Member Info for sandgrounded

If Firetower’s drill results indicate a million Ounces, with an in ground valuation of US$20 -30 per ounce, then funding could be solved. However with that amount of free cash, we could be vulnerable to a cheeky bid from a mid tier company.

It makes sense to have Newcrest on board as a major shareholder to protect us from that possibility.

Apologies Lesotch. An extra e put in either by myself or thespell checker

Lesotech. I am hoping Newcrest pay a lot more than 2p.

Thanks for the reply. I wasn’t sure.

Just wondered if anyone could answer this please.

Can warrants be exercised if a company suspends its shares?

A hypothetical question, I know, given most of our warrants expire after tomorrow.

Delayed disclosure: conditions

An AIM Company may delay disclosure to the public of inside information provided that all of the following conditions are met:

immediate disclosure is likely to prejudice the legitimate interests of the company
delay is not likely to mislead the public
the company is able to ensure the confidentiality of that information (Article 17 (4) MAR).
Where disclosure of inside information has been delayed in accordance with Article 17 (4) and the confidentiality of that inside information is no longer ensured, the AIM Company must disclose that inside information to the public as soon as possible (Article 17 (7) MAR).

I think there are exceptions to when sensitive inform should be released. If a company is in sensitive negotiations, then I think they can withhold that information. It is some time since I read up on this, so will try to find the relevant legislation.

I did have that just once this morning but now every time I go to this page it says, checking browser before joining lse

My guess is next week. Start off with the sale of Firetower, then news from Newcrest, then Black Hills lol. That would set a rocket off under the share price.

Well I can only dream, but yes news hopefully next week.

If news on drilling was poor, why would GH delay it’s publication. The warrant holders are not buying now so if the price fell, they are not suddenly going to buy!

Everything has gone quiet from GGP, but am expecting it to get real noisy after the warrants expire at the weekend!

You say pretty futile, but with 3.4 billion shares in issue, GGP could do with a bit of consolidation to get the share price at an attractive rate. If they were to go for a dual listing ( and Australia's ASX would make the most sense) then I am not sure what a sterling price of 1.8 p would equate to in Australian currency and whether they could float at such a low price.

Again if Newcrest were to participate in a share placing, the obvious place would be through an ASX listing. I am sure Newcrest will want to get a decent percentage of GGP if they go down that route to protect their interests in GGP’s assets and to ward off @ny potential hostile bids for GGP.

I don’t think it unreasonable for Newcrest to pay a premium for those shares as they would have easily recoup their money when the share price rises on good news. ( fingers crossed).

It is getting very interesting, especially with the warrants due to lapse after Friday and with GH not appearing to be too worried about our cash position.

I am sure by the end of next week (16/8/19), things will be a lot clearer.

GLA.

You’ve got to be in it to win it ;0)

Whilst waiting for news on assays and drills, here’s my initial wish list for other news.

Consolidation of shares by a factor of ten.
Which should allow us to list on the ASX at a reasonable figure.
Newcrest to buy into the company at 25p a ‘ new’ share, enabling GGP to continue their role of explorer with adequate funding.

I don’t think a cheap offer will be made as it opens the door for a bidding war. Just my opinion.

Price rising again tonight.

Thanks Paddy. You are probably right. Those lines are only part way into the host sediment, but must be a few hundred feet to get there.

The majority of the drills are numbered at the top. There are 2 on the left which are not numbered.

They may be awaiting core sampling, but one other possible 3lanation could be 5h3y are his5o48c drills from the 1980’s (?)

http://www.newcrest.com.au/media/presentations/2019/Diggers_and_Dealers_2019.pdf

Two slides on Haveiron, but these don’t reveal the awaited results for Hole 11.

Trade for 28 shares just gone through.

Means keep it under 2p for the next 8 days lol!!

Has someone panicked and sent you in to disrupt the board?