Member Info for kevin0541

Ok so let’s see if this sell volume gets bought back this afternoon as predicted by H

How do you know they were buys - especially at price executed??? I suppose the latest was a buy also?!

Let's discontinue the relentless thread please. Big sells today haven't really dented the SP, so whats the problem? News will come, as it always does, but as usual we have to wait longer than we had anticipated

Can’t see how it could be done on an EBITDA basis as that is a look at past earnings and FMV must look at future earnings as the gold will come out of the ground for many years to come. Also the earnings/EBITDA will only just be being ramped up during their option period

Hydro I do think you are wrong becuase the section quoted on the GGP website and copied below is very clear. The option is with Newcrest and whilst they could decline I do not believe GGP can refuse to sell. I too have done many legal documents (not picking a fight in any way) and I see the position totally in Newcrests favour

“Newcrest has the right to earn up to a 70% interest in the joint venture by completing a series of exploration and development milestones in a four-stage Farm-in. Newcrest may acquire an additional 5% interest at the end of the Farm-in Period at fair market value.”

Rotherby in my opinion you may be missing the point of FMV. Yes they could buy 5% now at open market prices but if they buy under the ‘right to buy at FMV’ clause, then FMV will take into consideration real value of resource as opposed to purely the SP. However, if you are saying they could get to 70% without using this clause, then I agree. Having been in senior positions in very big corporates my personal view is that they will want 100% as JV’s are complicated and expensive to run and of course they want to lock-in all the long-term profits.

No they couldn’t refuse the offer if the independent FMV is conducted within the rules set out in the JV/Farm-in agreement.

Starbright that was the most eloquent and dare I say insightful post I have read in years. You are clearly a very intelligent and articulate person who likely holds or has held, senior management positions. People would do well to heed your words rather than challenge you. I do not put Bamps in that context, by the way.

That’s great Speadie as long it’s clearly stated as such. I long for this to go up again, as does everyone else, so I hope dreams do come true ????

I have to echo these thoughts precisely. It’s about facts, accuracy and responsibility

Buys are showing as sells this morning and my 201k buy at 4.811 hasn’t even shown up yet.

Does anyone know the volume likely for rebalance tomorrow?

Night watch your comment re retracement is normally correct after news, but note that this hasn’t happened here and there is no sign of it happening because a) there isn’t much liquidity for buyers or sellers and b) there is plenty of positive news to come in the ‘near term’. I doubt IMO that you will get in much lower now

Freddie at least be accurate if you challenge. Newcrest do not own 75%. They will only do so if they BUY 5% at fair market value. This is critical value and cash for GGP

I think it’s the word ‘remarkable’ that gets me excited. I don’t imagine many miner CEO’s use that word very often in investor meetings

Crikey what a question. NCM will take it out of the ground and are massively cash rich!!

My take is that this was the key message from Sandeep, quoted here verbatim

He said today that “mineralisation remains open in multiple directions outside of our initial inferred resource estimates” and “we have seen REMARKABLE drill results from below the resource boundary” - ie in addition to what will be in the PFS and what was in the MRE

Now if you were to say this is GH selling again, I would believe you! I think he is playing the market big time

Hydro you have an ‘inside track’on the same people selling and buying. Yesterday they bought more than they intended because the price was too good and today they are selling because it is weak. I respect your technical knowledge, but this is all bull****

My advice is what I was given many years ago - always leave some profit for the next person.

A great lesson is another share I am in, Greatland Gold. We went from 2p to 37p and whilst I could justify 20p I couldn’t 37p. I sold a big chunk at 35p and now they are 19p. Mining sector is very volatile in the early days and profit taking will likely cause wild swings.

I am spreadbetting here also and have 2.4m shares and will likely sell around 10p, but I never set a figure as sometimes it’s just gut instinct. As Sean just said, everyone has their own reasons and own price point to buy or sell and we should never criticise.