Member Info for Droverman

Hi JS, that means that NCM can mop up some shares now at 12.8p then put in a bid with 12.8 as base line then a small premium and hope GGP SH show their hand, hope not as a LTH and this is my pension and life savings all rolled into one, i know i am crazy but anyway i am hoping for an area between FIB numbers 89 to 144p anything less than 89 i will be very disappointed. As i have mentioned before i prefer to go mining and live on the divi well into my old age seeing i am 75 this year but my brain thinks like 21 mmmm. DM

Hi TT, my problem is that is NCM delaying everything so that they can make a take over offer for GGP in total. The longer the time the all time high of 38.7p is reducing by the month and if i remember in AIM rules the minimum offer will be that ATH within the previous 12 months. A 100% premium on 38.7p is a huge difference from where we are at 12.8P. Hope SD is fully up to date on AIM rules on take overs. DM

Hi Tildo, NCM cash pile of 3.2b is not enough to buy us out. Last year Bamps calculated 900 million tones of mineralized ore in the main body which excluded EB, Zippo and NH as well as northern pod, since then gold and copper have increased in price and grams equivalent, taking all into consideration i think we are closer to 1.3 bn tons of ore. Take 1 grm ton equivalent is easy to calculate with an SG of 2.8 so do the maths and you will find the largest deposit ever found in the last 50 years and we own 30% of it. NCM will have to go cap in hand to JPM to buy our 5% let alone buying the other 25% JPM will have to sell their 1.3 bn oz of silver they have in the vault to tickle the price. DM

Not too worried about that Mitch, SD has a good reputation in the business and is well known, might have been a problem if we still had GH in charge during the selection of the arbitrator, then yes could be biased towards NCM. I wonder how many mining companies go into arbitration like this one, not too many i should think in a year? DM

Hi CF, i didnt really expect MRE2 or the 5% FMV at this time as NCM report is only for their shareholders to bring them up to date on all the projects. Dont forget Red Chris next MRE is also due and not mentioned, if it had then i would be pizzed off like everybody else. All the details that would be in MRE2 would be known by the GGP team as they would have the same information to build their own MRE2 for their assessment on the main ore body as well as what they presume is in the EB, Zippa and NH ore bodies. As i understand NCM need 75% of the project to have full control and there is no way they will allow a third party to buy that 5%, they will pay through the nose to keep out a third party such as Barrick or similar. The 5% FMV is crucial to GGP as it brings in funds for other projects as well as our share of costs for HAV which would now be reduced by 5% and must be taken into consideration when valuing GGP in the near term. Ciao DM

Quite correct Antigua i dont want to be mates with NCM as they will take advantage, just be professional and hold up our side of the equation. My first job with American company was in Saudi responsible for commissioning 32 heaters and largest hydrogen plant in the world, after 3 months on site my boss said to me the client made a complaint, boss said about time was wondering if you were getting too close to client. I think the same way for GGP getting too close to NCM. DM

Hi Rubic, watched a gold blog yesterday and they mentioned that one of the big bullion banks had got rid of their paper gold and now abiding with Basel 111, they also mentioned that a huge whale is in the market buying up gold and they suspect a central bank as the numbers are too huge for institutions to buy. Think this is one of the main reasons for gold increases and will continue until Banks have released all the paper gold. DM

Hi Leb, that works out at approximately 1.5 m a day for the decline, no wonder they are changing the decline plan to get through this area more quickly or to bypass this problem area. Need a bigger machine me thinks. DM

Not much he could say concerning the latest missive from NCM, only to repeat the information from GGP perspective.
For the 5% FMV the RNS will come from GGP not from NCM as NCM has to put their offer to GGP to peruse before informing the market of the offer and GGP response to said offer.
I expect MRE2 RNS from NCM before informing GGP of their 5% FMV. Ciao DM

Hi Sam , accepted, i hope much difference from those days. Nobody heard of GGP here by the way as its not possible to access out stock market due to none equivalence like me cant access via the internet my portfolio too many idiots in Bruxelles trying to screw us. Only want our money nothing else, oh yes our blood as well. DM

Hi Sam, Lithuanians were still fighting the Russians until the mid sixties in the forests, my wife grandfather was one of them and he was killed and this is the prospect for Putin in Ukraine a long drawn out war which i don't think he will go along with it. Not much spoken about it locally except in Vilnius. DM

Not sure what your point is QF, if you had bought in 2019 then you must be up at least 500% with the current SP where it is. PERM is only up a few % since 2019 so for sit back and enjoy the ride or sell a few and be on a free ride if you are unsure. DM

Now they have some skin in the game, just let it play out. DM

Hi Lenz, Bullion by Post and Atkinsons deal in coins and send them by courier to home, don't tell anybody. If large amounts then Atkinsons will store them for you. Don't but them in bank safety boxes, can be confiscated by government in crises.
Buy some silver brits but store with the seller so VAT free. Ciao DM

Hi Paddy, both parties will have to submit to the arbitrator all the calculations on how they came to their valuation which basically should be the same information its only the interpretation of said reports that will be taken into consideration by the arbitrator. IMO i think both parties have come to a conclusion at this time as they will have all the information which NCM will base MRE2 on by 17th this month. Ciao DM

Hi Manu, i worked in the opposite office to Martin though not the same company, he used to get us match tickets as we were all Manu fanatics, good days then70s mate. Ciao DM

Hi SB, i liked his smirk when discussing the 5% a sudden change in facial profile so i think he knows where he is going middle of this month, i think the deal is in his ball park and finer details to sort out. Only a few weeks to go to get those details and rerate on the SP. Ciao DM

Hi Kenco, its length not depth, its 430 m to the ore body to get there the incline will be over 3000 m in length as i understand.
Ciao DM

If NCM are buying GGP shares they would have had to include them in their final financial report with the other stock that they are invested in and there is no mention of any purchase in GGP stock. Ciao DM

250000 divi would keep me going for a couple of years very nicely my friend. DM