Member Info for SocialistB

Hi again Zoros.

Maybe I am being semantic, but it is worth it, to avoid any potential misunderstandings.

The way, I have understood things could progress from here is as follow:
Newcrest will be in charge of mining Havieron.
GGP will be responsible for paying 25-30% of the operational cost's of the mine and ongoing expenses.
In return they will be entitled to 25-30% of all the ounces that are going to be pulled out of the ground, year after year after year.

If you on the other hand go after Royalties, you get an upfront sum and 1-2-3% afterwards.
That sounds like a bad deal to me.

Regarding SOLG and their way of doing things.
Well I am not to impressed with the management over there.
The way GGP has chosen to progress, seems to get things moving a lot faster.
And in my view, it has not excluded us from becoming a miner ourselves.

Good evening Hopefullygold.

Thank you for pointing out earlier today, that there are some historic finds further away from the current drilling campaign that are potentially not included in any estimates yet.
Just proves how Havieron keeps on giving and that by selling it outright, we could not possibly get the true worth of the asset.
Because it is simply impossible to know.
All will remain guesstimates.

So lets evolve, lets move on from being explorers only.
Let's become producers as well.
In one form or the other.
Solo mine some prospects ourselves or JV's, whatever is best for GGP to maximize shareholder value.

Good evening Zoros.

To answer your question:
" Would you sell 75% of your holding to a major, if you want to become a miner yourself???"

Yes.
If that is what it takes to propel me forward, then yes I would.

And luckily they did not sell 70-75% of their entire holding, but "only" of Havieron.

Retaining a 25-30% stake in what will hopefully become a tier 1 mine, would be fantastic.
In a few years time it will be money generating.

That is definitely something I would love to take to the bank, when asking for a loan to develop other promising assets.

I would expect to get some very favorable terms, although it is hard to see how the the terms can get much better when the interest rate is as low as it already is.

Good evening Drusus.
It is exactly people like you, I am trying to convert to the dark side.
With a £1 offer, please do top slice.
I know I will.
But I beg of you.
Keep the vast majority and use your remaining votes to turn us towards becoming a miner ourselves.

Please allow me to make some assumptions here.
Since you have been here for over a decade, I assume you have accumulated a lot of shares, especially since it really started to show promising results about 2 years ago.
If you have done so, you will like myself be in a life changing situation with a £1 offer.
Even if you only sell a part of your holding.

But just imagine keeping the vast majority and the share price reaches it's true potential when we are miners, now that will not just be life changing, that will be transformational.

Good evening Mineralholder and thank you for your reply.
You are so right, it will take years to achieve.
Patience is a must.

But I think that even those who's patience will run out within the next year, should Newcrest not come forward with a take over offer will be richly rewarded at today's price.

When the news about breaking ground arrives, it's gotta have a positive effect on the share price.
So to anyone who had hoped for a take over offer on 20-30 pence, should hopefully not be to disappointed.
I can only say, top slice some, but keep the vast majority and vote for us to move in the direction of becoming more of a miner then an explorer, and then you will achieve the true potential of GGP.

Hi Trucky and YNWA91. Thanks for your replies.

As to what GH has said in the past, well I'll leave it there.

Things might have changed so much since then, and if they have, so should that stance.

With the STOCKHEAD article in mind, it makes so much sense to make the transition.

It really would make wonders for the next 10-20-30 years to come.

GGP was founded in 2005, and it is first now really starting to kick butt.

It could perhaps be another 15 years before we find anything again (ignoring the prospects we already got) maybe we will never find anything again.
Many explorers don't find anything of significance at all.
It is not an easy task, as the years since 2005 will tell you.
You do need that bit of luck, that there is actually gold of commercially value in the area you are prospecting.

Now we have struck gold.
And not just that, there are indications that it is a once in a lifetime find. (including our other assets here)

Selling it for a few hundred per ounce in the ground, is selling to cheap, it is not maximizing the value for the shareholder.

I see profit as two things:

Either what you paid to much for the product, i.e. what you paid over the production cost
or
lost income that you could have had, had you followed the product all the way out the door.

