Member Info for Jerryspaniel

Apparently releasing an updated MRE wont affect the sp at all (as it wont make the 70% of Hav more expensive to buy should GGP choose to), and its well known that it will be about 10-11m au eq. So its just to satisfy a few small shareholders who want to take the risk of upsetting NC/NM.

I fail to see the logic.

GGP will continue to do what is in the best interests of the company and not pander to the demands of a few, very small shareholders. Which is what all investors should expect.

Good morning MH01, maybe not expected but certainly not a surprise to me. I think Shaun has been talking to Rios since at least last Summer, and its pretty clear that Winu, and the region is de minimis for Rio.

Certainly answers the keyboard warriors as to why Shaun and the BOD havent been buying shares. They cant and probably wont, unless there is a placing, as there is often non public, price sensitive information, within the company.

If/when they buy, you will know there is nothing going on...

Well said James. Couldn't have put it better.

Well the 'news' has certainly given those who have never been supporters of the company and/or the MD some ammunition and they have enjoyed using it.

But in reality nothing has happened that hasnt been known. SD has said that there will be a ASX listing and that it probably wouldnt involve a placing, but not that it definitely wont. Its a real shame that SD has spoken to an Aussie insto who clearly cant be trusted and that that insto has leaked some debatable 'info' to get the sp lower, presumably to give him a better buy in price. Hopefully Shaun can identify the person and cut them out.

Timing is a bit weird as the price for any raising would be at least 6 weeks away and a lot can happen in 6 weeks.

I would strongly prefer no fund raising as it just isnt necessary. Unless of course:

1. We are about to do a transaction that is accretive or

2. NC/NM have indicated that there will be more expenditure needed before first ore and cash flow or

3. Aussie instos need some certainty of an initial position and will get that through a placing or

4. SD just needs an extra layer of comfort in the working capital.

3 and 4, i dont really like but I could stomach 1 or 2. Sadly I think 3 the most likely.

Shaun may have learnt a valuable lesson today in that the famed Aussie instos are no more reliable and trustworthy than any other investor, and that it doesnt take much to change the narrative to negative.

So he has some work to do, but he is an excellent communicator so I think he will be up for the challenge.

As for the person who longs for GH...really? I could tell you some things that would be way in excess of eye watering.....

Sorry Matty but you couldn’t have proved my point any better.

I am amazed at the lack of understanding of some posters, yet they feel confident enough to invest in an Aim mining stock!

Listen to Sureasblazes as they and one or two others have a proper understanding.

Morning SAS. I dont follow the minutiae of Jupiters dealings, but they had about 6-8m in a general fund last year. I think that fund exited and Ned bought about 6m at the turn of the year. Latest holding I have seen is about 75m and I think thats all his fund. Whether Jupiters most recent trading is a purchase or sale I dont know. But it is an institution with a reasonable holding contrary to what Dave thinks.

My personal view is that Ned will grow the position ahead of the Aussie invasion, but I could be wrong.

I am a long term holder of his fund.

So Dave Rickards, how would you describe Jupiter Gold and Silver then?

More absolute garbage from you, once again.

I am presuming that Shaun is on some kind of domestic roadshow ahead of the ASX listing, and thats why he has to RNS the new slideshow ahead of potential investors seeing it.

Good that Ned is ahead of this - and the reverse July sales, with his buying. I am hoping that he hasnt finished and will get up to about 3% of his AUM.

The calvary of instos are lining up on the hill....

IMO!

HUM are in Mali. Nuff said.
Not sure why all this chat about other companies?

Johnpwh, there isnt a blanket exception for AIM shares as far as IHT is concerned. It affects very few companies and GGP isnt one of them. So it wont affect your IHT position - you will still have to pay it!

As far as change of control is concerned, my understanding is that there is a clause in the JV but it doesnt give GGP a right of first or last refusal over the % ownership of Havieron.

I suppose some people will always see the negative in every discussion, RNS or thought process. No acquisition has been announced and no dilution (or fund raising) is necessary before first ore.
Any acquisitions will be accretive as Shaun has explained before. I will judge his performance on the long term sp performance, not the size of the company.
Those who are long term substantial shareholders will no doubt be looking at the news in the mining sector and the performance of other companies. Whoever you listen to, whether its Eric Sprott, Steve Todoruk, The KE reports guests, Craig Hemke etc etc will know that the junior gold mining sector is still on its knees. When it turns (and it always does) it will move quickly and violently.
So we need patience and an understanding of what Shaun is trying to achieve. He mapped out his vision pretty clearly after the large placing and securing the bank debt last September. Everything he has done and said since all fits with this plan, as Paddy alluded to earlier today. This includes the ASX compliance listing and the TopCo. That some dont understand what this means is OK if you then go and research it and learn.
In five years time I am sure that we wont be on AIM, but will have moved to the main market, maybe soon after free cash flow?
Its probable that the majority of the volume will be on the ASX by then as it appears that London has given up its role as the home of mining finance. We certainly wont be 80/20 PI/Insto, hopefully the reverse.
In ten years there may not be a UK listing, in fact there may not be a GGP at all. But just about equally there may be a proper dual listed company worth £20bn+.
So far Shaun has laid out his plan and he has followed it up by actions that support his plan. As long as I like the plan and he does what he says, then he will have my support. We have a fascinating five months ahead with many catalysts for a major sp re-rate.

Freddie, depending on what you mean by ‘outcome’, I think I do.

Chuffchuff, there will be no forced sale, but just a name changes to (say) greatland resources.
A lot of you are worrying about things that aren’t happening. Schemes of arrangement are quite common and dropping a holding company over top isn’t unheard of either.
I do wonder why some are shareholders given you clearly don’t trust Shaun and Mark Barnaba.
This really is no big deal, just a simplification of administration, which will be followed by Aussie insto buying in significant quantity. Imo!

Kevin, we won’t be at the back end of the newsflow for many a year. There will be zero volume in Australia until a broker decides to buy many millions of shares in the UK, and sell them into the Australian quote, to a party who then trades them in Australia.
So there may be news released before the Australian market opens, but it won’t have any effect as there will be no volume. The RNS should then come in London before the mkt opens, but will be well understood and expected as will have been read via ASX.
As someone else mentioned it could be released here first, and given the liquidity, it would make sense to be here first. But either way, it will be released when the effective and liquid mkt is closed, as it should be.

Ben, this ‘deal’ as you call it, isn’t really a deal at all. Assets won’t change hands outside of the group. As a shareholder you will still be exposed to the assets that you own now.
And Freddie, I have absolutely no idea why you are a shareholder, such is your contempt for the company and its management.

IMO if anyone voted against the scheme and therefore the ASX listing, they should have their sanity questioned.

MH, I am pretty sure I heard that their expectations are for ‘multiples’ of the option price, not a few pence. From that I took it to be 30p+

That’s the price Bertie. I am sure if they had all been happy with half the amount, Shaun would have signed them up for that.
Excellent points Bamps.