Member Info for Dip666

Sry Johnny boy - were you confused and looking for an IMDB review of the 2018 film Get Out?
Not bad at all, Jordan Peele's made a couple of interesting films as I found fairly US decent too.
I mean surely you're not offering investing advice - you're talking about stocks being dead but you seem pretty brain-dead yourself?!
Try Shaun of the Dead - a bit of zombie apocalypse comedy to go with the um 'dead' theme as your brain-dead attempts to troll are amusingly poor.........

https://www.investormeetcompany.com/investor/meeting/investor-presentation-95

Well - instead of arguing why not submit questions for the investor prez on Tuesday guys?
Here are a list of those I have submitted:

Hi Bill, understandably difficult situation globally due to the last few years with the pandemic and political tensions are rife internationally presently, but can you give an approximate timeline for production to commence with a niche iron ore operation at Han**** if matters stabilise and your thoughts on iron ore price movements too?

Hi Bill, my understanding is we'd completed Phase 3 drilling before xMas at Han**** and doing more exploration/extension drilling on both resources in conjunction with additional early sampling work on Ridges F, G & H. Can you expand any more on plans here?

Hi Bill, in regards to Elizabeth Hill I understand we await lab results to hopefully confirm additional Silver mineralisation outside historical zones and also evidence of PGM halo zones that might potentially hold a different type/scale of economic and mineralised system to further inform exploration plans. Are there plans to consider getting EH back into production at some stage or just further exploration for now?

Hi Bill, in regards to Munni Munni we know the team have highlighted a significant number of targets in the northern area around Elizabeth Hill and have plenty of targets being considered and were finalising paperwork to allow trenching and drilling in conjunction with current mapping and surface sampling and had also completed a small work of recon work. Can you update us on further plans once the planned acquisitions have completed with the larger combined area?

Hi Bill, it seems that Mexico is becoming less attractive as a mining jurisdiction for various reasons such as community relations, security and political uncertainty amid difficulties in obtaining permits and mineral titles. What are your thoughts on these areas and can you provide an update on our activity there?

Ironically ParkBoy, it's probably the kind of stuff going on right now in the markets, international politics, planned fiscal policies for early/mid 2022 that will probably swing factors back into the positive for our commodity focused plays into late 2022/23.....

NPS = no probs!
Sry not sure it's used much as picked it up working with Americans over the years!

NPS Park - totally understand and share your frustrations - this sector in general has been painful during 2021, especially after the euphoria in 2020 - like night and day :-)

EH & Munni Munni?
I expect a strategy for EH to be communicated once lab results and analysis have been release to us via RNS (hopefully soon!) in terms of drilling plans and thoughts on viability for additional Silver mineralisation outside historical zones and also on the PGM halo zones that might potentially hold a different type/scale of economic and mineralised system and further exploration plans. For more conjecture perhaps is will they be considering going back into production at EH, viability, timelines if being considered?
Munni Munni we know UFO have highlighted a significant number of targets in north area around EH, plenty of targets being considered and finalising paperwork to allow trenching and drilling in conjunction with current mapping and surface sampling, recently also completed a small work of recon work. And of course the planned acquisitions opens up a whole host of new opportunities for us.

Han**** update from 13 Jan Proactive interview:
Interview: https://www.youtube.com/watch?v=MZu07gdSOJs

*Progress?
- Completed 3rd phase of RC drilling program from before xMas 2021
- Testing infilling on resources at Ridges C & E at Han****
- Also doing exploration/extension drilling on both those two resources
- Also managed to get to a couple of new ridges to the south we had only done some limited exploration on, but these have great potential for more High Grade (HG) ore
- Also did some rock chip sampling (60 samples along Ridges F, G & H) that carry on southwards from current tested ridges, significantly on the longest Ridge (H) about 5-6km long, the 800m that was able to be tested showed a High Grade (HG) anomaly along entire length
- Really excited, potential continuing to grow, particularly along ridges which are the higher grade material and easiest to get at from a mining aspect, many more Kilometers to test and work up

