Member Info for MH01

Say they sell at 24p, then deduct 12p payable for the shares, leaves 12p gain, then lose 50% in tax = 6p profit.

Naylor the management with share options are now well incentivised to get the SP well above 12p wouldn't you agree? At least double 12p is required in my opinion for them to exercise as they will lose half of their gain in tax. So it makes them aligned with us.

Wow I’m not surprised with the ESG movement m these days. The greenies don’t get that mining is necessary to find the materials to build the green economy. Bunch of idiots and the government will pander to the minority all the time to virtue signal. GGP is looking good. Factors like being in the WA desert away from major towns (out of sight out of mind) and a WA government that’s funded richly by mining, happy days for GGP. Very supportive and well aligned situation for GGP.

Friday was an UT so not a real closing price. Due to GDXJ buying more stock and the MMs taking advantage by having GDXJ pay above the closing price. Friday's closing price was about 7.2 so that is what you compare too, not 7.9

Havieron CURRENT ACTIVITIES:

▪ Various Feasibility Study workstreams are being progressed with several value enhancing options underway to maximise value and de-risk the project

▪ Drilling programme now complete; work programmes underway to incorporate these results into future Mineral Resource estimates to support the ongoing Feasibility Study

▪ Decline successfully developed through the middle aquifer, a significant de-risking event for the project

▪ Greatland completing an updated Mineral Resource Estimate – targeted in December quarter 2023

Paterson South: Completed maiden drilling campaign with five RC holes at Decka and a single diamond hole at Stingray; currently awaiting assay results

Scallywag: Diamond drilling has been completed at the A35, A34, Swan, Pearl and Ramses targets; currently awaiting assay results

Ernest Giles:

▪ Land access agreement negotiations ongoing.

▪ Ongoing work will include airborne geophysics to better understand the geology of the entire Ernest Giles belt prior to systematic drill testing of the resultant priority targets

Bromus: Recently entered into a heritage agreement with Native Title Holders which provides protocol for carrying out heritage surveys and for the monitoring of certain works

GDXJ is an EFT. https://finance.yahoo.com/quote/GDXJ/ They own shares in GGP.

I believe last Friday was a GDXJ top up buy hence the high UT. If you ignore that then the SP is doing fine.

Here is Shaun at Denver https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2023/09/13/greatland-gold-plc/play/stream/36788

Https://youtu.be/REpS7iOdo3w?si=RpgD9bDGf9nmdJB9

“Gold prices are high junior mining stocks are not”

Good interview. C’mon GGP 📈

Some article quotes below. Just another macro factor that will benefit GGP via a higher gold price:

"Furthermore, and as I recently noted at the Rule Symposium, they may not trust each other completely, but they do trust gold completely."

"The US is now trapped in a vicious circle of debt for which there is no way out other than a currency-destroying return to more artificial, QE “stimulus” and the mother of all inflationary waves."

"If the petrodollar system radically or even slowly unwinds, this will do far more to destroy demand and the inherent purchasing power of the USD (and send gold skyrocketing) than any gold-backed BRICS trade currency."

If you have not listened to the author on YouTube I do recommend, smart guy. An American living in Switzerland. Matthew Piepenburg, partner at Matterhorn Asset Management:

Https://kingworldnews.com/global-systemic-change-is-now-a-matter-of-survival/

Https://audioboom.com/posts/8369007-sunday-roast-featuring-aidan-o-hara-professional-investor-corporate-director-of-fulcrum-metals

Well written Bamps. I think that most who write do so from an armchair view without any practical knowledge around what’s happening on the ground. There are so many layers involved for both Telfer and Havieron, mostly intertwined. It is very fascinating. I’d be curious to know what the restoration works entail for Telfer. It would cost a lot of money too.

I’m personally not expecting further ‘new’ news this week before Shaun arrives in London this week. I always thought he would be here to explain the ASX cross listing but since that’s been pushed back until after the Newcrest/Newmont tie up/ resource update/ feasibility study/ and decision to mine, there is nothing new to add.

We do have drill results awaiting so perhaps we will get them this week. The past week we had two new RNS that nobody saw coming so can’t see that again this week.

Hydro wrote on GGPChat that Newmont isn’t selling Telfer/Hav. So which is it ?

Https://kingworldnews.com/weekly-wrap-with-alasdair-macleod-available-now-09-16-2023/

Maintaining the status quo with 30% owned, once the gold copper from Hav is being produced, GGP will have a reliable yearly cashflow. A portion paid as annual dividends and a portion invested into future growth.

Newcrest has spent over quarter of a billion Aussie dollars on Havieron. Plenty to go. GGP don’t want to go down that route IMO. Let big brother with the deep pockets fund 70% plus supply the entire workforce and infrastructure back at Telfer.

That’s separate to a similar amount invested at Telfer the couple of years. Only a gold major with a cash rich global operation can fund such. Much better for GGP to stay 30% holder and Newmont 70%. Don’t rock the boat. This starter mine cash inflows will fund GGP for decades. Without the headache of owning Telfer.

So easy to write GGP take it over but practically it’s an expensive minefield. Plus the Telfer restoration future liability we can best avoid.

We have opposing views of Newmont retaining Telfer/Hav

https://www.ggpchat.co.uk/viewtopic.php?t=780

And those suggesting Newmont will dispose of Telfer, with Evolution Mining and GGP the only likely parties interested.

I know I’d prefer we stay as it… a JV with the largest gold company on the planet and retain our 30%. The cost to develop Hav huge so having a deep pocketed partner is great. Plus we don’t inherit the liability surrounding Telfer.

The uncertainty and varying opinions on GGPs future are likely why the share price is down at these levels