Member Info for SocialistB

Quite a presentation on RougeBaron.com

I like the thinking behind the steps.
Maximizing profit the whole way through, from growing the agave to the customer buying the Tequila.

And the 3D virtual tour of VillaRouse was fantastic.

So the only question for me now is: TIMING

Are we lucky or unlucky.

COVID-19 and the financial problems that follows.

COVID-19, will not disappear just like that, and nor will there be a vaccine right around the corner, so it is something we will have to live with for a long time.

On the plus side, Alcohol sales are up 30% in supermarkets if I remember correctly.

On the downside, it is not going to be cheaper to run a bar/restaurant, but there surely are gonna be a lot fewer customers.
Not because people would not like to go out, but because there will be allowed less people in, due to social distancing measures.

However, you do not just open a bar/restaurant. There are a lot of preparations to do and in some cases long negotiations to have.
With leaseholds rarely to our advantage.

Maybe that will be different in this climate.
If it is, then it could be to our advantage, longterm.

Hi IntrepidInvestor and thanks for your reply to a late night posting.

I cannot disagree with a word you are saying.

Free enterprise is the life and soul of a country.
This is where innovation happens.

But I have absolutely nothing against a state owning a valuable asset.

With all the testing that is needed, the UK government will spend an astonishing fortune.

I am of the opinion that if the UK government bought Novacyt at £6 today and sold the testing kit with a small profit of 10% above manufacturing cost to the NHS and the rest of the world, everybody would be a winner.

NHS could test a 1000 people on the penny (not to be taken literally) and the UK could stamp UNION JACK on every single test that is sold internationally. (with only a small profit taken)

Gaining goodwill around the globe, will do nothing but good for us in the coming years when we are about to negotiate trading deals.

With £6 every single shareholder will get a profit.
With 60 million shares in circulation, it would cost the UK around £360 million pounds to acquire Novacyt.

I would rather pay that money and have an ownership, then pay it out in profit.
Profit is what you pay to much for a product.

And that is normally fine.
But these are extraordinary times and thus call for extraordinary measures.

I think the Conservative government has already shown that they are able to make difficult decisions that goes against their idealogical grain and I salute them for it.

In my view there is no one I would rather have running a social democratic policy then a conservative.

They are far more likely to get the balance right then a socialist ;-)

Supply and demand.
It is as simple as that.

When all of a sudden, everyone needs/want's PPI, it becomes scarce.

Testing, testing, testing.
One thing to keep in mind is that testing does not cure you.
The only way testing can help is by identifying every single infected person, so they can self isolate and not spread the virus.
At no time have the world had enough tests available to test everyone that needed it/ where it would have been a good idea to do the test.

Hopefully that will change.

Just seen Hard Talk with Gordon Brown, about lessons that could be learned from the crisis in 2008-2009.
Global coordination seems to be his solution.
Healthcare wise and financial as well.
If we do not act as one, we might get wave upon wave, when we start open up again.
(And we do want to open up again, come back to normality)

He suggested, among other things, that in lack of a vaccine we must TEST TEST TEST.

I agree, test everyone before they board an airplane.
Test people every week at work.
But it has to be at a lower price then today.
Or even better, UNITED KINGDOM buys all the shares in NOVACYT and saves the world.
At an affordable price.
Give us an offer of £6 a share and everyone wins.

Despite a world heavily affected by Corvid-19 and an Oil price that has been as low as ever, there is still work going on at HH.
Oil tankers are leaving site on a fairly regularly basis, so there is money coming in.

With that in mind, I don't think anyone has to fear that the company will buckle under.
With barely any debt, but admittedly, many more shares issued, we have managed to increase the ownership to 86%.
Yes, it is annoying that my shares carries less weight now, then before.
But rather that then, being heavily indebted.

We know that a vertical well works very well.
The horizontal concept still has to prove itself at HH.

But I have no rush in this lock down/financial climate.

Imagine a fantastic result coming through tomorrow, Do you think the share price will rocket?
Rocket it may, reaching 1p at this stage might rightfully be considered quite a journey.

But I will rather that the news first arrive in better times, and that could be as little as 5 weeks away.
Social distancing is working.
And I'd say rather extend it with 2 weeks more then absolutely necessary, and we could soon be in a much safer place then today.

So take this opportunity to load up at a low price.
When it's gone, it's gone.

Hi Shatner.

True as that may be, I find that there is a problem when a company have billions of shares.
Especially, when we are talking about a company of our size.

You have to sell millions of shares, to make a decent profit, and the market can easily become saturated.

Hi OzAu

If I recall correctly from the AGM, then GH said he would not be around for the really deep deep part of the Blockcave mining, he would leave that for his kids or was it grand kids, I am unsure on that one.
I understood this to be because, with today's technique there is a limit to how deep they can go , or have experience in going, and Havieron is open at depth.
Unfortunately he also said that he doubted that we would exist as single entity in a couple of years. (much to my dismay)

I am campaigning for maximum profit. Not for the workers, but for the shareholders.
And the best way to achieve that, is by continuously get a 25% dividend from the gold mined out from Havieron.
It is 25% of a conservative $1200 per ounce today
It is 25% of $ XXXX in 2040

Googling gold price in the year 2000, I got the following answer: $272.65
With the conservative $1200 per ounce I used before that is more then a quadrupling.

