Member Info for SpadesAspade

Peter, why do we need another discovery, Is one not enough for the time being.
Let's walk first before we try running, we don't want to be falling flat on our faces because we overstretch ourselves financially.
Yes it would be nice once revenue starts to flood in, but until then I don't know what some of you are after.
It's not as easy as just drilling some random holes in the middle of the Great Sandy Desert and having the end of the drill bit covered in gold.
We have already found the golden goose, in time, we may find it may have hidden a few eggs.

So we would go through the motions of being totally considered on the value of any offer that was received, but of course we’re not in that position at all at this stage.

So there you have it all questions answered word for word from the horses mouth, and not from anyone's interpretation of what they thought was said.
A big thanks goes out to Dip666 for his excellent work in constructing this piece of work.
I take no credit for it, All I have done is took the time to C & P it here.

Hope everyone reads this as it should give you all a little bit more knowledge.

ATB

(Q) - Do you anticipate a trigger event that will entice more Institutional Investors (II’s) coming aboard?

(A) - Thinks these things are multifactorial, through 2021 really started to engage with II’s who often need multiple meetings and want to see that you deliver the operation goals that you articulate. Thinks during the course of this year that they’ve built credibility with them.
The most recent equity raise saw some 20 II’s new to the register come in, some with relatively measured parcels and it is all about them building confidence and engagement with GGP.
Relevant catalysts such as the ESG report, updated resource estimates, funding/ bank financing, getting up to London to meet people in person are all important events and factors in the first half of 2022 and are in parallel with 90,000m of growth drilling and these continued exploration updates.
Every geologist, every mining engineer, every person watching those updates just grows in confidence about the opportunity at Havieron.

(Q) - Can GGP be taken over without Private Investor approval?

(A) - The answer is No. Fundamentally, if a takeover bid was received and the BOD thought it warranted being put to shareholders it would ultimately be in the hands of the shareholders. It would obviously have to be a compelling bid, this is a unique ore body with a low-risk pathway to free cash flow.
Ultimately, it's the shareholders that determine bid outcomes but my gosh I think we’d want to extract a premium for an asset of this quality.
(Q) - Shaun, do you think the share price is undervalued?

(A) - Yes, it’s a tremendous ore body in a tier 1 jurisdiction next to infrastructure. Globally unique, hard to see an asset of this quality in a jurisdiction like this with a quick pathway to production, expect to be in free cash flow in CY 2024, this is for a discovery from 2019 that literally in 2 years’ time we have started developing.
That is unusual, the typical timeframe to develop an asset in Australia is around 10 years, talks to the quality of Hav, the conviction of GGP and perhaps Newcrest too in being willing to support putting Hav into production early.
Unique proposition and states shareholders of GGP should be popping champagne corks every day about the quality of this ore body and how it consistently and predictably continues to deliver.

Alex Borelli closes AGM with thoughts on share price and takeovers.

Analysts report valuations in the market on GGP currently have expectations that the SP should be around the mid 20’s and above.
If there is a takeover approach, there is a formal process that is adopted, although not subject to shareholder approval, a form of acceptance will go to shareholders from an offeror, but the offeror would seek to have a board recommendation and it is incumbent on us to have a valuation report on the company.
So we would go through the motions of being totally considered on the value of any offer that was received, but of course we’re

(A) - - Focus on factors we can control, to some extent not always the SP, but can control activity as a team and continue to put out good news into the market such as stunning exploration results at Hav, growth in SE Crescent etc.
Deliver extraordinary outcomes that go to creating value for shareholders and plans to continue to engage and communicate the above across.
But of course at some point, the hammer will fall and shareholders might receive a premium if we get taken over but thinks to sell at this point in the cycle before fully understanding the full value of Havieron is a decision or outcome we might regret at leisure over the many decades that is the potential of this development.
That is the challenge for management and Shaun and they are acutely aware of and focus on delivering shareholder value and continue to put time, effort and energy into that.
Is pleased to confirm he can come up to London in the March quarter, so hopefully getting in front of people as well is all part of that opportunity.
Reminds people of the catalysts as detailed before and all of those should give people confidence that you have in place a team that can drive value and events that the market can recognise as delivering value.

(Q) - How confident are you that you could defend say a bid at 30 pence from Newcrest?

(A) - Any takeover bid is something that the board would have to consider in terms of value. Benefits of building a team with mining and process skills is that we understand the value of the asset better and better.
Some processes that they undertake internally, such as updated resource and reserve estimates are another factor in understanding the asset better. Thinks the value of Hav is considerably substantial, you go through your whole career in mining looking for world class ore bodies in tier 1 locations and the fact that we have the additional conflux of sitting by existing infrastructure, a global major operating and being the manager with GGP is further decreasing the risk with rooms full of mining engineers, indigenous engagement, environmental permitting people that they can deploy to this asset have extraordinary low risk, low capex pathway to free cash flow and potentially a multi decade mine.
Value is extraordinary and over time the will continue to communicate and create that value.
(Q) - When can we expect to see the Juri JV assay results which have been due since November?

(A) - Results still not back despite the expansion of Lab infrastructure in Western Australia which was envisaged in helping to improve turnarounds.
Just starting to get some results through, but they need to be processed, also did an Electrical Magnetic Survey up on some of the Juri / Scallywag ground as well, quite a long tail of interpretation on that which is going to be coming through shortly too.
Like to get it out when all in, hopefully in weeks not months likely very early in New Year now.
It is drifting in, bit of a slow burn, believe m

2021 AGM Q&A Session

(Q) - Any plans to move from AIM to main market or dual list on NY stock exchange?

