Member Info for Droverman

Hi PV, they will not leave a huge amount of money festering away in bank account losing value due to inflasion and tax, they will keep about 3 years requirement for operations on other projects until we get our value of production from Telfer and that will then cover all company needs. In my view a divi will be paid to long suffering PIs who bank rolled the company over the years and i think CB will go along with that. Ciao DM

Why not PV, at my age i can only sell no money to buy so a special divi prevents me selling for my pension top up so thats why i am still residing on this planet mate. Ciao DM

Hi Ben, thats a nice round figure of 320 million usd, now to split it up.
50 million pay back loan, leaves 270 m
100 million for future HAV spending but payed in NCM shares so value increases. Leaves 170 m
70 million for our other projects leaves 100 million
100 million for special divi.
that works out well for me. Ciao DM

Crypto was always going to fail as its nothing, a figment in the imagination for most, like GGP the ones that got in early make the most money.
Bitcoin stole the colour from gold and most of the other from silver, would anybody buy it if it was dirty brown colour. Colour makes the difference as American Express found out as there were no takers as the card colour was yellow, then they changed to the same colour as the dollar bill note and then the card took off. After they followed the metals with gold card, platinum then oily black. Blockchain is another thing all together and i can live with it but again without power its nothing.
Ciao DM

Good news Tom to equate out Matty bad news, so i hope for a better future for both of you. Take care DM

Hi Speedy BOA did the same with silver, borrowed 800 million oz in 2 lots from JPM in shorting, not a problem for JPM as they hold over one billion oz of silver. Somebody will go broke but BOA has first offer from the Fed to cover them as i understand from 2008. Ciao DM

Hi Zoros, i don't think it will be Russia doing anything as they do not want to disturb their economic position at this time which is very good. For me, the problem is China, they are in deep sxxt in the property market with is 30% of GDP and is going bust, their train system is also going bust with 900billion in liabilities, ship building going bust as no ships to build, many companies pulling out of China so unemployment is going up fast and that is before the political problems start for Xi, think starting already as high ups in CCP are going on enforced holidays. What do guys like this do when all goes to Sxxt think of Falkland's in the 1980s. If he does then Russia might take advantage ? Ciao DM

Hi GoGreen, GGP must have agreed to the early agreement as requested by NCM, as i mentioned today is WHY? They could have delayed the 5% discussions to December 2022 and NCM would have to agree to that timetable. Ciao DM

Sorry February 2022.
Another thought, NCM and GGP have to submit all their calculations on how they came to Fair Value for the 5%, they must have been working on these documents for sometime already and only have 2 months to complete if they do not come to an agreement in the meantime. Food for thought.
Ciao DM

You have to ask why the rush to give value on the 5% OF HAV when they have time to do a more thorough picture of what is not only in Hav but in the surrounding area of the JV.
Something new has come up which has dictated bringing forward the 5% assessment?
Something huge that the cost to GGP is astronomical that they couldn't fund it quickly enough?
Selling 5% means we only have to find 25% of the cost to bring the mine on line?
They found something else on another project that requires additional funding to bring value to the company?
To ward off a potential suiter for GGP?
All the above have an answer in time, the present SP doesn't come into the calculation only after the outcome of the reason for the 5% purchase by NCM at such an early stage in the proceeding.
Today and until middle of Bebruary plus another possible 30 working days should bring further light on where we are going with GGP. Ciao DM

Hi Dip, i do not think the negotiations will go to arbitration. I have been in similar position where i spent 6 months gathering information on value and both parties had a quick skim through the paperwork, then a quick discussion over coffee and then the other party walked out of the room after putting a figure on the white board, we put ours on the board and walked out, this went on for 2 hours and agreement was concluded between the 1st 2 offers. I was pixxed off because i had spent so much time on the documents and it all came down to the white board figures and there you have it. Ciao DM

Best of luck tomorrow Tom wishing you the best wishes that come with Christmas to you and family. Ciao Droverman

I would not entertain any selling of HAV project as its the only resource that can provide profit in the future unless in one of our other 100% owned project have a discovery at surface for open pit mining. Finding stuff 400 m below surface is no good for us unless we can sell it on. Just look at the cost to get HAV to where we are and it will take another 100 million to production and 5 years in time and thats quick, takes at least 10 years in OZ to bring a tier 1 mine on line and a billion dollars. I think if we sell HAV most PIs will sell up including me. Ciao DM

Question, is it possible for guys who deal with free platforms like 212 to offer to buy 10 quids worth of shares 1p above the ask and keep pushing the SP up just like the other mob pushing the SP down, will cost them more in the end, bit like a short squeeze? Ciao DM

Hi Spades, there is nothing to stop GGP from extending the grace period to more than one year for the 5% if more time is required to define the value of the stated 5%. Other alternative is to have add ons based on the increasing value of the ore bodies especially if they find new ones in 2023. So all has to be taken into consideration including what other values from NCM can be put into the other JVs. The 5% value would put a floor under the shares based solely on HAV value. Ciao DM

Spot on Dip, no way for SD to recommend a sale price until he spoke with NCM as a minimum, anyway they have first chance on any bid, On top of that SD has no skin in the game until he buys those 5000000 options so he makes no money from a low bid so for me no recommendations under 89p with 70% on top. He wants to be a miner, he is still a young guy (not like me) and what's better than mining a project for 40 years plus any finds in the interim to play around with. Must be thousands of guys wanting to be in his position and to manage future prospects. My buy out is 144p with a 70% uplift if anybody wants to know. Ciao DM

Hi Hydro will need 10000 to 15000 to cover the USA debt and only 40% at that but Jim Rickard says only 40% is sufficient just the same when the Pound was covered by Gold. Ciao DM

and bars and anything else in the gold and silver world will take off as its the only one and true security left in this changeable and difficult world we are in at the moment. Ciao DM

Hi Red, Willem Middelkoop prefers gold in the ground especially if the resource is increasing in volume and g/t and future gold price is increasing as well. We are in that situation at the moment on all counts plus any good drill results at the JV or other projects and of course a new discovery at HAV will put the icing on the cake plus an additional cherry on top. Price of gold should break out soon according to the experts as the paper gold manipulation has to come to an end soon. Nobody is selling physical gold or silver in that matter and i expect digital coins to take a plunge soon as its in a huge balloon, even 14 year old kids are playing with it at the moment so its got to pop and if its a big laud pop then it will take a long time to recover as they will lose confidence in the digital coin world and i mean a very long time and the only security is gold and silver shares as well as the coins a

If it is correct that GH didn't sell shares over the past year and held onto his 74 million then many on this BB owe him an apology especially on the uproar when he bought at 22p to try to repel the sell off and was accused of double standards of selling while at the same time buying shares to hold up the price. No way for him to buy 74 million shares over the past couple of days so think again on that one. If correct, and he is still hanging onto 74 million shares with the knowledge he has of the companies projects then for me i am not selling my core of a paltry 5 m shares compared with his 74 m. Too many people these days due to social media, push their agenda without waiting for the facts to be revealed. Ciao DM