Member Info for JiffyBag

YNA91

Re:' and at what value would they offer for just Havieron or all of GGP? Would have to be eye watering according to SD. would only make sense for us to sell Hav if we have a decent strike somewhere else so we had something to spend the money on.'

I agree.

What indeed would an eye watering amount be and what might that mean?

In the current market ,sentiment is very spa-r-s-e/poor in the PM's sector at this time given the current overall global macro position. I just don't want a small dividend for the sale of Havieron and then have to wait until we find another discovery and then go through all that we have already gone through again?

Re: 'Would only make sense for us to sell Hav if we have a decent strike somewhere else so we had something to spend the money on.' I agree but then we are back to being an explorer again but with no short term opportunity to capitalise on a almost certain large Hav 'cashflow' and the associated profits to pay off our bank loans etc.

Also, would the high hitter expensive senior management team that we have hang around if we cashed in our Havieron chips?... thats my fear.

If we were to agree to sell the whole of GGP under the current macro market conditions and probably into most of 2024, what price would shareholders agree upon on as being a fair FMV?

These are the sorts of questions IMO at the back of many shareholder minds right now.

For me, i just want Newmont to take over the reigns from Newcrest and carry on with Havieron as before, if they don't want that, then let them pay a fair FMV price.

In the case of a GGP takeover bid, let them pay even more... given the highly potential prospective licences that GGP already own.

The only way we can realistically increase a complete takeover price in the near term is by finding a really good discovery ASAP ...on the South Pilbara, or better still on the EG’s licence since no one is going to pay now for a 'As yet to be Discovered find ' given that we currently only have Havieron.

All to do with timing and overall market sentiment, but the clock is ticking.

Just my current view right now.

For some strange reason, Capital Letters did not print out on here, bear that in mind, sorry.

ynwa91.

re:' and at what value would they offer for just hav or all of ggp? would have to be eye watering according to sd. would only make sense for us to sell hav if we have a decent strike somewhere else so we had something to spend the money on.'

i agree.

what indeed would an eye watering amount be and what might that mean?

in the current market ,sentiment is very sp****/poor in the pm's sector at this time given the current overall global macro position. i just don't want a small dividend for the sale of havieron and then have to wait until we find another discovery and then go through all that we have already gone through?

re: 'would only make sense for us to sell hav if we have a decent strike somewhere else so we had something to spend the money on.' i agree but then we are back to being an explorer again but with no short term opportunity to capitalise on a almost certain large hav 'cashflow' and the associated profits to pay off our bank loans etc.

also, would the high hitter expensive senior management team that we have now hang around if we cashed in our havieron chips?, thats my fear.

if we were to agree to sell the whole of ggp under the current macro market conditions and probably into most of 2024, what price would shareholders agree upon on as being a fair fmv?

these are the sort of questions imo at the back of many shareholder minds right now.

for me, i just want newmont to take over the reigns from newcrest and carry on with havieron as before, if they don' want that, then let them pay a fair fmv price.

in the case of a ggp takeover bid, let them pay even more given the highly potential prospective licences that ggp already own.

the only way we can realistically increase a complete takeover price in the near term is by finding a really good discovery asap on the south pilbara or better still on eg's since no one is going to pay now for a 'as yet to be discoverey ' given we only currently have havieron.

all to do with timing and overall market sentiment, the clock is ticking.

Never heard of Don Durrett before but found this YT published on the 03rd Oct, worth a watch if you have time.

'Don Durrett and John Feneck believe that gold and silver mining equities present a compelling valuation, if you're willing to do the homework to find companies with real potential. Don and John provide their macro perspective on the precious metals space, in addition to discussing stocks they're currently buying.'

https://www.youtube.com/watch?v=nkhJIekQ8xU

Thank you Meconopsis , did not realise that.

@88v8,

Re: 'So if you can move all your holding into the ISA, that avoids the hassle of having to convert, and it won't cost you much to move it as the spread is so small. '

Interesting, I'm with ii and am annoyed like you that I have to convert from $ to £ in my SIPP account as reduces the actual amount received etc.

Have you ever enquired if you can transfer stock from your SIPP to ISA, but then again you suffer a 15% tax charge etc.

Not sure if ii would allow it and if be beneficial overall ?

Sorry, Correct link re AGM & Resolutions to be voted upon. download the pdf

https://www.gstechnologies.co.uk/post/notice-of-annual-general-meeting

One final point note vii is incorrect, page 6 :

file:///C:/Users/Kings/Downloads/AGM-2023-Notice-of-Annual-General-Meeting-4.pdf

'As at the close of business on 14 September 2023, the Company’s issued share capital comprised

1,548,558,192 shares of no-par value. Each Ordinary Share carries the right to one vote at a

general meeting of the Company, and therefore the total number of voting rights in the Company

as at the time and date given above is 1,548,558,192'

Wrong!, the orrect figure is:1,838,222,277 shares.