I want as much of that income that walks out the door as possible, and I do not get that by selling gold in the ground.
But we will get it, if we mine it ourselves or in a JV (but on much better terms)

Drusus pointed out earlier that it would make sense for Newcrest to buy us out now, sooner rather then later.
And that is true.
It would make a lot of sense for Newcrest.
But not for us.

Yes, we would get money in the pocket sooner.

But it would only happen if us shareholders say yes.
And I hope we will say NO.

Because, I do not see a safer or better opportunity in the stock market, then us making the transition to become a miner.
And that way around maximizing our return on the gold that GGP has found in the Paterson region.

All you need is a bit of patience.
5 years should do it.

Hi StellaBob, thanks for your reply.

"We are not a mining company...", so true so true.

We are not a mining company - YET.
I, for one, hope that that will change.
Because I think that is where the true value lies.

Other explorers that have evolved and become miners have seen an explosive growth in their share price.
But not overnight, it takes some time.
But I doubt none of the ones I am aware of, have any assets like our Havieron + plus all the other promising prospects we got.
Which in my books indicates we can replicate their ascent, maybe even surpass their growth. (I think one grew with nearly 40.000% , (forty thousand percent)), so maybe a bit to optimistic.
I assume that was from their lowest point, and we are no longer at our lowest point, so 10-20-30.000% from here and I'll be a VERY HAPPY man.
Anything less, and I'll likely still be a very happy man, just not in CAPITALS.

Take a look at this article and you will see why I am so keen on making the transition to become a miner.

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

Let's not forget this sentence on GGP's front page: "The principal activity of Greatland Gold plc is to explore for and develop natural resources, with a focus on gold. The Company was established in London during 2005 and admitted to AIM in July 2006."

DEVELOP, is a keyword for me.
To me there is a possible promise of evolution.

But hey, that is my view through my rose tinted glasses.
That is my desire and wish for the future.
It does not mean that, that will happen.

Hi Drusus.

I like your estimate of 80 pence to £1, I would not mind that price at all.
And in your scenario of a take over by end of 2020, it would be a crime if it was sold any cheaper.

However I still think it is conservative.

I think a much higher price is achievable, if we play the cards right.

For that to happen,in my view, we must achieve some of the following.

Retain a 25-30% stake in Havieron (that place just keeps on giving as another contributor pointed out this morning)
Have some successful drilling results from Scallywag, Black Hills and while we're at it, all our other promising assets.
Move from AIM to FTSE.

Needles to say that we will be worth far more if we decide to be sole miners on our other assets then if we enter into another Joint Venture. (any JV has to be on far better terms, though)
But it can also be argued that there is huge upside to spreading risk, cost and gain expertise from a valuable partner (read Newcrest)

If we become more of a miner ourselves, either full-fledged on our remaining assets, or through JV's, then I think 5 years from now, people will be kicking themselves, that they did not buy this share when they could have payed only £1 for it.
(or way less)

I could not be more pleased with what I heard in today's video on LSE.

We will retain a 25-30% holding in Havieron.
Low CAPEX.
Do not dare to give a number, as it's a rare find that keeps on giving.
Might seek to finance our part of the cost through debt.

We are on the road to become a gold producer with a great partner.
This is where the true value lies long term.

Price might first really start to kick of seriously in 2-3 years time.
But that is fine with me, a good change to top up on a monthly basis.

I do not see the share price exceed 12 pence for the next 8-12 months.
Top up
Top slice
Do what ever you want, but make sure you enjoy the ride over the next couple of years.

Hi Sausageonstick.

Now that is a gamble worth taking.

But also risky, as one could miss out on the rise.

I think we will soon hear some good news.
All preparations have been made for that to follow.

Question is what will it be.

I hope for great news on the due diligence in regard to gold exploring.

As earlier mentioned, becoming an Institutional Invester in Greatland Gold would be a crown jewel for me.
As safe as safe can be, in my eyes.
But we would have to make a raise of capital.
We do not have enough in the bank to make a meaningful investment with what we got.

But there are other companies in the Paterson province that would be interesting too as well.

