Member Info for dsmith57

Matty: "Every penny rise means £x for me" For God's sake be quiet. Who cares!

Sadly, I think the shorters have arrived doing the bidding if the institutions who were forced to sell. Do you think they want to buy back high. Think we are in trouble for now

This totally barren period is probably the most difficult of times for LTH.It is hard to see what will happen in the interim to move the sp until the DFS towards the end of the year. The short appears to be dug in for whatever reason and all the good news, drilling etc. over the past 15 months has just led to inexorable decline or stagnation. In the meantime all our cash is tied up here and other opportunities are being missed.
I am totally convinced that we will come good but this interminable wait is sucking the life out of me. Probably the aim of the shorters but there we are.

At 7.40 Bamps indicated that since the Farm in period ceased after publication of the PFS then Newcrest were not obligated to provide 6 weekly updates. That may or may not be true but why did they continue with the updates after the PFS and only stop now? Do you agree or not, Bamps that the timing of this is telling and that Biswas is making a bit of a fool of himself?
In the meantime the resource gets bigger and the cost to Newcrest of buying us out increases. Crazy!

Schlemiel has it right. There is no way now, after all these shenanigans, that we will be mining with Newcrest. It is clear to me that Newcrest just want us gone and at the cheapest possible price to them. In my opinion it is as clear as day that Newcrest have been behind all the turmoil over the past year and they have been very successful in destroying our sp. The problem that Biswas has now is that he will face a shareholder revolt if he embarks on another spending spree. His task will be to satisfy his base that Havieron is a one in a lifetime opportunity and that they should continue to accept smaller dividends in the short term for much bigger things in the future. I almost, I said almost feel sorry for him. He is right. Newcrest should buy GGP but the pressures from his shareholders might be too much in the short term and he knows that it will require a chunky offer to satisfy the pi shareholder base here. He is caught between a rock and a hard place.
The internal battle at Newcrest is the key to what will happen in the next few months and all the turmoil there makes it a good bet in my view that a Rio or Barrick might just swallow up Newcrest and us in the not too distant future.
No one knows how it will play out but only one thing is clear. Hold on to your shares for dear life!

Benrumpson: The shorters here are not out to make money. They have a job to do for another entity. I think we all now know who they are. They are simply carrying out instructions to keep the price down. This will all end but when and how is a mystery to us all. HOLD at all costs because something incredible will happen.

Lot of selling today and the majority of it was in relatively small amounts. I so hope that private investors are not throwing in the towel now. This is exactly the playbook for the big boys. I may be wrong but I feel that we are approaching the end of this horrific slide in the sp. It would be tragic if holders give up now of all times. We need all the pi that we can muster to fight off the inevitable low ball offer which is coming from our esteemed JV partners

Shorters not letting go just yet multiple 100,000 and 200,000 sells coming in to tamp down the excitement. What a ridiculous situation this is. Who else would have an interest in keeping this price controlled other than our esteemed partner

Smells like we are beginning to see the shortest panicking. Sustained buying with the odd big shorter sell. Looking good.

£500M

Everyone must surely now see that our Joint Venture partners are now, and have been for the last year, not aligned with the best interests of our company. I suppose that is to be expected really. Over that period it has become clear to Newcrest that Havieron is way way bigger than they ever anticipated when the Joint Venture agreement was entered into. At that time they perhaps anticipated that our share of a pretty good asset could be obtained for around £500,000 and Greatland shareholders would doff their cap and thank them for their generosity. What has obviously happened now is Newcrest can see that to pay us off will take multiples of that sum and they are now doing their damnedest to avoid doing so.
I am of the view that they are behind the disgraceful manipulation of our share price over the past year. They have consistently tamped down expectations for a long while perhaps starting with the less than massive numbers in the PFS. MRE2 was then promised in December of last year then delayed until this month. Now, if Shaun is to be believed, they may want to put it off until the FS announcement at the end of the year at the earliest. Now why might that be? The shareprice has been decimated by the games at play; a large PI base has become increasingly nervous and they deliberately produce no measurable increase in the total reserve although each and every drilling report has been stellar. By the time they provide the market with updated numbers nearly two years will have elapsed since the initial MRE. Given the amount of drilling information which has been forthcoming in that period that behaviour is nothing short of misleading and disgraceful. Why they are behaving in this manner is obvious. Batter down the shareprice hoping that a low ball offer will take us all out and in the meantime get their extra 5% on the cheap.
How very mistaken are they in thinking that the well informed PI base will be taken in by all of this. From all accounts we hold around 70% of the total shares. If Newcrest want Havieron they will need to pay up big time and that is a fact. As can be seen Biswas is under pressure from his shareholders for spending too much so he is now doing his best to roll us over in the cheap.
It will not work!!

When a low ball offer comes and, given Newcrest's recent behaviour, I have no doubt that it will be derisory, all of those here who have substantial holdings must be organised and act as a unit.all the angst we have suffered over the past year will be for nought if we don't. Practically, perhaps a Facebook page giving general information and detailed instructions how to make sure our votes are counted.
If we all stick together our futures can be secured.

Very clear now after that webinar that there is now I'll feeling between the parties. Daye even stated that Newcrest seem to want to delay any MRE until the FS next year. If that is the case then I am now convinced that We must now see our JV partners as acting in bad faith and it must be very likely that they are behind the concerted attack on the sp which has now gone on for over a year.
The gloves should be well and truly off now and it is now vital that all LTH stick together to repel any opportunistic offers which may be forthcoming. There will be a major battle ahead and we are battling the big guys but if we are resolute they will have to pay up for what WE own.

Thought you sold out big, Stuart and then bought back so traded the stock. Bit ingenuous, if I am right, to say that you have held for 6 years!

Quite simply, if this is not being played with what is the explanation for the nonsense being played out here. Who is selling? Any clues?

Totally taking the p--ss now. This is just painful.

Am I the only one who feels that we have simply been misled into believing that our test was somehow special and of a higher tech. It seems clear now that the whole basis of the test, binding to the spike, has been plain wrong given the number of mutations which take place exactly there. For well over a year we have all denigrated the cheap Chinese trash foisted on the public but, it seems, they pick up Omicron given the huge number of infections recorded.
This whole charade has been one long sick joke. We have been seriously misled. Happily I massively sold down as time has gone on but I am seriously in the red with the rump that I have left like many on here I imagine. A total charade from beginning to what is now the end of the LFT side of the business.

Adrianjuk: I took pains to compliment Paddy in my post for all his efforts here. No question about that but are you seriously suggesting that his strategy of sitting on his hands through this absolute carnage has been the right one? Seriously? Everyone here is responsible for his own decision making. I am not suggesting "blaming Paddy" for one minute but his, mine and many others' decision to hold has been, sadly, totally wrong!

By the way, PaddyGall, I admire you but even you must admit that sitting on your hands has been an absolutely disastrous strategy here. It has cost many in here, including me hundreds of thousands of pounds!

No attempts at deramping here, just a deep disillusionment with my predicament. I am retired with shares in my SIPP which I now need to crystallise. More fool me. I could have gone at 38p, sadly a price that I don't believe we will ever see again in nor anywhere near it. I will need to sell very soon and have blown it like many others on here. I just admit it out loud.