Member Info for Dip666

@freddie2, judging something you know nothing about as you aren't a member of the TG groups is one thing but to be very blunt, go through your posts mate and show me what you contribute to this board in terms of mature debating of opinions, research or analysis?
Nothing wrong with a bit of a banter or even some off topic discussions as many do, but the key areas you are suggesting are missing despite never having been in the TG group is not one you particularly contribute to yourself greatly but you do post often!
Do you know how irritating it is when you are having an debate or discussion here about something mature and both trolls and immature arguments ruin it, especially if it's your own thread......them it really winds you up and drives you away.
I was wary of joining TG fearing an echo chamber, but change never scares me nor does using the common sense to judge something AFTER building some familiarity with it.......
You're not a troll IMO, just a very peed off FOMO latecomer to GGP who averaged down after investing near the ATH, perhaps spend 5 mins trying something new for a few days where the intention will be to avoid immature arguments and focus on discussing and debating all aspects of GGP might appeal?
Wouldn't hurt you to stop blaming LTHers and/or prolific posters for your investment here mate, ultimately it always comes down to DYOR and owning your own sh*t, get out of your comfort zone, adopt a less combative mindset and try something new tomorrow would be my advice :-)

A JOINTLY appointer valuer and not an arbitrator :-)

You would be correct Ben, personally IMO I would think we might get a conclusion within 2-3 months leaving Shaun free to then sort out any required financing before the DFS, as his comments in the interview with Liam indicated :-)

Ladies and Gents - having an ability to give feedback and shape a community lead environment?

Is that really something to fear and be concerned about?

I would argue - NO :-))

Always loved the CS Project and only reason why I invested here......but I really wish PC would get a bit more of a commercial team around him now and definitely if we end up looking at something besides a sale - he really needs to think about restructuring the skill-base.
PC no doubt understands AIM stocks are momentum based and important to give cleverly timed updates around the real newsworthy RNS's to maintain interest - also never hurts to try and secure the odd interview here and there to talk up your projects, try and secure some new interest as organically older investors begin to tire due to delays etc.
To be in such lengthy negotiations and not realise that perhaps you might be better served by putting increased focus into other channels if they were constantly being non communicative and inflexible (personal conjecture not facts) - I am somewhat annoyed about.
You want to be more than an explorer - you need to 'tool' up.......
Never been negative about the opportunity here and still think it's going to pay off mind you - but not expecting much during summer period, better to enjoy the weather and any travels planned and switch off.
Worth remembering the entire sector is so out of favour that it's almost funny but as with all things - it should reverse :-)

It's an admin things guys as 6 months has lapsed, my ii ISA showing 0p SP but iweb sipp is 30p for me still - so I'll just look at that one lol
Those unaware have probably phoned or emailed Dev in droves so might hurry them up a bit as I too relate with how the delay in relisting is frustrating.
Thanks to a few here watching social media intently - we do know that a lot is going on with advancing the business, very very encouraging and who would have thought Dev would be where it is now from where we were in early 2020 :-))

@RTC just go to website below for details, you get banned for copying TG links here now :-)
https://ggphelp.co.uk/

Revolution or Evolution?

https://twitter.com/GGPHelp/status/1540037737369190402

#LSExit

Freddie2, just answering your claims of money being required with the one true value required, certainly wasn't suggesting you aren't a decent person ;-))

Freddie2, the only one thing required to play a part in #LSExit is........to be a decent human being!!!
ZERO COST.

Well I hold a fair few shares myself Tymers my friend as do loved ones and friends of mine :-)
Though I couldn't care less how many shares anyone here holds as we're all at different stages of life and means and as long as there are fellow shareholders using this board, I'll ALWAYS share anything I might have that they might find useful.
Some of us have a more collaborative approach to life mate , also I would kindly suggest that other readers can judge for themselves how useful they find either of our posts.
Have a lovely evening chap and get plenty of water down you as all that salt and alcohol must leave you seriously dehydrated!

Been busy on the vodka there Comrade Tymers?! :-))

*** Sunday the 26th of June in the Year Of 2022 ***

Excited?...... Nervous? ...... Confused?

THREE more days ..... just THREE more days until we find out ...... #LSExit

https://twitter.com/GGPHelp/status/1539893592939962369?s=20&t=NuD0_0IBGaYN75hHQbiR5g

For those who use Telegram, create a PDF of your email and the confirmation of receipt (redacting contact details if you wish) and DM Hydro a copy as he is collating proof of issues being raised with the FCA.

Something I would stress is that SP catalysts are more of a catalyst when you have a buzz like the sector did in 2020 so any rerate will probably have more or less in impact based on where we are in that cycle when we hit production.
Of course if we go into production with far better sector sentiment (something I expect as think we're at a near bottom now) then the rerate should be better than it would be in this kind of environment.
IMO very rare to see SP's reflect the broker forecasts accurately, often over or under shoot them in my experience so while I like to assess the data in broker notes the actual fair value SP isn't something I treat as an accurate predictor, just an opinion of fair price based on the projections the broker has made for the time period for various metrics.
The SP will react to many other factors running up to 2023 Q1/Q2 and as smiller says - you can't hold UFO responsible for the insane bubble-mania of 2020 across the markets, I said at the time we seemed a bit overvalued for where we were and that we wouldn't be in production in 2021 as some pump and dumpers long gone were suggesting.
As I am learning the hard way too, you have to be patient in this sector more than others, I think Bill's done a fantastic job to get Han**** to where it is despite the pandemic and issues with permitting and lab results and shortages around personnel and equipment in WA for the last 2 years.
EH, Brockman, Vivash and the Mexican projects will take time and we still have plenty to unearth at Han**** outside teh niche operation. It's going to take time but the more work we do to prove them up, the more likely to assist with JV's and also better terms in those JV's - I like his approach.

