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A lot of misunderstandings here. No company can just take over GGP without shareholder agreement. In terms of hostile takeovers, any entity must make an offer in order to acquire more than 30% of a UK company - this is regulated by the European Takeover Directive. If such an offer is made, it will be put to a vote by the shareholders.

When looking at the assay results, both GGP and NCM, what stands out besides gold is that most holes show significant widths of good copper grades. In this respect it is similar to the Telfer main dome. The gold on it's own is exciting, but to be paired with similarly good copper is outstanding.

Here are some of the highlights...

HAD005 103m @ 3.5 g/t and 0.93%
HAD006 54m @ 2.7 g/t and 0.79%
HAD008 67m @ 2.0 g/t and 0.91%
HAD011 39m @ 1.1 g/t and 0.82%
HAD012 43m @ 7.9 g/t and 0.83%
HAD013 36m @ 4.1 g/t and 0.84%
HAD014 29.3m @ 4.0 g/t and 0.86%
HAD014 22.4m @ 4.3 g/t and 0.82%

tom, we don't need oil, we have gold. Are you suggesting people should jump from one rising asset to another, without a period of research? What happens if you pick the wrong oil stock and it goes south?

I'm surprised that so much attention has been given to the likes of Sal and Pan, who are most likely sad has been's that cannot accept the drill results not be 100% accurate at this very early stage IMO. Newcrest can use whatever cut-offs they wish because it is just an illustration of all mineralisation found - when the project advances, cut-offs will be adjusted especially when we get closer to the feasibility study. I don't see anything wrong with the data so far and it proves that good mineralisation extends to the north - that's all we need to know at this stage. We have to understand that there will be those in the industry who are losers, and complain only because they haven't got a slice of the pie. Those geo's are only focused on detail and are not seeing the big picture. The more success we have the more dissenting voices will appear out of the woodwork - that's an unfortunate fact that affects every aspect of life. Long term investors should be aware of that, and it will test their resolve and belief in their investments.

From a long term holders perspective, all I can see is people who bought at a high price worried to death. For example, "I bought at 1.9p on results" and "I've been here 2 years and still not broken even". What this means is that there is a problem with when some people are buying, and it should be seen as learning the hard way not to buy on momentum, but instead buy when the stock is cheap and while nobody is interested in it. Also, there will be many who think that the long wait for Firetower and Black Hills results indicates something negative may be coming - long term holders are prepared to absorb such a scenario, since there are many other prospects to look forward to such as Scallywag and Panorama. Obviously, those who bought at close to 2p will find the chance of any less than excellent results difficult to deal with.

I have to agree with dj. People here are obsessed with minute by minute price movements - give it a rest. The continuous stream of nonsense about MM's is also extremely boring.

wasred, if you want to enjoy wasting your money why don't you do it at the casino? Seems AIM is infested with gamblers.

Yes kieffy, and if the institutions start buying more the SP will move rapidly.

poniexpress, GGP will be funding 30% or 25% of the mine from considerable profits on from it if they retain it (unlikely). In any case, Newcrest have the option to add another 5% to the farm-in percentage. Also, there is nothing preventing GGP from selling their remaining 25% for a considerable sum after the JV period, with Newcrest having the right of first refusal on it. However, GGP will need to pay for a proportion of the feasibility study costs.

Great strudel, you sell your shares and we will buy them and make a bundle going forward.

The implications of this are what dreams are made of - even the lower grade intercepts are important in adding to the total volume of mineralisation. In addition, it makes you think what Scallywag might be. We've just hit the big time and Havieron will be famous the world over.

Excellent posts Paddy - illustrates the near term activities and potential upside perfectly. Make no mistake, we are on the verge of greatness.

Mapp, try dipping your head in a cold bucket of water a few times and see if it make any difference.

There's always a bunch of PI's that start getting nervous when the market is quiet. All I will say is that we are cashed up and have a raft of great prospects ahead of us. If you are somebody who looks at charts, then just look at the last 3 years - the recent rise is mostly Havieron. I am confident that the next couple of results will make a difference, and then roll on Scallywag. Looking forward to next year as well.

I agree with TomE. Fear of missing out is not an investment strategy.

The only games being played on AIM are those being played by buyers and sellers. It's the short termism, impatience, emotions and beliefs of people that makes volitiliy in the markets. Nobody in their right mind would place a short position on GGP.

Plappers, The reason GGP did this deal was because it has enabled the company to de-risk by removing the costly Havieron exploration required, which it could never afford to do on it's own at this early stage - that's a saving of US$65 million. This means that GGP can now move forward on many other targets. If Havieron proves feasible to mine, then it immediately increases the desirability and value of any other prospects of similar or larger scale and perhaps less deep. Any future deals will be on more favourable terms, and this first JV can be seen as a springboard for the company. As the MCap appreciates on Havieron success and other exploration success, raising cash will become easier with less dilution and thus less reliance on this type of JV deal - that's how companies like this grow and we are well placed to do so.

BrewD0G, serious investors don't top slice each time the SP spikes, they buy the dips. Think about it - if you have a good understanding and confidence in a company you are invested in, why would you want to keep eroding your potential compound gain?

MattyBoy, I tend to agree with mickey on this one. I don't think GH will let it go cheap. He will want to at least find out what the potential of Scallywag and Paterson Range East are before any further deals - that's why he is pushing forward on those assets. If it is proved that there are more Havieron like or larger deposits the buyout price will not be 5p IMO, and especially if gold prices continue higher, for the simple reason that GH will hold all the cards. The big players desperately need to expand in Pilbara.

Spot on Apple, and I don't think it will be long before GGP breaks out to new level. I know some people will hold back until the new shares appear on the market, but if I were looking to get in on the action I would not be waiting for that.

MattyBoy, that event in itself would not make a difference to our SP. But the thing to be aware of is that GGP is trying to prove up their assets as fast as they can in case Newcrest makes a move on them, and Newcrest is trying to prove up their assets as fast as they can in case Rio make a move on them. What's going on is that competition for the best gold and copper resources in the Paterson is intensifying as each new good exploration result is announced.