Member Info for rosso123

I recall in 2015 Bullabulling Gold being bought out by Norton Goldfields for a fraction of the real worth. of its Oz gold project.

Fact is that a bid for the Co. can come in at any time. An attempted steal at 20p, notwithstanding the 50% sp premium, would surely result in BoD giving the thumbs down. But this severe under-valuation of the Co. will have hostile predators circling in the hope of grabbing a Tier 1 asset, among other things, for peanuts.

Basically summed up as having at least one pound coin in your pocket and somebody comes along and offers you 20p for what's in there.

5% will be taken as soon as possible after MRE2. It makes no sense for Newcrest to delay. FMV ball park figure expected to be in the region of £30m if MRE comes in at 8m oz.

30% of Havieron up for grabs. Newcrest in pole position. Would GGP take the cash for Hav if and when the 2 NW corridors led to significant gold in Scally and Black Hills.

100% of GGP. Co. is a sitting duck whilst the sp is languishing. Would pis fall for a 20p takeout, currently a 50% premium?

You miss the point being made. I was offering an explanation of the contradiction between the increasing NAV of Havieron and the decreasing sp of GGP. It is somebody's interest to keep the value of each as low as possible with a view to either 5% FMV of the resource or the remaining 30% of the Co. The sp should be double what it is at present. So why isn't it?

AIM pond minnow being set up to be swallowed by a predator. Insider hnw horter associates also take their pound of flesh if they get the timing right. Who loses out? Welcome to AIM where 85% of pis lose money.

For the sake of simplicity, let us equate GGP with Havieron, disregarding the other assets fot the moment.
At 25p broker price the set-up is valued by the market at a nice round £1bn.. Current 12.5p makes for an easy calc.

Which one is FMV? Whilst SD, backed by his recurring open-in-all-directions data, constantly talks up the resource, conversely we see ever-decreasing value. This is plain manipulation. Somebody wants that sp down. The greatest beneficiary here is Newcrest. 5% of £1bn is £50m. If the current sp is FMV, they can take it for £25m, a big saving.

It gets worse for GGP shareholders when the remaining 30% of the Co. is up for grabs. An offer can now come in at 20p, that being a 50% premium to the present valuation. Even after a bidding war, 20p , being a 50% premium,,suddenly is looking like a good take-out price.

Is it a stealth thing with a big ii at work, there are plenty of corrupt ones out there with form for doing the dirty work of price-fixing. Never mind the effects of 5%. 30% of GGP gives a valuation now of just £150m, as opposed to double that a few months ago. A game is being played out here. Stealing the Co. is the prize.

That's 2 lifetimes away for the average pi punter. Expect ppl selling up in search of the next flavour of the month rainbow.

"....mineralization which we believe flows through into our 100% owned Scallywag ground"

Absolute game changer. Looking at a quid if they pull this one off whilst still holding 100% of the licence.

That's what he said

Correct me if I am wrong, but there appear to be 2 NW-trending corridors, one from the N breccia (a) and one from the E breccia (b)

Follow them along the fault lines and they take us a) to Scallywag, b) to Black Hills. Could be contiguous but at different depths, hence a couple of deeper outlying growth drills

Latest results were mainly infill. Maybe we'll be kept waiting until Feb in order for MRE2 to include this data. I have no issue with that.
Seems that from now on they are moving into a new phase of growth drilling aimed at stretching the resource. North West and North through Zipa into Scalliwag. Could it be one interlinked system with multiple mini-Havierons.
Then there is the Juri jv.

Future looks big and bright. Current sp is going to look miniscule in due course, as production nears + further exploration targets get hit.

The resource gets ever bigger whilst the sp gets ever smaller. The price is being adversely linked to fundamentals, and makes no sense. But what is dictating the current price range is the game-playing antics of a number of hnw clients, whose aim is to prise the shares off pi weaker hands. How low are they going to risk taking it? In the end, the value wins out.

Makes sense for Newcrest to grab its extra share of the 12-tenement Havieron block as soon as the indicated MRE is published. After the official data release, makes sense for NCM to act sooner rather than later because the value of the project will continue to grow, meaning they'll have to pay a whole lot more to acquire that 5% the longer they delay.

Be sure that the larger shareholders will be informed of the timing of the MRE release.

Any pi holding £100k worth of stocks in the AIM pond is swimming with predators using all manner of tricks to deprive the owner of that investment. These sharks are masters of deception, very good at what they do.

Excuse my ignorance here. 12 tenement blocks make up the GGP-NCM jv within the Havieron area.
What is the extent of Havieron outside this jv, and who owns any other blocks?

A vote of confidence by the ceo. His real money lies in his options. The subscription is relatively insignificant in money terms, rather it is a heads up.

Update on Juri

Placing rushed through. I doubt that SD is wanting to face a bunch of disgruntled shareholders at the agm. Timing is interesting as I think they can just about squeeze in some kind of price-mover announcement ahead of the day

Bought 7914 shares at 14.00p.
It will of course show as a sell in 10 mins time