Member Info for JiffyBag

Hi Zoros,
‘What year do you expect the SP to be say: 70p? With a premium of perhaps 40% on top for an offer? Just curious.’
OK, I’ll bite, :O)

For me NCM will only make an offer once:

1. A decision to mine has been passed by the BOD at NCM(.In reality that’s just a formality IMHO, given what we already know and currently understand of the Gold resources at Havieron etc)
2. From GGP’s perspective, GGP can only move forward as far as a bank loan is concerned for supporting Capex after having a positive Bankable Feasibility study is issued, plus the 5% conundrum now completed etc. Those are my thoughts, can’t see it happening before that exercise is concluded.
3. So, at what point would NCM make a move? IMHO if they were to make a move it would only be after NCM shareholders had agreed in principle as such to a takeover or buyout of the Havieron asset.

We already know and understand at the somewhat quite current displeasure of NCM shareholders, in NCM’s strategy so far over recent acquisitions and costs associated, versus what all shareholders really want in the end, ie is a magic dividend, for that is why they are invested for in the first place.

4. IMO, NCM will have to very carefully time such a buyout strategy of Havieron. Why?, because if GGP do indeed discover another Havieron or even a quarter of one, within say the next 2 years, they NCM will then be facing a far financially stronger company and will be simply rebuked.
5. In conclusion it is very difficult indeed to answer your question, but I strongly believe that we GGP, have a great chance of finding another Elephant and that will then be the making of GGP, and that in itself, will then present new dynamic for NCM to have to consider.
6. Quick finger in the air guess, 70p by end of 2024 :O)

Sandeep, you want my shares, do you Punk??

OK, Its 100 pence a share Sandeep, have you got that???, get your chequebook out mate :O)

RedRose,

Good luck in getting a coherent response from Tymers, they just don't exist,...ever!!!

Re: My calculation is 21p a share based on what the market values 5% ,

We already know that because of the prescriptive 5% JV agreement, the arrived at 5% valuation has no bearing whatsoever on a true FMV.

ie, Shaun Day, Greatland’s managing director, said the decision reflected a value uplift of five times compared to the stage 1 pre-feasibility study published in October 2021, but did not in Greatland's view “represent a true market value for Havieron”.

Day said the determination of the option price of US$60m was set in December 2021 and based on the “highly prescriptive process and principles agreed in the March 2019 Havieron Farm-In Agreement and November 2020 Havieron JVA”.

'According to Day, that meant the adjudicator had a binary choice between the option prices proposed by each of the two parties and therefore was not permitted independently to determine a different option price. '

https://www.proactiveinvestors.co.uk/companies/news/988034/greatland-gold-says-5-option-over-havieron-project-valued-at-us-60mln-by-arbitrator-988034.html

Mmmmm, looks to me like JPM et al are throwing in their hand (ie, a plethora of new monikas on here?) and want a low ball takeout price to try and sway you.

You ain't getting it from me :O)

You want,you pay a true FMV that reflects the potential returns over the next 20 years etc.

Yes it's an odd share this, can do plus 20% on no news at all, and then slowly drop back as people sell.

What might this all infer???????

It may well be that liquidity in the short term is an issue, because the shares are being so tightly held , the directors hold many and there have been no TR1's to say that they have been selling etc.

So, IMHO it is most likely to be the MM's (maybe Peel, as they own rougly 10%) in trying to drum up a bit of business??? All IMHO of course.

Other than that, we all await further progress and resolution on the Lithuanian front :O)

GLA

Correction: it's about to attack on so many fronts now IMHO:O)

Bellers,

Sadly, SB will be writing the cheque out as we speak.

Got to look forwards and upwards now.

JPM have a Tiger in their nest right now, about it's to attack on so many fronts IMHO:O)

correction: so that they can cheaply, accumulate physical gold

Hi Speedy,

So what your are saying in effect (that is my interpretation) is that JPM et al are shorting the pants off Gold so that they can accumulate physical gold in expectation that at some point the POG will rise? When it does do you think they will sell and at what price?

Another aspect of the POG etc, when and if, will Basle III come into effect as so far there has been no impact IMHO.

Mumbo Baby,

Drop it as much as you want. I'm taking but are you really offering or bluffing ?????

FirstModern,

Can you please post a link re current Decline progress, cannot seem to find anything in latest NCM release, thanks in advance.

MM, If SD is on the BOD's of NCM in 12 months time then I will happily apologise to you , but I do genuinely believe SD is the right man to take GGP forward and eventually to earnus all postive cashflow/mining.

GH actually admitted to this in an interview, ie taking GGP to the next BIG step was not in his DNA.

Following the repayment of the Convertible Bond, the Company intends to reduce the frequency of its production and financial updates to quarterly rather than monthly, being more in line with standard industry practice.

More Mushroom Farm announcements, IMHO, likes to keep shareholders guessing??????????

''Antony Maris, CEO of Hurricane, commented:

"With another steady month of production, we now look beyond repayment of the bonds with a strong cash position and balance sheet. We believe that there are good investment opportunities ahead and the Company is well placed to deliver significant shareholder value."

Re: '' We believe that there are good investment opportunities ahead''

What are they??????????

All depends on whether you believe in You Gov polls, latest indication is that Liz Truss / Mordaunt will win as chosen by Grassroots?

https://yougov.co.uk/topics/politics/articles-reports/2022/07/19/mordaunt-truss-and-badenoch-now-all-tied

Of course Badenoch is now out of the race.

Personally, I was rather selfishly hoping that Rishi the Fishi might win, re his support for Stablecoins :O)

We shall have to wait and see.

Polls have a habit of being spectacularly wrong!

Probability of finding another Elephant in the same area is ??????????????????

And that's about it for now, only the most recent/awaited driling/assay results will give us a clue and that's what we shall see shortly on the 21st July , IMHO.

No requirement to name which 'Double' it is you are after, in fact all doubles have the same probability of occurence, be it a 1,2,3,4,5, or 6 !

John,

Re:The chances of 2 sixes from 2 dice is 1/36, of throwing a double of any kind is 1/6.
Trust me, I've got an MSc in Statistics!

Surely the chance/probability of a double of any kind is the same as a pair of sixes , ie 1/36 isn't it? :O)

Hi Spade,

Will have to form a 'Northern Lad's ' GGP supporters club, Pidgeons excluded of course :O)

Hi Zoros,

Re: "What will GGP have to offer @ Hav, once it is up and running?

With respect, what has that got to do with anything? ie it's just the same as you being a Landlord renting out your 25% ownership stake in an asset/property.

I agree with Shauns conclusion, ie if you want my share then you will have to pay a price that reflects it's potential NPV worth less costs over the expected life of the mine, ie future revenues/profit. That's how I would view it in all honesty. More to the point no one at this point in time has a clue as to what our 25% is worth.

We know it is very most likely to be worth a few bob given the ongoing 'Open at Depth' etc and that is where the current equation ends.

If you offer me a pound now I will capitulate , :O)