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Good Proactive backup interview. Watch it.SD confirms that the banks needed the equity raise to offer debt (in not such blatant but very obvious wordage)!
As we suspected albeit in a depressed market and as he says, macro wise, ''choppy waters'' medium to longterm folks. Medium to longterm.
This was a necessary reactive move to the 5% it seems and we needed funding in any event.
SD is the man for the job. Hold fire. AIMHO

Have to say JohnBull I do agree with that bit !

Hi Sand
Yes agreed. I absolutely feel the pain, along with all of us, re the crappy slappy SP.It sucks, no doubt at all and leaves us all in despair, not only because it seems unjustified, but also because it lays the company open to all the FUD and knocks form all quarters we are experiencing and frightens a fair few.
I have not been immune to the pain as this is now not that much over the threshold of my own average buy in, as though I bought at a penny initially, I have added all the way along and so averaged up considerably from that penny. So the paper losses are huge to e personally and shocking and disconcerting, without a doubt.

However, this has fundamentally such a fabulous longterm prospect that I and others would kick themselves and not find another prospect so valuable IMO of course, but I see why and how those of us who waiver at times, struggle with the low value currently placed on us.
I just keep repeating Warren Buffets mantras. If the fundamentals are there and you have researched and like the product and the sums add up, hold hold hold!!

And I love gold!

ATB
Panama

Sorry to harp on but to put an end to the endless 5% discussions on here as being suspect or worrying to some....from the horses mouth ie SD he confirms his offer to NCM of 85m for the 5% STILL presented a fantastic value for us shareholders medium to longterm. In which case the final outcome of us retaining it at the 60m level and not having to stump up anything upfront but just keep our own bit of the crown jewels is stupendous news!

Win win...bring on the lucre our bit of the developing and extracting , and we're in the money! More of it!

The End....

And these words were also reassuring, even though we knew it...
'“With excellent progress at Havieron continuing and the publication of the feasibility study on track for the December 2022 quarter, we are confident that Havieron represents a world-class, low-cost development expected to be fast-tracked to commercial production.”

The clues are in the words. Medium to longterm.

Patience patience patience! Even for me!! lol

Great article thanks Xev.
'We have been told this already but the key words are medium to long term value to us all as below in this extract:
The Board is delighted that Greatland will retain 30% ownership in the company's flagship asset and believes this outcome delivers substantial medium to long term value to Greatland. Greatland had previously made a non-binding offer to Newcrest to acquire for US$85 million a 5% stake in Havieron which, in the opinion of the directors, still presented a financially compelling outcome to Greatland shareholders.

This outcome concludes the JV process for Newcrest's 5% option. Havieron still has significant growth potential as the ongoing drill campaign consistently delivers excellent results that enhance the JV partners' understanding of the size and scale of Havieron.'

Let's face it...there's good news now and on the horizon, due to SD hanging onto the much prized 5%. Hallelujah ! Plus him almost certainly planning ahead as he has intimated on many occasions to fund us somehow through the debt challenge.

On the not so clarified side, we are all awaiting with bated breath, how he does it. (Hopefully and I think to our advantage and relief as majority SH ) and with another feather in his ever growing cap!

However, I can understand why there is so much uncertainty and so much doubt on many sides here as is evidenced by all the posts. We do not know as yet what is definitely in store and how but will feel much more at ease when we do. So come on Shaun, the sooner the better please! I have oodles of faith in you, and I believe not misplaced faith, but get it done soonest to stop this FUD.

I admit I was one of the take -out believers because it appeared to me that NCM were en route to this, but I'm now perhaps thinking it is a 4-5 year patient wait for the real spoils if indeed we are going mining. It appears this is what SD wants to do to make his name, and let's face it...we won't get our £1 plus unless he does! So it's the waiting and watching game. I think SD will slowly tick off the remaining boxes bit by bit until we can all rest more easily and that will take patience and belief and support for his strategies.

