Member Info for SocialistB

40% up.
Vlad, please please wait buying until our share price is 20 pence.
I'd much rather have a 40% increase at that point, compared to today's share price.

Sorry, the last 2 lines should have read:

And we will get them

Eventually.

So, I found out about this company here over the weekend.

c4xdiscovery.com

And it is interesting to read some of the announcements on Proactive Investor.

Back in spring it said among other things:
"C4X Discovery Holdings PLC (LON:C4XD) inked a worldwide licensing deal with international drugs giant Sanofi worth up to €414mln for its oral IL-17A inhibitor programme."
The group will receive €7mln upfront, plus €11mln in pre-clinical payments."

https://www.proactiveinvestors.co.uk/companies/news/219394/c4x-discovery-upbeat-on-finding-next-partnership-deal-219394.html

Okay, so we have 2 different companies here, and 2 different approaches.

But that is also why, there is potentially so much more in wait for us, if Hemogenyx goes the whole mile themselves.

It is worth looking at how c4xdiscovery share price have reacted over the last year or 2 and keep that in mind.

We are all expecting news.

And we will them

Eventually.

On balance, I end up being in favor.

Yes, I am annoyed that I and fellow private investors was not informed prior to the placing occurring. And had a chance to get our desired funds available to participate.

But preventing that from happening, was the whole point, in the way it was carried out, in my opinion.

Shaun Day really wanted Institutional Investors on board at these prices, so he had probably done his preparations and lined them up prior to announcing a placing 15 minutes after the bell rung Thursday evening.

My best piece of evidence to back up this claim, is that the offer was open for 4 hours and 15 minutes. And that it happened after normal trading hours.

Here’s my 2 pence worth, of where I hope the money is going to be invested.

I would very much like to see Greatland Gold buy NQ Minerals out of administration.

https://nqminerals.com/

NQ Minerals Plc entered into formal administration on the 9th of August 2021.

Yet their Hellyer mine is still operating.

And if you look at the map on Greatland Gold’s homepage:

https://greatlandgold.com/projects/firetower/

You can see how close the Hellyer mine and our Firetower project are to each other.

And how NQ Minerals Baconsfield is neatly nested in between our Firetower and Warrentina project.

From my point of view, it would be fantastic to acquire NQ Mineral, it would give us mines that are already in operation and we would get a cashflow.

Downside is that we would also acquire debt, but then again, we already have that, so not something new.

I do not expect that Greatland Gold would be able to buy NQ Minerals out of administration for a part of the 16 million raised earlier this week, but that in combination with a loan should be able to do it.

And get a producing mine and cashflow is in my eyes one of the few things that could do something positive about our current share price.

Unfortunately, it is now clear, that one great drilling result after another is not going to do us any good as things stands currently.

Another thing that could potentially benefit the share price is to move away from AIM and into the main market, so more Institutional Investors are allowed to buy according to their own rules.

But there is also a big disadvantage to such a move.

Inheritance tax.

Currently, there is no inheritance tax on AIM shares held for more than 2 years.

It could be worth, staying on AIM and target High Net Wealth Individuals instead of Institutional Investors.

Not to mention, it could worth for a lot of the BIG LTH’s here on this board to vote against a move to the main market, for that exact reason.

How would you like to see the money spent?

My deepest condolences to his family and dearest friends. I do not know if you'll ever read these posts or if they'll matter to you, if you do. But I know, how kind words and gestures from people who was strangers to mysef, helped when I lost a close family member and I kind of hope I can replicate that for others. I did not know Craig personally, but I liked the way he conducted himself in the interviews online. And even more so the way he was running the business. Spending the money wisely, buying a house instead of paying for hotels, get things up and running, create a cashflow, and planning on building a company up from there. I bought into his vision and was looking forward to buy more in the future. To see his vision be fulfilled. Unfortunately that will now never happen under his leadership. RIP.

Hi Hodgie14.

I share your fear.

But don't forget it will only happen if a majority of the shareholders accept a takeover bid.

And I most certainly do not hope, that will ever happen.

But wishful thinking and reality does not always go hand in hand.
I HOPE that the wast majority of the shareholders are visionaries, have patience in abundance, sinew to withstand the desire to take quick profit, are greedy beyond belief, are dreamers. Take your pick.

But most all, I hope they can see the wisdom in holding strong and long as that is where the true value lies.

