Member Info for kevin0541

@zoros I see the connection you are making but if these people have all left FM/Wyloo to join GGP then surely they are no longer working for their old masters? How do FM/Wyloo benefit and moreover surely if a bid for Telfer /HAV were made by FM/Wyloo how would these people benefit?

I bet they will claim they have no conflict as there will be ‘Chinese Walls’ in place. Crooks!

Don’t count on it. We went to 9p only a couple of weeks ago and we’re battered straight back down again.

I hope they haven’t Tom. My preference would be for GGP to buy Telfer and HAV to help NCM stave off a t/o. Yes we would have a big debt pile but we would immediately become cash generative and have 100% of the income from HAV to pay down the debt

Motoring with new enthusiasm

@panama I hope you are right and that the change of control clause is in our favour and Vance needing capital markets experience. If not, Taverhan has a fair point about the burgeoning board without revenue and without any of them buying shares!

You are forgetting they have been shorting so until they buy them, they don’t have any shareholding in Newcrest! Now if things go wild tomorrow as they try to close out, then maybe …

@benrumpson everything is dependent upon the wording of what is known as a ‘Change of Control’ clause that will be in the JV. This determines what will happen if the ownership changes. Potentially GGP could have first refusal on the 70% or it might have a veto on the ownership of the 70%. However GGP were weak at the time the JV was created so I am sure it is written very carefully in favour of NCM

Why would they stop? All adds value as the buyer doesn’t have to do it and de-risks for the buyer so potentially adds a premium.

Dip I agree a compliance listing would be great news and I really can’t see why this has not happened already. With the MRE delay this should now be an absolute priority and get those on board who truly know the value of local assets. Such a listing would likely stop the manipulation rampant on this share because currently it can be achieved with very little volume and because the manipulation results in limited positive sentiment on the buy side

Azores = Zoros lol , bloody autocorrect

You’re welcome Azores but as Bamps says, it is NCM that have moved the goalposts and my frustration is with Shaun accepting it

K

You couldn’t be more wrong about my situation Bamps. I sold big chunk at 35p and made £700k and whilst I have had losses trying to catch a falling knife on the way down, I am massively up.

My frustration is with the lack of anything positive from SD. No positive (or any recent) drill results from Scally or Juri, no personal share purchases, him building a massive cost Board without revenue (yes skill and quality is needed, but this is frivolous) and no MRE which was promised Q4 2022 and now due August 2023.

I disagree that a new MRE is pointless as it shows tangible growth and thus underpins share value. Of course it will all come good in the end, but at this rate there will be many more people forced to sell.

I have been a PMDR in a mult billion $ company and know how boardrooms work and I can tell you they are much much more focused on SP and shareholder value than this company is. This company doesn’t give a damn how low this SP goes. Complete opposite to how it was with GH, albeit that it got hyped too high.

Proactive interview yesterday Z. SS said he was minded to go along with NCM delay to August in the interests of partnership. He didn’t rule out going alone but said he prefered not to

Z this roadmap is way out of date. MRE now August and this DFS and DTM will also be delayed

I should add - why haven’t shorts closed out when an MRE was imminent? Because they always have the inside track and knew there was nothing on the horizon to hurt them. Mark my words, they will keep taking this down well below where we are now unless something left field happens without NCM being aware

@culpepper I disagree. There is nothing to prevent multiple MRE’s and leaving the next MRE to August when the SP is being hit daily (big seeking again today) is madness. SD doesn’t care about PI’s who might need money between now and then and has happily seen it fall from 37p on his watch without ever personally investing (bar small obligatory placing at 12p). This could all end with an MRE from GGP now and another from NCM in August.

Dip I think later in the interview he said the FS would be delayed alongside the MRE and of course that makes sense as the two are totally connected - unless they run a FS based on current MRE or release their own. All in all a very poor decision to wait another 7 months. All we can hope for between now and then is a good drill result on Scally/Juri OR god forbid that they should have and show some conviction in their own company, a Director purchase or two!

As a long-term shareholder I believe in GGPs assets, but I am really struggling to have any belief in this management. SD has overseen a massive collapse in the SP yet fails to buy any shares except when obliged to do so once (and small amount) when putting in a placing. He has brought in big names to the Board all earning big salaries but without any revenue to support the cost. Thus for every month that goes by, the funds dwindle and likelihood of another placing remains on the table. He promised us Institutional Investors through his contacts, yet they only really appeared around 8p and still he hasn’t bought shares to match that low entry point for his mates.

If the MD has no faith in the company and doesn’t want to show leadership - or indeed any of this new board sucking our funds dry - then why should we have faith in anything said by them.

Scally results were likely in December or January according to his Town Hall and now today he hopes they will be this quarter! Story changes all the time.

We are being rinsed by NCM and management roll over and allow it. We should be updating the MRE as many times as we want and keeping the SP high to avoid another cheap placing or worse still a ludicrous takeover.

Just my opinion of course and I know I will be slated for it. Hey ho!

Zoros SD stated in his proactive interview that he was inclined to go along with NCMs plan if August. He did t rule out going alone again, but CLEARLY stated a desire to work in tandem with NCM