Member Info for Dip666

Mention in Havieron is 15m 30secs in and this is what Shaun had to say in the Webinar on 21st July when asked to discuss nickel:

* Okay back to the back to the base metals Dip says could you talk about nickel please
- yeah look that's you know we think there's additional opportunity for these minerals there
- we assay for it it's not part of what we release

* Do you find it though I think it's what they're asking?
- yeah well I think there's finding it and there's finding it in commercial volumes so that's something that we keep I think as a GGP team we we've got a little bit of focus on
- so yeah I think potentially with that accelerated learning curve that we've had through this process it does position us where we can you know think through that and see if we can't knit that together
- our preference if we were going to comment on that publicly would again would be to do it with Newcrest but if we feel we need to provide an update I think again this is an opportunity where we think of things first with ….a equally with the joint venture hat on and around our obligation to our shareholders
- and we have an obligation under the market to release material information, we have an obligation to keep it informed so you know that's something that we try to understand but we also have confidentiality agreements which are you know undertakings in the JVA
- so there's a balance there's a negotiated path that that we try to apply but you know watch that space, it's certainly something that our geological team spends time energy and effort trying to understand

Hi Monty,

Absolutely happy to say I was wrong, I'm now saying it was GGP's valuation as Shaun seems to be saying it was from his interview IMO, after Sprotts note I though perhaps we'd gone in plus or minus 10% of their 'average'.

I'm an adult and a balanced one Monty, if evidence suggests I am wrong I am happy to change my mind and admit I was wrong - a sensible approach to ensure you remain flexible and open to change and improving yourself!

It did surprise me but I realise now how absolutely cr@ppy the option exercise restrictions must be if that was GGP's valuation, but how were any of us to know without being privy to the JVA and I always acknowledges looking at the code and valuation techniques in quite some depth and sharing the work here that the outcome could be across a massive range of possibilities and values.

I can't believe the old leadership team agreed to the option exercise and hope they didn't suggest it in the first place - but it's time to move on - the team we have now are unlikely to repeat such a mistake - IMO :-)

Claire - you've also described Aviator's journey on this site lol
You and Sheldrake are as bad as each other - sorry I meant Aviator and Sheldrake of course.
Good job on making this board as useless as the ADVFN one you pontificate on with your boring witless waffle too - someone should write a screenplay around your mental zombification powers lol

I expanded on the post I made in regards to the $60m being a price achieved in a prescriptive process rather than FMV in link below as a lengthy post with some images:

https://www.ggpchat.co.uk/viewtopic.php?t=365

p.s @NothingSpecial - it is a Feasibility Study not Pre-Feasibility due from October onwards, we had the PFS last October and the GGP MRE has built markedly on that with resource, reserve and mine plan etc.

The 5.3 times higher gain is in relation to what NCM wanted to set the foundations at to price the 5% upwards from.

Freddie I haven't seen any non abusive posts deleted, only thing I have seen is a couple of people reminded to back up assumptions with reasoning and that includes positive assumptions too, it's a good rule to have to avoid mindless ramping or deramping and you are encouraged to give feedback to the developers to consider on both rules and the layout.
Shame it needed to be created but 3asy enough to signpost to links there and it's turned into a nice encyclopedia of GGP research and data like the shorting stuff they kept on deleting here..... this site has to ensure they don't upset the market maker, listed companies and institutions TBF so I understand why but without that information it leaves us normal investors open to manipulation.
Well fair play to the guys who set the new forum out as now it can be shared :-))

It is a chat board of opinions and assumptions made from official data and facts Tymers much the same as this board but unlike this board trolls will be banned as oppose to the posters trying to combat them. Any assumptions have to be backed up over there with sound reasoning so you couldn't just state 88p value without calcs as an example.......
I didn't see you managing to deal with the trolls and detractors here BTW as you said you would, have you been able to explain the reasoning behind the FMV outcome being a price based on restrictive methodology vs a true valuation of 5% of the miming lease?
No you haven't so perhaps those looking for such discussion or just to anonymously read as no need to register over there might enjoy doing so.
Thank you:-)
https://www.ggpchat.co.uk/

3 to 5 day lag apparently in shorting data so next week should be more telling ;-)
There is a reason many of us more research focused types have migrated to new forum and masses of research and info there now populate the forum and nicely organised too.

@Nothingspecial - the 5% had a few limitations in scope that GGP had to combat to achieve even this modest $60m:

1/ Data cut off for 15/12/21
2/ JVA set very conservative boundaries around such factors as commodity prices upon the valuation methodology to be used but we don't know how severe, just that they existed as per the 'Price Not Value' slide in updated corporate presentation but they were described as very prescriptive
3/ PFS was set as the base for valuation although GGP's MRE 'shifted the paradigm' somewhat , go and look at the MRE and the methods used and the comparisons made to PFS methodology to justify the GGP MRE numbers to help achieve GGP's success - the detailed methodology outside the 'numbers' is very much targeted at a comparative analysis to the PFS
4/ In addition, go study the Valmin code and the 3 suggested valuation approaches and techniques contained within each and you see the immense ranges created by differing methods and you can see how subjective valuations are, akin to the JORC Code really
5/ Shaun stated the game theory reasoning that required GGP to come in at the more modest end of their ranges to assure success in the webinar using an Estate Agent analogy due to the fact that the adjudicator had to choose between two valuations VS being able to recommend a value themselves after reviewing both.

