Member Info for sandgrounded

With the markets reacting to the new Covid strain, you have to be thankful that we now have plenty of cash in the bank and didn’t wait or worry if lending between the banks proves tight.

Snap Thinking.

Is he being so bad on,purpose? I can’t believe what he is saying. He must be trying to sell the company.

Thanks Dip, for taking the time to post the transcript of the interview on here.

Who knows, but the placing shares could have gone to a bank if they were arranging bank loan facilities for GGP. Their fee so to speak.

If the majority of these shares are going into sticky hands, then where are they getting the shares from today?

Well done Badshah.

Kettle, Sirius couldn’t get funding. We have got it in abundance. A big difference, don’t you think?

Pre market price showing as 14.6/15.5, with 21 million shares going through at 14.5p.
Could these be shorters losing positions?

After all the positive presentations and interviews over the past few weeks, tonight’s news was unexpected and naturally caused some anger, dismay and consternation amongst the shareholders. Myself included.

However I have to thank many posters on here tonight, who have changed my state of anxiety into intrigue about what is to come over the next few days and weeks.

Will we get news tomorrow? I would prefer it on a Monday, when we could get a good head of steam up if the news is positive. Having said that, news tomorrow would allow us to debate and examine what could be going on.

My favourite suggestions tonight are
1) a pre- requisite raise to allow the full bank loan scenario for Havieron and our other assets.
2) a way to allow shorters to cash out by participating in the fund raising.
3) cash needed for drilling our Havieron type twins which have just been reported (plus Scallywag drilling)

My ‘ outside the box’ thinking
The timing suggests something has suddenly cropped up. Was someone about to make a hostile takeover bid?
Or
The controlled cash raise will squeeze shorters, who were expecting an open placing.

There are so many connotations here, which I find quite exciting and can’t wait to see what happens.

Thank you for a good debate tonight. There weren’t too many sniping at some of our fellow shareholders, who are rightly held in high regard. Looking forward to tomorrow.

Would arranging bank finance now, make it more difficult for GGP to be subject to a hostile take over?

Shady, from tonight’s Rns….

-- accelerate exploration activities on the Company's 100%-owned licenses to target new discoveries similar to Havieron in the Paterson region;

A few days ago, I was getting a bit fed up with the arguments over whether we were being shorted or not, so I posted a message asking for Shaun’s help in providing some news please. Well he certainly has provided that tonight lol.

(Excuse my flippancy. I am excited to see how this plays out.)

Spoon key, they will not do a placing and then issue bad news, otherwise they will never get another one away.

There is an element of speed in arranging this cash raise, with pi’s only given a few hours to participate. Shares are due to be admitted by next week which seems to suggest that the placing is already done or as near to as makes no difference.
So the question is why the need for speed? More news to come I think.

Well we are still waiting for the juri drill results.

Probably over subscribed by those in the know.

The retail offer closes in two hours lol!

Well it won’t be the juri j/v drilling results. Unfortunately GGP have form for delaying poor news. ( Newmont j/v and Scallywag results).

I would love to be proved wrong though!

You have to laugh. The CPI figure in September ( used to set benefits, pensions etc) went down from 3.0 to 2.9 percent, against the rising trend. This month up a whopping 4.2%.

I will let people make up their own minds.