Member Info for johnpwh

Well they really resisted Zantac claims based on scientific evidence didn't they. Not. I assume we will now see similar settlements in other countries. Capitulation like this feeds the vermin of ambulance chasing lawyers to line up for the next spurious claim. Pathetic.

Not much mention of marble these days, assume that was quietly shunted into a siding!

What I'm seeing near instant 40% profit handed to SDs mates.

Its hard to see when so much has been spent, and we keep hearing about the demand for the products, that there is no future for this plant on which so much has been spent? I don't get it, does anyone know?

Looks like you got your wish DD77!

I have sold over 75% of my holding from my peak.

On the bounce post that I expect post the most recent RNS, that was about yet more Zantac capitulation, I will be selling the remainder. Since my post on 31st July I have reduces my holding by a third and frankly wish I had gone further.

Death by a thousand cuts this is. As I have said before on here, its a nonsense defence to have a constant stream of announcements in the public arena saying we have settled this case and that case without liability, but then say we will defend ourselves in court in front of a jury because there is no evidence Zantac caused cancer. What will a jury read into that when the main class action is tried in somewhere like Delaware? They will know GSK are giving way on selected cases, then Mrs Smith with 4 children appears in the witness box with an oxygen mask on? So the SP climbs to 1650, then they make an out of court settlement and it goes to 1525, gradually back to 1650 then another announcement., rinse and repeat. Suppose it might be worth trading if I had a pair but one day this could crash and stay crashed. What the lovely Ms Walmsley should do for her fat salary is sack the no doubt vastly expensive lawyers because this lot are steering GSK towards the rocks,

In 2 years. Not really a chatty lot are we?

Ultimately debt isn't the killer, the market price of the commodity is which has driven it. Bit like most of the Lithium companies, the world needs the commodity but the low price of it is sinking the industry. I'm sure that the price of vanadium will come back, and come back strongly, because supply is going to be choked by miners failing. Its a question if it happens soon enough. Else others will get the assets at 10p in the £ and will ride the wave. Sad situation, the previous management now look lacking but thats easy in hindsight. They would have been hailed as heroes with a strong commodity price.

Yes, remember watching the drama about the Post Office and it was revealed that the the original court case, which they

won, was on a no win no fee basis. The amount the Portmasters were left with after the ambulance chasers had finished was pennies, the lawyers made many millions.

Its even worse where the defendant is a country. I suspect that if they lose they would not pay anyway. Who would, who could, force them?

Or was it never worth the flotation price, in all the EV excitement the founders saw a way to capitalise before the bubble burst. And burst it did.

Looking at the SP today it looks like JDW has flat lined. Lets hope there is life in it yet!

You can bet your life on at least 25% based on what I can see on the internet about this.

Cant believe I was censored!!

20p seems a long reasonable target to me, based on *** packet calcs which i am not going to share for fear of ridicule! lets face it, all of us have done some sort of 'reasonableness' check so we can make sense of our own acquisition cost to see if we should sell, hold or maybe god forbid add.

the future looks ok but without the excitement there once was of a multi multi bagger. what is of concern to me is

when will production start, constant delays cause wobbles.

how much more dilution.

will telfer need capital injection, i cant imagine that newcrest/ newmont have kept it state of the art given it looked as if it may be being decommissioned

will pog remain strong? go up? stay at this level? decline?

can we be sure of the margins implied by historic published cost/ oz estimates in times of high inflation, particularly in energy and labour?

ggp is more than just havieron. will other prospects prove to be the real company makers or a series of hot, dusty money pits?

polite answers on a post card please.....

Many longer term shareholders have been shafted, but an earlier post (sorry cant remember who to give the author the glory) really did get it right.

Basically they said that was then, this is now. This is not the share we bought into, a combination of events means this is a different share. GGP Old has gone and this is GGP New.

Through a series of events GGP New is the 100% owner of a major asset and processing plant that is, at least, ready to use and under their control. Original shareholders of GGP Old were happy to be a 25% junior partner in a JV, but then the pleasant 75% partner got taken over and their even bigger replacement wanted out. Big ambitious people and investors essentially took over GGP New by the back door. And they care for nothing except themselves, certainly not GGP Old shareholders. It hurts but at the end of the day PoG is up far more than expected 6 months ago, the company hasn't crashed and burned, and the big ambitious people and investors have significant skin in the game and have incentive to make this work, even if they only care for themselves. So it could be worse and us little people could do reasonably even though we are being kicked in the nuts. I don't think previous highs of late 2020 are likely to be seen ever again but we could have lost our shirts here. Newmont have the financial clout, and had 70% control, enough to ice the whole project indefinitely. The golds in the ground, it wasn't going anywhere, they could bide their time. But that didn't happen and from this low point we could see a decent return. Its just not going to be a huge as many hoped. But this really could be worse. Just don't kid yourself that Shaun Day is your friend. He doesn't give a flying f*** about us he really doesn't.

There will be consolidation because, from what I understand from posts on this board, without it at 5p we cant get a ASX listing. Think its naïve to believe that there will be a ASX listing without dilution (which I know is a possibility) but time will tell.

If anyone can make a success of it SD & Co. can?

When Day took over as CEO in February 2021 the SP was over 25p. Sometime later (and I paraphrase as I don't have the original material , but its in the right ballpark), he was asked whether he would consider a bid of 25p per share. The SP at the time was c.15p. He said no as it would undervalue the company.

Now we have PoG in excess of $2500, and there is a real chance of success with 100% ownership of Havieron. And a ready made processing plant. But the cost has been eye watering and this has only been achieved by printing share certificates to be snapped up by his industry friends.

It doesn't matter if you are underwater or if you are in the black. Day has presided over a period of utter destruction to shareholder value. Absolute decimation.

We should be pleased that the way forward is now assured and can only hope that the current PoG will be maintained or hopefully increases. But don't tell me that Day is the messiah, I doubt there is anyone who in their hearts truly believes that the Shareprice will ever regain what it was when Day was the new boy and shown to his office on his first day at work.

That is the most sensible comment I have read today. PIs have become passengers. It may well turn out ok, if so it will be by luck because anyone who thinks the original PIs are anything but minor inconveniences to be tolerated by those now in charge are kidding themselves. They do not have PIs interests at heart.

Funny how the least talked about of my holdings is the best performer!