Member Info for speedymeadie

Hi Goldenl. You are correct but would you want to pay LIBOR+ 8% if LIBOR reaches 10% or higher. Also bank funding would be at harsher terms with outstanding debt. ATB Speedy

Hi Mumbo. Easy peasy. Raise $30mil with equity issue (to SHs) buy back stock at a latter date. Give our partners the used funds back and then raise a further $100mil via debt with good terms. In 2024 we will be receivers of substantial amounts of gold @$2500/oz if not higher and all will be good. I have an suspicion that SD will come up with something slightly better. ATB Speedy

Hi Pratty. Good try but no cigar. Bye Bye. Speedy

Hi Zoros. It is not about quantity it is about quality of posts. GGPchat is a great place for investors to find indepth analysis and information regarding GGP. I must admit i find this BB entertaining and addictive if only to read the ongoing feuds between posters and trying to guess who the real rampers and dumpers are but the real discussions are over on GGPchat. ATB Speedy

Hi Forest. The end of your post "providing we stay solvent" is probably the most stupid of all the stupid comments here recently. We have just been gifted 5% of a massive find. Now we can offer that 5% at fair market value. I am sure there are plenty of HNW individuals out there looking for a place to park $100mill for a long term $1billion return. ATB Speedy

Hi All. GGP stock on loan now stands at over 95mill. With the SP in a range around 12/11p and Newcrest down playing Hav i see no other reason for this setup other than a TO bid from our JV partner. Wonder what their top offer will be. ATB Speedy

Hi Bamps. I kilometer cube of ore is the stuff of dreams. No wonder there are strange goings on with our stock. ATB Speedy

Hi SAS. There are many reasons why i do not like debt. Banks are not friendly and could at any time demand repayment. I also expect inflation to be with us for a long time and interest rates could go up to unmanageable levels. There is never an ideal way of overcoming a need for cash. Without doubt the best way to grow a Co is organically, the journey may take a little longer but debt free in commerce is heaven. ATB Speedy

Hi SAS. Thee is a big diff between using debt to buy a house and debt to fund a project. What i am saying is dilution, if possible, is a better way of funding than bank debt. ATB Speedy

Hi Rotherby. I must rewrite your last line "debt drains commerce". ATB Speedy

Hi Merc. The COMEX and LBMA are on borrowed time. It is a crying shame that the big gold, producers,miners and refiners do not get together and create a new market. Letting Russia, China, India dominate the market will be as bad as the LBMA. ATB Speedy

Hi All. Mrs Speedy is doing well and expect her to make a full recovery.
Debt is a dog. A poster stated loans come from bank deposits, no they do not. The likes of JPM press a button, create funds and charge interest on the created funds. Nice work if you can get it. Debt raised for speculation is risky, is Hav a speculation or a certainty? The more the risk the higher the interest on a loan. Mining is at the top of the scale for risk and any debt raised will come at a high cost. Most investors are against dilution for cash raising but if the original investors are in on the raise it is better than debt. The criminals at JPM or any commercial bank will not hesitate to loan us funds and then demand it back, at a bad time for, us as per the contract. We should avoid too much debt and concentrate on organic growth. With first ore in under 2 years organic growth is a given. ATB Speedy

Hi All. I cannot thank you all enough for your support and good wishes. Mrs Speedy is recovering well at home and your kind words have made the situation more bearable. ATB Speedy

Hi Red. Thanks for the kind words. ATB Speedy

Hi Tig Laid up in bed because i am an old man trying do a young mans thing. It never rains but it pours and Mrs speedy had a stroke on Sunday afternoon and i had to pick her up and drive as fast as pos to A and E where they saved her life as i watched. Nothing but praise for our NHS heros. She is now recovering at home and all looks OK. We will see you at the next stag meet come rain or shine. ATB Speedy

Hi All. Probably the best debate on this BB for ages. All views should be taken in and digested and a general consensus achieved. Stock markets are forward pricing and looking forward at Hav and a possible 20/30mill ozs we are not at fair value. On balance it seems that most think GGP is undervalued and the current SP is a buying op. I also think gold is undervalued. Sovereign nations will try as hard as they can to keep their fiat working but in the end the market will decide. ATB Speedy

Hi Everyones. I did not answer your question about why Newcrest have no shares of GGP My answer is they probably do. not directly but through JPM and a series of Cos. I may be wrong but Hav is too big a prize. ATB Speedy

Hi Everyones. JPM have their fingers in so many pies that they are probably more aware of the potential in the Paterson than anyone. They will have first hand knowledge of all the drill results long before the general market Their reach is universal and if there is a big profit to be had they will get it.They are a criminal enterprise and are above the law.
The only way for this to come to an end is for the gold producers to come together and form their own gold pricing market and submit a class action against JPM and send them into history as the biggest criminal organisation ever. ATB Speedy

Hi All. This is probably one of the best threads to hit this BB for some time and would be interested in seeing more responses from posters to gain a balanced view. ATB Speedy

Hi Ben Newcrest would of done whatever JPM told them to do.ATB Speedy