Member Info for sandgrounded

The reason I ask this is because of the following extract from an Artemis (ARV) rns dated 9/5/23…

At the 100% owned Paterson Central gold-copper project, the Company is commissioning an independent third-party expert to review the project's high potential.

-- Artemis is also evaluating inbound third-party interest to fund the next stage of Paterson Central exploration including potential financing and joint venture opportunities.

-- Regionally, the Company is investigating other prospective ground in the West Pilbara with the potential to increase its tenement holdings and collaboration with other groups.

Thanks Bamps. You mention Artemis’s Juno target. At the moment it seems they don’t have too much cash to drill.

Could the drill east of Decka be an attempt by GGP, to see if it is part of a bigger target spreading into Juno? If so could they be looking to help out Artemis by way of a j/v?

Speedy, I have always liked your posts and I will endeavour to keep myself in check lol.

Chuffchuff, thank you.

I don’t mind standing up and posting concerns that I am sure many other shareholders have. If it means taking flak from people with no opinions of their own, then so be it.

Bowls competition today. Not expecting great things, but will be out most of the day, so this will be my last post for now.

I hope everyone has a good day.

I thank everyone for their contributions tonight, whether pro or against. That is what a discussion board should be about.

I am going to leave it at that. You know what my current decision will be.

Fair enough, thedoors, but at least I am willing to put my concerns on paper and am ok if people want to have a go. I have2 million of these shares, so I have to hope for the best outcome for our company.

Sureasblazes, the point is we can’t discuss things after they have happened. We need to put our concerns out there and hope that Shaun considers them and if he discards them, then so be it.

I will ask this question and let people consider it.

If he decides to do a raise with the ASX listing, will it be a token raise or a substantial raise?

A token raise, I would suggest would be useless if we needed to go back to the markets for further funding for an accretive purpose.

LA, an accretive raise is no problem, but if it’s not needed now, then why the rush?

Let’s get the next MRE out and raise from a position of strength, not weakness.

If the Australian Institutions think it is worth investing, they will buy in the market. But to be honest, Shaun is not being totally honest with regards to raising at these levels. He should rule it out for now and strengthen the sp.

I have concerns that he has possibly made promises to get the Institutions in when we List on the ASX. I think the market also believes it.

I will throw in one further cause for concern and that is if we have a share issue, will there be warrants attached?

I think we are losing control of the company.

The BOD want to put GGP under an Australian ‘cover’ company. They are considering a share allocation when we don’t need one at present.

The ASX listing, ( if we do have a share issue for Australian Institutions), will tip the balance of ‘power’ down under. I just don’t see the benefit to the private investors here.

Shaun has stated that he would like to consolidate the shares at some time, but only when the share price is climbing. As this isn’t happening at the moment, then taking Shaun at his word, I can’t see it happening before the ASX listing, unless very positive news is forthcoming.

I can’t see good news coming before the ASX listing as he will want to send a positive message to people buying in down there, that they are onto a winner. So MRE, excellent drill results on Ruddall or Scallywag will come shortly after in my opinion.

Coming to the issue of shares when the ASX lists. Shaun has stated that it had been considered, but left it open whether to raise funds or not. As a result the markets have decided by taking the sp down to around 6.5p.

I know Shaun wants to get the Australian institution’s on board and from what he has said they want to invest. Therefore there should be no problem with them buying in the market, same as the Van Ecks of this world. Their buying would cause the sp to rise and we would all be happy.

We do not need further funding at this time, so why consider a share issue? At this price you are diluting current shareholders substantially for no reason. Unless the Australian institutions are the ones who gave us the bank loans and are now being given a backhander paid with cheap shares!

Unless Shaun has a good reason to issue more shares at 5his moment, then I will continue to vote against the ASX listing.

Thanks Toffers.

Toffers, could you let us know what you are buying before you actually buy them, please.

Seems like the MM’s are happy to keep it here. 6 or 6.5p placing seems to be their view!

It is strange, as Shaun normally likes to bang the drum at every opportunity.

Someone was enquiring where the 6 weekly drilling report was. Can’t answer that but Newcrests web site gives the next quarterly results as the 25th July 2023. Less than 6 weeks away.

It would appear there was either little drilling to report or some other reason. I think Shaun and the team are really busy at the moment, so I doubt there was much to report on.

Good on you, Culpepper. My profit percentage would be a lot higher, but I would still be disappointed at 20p.

Have a good weekend all. Need to do some jobs in the garden now.

Whoever leaked the potential share issue story, must have had some knowledge/ influence for GGP to respond so quickly. Could a specific price have been mentioned, which the MM’s have responded to?

I should imagine news in the tight financial world gets around very quickly.

Patient money? You mean like many people here who invested in the company when we had Newmont walking away from Ernest Giles.? People who could have walked at 38p, but who believe in the the company?

Institutional investors are not patient money. They may buy in at 6.5p, but of someone comes in with a bid of 20p, they will be the first to cash in and move on for further profits.

MF11, Thanks for the reply.

I agree. We need to see the figures.

I will leave it at that and will refresh my memory by reading your notes later. Cheers

TT, thanks for that article.

Investors who have been here some time, like yourself, know the value of Havieron. We just need the markets to realise it.