Member Info for sandgrounded

Let’s get the Bank Holiday out of the way and hopefully see a nice Rns on Tuesday.

Have a good weekend.

That’s the problem with the Human Rights Act. It gives all the rights to the individual without balancing the rights of society. I’m all right jack, b****r you!

I know my rights but to hell with taking responsibility for my actions.

JiffyBag…apologies for typo.

Courtesy of Jiffy ag on the GGP Board…..

Short and Distort?.....https://www.investopedia.com/articles/analyst/030102.asp

Pre opening prices for Abingdon are looking strong. Let’s hope ODX is caught in the slipstream. GLA.

That would be good Mizman.

Thanks for your good thoughts. I am sure it will come eventually. All the best.

Lifesgoody, that’s fine if you want to believe that. I am not here to quarrel with anyone. I wish all holders good luck for a turnaround in the share price.

Can’t afford any more. I am about 25k under water at the moment with my 81 k shares.

I can understand why you may think I am de ramping, but this company is very frustrating.

“Scotland's Health Secretary Humza Yousaf welcomed news of the study, saying: "It is vital that we have the fullest understanding possible of vaccine effectiveness and the immune response of the broader population.“

Don’t know if I am reading too much into this, but why get a statement from the SCOTTISH health secretary?

Napthman, on reflection I think my post to you was a bit blunt, for which I apologise. I do have to agree with MFU though and say the results for HAV, will only come out on the scheduled day in September.

Other results for the juri j/v, I thought would be in GGP’s hands as they are the lead explorer for the first twelve months. They are due any time, but whether we see them soon, I’m not too sure. Good luck in any case.

I can’t see us getting results before they are due In The scheduled report in September. Napthman you said the same before Newcrest annual results, earlier this week, hoping for the delayed drill results to be published then. I know it isn’t nice if you have to, but You aren’t having to sell very soon are you?

Also on the subject of takeovers and pi’s not accepting a low offer. Would we have a say, if it was only Hav being sold and not the whole company?

Yes.

You only have to look at all the ‘rounded’ number of sells this morning and yesterday morning to see that there is a concerted effort to short this. The increased number of de-rampers on the boards confirms this.

Keep holding tight, news is just around the corner and these shorters know it. We could be in for a nice squeeze.

I haven’t a K W idea sorry.

“ Otto's recent roles include Group Study Manager for Resolute Mining Ltd, Principal Consultant for Snowden Mining Industry Consultants and Mine Planning Manager for Newcrest Mining Ltd - Telfer Mine.”

If he was working for Newcrest, then why do we need to appoint him as well?

Could we have some other areas of attention other than Havieron?

For the first twelve months ( at least), the Juri j/v will be managed by GGP.

Therefore any drilling results are not dependent on Newcrests timing of their ‘mid quarterlies’ results for their projects and so could come at any time. Keep holding for the gold.

Price over earnings gives you the P/E ratio.

If you use an average P/E ratio for the mining sector and know the earnings, you can work out the price of the company.

That is a very simplistic way of calculating it.

Now onto something much more interesting. The roads leading to nothing? Don’t think so. Do you?

Not sure if it’s the PFS or the full feasibility study. Please see below, taken from the original rns….

-- After meeting the milestones in the four-stage Farm-in (set out below), Newcrest has the option to acquire an additional 5% interest at fair market value taking Newcrest's interest in the Farm-in to 75%.

-- Newcrest will have the right but not the obligation to acquire up to an initial 70% Farm-in Interest in the Tenement Blocks in accordance with the following four-stage farm-in procedure:

o Stage 1: Newcrest incurs US$10 million in expenditure (inclusive of the Minimum Commitment of US$5 million) in relation to the Tenement Blocks (the "Stage 1 Commitment") within a period of 12 months;

o Stage 2: If Newcrest incurs an additional US$10 million in expenditure in relation to the Tenement Blocks (the "Stage 2 Commitment") within a period of 12 months from the date following satisfaction of the Stage 1 Commitment, Newcrest will earn a 40% Farm-in interest;

o Stage 3: If Newcrest incurs an additional US$25 million in expenditure in relation to the Tenement Blocks and delivers a Pre-Feasibility Study for a project on the Tenement Blocks (the "Stage 3 Commitment") within a period of 24 months from the date following satisfaction of the Stage 2 Commitment, Newcrest will earn an additional 20% Farm-in Interest (cumulative 60% Farm-in interest);

o Stage 4: If Newcrest completes and delivers, or incurs no less than US$20 million in expenditure toward the carrying out of, a Feasibility Study for a project on the Tenement Blocks (the "Stage 4 Commitment") within a period of 24 months from the date following satisfaction of the Stage 3 Commitment, Newcrest will earn an additional 10% Farm-in Interest (cumulative 70% Farm-in interest).

I think there was a change in the stage 3 part of the agreement when the decline was being financed and the pfs was dropped from that stage. Now do they need to complete stage 4 before making a bid for the extra 5%? That would take it into 2022.