the contractor model, a lot of work there.
It may well require an extension given all of the above, hopefully not but I'd rather a well structured deal and a few weeks or months in production delay at Han**** not the end of the world really.

The readmission should enable Dev to utilise funding from Riverfort to fuel further growth, it's how this kind of business is built and I agree we need to see the revenue figures. But again, that takes time with subscription, delivery, payment, processing and the reporting we as Shareholders are privy too.
We know that readmission isn't happening until early next year now so just need to get on with other things. It is a pain in the butt as the market has declined in the meantime and plenty here with urgent need for the cash but we all know you never invest money you might need especially in a company growing as Dev is as can often be suspended around deals and mergers and of course... it is irritating it is taking this long.
The positives are massive in-roads into the most viable market globally for Edtech, the various revenue channels too along with all the other progress internationally into key markets, the influential Business Advisory and Intelligence Group we formed and also the key staff we've attracted for the company further strengthening the company for global expansion.
Edtech CAGR even pre-pandemic was excellent and why I invested here and Dev have managed to now build a presence in the market as a key player and also establish funding to underpin their plans along with a lot of progress on that journey.

Hi Blantyreboy, ah you mean for EG mate, heritage access still being cleared so not sure how soon they will be able to drill but RNS says access being finalised, fingers crossed:-)

Silver, does that John guy want you telling everyone he won the euromillions unless he went public?!

Hi Blantyreboy, Quarterlies are next Wednesday night mate :-)

Hi Ben, wasn't my call to close the TG group to new users and I disagreed with that decision personally and TBF we've all continued sharing our work here since the GGPChat forum was also started. The GGPChat forum has become more of an online library than a chat site as most prefer chatting here or TG. So comparing them is a bit like comparing a trowel with a drill mate :-)

The more you share information or research here the more you get targeted . It gets irritating mate and the site owners won't do anything so unfortunately the sad reality is the number of posts have dried up from hundreds to about 100 max most days perhaps now?

'War' drives innovation and now there's a big shiny tank we can use to drive right over the trolls by just linking to all the work on the forum. Change needs to be embraced mate, the forum isn't a chat site as originally intended but a huge knowledge base. It's become a 'weapon' to fire back at the trolls, this site and Telegram are the communication channels where we can share the work with the community.

One is not the enemy of the other :-))

The same as Shaun did Freddo, he seemed as surprised as anyone they decided not to proceed and some of us did a heck of a lot of work looking into the valmin code and valuation methodology and sharing that information for like-minded shareholders. Easy to criticise others than contribute ;-)

@Bluetoff - sry mate, got sidetracked there, to answer your question the TG groups closed off for new members (not my decision, I just help admin with a few others as a favour to Liam to take some pressure off him ) but the site below is where Paddy, Bamps, Hydro and many others now post thoughts and research in long form and we can use media too, It's really working well as a research and knowledge hub :-)

www.ggpchat.co.uk

Tymers - 1 have the taste of blood for trollbashing too much to stay away completely my little fluffykins... you keep using my name so fondly, I feel I should reciprocate in kind lol

IOT, wish you'd put the Special Brew down and sit on your hands so you can't type.. and save us from your drunk ramblings, it's like Rab C Nesbitt and Frank Gallagher had a lovechild.
Perhaps stick to EUA where I hope "In a Little While" isn't playing on loop for too long because some of us wish the best for others :-)

Freddo, the Top Table is like the mafia ....once you're in, the only way out is ... permanent!
We'd hate for you to have 'an accident'..... :-))

oj - you can't research a share from chat board replies alone mate despite the level of research shared here. I completely disagree with usefulness of such a singular approach, I researched GGP, geology and exploration techniques for a couple months before posting on this board.... and I posted to say thank you for all the research available from others and that I'd invested here.

