Member Info for Jambo813

MMs will take the price down as far as they can if results are not good ( or if simply not positive). All part of how they will operate to create volume. Does not matter though if you have the faith, vision and the time to hold until both Hav and SW work has progressed over the next 6 months

The mindset of any company board is number one priority to look after the company.
Admittedly the mantra is always the shareholder but it is the company itself that comes first. Look after the company’s best interest and the rest follows.

Anyone got an idea of how much of the not in public hands is held by the MMS themselves

There is clearly an appetite for buyers at this level and they will always find sellers at any level. However when they cannot find enough sellers and do not want to dip into their carry position then one or more will be converting warrants As I have no doubt one or more MMs will have taken a fair chunk of shares on every share placing, no doubt at all about that.

Why so many complaints about the current value SP ( and for the purpose of the discussion relative to the value of the known asset in the ground at HAV , nowhere else counts as nowt else has been discovered, yet.)
So back to the SP relative to HAV and use the brokers target which if unrisked and gold out the ground tomorrow would be about 66p .
Great, but it will not come out the ground tomorrow, rather over 15 years or so. Each year shareholders will receive X as a dividend. Based on 66/15, perhaps 4 or 5 p divi then.
Again great, but if GGP have no other discoveries the SP will be based on potential future divs over a 15 year period ( linked to the price of gold. Year1 50p ! Year 15 Zero
GGP has great potential to grow from the sound base secured by the HAV JV which in itself has the promise to surpass all expectations on its own. It is a sound buy in today’s range and over the next 12 months the picture could change dramatically for the better on several fronts.
Until then ask yourselves what is the limit of what you would pay now for what you know now.

But then none of this matters as none of this is going to affect the end game price

Tis a pity there are still enough sellers around to meet the demand. That will not last forever though

Surely any RNS penned goes through the Nomad or the company itself first so do not buy into no one except the seller was in the know ahead of publication

Any panicking has been initially among the MMs who were not facilitating the sale. They or indeed all of them would have been as much taken by surprise by the RNS as the rest of us. Only one broker/dealer would have been aware of who the underlying client was .

Exactly RJC
There could be lots of reasons for his sale and the board would have likely been aware of it in advance. He was not a director only connected, arms length at that and not privy to detailed discussions over any price.
The board only needs to put out exactly what you say as this gives a message to the regulators aka IF YOU WANT TO KNOW THE REASON FOR THE PRICE MOVEMENT THEN GO ASK THE GUYS WHO MADE THE PRICE MOVEMENT.
Most of them are within a few yards from your office.

The sale was yesterday and the market knew about it yesterday. Did not affect the price yesterday but must have expected the RNS today.
It’s being played out now. Perhaps checks about to take up his options

I don’t know who you were quoting “ conspiracy “ but seemed aimed at me.
I was talking about factual “contradictions “ you regularly slip up over your interests in GGP. The fact they come over as the sage like know all, is all the more nauseous and boring.
The one thing your post has done for me is to promise myself to keep off this board from now on. LTH in for the LT and only need the regular updates from NC / GGP.
GLA and to you Merc.

Here is my little rant.
Merc you are full of contradictions, so many you cannot keep up with yourself.

Or to put it another way, yawn. 4m sold and 4m bought yawn. Piddly volume yawn. No real fresh interest yawn.
Is that good or bad ? Who cares, yawn.
Back to sleep and patiently await news. Yawn Zzzzz

Memory,
Is that not a bit of a contradiction in your summary ?
If there are twice as many buys to sells ( which is correct) then how do you conclude the MMs are loading up.
They will have sold twice as much as they have bought.

From the NCM initial resource report , a reminder of the growth drilling for 2021.

Havieron Exploration Potential
(approximately South East Crescent and Breccia, North West Crescent, Northern Breccia, and Eastern Breccia. The Inferred Mineral Resource is reported within an envelope of sufficient drill density and above the cut-off.
Within the South East Crescent and Breccia region, mineralisation remains open at depth in high grade shoots as demonstrated in previously reported HAD065W2^^ which included
The Inferred Mineral Resource is centred on the South East Crescent and adjacent Breccia including a portion of the
Northern Breccia and represents a lesser percentage of the currently identified mineral system footprint
650m x 350m), with the mineralisation open in the
Newcrest Mining Limited – Level 8, 600 St Kilda Road, Melbourne – www.newcrest.com 5
120.7m @ 9.3g/t Au & 0.18% Cu from 1349.3m,
including 26.6m @ 34g/t Au & 0.23% Cu from 1384.4m. Growth drilling in
calendar year
2021 will focus on the
extensions and definition of the identified zones external to the current Inferred Mineral Resource.

That is the burning question for me Jiffy and would be more than happy to get a resource update on a quarterly basis. I don’t expect we will though as don’t believe they could do that much drilling to get the detail required, unless they pepper a small area again. They must also be looking at exploring the open areas too. So plenty work ahead of them I think but whatever they release to us this week should hopefully at least provide positive clues .

I really don’t care as long as we do not get an RNS to advise he was a seller of 40 plus million to balance up today’s buy v sell volumes LOL

Approx 35m to meet today’s excess buys ?
From memory there was just over 30m warrants left to be converted.
Who held them, IMO was always a couple of the MMs
Hydrogen said the other day he can see MM positions via Bloomberg. I would love to know if he can share that information. Even just a total percentage.
Whatever they hold, one day they are going to run low and GGP will find its true value.

Says it all.