Member Info for Dip666

pretty clear to me that Drill and Blast is now being utilised Red :-)

Excerpt from Notes from Proactive Interview regarding Interim Drill Results - 8 Sept 2022
https://www.ggpchat.co.uk/viewtopic.php?t=501

* And seeing some really good progress too as far as the decline?
- Yeah look we get a lot of questions around the decline, again just to recap, this Permian level was never meant to be homogenous, with depth it becomes more competent
- It’s had more time, more pressure, more heat and with that you’re seeing we’ve got through that difficult period through the start and now you’re starting to see that acceleration and importantly now the face is fully ‘drill and blast’ and that just goes to efficiencies
- So, good to see the ground conditions, good to see full drill and blast, good to see acceleration and now I think there’s the opportunity to add greater efficiencies, so that’s progressing well.

Notes from Proactive Interview regarding Interim Drill Results - 8 Sept 2022

Greatland Gold Plc's Shaun Day provides an exploration and development update for the Havieron gold-copper project in the Paterson region of Western Australia. He says the growth drilling campaign continues to deliver outstanding results as high-grade extensions to the mineralisation are identified across the ore body. Six drill rigs are currently on site - all focused on growth.

https://www.ggpchat.co.uk/viewtopic.php?t=501

@Max - neither of us has great insight into BluJay and I'll judge Roderick on his performance here going forward of course as that's what matters :-)
I imagine the annoyed posters are those holding averages above current SP, no point debating as you always ee the best in everything - which is endearing TBH lol
Definitely interestingly large buys coming in and I remain positive on UFO, not even annoyed about the placing, confused due to reasons stated.
We'll find out how good Roderick is now he's onboard, the only thing I'm upset with is LSE removing my zingers about Chris2 and DullStar - some classic put downs there mods - how dare you!

@Max - And currently at 5.6p so traders did well, investors who held - perhaps less happy.
Not had time to delve deeply into his previous appointments and been a torrid time for the sector so could be Roderick is completely blameless - or could be a combination of poor work by him and a torrid sector but he definitely wasn't seen as a loss on his exit by shareholders- that is a fact.
No offence intended Max as you find some great research items and I do appreciate that work... but rational and logical analysis is not your forte due to being a metal bug and reluctant to explore all scenarios besides the very outcomes.
You know me well enough to know I've never trolled or been pessimistic - just emailed them some good advice on comms and getting Roderick out there to talk about his vision.
No doubt the email won't be responded to so probs a waste of time - but clarity IS needed based on my point regarding mandate terms.
And I don't play kiss butt in any area of my life, if i met Rod in person I'd ask about his time at BluJay and perceptions on his leaving as he is now responsible for some of my wealth through Alien.

Ohmni - totally understand your frustration mate - have emailed the company as below* as think some clarity would assist here given their outlined plan on Han****.
I would say that we do have a route to production if Anglo confirm a deal and a lot of growth prospects with them on the rest of the iron ore.
But of course - personal decision on risk/return on any stock mate and I know money's tough for you so you have my sympathies.

* Email:
Hi,
As a shareholder it would be great to gain clarity on the mandate terms for Anglo requiring Alien to raise $5m of 'new equity' for Han**** related expenditure - given the latest placing is for non Han**** related expenditure.
Obviously - you can't state if/when another placing is due but some kind of funding plan outlined such as in Greatland Gold's latest corporate presentation might assist in that goal.
Clarity on this is key I would suggest as would be an interview from Roderick now he has been appointed officially with an updated outlook and vision across the Alien portfolio.
Great work by Bill and the team on building such a strong base of opportunities in Australia and I should add, many of us very much appreciate what Bill's done as CEO.
To be blunt Roderick's time at BluJay seems to have been perceived as less successful by their shareholders although fully aware of the volatile nature of AIM sentiment towards Directors.
Nonetheless, exciting to be heading into production into 2023 and Roderick appears to have a great background to assist with growth moving forward so I remain excited for the future.

