Member Info for poniexpress

We have seen it before. Just take a deep breath and wait.
The interactive share chart for GGP on HL Watchlists for 1 day (today) tells the story.
Raise price early because of demand and a small tree shake to test the water followed by a good upturn after buys to generate large sells followed by a larger tree shake to panic fairly recent higher price buyers into selling as well as taking out a lot of other stop losses.
Create further uncertainty by a likely further tree shake tomorrow morning and repeated in the next couple of days to get price down as low as possible prior to news to generate more sells.
Be ready to take advantage with meaningful top ups - We have what we have and its not going to disappear anywhere soon. Maybe some of the BIG Institutions will come in just before news from Newcrest and later from GGP. Hold for Gold. That must surely be the plan to see off the MMs.

A possible problem which I am not sure many holders know the answer to.
A couple of years ago asked HL if they were going to trade AUX stock in future and the reply was "We have no plans at this stage to do so" or words to that effect.
I got the impression it may be possible if there was future demand from investors.
I think every GGP shareholder should ask their broker to enter the AUX market as so many are now obviously invested in GGP and some may be interested in Newcrest as well should any deal of that type emerge.
But I also hope your question is clearly answered on this board as uncertainty definately exists among many.

Dont want Barrick nosing around. Look at them and their history on Wikipaedia for starters

Get In now for as much as you can comfortably afford. Don't go mad.
Its the long term which really counts but there is the real possibility of large short term gains at the moment which would possibly suit you.
My Feb 1st 2020 post re Takeover Talk (at that time) gives a slightly different take on the current Take Over Predictions and nothing's certain so don't be surprised by anything that happens. The fundamental is that this is still early stage with a way to run and there may be a lot more upturn to come.
I still personally favour a completion of the JV agreement between Newcrest and GGP but who knows.
We were at a price 3.25p then and only 2months (approx) later we are at 8.00p plus and that's with all the AIM insecurities thrown in. Surely the future is still bright and as always thanks to Tilburn (original) and PaddyGall for their knowlegable posts and many other posters as well as GH.

This is holding up really well and despite all the problems thrown at UKOG over the past months and we will be steaming ahead in the next year and beyond. I ignore the noise from the unbelievers who forecast doom and gloom, telling everyone to get out of this share- they will have a lot to answer for in the final event. You reap what you sow.

Backed up by late buying - nice to see after tree shakes. Those topping ups at bargain prices and only 6 trading days to .................!! Mind you I expect they have a few late sell trades up their sleeve as insurance.

I could not agree more about Gervaise Heddle.
He is the reason I have stuck with this share. His appointment brought a needed credibility to GGP.
Research I carried out before I invested indicated that at one stage many years before GGP (may have been under a slightly different name such is my memory now) were accused of being a Pump and Dump organisation by the FCA and a warning was put out to investors generally.
Along with his researcher and others he formulated the plan to carry forward and as you have pointed out he has always supported his grass root shareholders. He even bothered to reply to my email personally when I enquired about some item or other.
He has done so much to correctly promote GGP over the years and the results are beginning to show. Well done to him.

MMs increased spread - caused many buys from 15.30 to show as sells. But they've had to up the bid late. A strong day and hopefully more of same to come in the run up to month end.
We seem to be clawing our way to a fair valuation for what we have at Havieron Project only.
I think the JV will be seen through to production but it's an interesting scenario. Scallywag delay could turn out to be a blessing.
Now back down a little but no one worried. Holding/Topping Up for Gold.

Sure, I have also heard it all before, But UKOG is still developing into a long term major player. It will take a long time and there will be no short term rewards, maybe only a few minor gains.
A few things from the overlong 31st March RNS Final Results demonstrate this;
Chairmans statement " I salute the entire team and I thank the shareholders for their continued and patient support. The team led by Steven Sanderson are dedicated and committed to bringing success to UKOG and to bringing long-term value to shareholders"
and the last points (precised)-"Oil exploration is time consuming etc business and has habit of consuming large amounts of money- This does not bother me unduly etc and UKOG will spend investors money wisely for the benefit of all shareholders".
Some extracts from Chief Executives (S Sanderson) report.
"The combination of our progress to date and the high traded volumes in our UK Listed shares supports our abililty to seek and raise additional working capital should it be required".
Covid 19.
We have put our planned series of well interventions on hold until covid emergency passes.
Operations.
We have concluded it would be prudent to delay the commisioning of the CPR until we have fully established long term production at Horse Hill from HH2Z and a dual Portland and Kimmeridge in HH1.
Just a few points illustrating the now long term nature of the future of UKOG (there are many others.
There are plus points also in this comprehensive Final Results RNS which is effectively the current updated position.
Success could all depend on the expected future rises in the oil price futures once the markets regain some form of normality after Covid-19. There will no doubt be future cash raises (on same basis) as CPR is delayed so debt based funding may not be available for a long time so the share price may decline further short term. Maybe the Top up price could fall to 0.010 or 0.015 But Its worth the risk (providing you have surplus un-needed funds elsewhere) and a strong constitution..

