Member Info for Mumbo_Jumbo

Buy it at 5p at some point

Assuming they don't announce another resource update. The floor being set at $85 million for 5% ....... how exactly will they raise over $1 billion to pay NCM for their 70%? and then project cost itself... you will all be diluted to death if this occurs.

let him run away with it so he can dilute everyone to death.... sound advice.

Imagine his foolish offer of $85 million had been accepted by NCM....

Dip - with respect, I do mean that as you take time to put all the transcripts from various meetings here.

The fact the none of the sacred cows reported Hydrogen with his almost demented rants for months at an end, but ready to appose anyone with an opposing view and in some cases reporting them. In the end, the result is that we are far closer to my hunch than anyone else had said 5 or 6 months back. You don’t need to be an expert, just a bit of common sense.

Manu - SD not personally invested?

It is clear NCM are betting on funding squeeze. SD needs to show his hand pretty soon.

The plan was to repay NCM and remove the charge from the asset. Does this charge have any material impact on terms of the debt funding going forward

With NCM electing not to opt to take the option and subsequently GGP not being able to clear this debt. This means NCM charge against GGP's share will remain. GGP may find it difficult or may not get favourable terms for debt funding from institutions, forcing it to raise funding via dilution. They will now have to start the process pronto.

Could this be the hand that Sandeep is playing to acquire GGP on the cheap?

What now for funding? Dilution or debt or mixture of both?

stevescott - MM could be playing Lord Allen too....

Still here Nolupus. Trading options in US here and there but mostly sitting on cash.

Be careful what you wish for... it might open up lot of Skeltons in the cupboard. This way he can reject any offer outright and not open up books for scrutiny....

Dip - as the card carrying branch davidian member, you have some nerve fella.

I was right in the end, compared to the so called experts on here.

Workout the implied mcap from this valuation.

Except that NCM owns 70% off that… moving to 75% if they choose to exercise it.

GGP is now worth 6p

They didn’t bother replying…

25% of billion dollar gold mine.

Exactly my point… ggp is worth 6p now!!

Jiffy - Maybe JPM were right after all to short this.

Gotta feel for the branch Davidians ….

4x4. There is no ambiguity now.