RNS of the 17th May 2023

'On Admission, the Company's issued share capital will consist of 1,838,222,277 Ordinary Shares, each with one voting right. There are 60,000,000 Ordinary Shares held in treasury. Therefore, the Company's total number of Ordinary Shares and voting rights will be 1,778,222,277 and this figure may be used by shareholders following Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.'

https://www.investegate.co.uk/announcement/rns/gstechnologies-npv-di---gst/placing-to-raise-750-000/7531322

How many of you can actually be 5rsed to vote? 🤣

May well get an update RNS before the AGM, let's hope so!

Porsch,

Re: What's everyone expecting to hear from AGM?

Simply, no more than the voting results on said resolutions, as simple as that.

Resolutions are:

ORDINARY BUSINESS

Resolution 1: To receive and adopt the annual report and non-statutory financial statements

for the financial period ended 31 March 2023.

Resolution 2: To re-appoint Malcolm Groat as an independent Director of the Company.

Resolution 3: To re-appoint Shipleys LLP as auditor of the Company to hold office until the

conclusion of the next annual general meeting and the Directors be authorized

to determine the remuneration of the auditor.

Resolution 4: THAT, in substitution for all existing authorities previously granted, approval is

given for the Company to issue up to 800,000,000 new Shares in accordance

with Article 8 of the Company’s M&A, at the Company’s discretion at such

times and on such terms as the Directors deem fit.

Resolution 5: To disapply the pre-emption rights set out in Article 9 of the Company’s M&A

and otherwise, at the Company’s discretion, at such times and on such terms

as the Directors deem fit.

That's it folks!

Barna,

Personally I cannot imagine for one second the project being put on hold for a myriad of reasons.

There is a very real shortage of skilled mining labour and to get those guys back again would create even issues in the short/medium term. Cancelling of major contracts,ie Byrnecut /Decline etc . The cost of doing so ie putting on hold, would far outweigh the costs of continuing the project to the top of the orebody IMHO..

Agree, the stockhead article also stated this;

Along with Cadia, Newmont will also get the Telfer mine and associated Havieron development in WA (which could well be a candidate for a sale to a mid-tier goldie if it goes the ‘portfolio rationalisation’ route).

However it's all pure speculation for now though , but I agree avery good chance of divesting Telfer/Hav IMHO given the desire for savings and rationalisation etc. None of this will happen to at least next year IMO, the sunset clause re DTM and often referred to on here is about Apr 24 I think?

The Stockhead article was published on the 15/05/23

Https://stockhead.com.au/resources/ground-breakers-the-biggest-takeover-in-aussie-mining-history-is-confirmed-as-newmont-signs-up-newcrest/

Toffers thanks, will read your link in a minute.

Looking back at some of your other links , I found this from Stockhead.

'On top of Cadia, Newcrest’s copper tonnes will come from Telfer/Havieron as well as the Brucejack and Red Chris operations in Canada. It also owns the massive Lihir gold project in PNG.

“The combination of Newmont and Newcrest represents an exceptional value proposition for shareholders and other stakeholders. It creates an industry-leading portfolio with a multi-decade gold and copper production profile in the world’s most favorable mining jurisdictions,” Newmont’s Australian CEO Tom Palmer said.

Toffers,

Re: 'Palmer of Newmont has also indicated similarly earlier in the year, that it would be his intention to divest these assets.'

Do you have a link for that , was it in an article?

Thanks

@tatt

https://www.sharesoc.org/sharesoc-news/sirius-minerals-update-16/

WIP for some time now, join as a member of Sharesoc and submit details, worth a try you never know.

Hi Trek,

Thanks for your thoughts on the BB and other matters.

I agree it does rather seem at this point in time given that we still have 9 months to go since the June 23 BB RNS, that other strategic? considerations may well be on the table.

On transparency, I note that within the May AGM results RNS, resolution 14 was an interesting result, Directors remuneration. 62% for and 38% against, with DEC adding the following statement.

‘The Board is committed to maintaining an open and transparent dialogue with the Company's shareholders and in accordance with provision 4 of the UK Corporate Governance Code, it will continue this engagement to enhance its understanding of the views of shareholders who voted against these resolutions. The Company will publish an update on this engagement, in accordance with the UK Corporate Governance Code, within six months of the 2023 AGM and a final summary in the Company's Annual Report for the 2023 Financial Year.’

https://polaris.brighterir.com/public/diversified_gas_and_oil/news/rns/story/x8e149x

My average is 90p and I did think about selling when they hit 94p, wish I had now, no hassle paying tax etc , unless held within a SIPP. My ISA divi has landed but not the SIPP divi. with ii..

(but i'll be dead jealous of those who did!) OBD, 30/09/23, 23:21

https://www.lse.co.uk/profiles/katstrangler/

Say's it all really, now we all understand why the multitude of pointless posts?

Discontent

Some disconent from NCM shareholders?

https://hotcopper.com.au/threads/will-newmont-pay-franked-dividends-to-australian-cdi-holders.7587915/page-13?post_id=70066597

https://hotcopper.com.au/threads/ann-2023-annual-reporting-documents.7589348/page-8?post_id=70098838