Member Info for Redirons

That would be the worst news ever Panama - just laugh at the fudsters - they try so hard bless them!!

Like the cut of your jib Ben and certainly hope you are right!!! VGLA!!

Schlemiel - spot on - this isn’t about today’s SP this is now all about getting the results of the delayed FS (delayed to ensure maximum impact at the lowest costs) and then the DTM. Then II’s will plough in and as we get closer to first ore (hopefully within a year from now) then is the time to be looking at the SP with full expectations that we will be in ATH territory and onwards. Look at how fast the last 12 months have flown and sit tight for the next 12 when it will hopefully be happy days. VGLA true Greatlanders!!

Congrats to everybody involved with Havieron (GGP and NCM) as this monster carries on giving. Congrats also to true GGPers who are holding on to their golden tickets in times that have been very difficult and disconcerting - I can see the better days that lie ahead for us all. Can’t wait for Shaun’s take on all of this hopefully tomorrow and then onto our next stage in the process of transitioning from junior explorer to JV miner with one of the biggest miners (NCM) in the world - happy days!!!

Hi Ace - I think we are all finding it tense waiting for the FS/DTM to drop but I take comfort in the fact that this economic crisis is Global and as QE has to quell the upshot will be that the POG will rise - as will demand. NCM’s CEO always said that he looks for profit first, so NCM will surely want/need to get the ore from Havieron processed through Telfer (to keep Telfer operational) to turn it into Gold/Copper that can turn into profit - they have nothing else to feed Telfer as quickly so I cannot believe there will be anything but a continued rush on at Hav imho!! Shaun thought the FS would appear in November which is only next week now - so keep the faith all GGPers imho!!!

Great post TheDoors - spot on.
Hope ur well - Red.

Great posts Mark and Sureas - factual and says it all - thanks both!!

Agree Dip and especially with the burgeoning need for NCM to keep Telfer operational they won’t want to “mothball” it whilst they play silly games imho!! Fingers crossed on this for all of us!!

Hi Lebugue - I see your point and agree entirely that it is baffling but if a CEO is under pressure for results perhaps he felt the timing of going to his shareholders to be “buying” more for potential jam tomorrow rather than focusing on producing more dividends now, may (and I repeat may) have been the catalyst for him to say enough already, let’s turn what we have got into bunce for me to stay in my job - we may never know why Sandeep took the decision he took - just hope it massively benefits GGPers whatever happens. Best regards Red

Afternoon folks - I think we may be trying to dissect something that is not possible to accurately forecast. My simple way of looking at the JV is that the “major” JV Partner is normally the major because they are the well established major financier of the deal and the “minor” JV Partner seeks to work as best they can to ensure fluidity, no real hiccups/delays and where they can to avoid getting shafted. The fact NCM didn’t feel it necessary to pay out $60m extra for the extra 5% is probably more to do with their financial circumstances at the time (unrest with NCM s/holders wanting less jam tomorrow and more divis today) PLUS they may feel comfortable with GGP as their partner that they can still lead Hav where they want it to go without the extra 5%. For our part Shaun has upskilled the BoD dramatically and we have a much better chance of ensuring things trundle nicely forward without being potentially “hoodwinked” should NCM ever try. Onwards and upwards IMVHO!!!

Thanks Bamps - we’d be lost without your factual updates - HAGW!!!
Red.

Great stuff again Dip - most grateful to you

Volvic - don’t say Newcrest walked you’ll give me palpitations!! You mean when Newmont walked!!

Hi Paddy - hope ur well and it’s great to hear from you on here as well as on GGPChat. I must have invested around the same time as you as I still wince when I think about the SP dropping from 1.28p when I invested to 0.45p as a result of Newmont walking from EG - had to be a good 70-75% drop but I held then and I have held the majority since our recent drop from 38p to 8p (I admit to taking out enough to retire early in Feb 2021 but that’s why I will always love GGP). Your news today regarding EG just reconfirms that GGP is the place to be imho and our better times will come again soon. Holding tight and can’t wait!! VGLA

Hi Panama - I agree with Dip that SP targets are a hard one as everyone’s circumstances are different and can change quickly!! I will be honest to say that at one time I hoped the decision as to when to sell would’ve been taken out of my hands by a juicy buy out (would have to be close to £1 per share for me to be happy that we hadn’t sold cheaply). But as we seem likely now to transition into a full blown miner then an SP in excess of 40p would see me drawing down what I need to live a good lifestyle and leave the rest invested for my son and grandchildren to do the same. Ahhh wouldn’t that be glorious - they might inherit GGP and live a worry free life - I would leave life a very happy man!!! VGLA true Greatlanders - our ride is yet to reach its pinnacle imho!!

Thanks Sandgrounded - great find and great read!!

Hey Ponie - if you filter JBarnum like I did ages ago, you don’t need to read his claptrap/drivel. Life is too short to be reading wanton negativities that are written with malicious intent - just bin them!! Good luck to you.

Hi Ponie - fantastic post and you deserve every reward coming your way. Fingers crossed the rewards start showing themselves after the DFS and DTM which is even closer than 18 months!!

LOL ShareGuru - is poor old Scotty still bemoaning 88E potentially benefiting from PANR’s drilling - I filtered him ages ago and no longer have to listen to his petty whinging on a share he is not even invested in - what a sad life some people lead. Just wish he would stick to PANR Board and leave ours alone but he can’t because he needs/wants to stick the knife in wherever he can. Wouldn’t it be absolute Karma if 88E benefit massively from PANR and our returns leave his in the dirt - ahhhh now that really would be worth our wait!!! VGLA true 88ers!!!

Hi Brom - think you’re absolutely right - 1215 Capital Pty Ltd seems to be a “Propietary Company” that can only have up to a maximum of 50 shareholders so it looks as though 1215 Capital have seen something they fancy having a punt on with little old 88E - hope they’re right!!! VGLA true 88ers.