Member Info for speedymeadie

Should read "Mougins Cannes

Hi MH. Had them all over the world, Thailand, Quatemala, Mougian (Cannes) and Tenerife. Now i skip the flying nightmare and frequent 5 star spa hotels and good inns in the UK, nothing comes close to a well run British establishment.

Hi Ace. Nothing wrong with a "dollop of dreaming" but i was not aware of your S and M tendencies. ATB Speedy

Hi All. Folks here beating them selves up about things that no one can work out. next thing will be "ordering my new DB". Chill out, sit back and wait for the RNS. (By the way mine will be the DB Valkyrie) ATB Speedy

Hi All. The consolidation, after hitting ATHs, is healthily holding above $2300/oz. Western institutions have still not pressed the buy button and when they do $3500 to $4500/oz will come in short order on the way to prices that today seem impossible. De dollarisation is increasing around the globe as the world wakes up to the fact that the only real money is gold and many central banks are increasing holdings. With the war drums around the globe getting louder and economies on the verge of collapse, the purchasing of gold will accelerate.

For UK citizens a good way to protect wealth from the coming tax raid is to purchase Gold Britannias. I fully expect a raid on ISAs, so be prepared. ATB Speedy

Hi All. 100% ownership will leave us in considerable debt, who to is any ones guess. A new JV with the distribution of 51% GGP and 49% (wyloo) would seem a reasonable outcome. This would only need funding for purchase of the 19% (fixed short term) and funding to production, as we are already funded for 30% to production, we only have to find an additional 19%, once again my preference would be fixed, short term, paid back with FCF. Both loans would be manageable and without dilution. Just one scenario of many.

The suspense is palpable and not too much longer to wait. ATB Speedy

Hi All. Option 6

We find 2 more Havs and Newmont take us out at £5. Anything is possible. ATB Speedy

Hi Culpepper. Thanks for reposting that. All is going to plan

We are in a waiting game and if you believe the naysayers you will miss out on one of AIMs true winners. ATB Speedy

Hi All. It looks likely that another wave of inflation is coming our way. Shipping costs from China are rapidly rising so has the cost of oil. How long until the commodities react higher? Gold and silver have had a good finish to the week and the bull is about to resume with a vengeance.

Not too much longer to wait for news, all looking good for GGPs future. ATB Speedy

Hi All. Well done all who ignored Tymers, best to let him wallow in his obnoxiousness. ATB Speedy

Hi All. Said it before and will say it again "sell the lithium go for the gold" ATB Speedy

Hi Ace. Studied the asterism for for ages and can quite categorically state that the meaning is 42. ATB Speedy

Hi Bamps. Glad you all had a good time discussing isocoulombic form after 8 pints. ATB Speedy

Hi All. I have stated here that there is a good chance the POG will reach $3000/oz this year. Although there is no profit from a gold price rise bought about via inflation the effect of new ATHs will bring in more western institutions. The good ole USA has passed a new budget deficit of $2trllion/yr!!!!!!!!!!!!. This rise is due to the necessity of servicing current debt. This act of printing $s to pay for debt repayment is totally un sustainable and must end badly with hyperinflation being the outcome.

What this does for our bottom line is hard to work out. All i know is that holding physical gold and the producers will be advantageous. ATB Speedy

Hi Napthman. $3k/oz gold is very very probable. A substantial find in one of our sites is a bit less certain but probable. Not going to put a prediction for SP in 12 mths but will say "see you all at The Stag for the 30p party". ATB Speedy

Hi Blantyre. My gran swore by a good old spliff. ATB Speedy

Hi SharketMare. It all depends, if the acquisition is a producer. This debate has so many permutations that it could go on and on. I am just saying that GGP are in a position to arrange financing. ATB Speedy

Hi SharketMare. Yes, royalty Cos been doing it for years and banks lending funds to assist mining development. ATB Speedy

Hi Cheeky. According to Newmonts criteria we are not a (at the moment) a tier1 mine. We meet a few of their points with jurisdiction, AISC and LOM but it will take a lot more drilling and proving up to reach 500k/yr. ATB Speedy

Hi All. Just to put the doubts to bed, here is a very basic guide. Gold is a tier 1 asset and can be used as collateral for funding. The fact that GGP has limited cash is totally irrelevant when talking acquisitions. The assets can be drawn against, paid back latter with interest when producing. All a lender requires is a charge against the assets and confidence in the management to deliver. There is hardly a major Co in the world that uses its own cash for expansion, thats what banks are for. I am not a fan of debt but short term loans at an agreed % are manageable and beneficial. Do not listen to the unwashed when it comes to financing SDs goals. ATB Speedy