Something To Consider9 Dec 2021 13:19
One thing that I have never seen mentioned here, is that 12 months ago we still officially owned 60% of the Havieron project. Now we only own 30%. That's 50% less ownership, and could that possibly be the main reason we have seen a 60% drop in share price. Just saying.
As the upgraded MRE figures are released, then that 30% ownership should be valued accordingly. Double the Oz's, double the SP.
I'm not saying we will double overnight, but there is no reason imo, as when the resourse estimate rises, then our SP should not follow suit.
Philbrim, you say your major worry is that a lot of Pi's would vote for a buy out. The problem you would have there, is yes no doubt a lot would probably vote for it, but most of the LTH's here hold all the trump cards. Most of the holders who only bought into GGP within the last 12 months paid considerably more for their shares than anyone who bought pre 2020.
Thus most LTH's probably hold on average 100 times more shares than post 2021 shareholders, and if i'm not mistaken it's still the amount of shares owned, and not how many Pi's choose to accept an offer.
After another set of stellar results, I can see by todays post's there is an abundant sense of camaraderie and positivity between fellow holders, and long may it continue.
Don't forget, GGP are that 1 in a 1000 company that are on it's way from exploration drilling to a full working mine, and all within 5 years.
I have seen many discussions over the last few months regarding selling the 5% option that NCM are entitled to, but how can anybody put a value on that 5% when no one can say just how big Havieron is going to be. The problem I have with trying to put a value on it, is that whatever value is apportioned, you are then putting a value on the whole of our remaining 25% as well.
I just cannot see our BOD's agreeing to any sort of sale of the 5% until we know a helluva lot more to what is actually contained within the Havieron licence. Why would you sell it, if you believe that their could be other Havierons within Havieron, you just wouldn,t.
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