Greatland Gold are the owners of 30% of Havieron, no matter how you cut the cake. The only exemption to this is if we sell 5% to cheaply.
But even in that bad case scenario, GGP still sits on 25% of Havieron and a coffer full of cash to develop our other assets and pay towards Havieron.

If our other tenements are as good as we dream about, then 10 years from now it is possible that it is Greatland Gold that is the 2nd largest gold producer in Australia and no longer Northern Star.

I hope that the majority of the shares will vote to go in that direction.
To me it would be truly epic to participate in a journey like that.

Great news over the last couple of days.

Unfortunately, just not great enough to make the share price sky rocket.

But that actually makes perfectly sense.

What Hemogenyx have proven, in the last week, is that the foundation is there to truly move forward.

The licence deal is in place. (RNS 13-10-2021)

Hemogenyx is moving to new improved facilities with the ability to upscale to bigger/better premises within the JANUS group without penalty. (Today’s RNS)

http://thefactorydistrict.com/

What Hemogenyx have not proven so far, is that their medical candidates actually work on human beings.

And if they don’t, then all the good and sensible things they have done within the last week/years, the people they had already hired to sort out the licence deal and all the people they aspire to hiring over the next 3 years will be futile.

And anyone who looks at it from that perspective and are thinking that there might only be a 15% change for a medical candidate to be successful, they will consider this share to much of a gamble at this stage.

I do not remember where I have picked up the idea of a medical candidate having on average 15% chance of success, but it is what I operate with in general. Except in Hemogenyx’ case, as we have the humanized mice. Because of this and the collaboration with some significant names, I think our changes are higher then that.

So, at this stage it takes a certain mindset and willingness to risk, to invest in Hemogenyx.

And if we take and park the conspiracy theories to one side, then I have to conclude that there are simply not enough people with this mindset, that are willing to pay 3-4-5-6-7-8 pence at this stage of the company’s development.

For me it is a simple question of supply and demand.

If there was a high enough demand to buy these shares all the way up to 8 pence, then that is where the share price would be, as long as there are people willing to sell their shares at these price’s??

I have given up on understanding the market, trying to figure out, why it is sentiment works in some cases and not in others.

Maybe this share will start to move upwards on sentiment alone at some point, maybe it will first start to move when we have some positive clinical trial data. And in worst case scenario, first when we have a positive cash flow.

One thing is for sure though, if you find it hard to be patient in general, then you are not going to have a fun time being invested in this share currently, based on recent history.

@Hydrogen.
Your 18.27 piece was well written as is so many of your contributions.
I for one appreciate the time and effort you put in to argue and advocate your point of view.
Please keep it up.

25-8-2021:
Establishment of Technical Advisory Committee
Changes to the Board and establishment of the Technical Advisory Committee enhance the skills and experience required for the Company as it progresses from an explorer, through development and into production. The Company will consider adding to the Board and to the Technical Advisory Committee to further expand the Company's skill sets.
Technical Advisory Committee:
Callum Baxter
Stuart Masters,
Simon Hanrahan
Dr Ian Ritchie

Mr. Callum Baxter, we all know how instrumental he has been since co-founding Greatland Gold in 2005
Stuart Masters (MAIG, FAusIMM, GAICD, JOORC, CRIRSCO): Stuart brings 35 years of experience covering exploration, deposit definition, studies, development, mining, closure, investment/divestment in a multitude of countries and in alluvial, open-pit and underground operations at the operational, tactical and strategic level. Stuart has worked with several leading mining companies in Western Australia including Rio Tinto Technical Services as a Principal Consultant and is currently a Director and Principal Consultant at CS-2 Pty Ltd.
Simon Hanrahan (BMinTech, FAusIMM): Simon is a Corporate Consultant at SRK Consulting and brings 35 years international experience leading and managing across the whole resources value chain: feasibility studies, project construction and commissioning, and mine operations. He gained mine management and construction experience in South Africa, Australia, and the USA in gold, coal, base metals, copper, platinum, industrial minerals and diamonds. Simon works globally within SRK, across surface and underground projects and has specialist experience in caving and the transition of open pits to underground caving operations. He is also Chairman of SRK Consulting (Australasia).
 
