Member Info for Morningsun

UR, from a pure management perspective NC doesn't need to know how big this is. In fact, strategically it is even better not to know it with regards to the extra 5% they are allowed to buy at market rate under the he JV agreement.

In the light of telfer needing ore the most sensible decision for NC is to go for the pre feas and production once they have proven up sufficient reserves to develop the mine. The rest of the development insight will come along the way.

Not the most desirable for GGP but that is how I would do it if I was NC.

What I cannot take into account, as I just don't know, is the impact of any take over defence strategies, as they may counter the above logic.

MS

True PG. And in 6 days the news is 'ONLY' HAV. I can't wait for the deeper insights into SW and PE further down the road. Hope we get to do that too.
MS

Exactly PG. The signs are all there. In the interim this will be traded as quite a few on here do not have the time to wait for the big changes. And then some just want to trade. One day they will miss the musical chairs of this Sp going up and down and it will just go up. Each to their own.

One can only dream what HAV will be like at the end of this year.
And then PE and SW.... Oooh it's like waiting for the WC Rugby! All excited.

MS

2.28p Red lol.

Thanks PG, great presentation again.
MS

Another link to Mr Derek sipke Brouwer.
Used to work for gasol. Oil extraction... But it doesn't exist anymore.
Maybe the address can help.
https://www.companysearchesmadesimple.com/company/uk/05350159/gasol-plc/

Same as last week Kempey. When the buys outnumber the sells the SP will drop, as last week.

On the other hand DanB, ADME MC is now 3 mln so it would more than double. With thee tech companies it is usually not th actual business they do but the promise of what it could do, or what it is bought out for.

So, Kempey, just out of interest, does that mean you're trading this as well if you can predict this?
Wish I could but I can't and I don't want to be out of this for any short term gain.

And what do you think 20mln Oz is worth to GGP speedy lol

Ah well, the process is there and legal. What are they complaining about. If it's unfair change the system.
What is far more worrying is that some who is not allowed to speak about this still speaks about this to the media. Don't trust anyone...
MS

Can someone please enlighten me whether under the Farm-in agreement Scallywag is included in the Tenement Blocks or not?
*******
Highlights of the Farm-In Agreement:
Newcrest has the right to acquire up to a 70% interest in 12 blocks within E45/4701 that cover the Havieron target (the "Tenement Blocks") by spending up to US$65m (roughly £50m or AUD$90m) and completing a series of exploration and development milestones in a four-stage Farm-in over six years.

During the Farm-in period, Newcrest will have a first right of refusal over the Black Hills (E45/4512) and Paterson Range East (E45/4928) licences. Additionally, during the Farm-in period and the term of the proposed Joint Venture, Newcrest will have a first right of refusal over those blocks within the Havieron licence (E45/4701) not included in the Tenement Blocks.
*******
Thanks.
MS

Thanks PG. Another cloudy day! They are keeping everything under wraps until the 30th ;-)
MS

Just bear in mind that the farm in agreement with NC is ONLY for the 12 blocks that lie within the Havieron target.

******* RNS 12 March 2019*****
· Newcrest has the right to acquire up to a 70% interest in 12 blocks within E45/4701 that cover the Havieron target (the "Tenement Blocks") by spending up to US$65m (roughly £50m or AUD$90m) and completing a series of exploration and development milestones in a four-stage Farm-in over six years.
********
SO, that 70% does NOT cover the Blackhills and Paterson range East projects! They are at an additional value, whatever that may be as outlined in the same RNS

*****RNS 12 March 2019******
During the Farm-in period, Newcrest will have a first right of refusal over the Black Hills (E45/4512) and Paterson Range East (E45/4928) licences. Additionally, during the Farm-in period and the term of the proposed Joint Venture, Newcrest will have a first right of refusal over those blocks within the Havieron licence (E45/4701) not included in the Tenement Blocks.
******

The way I read this is that NC have the right of first refusal DURING the Farm in Agreement. So, when they reach the end of stage 4.... they lose that right. We will see at the time but my guess is they will not lose that right unused!

So, by having invested the total of USD65 mln at the end of stage 4 to do all the drilling etc, NC have essentially paid for 70% of the current value (well, last night that is) of GGP, being 4.04 billon shares (fully diluted I am told) * gbp0.02 (last night SP)*1.32 (GBP/USD)*70% = USD74 mln.

That is the equivalent in ground value of 740,000 Oz (at USD100/Oz)!!!
Think about that upward potential.

Mindboggling.

MS

Mark, 190 posts in the last 30 days. All on VAST. Account started in Dec 2019 so just over 30 days old.
You obviously haven't been around this company long enough to have a balanced view on how things happen here. Go back to 2018 and do some research on what happened there with promises, funding, trucks ordered, million placings disappearing and so on and so on. All AP.
Maybe that will give you some perspective of how unscrupulously you are trying to suck Investor into your agenda here. Get a grip man.
MS

Apple, by my calculations we need about 72 mln Oz of gold at USD 100/Oz in ground to be taken out at 20* current SP.
That would be incredible but I doubt that is what we will get to at HAV. But who knows.... it could be 20 mln at USD 300/Oz!
MS

The key point being though, if this really was JB responding and it seems so as the phone number was advertised on the company websites, what on earth happened when the drill was booked...
MS

PG, I understand. However my expectations of how big this can be have always been high. Same as my expectations of what this SP could get up to.

I'm sorry to see this happening to SXX. Maybe it really was the only way forward.
I did approach CF in the last 6 months with a route to debt and equity finance but I could never get him to respond.
I guess he was just too busy (with AAL?) and I'm not one to beg to help someone out.
He's made his choice clearly.
Good luck all.
MS

Thanks PG,
That means you work off 12 Mon Oz...
150*150*pi*800*2.7/31*2.5...
Hope salpetie is correct ;-)
MS