Regards,

We know you don't need to enter ASX via an IPO route - you can do a direct listing onto the exchange and Shaun was at pains to point that out in the Proactive interview.
The latest corporate presentation slides seems to imply IMO that the plan is to become fully funded through the planned funding plan but it's not been categorically stated by Shaun - so we shouldn't assume and I certainly am not assuming we will until/unless it plays out.
An IPO can't be completely ruled out though as we need to consider all eventualities but neither is it a given as some are implying and the reasons we've been given for teh ASX cross listing were also in that interview - how much emphasis someone puts into what GGP's MD says is a personal decision of course.
As always DYOR :-)

Notes from Proactive Interview regarding Institutional Placing and funding Havieron - 25 Aug 2022
https://www.ggpchat.co.uk/viewtopic.php?t=484

@Freddie - You really going to start crying about ramping and deramping on THIS site of all sites, I bet you must get upset about Twitter for being so devisive or OMG... twerking on Instagram, how outrageous lol
Ramping and deramping goes on with every single board Freddie where someone posts - which is why I don't take anything at face value whomever posts it until I work them out over time.
I went away and found out how to understand what Bamps talks about and logged into the satellite sites and ensured I'm seeing what PG shared before starting to factor their posts into my research in 2019/20.
Turns out I was seeing the same things and PG's guesses on what might be a drill pad and activity was usually spot on, I liked Bamps work as the ore body starting shaping up around his predictions and it HAS. Our own MD and Callum are happy agreeing on those theories.
They and indeed other such as Hydro proved themselves to me over time and my own hard work in understanding what they were doing, I have differences of opinion on some of Hydro's thoughts outside geo/engineering topics around shorting etc. but so what - we all have opinions and not always identical.
You can accuse me of that ramping rubbish all you want but you won't get me being emotional or even hostile towards you as I see it for what it is and not wasting emotional energy on empty and angry groundless outbursts.
Plenty of folk have talked directly to me over TG or twitter and unlike many, I'm on those platforms WITHOUT anonymity and I've always said DYOR to anyone asking for investing advice as I'm just guessing as much as the next person and no one should base decisions on other peoples opinions.
I don't need to prove anything about being a ramper or not - my posting history talks for itself - opinions not facts and analysis plus the odd bit of conflict and p*ss taking of numpties like you :-)

I don't think I've been constantly ramping anything Freddie and been pretty consistent with DYOR and stating my opinions VS making predictions.
I didn't realise sharing research and opinions was ramping, now if I was posting i"m 100% certain the SP will be a £1 by xMAs I'd still argue why would anyone listen to me unless they know me personally?
Even if I had been ramping- which I dispute - you've never shown an inkling of concern for anyone else or collaborating and sharing knowledge so why would a selfish sort like you care?
What you mean is... I'm another person you blame for your investing decisions.
Hey momentum trading sucks when you get it wrong - but you've also had 20 months to exit - it's been your decision to remain or average down or whatever you've been doing you moaning minnie :-)

TomE - mate I was joking that you may have thought it was a Newcrest results night and end up having a few drinks like many of us do - including me and I'll call you a bare faced liar if you insist you haven't maybe had a few too many on some of those late night results :-))

Well here's what I took from Red's post Freddie:

Late FOMO buyers like your good self thought buying in 30's was derisked as is the case at a peak stock and sector market bubble and I agree and plenty of us others thought plenty more upside here.
Also in your case as a less research orientated investor who appears to have a wildcat approach to investing are often the kind to also be less patient sitting on losses and exit and have another punt elsewhere.

Prove me wrong, you know about as much about GGP as you did 20 months ago - pretty much nothing and I can say that being that I am often more than happy to answer your questions on this board sometimes to try and be supportive recognising you are sitting on a capital loss for a long time as are many others.

What of course needs to be proven over time is whether holding on here is the right thing to do to recover paper losses or should they be crystallised as GGP will end up going no where? Red can't claim it as a fact that holding GGP is the right thing to do TBF but he can state it as his opinion which is what he has done - as you voice plenty of yours too for our reading pleasure lol

It's so obvious to me that you invested just skimming through posts from the 'top table' of posters as you call them, you didn't verify or do any research so blaming them. Anyone who invests in a company without understanding the stated vision and strategy of a company can't then blame that company for not achieving them... you never knew what they were in the first place!

You went for a momentum trade and it kicked your ass as I assume you had your eyes on a certain percentage to then exit? Blame yourself mate, no on else, you weren't reading or understanding the posts from Bamps and co. so blaming them for your investing decisions is not logical.

Yep Tom - this is a GGP interim so RNS on Thursday morning but hey, if you want an excuse to get drunk mid-week just pretend you never read this post lol

I'd have to disagree TomE - the content in the results rarely disappoint!
I think the SP reaction is where many get themselves down building up excitement before and then allowing the lack of a SP move to take away from the content of the results - I mean we should be used to it by now really since 2020 unfortunately, I liek to break out of patterns that cause me annoyance :-)
I've got my mindset around to enjoying the results for the longer term implications for resource growth and financial viability of Havieron and TBH it has helped a bunch in learning about how to understand the drill data and how ore bodies are defined etc.
The market moves in cycles and so do sectors and pretty much everything else in life, at some stage money will flow back into the sector and potentially the 2nd lowest cost gold company on the planet once production commences should be able to attract plenty of it.
For now my advice to all is don't focus on the SP by end of week - focus on the technical aspects and implications of the new results tomorrow morning :-))

