Member Info for JiffyBag

Hippo,

With respect, IMHO by the time any MRE is released bit by NCM or JPM it won't matter a Jot as both parties to the JV will already know what Havieron is worth and so will negotiate accordingly.

The dilema for us as GGP shareholders is the timing of such a release versus the timing of an ASX cross listing.

I truly hope that any update is released well before the ASX listing and not afterwards.

Shaun I am sure has already stated that we would join the ASX etc from a position of strength?

Here are my thoughts:

1. NEM/NCM are to all intents and purposes one and the same given their combined / co joined history, just research it so no surprises there.

2. So, if NEM really are intending to say delay a DTM or FS to weaken GGP, (who knows I don't, just surmising) don't forget that there is a Sunset clause in the JV agreement that should NCM decide not to mine for whatever reason, then we as GGP, can subject to agreement on the purchase price of the 70% NCM share of Havieron, take over the DTM and move forward.

3. Next thought, would Telfer be up for sale? I would have thought so given it's age and potentially very large costs associated with decommisioning etc. If it isn't then what? Build our own plant?

4.So, how do we afford such a move? My best guess would be a combination perhaps of a Wyloo/Rio involvement and Asx placing?

5. The thing is that NEM /NCM cannot freeze us out forever if that is their current game plan.

We own 30% so it's up to them on how they wish to proceed, they know we are sat on a 'World Class Asset'

Best see what SD has to say as I'm sure he will have a lot to say after tonights NCM release IMHO.

Stu,

Well they'll (NCM shareholders) soon find out when we issue our own independantly verified MRE !

Well said Midas, 100% agree with you!

Stu,

Re: 'The last thing NCM BOD need now is for their SHs to ask why Havieron has suddenly gone up in true value i.e. they have been pork pied all along. (That's why Biswas was told to suddenly volte face and stop blowing the Hav trumpet - he was told to as it would muddy waters over the new deal that NEM began proposing last year. BTW, he had to go in the end as his 'culture' faux pas would also have got in the way.)'

Sorry, but not really following your logic.

Why in your mind would NCM share holders revolt as it were?

Secondly, NCM also have other prospective projects on their books right now etc.

Exactly correct Antigua18, why on earth have they NCM chosen to mix Havieron data in with Telfer data?

Surely, the resource level MUST have increased substanially ?

Best leave it to Shaun now to provide us all with a real update.

Thanks AERRY, nice one as they say!

AHS,

It surely is, here's the link:

https://www10.fintrac-canafe.gc.ca/msb-esm/public/detailed-information/msb-details/7b226d73624f72674e756d626572223a3137303832322c227072696d617279536561726368223a7b226f72674e616d65223a2250415950542046696e616e6365204c7464222c2273656172636854797065223a317d7d/

He hasn't got a clue Billy, and I mean that seriously in trying to compare Apples to Bannanas, and no concept whatsoever of closed periods etc,etc.

If a target of 97Million share buybacks is to be achieved, that's an average of roughly 8m / month until June next year.

So, to date only 200K have been purchased by Stifel so what is going on?

Can't see that target being met can you?

Https://www.trustpilot.com/review/ortex.com

Didn't realise it was registered in the UK, some interesting 1 star reviews.

Billy,

I had my own Ltd Co now closed down, and always sent my books in as it were to my accountant in Excel format, so know what you are saying.

Much easier now than sending in piles of paper/Lever Arch files in so many, many moons ago 😂, much faster/cheaper now using a spreadsheet etc.

Thing is, MTD does not reflect changes to your tax position when it comes to Tax codes. HMRC automatically assume that your income will be the same the next tax year and you end up having to claim back if lower at the end of the tax year. Basically your paying tax upfront calculated on last years return etc..

So, in final conclusion after todays debate re Newcrest Leftovers don't appeal to Australia's Top Gold Miners etc, I would say that over time, how long is anyone's guess, gold will become even more not less valuable, so why would NEM drop that ball if there was good profit to be made over the next 40-50 years?.

NEM would even mine salt if it became so valuable over time and the same analogy applies here.

Take today's Bloombum article with a giant pinch of salt. Have you not joined a few dots in your own thinking?

NEM is USA, Bloomberg is USA, :O)

MTD..Making Tax Digital?

Tax professionals label MTD ‘fundamentally flawed’

https://www.accountingweb.co.uk/tech/tech-pulse/tax-professionals-label-mtd-fundamentally-flawed

Similar conclusion, in below vid by Rob Keinz, China owns about 30,000 tons of Gold suggests Rob.

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

So what does this all this mean?

1.China preparing itself to reduce its dependence on the US dollar, as its relations with the US deteriorate further, following a number of restrictions on Chinese semiconductor companies.

2.BRICS & their Gold Standard etc now already in motion?

3. One can only speculate that over time if China keeps on adding/ holding at the same as buying in the open market and upping their reserves ....the price of gold is only going to increase. IMOH

China almost certainly owns more gold than the US. But how much? Here's why it matters. Dominic Frisby explains.

https://www.youtube.com/watch?v=vHk5SD_E_wI

Billy,

As you know the UK are very slow movers especially when the banks have now found a new competitor to them in stablecoin etc, as it undermines their fee charging monopoly etc.

However having said that, the most recent passing of the Financial Services & Markets bill has just thrown all that, up in the air for fear of the UK missing out on whats now going on around the globe in a Trillion dollar market industry.

The banks will without a doubt, want a slice of the action in one way or another, but I can't imagine Rishi who is a big fan of Fintech allowing the Banks to rule over private legally regulated companies taking their share can you?.

Look forwards not backwards.... like L88 seems to be concentratng on for some rather strange reason.

Think of it like this.

The more licences we achieve,(Which over time we will,IMHO) the more profit we achieve, and the more profit we achieve the higher the SP.

Plenty to look forward to with this share, most particularly with the UK's Central Bank outlook etc.

That news alone is worth a penny 😁