Member Info for Jerryspaniel

Well done Mark. Happy to be of some help.

It was an excellent way in to owning GGP, getting 1.5 GGP shares for every SVE and paying less for the privilege. It was very illiquid recently but a few years back it was pretty easy to accumulate quite a few. So I did. Nice start to Friday.

There is a wealth manager in Somerset who will be popping some corks this morning as they had built quite a stake.

Also Callum will now hold a lot more GGP.

Dip, thanks for your conservative calcs. I was v interested in Dons methodology, using a high production rate, a very high gold price and a high multiple, it’s quite easy to get to a pound. So the obvious answer is that value is somewhere between 20p and 100p.

By the time we get any kind of proposal from Newmont that is worthy of the board putting it to shareholders, we may have lots of other news and information that narrows that spread a bit/a lot.

So my answer is definitely not accepting 20p, definitely accepting a quid and for anything in between I will judge when the time comes.

Speedy, more wise words from the sage of Southend.

Tig, You are investing basis last years philosophy, so asking the wrong question. In a high inflation, high interest rate environment its really not about the size of the resource, its about fcf. So the real question is not whether its 8, 9 or 10m ozs but when will we have fcf.

From a waggy tail, not snappy, spaniel.

Speedy, there is. Its called the Shanghai Gold Exchange.....Trades at $100 premium to the false market. But I know that you know this:-)

Tig, there is definitely more than one earthly reason, and one very obvious one. Just a pity that you cant see it.

Two great finds HG. Thanks.

Excellent discussion between our best and most knowledgeable posters this morning. 👏👏👏

Just read the lot as I woke up in Vancouver. Flying home tonight with a good feeling about the assay results coming up.

Trippy, I think GH was ok at getting the sp from 1.5 to 6-8p. After that he had no influence.

Some of stuff about GH might surprise you. It horrified me…..I am no fan anymore.

Given the options package announcement a couple of days ago, it would be really bad form for any significant news to come out so soon after that. So my guess is no more news till assay results.

The issue of being restricted from buying shares was a valid excuse. But no longer, as the reason they couldn’t buy shares would also mean they couldn’t issue options either. So Shauns usual retort is invalid this time, and again should be challenged.

Firstly I am a great believer in otm options for exec directors and senior staff. But I think they should be accompanied by at market share purchases. Only then can they truly say that they are aligned with shareholders. So if the sp falls they lose real money like us.

As to the view that exercising the options will bring in loads of cash, well it will and probably when we won’t need it, but will get diluted all the same. The exercising will almost certainly be accompanied by on market sales so that nobody outlays any cash and effectively ends up with free shares - after tax.

So if Shaun says he is aligned with shareholders, he isn’t and should be challenged on Thursday. I am afraid I won’t be there as on vacation a long way away.

Pretty sure that AB wont be around after the AGM.

I have decided to filter those who engage with people who I filter - starting with Toffers.

Like is going to be a lot quieter….

When the story appears in two competing newspapers its generally true.

So I am back with my view that it will all be linked together. Asx listing, a placing (plus consolidation) with maybe Wyloo and/or the Super taking a big chunk, a lot of debt (with a suitable hedging programme) and a massively accretive deal for current shareholders.

It will be transformational for GGP, the share price, and as Tig likes to call us, the owners! Happy days.

You keep breaking your promises peppers……

Yawn…….

I am pretty sure that back in March Shaun said that the team working on the FS was getting tied up working on the takeover. My expectations was that the same team would be doing the MRE. So not much surprise to me that NC didnt provide an update.

The question for Shaun to answer is, if he knew that in March, why didnt he put in train his own MRE to be released soon after August. I dont know how long an MRE takes, so maybe he did. I might ask him one day.

Jiffy. I, through Dan Horton at Newmont, was clarifying something that Tom Palmer said about ‘five assets being folded into our operation’.

There was some confusion about what the five were. Dan confirmed what they were. That’s all.

Might be fun to watch the Aussie Super trying to buy 3-500 million shares……..

Over on Ggpchat our long lost friend Hydrogen has dug up some interesting stuff about an institutional buyer while those that follow our resident technical expert, Bamps, will know that he is getting pretty excited about all those drill holes peppering the Paterson.

Time to sit back and relax. August will be an eventful month.