Member Info for SpadesAspade

But your example doesn’t you clown 🤡

2023-2024 was a vintage year for accumulating, maybe you should have tried it Freda, you may not be as bitter as you are !

Again Freda, your last post just shows everyone just how big a clown you really are.

I think you need go back and get your abacus out, I think you’ll see your maths end up with nine figures not eight 🤦🏻‍♂️

Freda, the truth is already out, everyone knows just what a clown you are.

You just never think 🤔 you just react. A bit like a baby who throws its toys out the cot, then wonders how is it going to get them back.

I only keep you here for the comedy value you bring. A bit like watching the clowns perform at the circus before bringing on the trapeze artists.

Keep it going, I do like a good belly laugh, especially when your assumptions are about as empty as the non existent water in your bucket.

🤡🤡🤡🤡🤡

Sageman, like I said you do whatever you feel comfortable with.

Just because you are a fund manager doesn’t make you correct.

Each time I gave fund managers a piece of my wealth to invest, guess what, they fecked up.

That’s why I control things myself, (only myself to blame) and people in your position would never even offer GGP to your clients.

So let’s leave it there, you do you, I’m quite happy doing me.

ATB

Sageman, it all depends on where you are on the investment ladder.

Yes as a novice investor you might find it good to spread your risks if you attempting to climb said ladder 🪜

But for the more savvy investor, who may have already attained the sort of rewards most would dream of, diversification may not be the correct strategy.

“Horses for courses” as they say, and whilst most dream of 10 bagger’s, some don’t need to risk putting money into the juniors and taking risks.

Companies like GGP should provide ample returns depending on your holding, and for quite a lot here who invested early, 10-20% growth per year will be very nice indeed. Anything more, and they’ll be buying more than the self confessed tycoon “Tymers”.

Like I’ve always said, there’s more than one way to skin a cat to achieve your goals.

But at the end of the day, it’s about whatever you’re comfortable in doing, don’t do anything in life just because someone else thinks it’s better to do so.

What’s right for one doesn’t necessarily mean it’s right for others.

Just focus on whatever choice you’ve made, and if you’ve chosen GGP you’ll not go far wrong !

ATB

Still plenty of buyers in the wings. Ignore all these sells showing on the book, MM’s nicely collecting shares from the 10% crowd, only to pass them over to the many passive funds that are still awaiting to fulfill their obligations. ii currently offering £3.40 to sell.

Can’t wait for the late trades to show.

No worries Bamps, but all the roads up here are made from jam, especially now, all that jam tomorrow stuff has definitely been spilled out onto the road I’m currently travelling along.

4 hours to Preston, what you coming on Bamps, your pushbike ?

A$7 just hit, let’s see if it can crack on from here !

Some of you guys just need to grow up !

I’ll throw a 5th possibility into the mix, that maybe everyone has forgotten about.

In July 2022 Greatland entered into a new binding agreement with Five diggers Pty, whereby they successfully renegotiated the contingent consideration due under the original 2016 Havieron acquisition.

Five diggers pty agreed to a two-year restriction on dealing with the Greatland shares to be issued, reflecting their support for Greatland and conviction in the Havieron project

A reduction of 4.5% in the number of Greatland shares to be issued, which led to a saving of over 6.5 million Greatland shares to be issued by 29 July 2022.

The requirement to pay the contingent consideration, in the form of Greatland shares, remains from the highly value accretive acquisition by Greatland of Havieron.

The consideration for this 2016 transaction comprised an initial payment of AUD25,000 in cash and 65,490,000 new ordinary shares and (originally) a further 145,530,000 new ordinary shares conditional upon Greatland's ownership interest in Havieron reducing to 25% (or less) or upon a decision to mine at Havieron (whichever occurs earlier). This latter tranche of shares (modified as described below) will be issued to the vendor's nominee, a private Australian investment vehicle, Five Diggers Pty Ltd.

In return for removing the conditionality on the contingent element of the consideration, the following modifications have been agreed.

A two-year restriction on dealing with the Greatland shares to be issued to Five Diggers Pty Ltd, comprising a 12-month lock in period, which prohibits any disposals of the shares in this period, subject to carve outs (such as recommend takeovers), plus a subsequent 12-month orderly market arrangement, requiring that, during this period, the shares may only be traded in consultation with the Company's broker and through the Company's broker (subject to customary carve outs) and a reduction in the number of shares being issued by 4.5%, being a reduction of over 6.5 million shares, to a total of 138,981,150 new ordinary shares.

So in total five diggers pty were holding 204,471,150 million shares pre consolidation, 10.2 million post consolidation.

Could it be possible that these guys have decided to cash in, and get there due return which could have been a cool A$65M Aussie smackaroonies.

I know it’s not the supposedly 39M shares reported, but it could certainly be a tranche of them, especially when you consider the two year lock in plus the other 12 month orderly disposal (3 years in total from July 2022), which brings us up to present day.

I might be miles off with my musings, but it’s as good an argument as any other I’ve seen.

All imo of course !

