Member Info for Jambo813

Hope relationship with NC is still good as not sure if the below comment from GH is a snipe at our JV manager.
“ The Paterson region is currently one of the most active exploration areas in Australia. Recent discoveries by Greatland (Havieron) and Rio Tinto (Winu) demonstrate the potential of the region and highlight the lack of historical exploration, particularly over the extensive areas under cover”

DRG1980
I know what the basic agreement means but there is an established business relationship.
They will likely have at some point by now been going through many what if scenarios, perhaps sussing out what each side’s intentions would be.
In the scenario GGP strike again at SW, NC may want to act swiftly, so who knows what is agreed behind closed doors.
I don’t for a start.

Especially the other projects.
While NC & GGP awaits the HAV results outcome and perhaps progress talks they undoubtedly have had.
NC with first refusals on other projects will surely have requested they get to know about them before they are released. It’s part of the JV agreement and they will be subjected to Insider rules. Never the less , they will get first look at results.

Thanks for the explanation Paddy.

Excuse my ignorance all, but how is it we know someone or body has paid for the high resolution access. ?

Who says SB shares have been bought up. Could well be many of these shares are now in the hands of the MMs

Miagi365
Re your question “ 2) Do the "Tolling Principles" still apply in the event of a takeover?
Do you really think this is an issue. ?
I mean really ?
Really ?
?

Ultimately, whatever the final value for Hav is and how it is reflected ie : SP / special div etc, is in the bag and time will reveal the answers.
As from tomorrow I for one am more looking forward to news on SW drilling.

This was in the article, “ In the last three months, insiders have sold 9,250,000 shares of company stock worth $110,500,000. “
I did wonder who the truck is Trucky, assumed he or she was the author hence my comment on maths.

No disrespect intended what so ever regards GH finance experience as no doubt what he has is an advantage.
As a fund manager though, he is no match for the dark glasses brigade in the investment banks so I do hope he / GGP get strong support from their brokers

Agree with Floater re Latcham and as posted before I think the deal whatever it is, has been struck in principle and resource/ price TBA.
Latcham would have been heavily involved as thats what he was on board to do. That part done so justified in cashing in on some options.

Trucky would get a grade E for a maths GCE

TMT
I don’t think it’s a case of NC not playing nice.
I think as most do, NC want to be mining asap and they want the lot. If say GGPs share was 5m oz then NC s logic would be
1. If we let GGP retain it, we lose the opportunity to have bought it.
2. If we do not buy it and GGP sell it to a competitor then we (NC) instead of having an extra 5m reserves ahead of said competitor are 5m down.
3. We need to find another 10m to get the 5 advantage from elsewhere because we did not buy the 5m that was on the Telfer door step.
4. Conclusion BUY

Bamps, the one thing that you do not need to be concerned about is a merger.
Mergers are common between equals. Buy out GGP, possibly, but no way would a merger even cross either sides minds.

Just one thought ! Assuming they want to do a deal.
If NC & GGP cannot agree on a value because there are too many unknowns in the short to medium term. On that basis could that affect GGP s ability to fund their cost of developing the mine. Perhaps increasing the cost to borrow and taking longer to find a lender. NC as manager will want to push on ( or would they ? ) and could be in a position to impose a deadline for GGP to come up with the readies.

Spot on Broomfielder.
GGP went public with intentions to mine so NC s comment suggests they are into the business end of the future ownership of GGP s stake. They both need to know for future planning.
Does not mean we will hear anything soon but both sides must be in talks to agree in principal now, regardless of what the agreed value arrives at.

Agreed Timber, ad was his comment before the Q&A that HAV continues to yield high grade results.
That was definitely an update since the exploration results.

Sandeep would not be saying that if they had stopped finding high grade even this week.

Merc
You had newbies and others fawning over your all in with the house, investments etc post.
It’s not difficult to see your posts about other stocks your trading and let’s not forget your sale of GGP just in case they are suspended.
Come on man, please do not take me for a fool. You are not all in as you say and it’s bad form if your post leads to some impressionable pi thinking they should follow suit.

If you are buying more GGP how does that stack up against your recent post....
RE: GGP Question16 Jul 2020 20:47
The LTH’s, and the people that know me personally here, know my situation, average of around 0.8p, and at 2.7p went all in with everything i have, and i mean everything, savings, investment and house.

Some say stupid, some say smart, only time will tell. Why’d i do it? Because to really live the life i want for me and my family, i had to take a shot, you dont really get to be free In life, unless you are financially independent, and you have to either be very lucky, or take a chance to achieve that at an early enough age, that you can enjoy it. I’ll be damned if im going to spend the next 30 years of my life sat at a crappy desk, working 8-6, missing my boy growing up, for some schmuk to get rich off my sweat and time.

So i loaded both barrels and made my move.

Now im sat on a frankly ubsurd profit, I’ve packed the 9-5 in, I take a “wage” from my holding here, and today, for the first time since that dip to 2.7p during covid, i sold some. 85,000 odd shares at 12.15 (2 trades) about £10k

Why? To de-risk? No.

Because im so damn sure of how this is going to play out, that my only “risk” currently, is that GGP is suspended pending an offer. This could go on for a few months like EUA recently, so i need a small bank of funds to tide me over when it happens, and im in no doubt, it is going to happen.

So now im sitting waiting patiently like everyone else for the fat lady to sing, and in 12-24 months, il either be writing a bio about how i went from “riches to rags”, or how i bought a lifetime of freedom, by taking a leap of faith!