Member Info for sandgrounded

Sorry. Just had to top up. Not a bad price either at 0.75

Taken from the 9th March 8nterims Rns. ( Pre COVID)

o Drilling at Scallywag to commence by the end of April, to initially focus on three primary targets: Kraken, London and Blackbeard

True enough. Talking of drilling, didn’t GH say they wanted to drill an initial 4 targets. Maybe between them they will drill 800 to 1200 metres. Would 200 - 300 metres be deep enough?

Maybe an offer in the region of 800 - 1200 m(illion)

I think if a low offer came in, then that could start a bidding war between a number of companies.

Newcrest wouldn’t want that, but it would do wonders for the share price.

Just noticed it lol. Complainers should read companies. Spellchecker again going awry.

I think the change in registered office appears to be a good cost cutting Exercise. We just have to wait and see what news arrives.

https://suite.endole.co.uk/explorer/postcode/w1w-7lt

https://thelondonoffice.com/

A lot of complainers seem to have their offices here. ???

Another £320k to the coffers.

GH has hinted at more news to come. If it involves Newcrest, do you think it will pop up on the ASX, say Sunday night, before AIM opens?

WF, apologies I am obviously not making myself clear.
Pacific will get 145 million shares as per their agreement with GGP.
They cado whatever they want with the shares. Sell or keep.
If they decide to sell into the market, there will be an overhang of shares which will depress the share price until they are sold.
Let’s say someone wants to buy all those shares and goes to Pacific and offers them x pence per share. It could be II’s, or another miner who wants to get A part of GGP, without attracting too much attention and forcing up the price.
Wouldn’t it be better if we had a friendly face holding the shares. That’s all I am saying and that Newcrest would fit the bill.
It is all speculation, put out there for debate. Nothing more sinister than that my friend.

If Pacific don’t want to sell fine, but I would hazard a guess they will want to monetise a big chunk of it.

Getting someone to buy them in one go, would reduce the risk of an overhang ( if they decided to sell)

In my view Newcrest would be the ideal company to do that. It is just a view, put out there to discuss.

Timber, what do you think the directors of Pacific will do with their shares when they get them?

They will want to monetise their holding imho. That is a fair few to shift unless someone buys them in one lot. It is only a view, nothing more.

WF, I didn’t say it was. What I was saying was those shares would present an overhang and rather than be drip fed onto the market, someone could buy them outright from Pacific.

Newcrest would be ideal. Having them as shareholders, would boost the SP and any predators looking to take out GGP on the cheap, would think twice.

I wouldn’t like the 145 million shares Being drip fed into the market, when allocated. Maybe Newcrest will buy them in one go. That would boost the SP and give Newcrest a quick return on their money. Could also protect us from predators!

Paddy, you wrote... “ Today 13:46
I wouldn't feel too sorry for him Flashy - Pacific Trend Resources are getting 145M GGP shares issued to them on a decision to mine as part of the sale deal and that's looking more & more like a certainty with every passing day.”

With This weeks news About mining applications etc, would you say that the decision to mine has been taken and if so should the 145 million shares be allocated?

Am I right in thinking PRE is a separate Licence area to Havieron and Scallywag?

If so, could GH be planning a drill at Goliath?

Napthman. Pathetic attempt mate. You must try harder.

Thanks to all those trusted posters ( too many to name ) who have guided us to this point. I am simply stunned at the moment. Looking forward to today’s SP action, so that I can dream about helping my children buy the houses of their dreams. Thank you so much.

Just assuming. However the markets in Australia were closed on Monday, so could it be a day later.
Don’t panic Mr Mainwaring!

If we get some bad news here, then the MM’s must have been tipped off. Hopefully just one of their ploys to get shares.