Member Info for Redirons

Oh dear oh dear - a SolGold sympathiser is worried GGP will prove to be the better investment by a country mile - straight in the bin for you Colonel Drake you bitter and twisted individual - jog back to SolGold with your wonderful BoD - NOT!!!

Thankfully Silverhorse you won’t get close to voting yes to such a silly buy out offer of 25p as hopefully the BoD wouldn’t even entertain putting it forward to shareholders to vote on. Meanwhile can I suggest you do far more research and reading up on what GGP has uncovered at just Hav and then come back to suggest a reasonable buy out price. As a start it begins at £1 just where we are now let alone what has yet to be declared. Sorry Silverhorse but the unresearched such as yourself are a liability to GGP shareholders.

Thanks Ben, Paddy and Rational for your latest thoughts on this matter. For my twopenneth, if we assume that the 5% FMV is stated as an option in the contract between GGP and NCM then surely the terms of its implementation will also be incorporated. Therefore are we not down to interpretation of the contract? Sandeep and his team may be positioning it one way, but Shaun and his (recently bolstered) team will be seeing it another. Surely then an Arbitrator will start with an independent view on the contract terms. If Shaun has played this right and as Paddy states has preempted Sandeep’s low offer based on 4.2m then GGP’s revised MRE of 6.5m comes into play as long as the timings are a factor in the contract. I think we will see Arbitration because Sandeep will expect the Arbitrator to call a figure in between his own and GGP’s, so that he does not have to pay the full GGP figure but NOT if the terms of the contract are crystal clear on what the 5% FMV should be based on - in that case Sandeep has to pay the full amount and if he begrudges this he may just go the whole hog and offer to buy the whole of Hav - if he does then he has to be careful as too low an offer could see rejection from GGP shareholders, or worse than that it could open it up for competitors to step in. Talk about fascinating!!! This has to come to ahead within months and with a continuously increasing resource at Hav STILL open in multiple directions, GGP shareholders are in a wonderful position imho - let hard ball commence and grab your popcorn!!! Happy Holidays all true Greatlanders.

Sorry Zoros - have to disagree with your interpretation of what NCM said tonight about the wet season impacts - yes it MiGHT slip first ore production but NOT definitely - NCM stated that now the wet season is over they may be able to catch up on the delays so far. We all know NCM NEED Telfer to be fed and kept open as a priority and also SB’s primary goal is to get to production ASAP - my interpretation therefore is yes we have experienced delays, but this may not have “knock on” effects if NCM can work around this. Either way it will still be one of the fastest routes to production that GGP/we could ever have hoped for imho!!!

Patience and faith Paulb20 - facts are facts and our fundamentals keep improving month by month which reduces risk. Newcrest have helped fast-track us to mining Havieron in exchange for 70-75% of the value, but our 25-30% either in income terms or buy out will be massive for all GGP shareholders imho. Try to ignore the current SP and wait to see what the FS at year end and when we get to production does for our SP then - pretty sure you’ll be well chuffed imho!!!

Congrats everyone - NCM and GGP Teams - yet another fabulous set of results and still open for even more in the future. Congrats to all Greatlanders who have kept the faith - our days in the sun are coming - these are REAL results that cannot be denied - whoop whoop!!

Happy to share for those who like to see the Reports as they land - just click here:
https://www2.asx.com.au/markets/trade-our-cash-market/todays-announcements

See Dip’s link provided at 21.36 pm

Eastway - a lot of people have sympathy with your thoughts and frustrations but MH01 is quite right, the fundamentals have only changed for the better. Also Companies have to declare all price sensitive information to the market, so tonight like c.20 previous updates from NCM have to be a fair and accurate presentation of their findings. Therefore hopefully yet more good news later tonight they cannot report inaccurately or dilute things to their taste - personally whatever we may think NCM are, I am sure they are a professional outfit judging by their size and standing in the market. VGLA Greatlanders whether at the Stag or not!!!

Panama - your post is very measured as you point out quite rightly that NCM have diligently and speedily getting us off the ground - a point that many who are distrusting SB at present should really bear in mind. I am also certain that SB has many pressures from his own shareholders to consider the short term (for divi purposes) and not always attend to greater longer term gains (though some of us might feel they are very shortsighted). Overall like you I believe we are in a good position where any buy out attempt has to be realistic (too low and competitors could step in) or we go to mine with 25% of a beautiful resource, The hard part is waiting for the finish line (buy out or production) but NCM need to bolster Telfer for fear it will cost them a fortune if they don’t, so our waiting game won’t be decades imho and should look a lot better within the next 8-18 months - fingers crossed!!! VGLA Greatlanders!!!

Volvic - yes and we have been for the last 16 months but I hold on to the fact that “you cannot unfind Gold” and we have stacks of it and still open in multiple directions. We will have our day in the sun again soon and the Gold market will not know what has hit it from our super Hav discovery!!! Roll on the rest of this year and into next by which time life should be so much sweeter for those who have remained patient - all imho!!!

Thank you (again) Moda for selflessly sharing your own research with 88ers - I for one am very grateful to read your factual discoveries.

You sad individual - I should have binned you ages ago but tried to give you the benefit of the doubt - your loss - you’re binned now for good.

Oh grow up Freddie - no one owes anything to anyone on this Board. The reality is that most of the Lthers have contributed selflessly in numerous ways for the benefit of others on this Board, they do not have to ask permission to sell shares as well!! You don’t know people’s circumstances so as I say grow up!!

MrEMC2/Tymers - it would be a bit odd don’t you think if all Lthers had not sold a single share in a two year time frame - after all life throws different things at all of us at different times and surely each Lther’s responsibilities are to themselves and their families first and foremost?? For my part I worked for 45 years before my highly risky investment in GGP allowed me to divest 2m of my 7m shares in order to retire early last year. Do I feel guilty about that? Not at all - I invested more than most (sane) people would have when the share was at 1.28p and within weeks Newmont walked and the SP plummeted to less than a happeny!! I held firm until I wanted to retire last year and my 5m residue saw SP’s of 37p which as we know is now less than 14p - when I say I am here until production or earlier buy out I mean it. What I object to is anyone trying to guilt trip me or any Lther for selling some shares when they are merely living and doing the best for their families. Overall the Lthers are still here in force and I guess wouldn’t be unless they believe they deserve and will achieve bigger and better things via GGP for themselves and their own. Far from an attempt at guilt-tripping Lthers they should be applauded for investing ahead of the crowd, not merely along with it!! Stop trying to unsettle this Board Tymers and live and let live!!

Thanks Panama - very kind of you!! Good luck to you!!

Love it Mark - LOL!!! Good luck to you.

Love the passion and honesty Panama - we differ only in so much as I took 2m shares out in order to retire early, but the remaining 5m have seen exactly the same paper loss that you (and many others) have experienced over the last 16 months. However I agree with you that derisking has occurred despite our decline and the way Shaun talks about us is as reassuring as any CEO I have encountered. So long and strong and I wish you and all Greatlanders (including me) every success in the next 16 months!!! Great post Panama - thanks!!

You are spot on Zoros - the PI holding resembles closer to the 70-75% of GGP shares imho until II’s take a much greater position as we get closer to FS and production. But seeing names owning up to their positions and some sizeable ones at that makes it clear how impactful the PI vote could/would be if ever needed!! Looking forward to a bright Summer and onwards for GGP holders!!!

Spot on SAS and although Freddie declared - he may be slightly anti anything/one GGP as he may not have bought as many as he could have/wished to and might (just might) envy others who have larger holdings than him?