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For those of you holding a lot of GGP shares in a SIPP watch out for the lifetime allowance. Huge tax charge if you exceed your limit.

That might be Scally !

Can't see how any institutional investor can buy a decent amount , say 50m, at less than 15p.

My favourite colour !

Yes Tig. I can make it. Thanks for the invite.

I don't think he means that GGP will pick up the shovels ! It will all be done by Newcrest. We would be a minority mining partner

Wasred. And also if Newcrest buy out our 30% their holding increase by 43%

TMT. Seems to me that anyone wanting to buy a big stake, say over 100m, is going to have to pay at least 15p. Might be a good idea to do it by private placement. So £!5m into the GGP bank account, plenty to start off the Scally drills and a lot more besides. And only slightly dilutive but it would probably push the sp up to 15p , maybe higher. So I think the PIs would be very happy. I would be.

TMT. Agree, but many others might be interested, not just miners. Hedge funds, private equity for example. They could even buy in ,say 10%, and watch it double in a few months. Possibilities are endless. Lovely to just sit back and watch !

But I think I'm right in saying that some AIM stocks are free of IHT.

Don't think it matters if in AIM or FTSE as far as personal tax is concerned.

MFW. Wishful thinking, but you could be spot on !

I agree. The Newcrest shareholders wouldn't agree to buying the exploration arm of GGP which is purely speculative. So yes an offer for the remaining part of HAV once they have a good idea of what is there, and then hope to combine that with a JV on Scallywag.

Sounds like you know what you are talking about. So what discussions are these then ? And how do you know they are not taking place ?

I've always worked on the basis that 1% copper is equivalent to 1g/t gold. That's a very rough calculation and obviously varies with commodity prices

Has anyone looked at the Scallywag site on the satellite pictures? Now wouldn't that be a surprise if there was some action going on there !

When NCM talk about AISC is it in AUS $ or US $ ? Quite a difference.

multiple heads ! that would be fun !

I make it 50p on about 4bn shares issued.

31 bagging now. Much more to come.