Member Info for Sungam

Some pictures probably. Perhaps a fly on it

Expecting 2-4 RNS's

Update drill 1 with grades

Drill 2 'look at these cores' with pictures

Raise for further drilling (On par with last raise)

Drill 2 with grades.

*Wild card JV at Red setter

There was identical behaviour by Greatland at times. It was a case of being very careful with newsflow for a number of reasons. If its a big result they want to be absolutely certain of assay grades interpretation and next steps for further exploration and funding.

Absolutely spot on. WSBN could be taken over very quickly. Lets see what the assays show which will hopefully be 1 to 3 weeks from here.

This is a progress update and a positive one at that. WSBN management owed the market a status report and that is what this is.

We have made a discovery but have not been able to quantity it yet but from what we know and see it looks incredibly positive.

Hold, sell or buy on this basis as is the sharholders prerogative. Am holding as believe there will be more updates and am warmly reflecting on memories of HAD005 core samples that also launched the good fortune of many including myself with Greatland Gold.

GLA

This share is becoming inextricably linked to Greatland Gold.

Most of those were my sells yesterday evening. Had to do it in chunks as broker was capping it. 700, 875 (×2), 900 (×2), 945.

P&D.

What results...?!!? Did I miss an RNS

Ofcourse GGP will play hard ball. The point is they need ore. Take a look at S.Day's record while at Northern Star Res he is a relentless deal maker and now knows the challenge of being on the weaker side of negotiations. Pragmatism will prevail pending results ofcourse.

Not sure sure I'd be that disappointed in 30% of a £1.5b valuation.

As a GGP holder as well, I can see the funny side of Havieron propelling company to this point but being pushed back / developed in good time due to a discovery 15k away. All would be winners in this scenario. It is not necessary to be either / or.

Incessant ramping of garbage.

Good watch. Thanks for posting.

DL needs WSBN to do well with Rincon following close by. Lets hope the pieces fall into place

Expected leakyness or trader games...?🤔

Doubt it very much. The last raise was very successful and I think they'll continue to follow the Grwatland textbook at this stage. Assuming some moderately decent grades ofcourse, I can see 4-5 equivalent raises to prove up any potential discovery before a JV announcement which at this point would likely need a significant financial commitment which at this point could be a loan or share issue likely a year to two down the line.

All pending results....

The leaky spike which follows the drop.

Nope. Not the case as Greatland shares will initially rise on discovery too on assumption of obvious collaboration. Discussing both shares makes perfect sense for holders in either or both

Whisp3rs39, agree with your sentiment. Greatland are playing the role of Newcrest this time.

There was a huge amount of delay later with Biswas games, Newcrest feet dragging, Newmont takeover and legacy deal by Heddle (although thankfully for his work and leadership and humility to handing over the reigns). Day as I understand found the 30% / 70% arrangement quite painful to work through. How it unravelled suddenly into Greatland 100% ownership of Telfer and Havieron is extraordinary.

The point is that these factors added significantly to delays whereas Greatland/WSBN dealings i suspect will be far quicker if WSBN management are realistic in expectations and reasonable in their negotiations.

Absolutely agree. Let WSBN do the legwork with Greatland providing some cash, light management support and geologist time and advice. That could be implemented v quickly providing sufficient incentive for Greatland

Only Greatland can offer significant offer on AISC. To entice them you need to be pragmatic and generous from WSBN perspective. A 2-3 year drill plan like Havieron but at what cost? 70% of WSBN local tenements including Red Setter for $200m? If pog remains as is Greatland are going to have a significant cash stockpile!