Member Info for sandgrounded

Are they setting this up for a 14.5 finish? Wouldn’t surprise me!

Roses are red
Violets are blue
Gold to dig up
For me and you.

Pathetic attempt I know, but can you do better lol?

Negotiations on the 5% are expected to be concluded by mid February, which happens to be Valentine’s Day.
Will the mutual respect each company have for each other turn to something more serious.?
A valentines note for all shareholders would be nice. ;0))

Zoros, true. We may find more gold as we go on. This was a valuation based at the time of the 5% payment and is for illustration purposes only. I agree though that many things can change as we go forward. Thanks.

I have been doing a bit of working out on how much our shares will be worth if we get a certain amount offered for the additional 5% of Havieron.

The price is only based on valuing Havieron and does not take into account, cash in the bank or any value put on our other properties.

I am also assuming that we will have to pay 50 million back to Newcrest and whilst that loan was in dollars, for ease of calculations I have assumed it is pound sterling. ( with 8%interest etc to be paid, accounted for in this sum)

I have calculated the value based on the current shares in issue and also taking into account options and the amount due to Pacific trends.

Shares now - 4,046,547,171. Shares after options etc. - 4,295,077,171.

amount received for 5%. Less repayment of loan Add 25% retained. Price per share now. Price per share after options.

100 million. 50 million. 550 million. 13.59p. 12.81p.
150 million. 100 million. 850 million. 21.00p. 19.8p.
200 million. 150 million. 1150 million. 28.42p. 26.77p.
250 million. 200 million. 1450 million. 35.83p. 33.76p.
300 million. 250 million. 1750 million. 43.25p. 40.74p.
350 million. 300 million. 2050 million. 50.66p. 47.73p.
400 million. 350 million. 2350 million. 58.07p. 54.71p.
450 million. 400 million. 2650 million. 65.49p. 61.7p.
500 million. 450 million. 2950 million. 72.90p. 68.68p.

I just hope it formats correctly. Good luck all holders.

Time for gold, please help Stephen Beetham lol.

Newcrest has an option to acquire an additional 5% of the Havieron joint venture. That means (IMHO), all of the minerals within the area of the joint venture, not just the initial proposed starter mine. If the MRE 2 area only covers the starter mine then a fair market value cannot be calculated. You cannot ignore the drilling results at depth and in the Northern and Eastern breccia areas as well as Hav North and Zipa. I am sure Shaun and his team will be calculating their worth, which I expect will be a lot more than the analysts expected 12 million ounces referred to in the first MRE.

“As i have said over.... "The analysts and the market just 'do not get' their appreciate the significance of the situation here..."

Oh but they do and they will try every trick in the book to get your shares off you, at the lowest possible price,

There are so many eloquent posts here today that show the good side of this bulletin board.
My sincere condolences for your loss.

I wonder if they have hedge funds in the Virgin Islands?

We had a big player who sold out at 12p, now that number keeps getting mentioned. Do they want to get back in?

Let’s see if the rocket takes off in 30 minutes time.

Good luck.

US inflation figures later. Let’s see how they effect the POG.

50/50

Could anyone answer the following questions as I am intrigued to know what the answers are or could be.
1. If Newcrest and Greatland can’t agree the 5% valuation, who pays for the independent valuation? Is it 5059 or 70/30 as per j/v or is it the one who loses?
2. Once the 5% is obtained, does that mean the ‘Farm in’ period is over and Newcrest lose the right of first refusal on Scallywag?

Thanks in advance.

Good post Bamps. NCM will pay us on what is known, not what may be found in the future. Having said that I think the North HAV and Eastern Breccia areas will have been drilled and so we and they will have an idea what is down there.

Thanks. I understand what you are saying now.

SAS, you say My simple back of fag packet calculations is as follows.

$1000 profit per ounce
10M ounce mine = $10B profit
5% of $10B = $500,000,000.

With respect, You can’t expect Newcrest to pay that as they would make nothing from the deal.

I respect you and others trying to make an educated guess at the value of the 5%, but I will wait to see what the MRE2 reports.I am hopeful and excited that the new figure will exceed the xpectations. Good luck all holders.

Someone last night mentioned the Rns dating the 9th December. I’m glad they did as this is the first sentence of that message….

“ Potential for a significant upgrade of the Inferred Mineral Resource to an Indicated Mineral Resource with results including 113.8m @ 3.4g/t Au & 0.1% Cu from 996.2m (HAD150W2)”

SIGNIFICANT UPGRADE. Need we say more?

No it was directed at Nothingspecial

Sorry MadMag, your post got there first as I was typing.