Member Info for JiffyBag

Happy Birthday, WasRed, and as my Mum used to say, "Many Happy Returns"

5x5
I give up , its all there in B&W for you to read.

Maybe he had accrued time to take who knows? a couple of months FFS!

Correction, Page 34
Anyway, not sure why you are zooming in on this ?

SD left NS on the 15 January 2019.!!!! as per the AR.

5x5,

Page 35 of AR, 2019

Shaun Day resigned as Chief Financial Officer on 16 October 2018. Remuneration disclosed in this table is pro rata for the period up to his cessation as Chief Financial Officer. Other Benefits includes a $54,811 termination payment. The Board excercised discretion to forfeit 165,000 performance shares held by Mr Day so that Mr Day only received performance
shares reflective of his pro rata service period up to the date that his employment with the Company ceased, on 15 January 2019.'

Naylor,

Yes true in principal, but depends I reckon on we are, ie along the other side of the Lassonde curve?, progress on building the mine etc, finance, and more importantly pending cashflow from SLOS plus a growing II's ownership?

Timing will be key IMHO.

5x5,

True, but personally not an issue for me. :O)

'Shaun Day will take up the position of CEO and join the Board on 8 February 2021'

'He spent five years (2014-2019) as CFO of Northern Star Resources Limited, an ASX100 company and a global-scale Australian gold producer, where he oversaw the company’s market capitalisation expansion from AU$700m to AU$8bn.'

https://newsnreleases.com/2020/12/15/shaun-day-appointed-as-ceo-of-greatland-gold/

Important to note, any share consolidation will require your approval!, and should in theory have zero effect on the value of your holdings.

Fewer shares in circulation may also deter shorters as less around to borrow??? :O)

‘Every quoted company, even one on the more lightly-regulated Aim market, needs the approval of its shareholders before altering the nominal value of its shares. In Screen's case, management proposed this in January, together with its intention to raise GBP5m through a placing and open offer. It wanted to consolidate its shares on the basis of one new ordinary share for every 10 existing ordinary shares held. An extraordinary general meeting was held for shareholders in February, which approved the resolution.

It is important to remember that a share consolidation will reduce the number of shares outstanding, without a reduction in the worth of the company. Therefore the value of your total holding will remain the same, even though the number of shares you hold has been reduced. The value of each share will rise to compensate for the fall in the number of shares on the market. In theory, increasing the nominal value of a share could help to increase a company's market value, as it sheds its "penny share" image and could enhance the market's perception of the company.’
https://www.investorschronicle.co.uk/2012/03/08/question-time-consolidation-query-ECuV34lHEh2JrFrAbzBc9H/article.html

Sandgrounded,

You can watch it again if you want to :O)

https://www.youtube.com/watch?v=xr63VGnXMfE

Peter Davis, from Five Diggers commented: "We have been thoroughly impressed with the rapid progress and growth of Havieron since acquisition by Greatland and we are pleased to become a shareholder in Greatland. Our intent is to be a long-term shareholder in Greatland and participate in its value creation as the full potential of Havieron and its exploration holdings are revealed."

Pleased that this outstanding issue has now been dealt with to a greater extent, and the fact that Five Diggers have openly stated their intent to be a LTH :O)

If there is a 'Takeover Client' in the background, I would be very surprised indeed, if it was NCM in all honesty, given their own shareholders displeasure as of late with too much money being spent on acquisitions and very little in the way of dividend payments etc.

Plus, I also think it would not go down very well in the Aus gold mining industry sector if NCM were doing this to a JV partner.

If anything is to be read into this it is simply either greed IMHO on the part of JPM trying to make a Buck or two on basic shorting practices and trying in earnest to scare the 5hit out of PI's, OR someone like Barrick Gold or AN Other is sniffing around? All pure conjecture on my part :O)

In very simplistic terms we as a group of private investors are being attacked in order to persuade us to sell, that's it in nutshell.

Why are we being attacked? primarily because we own the largest tranche of shares IMHO, and also because Havieron is literally a Golden opportunity to accrete value over the next 2-3 years.

So in my own conclusion just hold onto your shares and tell yourself they can simply 'Feck Off' you ain't having mine unless you are prepared to pay , and that IMHO is much higher than 17p.

If you read the latest Sprott release it is full of Caveats, read page 8, Valuation modifiers.

Would have been better had Sprott issued their analysis after the FS and DTM IMHO, that would then have presented a very different viewpoint. Further, it was not too long ago that Sprotts sold down remember that, and now we get this????