Ian Ritchie (AusIMM): Dr Ritchie is an experienced metallurgist and Study Manager particularly on large projects. He has more than 35 years experience working with major mining companies on large projects including Newcrest's Telfer operation. His technical expertise is in comminution, gold and copper metallurgy together with an strong understanding of waste and tailings management.
Greatland Gold Regulatory News. Live GGP RNS. Regulatory News Articles for Greatland Gold Plc Ord 0.1P (lse.co.uk)

Greatland Gold Regulatory News. Live GGP RNS. Regulatory News Articles for Greatland Gold Plc Ord 0.1P (lse.co.uk)

20-7-2021:
A new corporate presentation was published on Greatland Gold’s website.
GGP-Corporate-Presentation-July.pdf (greatlandgold.com)

22-7-2021:

“Excellent Growth Drilling results continue to support potential for resource expansion with additional mineralisation identified in Northern and Eastern Breccias
Several exciting results from the South East Crescent, extending the high grade mineralisation beneath the initial Inferred Resource estimate
Early works progressing with the Karlajartu decline officially opened and advanced to 69m from Portal”

“Early Works advancing: Construction activities are progressing well with achievements including (as of 14 July 2021):
Box cut and portal completed in May 2021
Exploration decline commenced on 14 May 2021 and has advanced 69 metres
Decline contractor has moved to 24-hour operations
All surface support infrastructure is nearing completion”
Greatland Gold Regulatory News. Live GGP RNS. Regulatory News Articles for Greatland Gold Plc Ord 0.1P (lse.co.uk)

24-8-2021:
“Drilling has commenced at Greatland's 100% owned Scallywag licence testing the first of several new targets identified following promising results of geophysical analysis”
“After receiving regulatory permits the Company has commenced testing multiple new targets at Scallywag following analysis of results of a Heliborne Electromagnetic ("EM") survey conducted last year and further geological interpretation of regional aeromagnetic and gravity datasets.”
“Exploration work at Scallywag is focussed on the discovery of large-scale intrusion related gold-copper deposits such as Havieron, Telfer and Winu.”
“Shaun Day, Chief Executive Officer of Greatland Gold plc, commented:
"We are excited to have commenced our drilling campaign at Scallywag, which is focused on a number of high-priority targets in ground adjacent to Havieron. These targets have been selected due to their compelling geological characteristics borne out across multiple datasets and analysis, particularly the EM survey conducted last year.”
Greatland Gold Regulatory News. Live GGP RNS. Regulatory News Articles for Greatland Gold Plc Ord 0.1P (lse.co.uk)

4-5-2021:
Shaun Day Chief Executive Officer of Greatland Gold plc, commented: "We are very pleased to announce the appointment of Canaccord Genuity as Corporate Broker and Financial Adviser to the Company. We look forward to working with Canaccord, developing relationships with their clients and attracting new institutional shareholders to Greatland."
Greatland Gold Regulatory News. Live GGP RNS. Regulatory News Articles for Greatland Gold Plc Ord 0.1P (lse.co.uk)

5-5-2021:

It is announced that Shaun Day have been granted 5.000.000 share options at 25 pence, lapsing on the 4-5-2026.
That is £1.250.000 to Greatland Gold’s coffer should he decide to exercise his options, and quite an incentive to make sure the share price goes up considerably.

Greatland Gold Regulatory News. Live GGP RNS. Regulatory News Articles for Greatland Gold Plc Ord 0.1P (lse.co.uk)

12-5-2021:

Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, is pleased to announce commencement of the underground decline at the Havieron Gold-Copper Project.
Shaun Day, Chief Executive Officer of Greatland Gold plc, commented: "This is a momentous step in the development of Havieron as a world-class gold-copper mine. I am delighted by progress on site and this fast-tracked milestone is indicative of the potential scale of the deposit and the opportunity seen by our partners Newcrest.
Greatland Gold Regulatory News. Live GGP RNS. Regulatory News Articles for Greatland Gold Plc Ord 0.1P (lse.co.uk)

10-6-2021:

“Excellent results from Growth Drilling continue to support the potential for resource expansion within the Havieron gold-copper mineralised system
High-grade intercepts below the December 2020 Initial Inferred Mineral Resource shell in the South East Crescent Zone and adjacent Breccia Zones, and around the Northern Breccia.
HAD133 returned 85m @ 11g/t Au & 0.29% Cu from 1345m, including 13m @ 32g/t Au & 0.46% Cu from 1363m, and 14.5m @ 32g/t Au & 0.33% Cu from 1396.5m1.
High-grade Crescent Zone remains open at depth.
Additional mineralisation identified in Northern Breccia Zone, highlighting the potential for resource extensions outside the existing resource shell.”

