Member Info for MrEMC2

Jiffy that's clear thanks. I was not sure and even Jerry's post 'EGM' did not make it absolutely clear to me.

I understand the need for authorities like resolutions 3 - 5 and they are normally voted on annually at the AGM which for GGP is usually in December. By 'refreshing' them at the GM instead of the AGM made me wonder (a) whether they were necessary for the funding and (b) that even more dilution was on the way before the AGM.

Shaun himself said there were 'too many shares' and Chairman's letter states "The Directors have no current intention of exercising the authority under Resolutions 4 and 5". Jerry suggested "[they] would be renewed in early December". So why the rush? 'Prudent' is the reason given. Hmm!!!

Modest shareholders like myself can't afford to keep up with the dilutions by buying more shares so even more dilution accretive or otherwise is not welcome particularly at these low share prices.

I don't fully understand the interactions of the resolutions.

Question: DO RESOLUTIONS 3, 4 and 5 NEED TO BE PASSED AS WELL AS 1 & 2 FOR THE FUNDING TO GO AHEAD or can the funding go ahead with just 1 & 2 ?

Notes:

Nov 2021 placing 14.5p was before authorities renewed AGM Dec 2021

AGM 14 Dec 2021 Res 7, was passed giving authority to issue shares to nominal value £1,250,000 ie 1.2bn shares

Aug 2022 placing 8.2p was for around 353m shares (£353,000 nominal value?)

Chairman's letter 20 Sept 2022 (on GGP website) states " authorities taken at the 2021 AGM have been substantially utilised by the August placing and grant of options" - 'substantially' what does that mean? How much left over?

Other outstanding warrants and options from previous placement etc nominal value?

Resolution 3 for General Meeting seeks authority for another £1,650,800 nominal value ie nearly 1.7bn shares - are all these additional to the shares under Resolution 1 [£982,644.39 nominal value for shares and options ]?

Resolutions 1 & 2 authorities expire 31 Dec 2022 ??

I have not given my voting intention yet might be clarrification on 28th Sept - just about time after that to return form to Broker by 3 Oct.

The whole of AIM is a gamble; I temporarily lost sight of that fundemental adage. However, look at the research that Bamps and others share with us and if you also take a steer from Lassonde Curve then it is a good BET that GGP will serve up the another tranch of golden riches by 2024. GLA

Can't argue with a TR1,4 March 2019

https://www.investegate.co.uk/greatland-gold-plc--ggp-/rns/tr-1--notification-of-major-holdings/201903040700086713R/

Beetham said a number of times he was taking big bets in different companies and I understood that.

I admit where I went wrong, (hopefully corrected in the long term) was having all my GGP sell targets at £1.44p lol

@Stephen, shame you posted your GGP sale on the TLW board as I missed your message at the time:

16 Sept 2020 21:48
"Hey DJ ! Just sold the last of my 20M 2.5p warrant shares today at 24p plus over in GGP !"

Followed you from PMO into GGP at the time you bought 7% of this company and it gave me encouragement to buy most of my GGP shares at under 1p. Could have done with a heads up on the GGP board that you were out as maybe I too might have sold high and be in a position to buy back low!

Please, please buy back 7% of GGP as I would like a second chance to sell some above 24p .

Let's hope today is capitulation day and that tomorrow is a promising turning point.

They say 'Every Sunset Brings the Promise of a New Dawn'

................... I'm sure that I only put coffee in my cup this morning ............................

My wife asked if I wanted to go out for a horror movie. I said it was easier to stay in and watch the GGP share price!

What is a quick way to stop feeling lonely - join other PIs watching GGP share price fall !

LSE showing a 12% spread - are we opening up? Find out in 5 minutes.

Yes mine Havieron but is that with or without GGP - dropped "potential joint venture with GGP" .

Thanks intraday. I note Newcrest's description for 'Operations near and far' has changed since the previous job advert on 15th August. Only mentions GGP once now - Not sure if that is good or bad?

29th August
The Havieron Project has enjoyed exploration success over the past year and is rapidly approaching the delivery of an initial resource. The Havieron Project is the primary target of the Newcrest-operated earn-in with Greatland Gold and forms a key driver of Newcrest’s growth strategy. The Project is located in the Paterson Province, Western Australia, approximately 50km east of Newcrest’s 100%-owned Telfer mine.

15th August
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.

JPM yet to report that they have closed any of their GGP short :

row 106

http://www.fca.org.uk/your-fca/short-positions-daily-update

96dc2 not everyone I have just been forced to sell!! How I wish I did not have the chance to top up at 14p and 12p and again at 13p . However, now the deed it done it's a weight off my mind and I can pay off one loan.

Well would you believe it my sell actually shown as a sale!!

25-Aug-22 16:16:45 8.3788 9,721 Sell* 8.30 8.50 814.50

Forced into selling £800 worth near the end of the day. Worst trading in GGP shares ever!

This latest raise at 8.2p is yet another hammer blow to me but I will not sell out. Steeling myself for further drops in the share price to 4p.

Back on 12 January 2022 I said

“If we follow the Lassonde curve literally then the share price would fall to around 4p (ie about twice the level it was at the beginning of the discovery stage) before the second upward cycle starts to take effect”.

Just did not want to believe it for GGP given the forecast prospects but the shorts and world and national events have helped to blow us out of the water for 2022. I now believe that 4p is more of a probability than an remote possibility.

Nevertheless holding on for better times by 2024. GLA

Surely we can join the dots now - Shaun Day came to London to secure the option for funding the $85m offer etc and that is the reason he did not disclose the purpose of his most recent visit at the meeting with shareholders on 14th July 2022.

To Shaun Day. I am not on Twitter but I have read the comments replying to your tweet re 30%. You should know that its a big thumbs up and thank you from me and many other genuine shareholders. Mremc2

Hi Bamps , I hear what you say but I can't jump up and down as it is taking all my patience just sitting on my hands! ATB Mremc2

Big gambles paying off - first GH and CB drill deeper and now SD GGP MRE2. We are on a winning streak; what's next!

This is what Shaun said at the last meeting about funding:

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.

He avoided answering to the question about why he was in London [for two weeks]. He stated his preference for keeping 30% of Havieron. He made references to Term Sheets and 'banks you and I use' willing to provide funding.

I suspect he may have had an inkling back then that NCM were not going to take up the 5% and so it seems to me that funding will not be a problem even without the $60m for the 5%.