Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Whilst appreciating that there was a measure of inconvenience and disappointment around the way in which the cash raise was organised, it is good to remember that many companies in the position of GGP would have chosen to arrange a placing privately with a number of institutions, and the PI would have been completely excluded. That said, the market price this morning was very little different from the placing price so providing an extended opportunity to buy.
I presume that the costs payable for a raise this way are substantially less than by many of the alternatives that allow PI's to join in (???), so I think we have not really been that hard done by - so long as the price recovers and exceeds where it was.
spoton1
I understand the sentiment, but we have to be a little more patient.
The RNS told us enough to make a decision on whether or not to partake in the fundraise (or buy this morning on the open market).
The AGM is looming, as are drill results from various sites.
I would not expect any clarification now - time will unravel how the funds are used, and we all clearly hope for more Havieron-type finds.
HSBC Investdirect do not accept PrimaryBid - so I am effectively frozen out.
I suggested the outside possibility of a placing some time ago - to some ridicule.
Copied one reply:-
napthman1
Posted in: GGP
Posts: 5,736
Price: 16.90
No Opinion
RE: PLACING?11 Aug 2021 14:42
What do we need a placing for? Go on just as we about to fly this garbage gets posted.
IDIOTS
Weekend coming, share price recovered a little, football tonight, still waiting on Juri results (although not expecting too too much), SD in good spirits, lots of good stuff... let's not argue minutiae... innocent until proved etc.
Scott
Percentage of costs of upgrading the Telfer plant to treat the Havieron ore will not be borne as a capital 'up front' amount by GGP but will be paid for as a deduction in the value of ore processed - so GGP pay incrementally as the ore is processed.
That is how I read it - so very advantageous way of paying for this by a junior miner,
My 2 day suspension - like many others - has been reduced to 1 day.
Noticed Mushroomkid post removed just after mine.
Bizarre that there was a flurry of suspensions then total inaction.
Beginning to feel that there is a consistency of inconsistency.
TT
Has anyone seen or drawn a 3D diagram showing these incredible intercepts?
Just musing - and I do not know if enough information is given at the granular level - where for instance is the 14m at 38g/t?
Are we looking at something like a layer cake with layers of poorer mineralisation and then intermittent veins of thick mineralisation?... and the thicker layers are at what depth?
If there are veins of thicker gold/copper deposits at depth, and if the infill drills show that they run for some distance, then surely this makes the mine plan slightly easier but also incredibly rewarding?
Or is it 'probably, but too early to define fully'?