As all around you are bellyaching about this , that and everything about this share, the sensible ones will buy in at this bargain price and forget their investment for 3 years+ and then look to see what the share price is then. It gets longer term by the day for shareholders but the long term rewards will be there on the up-curve which will eventually come and which will eventually outweigh the losses sustained on the long down-curve.

No they run a very tight ship.
This is just getting it to pre-next report levels where it should have been for ages.

PaddyGall and Hydrogen,
I know little about geology/mining and the like so the wonderful research and info you find is really way above my head But I do try and understand it. The latest possibilities are quite enticing so in a effort to understand more fully I thought I would look at latest Paterson Havieron updates on the GGP website.
I notice that in phase 1 results of Newcrests plans it includes "Defined up to 4 sub vertical zones of higher grade mineralisation within a larger envelope" and
in the Geophysics New 3D Gravity that Newcrest carried out shows that " A comparison of 3D Gravity & Magnetic Models shows an Approx 500M Vertical and 200M Lateral offset between the Causative Bodies". I do not know what a Causative body is anyway but i could guess.
Later illustrations also show that in the region near HAC9501 (historic drilling) and HAD042 (results) and HAD 043 (no results). For Had 042 drilling of 17.3M @19 AUGT and 3.1M @ 91.00AUGT. Results for HAD 043 have not been received and or not published. If they reflected anything similar then perhaps there is, indeed, a new high grade area currently being investigated.
My assumption that HAD042/3 is near the new areas on the satellite views may be completely wrong such is my knowledge but I feel sure that it is worth quickly looking at if only to discount what may be a red herring on my part due to my lack of knowlege.
Its all looking very good at Havieron anyway.

After yesterdays rise the price was never going to rise today especially after the covid-19 news and falls around the world due to other "news" as well. I guess this will continue all week - the price screwed down as much as possible due to largely un-associated events and into next week before possible larger rises into the news due.
LTHs and all those who have prudently bought in at these low prices in the recent past have only to wait for some of their rewards such is the strength of the GGP portfolio overall.

Whilst I personally would prefer the the JV with NC to be progressed to Gold Production on current agreed and to be negotiated final terms I accept a takeover could happen.
In that event, I assume that Australian ASX Takeover Rules would take precedence over any GB Aim Takeover Rules but I am not sure.
As I understand it there are 3 main takeover types on ASX and one is a cash only offer (among'st other things), another is a cash and securities offer (among'st other things) and another main type as well. A cash offer may seem the most straightforward but what if there were a cash + NC shares offer. I mention this because o lot of GB Brokers do not allow you to buy/trade ASX Shares(EG HL and others) which conceivably could complicate things. I do not understand takeover procedures fully, certainly, if between 2 different markets, as I am sure many PI's in GGP also do not.
Does anyone have a rule of thumb idea about the mechanics of such should it happen.

MMs, LSE and HL part and parcel of the widespread Aim Fraud. Currently worse that the Banks who were despised by all.

Just pure scandulous. Lock them up and throw away the keys.

Unfortunately the fine detail of the JV farm in agreement with NC appears not to be available which makes it uncertain and open to some speculation. The only additional information available is in The Terms of the Joint Venture agreement at the End of the RNS(12/03/2019. I agree that the 5% could have been a later addition to the earlier negotiated terms of the Stages. The way the JV agreement is presented suggests this but on that basis there are other items of possible concern.
The overall impetus seems to have been that Newcrest spend the money for a straightforward increased share through each stage-ie keep it simple with no money changing hands between GGP and Newcrest during the stages.
But there in there is a possible problem with Stage 4.
Namely if Newcrest completes, delivers or incurs no less than or in excess of US$20M in producing the Feasibility study within 2 yrs of stage 3 completion in return for the 10%. This on the face of it seems in line with the rest of the earlier JV stages (no money changing hands) BUT In the Terms of the Farm in reported at the end of the RNS JV announcement in a separate paragraph it states that " Expenditure incurred in connection with the Feasibility Study that is in excess US$20M shall be funded by the Parties in proportion to their respective Participating interests in the Joint Venture at the relevant time the Feasibility Study is delivered, according to the terms of the Joint Venture Agreement".
This would mean in the event of the Feasibility Study Expenditure exceeding US$20M say US$40m GGP would be expected to contribute/fund, either 40% or in worst case 60% towards the excess (subject to what Split applies at the deliverance of the Feasibility Study applies) to Newcrest, the manager of the project. Either US$8M or US$12M. Do GGP have that kind of money in the bank?
If things did turn out that way it would be an awful way to start Later stage financial negotiations in relation to the 5% part of the agreement at market value and the later tolling negotiations.
One would hope GH is aware and that agreements/relations would be honorable between the GGP and Newcrest and that Newcrest would not try and use this possible tactic as Manager of the project to really screw GGP.
I hope really that I will be shot down in flames and these concerns will be unfounded as I have supported GGP and GH at all times.

When the oil really flows - timed to when the Oil price rise grows - and the corona virus goes -
watching the share price rise will be the main show. you'll see.

Good move. Will need patience but rewards should be worth it.

Will make a change from ins/out of the oilers but someone tell her she can't grease Gold. SS maybe but not GH.