George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
May be an error somewhere. Morningstar are also reporting Van Eck Associates Corporation holding 455,213,046 as of March 31.
https://www.morningstar.com/stocks/xlon/ggp/ownership
That is a good point Tav:
The Retail Price Index (RPI) measures the change in the price of goods and services purchased by consumers for the purpose of consumption. RPI differs from Consumer Price Inflation (CPI) in that it only measures goods and services bought for the purpose of consumption by the vast majority of households and includes housing costs, which are excluded from CPI.
This is a much better measure of how most people will experience rising costs.
Good morning TT,
You can download a PDF version of the Hannam doc here:
https://greatlandgold.com/wp-content/uploads/2022/04/20220405-Hannam-Partners-Scallwag-Results.pdf
Unfortunately LA I think we need a resolution to the 5% more than NCM. From our perspective, getting rid of the NCM outstanding loan is almost a prerequisite for gaining the necessary support of the banks in funding our end of the mine. Sandeep understands this as well as Shaun, and he is trying to provide some extra room for Shaun to to get the 5% done.
Only Sandeep can refuse the 5% sale, we have no option but to sell if NCM want to buy.
From my understanding of the situation, it would appear that NCM's initial figures were ridiculous. Having said that, both parties, especially GGP, want to avoid the matter going forward to arbitration which may take a protracted period of time. SB is possibly suggesting the 20% in an attempt to give SD a way of accepting a slightly lower offer than he would have wanted, but it will still be much higher than it would have been prior to the MRE2. This assumes off course that SB can get to within 20% of were Shaun believes our value to be.
TT, Jerryspaniel confirmed SD's position on the short. Perhaps a review of yesterdays posts .
"SD is not at all bothered by the JPM short. He comes from the Rick Rule school (and mine too) that shorts are no big deal, as they will eventually be buyers. He thinks the short is directly linked to the 5% negotiations, which I am not sure is right. But if it is it should be closed after the 5% is done.
The progress of the decline has been a worry to me, but he explained it well as Bamps has previously outlined."
Well that is the inflation numbers out:
UK inflation hits 30-year high of 6.2% as Sunak readies response
LONDON (Reuters) -British inflation hit a 30-year high of 6.2% last month, at the top end of expectations among analysts, according to data published on Wednesday hours before finance minister Rishi Sunak announces how he will help ease a cost-of-living crisis.
The median forecast in a Reuters poll of economists had pointed to a reading of 5.9%. Only three of the 39 respondents had expected such a strong reading.
The Office for National Statistics highlighted household energy bills and petrol as the biggest drivers of inflation in February.
The ONS said consumer prices rose by 0.8% in month-on-month terms, marking the biggest February rise since 2009.
Last week, the Bank of England raised its forecast for inflation to peak above 8% - more than four times its target - during the April-June period. Regulated household energy bills jump by more than half next month.
https://uk.investing.com/news/economy/uk-inflation-hits-30year-high-of-62-as-sunak-readies-response-2610496
Hi MFU,
Unfortunately the statement, " As disclosed on 26 September 2016", suggests strongly that this information pertaining to the the Company assigning 75% or more of its right or interest in Havieron to an unrelated third party, was previously notified to the market on that date. It clearly was not.
In my view this is now an issue, and we need a clear explanation as to why this has not been notified to shareholders previously.
The original agreement stated clearly:
Havieron Purchase Agreement
Under the purchase agreement executed on 26 September 2016 between Pacific Trends Resources Pty Ltd (the "Vendor"), Greatland Pty Ltd (the "Purchaser") and Greatland Gold PLC, the Purchaser agreed to acquire all of the Vendor's rights, title and interest in the mining tenement EL45/4701 (the "Havieron Project") once granted and subject to the satisfaction of certain conditions.
The consideration to be paid to the Vendor by the Purchaser consists of AUD$25,000 in cash and 65,490,000 fully paid ordinary shares in Greatland Gold PLC to be issued by Greatland Gold PLC. This consideration by the Purchaser is payable to the Vendor upon receipt of:
(a) an unstamped but registrable transfer form for the Mining Tenement in favour of the Purchaser and duly executed by the Vendor and all documents of title evidencing the Vendor's interest in the Mining Tenement;
(b) a copy of the Native Title Heritage Agreement in respect of the Mining Tenement which has been previously approved by the Purchaser and signed by all parties to that agreement; and
(c) confirmation from the Department of the grant of the Mining Tenement to the Vendor.
In the event the Licence Area is the subject of a completed bankable feasibility study and the Purchaser makes a decision to mine, Greatland Gold PLC must issue, within thirty days after the date that decision to mine is made by the Purchaser, an additional 145,530,000 fully paid ordinary shares in Greatland Gold PLC to the Vendor.
You are right TT, the statement, " or • the Company assigning 75% or more of its right or interest in Havieron to an unrelated third party.", was not disclosed in the Sept 2016 RNS as stated in this mornings RNS.
The powerful earthquake shook 60 kilometers (36 miles) below the sea off the coast of Fukushima in northern Japan on Wednesday, according to Japanese officials. It triggered a tsunami advisory for the area, The Associated Press reports.
Fukushima again.