Member Info for sandgrounded

I think most long term holders have faith in Shaun and the BOD. I do, otherwise I wouldn’t be here. I am also intrigued to see how this plays out.

In six months time we will probably know some of the reasons he did what he did, but that doesn’t stop us asking questions now.

I can’t understand why Shaun wants to do an mre before we know what Newmont are looking to do with Telfer and Havieron.

An increase in the resource would surely increase the value of Havieron. So why should Shaun be in such a hurry?

Thank you Bamps.

A prompt reply as always.

Bamps, a question if I may, please.

After Rio saying they were looking to find Lithium rather than buying other producers, is there any possible targets on the Patterson South j/v area, that could hold this?

Thanks SAS. Must have missed that one.

I still wonder if Newmont are interested in it.

Whatever became of Ernest Giles?

New Rio j/v taking precedence or maybe waiting for an offer from Newmont?

Well, nothing on the re-organisation. I am eagerly awaiting to see why Shaun is coming over next week. It cannot be for yesterdays and todays news.

As I read it, the loan facility only starts from the 1stNovember. ( just after the NEM/ NCM Vote is concluded).

Unless the meeting is about something else, like an acquisition of a producing asset!

We need something in print to read, concerning the upcoming re-organisation, ( unless that too has been delayed), so that we can question Shaun about it. Another Rns tomorrow will give people the opportunity to examine the proposals over the weekend, before next weeks meeting.

Let’s see if it arrives with time to digest it, so informed questions can be asked.

Will anyone be selling this morning? Could be a short squeeze coming?

Kieffy,. I wonder what upcoming opportunities, Shaun is talking about?

The loan facility available from 1st November. Just in time for the Newmont takeover of Newcrest being completed. Hmmm 🤔

Repayment December 2024.

Will we be producing by then?

Gold for hods sake😩

Gold price to hit $5,000 in 3 years, watch the default wave kick off a U.S. recession in Q4 - Michael Lee

I must admit, I have the same thoughts on the manipulation of the hold price.

https://www.kitco.com/news/2023-09-11/Gold-price-to-hit-5-000-in-3-years-watch-the-default-wave-kick-off-a-U-S-recession-in-Q4-Michael-Lee.html

It depends what it is for. As for Wyloo, they could easily bid for more shares if a placing was forthcoming. With the warrants tucked away, they would be very powerful and possibly dangerous.

Fully agree MH01, but will Shaun miss the opportunity.?

Is it a coincidence that the ASX listing and reorganisation seem to fall around the time of the NCM/NEM vote?

I believe 14 days notice needs to be given to hold a general meeting, which will give shareholders an opportunity to vote for the reorganisation and perhaps the ASX listing. I’m not sure if before or after the vote a court order allowing the reorganisation is also required.

These processes alone could take us into the middle of October, just as the result of the Newcrest/Newmont merger is known.

Although Hydrogen (on the other board) states there will be no share issue, I cannot see Shaun missing the opportunity to have cash coming into the coffers via the Australian investors, rather than letting them buy in the market and losing it there. It makes much more sense to get it whilst you can.

With a possible cash raise and the merger completed, could #haun have already negotiated the sale of Telfer and Havieron to GGP?

All the ducks are lining up. Could it happen?

Footnote. Whilst I am against the raising of capital for no reason, I am not naive and know that whatever is proposed would get voted through by the bigger shareholders here. I just hope that something along the lines I outlined above, will be accomplished. Good luck all holders.

RNS to convene a general meeting during this week?

Peter, “ Can we expect an RNS before the 21st so that Shaun has something new or an update to talk about?”

I would think that there will be news about the forthcoming ASX listing and about the reorganisation to put GGP under an Australian company for administrative purposes.

There is a updated MRE and drill results to look forward to, but will they come after the ASX listing?

Congratulations on getting to the meeting. I wish I could make it, but I have things booked all around that date.

Don’t know whether this could be his last visit here, with the possibility of further meetings etc, being held in Australia!