Member Info for Droverman

Sorry to hear about the wife Speedy, hope for a full recovery and quick return to home, DM

Hi Ben any offer for HAV will be monetary ie 1 billion plus, not a figure based on GGP share value, i would accept 4 billion pounds for HAV and that's just for our 25% not a penny less. DM

Noticed that Artemist jumped 35% on Oz/BHP news. DM

Hi all, most people don't understand that when GH negotiated the HAV JV and the 5% came as part of that deal, GH also within the JV sorted out the toll plus 10% costing and i believe that in itself is worth 10s of millions over time especially if the mine life is more than 30 years. The toll deal is now fixed as is the 5% and is worth a fortune. DM

Spot on Speedy but include world bank and IMF who also manipulate the price of gold and SDR, they can move the price more than the banks can ever do unless they go broke of course. DM

My main take on this is that NCM cant screw GGP if they are looking for other partners for JVs with good ground as they will not be interested in NCM as they will be afraid to be also screwed at a later date. DM

Hi Sprout, same age as you mate, but in my mind only 21 and that thought keeps me going. DM

Hi Stampee, initially ALL as we are in an everything bubble, while like 2000 was mainly a Tech drop, 1929 was a everything bubble except for gold which was fixed then. We will see what tomorrow brings. I am betting that GGP survives, DM

Everything James, at 1400 ET today, if the FED increases interest rates then this will indicate a near future market crash and recession. Over the past 100 years including 1929 when the FED has increased rates for 4 consecutive months the markets crash, this includes 1987, 2000, 2008 as the latest crashes. DM

Hi Chester, as i said before NCM has to sell the 60 million offer for the 5% to their SH and for sure their next update will not indicate 4.5 million oz equivalent, has to be more than the latest GGP assessment of 6.5 million oz equivalent at least and with NCM SP falling i think 10 million oz could be indicated in their MRE 2. DM

Id rather they spend the money on Scallywag to prove that up before going to EG. I hit at Scallywag will put the company in a much better position, higher SP which to borrow against and only then move on EG. If something is found in EG then we can decide the conditions of a JV from a position of power or go 100% mining our selves. Too much money is lost wild catting and puts the company in a weak position with a major. DM

Hi SAS, if NCM have been buying on the open market direct then GGP shares and value must be included in the half and tearly reports as assets of the company. The lst accounting report didn't mention any shares in GGP. DM

Hi TT, the main point is that we are going mining as for sure NCM would not be paying 60 million on top of what they have spent already.
Now NCM have to prove to their SH the value of that 60 million so i think all negative missives from NCM will now turn positive and proved up by the next MRE and could supersede GGP 6.5 million oz gold eq, i would if i was them to get the SH off his back.
So if we have spent 30 million so far that leaves us with 30 million plus what's in the kitty of about 15 million so we will be debt free with about 40 million quid in the bank and holding 25% of the biggest mine in generations, what's not to like about it. DM

Hi S&S seen it all before during the 60s, 70, early 80s seeing i am into the 76s in age and set my store out a few years ago and diversified into land, forest, gold, silver and gold miners. My problem is my large GGP holding is 90% of my portfolio placed my bet in 2017 when i figured out where the world was going and that they would deprive the orange man his 2nd term in office. Have to look ahead for the grand kids and that is the main reason for holding my GGP shares and will be highly pxxxed off if a TO took place, what did they say "own nothing and be happy" some might like it but not for me.
I have seen the effects of people who lived in the old Soviet system and they still hanker after it own nothing and be happy with cheap fags and vodka and no responsibilities. That's why i want to go mining and in the future the grand kids can enjoy the divis and drink on my grave stone saying here's to the old guy underneath in his mine bearing the fruits of his endeavors on top. Be happy and get diversified. DM

My worry is on a TO of GGP (Which i do not want) is what to do with the money in this day of turmoil which can go on for many years. Most financial bloggers say go into gold and silver both physical and miners, especially explorers going on to mine in the short term. So my friends where to put it, not many gold and silver miners on the LSE apart from the big players who are into everything. Buy land mmmm housing which is going to collapse mmm stock markets going the same way, bonds also going the same way. Money in bank devaluing at 10% a year, banks going bust and taking the deposits from GGP with them????? Very gloomy situation at the moment and they talk about the great reset which might be possible now seeing that the purveyors of the great reset created this situation over the past 10 years or so. Looking like we are going into a recession with increasing inflation and increasing prices which has never happened before. So my friends hold onto your golden tickets in the biggest gold/copper discovery of all time in a safe location with a running mine wanting new feed stock just down the road and other ore deposits waiting to be found. Stay safe DM

Hi MH, the conveyors carrying potash in Morocco are over 100 Kl long in very similar conditions that are around Telfer so for me not a problem, just need a long decline from Hav underground coming out at Scallywag to pick up our rich ore, if we have found the good stuff by then and on to Telfer. Very low capex. DM

Hi Ben, exactly what i stated last week when i said that GH when negotiated the 5% was also taking into consideration the cost plus 10% for tolling charges ETC. I didn't think GH was so stupid to give away 5% without some cover for the long term. DM

Hi Bamps I think the tolling agreement and the 5% were part of the negotiations at that time, that's why we have a poor 5% but a good tolling calculation of cost plus 10%. DM

-Hi Paddy, with so many holes drilled through that top section i hope there is something left to mine mmm. I wonder what they do with the old cores containing loads of gold and copper. DM sitting on hands

The question is if Vaneck has increased their holding by over 220,000,000 then they have been buying at a rate of over 10,000,000 a day over a month or 5,000,000 over 2 months which is still allot seeing our daily average is around 12,000,000 a day. No wonder the shorts have a problem as soon as they sell Vaneck buys them up. DM