Worth noting that the JORC code is not a prescriptive manual of exactly how to do things but more so guiding principles so two consultants could create MRE's using different methodology and metrics and still have their work come up to JORC standards but Metalhead's assumptions do make sense that the higher the metal price then the more economic lower grades should be.
Of course we have to factor in some pressures from inflation etc. working the other way too but looking forward to the next couple of years with EH & MM and good to know we'll be focused on Oz projects so not too spread out now and with the advantage of revenue from Han****. Very clear MM piqued Rod's interest to approach UFO and he has been able to get the BOD onboard with a vision and plan he has set out - let's see if he can deliver now :-)

Wow Max you have just cast Bill aside like a used dish rag :-)
Personally I'll judge Roderick by what he brings in terms of results moving forward but somewhat of a concern he doesn't appear to being missed at his old appointment.
But he obviously has contacts and experience and plans that the UFO team likes so let's see what he can deliver.
Han**** progress in terms of development etc. is being managed by Bill and Lloyd etc. so don't envisage any issues there with Rod coming onboard and should help in theory with his experience in the executive side while the team continues doing what they were.

Just posted below on TG that for now we have to look at factors affecting SP and make our own minds up individually on what to focus on and our own outlooks... personally for me, it's not short term SP movements.

When it comes to the SP we just have a lot of macro headwinds unfortunately from market and sector sentiment to inflation against us that I can't blame Shaun for, other serious issues too including shortages around equipment and manpower on top of lab delays for drill results.
Therefore I have set my expectations on rerates conservatively in this environment and we kind of know what to expect from the DFS and personally I am very confident of a DTM being agreed.
My areas of focus currently are GGP becoming fully funded and the decline progress hopefully pushing production into 2023. I really don't watch the SP and trade action closely as just feel it is more so about hitting those milestones for now.
Hopefully we see a good rerate as production nears and macro tailwinds propelling us next year Vs headwinds but until we do, I just have to put off certain plans like many of us here, it is what it is, sometimes the market moves against you but by 2023 we may just be able to focus on decline progress, exploration at other tenements and production timelines if all goes to plan :-)

He said more than half, UFO needs to raise $5m themselves looking at the key terms in the mandate letter from the RNS.

The key terms of the Mandate Letter are set out below:

· IOCA has granted Anglo American an exclusivity period 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

· The parties have agreed to negotiate and, subject to due diligence satisfactory to Anglo American and Anglo American's internal approvals, agree legally binding documentation for:
i. the provision by Anglo American of US$10 million of debt funding for Han**** repayable over two years; and
ii. off-take by Anglo American of 100% of iron ore products from Han****, which will include vessel prepayments of up to US$5 million for the first 12 months, for an initial period of 3 years or longer should the minimum quantity not be delivered.

· Conditions precedent, customary for transactions of this nature, including but not limited to:
i. new equity raised by Alien, and evidence that such amount has been utilised for Han**** in this case, of US$5 million;
ii. relevant reports, such as a technical report, environmental report, insurance report and legal due diligence report;
iii. documentation for mandatory hedging to be executed and provided by a third party or Anglo American; and
iv. permits, approvals, licenses in relation to the mining and construction and operation of the Project including, confirmed port allocation and permit to use main road.

· It is noted that whilst the terms of the Mandate Letter in particular as regards exclusivity, confidentiality and fees are expressed to be legally binding the indicative terms of any project funding and off-take are not and therefore are subject to definitive documentation.

* Well I mean they are quite keen if they're deciding to take a hundred percent of the off-take of the iron ore product that you have?
- well absolutely, I mean the product, you know all the tests we've done so far it's great product it's you know it's that that key 60 plus percent with low deleterious you know material inside
- so it is a good… really good quality product and you know they obviously strive for different levels of product
- what should we get to this point and they yeah we get to a final agreement then they'll have options they can use it for, blending lower grade material to bring that up to standard or you know obviously their choice maybe just send it straight to you know, to the market to put into the furnaces.

