Member Info for Dip666

Link to download detailed notes for the podcast too :-)
https://www.mediafire.com/file/wv88dnvbc4lqeh4/Notes_from_The_Sunday_Roast_Podcast_-_02_Feb_2022.pdf/file

Same here Paddy, I kept neutral after Shaun started as really not one for hero worship of anyone inc. Gervaise but I've liked the fact Shaun's had a coherent and achievable vision and roadmap for GGP since what I jokingly call his 'Summer Of Love' tour in 2021. Very keen on the team in place and very impressed with how they kicked into action and got the JORC compliant but far less conservative GGP MRE in place so strategically and rapidly after NCM's decision to delay their update.
Fellow PI's should listen to Shaun more closely, how often has he talked about the investment in personnel in such disciplines around geology, mining, finance and processing to enable a better understanding and ownership of Havieron, we've seen it pay off already. In the future we will have a readiness in place for developing and operating an asset ourselves whether it is through exploration and success in our existing portfolio or an acquisition.
I'm of a mind that we may hopefully see arbitration completed before the DFS is published as that only adds to the evidence for a higher valuation and surety of going into production surely as will NCM's MRE update due soon. IMO NCM may as well let this play out and pay the resulting price and get on with focusing on other pressing matters across their own portfolio of assets. I absolutely can not see them choosing not to purchase the 5% whether ours or their valuation comes out as nearer FMV and Shaun seems very certain they will be buying the 5% and he knows more than we do.
What will be interesting and IMO a very good indicator of future intentions by NCM is how their behaviour is after the 5% concludes, we'll see if we get a rapid return to structural alignment or not.
We live in interesting if somewhat testing times :-))

Ah yes - it was you JC - sry mate, couldn't remember off the top of my head!

Hi Paddy, someone on TG has received an email reply that there isn't a date that the option must be concluded by once initiated, going past 12 months or the date within which they had to initiate the option won't result in there being a termination of the process, it will run to it's full conclusion now.

@JudgeDred - You're confusing 30 days for NCM to consider the 'price tag' that the process will conclude with mate.
It appears that currently both parties remain more than 20% apart so Shaun has suggested that he thinks that arbitration is probably going to commence soon for a 3rd party to be appointed decide which of the two submitted valuations is closer to FMV And becomes the price tag for NCM to consider paying within 30 days.
In theory IMO it should be completed within a few months and certainly Shaun thinks it is a matter of months not years, but of course we have very little visibility and idea of how long arbitration will take. So frankly, hard to make any concrete assumptions.

Apologies - didn't paste in well - Try 2 :-)
https://uk.advfn.com/stock-market/london/sunrise-resources-SRES/share-news/Sunrise-Resources-Plc-HALF-YEARLY-REPORT-2022/88198314?xref=newsalert

Operational Highlights
CS Pozzolan-Perlite Project
Ø Discussions continuing for project development with cement and concrete industry participants. Recent meetings held with multiple parties, including:
o two cement & ready-mix companies,
o a major fly ash distributor,
o a large building materials company and
o a new cement clean-tech company.

Ø Application made for conditional approval of CS natural pozzolan for Caltrans's Authorized Materials List as supplementary cementitious materials (" SCMs") mandated in California State infrastructure projects to build more durable and sustainable concrete structures.
Ø Natural pozzolan has a key role in cement decarbonisation strategies towards net-zero CO(2) emissions and is expected to benefit from recent California State legislation and Implementation Priorities under President Biden's $1.2 trillion Infrastructure Bill.
Ø Company prioritising pozzolan over perlite in production strategies as deposits and markets are larger.

Hazen Pozzolan Project
Ø Industry interest extended to Hazen Pozzolan Project. Due diligence field visits carried out by interested parties and further sample testing underway.
Ø Permit obtained to extract 500ton sample for commercial trials.

Pioche Sepiolite Project, Nevada
Ø Positive test-work results reported by European industrial minerals company from testing of high grade sepiolite samples in Europe.
Ø Discussions being held with interested parties facilitated by sepiolite specialist.

Myrtle Gold Silver project, Nevada
Ø High grade gold and silver results from sampling at Myrtle Gold-Silver project from potential intrusion related gold system.

Baker's Gold Project, Western Australia
Ø Mining lease application submitted to cover high-grade gold mineralisation intersected in 2021 drill programme.

