Member Info for sandgrounded

Has anything like the forum set up by shareholders, ever been done before? And on such a scale and as professional as the one we have signed up for?

It is unique and maybe newsworthy from the financial press if it becomes successful. The actions of some posters and from LSE itself, has brought about this situation.

Where did that come from? ;0)

Should a similar complaint be sent to the Takeover Panel?

If people are acting in concert to lower the price, in order to make a bid then they are acting illegally.

Maybe a lot to prove, but if the takeover panel were notified and do nothing and then a bid subsequently comes in, they may have to investigate. Just a thought.

Dip. Would love to come back to you on your 13.08 post but I am somewhat occupied this evening. Will try and respond tomorrow unless things gave moved on in the discussions. Cheers. Hope you have a good evening.

https://www.kitco.com/news/2022-06-17/Financial-World-War-Three-has-begun-Global-reset-Bretton-Woods-3-0-are-next.html

Appreciate you taking the time to respond. Let’s hope for some good news soon. Best wishes.

Red irons, I think it is a bit unfair to say inaccurate views.
All I was saying was that we have a weakness until the funding is sorted and for people to be careful about putting money into shares if they can’t afford to lose it all. Yes I had forgotten about the terms of repayment and acknowledged that. I could have said, what if Newcrest come asking for the money back before production.
People are looking at shorting from one angle, I was trying to introduce a different view. It’s called debate, which is why I put the introduction on my post. I have no intention of selling and hope that Shaun can navigate us through these choppy waters.

Please don’t think I am having a go, I am just defending my reasoning for posting.

I wish you and your family a good weekend.

Thanks Goldenl for the info.
The rns infers that the loan will continue until production, when the staged payments referred to come into force. So hopefully no immediate threat there. What we need is the 5% to be sorted, but who will blink first.

Have a great weekend everyone. Enjoy the sunshine while it lasts. Off to watch Keane tomorrow night at Delamere forest.

Thanks Mercedesman.
I don’t recall seeing March 23 anywhere. Can you enlighten me please.

I have over 2 million of these shares and have no intentions of selling any.

I can afford to lose the shares and whilst it would be a very big blow, I would still have a good standard of living through my pensions.

I thought you should know that before I write the following.

Please do not invest in any share unless you are willing to lose it all.

I know people are saying this is a sure winner, but we as a company are at risk until funding is sorted.

We owe Newcrest approximately 54 million dollars ( interest at base rate + 8%) and need to find another 63 million dollars as our part of the funding to production.

We are told term sheets are sitting on the desk, but none have been concluded so far. It could be that we are waiting for the 5% fmv to be concluded, but where we are in this process is shrouded in mystery with no updates from either side.

The S.P. Is under pressure and unless we had drastic dilution, we couldn’t raise the money through a placing. ( this could be one reason Why our SP is being targeted?)

The 5% fmv is deadlocked. Newcrest appear to not want to meet our valuation and we are not prepared to accept their offer, despite a 20% range having been re-negotiated. This means we can’t pay back the loan to Newcrest at the moment. So I am asking myself, do we have a time limit on the loan? Does it need to be repaid soon? If not we are building up quite a lot of interest to be added. So does that help Newcrest?

If the 5% is deadlocked shouldn’t we be pushing for arbitration and an independent valuation by now?

Without this being completed, would the term sheets be agreed by the banks with a 54 million dollar loan tied to Havieron?

Unless something is sorted, we are slowly going to use up the cash which was raised last year. We have an expanding team at GGP, which must have an impact on outgoings. We have not broadcast our drilling plans for our own tenements, this year, so is this because we are conserving cash?

We all know the story of SXX, who couldn’t raise the cash to continue. Are we seeing the vultures circling to ensure we cannot raise our part of the capital needed?

What would happen if we couldn’t get the bank finance, because we couldn’t sort the 5%?

Newcrest and others could be exerting some real pressure on us.

Moving towards 145 million! ;0)

Silver horse. When Pacific Trends get their shares. ( if a deal hasn’t already been done between the two parties)

Thanks Dip. Really appreciate the time taken to prepare these notes.

Thanks also to Liam. I think his podcasts are getting more professional every time. To be able to get an interview with the CEO of Shaun’s calibre, show the high regard he is held in.

Anywhere else posting results like these?

Truly amazing, but will the sp reflect what we Hav? ;0)

Thanks Antigua.

Shaun looking after his shareholders yet again.

It could be argued that as we are still a relatively small company, that drilling results could affect our sp considerably and under market rules should be reported. ( just guessing).

LA. Thanks. I was aware of the expectation for Thursday.

I was throwing a different view in to try and divert attention away from the arguments here on the board.

I am sure GGP can’t just report drilling as it comes in, but that would be nice for. Shaun to have that unpredictability to throw in an rns at any time of day or week for that matter. ( that was one of GH’s traits).

I’m not sure if you can tell me, but was it in the terms of the j/v that we would have interim reports on Havieron drilling? It seems strange that Newcrest can just stop reporting them, as it effects all their other prospects.

Looking forward to Thursday in any case and thanks again.

Now that Newcrest are only reporting drill results on a quarterly basis, why are we assuming Shaun will report on Thursday morning. Yes this is the halfway point between the quarterlies and the usual date for a release, but why can’t he release drill results when they come in? I mean, the results wouldn’t normally come from the assay office on a set date. They would be sent when ready, surely.
Unless there is some agreement that they can’t be released before a certain date, Wouldn’t it be great to surprise the market a week earlier than expected lol!

We were trading around the 12/13p mark, before the options were exercised and probably sold, which took us down to around 10p.

We are now back in that trading range again, and you are seeing selling pressure to keep us there. All imho.

They will soon be up to 146 million. ;0)