Member Info for MrEMC2

By the way - Shaun was asked for his vision on the company in 5 years time - I'm not sure that I can summerise his thoughts (it was a long answer) but it did not include any take over of GGP.

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 would add to James' comments saying a big thank you to Shaun for answering questions for two and half hours. Great to touch base with many PIs.

GDXJ bought millions of shares - moved the price up around 7p overnight - ah 7p on 10p = 17p (where have I seen that figure recently)!

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)

Tiggerman - it's a site for issuing ticket for various events. We got tickets from them for the previous Town Hall meeting with SD. Tickets are free; already printed out mine. Mremc

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

Bottle where has your 10:58 message gone? Hope we don't miss your link which is likely to be deleted as soon as it is spotted?

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."

How are we understand the meaning of the following wording?

"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."

'potential joint venture with Greatland Gold' maybe or may be not with GGP?

TT we can't get away from the 5% even with different subject headings ha ha! ATB Mremc

Ritorno plc status is 'Active' at Companies House. Full accounts 30 June 2021 can be views here:

https://find-and-update.company-information.service.gov.uk/company/11752652

2.526bn shares (value £5.471m?) at 1 July 2021. Shares not listed on a stock exchange. Can be traded matched bargain over the counter at J P Jenkins. (no trades for a year; last one was mid price 0.70p)

Investments:

Ultimate Fan Enertainment plc (trading as Low 6 ) £657,458 invested; shareholding 37,285 ; value £1,247,556

(Mesh Holdings) now All Active Asset Capital (AAA) shareholding 1,405,000 (0.57%)

Not what had been expected (so far today). Perhaps a little more thrust is needed to get the rocket off the ground and into orbit. However, the fuel boys and control can't agree on the calculations. Never mind the spectators are very astute and know what to expect. They have high power binoculars watching and interpreting every detail and movement.

Launch may be slightly delayed (but not aborted) because of the weight of gold on board. Control are assessing the distribution of the cargo and once that is sorted launch should proceed at pace. Destination unchanged but subject to course changes to take account of new discoveries are made on the way.

........|
......./.\
..... /__\
.....|===|
.....|..G..|
.....|..G..|
.....|..P..|
.....|......|
.....|......|
.....|......|
.....|......|
.....|......|
.....|......|
..../|#||#|\
.../.|#||#|.\
../..|#||#|..\
..|../^||^\..|
..|./.^||^.\.|
..|/..^||^..\|
.....(VVV)
......(VV)
.......(V)
........*l*
.......( * )
...( 1000%)

From Dip's notes :

"Potentially closer to the end than the beginning of the 5% option exercise with Newcrest and expectations are it might be concluded prior to the Feasibility Study which is due from Oct to Dec 2022"

Looks to me that we are likely to be discussing the issue for a good deal longer so brace yourself TT