Member Info for Jambo813

Why would he post this on his Twitter account as well as the RNS ?
Think about it . Sincere Good luck to GH on his next venture.

Spy always known about dark pools and it’s an obvious answer to those who keep asking where the shares are being sourced to meet buys. Could be they are borrowing though as well . I have worked for a few MMs, not many ways with likes of AIM stocks they can make profit other than the basic turn.
Different on main Global markets. Here is one for you to ponder Investment Bank A sells shares to Investment Bank B.
Buys the exact number of shares back a few days later at slightly higher price. They both profit .

IMO a large seller is using one large MM via a dark pool to sell in the 20 range. That is where the extra shares are coming from to meet the net buys reported.
Next update on the large shareholders list may give an indication of the individual who has offloaded . Much easier to find buyers in this low range so no panic as when the seller is finished and any further, as expected positive updates the whole picture will change.

How much of the Not in Public Hands is owned by directors? As the balance should be what the MMs are carrying.

These big buys are not being sourced from PIs selling on the open market. Has to be a big seller using the dark pool. Cannot be current directors as they would have to report their dealings.

Jaguar7
That was part of my point if HAV was to be the only proved up and near or in production asset.with income of 400m pa
I don’t think the SP would be near £1 on say 15m ozs
I do believe by then we will have hit pay dirt on other licences though. That is the calculated risk on our investment whether it is to exit full or part at some point or hold for the HAV income and spoils from other licences
GLA

MF11
Dividend distributions by companies average about 5% of clear profits. Can we really expect dividends based on something like 50% ?
I am not deramping but unless we have other fruitful licenses that we progress to proving up ( at costs ) then I am only questioning how much of a HAV only asset is going to mobilise is divi payments AND how that would reflect in the SP .
Fair question us investors here should be asking.

Posted this on another yesterday, half expected to get shot down but hoping for informed reply and got neither. Expect at least a positive is that HAV will eventually throw up oz in the 20m range.

RE: Response from Steve TodorukFri 19:41
Ignoring all other licences, when Bamps in this thread said we can look forward to HAV income of £200m pa and a few years later increasing to £400m (after costs), sounds great.
When you factor in Corporate Tax, loan repayments ( cost of financing our share of the mine cost) and capital for ongoing exploration business. Whatever is left for a dividend each year ( let’s assume over 15 years) even based on the higher figure of £400m is only going to be a dividend of around 3p. Am I missing something here as cannot see why I would buy shares around the 50p mark for a small dividend and the risk of no other discoveries of same value.
Heck, you could buy Lloyds shares in the 30 range get a similar divi. Boring yes, but they have a sustainable business.
Genuine point IMO, so am I missing something on HAV ?

Ignoring all other licences, when Bamps in this thread said we can look forward to HAV income of £200m pa and a few years later increasing to £400m (after costs), sounds great.
When you factor in Corporate Tax, loan repayments ( cost of financing our share of the mine cost) and capital for ongoing exploration business. Whatever is left for a dividend each year ( let’s assume over 15 years) even based on the higher figure of £400m is only going to be a dividend of around 3p. Am I missing something here as cannot see why I would buy shares around the 50p mark for a small dividend and the risk of no other discoveries of same value.
Heck, you could buy Lloyds shares in the 30 range get a similar divi. Boring yes, but they have a sustainable business.
Genuine point IMO, so am I missing something on HAV ?

Bamps, I thought GH said he would look to borrow on the markets which I assumed would be bond holders

If NC are looking to take GGP they will strike IMO as early and as fairly as possible. I am sure a cat and mouse game is being played in the background as big companies will always want as much as they can get for as little they have to pay for. Hell, they have a duty to their shareholders.
Scally was out of bounds to them as is our joker card ( if we strike if and before NC start to circle for a bid).
If they do it is more likely to be just after they have completed their 65,000 mtr drilling to grow the resource.
That is the fair bit as mentioned above.
Yes, the resource very likely would continue to grow over many years but that would just about count as naff all, other than an additional premium included in the offer.
I reckon GGP recognise the potential timing of any forthcoming bid ( that was what our new CEO s company specialised in, taking out near to production junior miners, so knows how and when the bigger fish feed). He is a finance guy, not a exploration man.
If SW results are promising would make NC think very seriously about a full bid as quickly as possible. They pay a premium certainly but get a bargain all the same as GGP would not get any more if simply selling to another buyer.
Newcrest know the majority of shares are held by PIs so come middle of the year when resource has been increased and some SW results amongst others are known, I would expect NC to at least be thinking of testing GGP shareholders with a fair offer. One they would be confident that would be accepted, as they do not want rejected as that would prevent them making another for 1 year.

Judge
Since when has a board been obliged to respond a few speculating on this type of forum.

It is neither, they are just re-financing. Part of company housekeeping.

Would not be surprised if the MMS just taking advantage of speculation . Turned round 9m shares between those glad to get out and others bought as they think speculation could be correct.
I don’t know either way but certain there is no leak or this would be moving on much higher volume

The net proceeds from each issue of Notes will be applied by the relevant Issuer for its general corporate purposes.

I guess they cannot give any more details at this stage unless you are a big player and get an understanding of how they intend to profit from the issue.

I would not look any further than 2. GGP
This will have news flowing throughout the year and Newcrest just given another update tonight with great gold & copper results once again. Still open at depth and sides. Now getting just a teeny bit impatient with EUA but hopefully don’t have to wait until after the next NC/ GGP updates.
GLA

Our results speak for themselves and I think they had a good idea they would not be let down.
I think the new area they discovered at Red Chris was something they would have been happy to promote first as RC has played second fiddle on the updates so far.

@TMT I probably wasn’t clear but agree with what you said.
Just think NC are cool with GGP progressing SW as know if the gold is there it’s not going anywhere and GGP will find it.
Even if NC did get knocked back recently they know they have the first refusal card if it plays out or full takeover becomes more attractive.

Zoros
I agree re low hanging fruit but also IMO they (NC) are focusing on HAV. They would have gone for Scally if first drills had been lucky enough to have (more than just) interest them.
NC will be happy enough with what they have JV’d so far and for GGP to find the sweet spot at Scally. If and when that does happen will be the point NC make a decision, if need be to buy out GGP
No more sharing, they will pay to take the rest of HAV and Scally by invoking their first refusal clause or table a bid.

So to sum up all this speculation,

Sit and wait. The end.