Member Info for GGPThruandtru

I’m with you Lenz…if we can get 300-500m I’ll be very happy (provided it includes some clause for future ounces)

Easy example say using 10moz at time of deal.

500koz will be the 5%
@$200 per ounce equals 100m
@$400 p/Oz equals 200m
@$600 p/Oz equals 400m

I think somewhere in between those above will be decided with extras from extra ounces. Like Sojourner says, we need to be careful. Need that clause for the extra ounces over time.

Now it’s all about what value Newcrest and GGP want to put in the “in-ground” gold! From what we've seen elsewhere it can be anything from $50-$750 per ounce. (Fingers crossed emoji)

Bloody hell LA, talk about put the cat amongst the pigeons with those maths lol ;-)

200m 5% values the rest of our 25% (Current Hav) at 1bn…let’s get that roulette ball spinning. Pick your numbers…

Well, thinking about this move from Newcrest…can we put to bed the idea that Newcrest were manipulating the SP to buy us out. If they were planning on a buy-out, they would not have activated this 5% purchase now.

Well well well…looks like the fun has started…this will the first true picture we will get about how GGP and NCM are getting along and the first true test of SD’s affiliation to us shareholders. Fingers crossed he’s on our side

So was going to write this just after watching the AGM, but the board has been so busy this week, thought it was pointless. So I watched it again.

I like to think I “know” and am able to “read” people. As much as I wanted to watch the AGM whilst being annoyed at SD for the raise and the way he handled it, as soon as he started, I can’t help but like him.

The thing about Shaun “Multi-Factorial” Day is that he’s a WORKER BEE. He’s not and never has been a lifestyle CEO. He’s worked his way up in various companies including Northern Star by actually doing a job. And that’s what he’s doing here. Quietly and confidently going about his business hoping to create a lasting legacy in a company he clearly wants to be a part of for a long and hopefully prosperous time. He “enjoys” what he does. You can see it by the way he talks to us and about his business. He acknowledges us PI’s on a regular basis, including all the daft questions he keeps getting asked about the SP and other stuff. The whole “takeover” thing started online, not from within GGP. We put him in that position and he needed to address it.

That leads to the other aspect that has been mentioned here multiple times. “SD is a company man and doesn’t care about us lowly PI’s”. - I wasn’t sure also to start with, but again at the AGM he directly addressed all the PI issues we had here in the weeks pre-AGM. He addressed:
- the extra 0 in the resolution
- the decline queries (soft rock slower and as we get to the hard stuff it will speed up - just like certain people on this board have been saying for ages)
- the cap raise (banks don’t lend 100%)

Clearly he listens to us and even answers the daft questions. How can we not appreciate that? And then the worker bee goes on to mention “his team” - that’s what he’s been working on all year and he seems chuffed with what he’s creating.

ESG funds are massive and will be even bigger in the future of a hopefully “green planet” - he likes those too. He’s so many steps ahead of us, it’s not funny.

Yes, the SP sucks but SD feels this too. You can sense it. He can’t wait for it to recover a little so he can really start to enjoy himself.

Trust the process, trust the fundamentals and let’s try and trust SD. Let’s stop with the takeover malarkey cos clearly he’s not interested. The little worker bee is busy going about collecting the honey and making sure we’re ready to make that transition to a term he used a few times in the AGM. A producing “mid-cap miner”.

2022 should be a VERY interesting year! Let’s support him on this journey.

Rosso, that equates to £75 per ounce in ground value for the 5% @ 400kozs. Hmm…very cheap to me especially coz even brokers are estimating a minimum of 10moz there with an AISC of less than $700.

Telfer is currently the only one but it does look like Rio are pencilling in 2024/2025 for their planned processing plant up at Winu. That’ll make things interesting for all the new discoveries in the area.

Grace Project just south of Telfer.

https://hotcopper.com.au/threads/ann-high-grade-gold-results-returned-from-grace.6487520/

Lovely to see some drill results back at last. 96m at anything is pretty decent for an RC drill especially first time after a long time without drilling. Dual listing at the moment would cost too much I think. Wait for a bit and get further along plan before considering that. Good start and more to come please Cobra!

Wow…what a world some people must live in if they are not able to trust anyone! I know in business it’s a little different to “out on the street” but some sort of leeway needs to be given to people we don’t know. You should not go into every relationship with the motto “trust no one”! I mean c’mon, it’s only a step away from saying “the truth is out there” ;-)

With Havieron though, the truth is literally out there. Mahoosive. “Open in all directions” Yes, SD has been in charge for the drop but as other are saying here, we were way overpriced at 38p (for the time) - it will come again though. Forget the 38p and start again, you’ll feel much better about your investment.