What was achieved despite the above by GGP is quite remarkable but it is a PRICE within the strictures of a very prescriptive and restricted exercise NOT a reflection of TRUE VALUE, the information is all out there in the GGP MRE, Valmin Code, latest Corporate Presentation, RNS's and interview transcripts/notes to support the above points.

Sry Sand - you were correct on the early issue but sure there is more to them agreeing to all of this when they just had a few months to wait max - somehow PT will figure in the future in some partnership is a thought I know I am not alone in sharing :-)

Locked in so they won't dispose etc.

Thanks Poni,
I do believe we're in very good hands with Shaun and the team he has built too and I think we're starting to see the shorts start to buy back now in conjunction with new shareholders joining the GGP journey as the uncertainty is mostly behind us and I think we'll now see Shaun conclude funding using the FS as he has indicated that the transaction will take a few months for completion if NCM proceed.... 5% at a reduced $60m based on limited metrics around commodity prices etc. in JVA and use of 7 month old data, I think Sandeep will be able to get that approved personally :-)
The shorters didn't get the drop they thought they would on the price determination and Pacific Trends shares will be locked in once issued too on either the transaction finalising or DTM so they won't be able to use those opportunities.
Things have worked out far better than anticipated in the very short term after the option exercise and we have numerous SP catalysts along with the potential for macro tailwinds ahead of us into 2023 :-)

I did get a few in there yesterday but I tend to ask what I know Shaun is able to answer and hopefully the main burning topics for us lot :-)

Some interesting info. outside the price determination and process on the Eastern Breccia, Ernest Giles, base metals in the transcript, didn't have time to really correct grammar and export issues from YouTube AI transcribing etc. as so lengthy and busy.... but it is the content that matters!

https://www.ggpchat.co.uk/viewtopic.php?t=358

Notes from LSE Webinar - 21 July 2022

Plenty to read from yesterday's webinar and link below :-)

https://www.ggpchat.co.uk/viewtopic.php?t=358

Hi MFU - as per TG mate I think he needs to wait for 30 days to elapse and see if NCM purchases as they are yet to confirm they are - and there may be a couple of months as NCM process the transaction - this is a large multinational - lots of red tape to transact even a mostly cashless transaction we presume based on NCM loan position and confirmation.
And I think we saw with the NCM loan and base metals discussion, under the JVA, Shaun can't just disclose information willy nilly, possibly some disclosure rules/permission required and so forth by NCM.
We found out about outcome before the 30 days elapsed whilst many thought we'd find out after everything played out and hence find out about funding ASAP.
I'd rather know about the outcome before as we know it runs for 29 more days and then await funding rather than have spent another month with the 5% hanging over us.
Let us not forget besides funding and MRE update from NCM to look forward too (and perhaps GGP's own update?) that we also can start to expect the FS to be delivered from October onwards and we'll be in August before we know it :-)

Notes from Proactive Results and Option Exercise Interview and a link to download the notes below:

https://www.ggpchat.co.uk/viewtopic.php?t=347

Mumbo is clueless - turned up agter 5% option appeared trying to get a valuation estimate from those of us studying the code and valuation techniques playing nicey nice.
Just a trader trying to get in cheap - not that he has a clue about what GGP's assets value are today or in future.
You can't let a two bit trader get to you - look forward to funding conclusion, FS, DTM and decline progress picking up as could be seen in yesterday's results and YES - don't forget to read the results too.... :-)
Can't fault SD on his PR around the outcome - the guy steps up to the play EVERY time - this was a legacy issue not of his making - he deserves kudos :-))

https://www.youtube.com/watch?v=LCeOh8pxLsA

10pm onwards I think Nap, that's also when Liam and Stu are planning on going live and Magic might potentially be on later too :-)

https://www.youtube.com/ggphelp

Yes - it was quite nailed on IMO too with AAQUA being our new social partner related partner but they'll have a lot of work to do on launch (when they finally launch!), we may well have more opportunities now on established social media platforms as oppose to being tied into exclusivity on a new platform that will have much to do on launch.
Originally I'd been hoping for a tie up with a leading social media platform vs a as yet unproven and yet to launch platform and am sure we'll see plenty fo revenue growth with existing and new channels before relisting in Jan 2023, giving them such exclusivity as they wanted would have been a huge mistake for us I feel :-)

Controlled growth is key and a CEO with a background as CFO and in companies experiencing rapid growth of portfolio, revenue and costs associated to growth is a good mix, he also seems to have a very good basic understanding of everything required related to the industry from geology to processing, operational requirements, mine development and M&A etc.
Importantly he is building a very competent team around him and seems to have an inclusive management style from his comments which is key in a small, experienced and under pressure team...... I like what I see with my business consultant hat on but of course we have such a distant view and understanding of everything as shareholders.
Still I feel we have the correct ingredients for success in place despite a currently challenging market and factors such as inflation etc. as in conjunction with the above we seem to have an under cover ore body that is very well suited to being mined with very strong economics that could weather bad scenarios over the decades and we have so many positive factors from the jurisdiction to a very competent JV partner whom outside the 5 percent exercise have been to date a seemingly fair and good partner and trusted us to continue with the Juri JV and seem to be cooperative and accomodating with day to day development and planning with Havieron.
Up to us individually to assess how effective the team will be in either getting us to production or benefitting from owning 30 percent of this magnificent gold copper discovery.
The sector, gold, copper, gdxj, the markets in general are all suffering, but the fundamentals remain absolutely amazing here, almost astounding in some respects.
Putting the current share price aside...... It's really not a bad company to be invested in and if macro tailwinds come into play and the usual catalysts for an explorer\developer going into production play out.... we may well be smiling again in good time :-))