Enough about potentially investing in gold explorer's as it is far from given.

I would love to see Gundsynd buying back into UKOG.
I originally got invested here in Gunsynd (Evocutis, back then) because of the exposure to UKOG.
That stake have since been sold.
A re-entry at today's price would be a fantastic opportunity.

For every one new to Gunsynd, who just look's in, because we are on the Share risers board.

Only invest here if you're up for a gamble.

Based on information in public hands, like from the half year report, from last month, should you be investing in this share?

I am biased, as I have been here for years, so do your own research.

One thing I like to look at when investing, is if the Directors have skin in the game.
In RNS 8983W from 16-12-2019 we're informed, that one of the Directors have bought more shares and now owns 5.97% of the company.

We have exposure to Oil.
We have exposure to Alcohol.
We might, just might, get exposure to gold mining companies. But it is not a given.

We have no debt.
Directors have in the past shown they can raise cash and get investments.
It has already been accepted that the company can issue more shares.

We are ready to raise cash for a new investment.

I, for one hope that it will be, in gold explorer companies in the Paterson province in a Australia. A current hotspot.

It is a gamble, with this share, in these times.

But it is a gamble worth taking, in my view.
But patience is a must (for me it definitely has been so far)

Sorry my last post needs some clarification

DMagee1989

Yes I assume everyone's shareholding has been divided by 85.
All are equal to the law.

In as far as all are equal to the law.

Yes I assume so.

This could be a golden entry price.
But do not expect to see 5p today.
Maybe in the near future, if we can successfully invest in the Paterson province in Australia.

It is a different story with Antipa Minerals, but they are present in the same region, well in some cases right next to Havieron and they got acreage. And the they got an agreement with Newcrest (the same company that Greatland Gold has a JV with)
Artemis Resources also has acreage in the region and are also close to Havieron.

We have just gone through a consolidation.
We have no debt.
We should be able to raise cash for a good investment.
And in my view, it is difficult to be much better geared to the future then through:
Alcohol
Oil
Gold (but we do not have that yet)
So for less then a penny, I surely think it is worth taking a gamble on this company.
But beware of the need for future cash rises needed.
But that is only a good thing.
We could not be in a much better position to take advantage of what the future will bring.

Why invest in Gunsynd today?

To be quite honest, it is because you want to take a take a gamble on:

Alcohol

Hospitality sector

Oil

Natural resources in the form of mining, maybe even in the precious metal sector in Australia.

About the Alcohol and hospitality sector. We are invested in HUMAN BRANDS INC., soon to to be renamed ROGUE BARON.
There will most likely be a cash rise for ROGUE BARON at some point here in 2020.
They have decided to put the hospitality sector on hold, due to COVID-19.
But agreements have been struck with outlets in the US regarding some of the Alcohol brands.
Hopefully the same can be done here in the UK.

Alcohol always seems to do fine, and there is always an appetite for new products.
With a premium Tequila and a Japanese whiskey that seems to be very appealing to the young generation, we are well geared to be successful.

It is products that can not just be created on the spin of a coin, unlike gin.

Oil.
We got shares in United Oil and Gas.
They got oil producing wells.
With the current oil price, not much fun, but if you expect the price to rise then it is worth a gamble.

Talking about gambling when it comes to oil, it does not get much better then with our assets in ZTR ACQUISITION CORPORATION, this company has our former assets in OYSTER OIL.
We might very likely loose the licenses in blocks 1-4 in the Republic of Djibouti, if I have understood the interim results from 27-4-2020 correctly.
There seems to be more hope for the Madagascar assets, but we are not totally out of the woods here either.
But we can certainly hope that in these trying times, the governments in the two countries will rather deal with someone they know a little bit.
Who are debt free and can raise capital.

Natural resources, well here my biggest hope, is the stuff that we do not have yet, the stuff that might materialise in the future.
According to RNS Number : 9992K on the 27 April 2020 in the Outlook section:

“Over the past quarter the board of Gunsynd has been actively conducting due diligence on a number of early stage exploration opportunities in the Australian precious metals sector. With the current gold price reaching record highs of 1,800 USD/oz ($2,800 AUD/oz equivalent) early stage exploration has a strong tail-wind of risk capital willing to invest in in this sector. Due diligence is ongoing and the board hopes to secure an attractive exposure in this space in the short to medium term.”

