RE: Detox23 Feb 2022 14:47
Having been off the board for a month(ish) break, I've had a look through everything to try and catch up. Apologies in advance if I'm repeating what others have said as I've not ready anywhere near every post.
I had said in a few posts over the back end of 2021 that I felt the upgraded resource would be the most significant event to positively affect the share price. I am so disappointed this hasn't come through as yet.
Interestingly the share price is pretty much the same as my previous post, so we are treading water. My takeaway from getting back up to speed is that we're now in the position that a lot more rides on the skill of our board. We appear to have had our expected positive news flow taken away, for whatever reason. As far as the 5% goes, if GGP have no sight of what Newcrest are going to put forward ( and now due to the missing upgrade I'm not sure how close to their chest Newcrest will play this one) I almost feel that GGP have to aim for a figure they expect that the independent assessor would agree with rather than one that they may feel truely represents the value. The purpose of this would be to avoid a low-ball offer by going too high. Whilst the MRE would in my mind have a positive change to the SP, the 5% could go either way. I was a hold ( I'm always a hold! ) a month ago, but certainly add if you think SD & his team will succeed in getting the best value from the asset. I will be drip adding myself if I get the opportunity. Just an afterthought and best case scenario, the one thing at the back of my mind that would be amazing would be for a bullseye hit on our own tenements in the next couple of months. That would really put the cat amongst the pigeons!
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