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A huge fine and one or two characters potentially in court but rarely happens . I don't think these companies worry about the fines. Why worry about a £4m fine if you have made £30m profit. The shorting will come to an end eventually and the share price will rise. NC will obviously be playing down the size and value of the asset as they will eventually buy Havieron at the lowest price they can. Simple business sense. We have to hope that SD and the board are capable of matching NC in the negotiating phase. I think they are so will be staying for the long term.
Newcrest appear reluctant to acknowledge the size of Havieron despite at one point telling the market that each drill was hitting gold and the asset was still open at depth. I'm sure they have called it a Tier One find in the past. I 'm certain in my own mind that NC are going to make an offer for the asset and are possibly buying on the open market to reduce the eventual cost when they do. Can Greatland refuse an offer for the 30% and can the company offer it out to other bidders should an offer come in thats too low in GGP's opinion. I'm sure there would be companies wanting 30% of a Tier One find?
Yes, could well be a worked buy as it didn't seem to affect the other trade prices after the bell which stayed at 13p v 13.10p. The 12.60p last trade was a very small trade which may have been delayed or allowed by the MM as it would have any affect on the price going forward. I expect it to open tomorrow at 13p or most likely higher. Possibly break 14p tomorrow as the momentum gets going.
On 'Wall Street' today regarding what type of shareholder holds the most shares in Greatland. Yahoo Finance reporting it.
'Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Hedge funds don't have many shares in Greatland Gold. The company's largest shareholder is HBOS Investment Fund Managers Limited, with ownership of 8.8%. Barclays Bank PLC, Wealth and Investment Management Division is the second largest shareholder owning 5.4% of common stock, and Jarvis Securities plc, Asset Management Arm holds about 5.4% of the company stock.'
Private holdings account for 48% apparently.
“I wouldn’t touch Scallywag with a barge pole. It’s already knocked the wind out of our sails once….”
You don't walk away after one duster!
Didn't NM or NC (can't remember which) walk away from Haverion after not drilling deep enough? It took Greatland to drill deeper to come up with the find of the decade in Western Aussie. if not world wide.
The infrastructure is already there in Telfer and as Magic says we already have the working model of the direction we need to drill in to find the possible intrusive centre.
Magic, where would you mill the ore at EG. Greatland could not afford to build a mill unless its a massive find as CAPEX would be too great. Surely its best to stay within striking distance of Telfer until revenue is really coming in, in perhaps 18-24 months time.
Could be Russians selling before sanctions hit them. They need to turn their investments into $ or £ or Euro's before the next round of sanctions and freezing of assets. Most likely manipulation by Institutional investors shaking out the PI's or shorting the share. If the latter its not working...at the moment. Seems strange that sells are greater than buys yet the SP goes up. As we all know the Buy/sell data needs to be ignored as it usually inaccurate.
The bigger the deposit is found to be the more they will have to pay for Greatlands share. Having said that the bigger the deposit is found to be the more money NC will realise from it so maybe they are happy to wait and see before buying out Greatlands share which I think will be the end result. Either way NC will do very well from this deposit. What we want now is a similar find on a Greatland asset.
Freddie, SXX were going it alone on a massively expensive project. No chance it was ever going to succeed without big money and the Board new that, not that they had any choice in the matter. Bit like Greatland going it alone on Hav and realising once they'd started that it would take a shed load more finance than they could ever raise and thus get taken out at a pittance That's why I sold out once I was in reasonable profit. Greatland has the financial backing and the technical knowledge of a major player from the start. SXX should have brought a viable partner in from the start and brokered the deal GGP has with NCM.
There is so much to look forward to news wise that will be a plus, plus, plus to the share price. Why the sudden distrust in NCM as a partner. They will look for the best deal for them and we will look for the best deal for GGP. (Neither will intend to 'shaft' each other as someone put it!) Somewhere we will meet the middle as usually happens and if not it goes to an independent body to come up with a figure. I think there will be a clause after the initial figure used to calculate the price which states that for each further 250,000 m oz a further payment of X will be made to GGP so that it covers a mine open in all directions and as such currently unquantifiable.
For LTI's this is an excellent investment and a sound update from Shaun but not for the 'get rich quick' day traders. Shaun continues to describe this as a first class asset, globally unique with outstanding drilling results and as yet undefined in size. Music to my ears!
Perhaps if we called it franking people wouldn't get so wound up about it! Apparently we have many, many years of gas under Lancashire in particular and yet we import at great cost. I understand the climate change issue but we are still using gas and will do for many years, just not ours. To me it doesn't make sense when some in the UK can't afford to heat their homes.
So Lithuanian and Russian fishermen in Cornwall know what's going on in the minds of Putin, his military strategists and his military leaders. 14,000 dead in Eastern Ukraine in the last few years, Russian agents poisoning former Russian citizens in the UK and doing the same to opposition leaders and journalists who call for change. I think we would be wise to treat Putin as an enemy of western democracy and dangerous to all we stand for. Having said that I fully understand Putin's concerns about NATO moving closer to his borders but its not just NATO he's concerned about its democracy which would see the end of his dictatorship and he probably would see the rest of his days out in prison where he's sent plenty who threaten his position. He has to stay in power to survive. Belarus will become a democracy sometime in the future and Finland given the chance would join NATO. Having spent time in Finland I know how much they loath the Russians.
Hopefully Putin will see sense and withdraw not just troops but the rediculous amount of hardware he has shipped to the border.
Agreed...Prim should at least double their money and most likely treble it. Rambler are a good investment given what they've got, where they are in the production process and the increasing POG and Copper.