Western Australian (W.A) Restrictions causing issues?
- W.A still closed, so Bill unable to visit yet and hoping lifted next month, also causing issues with gaining equipment such as drill rigs and turnarounds and analysis from Labs are getting longer
- Current RC samples could take 3 months vs the usual 4-6 weeks so using XRF readings for initial indications (less precise & definitive than labs) to help process and carry on with planning
- Been fortunate and had a great crew of people to help and had great support though, currently drilling again as was able to secure a rig despite issues

Bulk of work was done before wet season?
- Correct, RC is the bigger work as need to move rigs more often and the DD (7 holes planned, not too deep) should be completed over next 2-3 weeks before significant weather arrives but still incredibly hot over there
- Bill hoping to get down there himself after Easter after things open and really push ahead with the project

You can pre submit questions for Tuesday's prez on the InvestorMeet platform mate :-)
https://www.investormeetcompany.com/investor/meeting/investor-presentation-95

We have an investor prez next Tuesday so hopefully some update on strategy there but been info. on plans for Oz last few months, go back and check the threads as have dropped in notes I have made, poss. easier to check via Telegram and pinned messages there.
Getting results out as such depends on the labs - bit out of our hands unfortunately.

Request for a Trading Halt
Artemis Resources Limited (ASX:ARV) (the Company) requests a trading halt to the trading of the Company’s securities until the earlier of an announcement concerning a capital raise and proposed dual AIM listing or 27 January 2022.
In accordance with listing rule 17.1 the company advises that:
1. The trading halt is necessary as the Company is undertaking a bookbuild in relation to the capital raising.
2. The Company wishes the trading halt to last until as such time it makes an announcement to the market concerning the capital raise and a proposed dual AIM listing or Thursday 27 January 2022, whichever is the earlier.
3. The Company is not aware of any reason why the trading halt should not be granted.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02478211-6A1073412?access_token=83ff96335c2d45a094df02a206a39ff4

And we all know how well researched you are Phelps........so who cares what you think?
Posting here incessantly along with a few others since the FMV RNS and couldn't even work out the when/why/where exploration plans for 2022?
5 minutes research would have informed you, we know you won't have bothered checking out the links I and others have signposted just like your mates.
Is this simple incompetence from you, Eric and biggl etc. or purposefully hoping to engender low sentiment to build up positions is the question to be addressed.
Usual clue is plenty of uninformed opinions talking a company down, disruptive approach to discussions, snowballing regular contributors with a research led focus etc.

This is the process in bulleted list form Tom and I've had it confirmed by GGP as being a correct understanding.
The SP has nothing to do with the FMV valuation, once a FMV price for the 5% is established under the process below, NCM have 30 days to decide whether to go ahead or not. It won't be something we can refuse, both NCM/GGP are tied to this process.

1) Newcrest want to agree the option exercise price by mid feb 2022,
2) If Newcrest/GGP do not mutually agree on a Fair Market Value by this date then both parties put forward their own valuations
3) If both valuations are within 10% of each other, then the average will be considered the valuation for Newcrest to exercise their 5% option.
4) If there is a greater than 10% disparity, an independent expert is brought in to choose which one of the estimates is fair market value, so I assume that is the price that needs to be paid by Newcrest.
5) Newcrest then has 30 business days to exercise its option to acquire the additional 5%.
6) Should they choose to go ahead, then proceeds from the exercise will be used to repay the outstanding balance of the existing loan we have from Newcrest.

HOWEVER, whomever replied to my email (below***) pointed out that GGP/NCM can agree to anything they want as long as both of them are happy to change things, think of it as a framework to encourage professionalism and sensible approaches.

***Your summary of the 5% option exercise, fair market valuation process and timeline is accurate. It’s worth noting that these parameters are subject to change based on mutual agreement between the parties.