I’m sure Wolves90 will be along soon trying to tell us all it’s just normal practice and nothing to see here.

Manipulation, what manipulation !

Wolves90, well you would say that wouldn’t you being as someone who relies on your income from said industry.

How can we substantiate our claims when we can’t even substantiate whether or not a trade was a buy or a sell. We don’t even know what bloody day a trade was supposed to have happened, when the powers that be have 3 days to publish.

Get real and stop talking like a certain Wolves centre forward from the 90’s !

Wolves 90, you say for folk to take their concerns to the FCA. Just what do you think they will do about it ? Sweet FA is what they’ll do. Bankers policing the bankers, yeah that works. They’re just puppets, placed there by government, so as to fool the public that they are a deterrent to stop any corruption.

If the government were serious about protecting investors money as they say they are, then all they need to do is make one change, and make it legal to disclose all trades at the correct time and whether that trade was buy or sell. At least that’d be a start to levelling up the playing field instead of Pi’s playing uphill, blindfolded and into a gale force wind.

Never mind Havieron, Telfer can end up being proven to be another monster the way Shaun has just described what they’re finding.

All credit to Bamps too, for anyone who’s attended one of the many GGP meetings up and down the country, they’ve already heard similar predictions from the man himself.

Not just a tarmac layer eh, as some idiots used to say. Maybe Bamps does possess a crystal ball after all !

Q - Sean, when do you think you'll get a better understanding of, you know, where these ore bodies at Telfer end? I mean, you've got that, you know, massive shaft that does 56 million tons a year, changes the economics of underground potential, West Home into West Home Underground. I mean, you'll be drilling for a while, but I imagine before you can really get to the bottom of where this stuff actually ends.

A - Yeah, it's a good question. I think when we look at that main dome underground, as I said, 30 years of underground mining still going, and we see new areas like the ESC just 50 m off development. And that we think is actually a substantial area. If you go down the bottom, you've got the vertical stock work, and you've got some of these higher grade, Ray and Kylo, areas as well. So, you know, it's a busy system, it's a big endowment. You're rewarded for drilling. And, you know, the, the analogy I'd use is Northern Star. We bought 6 assets off majors, 4 of them had a mine life of less than 12 months when we acquired them. All 6 of those are still in production a decade later. And that's very much what I see here is the opportunity at at Telfa, that West Dome underground, it's the same geological unit as you're seeing under Main Dome. So to have that as a brand new area, and the first time you drive into it, it's plus 4 g, beautiful big mining withs, long strike lengths. I don't think we could have had a better debut into that area, so that makes us really excited about what we see in that West Dome underground. And then you look at that schematic on West Dome. It's all mineralized, basically we just need to give it the time and the respect of drilling, and that's what we're doing in this in this push in FY 26.

Q&A

Q - You're another Australian company that's got a very, aggressive drilling program, you've mentioned it in your pack here, 240 kilometers. Where is that predominantly split?

A - Yeah, look, the, the majority of it is in the, open pit, but it's really spread relatively evenly across both the open pit and the underground. we've got 3 rigs in the main dome underground, got 2 across in that West dome, underground, we, we like what we're seeing there, so we'll potentially share that with the market in a separate announcement. And then we've currently got 5 rigs on that West Dome open pit, just, adding to that inventory. So, again, that should all feed into a March jor resource update. We'll try to get a drill cut off around 31 December, and that will give a bit of a, let us show for the first time the size of the price.

This is the Haveron ore body itself, it's a beautiful underground, subvertical, the existing mine plan is really just on that red zoneation, what we call the Southeast crescent. That's 51 million tons. at the old 2.5 to 2.8 million tons, that was a 20 year mine life, and what we're saying is we're gonna, drive that up to about a 4 million plus mine plan., because we've got the mill capacity, we can accelerate those ounces through the mill. It continues to be open, plus the vertical extent, pressing out, further to the, to the north there or across the screen., we like how we're set up and, you know, this is a big sub sub-level openstopes that we're putting in place. average stoke size here will be over 100,000 tons. Just to put that in context, average stope size, in Australian underground mining is a bit under 10,000 tons. So it's an order of magnitude bigger, which drives this lowest, potentially lowest quartile, costs. Certainly you saw very lowest quartile costs in that pre pre-feasibility study. And we like to think we can hang onto that into the feasibility study.

Extracts from the conference

The main dome underground, we released those 1st, 20 drill hole results, separately, about two months ago. That is the first time. Remember, 30 years of mining under the main dome, underground, and then first at bat into this West dome underground. And we've hit the highest average grade seen at Telfa since 2005

Jaguarflush, are you for real ?

Why would GGP issue more shares just because some Insto’s might not get their fill.

If investors want to invest, then let them pay fair value, not just provide more at cheap prices.

Thats got to be one of the most preposterous suggestions I’ve ever seen posted here, and that’s saying something, because there’s been a lot over the years.

🤦🏻‍♂️🤦🏻‍♂️🤦🏻‍♂️🤦🏻‍♂️🤦🏻‍♂️