RE: 10th minute for Monkey15 Jun 2023 09:55
Some on here must live in Cloud Cuckoo land, and have never has a position that requires you to deal with anything other tan the purchase of a house (and in that you are lead by the estate agent and solicitors, in which case you have most likely never knows that there is more than one way to own a house) and relatively small investments. Nothing the types of thinks that pass a CEO'S desk regularly.
When GH decided/or was forced to leave, the share price started to fall, the markets do not like uncertainty. At the same time most other Junior miners share up to today have had serious falls in there share prices.
Coming into a company with this background, the tasks were to stabilise the business, otherwise Newcrest would have taken GGP out. In order to be anything other than an explorer then the management had to reinvent itself, which has happened with the new BOD.
To get the business in the form it is ,has took a lot of hard work we now are solvent, and going forward I expect that there will be a lot more issues that you will choose to complain about, but smell the coffee and realise that this is business, WE (PI's) never had the finance to get the company to the position it is (correct me if you do have the £mill hidden away).
On the back of Greatland in 2020 a lot of junior miners valuations were inflated, and as Greatland were going into a situation of not having resources to fund their commitments, I (now) think that GGP was most likely the share with the most inflated price. I remember when GH sold his shares, he knew the financial situation GGP were in, new share holders who had bought in late 2020 should have sold then, hindsight is a wonderful think, me included and I have continued to buy (at prices that I consider (considered) the share price cannot go much lower, I made the decisions and only me .
Before moaning and whinging you need to understand you make the decision and only you, so it is your responsibility, not anyone on here or on the BOD of GGP past or present. Shares are medium and long term investments, that is 5 years being the start of medium and 10 to 25 being long, and I will not be here in 25 years but still consider this investment good for my family.
The BOD have to work within the rules of the Stock market, a lot of you post as if they are free to give out information as and when they like. Be assured that we would not have the deal with Rio or the facility with the banks if the BOD acted in the way you want them to act.
With regard to Havieron we are minor partners, the lead partner leads, at the moment the lead partner looks like changing at a high level but the lower levels of management in Newcrest/Newmont will be the same. Some of you think that you can rub these people up the wrong way and it will not have an adverse effect that you can then come on here and complain about, but you would must likely shoot yourself in the foot.
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