Financial Results Summary
Group loss for the six-months ended 31 March 2022 of GBP153,323 (31 March 2021: GBP185,955) comprising:
-- Revenue income from lease of GBP11,422.
-- Interest income of GBP11; less Administration costs of GBP160,623.
-- Expensed pre-licence exploration costs totalling GBP4,133.
Project expenditure of GBP37,145 was capitalised

Funding during the period
No equity or other funds were raised during the current reporting period except for a small amount raised through the exercise of warrants (GBP675). Shares to the value of GBP16,685 were issued in January 2022 in satisfaction of a portion of outstanding directors' fees.
At 31 March 2022, the Company held GBP183,923 in cash and cash equivalents and liquid listed investments having a value of GBP49,553.
The Company relies upon periodic capital fundraisings until such time as cashflow can be derived either from the sale of assets or future operations.

https://uk.advfn.com/stock-market/london/sunrise-resources-SRES/share-news/Sunrise-Resources-Plc-HALF-YEARLY-REPORT-2022/88198314?xref=newsalert

Operational Highlights
CS Pozzolan-Perlite Project
Ø Discussions continuing for project development with cement and concrete industry participants. Recent meetings held with multiple parties, including:
o two cement & ready-mix companies,
o a major fly ash distributor,
o a large building materials company and
o a new cement clean-tech company.
Ø Application made for conditional approval of CS natural pozzolan for Caltrans's Authorized Materials List as supplementary cementitious materials (" SCMs") mandated in California State infrastructure projects to build more durable and sustainable concrete structures.

Ø Natural pozzolan has a key role in cement decarbonisation strategies towards net-zero CO(2) emissions and is expected to benefit from recent California State legislation and Implementation Priorities under President Biden's $1.2 trillion Infrastructure Bill.

Ø Company prioritising pozzolan over perlite in production strategies as deposits and markets are larger.

Hazen Pozzolan Project
Ø Industry interest extended to Hazen Pozzolan Project. Due diligence field visits carried out by interested parties and further sample testing underway.
Ø Permit obtained to extract 500ton sample for commercial trials.

Pioche Sepiolite Project, Nevada
Ø Positive test-work results reported by European industrial minerals company from testing of high grade sepiolite samples in Europe.
Ø Discussions being held with interested parties facilitated by sepiolite specialist.

Myrtle Gold Silver project, Nevada
Ø High grade gold and silver results from sampling at Myrtle Gold-Silver project from potential intrusion related gold system.
Baker's Gold Project, Western Australia

Ø Mining lease application submitted to cover high-grade gold mineralisation intersected in 2021 drill programme.
Financial Results Summary
Group loss for the six-months ended 31 March 2022 of GBP153,323 (31 March 2021: GBP185,955) comprising:
-- Revenue income from lease of GBP11,422.
-- Interest income of GBP11; less Administration costs of GBP160,623.
-- Expensed pre-licence exploration costs totalling GBP4,133.
Project expenditure of GBP37,145 was capitalised

Funding during the period
No equity or other funds were raised during the current reporting period except for a small amount raised through the exercise of warrants (GBP675). Shares to the value of GBP16,685 were issued in January 2022 in satisfaction of a portion of outstanding directors' fees.

At 31 March 2022, the Company held GBP183,923 in cash and cash equivalents and liquid listed investments having a value of GBP49,553.

The Company relies upon periodic capital fundraisings until such time as cashflow can be derived either from the sale of assets or future operations.

https://www.sunriseresourcesplc.com/filemanager/Presentations/2022/Sunrise%20AGM%20%20Presentation%2027%20January%202022%20web%20version.pdf
Hazen is slide 25, Pioche Sepiolite is slide 27.
They need a decent redesign and to make various updates in there from a very quick 5 min glance from some 2019, references etc.
Really wouldn't hurt to pay a PPT expert to create a sexier presentation and restructure/reword (copywriter) with ability to excite potential investors.
Not a big fan of the website either, time to go for a proper redesign and a more corporate style.
This is the kind of lack of dynamism and attention to detail I dislike and mentioned a few times but TBF very common with peers too.
None of the above are expensive and help create a far more professional image but TBF, most of their peers aren't focused on this either.

I don't make racial, sexist or other themed slurs just because I'm tired - the post needed removing and I'd reported it too.
He can always type his thoughts out in a much more mature, coherent and reasonable manner.
Free speech doesn't equate to justifying racial slurs on BB's.
As I said - he can repost his thoughts without that particular word.

*should read........and I feel under Shaun it's really dare i SAY IT transitioning into a very professional outfit ready for the big time.