Thanks Archways, I learn something new everyday :O)

London Stock Exchange download for today:
2022-07-12_09:47:59 GBX 10.125 260,000 26325 Off-Book
2022-07-12_12:14:48 GBX 10.02 250,000 25050 Off-Book
2022-07-12_15:03:26 GBX 10.05 200,000 20100 Off-Book






LSE for Today:

12-Jul-22 10:47:59 10.1251 260,000 Sell* 10.2 10.3 26.33k
12-Jul-22 13:14:48 10.02 250,000 Sell* 10 10.2 25.05k
12-Jul-22 16:03:26 10.05 200,000 Buy* 9.9 10.1 20.10k

Why the hour difference for time of print?

Hi SK,

For me the 5% is not an issue per se, when looking at the overall long term picture, in that this is an inherited legacy issue for SD as created by GH, and to be fair SD has and continues to do all he can to minimise any potenial impact, ie by upping the MRE up to a certain point in time.

'This Resource update is at a 'point in time', with a 2 December 2021 cut-off for drilling information used to inform the Mineral Resource Estimate.'

https://www.investegate.co.uk/greatland-gold-plc--ggp-/rns/havieron-resource-and-reserve-update/202203030750265140D/

So if it's less than others might wish for, the shorters as you believe will sell even more shares?

Whatever the outcome be it greater or lesser than peoples expectations , then those folk whom take a longer term view will just be pleased that it's been dealt with and then all can ove forwards. In my particular case if the SP does fall because of it, this will present a buying opportunity to reach my holdings target.

Thinking longer term, the main risk for now is financing, but is it really such a great risk given the continual drilling results and a potential 20moz bounty sometime in the future?.

IMHO, I also think SD will be able to secure Capex financing via a Bank loan one way or another, be it via an Australian bank or elsewhere. ASFAIC, Shaun wants to go mining 100%,no doubt about that in my mind, and because of that we will in roughly 18/24 months time (assuming we hit the top of the ore body )then be generating cashflow to be used to service our current and long term liabilities.

I accept there are risks there will always be a risks with any venture, but overall and on balance we have the right jurisdiction, the right partner to further develop Havieron as they are in great need of the ore, the right management team at GGP, a growing asset/resource in Havieron, so that's why I am personally willing to invest in GGP.

Good luck whatever it is you decide to do in the end, let us know.:O)

Steamy,

If petrol ever got to £10/litre then I can only see Anarchy evolving, Riots at the Fuel Pumps, etc, etc.

Bottom line, the Chancellor of the Exchequer has to bin fuel duty, tax, and VAT and quickly otherwise the economy will soon tank .

I think at least 65% or thereabouts for the cost of litre of fuel is already/currently filling Treasury coffers?? (Need to check that statistic)

For far too long now, fuel taxes have been deemed as a cash cow for the government, so now is the time to reverse that trend, IMHO.

SK,

Re:' A side point about the shorting issue and when they have to buy back they will struggle to do so meaning the sp will shoot up, what if the 5% is on lower end estimate does that not mean people will sell and the shorters will then buy up those shares? '

'does that not mean people will sell '

Errr, No not in my case, far too many positive soundings/findings as of late irrespective of a suggested fall in SP, what we have here is a growing resource, could well be 20m ounces, so have you even started to think what that will mean for GGP sharefolders after securing finance ?

Good Lord, Miss Dosh, I thought AdukUK had died by natural causes , ie a heart attack, cancer, or whatever.

So sad to learn that he may have ended his own life.

AdukUK was first and foremost a gentleman and offered all HUR investors the benefit of his knowledge and life working experiences of working in the O&G industry across the globe. I too miss his very incitefuland learned posts , this board has not replaced that function since he stopped posting IMHO.

Or are you a Daytrader?

SK,

Re: A side point about the shorting issue and when they have to buy back they will struggle to do so meaning the sp will shoot up, what if the 5% is on lower end estimate does that not mean people will sell and the shorters will then buy up those shares?

Depends who you are really, what your overall outlook is on GGP as a medium/long term investment.

What's your medium/long term outlook?

I pop in now and again just to see how old HUR is getting along:O)

I wondered if 'asimpleinvestor' is non other than...https://www.lse.co.uk/profiles/bartlebobton/

He used to consistently stalk AdukUK god bless him, same DNA as Bartlenob twat reading through his posts.

Good luck to you HUR holders and lets hope the BOD's publish a cunning plan after they have paid off the bondholders.