If we dare quadruple the $1200, we will get $4800 per ounce in 2040.

Some economists/investors are talking about "the great DEFLATION" that will eventually arise as a consequence of the monetary policies we run at the moment.
Gold would be a fantastic asset to be invested in.
A Tier1 gold producing mine even better.

For me it is very much about the proverb about giving a man a fish today or teach him how to fish and he will be feed for a lifetime.

As to whether Newcrest would like to have us as a minority partner or not.
Yes, I think they do. ( as long as we are silent and behave well)
I admit that pure greed dictates that they should go for 100% of the asset.
But I think they will be more then content with 75% of this world class mine.
(After all, they got the 70% for peanuts)

If we look to Red Chris, they have a JV in place.
70% Newcrest
30% Imperial
So based on past performance from Newcrest, I think they will treat us well.

But should I be wrong, I urge everyone, not to sell up, even on a good offer.
Because as shareholders, the best way to maximize on our investment in a tier1 producing gold mine is to stay invested.
For decades.

For those with a shorter life expectancy then myself, or those who have no desire to see a potentially $4800 in 2040, please decline any offer of a buyout. Whether that being Havieron or GGP.
You will still get your 20-30p this year or next

Hi Lifesagame.

If Scallywag proves to be even half the monster that Havieron appears to be.
And we get a much better JV with Newcrest (which we should, as we are no longer desperate and have footed more of the bill our self's)
And we manage to get of AIM and onto the main market.
Then I truly believe we will easily breach the £1 mark, even with more then 4 billion shares.
And lets not forget all our other assets, some which are near surface.

Kenco222

I almost completely agree with you.

But I want to retain the 25% at Havieron, so we have a continuous income for years to come.
To prove up our other assets and fund exploration elsewhere.

Let's say you were so lucky to own 1% of the company today (or 5% as one of the directors does, if I remember correctly)
Then after they have divided and deducted you still hold the exact same 1% (well almost)

For arguments sake, lets say 1% was equal to 85 million shares today.
You hold 85 million and 84 shares (85000084), so just a tad above 1%, in other words barely measurable.
After the consolidation you will now hold 1 million shares, so almost the exactly same % as before.
Almost, because you have lost 84 shares (they will, however go to the company and strengthen their coffer)
I am sure you will agree with me that, that is barely noticeable.
And properly the best solution that could be achieved

For the math guy's out there, can anyone explain to me why dividing by 85 is better then 100?
Does it have anything to do with the 64 extra shares that need to be "printed"

All in all, I think it is a good suggestion.
In fact, I think it is a VERY good suggestion.

Therefor we should remain a stakeholder in the project.
It is the best way to maximize the the profit from the find.

And a find like like Havieron, they only come around every so often.
Not a daily occurrence.
Not even for GGP.

Schlemiel, good find.

Following quote from the article: “SRK considers the market would pay in the range between US$108 million and US$233.6 million, with a preferred value of US$173.6 million for a 100% interest in the Kharmagtai Project.

The market are willing to pay this huge sum, only because there is still an even higher profit to be made for the new owners, over the lifespan of the mine.
And I want to get a share of that profit.
Otherwise I will always find that it was sold to cheap.

Lenz

And the long run would be much better for us as well.
Why only get paid a few hundred per ounce in the ground when you can get 25% of a years full production - (minus) the operation/production cost of course.

When I say say Mid tier mining company, I do not necessarily mean an actual mining company, although I would like us to make that jump.

I am happy to leave the difficult block caving to experts like Newcrest and why not keep up a good partnership with them.
At the AGM it was my understanding they had done nothing but good for GGP on the ground as it is harsh conditions our team are working under. (Hot, like in very hot)

But I most definitely want a better deal then we got on Havieron.

Some say buying Manhattan for some glass pearls was the best deal in history, and that will likely still remain the case, but this could be a close contender as number 2.
70% for some $60 odd million, of this asset.

I acknowledge it was needed to propel us forward.
But propel us forward it also has to do.

In the end Imperial was paid 800 million by Newcrest, for them to acquire a 70% stake in Red Chris, if we get the same for them to acquire 75% of Havieron then I am fine with that.

We can then move on and prove up our other assets. And move away from AIM.

If 80-90% of companies on AIM ends up failing why would you sell up at a paltry price.

Lets become 2020’s ASOS

If we sell 5% at a fair market price and use the provenue to develop our other assets we could become a mid tier miner and our value could go up with 40000% like it happened to these few select companies.
This link is well worth a read:
https://stockhead.com.au/resources/this-is-how-3m-market-cap-minnow-ramelius-became-an-850m-gold-miner/

I hope we will be next, but that would be years in the future, but hey for a LTH it is worth waiting for a gain in the 1000% range.
And for those happy with 10 or 20p per share, they will get their wishes long before.

We can do better then just becoming a 1 Billion company.

