Hi Bamps, good to meet you and the others at your table. I understand that very many PIs, their relatives and friends first bought into GGP in the 20 - 30p. Would like to see messages from the people at your table based on what Shawn said in addressing concern about the share price and the future so they too can take some positivety from the discussions with Shaun. Thanks EMC2
Lots of questions and responses about the 5%. The final thing I took away on that issue was that Shaun thinks that the 5% deal and debt financing should be sufficient to meet our $123m capex contribution.
Excellent performance and genuine guy - great to have him as our CEO and looking out for PIs. Even better at Town Hall meeting and lunch.
Let's not get carried away about the 5% - just need to get passed it with a settlement and then ownwards to more drilling.
Great we have plenty of dosh!
Operational and financial review
REVIEW OF INTERIM RESULTS
• Net loss after tax of £3,588,686;
• Operating cash outflow of £4,027,264;
• Net assets of £12,239,930, with cash of £14,286,415 as at 31 December 2021
Mine development for Havieron continued with expenditure of £5,713,854 capitalised for the six months ended 31
December 2021.
The Group’s exploration and evaluation expenses was £1,793,379, which included both 100% owned tenements and
drilling to test geophysical targets outside of the known Havieron system at Havieron North, and Zipa as part of the Havieron
Joint Venture. In accordance with the Group’s accounting policy, exploration and evaluation expenditure for areas of
interest not yet considered to be commercially viable are expensed as incurred.
In addition the Juri Joint Venture’s exploration activities continued during the period, which were fully funded by Newcrest
Mining Limited under the Juri Farm-In and Joint Venture Agreement.
From RNS 21 March 2022
"Subsequent to the period end, on 2 March 2022 both parties agreed to some minor modifications to the option process which included increasing the valuation range noted above from 10% to 20%".
"As at the date of this report, both parties continue to have discussions regarding the acquisition of the additional 5% interest in the Havieron Joint Venture".
https://www.proactiveinvestors.co.uk/companies/news/925125/greatland-gold-s-havieron--on-the-path-to-becoming-a-tier-one-gold-asset--says-peter-o-connor-925125.html
at 20 July 2020 : 300,000 x 15 = 4.5m oz (share price range 12 - 14p)
3 March 2022 MRE2 : 5.5m oz (share price range 12 -14p)
I'm going and the question I would like to ask is:
LSE poster Bamps21 can't make it today but his prediction for a foreseeable GGP share price of £4.32p - on a scale between 90% and 100% how accurate would you judge his prediction to be?
In case you missed it here is a copy of PaddyGall post which received 130 recommendations. I hope he does not mind me reposting.
RE: GDXJ - Latest Rebalance (Sat 12 Mar 10:00)
We need people to hold tight to their shares for this to have the desired effect - if they give them up cheaply then the AP will happily collect enough to fulfil the order without any great effect.
Now more than ever it's important to trust in you research and investment - if the buying pressure is not satisfied at lower prices then they will have no option than to raise and this could pressure JPM into closing their position thus magnifying the raise - it's in our own hands folks.
GLA - Paddy