PI's have built a site to share research here:
ggpchat.co.uk

Some points to note:
- GGP are funded double the assumptions made in PFS, DFS will increase production profile by 50% to 3mtpa
- The SLOS starter mine has a quick payback period and route to FCF that will assist in funding bulk mining, 1st zone for bulk mining will have a PFS delivered within 3 years and assume a lot of prep work will be conducted during SLOS mine development and production in readiness for this
- NCM could easily cover the CAPEX requirements with existing fiscal position, only board approval required
- read the thread "Assay results due?" for a thoughts on why NCM are more than likely to go ahead such as expense/effort to date, production not exploration decline pre DFS and many more reasons such as Telfer now running dry and yet the strategic plan to turn it into a regional hub for the gold discoveries that are taking shape as viable projects in the Paterson
- I would research the new board additions, the three banks underpinning our debt funding and Wyloo to understand what a Plan B might entail in regards to access to capital, as Panama posted yesterday... our MD is quite the strategist.

Currently the macro is not favouring gold and goldies and may not for a while perhaps acting as drivers to interest rate rises longer than anticipated - it is what it is.
And investing in stocks is currently not attractive or feasible to many due to pressures on paying for the bare essentials like food, energy and the roof over their heads....
We really should focus on the fact that GGP now has the funds to go to production and no longer a target for an easy takeover at bargain basement prices should Sandeep be sitting there stroking a white cat on his lap chuckling away at our SP - his own shareholders are hardly in ecstasy over theirs and the divvies.
The rest will take care of itself in time IMHO and of course DYOR as always :-))

You didn't start anything Panama, these posts will keep coming from 'concerned citizens' and your post earlier actually inspired mine in a positive way. You've always been very insightful and positive so just keep at it :-)

The detractors have moved on from saying:
-grade smearing was muddying the results in 2020 to
- NCM buying us for cheap as chips in 2021 using the option exercise as a proice discovery event to
- we can't get funded in 2022 to
- now saying NCM won't go ahead or the Ozzies will take us over

They need to pick on the next potential point of fear to try and sow more fear for whatever purposes they have. You were completely correct to state that insto's and investors looking to benefit from the production rerate are going to wait for official confirmation and with insto's probably a prerequisite before investing. In fact I would say they will want to time themselves into a closer window to production too so patience will be required as a more definite and hopefully near term ETA is confirmed :-)

OJ, a bit of homework for you mate:

- NCM Annual report to ascertain strategical plans and financial capability for funding stated growth plans
- Telfer lifecycle without Havieron being green lit and what decommissioning involves
- Havieron CAPEX requirements and PFS
- Expected DFS assumptions and growth projection
- Earlier posts today by many re. DTM likelihood
- JV structure around DTM as outlined by Sandgrounded
- Research GGP's recent developments around funding and strategical partnerships

Feel free to share your thoughts afterwards on the likelihood of NCM not proceeding as certainly won't be due to financial incapability or strategical direction and what a potential Plan B for GGP might entail should this very unlikely event come to transpire.

lol Ace, IOT is for sure a few slices short of a loaf :-)
I loved it Loggy and same as mate, few of us who preferred FTSE learning our way around AIM explorers and it hasn't been boring... a bit more boring might be nice!
Placings and dilution aren't necessarily bad when they lead to funding viable projects and so forth but what I see is a lot of trauma victims on AIM boards burned by irresponsible companies so even the good ones can't escape the general reception such events create.
What can't be argued with is the overwhelming support given to the funding framework, the quality of the banks, new additions to the board and Wyloo positioning themselves alongside the company. I am of the mind that the ceiling for this company will far eclipse the previous ATH in the future if everything plays out as I feel it should.
Think a nice workouts got the caffeine levels down so posting less 'ramped up' now,
Facts not FUD is all I can say mate :-))

Oh IOT - you're such a fountain of joy and positivity mate!
Okay... so the cake has shrunk since 2020 and indeed now been cut into more slices.
BUT the reasons the cake slices were made is to hopefully engender growth in the medium to long term so we eventually end up with a far bigger cake ergo more profits.
We're now able to put the cake into the oven and bake it.
I do hope I kept this post as non-technical for you as possible mate :-))