Member Info for SpadesAspade

Tradeorlth your talking through your backside.

“It's not that easy to raise finance with soaring inflation with favourable outcome for shareholder.”

What is it you think banks do to make money ? Keep cash locked away in a vault until things get better.

No, they don’t. They actively seek out companies just like GGP, to lend money out to.

That is their business, they loan out everyone else’s money to anyone who they risk access can pay it back plus interest.

You obviously just don’t get it.
60% of every penny that most people earn ends up with the banks one way or another, whether that be buy savings accounts, mortgages, insurance policies etc etc.

We live in a world where the banks control everything.

For every account holder that gets paid interest on their deposited cash, how do you think the bank pays that interest.
By lending it out for a much higher percentage, than they pay back to the likes of you & me.

Banks will be battling each other to lend GGP the money they need.

Banks don’t want money sat in their vaults, as that is a liability to them.
They want to get rid of it asap, and transfer the liability into an asset.
An asset is something that brings in money.
A liability is something that costs you money.
Banks love assets, and Havieron will become a massive asset, so please don’t comment on things that you appear to have no knowledge of.

I put a post up the other day stating that most people have never been taught how money & finance work, especially debt finance, and you have just proven again, that you have no idea.

Do yourself a favour and learn about it before it’s too late.
You will quickly learn what has never been taught, and will stand you in good stead for the rest of your life, that the western world live’s for debt.
Without it, it can’t function.

Ignore that, miraculously they have all appeared again.

Where have all today’s messages gone.

Well I hope they have more SWAG in their bag, because if they think the majority of Pi’s will accept the sort of numbers you have been spouting, then I’m afraid your both gonna be disappointed

And just to balance it up, what about his tenure at Northern Star as CFO, how did that fare ?

You’ve suddenly changed your tune
Why ?

Greenfish are you for real, have you done any research whatsoever.
I think not.

As has been said a million times, GGP obligations to pay off the loan with NCM, will be funded from the sale of gold once production has commenced.
If Newcrest go hell for leather at it, then we re-pay it faster you tool.
Jeez, a village somewhere is missing someone tonight.

Doggy, Shaun won several euro lotteries today not just one.
Let’s just look at this decision not to purchase the 5% in layman’s terms.

It’s been eluded to that 20M oz’s is not out of the question.
My own opinion is that is a minimum.

Based on 20M oz’s, NCM decision not to proceed with the 5% purchase has in effect given GGP all the funding it should ever need, instead of the paltry sum of $60M.

5% of 20M oz is 1M oz.
1M oz x $1000 per oz profit = $1B

Now I know it’s gonna take a few years to dig out 20M oz’s, but the way I see it is, say the POG goes to $2500 per oz over the next few years, then whatever the cost to fund our share of the mine will be, the 5% pays for the lot for the next 50 years and still have change.
And to think 20 hours ago, we might of only got $60M for it, I along with SD couldn’t be happier.

No wonder out of 52 recommendations in the latest Sprott note, 51 recommended BUY.
Go figure.

Forrest why are things bad ?
Shaun has always stated that he didn’t want to give away another 5%, and in his opinion it should have never been written into the JV in the first place.
With a lot of hard work, he has achieved the impossible, by forcing NCM to acknowledge the MRE that GGP put out in March, thus putting them into a position that they either stumped up $60M as opposed to possibly $8M that was alluded to by Shaun.
What’s not to like about that ?

I must say after watching the interview earlier, I was a bit disappointed in how Shaun conducted himself.

I thought he would of come on doing a Premiership knee slide, followed by a Gazzaesque champagne bottle celebration, ending with a Nobby Stiles dance around the studio.
;- ))))))

Greggie a low-ball offer will never get accepted, so what makes you think it could ?

And that argument that all the folk who bought in the 20’s would sell up just to get their investment back, is just poppy****.

The ones who bought in the 20’s and above, probably represent around 5%-10% of the shares in issue, and would have no bearing on any vote.

So why are you so worried, especially when the bulk of your holding was bought for under 2p, and even though you bought some at higher prices, I bet you still average below 6p.

Yes I agree, it’s not nice to see your paper profit being eroded away day after day, but you either believe in the asset or you don’t.

If you believe in it, then just wait patiently like the majority of LTH’s.
If you don’t believe in it, then I suggest you sell up before you do yourself a mischief.

I hope you still believe, because imo keeping hold of your investment here, will be the best decision you’ll ever make.

ATB in your decision.

No problem

Hey Bruce, I’ve just unfiltered you, as I thought it must be you making an appearance with the green boxes appearing again.

I take it your post referring to toys being thrown out of pram’s was aimed at me.

First of all it’s the one’s who are complaining all the time about the SP who are throwing their toys out of their pram’s.

