Member Info for lebugue-addick

Agreed. But GH was prepared to give away a straight 75% in Juri with no 5% clause.

I suspect GH thought he may not get drill funding from the banks and did not want to dilute shareholders funding any further. Obviously Havieron has turned out to be way bigger than originally thought and SD even said last week it is better than when he first took over.

Maybe with hindsight things would have been done differently but this is an evolving discovery. Nobody yet knows the true scale of Havieron 3 years on from the JV agreement.

Don't forget GGP are also prepared to give away up to 75% in the Juri JV in return for drill funding. We are still waiting for the big discovery there.

So maybe GH was quite canny in holding back 5% for negotiation later.

GGP's assessment of the MRE at mid December was 6.5m oz which was announced by RNS on 3 March. This was a clever move by SD and has put the cat amongst the pigeons as far as NCM valuation is concerned. Arbitration looks odds on imo as SD is not going to let this go cheaply.

thedoors - brilliant stuff; see you there

l-a

Hi Bamps - apologies for the delay in replying to your 13.35 post.

Yes another Stroud meeting is an excellent idea. I wonder if thedoors fancies coming along and the other guys from around there?

Cheers l-a

Bring Him Home

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

@Paul - DAY as you have impolitely called him gave a lengthy interview to Bottlerocket on 25 May. That was Part 1. Part 2 to follow shortly. This is what he had to say on the current state of the SP disconnect. He is as frustrated as anyone.

"- And that, I think, is what I see the job of management and ultimately the BOD isn’t to determine that
whether we're taken over or not, but ultimately is to make sure that if an event, if a change of control
event occurs is centered around getting full value for our asset. And clearly right now, given the growth
rate and the relative decline in our share price, that does concern.
- And I think there's asymmetrical risk in our share price right now. On one hand, you buy the stock, you
might get a takeover premium and well, that's nice. The alternative is you deliver the full value of
Havieron and I think that has a much higher uncapped potential value. So, I think when I talk to some
of the more sophisticated shareholders now, that asymmetrical risk in the share price is attractive.
- But to be open with you Liam I don’t want to keep that in our share price, I want to kind of pull out of
this current kind of performance and it is to some extent a function, I think, of this uncertainty around
the 5%".

bump

Bamps - LSE's loss is teleg...'s gain imo

Poopy - a tweet from the company last year (?) said they were looking forward to the short squeeze I seem to remember

..and it's all publicly available information. So why are they getting so upset. Rhetorical question!

Sojourner - it seems that this post may have been responsible:

This post may be the reason:

“hydrogen
Posts: 10,660
Price: 11.05
No Opinion
Just how desperate?
Today 13:45
Oops they did it again .... O dear, O dear .....

Just as predicted (last week). 64m short hit
well It's all become rather 'unbecoming '... hasn't it?
Posts being deleted en mass and Costa Loonie being silenced...

A 2m short increase in 24 hours - will be well over 65m tomorrow...
You want to know who's selling?
Well Yesterday's volume was circa 8m (so they sold over 50%)

Today Ortex updated 64.21m on loan
7 days ago 53.89m
% Change 19.15 Oops!!!

Yup. A 19% increase over the past 7 days
YET the SP has moved.... wait for it: 11.75 to 11.05 a measly 5.9%
Anyone detect a case of.... 'ever diminishing' returns? OR being well into the 'danger zone'.?

Nobody in their ring minds adds do much to a short at this stage in the game. They take it off ... not double down to hold the line... They are loosing their grip everyday

Days to cover...? Oops again !
Oh dear this is where it get's proper messy. It was 3.6 to cover a few days ago... now 4.13 day to cover.

4.13 days of 100% SOLID buying like crazy...

Can anyone else detect XXXXX fishy balls toasting nicely?
Melting like marshmallows on a XXXXX... It will be painless don't worry Lol

It's going to cost them a lot though.. cost them badly.... c £7m quid and counting. to buy back 64m at an average of 16p

I make that about £10.4 m

Somebody's head will probably, well, roll.
And I cannot wait to see this unwind...

Get some Cheap GGP shares make 4x your money in 12 months from here.
Gotta to be worth a punt? Very little downside from here.
Gold price is rising not falling, Implode...

After all Gold is the only asset class up year to date: The only asset class

Wonder when our 'Mystery Buyer' steps in again... ?
I can't wait... “

Be on the riight side of Havieron and history...

All publicly available information:
https://app.ortex.com/s/AIM/GGP/short-interest

FUBAR - is this the one you mean or do you want the big beast:

.…....|
......./..\
...../__.\
.....|===|
.....|…..|
.....|…..|
.....|...G.|
.....|..G..|
.....|..P..|
.....|......|
.....|......|
.....|......|
.....|......|
..../|#||#|\
.../.|#||#|.\
../..|#||#|..\
..|../^||^\..|
..|./.^||^.\.|
..|/..^||^..\|
.....(VVV)
......(VV)
.......(V)
........*l*
......( * )
...( % : % )
.( %%:%%)
( % % % % )

I wonder what average price they will have to buy back at:

- 64 million at 14p = £9m
- 64 million at 15p = £9.6m
- 64 million at 16p = £10.2m
- 64 million at 17p = £10.8m

Today - Mostly sunny

Low 16C
High 31°C
Pilbara for Friday. Partly cloudy. Medium chance of showers in the far W. Winds E/SE 15 to 25 km/h becoming light in the middle of the day. Daytime maximum temperatures 25 to 34.

Nice Autumn temps for Oz drilling.

They are throwing everything at this. As Shaun said they have to buy back at some stage. Look what happened GDXJ tried to buy in quantity

All the posts of significance have disappeared. LSE pathetic childish behaviour

Did SD mention he saw an asymmetric backside or did I hear wrongly?!

@Paul - latest quote from SD: " I think that (the 5%) is a process that we need to resolve at some point and would like to resolve. And I think once we have that, we can start moving through the gears and get through this transition period. And it has been and I’ve said in quite a few interviews, it's always been this kind of ballpark 18 months transition period. We're getting to the close of that. But at the end of this transition period, I want to remove these uncertainty events and I want to be fully funded.
- And I think that gives us a platform really then where people just can concentrate on this short pathway to free cash flow (FCF) and continued growth in the asset and remember, when we talk about this asset, we're still not even really talking up that Bulk Mine, which is huge as you know, it's doubling the asset
- Now, it's one thing to think about the value of that SE Crescent, which is formidable, but when you
start talking about adding a bulk mine on top of that, you know, the size of this prize is substantial".

That is very reassuring.

@Paul - further to the message by thedoors it would also be worth watching back some of the SD interviews, starting with the most recent one with Bottle rocket