I am hoping that this will materialise and equally much I hope those companies are placed in the Paterson province. A current hotspot.
There are a couple of companies here that I would deem highly interesting.
Antipa Minerals.
Artemis Resources
Greatland Gold

If we could become an institutional investor in Greatland Gold, that would be the crown jewel for me. I see this company and what they are doing at Havieron as safe as safe can be.
Almost completely de-risked.

It is a diffe

I find it hard to argue why Newcrest would not be interested in buying Havieron out, 100%.
Greed would dictate that they should.

Except that they might loose goodwill, not just from GGP but other minor explorers as well.

For us to come in on this and maintain a 25% cut for the next 20 odd + years will be transformative.
Add to that all the other promising finds that we have.
It has been a long way to get here for GGP.
You don't just find gold easily.
Nor do you just start mining it easily.

We are in a fantastic position to really grow.

The money is truly is becoming a miner our self. Maybe just as JV, but in that case on way better terms then Havieron.

I the end it comes down to us shareholders, at what price do we wanna sell.
And selling Havieron off, would in my eyes be selling off to short.
There is no reasonable acceptable amount that I would not consider to be to cheap.

We are better of, staying in a JV for the next 20 odd + years.

However I admit it will first really start o be fruitful in 2-3 years time.

Hi Dale02

You have a very generous time horizon.

It will most definitely be a success in less then 5 years, well at least I hope so. And I would like it to happen much sooner then that.

Yes, we do have some legacy investments that have a questionable change of success.

But we also have some potential good cards on our hands.

And with patience we should be able to do fine.

Rogue Baron is about alcohol.
And alcohol is always sought after.

In downtimes, alcohol consumption at home goes up (maybe not so good)
In the good times, alcohol consumption at bars/restaurant’s goes up.
And people might nurse their hangover in a hotel.

We are involved in all parts, or at least we wishes to be.

Then there is the oil licences from Oyster Oil.
The Madagascar one have kind of been sold to Sajiwin, if they can live up to their end of the bargain. Which becomes more and more difficult in these challenging times, so it might be reverted to us.
And we can sell it to someone else.
When I say sell, I mean make a joint venture.
With current oil prices, we might not get much for a license, so I will rather hold onto it and be part of some exploration that will pay out big time years down the line.
The slump in oil price is just a temporary fluke.

Hi Archway.

Yes it is correct. That is the way I see it as well.

Newcrest has to complete all 4 stages, then they have the option, not an obligation, to buy 5% at a fair market price.

There is a minimum that Newcrest has to spend before all four stages are completed, not a maximum.
So there is a good change that the decline can be paid for, before we start to incur any costs.

With the payout for the 5% at a fair market price we can then maybe pay for our 25% of the cost of developing the mine.

Or at least, it will go a long way towards it.

If we can then also prove up our other licenses and get onto the FTSE main market, then why not look at some kind of merger with Newcrest.

They would then automagically be listed in London as well.

I think that could be a possibility if Scallywag is bigger then Havieron.

And the sky would literally be the limit.

Hi Inforapoundor2

I agree that it is great news, that Newcrest is going to start with a decline soon.

We will not hear much until the second half of this year.
There is no indication of Newcrest buying us out at all.

Instead what I see, is that we will be a junior gold miner partner within 3 years.
Happiest day of my life.

Let the stock tumble.
Let the stock roll.

Let people top slice.
Let the share fall.

I got patience and am happy to wait.
And if I can get shares cheaper every month over the next couple of years, even better so.

Prospecting is hard, it has been a long and troublesome road for Greatland Gold to get to the position we’re into today.

Best way of ensuring we are worth a fortune in 20 years as well, is to tranform from solely being an explorer to become a miner as well.
In one shape or another.

And if not a miner outright ourself, then JV’s on better terms then at Havieron could also be appealing.