Member Info for markjphennesseyg

Hi gwm, I’m certainly not answering for Bamps but my take on it is:

Existing GGP shares owned by Starvest are just being distributed to individual Starvest Shareholders. The amount of GGP shares in issue remains the same.

I don’t think the Starvest liquidation will have any major impact on the overall GGP picture at all. I haven’t got a lot of SVE but the GGP shares I’ll get from them will sit nicely and patiently with the others I own.

As others have previously stated the reason most PI’s probably invested in SVE was to gain more exposure to GGP for their money than if they just bought Greatland directly, so it seems daft to me to think they would suddenly sell their “extra” shares when GGP are still at an early growth stage thus losing the main benefit.If you already hold GGP shares and are not selling them at the present price why would you sell the ones you get from the SVE liquidation?

Putting things into perspective, there are only about 58 million SVE shares in issue, that would work out around 77 million GGP shares to be distributed and most probably into sticky hands, it’s not like we’re dealing with 100’s of millions of shares. It’s no big deal.

Thanks to Stuart Hinds on X for flagging up.

https://investingnews.com/drilling-confirms-gold-system-near-surface-at-warrentinna-project-ne-tasmania/

The issue with the dam is all sorted, Willem Middelkoop heard about the problem and was quickly on a flight to Oz, he is now on site as i write. If his fund is underperforming though, just make sure no one asks him to pull his finger out.

Ha ha. I heard a rumour it was SD who spotted the problem. Whilst he was kicking the tyres on the vehicle fleet.

I read about this earlier. I’m not reading too much into it. No doubt they do regular inspections and this could easily just be a pre-emptive precautionary measure. Better safe than sorry and find it now. If anything found no doubt it can be rectified.

Any even half decent buying and I bet it wouldn’t have to be that much and we’d be at 12p in a flash. 2 x 20% rise days. Just like that, as Tommy Cooper would have said. Wouldn’t even have to be on any news.

Put it this way, If you were Byrnecut would you want to upset the largest gold miner in the world? Or would it be in your best interest to say to them “ you say dig, we say how deep, how fast”

I worked on a lot of reimbursable contracts in construction ( not mining) as a supervisor on the contractor side rather than the client, and believe it or not we genuinely committed ourselves as good as if we were on a fixed price.

Good luck all.

Yeah, it’s the nature of the beast, pun intended, that the contract is constantly evolving.

There does always seem to be an amount of “wiggle room” with this type of contract.

The thing with the Byrnecut contract is that it is cost reimbursable with KPI based margin. I imagine due to so many unknowns Byrnecut would not have been willing to agree a fixed price contract and therefore Newmont/Newcrest will have stipulated the KPI’s which need to be met in absence of the certainty of a fixed price. It will have been difficult for either side to agree/negotiate on a KPI for timescales until ground conditions could be more certain. Just my opinion but hopefully that’s where it is now at and Byrnecut are confident enough to agree a completion date for the exploration decline only, which if not met will impact their profit margin.

Only guessing though.

Hi Mattyboy,

reading that and then especially the footnotes at the end remind me to never complain about the SP and how lucky I am.

Very interesting story.

I’ve moved now but good part of the country. You might have guessed but I should have said “the one on the right” an expensive mistake Lol.

Hi Leftos, you can still pick up some vintage D.B.s for a few grand.

http://classicjaguar.com/cj/12517am1.jpg

Two very different DB’s. The one on the left is more suitable for me (and more my budget)

The David Brown museum was just over the hill to where I used to live and in summer they used to bring all the classic “open top” DB’s out for a run.A bit different to the ones Leftos dad had but very connected.A lot of British engineering history in the David Brown name.

“I will not buy anymore shares.”

Ah well there meant to be broken.

Ha ha best thing with this bet is if anyone wins, we all win. Plus it’s a free bet, we’ve already won with Havieron everything else is a bonus.

Thanks to Stuart for flagging that a date has now been put on the Byrnecut website regarding their Havieron contract completion date. Changed from TBA, maybe they were awaiting info. on the management of the lower aquifer before committing to a date.

https://twitter.com/hinds_stuart/status/1742138045288108214

Happy New Year

Just for fun, pick one and you can only have one.

Ernest Giles

Scallywag

Paterson South

Not easy is it? I wouldn’t like to bet against any, I know that.

Interesting. Always a lot to learn from nature.

Ha ha, now that makes even my car look sporty.