Something that's really helped me understand valuations is through studying the Valmin Code with everything going on around the GGP Option exercise with their JV partner looking to buy 5% of their Havieron asset. Obviously we have a lot of us invested in both so many here know what I'm talking about but through looking at the code and the different valuation methodologies you realise how difficult it is to ascribe an exact value to ore deposits and exploration targets etc.

For the more geeky amongst us - really worth getting your head around - I've learnt so much through studying the different methodologies and techniques that can be used :-)

YouTube presentation with great info. on the code and application of it, worth watching the full hour
https://www.youtube.com/watch?v=Odc0Y0ppI1E&list=WL&index=8

Link to presentation slides that are a good reference to get an overview of the Valmin Code and a bit on the 'Reasonable Test' towards the end (those particular slides are weighted towards one, not all of the valuation approaches):
https://www.csaglobal.com/wp-content/uploads/2019/11/MGEI-2016_The-VALMIN-Code_Ivy-Chen_October_2016.pdf

Valmin code info:
https://www.mediafire.com/folder/7pzf841mro51l/Valmin+Code+and+associated+regulations
and related docs

A Valuation example conducted by SRK inc. a summary/synopsis I have pulled together to understand how the code was applied in that instance:
https://www.mediafire.com/folder/60ipfwcapayf7/Independent+Valuation+of+the+Kharmagtai+Copper+Project

Option Exercise related updates from Shaun:

Excerpts from Proactive Results Interview - 28 Apr 2022
- We continue to walk forward with that and at some stage an independent valuer will likely be appointed to come in (i.e. go to final arbitration stage) and I think that is months away rather than years away from being resolved

Excerpts from The Sunday Roast Podcast - 10 May 2022
- Now, time will tell as there’s an independent expert we expect to be appointed shortly but I think we’ll deal with that and show this compounding average growth rate for this asset which I think is going to be quite spectacular
- No definitive timeframe in the JV agreement, having said that the relationship is good and strong and engaging between NCM and GGP

Excerpts from GGPHelp Interview with Liam - Part 2 - 09 June 2022
- Yeah, look, thanks Liam and chatted around this off-air, just that we're somewhat restricted around the confidentiality agreement so I am a little bit more restricted in my comments than I'd otherwise choose to be.
- But I think what we can say is, yes, since this has been initiated, we're closer to the end than the beginning of the process, which is really encouraging.
- Chief amongst that was we were undertaking a funding process , but that was still absolutely critical to understanding the value at that point in time of Havieron. And of course, with the passage of time, the value of Havieron continues to grow and increase. (note: he is talking about reasons for the GGP MRE being both for funding purposes but also the option exercise and creating their own valuation)
- And to some extent, it's a shame that the feasibility study won't be out by the time this is determined, because I think that will be another positive mark to showing the growth of the asset. But it continues to grow. But this is a snapshot in time and we have thoroughly prepared around that.

Some assumptions I have come too from the above and otherwise:
By May 2022 Shaun was stating that arbitration commencement looking likely so we may have entered it by now or soon be doing so as Shaun states in the 2nd part of the interview with Liam 2 weeks ago that we're closer to the end of the process than the beginning, he could also mean negotiations concluding in place of arbitration but was signposting arbitration back in May being likely.
In the interview a fortnight ago he also states that the FS won't be out by the time 'this' is determined so is that the option exercise and/or the funding. Not sure but we know the FS is due from Oct to Dec 2022.
I do know SRK created the Kharmatagai valuation within 2 months so I assume a 3rd party could come to their own assumption about a FMV for Havieron and review both parties valuation's in a few months and come to a conclusion on which is closer to FMV and forms the price tag. NCM then either buys or doesn't over 30 days, the purpose of the framework is to ensure negotiations conclude vs running on and on.

All good mate :-)

@spoon - turn on the thread view and read any relevant previous threads perhaps , you'll find the option exercise has been studied from many different angles based on who is studying it and their skill set, not just the angle yourself and Malva are discussing so you may find it useful to help build a more rounded knowledge base.
I get what you're saying but of course also important not only to do your own research and analysis but read other peoples too as we all have areas we find easier to understand and others can help educate on topics their skills lend themselves to understand better.

Interestingly according to mining.com article I read , it seems that the Ugandan government is focusing on attracting mining investment and have legislative plans for a state mining company to be set up that compulsorily acquires a 15% stake in every mining operation and investors will be required to sign a production-sharing agreement with the government, wonder if these plans might have influenced those 'numbers' :-)

https://www.mining.com/web/uganda-says-exploration-results-show-it-has-31-million-tonnes-of-gold-ore/