Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Hi TT - He acknowledged the short during his Q&A session at the Town Hall meeting on Monday morning. He was asked the question by Donald and said he knew there was one short out on us, he felt it was probably linked to the 5% negotiations and he's looking forward to the day that they have to cover.
ATB - Paddy
@Doggy100 - it's a cracking piece of work TBF. As they say a picture paints a thousand words and some of those slides in that deck are outstanding and show how serious Shaun and the team are about taking Havieron all the way, even if NCM would like to tie it up completely.
He has my unreserved 100% backing - for what it's worth :-)
There is a link to download the latest presentation which Shaun has been using over the past couple of days.
https://static.lse.co.uk/files/220321-ggp-investor-presentation.pdf
Some cracking slides in their to really get your juices flowing - enjoy Paddy
NCM have already stated they will be producing an updated resource using drilling up until the 30th June and this will be announced in August with their annual report if I remember correctly.
One would then assume that the FS in the December quarter will use that updated MRE as it's basis??
GLA - Paddy
Hi everyone,
I have not been posting or reading much recently due to dealing with a family bereavement in Ireland last week. I’ve haven’t been in the mood for the usual “banter” on here.
I did meet Shaun with Bamps, Jerry et al and can only echo their sentiments entirely. I was highly impressed with his demeanour and both his passion and knowledge for the company and the project. He is definitely a far better performer in the flesh than in front of the camera and I would encourage everyone to take the next opportunity to meet him, whenever that occurs.
After he had finished the Q&A session (that Donald hogged) he came into his own whilst trying to have lunch. About 20/25 of us crowded round and he fielded all the questions with aplomb IMO. There were a couple of interesting snippets that I felt were worth mentioning.
I asked whether NCM had accepted the MRE2 seeing as they had issued a statement saying that they hadn’t reviewed it at that time. Shaun said they had been given a copy about 3 weeks before it was made public, and it was more important what they didn’t say rather than what they did. If they felt it was inaccurate then they would be duty bound to point that out.
I think “Magic” was discussing the geology of the Eastern breccia and the opportunities there and his words were “watch this space”. I pressed him on his comment in the Sunday Roast about base metal opportunities other than the copper and he just smiled.
All in all – I came away with a nice warm feeling that Shaun is the right man, in the right place, at the right time. He is dealing with legacy issues that are not of his making but again he stressed on multiple occasions that us shareholders should be confident that he has the team in place to extract the maximum value from this asset for all of us – I was greatly reassured.
ATB Paddy
We need people to hold tight to their shares for this to have the desired effect - if they give them up cheaply then the AP will happily collect enough to fulfil the order without any great effect.
Now more than ever it's important to trust in you research and investment - if the buying pressure is not satisfied at lower prices then they will have no option than to raise and this could pressure JPM into closing their position thus magnifying the raise - it's in our own hands folks.
GLA - Paddy
Wow - what a great RNS. I'm working nights so managed to read it quickly before heading for some sleep.
The results and grades just keep on coming and again Shaun has proved beyond any doubt that he is 100% his own man and while he may enjoy a good working relationship with NCM & Sandeep - he will not be beholden to NCM's schedules & timelines.
He's a very shrewd man who has put the team in place that can deliver reports & upgrades for the benefit of GGP shareholders, I'm extremely happy with progress.
Patience, patience, patience - ATB Paddy
He can achieve it easily enough schlemiel but he might not be in a position to put forward the requisite offer in the short term.
His big problem is the longer he leaves it the bigger that offer will need to be.
ATB Paddy
Podcast released today with Alan Green where they discuss GGP & Havieron amongst other things.
https://ukinvestormagazine.co.uk/nickel-battery-metals-and-greatland-gold-with-alan-green/
GLA - hoping for another set of "good" results tonight, is there any doubt??
ATB - Paddy
I'm inclined to agree with Starbright regarding those purchases looking like the style of the GDXJ, that's fine by me - still leaves JPM in the hole for roughly 20 million so all good.
The other point is, can you imagine the scramble for shares when we inevitably get admitted to the big brother GDX!!!!! I think the only criteria that we fail on is revenue from mining activity - that should be remedied in the not too distant future.
GLA, bring on those assays Sandeep....
The ESG report from GGP will make for interesting reading. I can see them looking to go to battery powered mining equipment and farms of solar panels and wind turbines out there in the desert.
Havieron could be the standard bearer for new mine development .
Hi all,
just logged on to have a quick look at the board - I can't believe there only 121 posts on here on a day when gold is challenging $2,000 and GGP is up over a penny with new drill results due in two day's time. It's a real reflection on how the sentiment here has been broken over the past 12-14 months but having said that sentiment can return just as quickly as it disappeared.
