Member Info for mercedesman

We’re now suggesting $500m for 5%?!!

Got help us. Disappointment incoming

Sounds bang on to me Ilyas01, i still hold my 2-3p tgt for 2022

im normally uber patient waiting for news like this, but the anticipation is killing me this time for some reason. Very exciting times

Hey speedie, i disagree that no one can harm JPM (or other PM paper shorters)

Only 2 things need to contine

1) PI’s keep buying physical (including standing for delivery on options contracts)

2) more miners either witholding metals, or selling direct to manufacturers, a number of silver miners have already started doing this, if more take the same stance it will end up rendering the Comex and LBMA exchanges useless

Hey presto, end of manipulation

- Eastern side HAD 104 looks very exciting, changes the potential total ounces drasticly

- Deeps continue to deliver

- Mention of other zones being targeted outside Havieron (and not Zipa or Had North), who spotted that? ; )

- Daveri007 works for JPMorgan

Overall, another great update!

Signing off, see you in 6 weeks : )

Respect that spade, but the JV agreement states “fair market value” not “future market value”

I think it was written to be valued at this point in the process and will be valued accordingly.

Lets see, obviously i hope you are all right and i have egg on my face lol.

Exactly aquakid, and so what if 5% is £100m, thats 5% of what its worth NOW

If our 25% is worth £500m NOW that means its worth £1bn at 10m oz, and 2.5bn at 20m oz

My points were that the 5% will not reflect in any way what this ends up being worth, and we should not be disappointed if its below what some expect, its NCM’s reward for taking the early stage risk.

Ty hydro, as always, peace and love to all. Roll on news!

Lenz i respect your position (and math) but i just think you are too optimistic

I dont think NCM are going to pay for 5% of 12m oz when we have 5-7m oz proven

I think they will say 7m oz *5% is 350,000 oz * $400 an oz = $140m or £103m

Josh im in far deeper than most here, your silly teply just highlights your immaturity, not knowing how to respond to a discussion you dont like. Im uber bullish on GGP both short and long term (as my tweets point out) im just not in La-La land thinking its going to be 40p next month. Spoiler alert, it aint.

And im in 2 stocks?! I cant be any less diversified lmao

Lenz, lets pretend Hav ends up being 20m oz

We get MRE2 for 7m oz, NCM give us £100m for 5% and an additional £130m for the additional 13m oz over the LOM

We have been paid £230m for 5%, that pays for all the set up costs and future mine upgrades, and we retain 25% or 5m oz

For a junior miner that is an astonishing position to be in. I fail to see how that would be seen as negative, i think its superb.

Race..ist bot*

FML they need to turn the filter down a notch haha

LSE, “sni..gg..ers” is not a rude word lmao!

****** Bot : p

Tymers….. (s******s) never mind

Lebugue/ Lenz

Yes, thats what i said (read last post) deal is likely to be £50-£100m PLUS £10m per ADDITIONAL 1m oz proven.

That i think would be a great deal, and a fair one

Spade £250m - £350m values GGP at £1.5-2bn! BILLION! 12-15m oz gold would be required to justify that….. we’re at 4.2. If your being generous the MRE2 will upgrade that to 7m oz, so do tell me why NCM are going to “drive a hard bargain” and pay £250-£350m for 5% in the “hope” the deposit is going to double in size…. Even though the highest grade largest section is already proven up? Do tell, i’d love to hear it.

Much more likely we get £50m -£100m now + a forward payment of say £10m per 1m oz further discovered.

You are using your spade to dig your own grave atm, why cant you see that? A savvy LTH would have been conservative and reassured all the newbies that £50-£100m would be a fantastic deal, that way if it does happen to be a bit higher the market reacts accordingly. As it stands i can see a massive kick in the balls coming because you lot have set the bar far too high.

Time will tell

These 5% valuations are getting more absurd by the day!

£200m, £250m, £350m!!! I dont know what you are smoking but it must be on prescription because its bloody strong.

Its Scallywag 2.0 on here now. That offer is going to be £50-100m and because everyones expectations are currently orbiting the rings of Saturn there will likely be a big selloff as its seen as a bad result!

Probably why JPM went short, they know you lot have lost the plot.

Have we learned nothing?

There’s a lot of ego flexing here, reminds me of the school playground and kids squabbling over who is captain and gets to pick their players first lol.

Anyhooo, a good close today, news soon and some welcome new topics to discuss

Im certain someone is taking a big position here, 4x PME in one day is a dead giveaway.

See what large delayed orders turn up between now and friday close.

Hopefully in time for a Monday blockbuster RNS!

Ghoti personally i h e an expectation of 200-300m , or 1.5-2p

That said, i made that calculation when Lithium was much lower, we could be on to a GGP style 20-30x here….. IF you have the patience, and the nerves to ride the dips for the next 1-2 years.

So many people bought GGP at 1.5p and sold at 3,4,5p happy with a 100-200% return. When another 12 months would have netted them 3800%

I’ll wait for ARV to strike, even if it does 50% the day it does, I can still get 5x upside, but no risk of sitting there for years hitting dust and raising funds in the meantime. GGP was still 1.4p AFTER hitting Havieron