Member Info for notrader

Jiffy. Indeed. I have been looking at relative sizes of the relevant areas. The original acquisition announcement states the "Havieron Project covers 135 square kilometres". I have been looking for the equivalent size of the JV area within that (which was described in the Nov '20 JV update as 'Mining Lease 45/1287'), all I can find at the moment is the Department of Mines notice for Clearance Permit for this Lease, which cites 153ha. This seems so relatively small that it probable only relates to part of the lease. All other references I can find refer only to "12 blocks"

BOJO - I know which areas are 100% owned. What I am saying is that a (large) part of the Havieron tenement are also still 100% owned.

Daveri - you are wrong, unsurprisingly. GGP gained the rights to tenement 45/4701 in July '17. At the time, the entire tenement was described as the 'Haverion Project'. The original JV announcement stated that there were areas outside the JV but still within the 'Havieron Licence'.

It has just become common practice, though incorrect, to use Havieron to refer to the JV area.

Many thanks Jiffy. Looks like the 'Havieron' tenement is much bigger that I realised, but includes areas that I was already aware of, including Kraken, London, Blackbeard and Barbossa. Maps on GGP website at https://greatlandgold.com/projects/paterson/ show details, but at fairly small scale. Be interested to see more detail of area immediately adjacent to JV area - mineralisation areas within JV are expanding so regularly it makes me wonder if there will be direct 'bleed' into 100% GGP areas.

I asked this question earlier today. No reply so far - does nobody know, or am I on some kind of sh#t list to be ignored?

I have always been under the impression that the JV with NCM covers the whole of the Havieron tenement. However, I read a couple of comments from posters which led me to check.

In the original JV RNS, it states that "Newcrest has the right to acquire up to a 70% interest in 12 blocks within E45/4701 that cover the Havieron target" and "Newcrest will have a first right of refusal over those blocks within the Havieron licence (E45/4701) not included in the Tenement Blocks"

So this means that GGP still has 100% of the Havieron blocks outside the 12 in the JV.

Does anyone know how many blocks this involves, and where they are situated relative to the JV area? Are any in the 'NW corridor' which seems highly prospective?

Others may have understood this all along, but changes my perspective if the GGP blocks are in promising areas.

StarBright - A little calculation for you.

Persimmon was up just over 2% today. If was to rise by 2% a trading day over the next year it would be £289,434.

So what?

Theme of the day seems to be to suggest that NCM are untrustworthy, and looking to be underhand in their part of the deal.

At least it's creative.

Probably for Bamps or Paddy

I have always been under the impression that the JV with NCM covers the whole of the Havieron tenement. However, I read a couple of comments from posters which led me to check.

In the original JV RNS, it states that "Newcrest has the right to acquire up to a 70% interest in 12 blocks within E45/4701 that cover the Havieron target" and "Newcrest will have a first right of refusal over those blocks within the Havieron licence (E45/4701) not included in the Tenement Blocks"

So this means that GGP still has 100% of the Havieron blocks outside the 12 in the JV.

Does anyone know how many blocks this involves, and where they are situated relative to the JV area? Are any in the 'NW corridor' which seems highly prospective?

Others may have understood this all along, but changes my perspective if the GGP blocks are in promising areas.

Jiffy - yes, but that only proved that the holding under that name was 5.5m. There is no definitive evidence that it was a sale of shares that led to that difference. Others have suggested alternative scenarios. Regardless, there is no doubt in my mind that GH led GGP to a position where they could fulfill their potential.

Jiffy - don't want to get into an argument, but I would make a few points:

It has not been proved that GH sold 70m shares. There was extensive discussion here about it, but nobody could ever shown conclusive proof that he sold. Alternative suggestions that the shares were transferred were dismissed. The only factual source is the GGP register, and that is not accessible.

GGP are in the position they are now due to GH's stewardship. He was in charge when they decided to re-drill Hav, and took the company into the JV, and into a staggering rise in SP.

He also was willing to step aside to allow new management to take GGP to the next level. Again it was debated here ad nauseum, but I have never seen any evidence to prove that he was forced out. I don't think there was anyone within the company (which is what matters) with enough shareholding clout to dictate that.

If it wasn't for GH, GGP would not even exist today.

JB - but you were insistent that the charts indicated that the SP was headed to 12p, probably lower. I think that was only yesterday.

Absolutely not. And to borrow Sandgrounded theme - Imagine you are a minor gold explorer with little cash but some good prospects. You take your company, through inspired geophys analysis and high risk drilling, to a position where a major miner comes in and is willing to enter into a JV with you. The JV does not give away the jewels, but is staged in a way that if the projects is a success, the company's future is assured. Not only that but he is prepared to recognise his own limitations and step aside when a new stage is reached.

How are your charts looking JB?

So, even after the RNS giving GGP a clear path to future funding, and confirmation of NCM's commitment to the project, JB has not a single positive word to say. Instead he continues to paint the most negative picture he can come up with. Very interesting.

Tex - just about to post similar comment. Deafening silence from certain quarters after RNS issued. Doubt we'll get an apology, or even acknowledgement they were wrong - after all, the charts don't lie.

Rosso - again you are making assumptions not supported by facts. The JV allows NCM to get 5% of all of Haverion - not just the portion covered by the PFS or MRE2. It is understood by both GGP and NCM that the current resource estimates are a fraction of the total. Put a value on that if you can.

Thanks DH - barely saw my own post before thread was gone!

Bail - Would you give us your opinion on what the company could do, or should have done differently to prevent the falling share price?

Sanibel - didn't see your removed post, but if it was part of a thread then admins sometimes delete entire threads. It might be that you were collateral damage rather than the content of your post.

"Notrader, you are clearly misinformed and obviously in the same packet as H"

Misinformed about what? I didn't make a statement, was only asking a question.

Interesting you didn't say 'No'