Member Info for Jambo813

Will post again at 1.44. Patience pays

I’m still here but no point in posting as nothing if anything will transpire until we’ll after Putin is dislodged . The end.

Just seeing headlines more intersections discovered and delay now in the expected Nov report.
Does or can that mean an increase in mining costs as more to mine out. Also will delay in the Nov report impact on the ink being dried on funding - can the letter in anyway put our 30% at risk.

The resolutions will be passed, no worry about that as individual investors very rarely vote so it is guaranteed the directors and a few big shareholders will get their way .

It’s in our control so if it comes just say no and no again if they come back with another offer. 2 rejections and they cannot approach again for 12 months.
Whatever a bid is just remember it’s because the buyer thinks it’s worth a lot more than what they are paying.

Ok I’ve read the feedback but the main point of my post is trying to fathom the reason NCM turned down a bargain on the 5%. I have yet to hear one so logically it is part of a strategy they have yet to execute.
As for the funding, SD may well have a shed load of term sheets he has been sitting on. Every one of which if not already amended , will be amended to reflect higher interest rates so why dither around and incur more expensive terms. Red flags and yes IMO

The bottom line is NCM paying the so called fair value for 5% would have been an absolute bargain unless they believed Hav was only capable of deliver 1.2 bn. Really?
So what is their game here . It can only be GGP are going to get squeezed when funding is required.. NCM know it , SD knows it to. I have never bought into the love match that many talked about in the past and I don’t believe there was a queue of available lenders as been said months back by SD otherwise at least part of it would be signed and sealed already. Which bank does anyone believe would right now or this year sign up for a few hundred million. Not possible.
SD may yet pull a rabbit out the hat but he must know when the pinch is coming cos NCM have a plan to deal with GGP and our 30% stake.

Long term holder and still believe in the returns we will get from mining Hav. BUT and I have said this before… what is in the small print if we do not come up with our share of the costs by the date BEFORE mining. SD needs to let us know what’s we stand on this.if there is really no problem and
Multiple banks willing to lend it should be done as interest rates have been rising.

Well done Pratty and good luck if you come back or not but from an investors view let’s put your post into perspective.
You are behind just one of tens of thousands of sales ( and buys) over the last few years since the SP high ( thank god they didn’t all choose to share their trade reasons) so your particular trade is …well … insignificant, cannot add anything more to that other than ..,yawn!

Wow, some here are actually debating whether HAV is going to be mined or at best chucking reasons into the hat .better to try and come up with one reason why it isn’t, . Now that would be a challenge for the grey cells.

If anyone has invested for over 2 years then they must be fully aware of what the value will be at or more likely approaching mining . Which by the way will still not be the top as they will still be drilling . We are all aware of the so called Games being played and that will end at some point before production. Chuck in any new discoveries between now and then and the picture as far as SP is concerned changed dramatically. Bottom line is if your still here after 2 years or more why offload now for no reason and if no reason find a better investment than GGP

By the time GGP are mining g Gold price should be in early stage of a bull run from a low mid $1600

I want GGP to retain the 25% and reap full benefit on the eventual size of OUR discovery.
The only thing that can stop that is if we do not come up with the funding as IMO we do not know what the bankers or the market will base any loans on at the time we need to come up with the readies. And we do not know the details of what happens if we cannot raise the funds - can NCM just take it from us by way of a similar valuation on their latest / updated MRE at that point . There has to be something in the funding contract that covers that scenario.

I think they just might for a few reasons , and give the message that at this point the 2 sides have still not reached any agreement, then leave it at just that.
Why?
For 1. They obviously haven’t.
2. They would obviously take the full 30% IF THE PRICE IS RIGHT.
3. The task of tempering exploration updates for GGP shareholders gets tougher each time.
4. We really don’t know what is going on behind the scenes but you can bet NCM will want to return the bloody nose they got when SD dropped the GGP mid update.
In summary what better way to put pressure on GGP pre funding and at same time create uncertainty to impact the SP. Perfect scenario and timing if you really want the 5% or indeed the lot or even buy out of GGP.
Probably won’t go down with a few here but as most agree NCM are playing down or at best conservative in their updates and general language from early days, it must be for a reason.

I borrow an orange from A and then lend it to B or I use it as collateral in a DELIVERY BY VALUE trade.
The DBV trades are overnight and used to borrow cash against collateral ie shares. They unwind next day but can be rolled overnight again and run for as long as you like. Only fir the big boys and members of the Crest/Euroclear system

JPM borrow GGP against collateral of stock (s) they hold long term.
JPM use the majority of borrowed GGP as collateral against other stocks or cash they borrow ie in DBV trades .
The advertised JPM / GGP borrowed/ short position attracts other actual shorters.
Meanwhile JPM nibble away at the self full filling drop in the SP
WHEN JPM have filled their or their clients boots, they call back the GGP collateral and close out the open loan returns. All in one swoop . True shorters are caught out while JPM enjoy the price rise from there on in. No risk attached .

Malva
Have I missed something re the financing via bank loans, are these now in place?

Basically on news, and yet again the perfect update great results and sprinkled with “OPEN at”
Whatever the end game Mining - sell part or Al our share or taken out, the end value just keeps on rising because this monster of a mine is heading to district scale.
The end game is all that matters , nothing else and it gets bigger every day .
Closer as well.

Not sure why many are confident we will see an RNS tomorrow as we have only released previous ones after the NCM release. If GGP are going out on their own for mid Qtr updates they could have easily had time to release one today. Given NCM are the project managers I’m sure GGP will need them to at least have some sight over any news release which obviously they could take longer to mull over.
I may be way off the mark here but you never know

This was just a punt with me but now I need to ask the question. If there are buyers out there desperate for EUA assets competing to pay £££ against our share price when it was in the 20 30 40 range, why are they not just taking out EUA with a 50% premium at current sp levels and ditch what they don’t want.ain’t rocket science if it ‘‘twas such a steal.