Member Info for Naylor442

The beauty of this board notrader is that people don't need / want evidence...

5eights you'll be saying that Epstein is the main shareholder next with those sort of baseless comments !

"third party entities, dark pools, sundry accounts, off balance sheet entries etc"

I would be happy with 10x from here and take £500m :)

He is more than welcome to them if the share price is at 7.5p!!

Because Ben, GGP's market cap is underpinned by Havieron. Everything else is currently just an early life prospect.

Obviously Newcrest want the best deal for themselves, their Board have a fiduciary duty to their own shareholders just like GGP does. Yes they will want to a pay as low price as possible, but they also know about the independent valuation just as we do. Think people are forgetting that is in place to protect both parties.

Is anyone able to provide an update on Ortex and whether the 18m share purchase related to the number of shares out on loan?

They would work with NCM just like how GGP will. I am not sure what your point is.

If people are so worried about a low ball offer to buy out GGP, then surely one of the other majors will come in and offer higher than NCM, therefore not really something to worry about.

@Hydrogen I don't think you are correct, why would shareholder approval be required for an asset deal? There wasn't a shareholder vote on giving away the original 70% under the JV so why would there be for the remaining 30%.

Price spike to 19.90 briefly! Bit of excitement for a Monday morning.

RTC if they were all good old fashioned sales what would some people be able to post about on here ha!

If it is not fully deployed, I would assume it’s not that problematic for them given their is no position / a smaller position for them to close out?

Can you please disclose Hydrogen? It was only yesterday you had the ascribed value to Havieron by Scotia Bank out by a magnitude of 3x.

I think as a shareholder who wants to best possible price, yes it is a concern. That is just being a rational investor weighing up various outcomes. If had no concern whatsoever then that is just blind faith

My only concern is whether shareholders would have any say with regards to the sale of Havieron. If it was an offer from NCM for the entirety of GGP then it would of course be subject to shareholder approval, but given it would be an asset sale, I am not sure that would be the case?

Hi Canary,
The shareholding is split between the VanEck Junior Gold Miners ETF (205,429) and VanEck Vectors UCITS ETF (22,851).

Rosso your logic makes no sense. If it makes no sense for Newcrest to delay, surely they would move now instead of waiting for the revised MRE.

The only disease at the moment is ECR's Board. Their incompetence and lack of communication is alarming. They are overseeing such destruction in shareholder value by their inaction. We are in dire need of more support from them in order to steady the share price. Day in day out value decline is a direct result of their actions (or lack of) as opposed to the quality of our assets / company.

Any idea as to why the share price is declining so aggressively today? Is it driven purely by the security situation in Mali?