Member Info for SouthernComfort

Must be issued to the UK market by RNS. It's material news and price sensitive.

A further future consideration, Hav holds 20mill oz/eq, stockpile 400k oz, Telfer 2mill oz and all other GGP land 10mill oz at $3000 oz.

That's an eye watering, gob smacking, fist pumping, butt clenching, sphincter twitching $97.2 billion of in ground value before costs and Gold could be higher by then, a really mind bending thought.

No new price sensitive news can be released at this event, so they either talk about what we already know, or there will be an RNS prior for anything new and or updates.

A new MRE upgrading Hav to 10m oz equivalent, 400k oz in stockpile and 2m oz equivalent in Telfer, just to be on the Conservative side, gold at $3000oz, that gives GGP an in ground value of $37.2 billion, that's before costs, and that's just what we know now.

Just sit back and let that sink in Mr Aim Spiv.

Explorer to J/Ver to big time owner producer and processor.

10mill oz/eq plus 400ish oz ready to go and possibly 1-2 Mill oz still in Telfer. While everywhere we're open in multiple directions and at depth.

While there are no guarantees in life, I'll guarantee you this, we will not not 7p by year end. That's another upwards direction that is way open.

It's like being prompted to the Premier League and instantly qualifying for the Champions League. To back this all up we have the best youth set up in WA (real estate).

We will see an increase of 1.6 in shares = 13billion, but an 2.4 increase in gold eq = 8.2 Mill.

Before the raise 7p, so on a level playing field it should be 10p.

But wait, that doesn't factor in all the other assets we will own, what value them?

I don't understand this view that the sp will see a large drop, held by some.

When the new shares come to market, why will the sp drop back to the listing price?

The raise was hugely discounted, was massively over subscribed, proving the raise price was way too low.

Then you need to remember we will own over 8 million oz equivalent in gold and copper. After aisc that's a value of $12 billion at current gold price and still much more to come.

Then we own a processing plant with multiple millions dollars of gold still available. Telfer is the only processing hub in the region for all other deposits found.

A real estate portfolio the envy of most players in the best gold prospective land on earth would die for.

So when you say we will drop back to circa £ 250 Mill mcap with all the above mentioned plus so much more, then you really don't have a good understanding of what you're invested in.

"Unfortunately pepper will return. What a sad sad individual."

And you in all your wisdom had to come along and bring him up again, sad sad individual.

"I can’t wait for the day when they announced Ggp have 100% of the project."

When and not if, wow a very bold statement. You seem very confident,

do you know something we don't ?

“ Overall, we are confident there is currently significant option value in Greatland with Newmont's 70% interest in Havieron considered non-core and our existing last right of refusal on any sale.”

And the strange part,

" If an opportunity to consolidate ownership of Havieron were to arise"

Those two statements are at odds with each other.

Is there some doubt in the GGP board room as to whether NEM 70% will be available?

Why 'IF' an opportunity were to arise? I thought the opportunity had arisen the day NEM stated it would divest Havieron.

Just over 1 year ago gold was trading around $1800 oz and GGP was trading around 8p. Fast forward from then to now and we have gold at $2395 oz and GGP at 6p.

So 1 yr ago we were valued at circa $400 million and now $300 million, hmmm let's take a step forward re the gold price.

If you take the $600 oz more now and do the math, that means that our 30% stake in Havieron has increased our in ground profit value by nearly $1.8 billion in extra profit, not total value. just the gold price increase, yet our company value has decreased by 25% in that same period. So with everything we know and yet don't know, we are being discounted on an unprecedented level. It's very clear there are some very unscrupulous people pulling some very dirty tricks to assist this major disconnect.

Don't rule out anyone that may be involved or complicit in this banditry, there will be individuals and organisations doing their absolute worst to remove you from the share register. The closer they are to the game the bigger the threat they pose.

With all that said, Havieron 30% as it is at this or higher gold price makes a complete mockery of the current sp. Should we increase our stake in Havieron then the dynamic will go parabolic, basically GGP will be known as a parabolic stock.

"A parabolic stock is a stock that has seen an exponential increase in its stock price. A parabolic move in a stock is defined by a speed up in price appreciation, relative to prior price action."

I am sure that when (not if) the news breaks re GGP clear path to production and % in Havieron, you will not get anywhere near a 6p buy in, even if we continue as is it can not be held at this price for much longer. At some point soon the speculators will move in. Even if we end up with no Havieron it's still huge upside at this price.

Some of you need to take a long hard look at the man in the mirror.

Gervaise Heddle was idolised by you all and rightly so. He took the sp from nothing to 38p and most of you bitter fuggers didn't take advantage, so you blame him and everyone else who posts for your own failures.

On the other hand, you very same bitter, holier than thou types love Shaun Day who has taken the sp from 38p to 6p and that's a fact that none of you can contest.

You are all about to find out if that trust and love is repaid.

Corporate types don't give a flying fig for private investors usually, let's hope he is different.

1- No one buys/takes on Telfer from Newmont. They then must decommission (unlikely) or get Havieron ore in PDQ.

Win for GGP.

2- A.N. Other buys Hav 70% and Telfer, GGP then go mining.

Win for GGP.

3- GGP buys Hav 70% and Telfer then go mining.

Win for GGP.

4- Separate Co's buy Hav 70% and Telfer then GGP go mining.

