Member Info for ElectricLion

Compulsary purchase is necessary if a deal can't be made. Takes two sides to make a deal and if the current landowners are unreasonable, that's not MC's fault. The mere fact that a compulsary purchase option exists shows that it serves a useful purpose. TBH, I think it's time to get the ball rolling on that. Not sure how long it'll take, but if I were in MC's shoes, in ther worst case scenario, I'd be working backwards from our new permits deadline in the summer. Take that date, work out how long it's likely to take for the CP, and make sure you start those proceedings no later. If anything, I think maybe we're being a bit too nice. Time to start turning the screw IMHO.

No source I'm afraid. It was a while ago. I don't recall the details.

Large investers necessarily have to come before they can go!

Nic Mill sold a few, but no indication thus far they have continued to offload. Likewise with RB, so far TBH. He's sold a few what he does with the rest is anyone's guest. Let's not get too ahead of ourselves.

I know I'm in the thick of it, but already starting to get bored with the RB talk TBH. He gave us some money, now he's selling up. Big deal. If you follow him blindly then by all means sell up and follow him wherever he goes next. If not, then this company will manage without him.

Takes all sorts to make the world go around. RB isn't the messiah and if he and MC perfer to do things differently then theres probably space in the world for both approaches. Timescale frustration not withstanding, a couple more p off the SP and I'll be hunting down the back of the sofa for spare change.

These kind of guys tend to also want to be able to excercise some level of control over the companies they invest in. I seem to recall that RB also wanted to acquire Condor for relative peanuts several years ago. If he had done so, perhaps he'd be far more engaged, but being the 3rd largest shareholder, some way behind JM, and with no real influence is probably also a negative from his point of view. Once more, it doesn't really imply much for Condor as a company, just that it doesn't fit with his current strategy.

Those that have been here a while rr have seen large investors come and go. Not without an impact on the SP to be fair, but we're still here. Changes nothing on the ground. RB's investment here is such a small percentage of his worth that I wouldn't blame him if he just wanted to tidy up his portfolio a bit. I don't take a position unless it's a decent percentage of my portfolio, or else any profit is also too small to register in the grand scheme of things. If he did the same, he could probably scrub any position worth under (say) $100m as just too small to be worth the effort. Not an overall positive I'll grant you, but it's a molehill not a mountain.

Yes indeed. The likes of RB, and JM come to that have no problem with dilution, because they have practically unlimited funds and they are the ones who'll be financing placings done at a discount of market price and with warrants to boot!

MC and us PIs are the ones who aren't keen on dilution.

Just one of the reasons why I'm not keen on the talk about replacing MC with a "pro". A pro would think nothing of diluting us to hell and back. They'd get the project moving, but there would be a cost.

We do SS. Keep up.

No point in dwelling on the past. We'd probably all have done things differently if we had our time again, but we are where we are.

We are not privy to the details of the negotiations. If a reasonable deal was there for the taking, then I think we'd have it already.

I dare say the land could be sorted tomorrow if we gave the miners everything they wanted. But MC has a fiduciary duty to get the best deal for shareholders. Hence lengthy negotiations. Dealing with the last few percent was always going to take the most time, effort and possibly money. Ideally, everyone would be reasonable and a deal could be made. But if the miners are unreasonable, then that's not MC's fault. His problem, but not his fault. In that case, government intervention is both inevitable, and in some ways desirable, as the project needs to move forward, one way or another. You don't see HS2 in the UK or any other major infastructure project just about anywhere in the world being held to ransom by a handful of hold-outs, or nothing would ever get built.

Oh wait, spot the delibarate mistake...

29 January 2020

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Calibre's MCap is well off as well.

"There are now too many options and resulting economics for us or anyone to reliably estimate what would be the results for any of them."

Good questions of course - it's what we all want to know, but as any satisfying answer would be market-sensitive, I doubt you'll get anything significant by way of response. 1, 2 and possibly 3 are likely to be kept under wraps until the RNSs. 4 is, I imagine, a placeholder until more concrete/detailed info is made public.

Mid-2022, if I had to guess, but I don't discount the possibility of being pleasantly suprised. Once the dust has settled after these RNSs arrive, we may find we're closer than we think.

2* 123,972 trades at 52.5p and a 250,000 trade at 54.05. Looks like some kind of transfer to me.

You mean the AISC? Around $690/oz. Probably a bit less in the early days as we'll aim to get the highest-grade ore out of the ground first.

Unclear which post you're referring to patrick. If it's one of mine, then I also invite you to actually address my points, rather than making insinuations regarding my motivations, of which you are entirely ignorant.

Completely missed my point O&W. Address my arguments, if you like, but what-about-isms are just a diversionary tactic.

This is why I don't post on the GGP board any more, as everyone takes any negative view so so personally. But it's hardly a controversial view, away from the bubble of the GGP chat boards. And you clearly forgot our last exchange in which I informed you I have myself made good money in GGP, and elsewhere this year, so no envy from my side.

I'm not that interested in the last 12 months, I'm more interested in the next 12 months. Past performance is not an indication of future performance.

Disapointing for shareholders, but not unpredictable. GGP needed continuous good drilling results to continue to meet the expectations of holders and thereby sustain the MCap - an aspect of the GGP investment case that holders routinely ignore. They didn't get them today and some of the short-term/clueless PI froth came off. Perhaps they'll get them in the future, so all is not lost. Another set of bad results would not go down well though, so more of a gamble today than it was yesterday, even given the drop.

After a big move like yesterday's, I wouldn't be suprised to see more big moves today as a reaction, although whether that's up or down it's hard to say. If I was looking to buy (not yet - MCap still way over a billion), I'd be waiting for the SP to calm down a little first.

sam, gold is at $1841 as I write. Optimism is great, but let's keep it grounded in reality.

Anyone who finds themselves no longer believing in the investment case for any of their holdings should sell straight away. MC isn't going to change his approach for any of us.

I have also made good money in GGP. Not sure what difference that makes to my point? If you had looked at the chart I posted, you would see that it has nothing to do with the price of gold.