focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
@Canary page 8 of the report - heading 'Modifying factors - states "Consequently, including potential debt, we see the funding as eminently doable, and not overally dilutive at the current share price, if at all, hence we dilute for options but not further equity."
Hi SMTP , It was not a question about his travel plans. I was responding to Spoon' message Fri 19:31. His question was about what was Shaun's purpose in London and did we find out the answer at the Town Hall meeting in the evening. Mremc
Hi Zoros, Thanks. I don't recall hearing that point about the second decline (I may have been in the queue for refreshments - food or drinks?) but I did hear Shaun addressing second decline options when he was talking to everyone in front of the meeting room. I agree that Shaun said in the past that any offers would need to be good - but did he mean for the whole of GGP or just Haverion because he also said last night perhaps we could go it alone on one of our 100% tenements.
Does GGP need to offer anything other than being a good junior partner? We understand that currently NCM shareholders want bigger dividends rather than buying more assets, however, NCM want the 5% so no doubt they will want the final 25% too. So many known unknowns - what if we find another even half sized 'Haverion'? Cheers Mremc
Shaun did not say a cash raise would be used for more exploration. He said his top priority is Havieron. First any cash raise would be used to ensure that GGP did not delay the joint venture through lack of funding on our part (or even if the opportunity arose to help accelerate development of Havieron); secondly to bring in more IIs. He was pressed to include PIs in any fund raising and he said he would try to do that. I think he agreed that there would not be any need to issue warrants with such a cash raise (someone correct me if I got that part wrong).
I wonder if Shaun will offer up another one of his plus 50% increase extrapolations?
Let me see; uh, um,
Havieron + 50% of 20 million oz ? ....... no too soon
update on 5% valuation, +50% of £25m ? ....... no too low
update on GGP MR2, +50% of 6.5m oz ? .......... would be very nice
Sprott price target 17p (diluted for options). This is down to earth news. I was really hoping that we would have surpassed the previous peak on the Lassonde curve in 2024 !
Have been telling my adult children their rewards would be gained in 2024 but not so sure now as their averages are in the mid 20p. My granddaughter is 7 years old - time is on her side.
Time may not be on my side so got to strike it big on another tenement soon or the only way I'll see £1.44p would be via a 1 for 10 share consolidation!
If we really start on the path to 17p after Thursday I will begin to feel a lot happier. GLA
@SAS with due respect I am going to have a moan but using this subject heading.
"..........going to go to the moon without any pull-backs along the way. " 38p to under 10p is a bit more than a pull back, a drop of 74%, more like an effing disaster for many PIs with small or modest holdings.
That's only part of my moan. First, we learn that Gervaise sold his shares and now apparently Callum's personal holding has dropped from 113m shares (June 2021) to 85m (May 2022). Wish I had the foresight to lower my holding by 25% with a huge profit. So the two principal founders have done very well but them's the breaks for unsophisticated PIs and other LTH!!
To be able to top up or average down at these very low levels of the share price may not be an option available to many hundreds/ thousands of PIs sitting on a real or huge paper loss. Time after time there has been good news from the drilling results; now Shaun's saying there is probably 20m oz underground; yet look at the share price chart from January 2020. Is that showing just a pull back?
Anyway let's see what Shaun says next Thursday (14th July).
GLA Mremc (LTH from Dec 2017 and not sold down holding)
JoeBloggs - nothing to do with delusional & dangerous. If the first drilling results from Scallywag had been spectacular I have no doubt the share price would have continued to rise and that we would not be anywhere near 10-12p today. No, you stated as a fact that nothing said on here affects the sp. Clearly in your own words ramping did affect the share price. Maybe I am being pedantic in picking on the phrasing - bit like challenging spelling mistakes! A bit of banter?? I agree that powerful forces have wreaked havoc with the GGP share price but not normal 'market forces'. Come on, apart from the 5% issue (and GH selling) what bad news has there been in RNSs to justify +68% drop in the share price? In fact there has been nothing but good drilling results for GGP over that timescale. Going forward yes I have concerns about a foreseeable recession and its affect on the market in general but come 2024 or earlier rewards from the GGP share price.
"but remember NOTHING you say affects the SP" I can't agree with that statement. What took the share price up to 37p? It was what people were stating on this board and elsewhere; mixture or facts, research, debates (and some ramping).
Gosh a lot of work has been put into creating GGPChat - well done Liam and the development team.
I've joined the new GGP forum but as I also read other boards on LSE I will be staying here too. GLA wherever you chat/ read about GGP Mremc
Thanks. Now looks to me like poor cut and paste for the new job advert and the repeat sentences including 'potential' are redundant! Mind you they can add the word 'exciting' as many times as they like.
"Operations near and far
The Havieron Project is the primary target of the Newcrest-operated joint venture with Greatland Gold and forms a key focus of Newcrest’s growth strategy in the Paterson Province. The Project is located in Western Australia, approximately 45km east of Newcrest’s 100%-owned Telfer mine.
The Havieron team, work in a highly collaborative environment, with interaction with early development teams, mining studies, mining and exploration teams. Our exciting Havieron Project the primary target of the Newcrest-operated farm-in and potential joint venture with Greatland Gold and forms a key focus of Newcrest’s growth strategy. The Project is located in the Paterson Province, Western Australia, approximately 45km east of Newcrest’s 100%-owned Telfer mine."