Member Info for GoldenI

I have always felt that if NCM offer to buy the whole of GGP, it would be at just below fair market value price of the 30% of HAV. If they wait for SW initial results, and these are positive, it will obviously drive the price higher (as no longer completely 'potential').
That way, GGP gets close to a fair price for what has already been found, and NCM get the other tenements as investment potential.
One thing is for sure, NCM would not want to pay full price for just the 30% of HAV, why would they?

But what if your wife (shareholders) looks at the shiny classic car and then looks at the wad of cash, and says 'take the money'. Then what?

There have been exploration drilling update reports released half-way between each set of quarterlies.
So you rightly say 3 or 10 September.
The dates are not reported beforehand - up to now - so you have to calculate and approximate ( unless the member on this board who has asked the company for a definitive date gets a specific reply).

Some seem to think that they can make others nervous by saying GH has sold some shares, whilst buying even more via his available options.
A little disingenuous I think.

Paddy reckons Havieron update likely to be 10th September. Remember the drilling updates are halfway between quarterlies.

rise is a rise by any other name

MrEMC2 - Not that bad - NCM share price down just over 1% after some good growth.
Analysts seem to indicate lower projections for FY21 may be partially to blame.

Thank you for all of the detailed information and extracts - was a bit too late for me to listen to live.
Interesting to see on the slides that NCM continue to experiment and find new and more economic ways of mining at depth - and starting at Telfer - that they reckon can be rolled out elsewhere.
Bodes well for whatever may be found at greater depths at Havieron, in terms of being economic to mine, and maybe a very close geology to Telfer.

Thanks Paddy.
Hopefully they will be able to prove up the 'extrapolation'.

Further to what Schlemiel posted earlier.
It seems most likely that GH will be unable to deal in the period between SW drills revealing anything, and the market being advised of what is or is not found.
So if GH wanted or needed extra funds in the next month or so, now would likely be his one and only opportunity to deal.
Absolutely no need for concern.

Thanks Paddy.
All coming together quite nicely.
(and thanks reddirt for earlier notification)

As a minimum NCM will need the MRE to increase their percentage ownership to 60% and 70%.
I do not think they will mine without MRE - just getting the permits in place concurrent to ongoing infill drilling and progressing the JV to its natural conclusion.
Real haste being shown, and real intent - not just words, which is very reassuring.

Is there any certainty that GGP would provide an RNS for this?
Presumably it is for NCM to do first, and then as it is only the application and not the permit, maybe they will wait?

Not complaining - bought back yesterday the 20k shares I sold at 14.4p. Main holding untouched.
Market did not drop as dramatically as GGP share price yesterday - nor has it bounced back as strongly.
Just seems strange - whilst so many believe that 'market forces' are solely to blame, you cannot help but think someone is playing around with the price to their own advantage.

Crazy, wild swings in share price.
How could it go so low yesterday and bounce back so strongly this morning?

1. Options are worth nothing until sold, but always there as part of the remuneration package. Not as though we are talking about a large sum of money in the scheme of things.
2. Tier 1, Tier 2, etc ??? We can see from drill results that there is a large and growing and almost certainly commercial deposit of gold and copper - so that is what really matters. What tier we have is a matter of opinion and fundamentally guesswork - like so much - until later.
Share price is really holding up well when we consider how much it has grown in 6 months, so all appears to be good as gold.
IMHO

Well said Jerry.
Style- especially for a first post - sounds all too familiar.

USD1880

Paddy
Might the Breccia new zone and Breccia collar to the high grade area actually meet up?

Are those Breccia zones in the North West converging to make one large ore body?
Or are they at substantially different depths? (the new Breccia zone as opposed to the Breccia collar to the high grade elliptical area?)