* And so what can we expect as a next update on the iron ore project?
- well we're just getting final results too from the recent little bit of recent drilling on the two ridges, so we going to then once we've got those, that's all infill to hopefully update the resource and hopefully bring it up to the next level
- then it's just continuing what we've been doing you know as permitting comes through as you know different stages of where we're at
- with you know we're planning on the highway intersection on the studies we're doing, getting that haul road route sort of granted access to permission for works, all those sorts of things you know just continue
- and then results from Brockman or you know get drilling there and start getting some results through, it's still a big log jam for analysis (lab delays) but you know we'll just keep the market informed and as I say hopefully with Vivash once we can get some boots on the ground do some work there, start getting a sense of you know planning for next year.
* Oh, that's great, well Bill thank you very much for joining us and we look forward to catching up with you again very soon
- well Bonnie, always a pleasure, thanks very much.

* And thank you everyone for joining us on Share Talk.

THE END.

* And what other things on the project would you like to accomplish in order to get this fast track to production?
- I think to be honest everything in the background is going really well you know. we've signed an initial heritage agreement, the permitting for the mining lease is ongoing
- all the different aspects of the studies that need to be done so they're forging ahead very well
- our recent agreement with Anglo-American for their… an opportunity for them to really look at the project and see if there's interest there with a possible up to 15 million US dollar funding and an initial off-take agreement
- I think adds huge kudos to the project and shows that even the prelim studies they've done they like the project, they like the product and you know feel that it's something that they'd like to add to their portfolio which is great
- I mean it's… and having that potential for some pre-funding you know more than half pre-funding of what we're looking at is the Capex needed to get the project off the ground and also with such a such a major party who… you know again it de-risks the project and makes it much more viable
- so yeah we're very excited by everywhere we are today and the team is still pushing hard to you know to get us into production early next year, you know next year, let's see where we get to but that that's our strategy and we're carrying on that in that vein.

* I mean that's a major accomplishment to get a major mining company like Anglo-American to sign a mandate letter, so you must have been in ongoing discussions with them over the past several months?
- yeah, no we've been we've been talking to the team at Anglo for yeah two three months I’d say and they've been really open and flexible on you know the term, the initial terms that we've currently sort of agreed on and as I say I think they're keen for the product
- they see what we currently have as a resource but I think they also see the potential for both more resources that we've yet to work on and define hopefully at Han**** but don't forget we've got Brockman which I’m hoping with you to drill, we're going to get on the ground the next few weeks to do our maiden drilling there which with you know the sentiment and from historic work we hope that will that will be potentially a second resource
- and with the recent acquisition of Vivash Gorge you know close to Brockman we also have a sense that there might be more product there so I’d like to think that they… they're comfortable working with the team and I think Lloyd and Aaron especially in Perth have done a great job working with Anglo but that this is hopefully the style of a longer-term relationship and you know a larger sort of off-take and product available for them to carry on purchasing.

CONTD...

Notes from Sharetalk interview re. Acquisition agreement boosts Han**** Development - 06 Sept 2022

Download Link:
https://www.mediafire.com/file/wzp5p9ryf0eb9yz/Notes_from_Sharetalk_interview_reAcquisition_agreement_boosts_Han****_Development_-_06_Sept_2022.pdf/file

Interview:
https://youtu.be/6PG0CC9sNHE

Created from a messy Transcript export from YouTube

*Hello and welcome to Share Talk I am Bonnie Hughes, Alien Metals is back on Share Talk to update us on the latest news about their rapidly advancing to production Han**** iron ore project in Western Australia, Bill Brody Good CEO will tell us all about it, hello Bill
- hi bonnie nice to see you again

*Yes, nice to see you again too, so yesterday Alien Metals announced a strategic acquisition agreement to further boost the development of the Han**** iron ore project in Western Australia, you commented that this is a key strategic acquisition of the tenement application located on the southern boundary of Han****. How significant is this to the future development of the project?
- well it's strategically… it's incredibly important because the main… so the access the main haul access from the resources at Han**** that we've defined pass through this tenement the Malina 3752 tenement so it gives us now ability to sort of manage and control the tenement for you know for, for sort of continuing our fast track development work for getting that haul road installed and you know there'… it's still a, it's a tenement in an iron ore environment so further down the track there might well be iron ore that is of interest to the project
- but that's much further down so strategically it's key really to get the most… the shortest route from the resource to the Great Northern Highway where the plan is obviously to then transport the product to market via the… via the highway up to Port Utah Point.

* So this assists in basically the logistics of getting the iron ore to road or rail?
- yeah absolutely and again it… without then you know not the Malina necessarily is an unfriendly party but it just gives us the you know the comfort I suppose in an another level of de-risk that we now will be controlling that tenement
- and as I say there might be upside on the iron ore but key at this point is then we can hopefully fast-track the development of the haul road you know, get the necessary permitting in place so that we could just push ahead as a sort of within in-house so to speak.

CONTD...

Generous as always Paddy lol

See nothing to worry about Freddie Biswas :-)