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Kevin the MD and existing chair are of course paid well as one would expect.
The new board members are not paid handsomely and won’t get rewarded handsomely until they reach a higher SP level for us and for themselves via options that bring monies into the company coffers also.
That was my point. They win. We win.
We will all have reflected overnight, ( at lease those of us on here that are actually invested !!) on yesterdays events .
The fundamentals are stronger than ever and the foundation iron clad with expertise in place , a savvy leader with ambition at the helm and opportunities potentially all over the Paterson where GGP as it is now appear to be accumulating. Elephant country.
We wouldn’t have got here without Callum and Gervaise but we would have gone no further without a more experienced team imho , and with ambition comes risk and reward and often a combination of the two. Hence the rollercoaster.
Whoever said Rome wasn’t built in a day was right. But remember the ‘risk’ is yours to take or not. Just decide and then then wait for next steps which are imminent.
No one said it would be easy. That’s risk for you. But I still believe there’s a bigger reason awaiting us and of course we all want it to be positive for pi’s as well as instos.
SD is over soon. I expect it to be an interesting event !
GLA!
Shun gets to take up his options at 25 p
The circle of steel heavy hitters are not recommended at all highly in salary terms as confirmed by Shaun on meeting him.
Their options kick in at 11.8 pence per share and if they take them up from memory that would also bring some £ or $28 m ( I forget which ) into GGP s coffers.
In other words they have to bring in business and a value proposition to earn any kind of decent crust out of us.
So there’s a reason they’re here and I’m counting on it being a big one !
Not sure what exactly yet until the details of where we stand with newmont becomes public.
But I’m keenly watching this space!
They are not here for mere peanuts or boredom. You can be sure of that !
Therein lies both a question and a potential answer Intraday.....ie why indeed has he gone to the touble of assembling a world-class team around him if only for 30% of one asset that is known to be worth something, etc etc?
Future plans I should think!
GLA
Red if we don't make it into NEM's top 10 I should think SD would jump for joy 'cos it's definitely featured in 'his' top 10 and you want something badly enough you make it work for you ! (and us SH!)
IMHO Only
GLA!
Bamps I agree.
I imagine it will between 8-10 m oz and at that a good indicator of Havs potential and ultimate volume.
Small ish relatively ,but in our personal favour in a beautiful compact vertical orebody /s and of high value in the main gold and copper ( and the rest !) content and grade - wise.
ATB
Win win win !
Ducks ducks ducks!
Was there ever a company tale that ever got so interesting or exciting in your portfolio ? Hard to imagine what the webbed feet behind the scenes are scrambling to bring about in this wide open scenario !
I’m grateful it’s Shaun Day and his super team and now along with a hotshot M& A and listings expert lawyer !
Literally anything is possible. We watch and wait !
GLA!
Good Morning and thanks for the article and extract both !
I’m sure we will hear soon of an agreement between the two titans here as it does appear with extended talks that a deal is imminent imho.
The ‘interesting to us ‘bit is this in my view , should Shaun gets his way going forwards, is this :
‘Gold miners worldwide are facing the prospect of stagnating production, harder-to-mine deposits and rising input costs. Such industry challenges are seen as a catalyst for more mergers and acquisitions, as companies seek to increase size to boost production and improve efficiencies through economies of scale. ‘
SD made it clear in recent times that tho economies of scale are of course important to increased efficiencies for large operators such as NCM etc ; that a small operator with far less overheads fixed and variable but with massive concentrated expertise ( wonder who he means ?! ) , would cut costs of production very significantly as costs would be stripped right down !this maximising time , economies of stripped costs etc.
I liked the sound of that but now all depends on incoming outcomes of the bigger deal and what falls out of it , if anything.
Interesting period we’re about to enter. All is crossed for outcomes to our future benefit.
As an aside The recent drop post uplift is disappointing and it’s stop start stop start which is very frustrating. One can but hope that all the background work that the newly assembled super team have to be aiming for ( otherwise what was the point of them !) is simmering away with webbed feet a paddling !!)
GLA !
I’ll take 9 p over 7 p :-)
IMHO I’d be happy with a penny increase each month to first iORE extraction next spring taking us to c 24 p then ,boom , a propelling catalyst to lift us over all time highs and beyond with a capital flow.
Or alternatively I’d take a very substantial offer now if proffered and cut out the wait !
Either way I hope to get beyond the ATH in due course and certainly over 9p! Over 16.31p and well beyond. We have gold copper moly and more. If we add value to global resource deficiencies we will add value to the share price by default !
SD & the board want it and need it as much as we do. One way or the other it’s not going to stop moving positively if they have anything to do with it.
I remain invested because of these reasons .
GLA !
For anyone who follows or wants more info on current gold sentiments by Sprott:
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