Member Info for MrEMC2

and page 29 recovery assumptions for Havieron gold 88% copper 84% (Shaun's presentation states 86% and 80% respectively) so even better rates quoted by NCM!

The exercise price is 11.9p (execise period up to to 31 August 2026) ie they buy the options at 11.9p

8.2p is illustrative that they were being vested at a 46 per cent premium (to the five-day volume weighted average share price to 9 September 2022)

If all the options are taken up the company get gross proceeds c.£23m

Generally options are excercised when there is a profit for the receipient - taking account of dealing costs and tax in this case that would be a lot higher price than 11.9p

100m x 11.9p = £11.9m to buy
100m x 23.9p = £23.9m to sell
23.9 - 11.9 = c. £12m profit (ie 100%)

However, as Shaun said these top calibre directors would be working for big returns. I think that means multiples of their 'investments' ie a higher price than 23.9p when exercising their options before 31 August 2026

"Another one 27k followers"

This what this guy said about GGP a couple of months ago

https://www.youtube.com/watch?v=KnB5nDCmalU

Check out what he says from 2:20 onwards ha ha!

Hi Coach, we have heard Shaun talking about 40 - 50% possible increases on the share price from 8p linked with the fund raising - from that 37p seems is a long way off. You seemed pretty convinced in August 2022 that we will surpass 37p adjusting timescales. If the timescale is many more years that's a long wait for some of us to enjoy some profits. I know that you don't post very often but can you add anything else to help the cause? ATB Mremc

Hi Coach, we have heard Shaun talking about 40 - 50% possible increases on the share price from 8p linked with the fund raising - from that 37p seems is a long way off. You seemed pretty convinced in August 2022 that we will surpass 37p adjusting timescales. If the timescale is many more years that's a long wait some of us to enjoy some profits. I know that you don't post very often but can you add anything else of to help the cause? ATB Mremc

Hi Tymers - I recall that on this thread in April 2022 you called out LTH for selling down their holdings. Today 16:31 under the Voting thread you state you have 2m shares (and had 4m in April) . Have you 50% of your holding?

My 3 posts from 22 April 2022

"Tymers 3 4" [first snapshot 3m shares and second snapshot 4m declaring you had added]

"As I said before declared total May 2020 £410m total Apr £525.9m but agree some holders have been selling"

"Tymers - looking closer at the figures although some big holders have not declared at both snapshot points, data seems to support you statement..."

Tymers' statement: "Some of our holders are obviously selling hmmmm"

Total votes cast at the last AGM was 726,107,498 (RNS 14 Dec 2021) . I think there may be a higher vote at the GM . There are 4,572,408,501 eligible votes

Consolidation: probably 10 for 1 but not in a hurry and would prefer to do on a rising share price

Note the three years cycle/ timescale he talked about is from February 2021 so still on track for 2024

liked s/b linked

I waited to hear what Shaun had to say about dilution and resolutions 3-5.

a. Categorically stated that Res 1-2 are not liked to 3-5 ;

I think almost everyone understands that voting yes to 1-2 is essential

b. Said 3-5 are standard resolutions and good practice to refresh such resolutions at every general meeting and they will also be tabled at the AGM

On dilution, all the dilution since he has been in charge has been essential to keep the company going.

I have now decided to vote in favour of all five resolutions

Don't forget the Lithium, and other REMs??????????

GGP is my once in a lifetime investment.

My personal shareholding has dropped since 2019 only because I have gifted shares to my family which they still hold.

The gold is still there and the reserves at Haveiron are constantly being upgraded.

The past is done - the investments have been made; let's see where the share price and the gold price are in 2024. The very best of good luck all holders. Mremc2

Now I think I understand how if dilution is accretive it could be beneficial (if I have my calculations correct)

From RNSs I estimate there were 3,228,120,145 shares when I bought my shareholding 2018/2019; there are now 4,572,408,501 shares and it could increase to 6.2bn after voting at GM. Setting aside the share price for a moment a constant number of shares:

dilution for me so far is 4,572 - 3,228 = 1,344 / 3228 = 42%
Future dilution 6,200 - 3,228 = 2,972 / 3228 = 92%

If the share price had not risen from my breakeven price dilution for every £1,000 originally invested could have diluted me to £580 (42% dilution) and value of £80 (92% dilution) over that period.

However, the share price has risen from 1.7p to 7.80p so that past dilution has been accretive and beneficial.

£1,000 of shares at 1.7p = 58,823 shares then ; now 58,823 at 7.80p valued at £4,588

Of course when it comes to dividends dilution would mean that my portion of the pie become smaller the more shares there are.

I suppose it mostly depends on your breakeven price and whether you consider the share price is likely to rise above it (hopefully by multiples) with future dilution.

This post is probably not much help to those who first bought at much higher share prices or with higher breakeven than 7.80p

Still I will wait to hear what Shaun says about future dilution.

Re £1.44 can there be a correlation between the Fibonacci sequence with the Lassonde Curve's two waves?

The Fibonacci sequence of numbers is as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc.
For unknown reasons, these Fibonacci ratios seem to play a role in the stock market, just as they do in nature.

Lassonde Curve : in recent history GGP share price has gone from 0.5p to +34p and back down to 8p forming the first wave. Hopefully the second wave will go from 8p to +£1.44p but in a much shorter timescale. GLA

Blade1889, It is complicated and I am not an expert but basically the short answer to your questions 'if I don't vote' is as follows:

'Not with the Chairman' if you are the legal owner of the shares ie have a share certificate and your name appears on the Register of Shareholders ie vote not counted;

'Maybe with the Chairman' if your shares are held in a nominee account eg ISA. If you don't tell your broker of your voting preferences it leaves it open to them to decide how to vote the shares.

The Chairman still needs to be told the voting preferences for the shares he casts as a Proxy; For, Against or Withheld for each resolution.

Hope that helps.

Another question for Shaun - Do we get to vote a second time on Res 3 at the AGM? (If the AGM is still in December 2022).

Res 3 states:
"The authority referred to in this resolution shall be in substitution for all other existing authorities, and
shall expire (unless previously renewed, varied or revoked by the Company in general meeting) at
the earlier of the next Annual General Meeting of the Company and the date falling 15 months
following the date of the General Meeting being convened by this Notice."

[First question : What are the benefits for voting for Resolutions 3-5 given the implied dilution? ]

The total number of voting rights in the Company will be 4,572,408,501 RNS 25 August 2022

Will be interesting to see how many votes are cast for resolutions 3-5

Antigua to be fair I did not complain when the dilution was taking place on a rising share price from 0.5p

I am wondering why Shaun is coming to London? It can't be to explain the resolutions - GGP have already done that and I can't see PIs out-voting IIs on these issues. It great that he is willing to meet investors and answer questions. However, his past visits augured behind the scenes business. More good news on the way?

Antigua you are correct, there was push back in 2021 see RNS 29 March 2021 but resolutions were later passed with 98% of votes cast RNS 22 April 2021.

But of course it is still compound dilution for anyone not able to increase their shareholding with or without the disapplication of pre-emption rights in relation to allotments of shares. The counter argument is that a future higher share price will make up for the dilution. We shall see by 2024!

Jerry thanks I will wait to hear what Shaun says on the matter.