Win for GGP.

5- GGP buy Hav 70% only then go mining.

Win for GGP.

6- GGP take on Telfer not ideal (depends on the deal) with their 30% Hav then go mining.

Win for GGP?

7- A.N.Other buys 100% Hav.

GGP shareholders will win. lose or draw, depending on your buy price.

8- A.N.Other acquire GGP, result same as 7.

9- Joint ownership of Telfer could appeal to some interested parties.

10- GGP do a J/V with A.N. Other for % split of Hav and Telfer. GGP then go mining.

Win for GGP.

Whatever happens, it will all revolve around Telfer, I don't know where the sp will be when we find out but it won't be 6p. Though I think some here need to temper their expectations.

We need this issue resolved, get back on the decline and stop these delays that continue to help all but the retail investor.

My preference is number 3 but my head says number 10 most likely. How about you?

"I suspect its dropping mostly because quitley people are phucked off with SD & GGP not saying anything"

I think you have hit the nail there, it's understandable that many are very pizzed off.

SD has known that Palmer would divest Hav and Telfer for much longer than any of you think.

The lack of any update and no apparent progress on the water problem is testing the majority.

A hand full of hard core loyalists that post here regularly are I guess also very concerned but won't admit it. These are very testing times, 38p to under 6p is stomach churning, yet there appears to be no news from this alleged rock star BOD to steady the company value.

I guess this is the phase of retail investors falling like flies and the big money moving in, being assisted by this series of delays, lack of clarity and for me, a feeling the BOD are happy for this to continue for some time yet.

Anyone involved with The Aim market, in particular, you illicit types. Take a listen to a very well respected Australian geologist Callum Baxter on his interview posted here '8 Mar 2024 21:56'

You will note his views on Australian institutions getting involved with GGP when cross listed on the ASX, the floodgates will open, also take note of what they think of Aim "it's not their favoured market" now why would that be???????

Clearly they think you are a bunch of thieving, corrupt and conniving grifters.

Grifters : "A grifter is a con artist: someone who swindles people out of money through fraud. If there's one type of person you don't want to trust, it's a grifter:"

Oddly it's the same definition as stated for Aim market maker.

When we list on the ASX you will be shown for what you truly are, grifters extraordinaire.

Ok, so lets move to the next meeting room from this one re price disconnect to being a fly on the wall in the Fair market value meeting room with 7 people.

FMV in real time as of now with all the known knowns and current gold price.

IMO, it would go like this, 7 people deciding TRUE market value and the 7 members range in scale from ultra pessimistic to ultra positive.

I would see the sp being discussed at a range between 18 and 24p from bottom of scale to top of scale for today, no more no less.

So in essence for some perverse or illicit reason the aim market is eating itself from within. Unless the fundamentals change to the downside drastically or gold price falls back to $1000/oz, I predict this camel's back will break real soon. Too many near term catalysts for the market to continue their illicit subterfusion.

AIMO.

Not long ago gold was around $1800/oz, since that not long ago it's now $360 higher per oz. At our share of 30% = 2.5 million oz, that increases our profit on that gold by just short of $1 billion extra just in a matter of a few weeks and that's clear profit.

Yet the Market values GGP lower now than it did a few weeks ago. At some point this straw of disconnect is going to break this camel's back and some. If gold continues at this rate and we hit $2500/oz this yr, then it's $1.8 billion extra profit for doing nothing extra, now do the math for 100% of Hav, it starts to get very eye watering.

CEO of Newmont, so if I was a shareholder in Newmont I would be concerned and agitated about his forward outlook. He says

"but they are tier 2 assets, that means that their their production profile is not going to hit our T1 definition so they won't get the management time and the capital within a Newmont portfolio."

No forward looking growth strategy there then, I believe he has dropped the ball with regards Havieron and also believe it will come back and haunt him.

Where are his Tier one assets of the future? Will he return to buy Hav once it meets his Tier one criteria? What price then?

It's akin to Man City disposing of their academy programme and buying Foden back for 100 million when he was already theirs.

There is only one 'safest and govt supported mining jurisdiction in the world only one Havieron in a lifetime and they are both in Australia and he and his board of directors have decided to sell while it's still in the academy, only to be faced in the future with buying back a Messi or Foden for multiples of their early value.

All because they wrongly believe in this Tier one now policy. Limited thinking in my opinion.

Their short term cash gain will look catastrophic in his tenure should they need to add Hav to their portfolio as a Tier one mine.

Closed thinking management is to close innovation and future potential growth. Being the number one gold producer does not automatically mean you are always right.

"Raising at this level gives us less cash have always questioned wtf is going on here and whether Shaun was in on it."

That's a very valid question and should not be dismissed out of hand. Whatever happens, he was in on it, weather we get shafted or not.

I have never been for or against SD in his performance since he took over but, in 4 yrs in office, not one RNS from him in that time that has had a material impact on the sp to the upside. Way too much love for him here.

It's interesting now that many are saying "game on or over" so many high profile and prolific posters have been saying "this time next year" for the last 4 yrs.

Now he must deliver for the PI, but will he?

There are many here that have backed him unconditionally and without question, you are about to find out what he is all about for real.

Thats 2.5moz/eq to GGP. At $1000 profit then it's a value of $2.5 billion as of now.