Member Info for Sungam

To start drilling on another prospect. Excited waiting for news on Scallywag. Havieron should be left to Newcrest for now.

Management of information and expectations.

Feels like an 'eager to please RNS'

Oh sorry. That was message to COBR board. Not clearly written by me!

Hope so! Frustrating though with unecessary RNS that would undoubtedly cost PI's.

No am just going to hold for now.

Greatland did this a few years back and i genuinely believe that they read these boards and learnt that they should only issue information when it is necessary and avoid overly emotive wording. COBR issue an RNS for the sake of it as investors and traders keep moaning. They felt pressure to do so and have more uncertainty.

Think before sending COBR!

GGP seems far more resilient today. News is great coming through and hopefully Scallywag drill will start soon

High grade gold on all the step outs. Fantastic news and its growing!

Maybe not tonight but i can see perhaps a joint venture on Scallywag. Would make sense

Just to add the fact that permission was granted to continue with Havieron drills is very telling to the importance of the project and anticipation of positive results presumably even at Government level. Reading between the lines.

More will invest after the anticipated news tonight.

We have an awesome arrangement which will likely bring in very good cashflow. Why sell Havieron? Would easily fund drilling campaigns going forward.

When this deal was made i really believe it was intended over a longer period of time and much smaller prospect. Basically an error of judgement by Newcrest. I think a fairer deal would have been 5% in total. Too late now.

Selling Havieron 25% stake would need to be at a massive premium now also because Newcrest would perhaps not be interested in Scallywag after Havieron so would be one less mining company suitor.

Same deal for Scallywag exploration? Now that would be interesting

Absolutely. Will certainly reject offers until Scallywag is drilled. Which will hopefully be next year. Could be much larger than Havieron.

Surely governments around the World will be throwing money at this. Any prospective treatments will be considered i am sure.

Great post and research. Forgot i had this share! Certainly a lot of loyal LTHs.

Yep, everyone will be praying

I think our deal with Newcrest based on a long term outlook to being operational is far more beneficial to Greatland now and also sets the precedent going forward. Scallywag drill and results will hopefully be completed before any offer for GGP. Could significantly increase our value in the short term.

The 5% will come after Havieron drilling hence why we don't have a 30% stake. This could be a significant amount.

How much drilling and how many locations can we achieve with funds at our disposal? Would 3/4 locations be realistic this drill season?