Some of the things I am most looking forward to in 2022 are more results, hopefully positive confirmation on the other targets outside the main ore body, MRE2 and the FS to make more of the 'potential' far more official and hard to argue against.
IMO the FMV valuation is open to randomness and other factors that might not reflect true value as it's more so opinions from two parties with somewhat differing objectives as one is buying and the other selling but too low a valuation does no favours for NCM IMO who are under pressure to show growth and longevity as are most majors and indeed they are in buy mode as we know i.e. Pretium Resources.
I'm just going to react to the FMV outcome than build a strong expectation of what the end result should be - but I'm more excited than concerned personally.
All of the above should help feed sentiment and growth back into the SP hopefully along with POG and other macro factors coming to favour our sector more by year -end. Having the ammo to fire back at the obvious disruptors looking to create FUD from official sources/facts is always good too :-)

Definitely a good point Zoros - I really only started investing in the sector heavily just over 2 years ago so still leanring.....from what I gather - it's common for explorers to divest or get taken over with discoveries vs development, especially on their own as the funding and expertise can prove too high a hurdle? Which is why I am happy with the Hav and Juri JV's personally.
Do we have a lot of examples of long running JV partnerships of a similar nature as being very common is the question I guess, perhaps if we were to confirm a discovery at Scallywag or Ernest Giles for instance, it might be a strong play to cash up Hav to go it alone on those?
Still - the way I see it - all very profitable scenarios if they come to fruition :-)

@Zoros - Sorry bud but I disagree, I think SD needs to do more than come in AFTER a discovery has been made, sell off the asset 2 years later while NCM have been in charge of development and then expect to find himself in the running for a CEO role at a major in the near future.
Not going to happen unless he can show some ability in developing and running assets IMO so best he'd get is a role as CEO at a mid tier perhaps - if that - he is still very much unproven as a CEO.
Looking back at his initial stockbox interview last July where he covered his career and experience to date I think he has been building the knowledge base and ability to enable him to do this and GGP is a real chance for him to perhaps try and replicate the success he was part of at Northern Star and build a legacy.
But who can know what goes on in anyone's head plus as we've seen with GGP, anything can happen out of the blue!

A non-agreement in a scenario where NCM are trying it on to pay far below any concept of 'fair value 'would be a risky strategy for NCM as it would vice versa for GGP under the agreed process.
Am inability to agree values within 10% of each other would then entail leaving it up to an independent 3rd party who might then decide that NCM's valuation is ridiculously low and they pick GGP's as closer to FMV - so this is to be the amount NCM have to pay if they want the extra 5% or just have to leave it.
Given that the Valmin Code exists and likely techniques from this would be used to assess each valuation by a 3rd party , it surely makes sense for both NCM/GGP to consider these in their own calcs and submissions.
Furthermore, NCM agreed to this process - why would they do that if they wanted to play the game as loaded as possible in their favour?

@Redirons - I think just wait and see hwo things play out tomorrow, perhaps mate - JPM possibly playing on uncertainty about MRE/FMV outcomes but we do have results due next Thursday evening and fingers crossed - they contain good news on targets outside the main ore body.......JPM certainly aren't infallible :-)

And in summary:

- Ordinary Business
1 TO RECEIVE THE ACCOUNTS AND REPORTS OF THE DIRECTORS AND OF THE AUDITOR FOR THE YEAR ENDED 30 SEPTEMBER 2021 (A response to this proposal is mandatory)
Board Recommendation: For

2 TO ELECT MR J COLE WHO IS SUBJECT TO ELECTION IN ACCORDANCE WITH THE ARTICLES OF ASSOCIATION (A response to this proposal is mandatory)
Board Recommendation: For

3 TO REAPPOINT CROWE U.K. LLP AS AUDITOR OF THE COMPANY AND TO AUTHORISE THE DIRECTORS TO FIX THEIR REMUNERATION (A response to this proposal is mandatory)
Board Recommendation: For

- Special Business
- - Ordinary Resolution
4 THAT THE DIRECTORS BE AUTHORISED TO ALLOT SHARES IN THE COMPANY OR TO GRANT RIGHTS TO SUBSCRIBE FOR OR TO CONVERT ANY SECURITY INTO SHARES IN THE COMPANY (A response to this proposal is mandatory)
Board Recommendation: For

- - Special Resolution
5 THAT SUBJECT TO THE PASSING OF RESOLUTION 4, THE DIRECTORS BE GIVEN POWER TO ALLOT EQUITY SECURITIES FOR CASH (A response to this proposal is mandatory)
Board Recommendation: For

@mark, my original reply not showing but she left her p/t role at GGP last Oct and still an Exec Dir at SVE and NED at Great Western and open for other roles on LinkedIn.