Should for any reason GGP end up selling the remainder of Hav in future then I'm sure Shaun can grow through inorganic opportunities and we have a very decent portfolio of opportunities already. The team will be assessing inorganic growth options in conjunction with exploration, Havieron, option exercise etc. if the company is being run properly and I feel under Shaun it's really dare i sat transitioning into a very professional outfit ready for the big time.
Were I being interviewed by Shaun I'd ask very pointedly what future GGP has besides Hav as I am sure the quality staff Shaun has brought in did, it will have been a major decision to leave a safe job in a more secure environment for GGP at the stage it is yet.
They were obviously confident that there is a future for GGP long term as redundancy payment terms won't favour newcomers to the company and no surety NCM would employ all of them in the event of a full takeover given their already huge workforce.
The company skillset has expanded in very quick time since Shaun's appointment and now comprises far more than exploration related skills and these can be utilised on other assets besides Havieron. It's just going to take time to see how things develop both with Havieron and GGP :-))

p.s Mumbo - If it's as good as I think it will be, perhaps NCM can offer you a role as a consultant.
TheGreenFool is doing well since I got my University homie and BFF Sandy Balls to take him on......although I have heard he was last seen 2 years ago in the Paterson having been sent out by his manager to look for a 'long weight.......or er......was it a long wait'........
I'm sure he'll turn up safe and sound in good time , just like your breakdown.

@Mumbo - as you're such an expert on valuations and the valmin code, I'm sure you have a detailed breakdown of how you arrived at your numbers along with the professional experience you have in the industry that gives credence to your work?
Something tells me.........we might have a long wait ahead :-))

And that will be fair enough Freddie - I never judge anyone at whatever exit point they choose :-)
You'll never see me post what a 'bedwetter' someone is if they sell during a bad period or alternatively a fool for cashing out when SP is running hot on any investment I hold and I hate posts like that - who knows what reason someone has to sell - lost a job, buying a house for kids etc.

@Freddie2 - pure greed could be suggested for someone investing in 30's hoping to jump on the at the time speeding bullet train and then averaging down thinking fantastic opportunity here, I get in cheaper and cheaper and cheaper.........but did they invest based on fundamental analysis or Greed and FOMO?
You were probably buying off LTHers who did cash out, leaving you holding a capital loss currently - so your posts around this are rather ironic mate :-)
Perhaps you should have considered why haven't these 'greedy' LTHers cashed out back then , what a bunch of tools and why am I investing here and then averaging down?
I mean - how rich do YOU want to be, if we get bought out below your average by NCM as I recall you started off in the 30's and somewhere in 20's now then you will lose capital vs theoretical paper profits for those holding lower averages if the deal is closed at below the current ATH.
And guess whose votes may have more bearing on that, larger holders and/or holders with lower averages perhaps, so hope we keep being greedy for your sake :-)
Greed works from both perspectives mate - or perhaps it was more FOMO or a combination.........some might say your investing strategy here has been anything but crafty yourself. Speaking for myself, the fact I'm not that old (just a few years off 50 though now so not young either but extremely active and fit) and already very comfortable played a key part in not slicing along with capitalist greed that I happily admit too.
In my personal opinion if we get into production and avoid being bought out, then as per the lassonde curve we should see a higher SP in future - we'll see I guess and I'm still very excited being invested in GGP, certainly never boring :-))

Pretty sure it's Arnie Viking :-)
Arnie - how the devil have you resisted so long and very amusing choice for the new ID lol
Didn't you hear though, Merc's been offered the lead for the sequel to The Wolf of Wall Street, you'll have to contact him via his agent ......details on IMDB.

https://bofa.veracast.com/webcasts/bofa/metalsminingsteel2022/id2Z34A9.cfm
Not had a chance to listen fully myself and won't have till tomorrow but I understand from Midas Malc on TG that Sandeep does mention Haverion positively and the bit at the end I barely caught did have an interesting question in regards to their ability to cover their focus on growth financially and affect on dividend payments etc.

He's brought in some excellent staff and the GGP JORC compliant Resource & Reserves update was only able to be accomplished due to his strategical thinking and their skills in such rapid fashion. It gives us a fighting chance in the 5% outcome and he's pushed through the inaugural Sustainability Report which should help in good time with institutional investment.
The SP very much defies logic even taking into consideration many factors both wider and linked directly to GGP - it is what it is - I don't think Shaun is to blame for that. In fact some of this very much down to the uncertainty caused by the option exercise and he inherited that from GH and co.
Many of us who didn't sell or slice in 30's regretting it naturally but time to move on as may take a long while to see the SP there again as things stand unfortunately.
Can't change the past - can only look ahead and work with what you have - which fortunately for us are some pretty amazing fundamentals that only get better .
Will the market respond to them as we move along closer to production and the decline progress picks up - I'd like to think so but as always DYOR :-)

https://uk.advfn.com/stock-market/london/dev-clever-DEV/share-news/Dev-Clever-Holdings-PLC-Directorate-Change-and-Not/88135614?xref=newsalert

Dev Clever Holdings Plc (LSE)
LSE:DEV

Dev Clever Share News (DEV)

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Share Name Share Symbol Market Type Share ISIN Share Description
Dev Clever Holdings Plc LSE:DEV London Ordinary Share GB00BH452L44 ORD GBP0.01
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Print
Dev Clever Holdings PLC Directorate Change and Notice of Results
17/05/2022 4:00pm
UK Regulatory (RNS & others)

Dev Clever (LSE:DEV)
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Tuesday 17 May 2022

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RNS Number : 8303L

Dev Clever Holdings PLC

17 May 2022

17 May 2022

Dev Clever Holdings plc

('Dev Clever' or the 'Company')

Board Change

Final results publication

Dev Clever, a leading developer of online and immersive career guidance, learning and development platforms, today gives the following updates.

