Member Info for Stebo

To clarify, when I said " also accept that there is a chance it could be dust and therefore should be valued that way", I mean valued as "potential reserves, but with risk", not valued as dust lol

The key thing for me is that we have certainty on value, as I believe we are massively under-valued and when FMV for 5% is announced it will set a baseline for the remaining GGP % of the JV.

I believe that eventually Newcrest will want to buyout 100% of the JV (keeps things tidy due to Telfer, etc.), and the value paid for this 5% will be the starting point for that, so it will create a baseline for the sp imo.

Like yourself I am confident that areas currently unexplored (at risk) will be proven to be feasible reserves, but I also accept that there is a chance it could be dust and therefore should be valued that way.

Essentially GGP are offloading risk (and potential reward) to Newcrest, but I feel that the cash in hand is of more use to GGP and we aren't in as good a position as Newcrest to shoulder the risk.

Why do you think that a later valuation = a higher valuation? I think that there is widespread misunderstanding about the FMV. Every undiscovered potential will have a risk profile. This potential will be valued in line with that risk potential. GGP will be paid FMV for 5% of the JV taking into consideration the potential and risk profile of the whole of Havieron (and the other JV assets).

We will get FMV for the 5% of the JV. This will add zero value to GGP, as the value of the 5% of the JV transferred should be equal to the cash received for that value. I think a lot of people are missing this and see it as a mini-buyout at a premium or something!

The sp will rerate when the 5% valuation is announced however, but it won't be due to improved fundamentals. The reason that the sp will re-rate is because the true value of Havieron JV will be agreed and announced. This will highlight how massively undervalued GGPs share price currently is.

The sp will re-rate to the true value, but the true value will remain constant.

It's 98% of T212's shares lol, not of EUA

I see on Trading212 they have 98.4% of their shares lent out!

There's a few shorters currently panicking and scrambling about trying to get an exit where they don't lose their shirt.

Slap it up them - there's only so long this can be held down, anybody with a titter of wit won't be selling to allow them to cover, and eventually this will blow

Is the telegram group open? I'm thinking about investing and I'd be curious to listen to some of the chatter on there.

Does anybody have a link?

Excellent set of results. And although the expansion drilling is a bit more exciting, to me the infill drilling is shoring up my confidence that this really is as amazing as we all think it is.

Logic would suggest that the sp should rocket tomorrow of the back of this, but then logic would also suggest that we should be pushing 50p+. At the end of the day I will go to bed happier tonight, in the knowledge that these results have just created additional value at GGP through decreased risk and improved upside

David vs Goliath on here! Hold onto your shares. L S E seem to have a vested interested in spreading FUD. The mask is slipping.

Sit on those hands (and look for somewhere new to get your info!)

Tymers, I appreciate that it would be manipulation, but what I'm saying is that their manipulation only works because of sellers.

It would be interesting to see the effect of turning the tables of them for a day, that's all. I'm only saying it as a hypothetical anyway. If you suggested a day of no-selling you'd have half of this board hovering over the sell button in case the sp rose by 2p lol

Mattyboy, collectively though we could be the masters of our own destiny. It's persuading people to take a united approach which is the difficulty.

If all of GGPs investors could be educated that the sp is manipulated, and be persuaded not to sell until true value is achieved then the manipulators could be beaten. This is what Hydro is trying to do, and I would support him in those endeavors.

I've often wondered if (across all boards, twitter, etc.) a single day could be organised where everybody agrees not to sell. It would be interesting to see how many people still sell on that day, just to gauge how influential the platforms are, and see how the sp reacts

The problem with the 30p was more that it was just too forward looking. I agree that it was high for that point in time, based on the risks and unknows, but if you really believed in GGP (like I do) then there was a belief that eventually this would be way in excess of 30p.

At that time you had the option to sell in the understanding that the sp was too forward looking, but then there was a risk that the sp would stay mid-30s plus for 6 or 12 months until the true value caught up with that sp. So do you sell and risk having to eventually buy back in higher, or do you just sit tight in confidence that in 18 months the time-line will have moved on and value with catch up and exceed the 30p sp.

What has actually happened is that the value has now caught up (and now exceeded imo) the 30p sp, but due to manipulation (and playing with human sentiment) the sp has been crushed way below fair value.

Personally I feel like I made a mistake by not slicing when I felt the sp was too forward looking, but I'm going to make sure I don't double down on that mistake by slicing too early when the sp is sitting way behind true value.

The manipulation is 100% based on persuading PIs to sell under value. If you sell shares at this price you are being scammed. It's as simple as that.

It sucks that these manipulators are robbing all of us of an exit for the time-being (as I appreciate that some people simply need their investment back), but again if people would stop making the manipulation work (by giving them what they want and selling) then it would stop and fair market conditions would prevail and return.

The problem is that they have suppressed the sp for so long that it perverts PI understanding of fair value. at the start of this year it would have been considered madness to sell for 26p, on the way back up we will have PI's who think that 26p is now a great price! So even when the £100k selling stops, they will be buying all the way back up the curve too, because they know that even with todays risks 70p would still be a good buy.

The manipulation is 100% based on persuading PIs to sell under value. If you sell shares at this price you are being scammed. It's as simple as that.

It sucks that these manipulators are robbing all of us of an exit for the time-being (as I appreciate that some people simply need their investment back), but again if people would stop making the manipulation work (by giving them what they want and selling) then it would stop and fair market conditions would prevail and return.

The problem is that they have suppressed the sp for so long that it perverts PI understanding of fair value. at the start of this year it would have been considered madness to sell for 26p, on the way back up we will have PI's who think that 26p is now a great price! So even when the £100k selling stops, they will be buying all the way back up the curve too, because they know that even with todays risks 70p would still be a good buy.

My future self is going to look back on days like today, smile and pat myself on the back for topping up.

I believe we have a situation where a seller is clearing out, and most buyers have already spent all their money at early 20s. If you can take advantage of the current situation fill your boots. Once PFS is released and Hav is de-risked to institutional investors the floodgates of buyers will open and the SP will return to fair valuation.

I think some people are looking at the wrong report lol

Look at our latest results, even just compared to Red Chris.

Loads more fantastic intercepts, Havieron just keeps growing and growing.

This is going to eventually be a 15+++ moz mine, and make GGP a very profitable company, no doubt at all about that at all

Great buying opportunity today. Easily a 40% 60% to be made in the next month while hype builds around finance deal. 200%+++ when it gets across the line.

Has to be this side of June imo

Mattk6, it means nobody is selling or slicing, despite a tempting 20% up-tick. That's because LTHs know the very real upside here. I don't want to be the chump who sold a 3p and then watches from the side-lines as the sp breaks 8, 9 or 10p on Monday

A coin-toss is 50:50. Kefi's CEO has told us this is 99% in place and just a few lose ends to tidy up. I would expect a positive RNS, but there is a small chance of another delay.

I'd typically call it as a 5% risk, but because of previous delays I'm working on 15% risk. Still significantly better than a 50% coin toss, but will several hundred percent upside.

Opportunities like this don't come around often!

A coin-toss is 50:50. Kefi's CEO has told us this is 99% in place and just a few lose ends to tidy up. I would expect a positive RNS, but there is a small chance of another delay.

I'd typically call it as a 5% risk, but because of previous delays I'm working on 15% risk. Still significantly better than a 50% coin toss, but will several hundred percent upside.

Opportunities like this don't come around often!

I know its cliché, but this isn't one that I'd want to be out of over-night!