“Early Works Underway: As previously announced, surface earthworks are largely complete, with the box cut complete and decline development commenced:
Excavation of the box cut commenced on 8 February 2021.
Commencement of the underground decline access, from the base of the box cut, was announced on the 12 May 2021.
The Joint Venture is progressing the necessary approvals and permits for the development of an operating underground mine (subject to a successful exploration program, feasibility studies, market and operating conditions, board approvals and a positive decision to mine).
Work continues to investigate the potential to achieve commercial production at Havieron within three years of the commencement of the decline.”

19-4-2021: No fantastic drill results announced, but I am still very happy with this comment from Shaun Day:
"Greatland has established a proven approach to exploration that brought it much success at Havieron: drill selective targets, analyse the information and refine targets to unlock value from our projects. With these encouraging initial drill results, we now have a significantly enhanced understanding of Scallywag's geology and have been able to identify multiple compelling targets that merit follow-up drilling in the coming weeks and months, particularly Swan, Teach and Architeuthis. These will form an important part of the comprehensive exploration campaign we are conducting across our 100% licences and our Juri Joint Venture."

Greatland Gold Regulatory News. Live GGP RNS. Regulatory News Articles for Greatland Gold Plc Ord 0.1P (lse.co.uk)

22-4-2021:
“Greatland commences drilling campaign under Juri JV with Newcrest.”
“Drill programme underway with focus on high-priority targets within the Paterson Range East licence including Goliath, Los Diablos and Outamind.”
“Greatland is currently the manager of the Juri JV. “
Greatland Gold Regulatory News. Live GGP RNS. Regulatory News Articles for Greatland Gold Plc Ord 0.1P (lse.co.uk)

22-4-2021:
Result from General Meeting:
Although less then a fifth of the shareholders cast their vote, then 98% of those who do, vote in favour of the resolutions.
Greatland Gold Regulatory News. Live GGP RNS. Regulatory News Articles for Greatland Gold Plc Ord 0.1P (lse.co.uk)

29-4-2021:
Shaun Day, Chief Executive Officer of Greatland Gold plc, commented: "We are very pleased with another set of excellent results which continue to highlight the world-class potential of Havieron. The latest results from the Infill and Growth Drilling campaigns further support the delivery of an Indicated Mineral Resource as well as the potential expansion of the Havieron gold-copper mineralised system.

Best New Results ("Growth Drilling" - not previously reported)
Northern Breccia1
§HAD083BW4
o 156.6m @ 1.1g/t Au & 0.22% Cu from 805.8m, including
o 27.4m @ 2.6g/t Au & 0.49% Cu from 923.5m
§ HAD090
o 119.0m @ 1.0g/t Au & 0.11% Cu from 954.7m, including
o 3.0m @ 4.1g/t Au & 0.67% Cu from 1042.2m
§ HAD106W1
o 73.9m @ 1.5g/t Au & 0.13% Cu from 673.1m

South East Crescent and Breccia1
§ HAD086
o 72.0m @ 2.2g/t Au & 0.02% Cu from 1281m.

Greatland Gold Regulatory News. Live GGP RNS. Regulatory News Articles for Greatland Gold Plc Ord 0.1P (lse.co.uk)

There has been so many good news over the last couple of months and yet still the share price is low, or more correctly lower then at the beginning of the year.

I personally quite like that, as everything about Greatland Gold has just gotten better and better. And I live in the hope that one of my other investments will come through and I can move the profit over here. And the cheaper the shares, the more I can get, so what’s not to like?

One could argue the expense for all the new employees. How are that going to be financed. We currently do not have an income! And correct as that may be, I am not to worried about it, as we had around 6 million as “Cash at bank and in hand” on the 29-6-2020.
Greatland Gold Fundamentals. GGP Accounts Data - Profit, Loss, Key Figures for Greatland Gold Plc Ord 0.1P (lse.co.uk)

But even I have to admit the list is getting longer and longer. Currently I count the following to be on the payroll:

Shaun Day
Callum Baxter
Alex Borelli
Clive Latcham
Gemma Cryan
Christopher Toon
Otto Richter
Stuart Masters,
Simon Hanrahan
Ian Ritchie
+ the to me unknown people (both number and name wise) on the ground, doing all the hard work.