As to why Newcrest is doing what they are doing, I cannot tell.

But based on their behavior in regard to Red Chris and their JV with Imperial who still holds 30%, I doubt that they will make a hostile takeover attempt.

It takes two to tango, or in this case a sale of GGP and I hope I can convince many on this board that GGP is worth at least £1.

Not for Havieron alone.

But definitely as sum of all it's part.

We just have to play our cards right.

And for me, that means moving into becoming a mining company as well.

Gold is hard to find and even harder to find in huge assets.

Greatland Gold has been around for quite a while and only recently managed to acquire licenses with this potential.

There has been some severe dips along the way.

I would like to see a pretty much upward projectory from here.

Other companies that have made the journey from explorer to miner have have increased there worth in the multiple 1000% range.
To accept a paltry 100% rise would be a desperate call and could only be worth it if you have shares it multiple millions.
For the rest of us, decline any offers for the company, less then £1 pound, and decline any offer for selling our 25% stake in Havieron.
Newcrest will mine it perfectly for us.
Our expenses will only be 25% of the cost.
And our gain will be 25% of the profit.
For decades to come (if it is as big as we hope)

Hi Mushroomkid.

Unfortunately you could very well find yourself in a situation where you feel you are damned if you do and damned if you don’t.

It all depends on your personality.
Is the glass half full or is it half empty.

So find the lowest number that makes you very happy, that are achievable and would be life changing for you.

Therefore, I suggest you sit down and make a few calculations and scenarios.
What do you think is the realistic share price that is achievable here? 10P, 15p, 20p, 30p, 40p…...£1
How many shares would you be okay with having sold at a lower price should the final share price reach any of the above targets?

So how many thousands shares are you happy selling at 8p (with an awesome profit to you by the sound of it) if the share price happens to go to 20p?
And how many thousands shares are you happy to sell at 20p (with an even more awesome profit to you) if the share price happens to go to 30 or 40p?

Top slicing is a good thing, as long as you do not beat yourself up to much, should the share price later on exceed your expectations.

Will the remaining amount of shares you have left, make you such a huge sum, that you can easily ignore that you sold some at a cheaper price? (but still at a profit)

Thinking differently can easily become a losers game.

Trust me, because I am there.

Last summer, I had a share that shot significantly upwards over 2-3 day’s, on the expectation of some good news.
The good news arrived.
But a few weeks ago, the share price hit the all time bottom.
I have for the last ¾ of a year been beating myself up over not selling more into the rise then I did.

So to try to avoid that situation again, I will be acting differently with GGP and do more top slicing then I did with the other company, but still keep the vast majority of the shares.

Because this one, is the life chancing one. (I hope)

Yesterday, I spoke to someone at Hill Dickinson, who confirmed that their premises on Jeremyn street in London would be closed today and no AGM could take place there on the 2 of April 2020.

I tried to contact Gunsynd on the phone number listed on their webpage, which incidentally is also the phone number listed for Mr. Harris in an RNS from the 6th of March 2020.

Phoning this number, I got hold of someone at Cadence Minerals, who had no knowledge of a Gunsynd AGM.

I also spoke with my broker, who informed me that they had not received any information about an Gunsynd AGM and that was the reason why they had not contacted me in regard to this.
From their point of view, no Gunsynd AGM was to take place.

I then send a message to Gunsynd, as I would like to participate online or over the phone, in case the AGM is still taking place in some way or form.
No answer.

And now we are being told the AGM went ahead.

It baffles me.

It gets worse.
in the RNS Number : 3366F from the 6th of March 2020, the " Posting of Shareholder Circular and Notice of AGM"
Here the contact number for Mr. Harris is exactly the same as the one listed on the Gunsynd webpage.

The best explanation/excuse I can come up with is that Donal Strang is a Finance Director & Company Secretary at Cadence Minerals and for some reason is sharing a secretary to save on expenses.
The usual secretary is staying at home due to the COVID-19 Virus and the temp of the day, had not been properly informed.
Is this possible, yes.
Is it also possible that I am grasping at straws here, unfortunately yes.

Come on BOD, install some faith in us.

I still have a dream to become a mid tier miner.

Why??

Well, lets call it greed. I would like to replicate Northern Star, who gained almost 40.800%
Yep, you read that correctly, FORTY THOUSAND EIGHT HUNDRED PERCENT

There is a wonderful article on STOCKHEAD:
“Northern Star (ASX:NST), which has grown from a $5m market cap wannabe to $9 billion mid-tier gold miner. That’s a gain of almost 40,800 per cent. “

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

If the link does not work, google: STOCKHEAD RAMELIUS RESOURCES WATTLE DAM

With the 5 assets that Greatland got besides Haverion, I think we could potential be able to replicate this stunt and maybe even exceed it by far.

Just tried to call Gunsynd on the following Phone number: 020 7440 0640
This is the number listed on their webpage.
The lady I spoke to was rather confused when I asked about the AGM tomorrow.
She was not aware of any AGM taking place tomorrow.
It turns out the phone number is going to Cadence minerals.
Does anyone have a suggestion where to find the correct phone number?