Secondly, to blame Shaun Day for the retrace is absolutely ridiculous. You tell me what he could of done to stop it.

Don’t people get it, it’s not the company that controls what the SP is at any particular point in time, it’s the market.

Once a company issue shares and collect their cash for the original transaction, that is the only time said company has anything to do with price control.

What others, after that original transaction, are prepared to buy and sell said shares at, is then down to market forces.

I agree that once we start mining and start to generate an income then of course the BOS’s have a very important part to play, but until then what are they supposed to do apart from doing everything within their powers to get to a position of declaring “We are now open for business”.

I will explain my position with reasoned argument but others just like Avo333 just post waffle without any reasoning. At least if your going to criticise something or someone, back it up with something tangible instead of just stating it’s 5hit3.

DS Canvey & Avo333, if your not happy and obviously your not. Then sell up, it’s quite simple.
Why stress yourself out each day, when with the click of a button you can rid yourselves of the nightmare you think you are in.

Oh wait a minute, you won’t !
Why ?
Because you know as well as the rest of us what’s coming in the not to distant future.
And yea it’s all Shaun’s fault isn’t it.
What’s he supposed to do, get his pick and shovel out and start digging himself.
Do some research and stop whinging.
Like I said, if your not happy you know where the door is.

Evening, for anyone who is interested in how the Ortex shares on loan data is used, then check out this YouTube video.
Very informative.
https://youtu.be/hdA1Ut8BOLc

Evening Ben, I think you’ll find Tymers quaffing champagne down at the gentleman’s club with all his spivvy mates, discussing how much money they have made today, with their off book trading, that us mere retail investors are not privy to.

Morning Speedy, I appreciate what your trying to say, but you are thinking short term.

If you wanted to raise say a $100 million at today’s price, then GGP would have to issue approximately another 725 million shares, thus diluting everyone’s shares by approximately 20%.

Yes you have now raised the money, but at a lifetime cost to existing shareholders as there will always be another 20% of shares in the market.

By raising money through debt financing, you won’t need to dilute the shareholding, and over the years, just as like with a mortgage, the re-payments back to the bank will pale into insignificance as the price of gold goes up in value.

And according to you, gold will eventually explode in value in the coming years.

Speedy if you honestly think that debt drains commerce, then you are not as bright as I thought you were.

Ask anyone here who has had a mortgage, if they think by borrowing money for a house purchase was the right thing or wrong thing to do.

I’ll bet you 99% will agree that it was the best thing they ever did.
The ones who thought fcuk it, I’ll keep on renting, are now paying multiples every month of what their mortgage re-payments would of been, if only they had made the correct decision, and furthermore have absolutely Jack S, to show for all the money they have spent renting.

Over the years, I have actively sort out to use other peoples money to get me where I am today.
Whether that be borrowing to finance machinery for businesses I owned, or by borrowing to finance property that I still own & rent out, which in turn has given me a passive income that I now live off and consider myself retired from the day to day rat race.

I wasn’t born with a silver spoon in my mouth, and come from what was once a mining town until all the jobs disappeared in the early 80’s just after leaving school.

I started with SFA, but learned very quickly from working behind my dad’s bar, that the ones who supped their beer in the lounge area of the pub, were far better off than the guys drinking in tap room, as it was called back then.

And that is why I stated earlier that most folk do not know how money & finance can work for them, as it is something that isn’t taught.
If it was taught in schools, instead of learning about how King Harold was shot in the eye by an arrow in 1066, all of us would be in a much better place.
It’s got nothing to do about being condescending to others, because I truly believe that anyone can make it good given the education & tools to do so.

ATB

Freddie, what aggressive tone ?
And for your information, I haven’t played today, but will score well tomorrow, just for you.
ATB

Why is it that to most people here DEBT is a big NO NO.
The world runs on debt, loans, mortgages, vehicle purchases etc etc etc, and surprise surprise they even lend it out to companies with gold under 420m of cover.

Its how banks operate. They take the masses money, then lend it out at a premium, to what they pay us for depositing all our money with them.

Don’t get hung up about debt, debt is good not bad, and used properly can be the best decision someone can make.

Without debt, how could any one of us afford to purchase a house.

As long as you can manage the re-payments, it’s not a problem. And I’m sure as eggs are eggs, it’ll not be a problem for GGP to take on debt to fund the development cost, no matter what we borrow.

How do millionaires become millionaires. By borrowing money that’s how.

The problem I see, is that most people haven’t a clue about money & finance.
It’s not their fault, because it’s something they have never been taught, and will never likely be.

If you have 50mins to spare, then check out this link

https://youtu.be/aDheNy_Swbk

It may help some of you understand debt and how to use it.