But I am sure we can easily raise more cash by issuing some extra shares, should that be necessary.

But I have an altogether different hope in the first place.

With all the expertise we have recently acquired, I would really like to see some action happening in Tasmania.
With gold near surface, and exploration taking place since 2006 it would be great to see the beginning of some open pit mining and for Greatland Gold to become cash generating.

A JV or just a processing agreement could be made with NQ Minerals, for instance for the use of their plant at Beaconsfield. Especially for the Firetower project.

I would not like to sell the Tasmanian assets for gold in ground prices.

I would much prefer to have 2 operating mines in Tasmania, along side what we got in Western Australia.

If an earthquake or anything else for that matter should shut down the Paterson Province for a short or long while, then it would be great to have 1 or 2 operating mines far far away.
And vice versa.

So all in all, I do not really see any reason to be negative about either the share price or Greatland Gold as a company. If you're in doubt, have a read on some of the RNS’ from the last 6 months or so.

And if that does not assure you, as to where we are heading, (hopefully) then you’re better of cutting your ties with the company.

Resume of selected RNS’:

8-2-2021: Shaun Day is appointed new CEO. Shaun Day have worked for Northern Star, although this link is to an article mainly about Ramelius Resources, Northern Star in mentioned in the very beginning and it says all we need to know about Shaun Day. (admitted, he can not take the credit single handily)

https://stockhead.com.au/resources/this-is-how-3m-market-cap-minnow-ramelius-became-an-850m-gold-miner/

@TakinMyTime.

I'd like to wish you all the best for your future.
I have thoroughly enjoyed our conversations and will miss your contributions.
Your sharp pen have so often nailed the point so well.
All the best to you and your kids.

I hope he is going to have a good look atar our assets in Tasmania
GGP has been drilling and exploring here since 2005-2006, and there is gold near surface. It would be great to make a portnership with a processing plant.
For a long time I thought NQ Minerals would be an option, however I am unsure about what is happening there right now.

But GGP, is so much more then just Havieron.

Havieron is just the catalyst that is going to set us of on an astronomical journey.

So we most definitely need good people on board

I would like an answer to the question that has been nagging me for the better part of 3/4 of year.

Why was the Juri deal done on such favourable terms to Newcrest?
Giving up 75% for a paltry few mllions, and just on exploration. No 5% sale at a fair market price later on.
In my view we were in a better position of strength when that deal was struck then when the Havieron deal was struck, so why accept those terms.
To me it looks like one of the worst deals ever, UNLESS it was to secure our indepence and make sure we can grow and become a sizeable company in our own right.

I would so like to hear Shaun say that.

Or any other good explanation. There must be a good explanation. And I would like to know what it was/is

Hi HarChris.

I don't think there is a huge risk of Hemogenyx going bust.
They have just accepted a CLN loan of 12 million. So should be well funded for the foreseeable future.

That loan, might have a significant influence on why the share price is where it is today.
But in the end, it is us investors, who have the last say.

What do we want to pay for a share at a given time.
Do we want to sell with a loss, because we think we can get a healthy profit faster somewhere else?
So if enough of my fellow investors here are willing to sell shares in HEMO sub 1 pence, well then that is where the price will go.
But that will not have an influence on the 12 million funding we already have.
Question is if we can have another drawdown of the 60 million loan facility, if the share price falls sub 1 pence.
I have no clue about that one.

All we need is Hemogenyx to deliver some positive results, financed with the loan we already got.
I hope and believe they can.
That is why I have been buying on the way down from 10P, 8P, 6p, 3p and now 2p region today.

Sorry, forgot the price.

GUNSYND@ 1.85 pence

Hi HedgeHogarth.

Well, in my my view there are no better opportunities then HEMO at these prices. But that is with a long term view.
Will it be a winner over the next 3 month's.
I kind of doubt that.
It could fall more, but I am NOT willing to take a chance on that, so sold slightly less then half of my holding in Rambler and put most of it in HEMO earlier today.
Should it fall to 1 pence, happy day's, I'll seriously consider selling my other half in Rambler to build a, for me, serious stake in Hemo.
Nothing bad to be said about Rambler, but at these prices HEMO is a steal.

Back to your challenge though. My vote goes to: GUNSYND.
They have a diversified portfolio of interests in gold, copper, bookies, alcohol and oil. (although the oil seems iffy)

Dear Paddy.
My deepest condolences to you and your family in a challenging time.