I don't know exactly when this is going to happen but I'm sure there's a lot of people sitting and waiting and when it starts to move it's going to go hard & fast.
GLA - whatever you strategy - Paddy
I think we are just getting warmed up here - everyone is pretty much cognisant of what we are sitting on here at Havieron.
Everything is lining up nicely now - commodity prices (copper / nickel) are at ATH's and showing no sign of stopping - the macro environment for PM's is as uber bullish as it could possibly be.
Added to that we have a share price that has been beaten down and suppressed for over 12 months and has a quantity of outstanding shorts that WILL have to be bought back at some point.
Added to that we have the prospect of more drill results from Havieron this week and looking forward 6 months the next instalment of the NCM MRE.
I'd say the ducks are well and truly lining up now - patience required but we have that in spades on this share.
ATB - Paddy
Just did a couple of tweets this morning to show where HAD104 lies in relation to the SE crescent and the current inferred MRE Shell in the Eastern Breccia. Sometimes it is hard to envisage where these holes lie in relation to each other unless you are used to looking at images in both plan & elevation and putting them together.
https://twitter.com/paddygall1/status/1500429789030760449?s=20&t=bG97GEhvQsK2OiaFc2z3Og
As I said in the tweet it's pretty obvious to me that HAD104 is not going to be a hole in isolation and will eventually prove to be the first in a series of holes that will link the high grade SE crescent to the Eastern Breccia along the N/S dolerite dyke and probably at similar grades to the SE crescent.
What remains to be seen is if these grades continue up the Eastern Breccia along the N/W trending diorite dyke...
The other beauty is you can see the proximity of the decline development in the SE crescent to HAD104 and the Eastern Breccia MRE shell - this is what Shaun is referring to when he says future development can be leveraged off the existing infrastructure which will be entirely paid for from the starter mine. There would be minimal costs associated with extending the mine development to exploit these new areas as they start to be delineated and we will be able to finance all this development from our FCF at that time.
People we are literally sitting on a gold (and copper) mine - all you need to do is "NOTHING" IMO.
GLA - Paddy
Here's a link to my Twitter post which has the Canaccord Flash Note that was issued on the 3rd of March
https://twitter.com/paddygall1/status/1500140538447777801?s=20&t=__5Y3hgMwRA_cFkDZObvJQ
GLA - Paddy
Hi Tig - I hope you are keeping well. I will be doing my utmost to attend the next gig......
I'm pretty sure that Shaun stated in an interview before Christmas that as Havieron was such a large part of the GGP portfolio that the bod would put any buyout offer for Havieron only to a shareholder vote in the same way that a full takeover of the company would be.
Maybe somebody can remember exactly which interview or Q&A session that was in but I'm almost 100% certain that he stated this fact.
ATB - Paddy
Hi TT - just logged on and posted and I agree with your perspective.
Lol - I just had a look at the ADVFN board and our old mate sicilian_kan has posted on there, we must be due a nice rise any day when he is back trolling the GGP boards. Let's see if he starts up again on here - although Bamps would soon dispatch him nowadays.
ATB - looking forward and not back folks - Paddy
Regardless of who has been in cohorts (if any of this is true - I'm still not convinced) then nobody is swallowing up GGP without the say so of the shareholders. At the end of the day if the offer is not good enough (provided that it comes) then Shaun and bod will NOT be recommending it and the majority of well-informed shareholders will NOT be accepting it.
I fully accept that NCM will be itching to get 100% of Havieron - what major in their right mind wouldn't - but they or whoever swallows them up will need to dig deep and pay whatever we deem to be an acceptable price.
I will be gutted if that happens but let's see what transpires in the coming weeks & months - it's not going to be boring one way or the other. Looking forward to hearing the details of Shaun's visit.
GLA - Paddy
Copper is now at an ATH and NIckel is up almost 10% today.
Remember Shaun's comment about base metal opportunities at Havieron in his Sunday Roast podcast - lots more to be revealed at Havieron in the coming months.
Guys - give it a rest. For months & months you were all telling us that there were not shorters and there was no mechanism for people to short an AIM stock anyway.
All that has been proven to be incorrect - now do you seriously think it is PI's trading 100's of K's of shares to make a few quid here or there or is it manipulative pressure to supress the SP??
Anyway - most people on here are investors who are patiently waiting for the games to finish and regardless of the intraday moves over the coming weeks & months they will be standing firm and waiting for their little slice of history as Chippy would put it.
ATB - Paddy