Member Info for rosso123

o/t but a good example of a disgraceful way to run a gold mining operation. CEO tells SGZ shareholders of 6000 tonnes of mineralised ore, gets away a 40p placing. Just one month later .....

Consider to be fortunate that we have Shaun Day and not Phil Day running the show here.

You have a small lump of gold. An ounce. Its value is $2000. But Mr Orange tells you that it is worth only $500, and offers to take it off your hands for slightly less. Mr Pink has a sign outside his shop saying 1 oz of gold , clearance sale, slightly over $500. What are you going to do, sell to X or buy from Y. Plssed off or happy? Apply scenario to GGP at this present time.

The squeeze is on. Get the pis out. The frighteners are in to apply pressure. Mr Day is building a multi-billion pound Company. He has done it before and he'll do it again. Some people don't want ordinary Joe Punter to be part of it. They want it for themselves. All kinds of tricks are being played. You can be sure that there is one thing they want. YOU out.

And that's just the tip of what's going on. At the higher end, corporate manipulation. Somebody wants Havieron, and they could well be trying to take GGP out in order to get it. Mr Day will be well aware of that.

Sit back and watch the game being played out. Pay no attention to the falling sp, because that's an essential part of the game. Just remember that such a world class asset comes along very rarely.

Of course it isn't, but the problem we have is that multiple idiots will respond to the title and the extended thread becomes a dominant feature on every page. So here is the chance to practice. DO NOT respond. Ignore it completely, and within a short period of time the subject will disappear. No responses whatsoever, not even good point, etc. Nothing.

Exercisable at 10p. Will they be wanting to shove in the next £35m?

Sp needs to be 12p for the 3 recipients to be in the money. 200m exercisable at 11.9p

CG announces the identification of a high grade gold zone and the sp rockets 31%.
GGP announces multiple gold-copper zone extensions and the sp sinks.

Best way to get pis out of a share is to keep depressing price/sentiment

Unusually large number of trades in the 10k, 11k, 12k bracket. Then an occasional £100k biggie. Something is going on behind the scenes.

Sales process = gas
Sale process = Company

Close down the Co., wiping out all the creditors and shareholders. Set up a clone Co. in a different jurisdiction and shift any remaining assets over. The new owners clean up. Common ruse.

" ... current risks and uncertainties associated with remaining a Mincor shareholder in the face of prevailing economic and equity market risks."

Another "unknown my ass" 165k after hours. Methinks someone is stocking up ahead of a positive announcement.

470k trade executed Fri after hours. Unknown my ass. MMs now busy flushing out the weak. Unfortunately I'll miss out as no spare funds to buy in at 21p. Expect interesting development

Our main man has gone because of all the fools on here who chose to constantly engage with the troll who has been hounding him, prolonging its agenda and cluttering up this bb with crap

Living in Morocco, I have first hand knowledge of how things proceed. This is not business as Europeans know it. Shwiya shwiya is the name of the game, especially during Ramadan when things grind to ever more slowly. With all this in mind, getting the necessary permits, including for use of explosives, is going to take an age. Could be looking at a 6 month delay before MOU-1 testing starts.
The rig is situated nearby and sits idle. Far better to raise the necessary cash, and get drilling. That permit is relatively quick to obtain.
Put the placing in this context and things start to make sense. MOU-2 mud/drill is dependent on MOU-1 monetisation, which is not forthcoming in the short term. Therefore Plan B, get the money in and drill MOU-3 into the fan with no sludge to hamper progress.
20% sp hit is the immediate pain, which can't be helped.

Must be the result of new data. MOU 3 gets them into the main fan in a speedier timeframe. A factor in all this could well be North African bureaucracy.

"It was obvious from the day of the Q &A that there was going to be more delay."

Agreed. Expected the sp to be taken down, but it has held up pretty well and likely stable through April. Exited at 1.75p. Time to buy back in. and wait for funding completion. What price am I going to be paying? 1.75p. DOH

In the crosshairs of Newmont, you'd expect the good people of Newcrest to be jumping up and down, full speed ahead to putting out an updated valuation of Hav.

Gargantuan gold-copper nugget at Havieron, with a likely silver-etc major find at Scallywag. And the sp flops around the low 7s. Got to be one of the buys of the decade at this price.

What's not to like? SP must at some point reflect positivity on the ground.