I am in his camp!
GLA
Panama

Think he was being ironic :-)

IMHO

Yup pretty sure SD cannot buy currently due to actions in place to bring new developments to light.
A good thing no doubt. Let's watch and wait....

MattyBoy we need Scally to strike!

Agree with Jerry S and others on here who believe that SD has something up his sleeve funding wise.
He has talked fairly often of late about term sheets on his desk in preparation for ...well pretty much every eventuality as we now know Shaun, and I for one believe in his ability to be a good adversary for any twists in this remarkable tale!

I think NCM as I have pointedly remarked upon, are playing their own game for their own SH but not particularly very well it seems. SD is one step ahead even when apparently blindsided. I believe he prepares, like most money men, for every eventuality and debt funding is his middle name.

It is definitely a leap of faith to believe this new CEO can move mountains against giants of industry , such as NCM but in this case I believe he can.
My hard earned is staying put and we stand together in favor and faith in Shaun. Well said Jerry and others who are reading it so diligently.

I saw a post yesterday that questioned why the SP was still languishing a tad the day before a possible big announcement re Hav from NCM. I agreed internally that there was something missing from our volumes yesterday, as this was not just drill results but potentially the 5% and the updated MRE2.
I 100% am aware of some of my greatest friends on here disagreeing with me that something doesn't smell right, and to me it still doesn't.

Whatever spin we might put on it, and I agree it's great to keep the 5% for sure...I am still slightly taken aback that NCM didn't take it. It could be lack of available funds after all their own SH griping plus other projects plus they already have 75% etc etc.
However, SB is a savvy and ruthless operator. If I were him I'd have snapped SD's hand off, because he wants to show his punters the money and surely in time, that would give NCM even more.

Maybe it is simply timing and they already have an almighty piece of us.
Now it is really up to SD to show his expertise in raising funds and overcoming any short and longer term challenges re monies for loans , further explanation and mining.
A valued poster and investor here last night said that he would be interested to see what hat trick SD might soon pull out of his bag for us, as he has recently. I too await that with great interest!

Perplexed of Panama!

Have to say I’m pretty stunned !
Let’s hope that our main man SD has a plan !
Not particularly looking forward to the markets reaction tomorrow tho
GLA

GH sold out at 22p if my memory serves me right?

And yes Bamps. Fab to see you too and yes … I’ve never had a Freddo so I’m keen to try one !

For those of you with a sense of humour plus the ability to Work out what Shaun Day means when he says we’re at 20 m oz according to the maths … good on you for your insight & foresight and hold onto to your golden tickets.

For the goldfish amongst you ( with no teeth in this case clearly :-)) maybe buy a few golden tickets and you’ll feel less left out ! Lol.

GLA and all the best to the real investors .
Panama

I get the feeling there is a bit too much doom n gloom around here and having posted this on the other site; maybe we need reasons to be cheerful here too?! Anyway, in case any of the naysayers need a reminder of why we are here?

Why Buy The Tale Herein Lies

So why buy this golden prize?
The answer then herein lies !
Our major find with it's body of ore.
Is the jewel in our crown
But wait...there's more......

Now 'look' Shaun Day our CEO,
Won't sleep or rest..is always on the go,
To buy & dig in tenements galore
He'll find golden nuggets in more & more!

Ernest Giles, Warrantina, & Scallywag,
A strike in these & we've got it in the bag!
Then there's Bromus, Rudall & Panorama
A hit in these will add to the drama!

With shorters 'n trolls who persistently deride,
With Viking & Red they consistently collide!
Over 18 months it's been a bumpy ride!
But actions are in place to stop the slide!

Research from Paddy, Hydro, Bamps & Jerry,
Millionaires in the making we'll soon be making merry!
So buy buy buy for your golden prize
The answer to your question herein lies!

Zeros. We cross posted. But agreed in principle. We’re saying the same thing exactly.