(A) - AIMs been really successful, delighted with current shareholder base, As company evolves, the board does continue to assess exchanges around the world
For now, really satisfied with traction in London market despite the declining share price in recent months despite
delivering excellent news
Very aware that if we don’t grow the share price and continue to communicate full potential of Hav - there is a grave risk that a takeover bid may come.

(Q) - An accurate ETA for completion of decline?

(A) - 2nd half of CY 2023 is realistic, really looking like late CY 2023 with central goal of getting Hav into production in early
CY 2024 to avoid the risk of a demobilisation of Telfer for Newcrest.

(Q) - *In the 18th November fundraise, the RNS states that net proceeds are earmarked to fast-track development of Havieron, explore the wider breccia system, accelerate exploration on wholly owned tenements and pay costs associated with working capital and general corporate purposes, can you provide detail on these areas please?

(A) - Breaking down how GGP is funded, we have the $50m USD facility through Newcrest which gives runway for the course of CY 2022 on development of Havieron (nothing unrelated).
The additional funds from the equity raise raised the previously low $3m cash balance for a company of GGP’s size and gives an opportunity to pursue non Havieron activity, unlocking the full value within the exploration portfolio.
The working capital aspects: to build a team to help understand review and scrutinise Newcrest information in a peer sense and invest in team to optimise it for GGP shareholders.

(Q) - In an interview last week, you briefly mentioned scallywag and the growth drilling at the NW of the main ore body at Havieron?

(A) - Couple of rigs looking at the Hav North and Zipa targets still within the Hav mining lease, GGP incredibly optimistic about them as typically a North-West (NW) trend running through the Paterson region.
Scallywag sits to the NW, but hitting some of the anomalies still in the Hav mining lease but slightly to the north of Hav proper gives tremendous option value and opportunity to be successful.
Newcrest are equally interested in those targets, they represent genuine opportunities and those opportunities continue to flow straight onto our scallywag targets.
Systematic process, area is under cover, don’t believe in expensive pattern drilling. Believe in drilling a hole, understanding that, reflecting on it, recalibrating understanding of the region and then going back in.
Very much exploration built up from 1st principles and careful analysis, thinks over time this is the best way to create value for shareholders.
(Q) - Answering questions related to share price decline despite the excellent news flow?

Starbright you can check both funds on these links to give you the accurate numbers

https://www.vaneck.com/us/en/investments/junior-gold-miners-etf-gdxj/holdings/

https://www.vaneck.com/uk/en/gdxj/holdings/

US Fund now showing 0.77% holding = 203,342,546
UK Fund now showing 0.78% holding = 22,117,937

Hope that helps

Will do Red. Take my frustrations out on that little ball for a change.
Ooo I do pity that ball today. It’s gonna get smashed : 0 )

Jiffy keep that to uself nudge nudge wink wink. ;0)

Morning Jiffy, I see I was right with my prediction. The Bar Stewards took all 4 posts down before start of play this morning.
Like I said, it’s like the bloody Bermuda Triangle here lately with all the genuine informative post that mysteriously disappear.
Oh well, can’t do anything about until later as out for a quick 18 holes.
Are you on the night shift again tonight ;0)

What's the point of us posting here when half the post's get removed ?
Again another 3 tonight

Joe - What Hydro band wagon. It's all in your imagination. Like I said earlier, we don't have two different teams playing against each other apart from one or two who frequent just to convince us were all doomed, BiggL iar to name one.
If you don't like someone's post then like the rest of us you have the ability to not see their posts.
Simples.

LuxP, if HL are a pain at making it easy to vote then switch your account over to somewhere it is. And let HL know exactly why you are switching. Maybe they just might do something about it.
But to say I didn't vote because it's difficult to do so is no excuse.
Can't see you being so flippant if it involved you losing your investment, where you need to cast your vote. Can You.

Matty - "They need to just sex it up a bit" made me chuckle.
Suddenly had a picture in my head of Jim Bowen shouting "Come on girls bring it out, Just look what you could of won".

As highlighted by the vote to re-instate Alex Borelli back for another 3 years as Chairman, I was very surprised that out of 3.9M votes available to cast, only 700M were actually cast.
That means that probably less than 20% of posters here failed or just couldn't be ar5ed to exercise their right to use their votes.
So instead of whinging about how this and that should of been done in your opinions, and blaming others, namely the BOD's and SD. Why didn't you have your say and vote.
Beggars belief how some folk on here have the cheek.

gg19 I think SD did give us a little more indication of just how far that patience needs to stretch.
Free cash flow 2024. That's your starter for 10.

Matty - At least there better than the fag packets used by most on here.

For those of you that missed the AGM this morning, here is the link so you watch the recording

https://presentations.investormeetcompany.com/investor-meet-company/GREATLAND-GOLD-PLC-Annual-General-Meeting?bmid=148b7e2ad967

At last Tiggers talking about what we should all be talking about. GGP and not petty feuds between shareholders.

I’m not sure you can. When I logged in to the meeting, it said that the meeting was not being recorded.
I hope to be corrected as I too would like to see it again as I missed the first half.

Anyway what question does it beggar. Care to elaborate ?