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The scattered drill results will have been populated into a resource upgrade. We just haven’t seen it. Sounds like SD only learnt that it wasn’t being released a day or two before it was supposed to. That information doesn’t just disappear..
Or even if it is still scattered drill results - these people know how to calculate from those and hence the process takes a long time. All things will be taken into account, they won’t just ignore 18 months of amazing drill data just because it hasn’t been published. It’s Fair value. That’s what these independent bodies do.
Every interview and RNS that been released by GGP has stated that the 5% will be based on current AND future projections. Shaun knows what’s down there, just because we weren’t told MRE2 doesn’t just mean that all Of a sudden SD just sells it cheap.
Where exactly have you read all of a sudden that the 5% value is based solely on the PFS and that if it goes to arbitration the 5% will be stolen from under our noses??
Sounds like a of old tosh and panicky speculation to me. I’ll personally go with what the company and CEO have stated multiple times.
RELAX. This ain’t his first rodeo
I reckon it’ll come post MRE2- to give some context / justification to the agreed 5% value
CJ - its elucidate* in the context you used.
- especially whe in the same breath he was implying that 3-5 years of drilling could tell all - and implied it could be comparable to Telfer size - 20 MOz ++
yeah khyros I think the key point you've missed is - ' The offer would need to reflect what he believes would warrant not doing the next 5 years work' - so 29p might cover the present, but I don't think / hope he'd entertain a figure anywhere near that.
yeah and its $228 mil from the brokers- not 280 Lenz so around £170 million. so Rossos £200 million isn't so bad..
I have no idea what its gonna be so not even going to hazard a guess.
wouldn't dream of taking a 22% premium on todays share price given the choice. Have you read any of the drill reports over the last year?
yeah why pay ten deal fees when you could pay one
Price of gold up. Drill results next week. 5% deal in a few weeks. an undervalued asset that keeps getting bigger.
you don't have to answer this Jerry but how many GGP shares are you sat on these days? wasn't it in the tens of millions? Hope it still is..
SAS- ‘1000 dollars per Oz profit and a 50% discount on that as it’s in the ground still- 500$’ I really hope that’s somewhere near true.
I was reading some articles today :
https://www.kitco.com/commentaries/2015-06-03/The-Real-Value-of-Gold-in-the-Ground.html
https://munknee.com/how-to-value-a-junior-miners-gold-in-the-ground/
‘ median value 40$ per Oz in the ground’ - albeit this is at 1200$ gold and we’re in a different position than just selling an asset to a random major- but, do
You really think we’re going to get somewhere near 500 per Oz??
I’m more than happy for people to tell me we can and explain why.
I also hold nearly a million shares here so this is in no way a deramp or anything- just trying to curb my expectation too much
nice one thanks
Are the drill results not due this Thursday? 6 weeks from the 9th of December...Or did xmas mess with the dates?
I reckon the next RNS will be a CLNdilution and see the sp down to 0.1p
how is the conversion price for the CLN's calculated? just whatever the SP is on the day? or is it within a percentage? or....?
And, when is the next batch expected?
Cheers
Has Amy Benning bought any shares yet?
cheers
Does anyone know how much money we've paid back in refunds for due diligence fees, to potential clients who fell through due to delays in getting this up and running??
Nothing special- the title of the thread is MRE update, so not sure how you got the idea it was the FS he was asking about