Board change

The Company announces that David Ivy has informed the Board of his decision to step down as Non-Executive Director and Chair of the Audit Committee with immediate effect owing to personal circumstances.

Dev Clever is seeking to appoint two internationally experienced individuals with relevant global commercial and growth company expertise, a Non-executive Chairman and Non-executive Director respectively. Further updates will be provided in due course.

Final results publication

Further to the announcement on 28 April 2022, it is now anticipated that the final results for the year ended 31 October 2021 will be published by mid-June 2022.

The Company's shares remain suspended pending the publishing of a prospectus in connection with the completion of the acquisition of Veative Labs Pte Ltd (Singapore) which remains subject to the final approval by the FCA, a further update will be made to the market in due course.

Chris Jeffries, CEO, said:

"We would like to thank David for his invaluable contribution to the Board over his tenure and wish him all the best for the future. We would also like to thank our shareholders for their patience whilst we finalise our prospectus and look forward to the publication so that the shares can start being traded once again."

-ENDS-

* Your reply tells me that you want to carry on and develop Havieron and an offer would have to be pretty special otherwise you carry on with an immense cash cow once it’s completed, maybe 5 years away?
- One of the brilliant things about Havieron is its pathway to Free Cash Flow (FCF) or Cash Cow status as NCM don’t want a gap year at Telfer, it’s coming to the end of its life so we’ve already started the decline before the Feasibility Study (FS)
- Certainly from a GGP POV, tremendous demonstration of the conviction we have around Havieron.
- The fact that NCM is self-funding the first $250m USD and further spending $180m to extend Telfer’s mine life by 24 months, it is perhaps reasonable to think this reflects their view on the quality of Havieron
- NCM want to bring ore out of Havieron into Telfer in the short term , they don’t want have to demobilise Telfer around the cost implications and then around remobilising Havieron and find 1200 people
- One of the advantages besides infrastructure is the people are there, tough market to get mining personnel in and we already have 1200 of them at Telfer
- Therefore undertaking this fast track process to decline into the HG SE Crescent, put 5g plus material through the mill and create early FCF and then GGP can invest those funds developing the greater Havieron project and indeed the rest of the portfolio
- This has been developed exactly like a mid-cap would want to do it, a fast process to FCF
- Extremely fortunate to have that strict alignment and support with NCM, they’re not looking to sit back on this drilling out for 10 years, developing it tailor made for GGP’s balance sheet which is a relatively small starter mine, high cash flows and reinvest that in the greater Havieron story
(Note: Some further comments on quality of staff and Havieron attractiveness and quality followed)

END

*Alex Borelli closes AGM with thoughts on share price and takeovers
- Analysts report valuations in the market on GGP currently have expectations that the SP should be around the mid 20’s and above.
- If there is a takeover approach, there is a formal process that is adopted, although not subject to shareholder approval, a form of acceptance will go to shareholders from an offeror, but the offeror would seek to have a board recommendation and it is incumbent on us to have a valuation report on the company.
- So we would go through the motions of being totally considered on the value of any offer that was received, but of course we’re not in that position at all at this stage.

Notes from Sunday Roast Podcast back in Feb:
* Thought of splitting assets into various companies so you can sell assets individually if approached by different majors?
- Interesting but really focused on building a multi asset, multi-billion dollar mining house with Havieron as a platform to build it from, so unlikely
- Not allergic to making money however, if someone wants to buy an asset at a value that otherwise would take years to unlock, then of course we would consider it if someone accelerates our pathway to creating value, really interested to do that
- Shaun uses examples from career where growth was achieved inc. a sale of a well at Sakari and market cap and asset growth achieved while CFO at Northern Star Resources from a single mine to multiple assets.

* Looks as if the crown jewels are Havieron, if NCM came to you with a big enough offer, would you sell it all?
- Brilliant question, looking at his vision for Greatland as a multi asset platform, not what he hopes will happen
- However if they think someone can offer us the value that we can unlock at Havieron over 3 to 5 years today and derisk that for our shareholders and presumably, we’d rather that money today than in 5 years’ time, then we would have to take that seriously and ultimately it would be put to shareholders and up to them to make that decision
- But it would be with a tinge of sadness, not allergic to making money but we’ve got something really special here and the challenge to shareholders and management is that we do unlock the full value of it
- That comes with patience and the hard work of developing and planning it out over the future years but yeah if we can take a short cut to that, we’d have to think about it.

Contd....