As for Borelli. He used to be one my favourite footballers so I’ll give him some leeway too. He’s been in since before the massive SP increase and still here. I have no reason to doubt him either. Couldn’t he have been talking about a takeover of Havieron and not GGP? That would mean no requirement for the company to ask for permission from shareholders. Also bare in mind, in live presentations wording isn’t as important as the written. We all sometimes say things inaccurately using speech. Doesn’t mean it’s gospel.

Thanks Starbright. Time will tell I guess. Good thing Newcrest use $1400 then in all their projections!

@artrader - That Altus deal doesn’t concern GGP at all. You’ve lost nothing here. Not sure about it’s effect on Altus as o haven’t really read it all properly. I am curious though to find out where these 23 projects in Australia are. I couldn’t find a map. Could be some interesting locations but I don’t know the costs associated with all the projects for Altus.

I do have one question though for people out here regarding this deal. If you look at it, Altus project income from these locations over the next few years using a sliding scale gold price.

“The Acquisition is expected to generate attributable after-tax revenue to Altus of approximately US$3.5 million pa over the next 10 years based on internal assumptions. This is based on production forecasts provided by the seller and a sliding scale gold price based on consensus pricing as at September 2021 ("Altus Assumptions") of:
· 2022 - US$1,879/oz
· 2023 - US$1,765/oz
· 2024 - US$1,712/oz
· 2025+ - US$1,599/oz”

Does this mean they are predicting the gold price to drop or this is sliding scale downwards a normal thing?

Haha yeah…cheers Edm. Can always trust autocorrect to choose the most important word to change…doh!

Trading Halt at Paterson Resources (PSL:AX) pending results from their Grace project. (Just south of Telfer) - more mineralisation in the Paterson? Don’t think companies issue a trading halt on poor results?!?!

Also, let’s not blow these resolution things out of proportion again please. We did the same this last time with resolution 5 as mentioned below. This stuff is basic terms and conditions in nearly all companies AGM. Go have a look for yourselves. Let’s now worry about this again. We either trust the BOD or we don’t. Last thing we want is to constrain SD’s plans and future activities.

Newcrest haven't done this to raise cash. Merely streamlining the business. As Sandeep said, they are only after Tier 1's now. Get rid of the dead weight and concentrate on more important things.

Cheers Bamps. So in that case there does seem to be a very high pocket of gold around those hits as they are all aimed towards the same area of the south crescent deeps, true depth using your calls of around 1230m. Depths are looking phenomenal folks. Seems to be getting better and better grades the lower we go.

Looks like there’s more chance of global warming destroying the planet before this resource is exhausted. 100 year project!?!? ROFL…

Here’s a question for the geos/miners or drill educated…

I’ve noticed on the last set of results a sort of pattern emerging after 1400m till around 1450 so far (1420-1440 is the main area) of really high grade returns…20m@15g/au and a couple of smaller lengths at over 70g/au. Could there be like a large 20x20 pocket of high grade gold here? I’m thinking like 20m high and wide slab of solid gold??

Or is it merely the length of the drill that is 1420m so the three assays I’m looking at might all be at different heights?

@dsmith - and with respect to your post, it all depends on what you’re trying to accomplish in life. To me, being stress free and relaxed is my goal, so “sitting on my hands” as Paddy puts it, is the best for my sanity. Sure I could have timed selling at 30+p and bought back now…however, would I maybe have pulled the trigger at early 20s? Then I’d be going crazy I didn’t wait for 30s…on the flip side, say ok, I sold in the mid 30s, I know from my belief in the GGP fundamentals that I then would have probably bought back in when it dropped to the mid/low 20s. Then I’d be going crazy that I was now down a carp load and getting stressed again. Either way you look at it, all that faffing about over the last year buying and selling is way more hassle than I need. So I bought years ago and as the asset has progressed it’s still getting better…so…I sit on my hands and wait. No hassle, no stress and leaves Thru&Tru and much happier and sane person in my said to day life. It’s all about how you look at it.

Guys, I’m all for faith and belief in our asset but this blind faith that is currently shown for Shaun needs a bit of a rest. As much as I supported him in the last year, my view of him has quickly diminished. Buying more land has always been a way of exploration companies trying to prop up the SP as they have nothing better to report. The placing was a joke at below what was looking a very strong support at 16p. He destroyed that support with one action. The blind faith has to stop and we need to start making him accountable for his decisions.

Sounds like he’s not even going to be able to get NCM to release the updated MRE before the new year, which in his words is “what he wanted”.

As much as I love the asset, SD has to win us back now and fast.