Member Info for GoldenI

Schlemiel
Worth listening to - under 7 minutes long

GH could hardly speak he is so excited. 'overwhelming'.
We hope to have more good news for investors shortly.

Looks as though all of the top slice targets have ratcheted upwards after last night's news release... and more to come in 6 weeks.

Does anyone understand this regarding HAD066: Results are pending for the remainder of this hole, though the current intercept reported is closed off.
Does that mean that there may be more, but the currently reported find in that hole stops ( and may or may not start again}?

I never could understand 3D trig, so these diagrams are hard to fathom.
Need Paddy to do his corebox thing - but the man has a day job!
Don't know how he manages it.

If Paddy is happy with the update, then that is good enough for me.

This is one of the disadvantages of holding shares in a company that has a JV in Australia!

Today is half way between quarterlies, but there is no absolute certainty which night the announcement will be made,

soon

Seems to happen now and again - happened yesterday - lasts a few minutes.
Maybe some form of upload or update? Seems software related as it is a fairly frequent occurrence.

I could not see the point of registering for a first time post just to mislead if you were holding a very tiny percentage of shares - the first timers seemed to be kosher for me.
Maybe I am too trusting, but it might have been different if a lot of them said they held 20m or more.

Looks like positions taken for tonight - very little activity in terms of volume thus far today.

It is to be hoped Mickey.
What is your hunch to reality ratio?

Catching up on 5 pages of reading... 100%, 99%,1%...
Takes me back to my childhood.
Granny giving us half a crown to share between four of us.
Little sister didn't understand how oldest brother pocketed the big coin and then dished out sixpences to the 3 younger siblings. Sure he was better off - comes with being eldest - but how come had the whole half a crown? He was a half a crown better off!

Well Mushroonkid - you are already half way there by all accounts (eccentric)

Thanks Paddy.
The calming voice of reason - back on topic.

Nicely expressed Coach - very succinctly put.

RedJ
Opportunity cost.
Why pay for 25% of Hav - if you are going to buy - when you can have the whole lot of prospects for very little more, or spread your risk with a number of JV's.

FWIW, I cannot see NCM making a play for that part of Havieron that they will not own. The 5% taking them to 75% - certainly, but the other 25% - why?
Why pay full price for 25% of Havieron when there are so many opportunities out there? They have just raised cash and invested elsewhere - yes they are still cash rich, but large companies like to have a good buffer, especially in uncertain times. NCM probably would like to get some positive cash flow feeding into their accounts from production before another big spend - but the right offering at the right price, well they would have to take it.
I think that NCM will either (a) see the JV out and look to enter other JV's with GGP...OR (b) buy the whole of GGP at a price close to FMV of the 5% plus 25% of Hav,plus a little (say USD50m as previously estimated) for the remainder of the estate.
Not sure anybody else would want GGP's 25% of Hav - too many disadvantages when you are the junior partner in a JV unless you retain a very good working relationship (which NCM and GGP evidently have).
This is what is most appealing for any consideration of a T/O - Extract from GGP website: "Following a review of regional geophysical and geochemical data over ther Paterson project approximately fifty targets were identified in the broader region, with around half in ground held by Greatland".
As ever, just an opinion... DYOR and IMHO

Good point Paddy.
At least the share price did not spend much time in the 10p range - bodes well, we all hope.

Well done Paddy - good story.
Does show how important PERSON is - GH - and your ability to have sensed the integrity shown by the BOD.
All good when things are going well, but true sense of character when there are setbacks.