Member Info for Texlax30

Any thoughts on why this new target is emphasized in the RNS?

I would also be curious to hear from JoeBass and how today’s results compare with what he was hearing, as he was quite bullish. Despite the drivel on here today, I do hope he sticks around.

Well done, Jet - hopefully you’ve fully apprised Mum of the upcoming Scally results and all things GGP, so her next 3 weeks can fly by ;)

Important to highlight that Orthodox Christmas was only last week ;)

The amusing thing is it doesn’t matter if individual PIs sell up - this isn’t an AIM stock anymore (well, it is, but you know what I mean!). Funds are soaking up shares, the gamblers which think they can add substantive discussion yet have qualms that it won’t 10 bag by Easter have thankfully moved on.

Let me first state that IMO a sale of HAV on its own doesn’t seem to make sense for any involved parties, and is now considered unlikely. I’m assuming we end up in JVs with NCM for the entirety of the Paterson. Let’s also assume that, in Q3 2021, a district scale discovery in our Paterson tenements starts to become somewhat apparent.

It is at this stage that I think a takeover of GGP becomes priority for NCM, not only on an operational / margin basis in owning 100%, but from a risk management perspective as well. Perhaps then a much larger position is taken by NCM in GGP, or GGP is acquired outright even as a subsidiary, as TTB alluded to below. I suppose we’re not disagreeing, I just thing that NCM taking a stake in GGP is premature at this stage.

Forget about the money, this share is worth it for the story alone ;)

Sorry Lenz, I suppose my point was they won’t in my view buy a % of GGP, they’ll get that via JVs.

That said, I think Spy might have an inkling of who might want some GGP.

The Juri JV went a long way to secure the area (and by area I mean GGP), a Scally JV is IMO the final piece of the puzzle. A win for all parties, including us interweb nerds ;)

Agree with your comments on a buy out, things have changed since summer and surely Steve T would agree.

Goodness me, this board has some great insights.

I agree in not rocking the boat with NCM, though TMT has great point on proving up the asset to get better JV terms and shareholder value. My favorite thing about the NCM JVs is the spreed at which they are progressing - this is why we are at 35p today and not 2022. That said, if we had a 50/50 JV with NCM for Scally, what is NCM motivation to develop Scally at lighting speed and feed to Telfer, instead of using those resources on HAV or Juri? Rhetorical question which I don’t know the answer to.

Funny thing is, with all of these scenarios, it’s hard to find an outright losing proposition.

Hi Red,

I think others on here like Paddy, Merc, Hyrdo have said it best. Assuming Scally is a hit, why give up our golden goose to revert and become SolGold. If this truly is district scale potential, we can ultimately be sat on 20-30% of the lot (Hav up to PRE) with, relatively speaking, minimal spend.

If we do want to initially explore Scally on our own, there are more and more financing options becoming available to us with the growth of HAV. That said, I’m all for JV’s because of the certainty it brings, lack of dilution, and the growth in SP.

Now put the above in the context of the macroeconomic forecast, peak gold production, printing of fiat and manipulation of the precious metal markets. That’s why I’m ready to put my feet up and watch us progress different JVs in the Paterson over the next 5 years.

This is a good book you can’t put down, and I put a lot of it down to GH foresight and thinking big picture to avoid certain downfalls that many explorers experience.

What is GGP motivation to sell HAV? NCM are now deterred from getting our 5% FMV on the cheap, much less our entire share.

With GGP on a clear path to production, I’m not sure our acceptable sale price would allow any decent margin to a potential buyer.

This is what a win win for all parties looks like. Sit back and enjoy.

Oh, and we’re just talking HAV by the way ;)

I’m sure Franco Nevada is digging through their couch cushions..

No one should want a buyout (even just HAV). Just enjoy being a streamer with some hobbies on the side (EG and TAS).

I love Arnie, every time he turns up we get good news.

Out of all the good news, I’m still shocked out how fast NCM are progressing HAV...unreal.

Absolutely Merc, great post - Occam’s razor, the likely explanation doesn’t take that much thought. That said, I understand the discussion around the topic, this is an emotional and life changing share for many.

He was set for life last summer, by next summer his great grand children will be set for life.

Was a strange day, it’s usually the opposite. Seemed to be early buying pressure, thus I would venture to guess the drop was a bit of games. Perhaps a closing UT around 5 percent up.

Interests to hear others thoughts.

All fun and games though, all you should be interested in is the final chapter which will be many multiples of where we are. IMO.

I’m more concerned that he’s eating paint chips than I am his short position.

Difficult to wrap you head around finance from an unnamed bank being imminent, then they said raise at least several million dollars, following which they said restructure the company and assets.

IMO,at the stage incompetence would be a best case scenario.

I’ve always watched this company from afar, as the asset was/is interesting.

Not sure why anyone would buy with consolidation seemingly imminent.

A lot has also changed since the earlier broker note, suggest you divide the price target by 4x as a best case.

Hah brilliant, Joe.

My only concern is that when this hits pounds, you might have emptied all the vines in Margaret River! ;)

Time, It’s a lovely morning, treated myself to another 50k top up for my stocking on the wall. We are in the middle of a house remodel, so agreed no physical gifts....does this count?!

What is it with this term. Seems investors (or gamblers) these days are ready to lose all of their holding (albeit this weeks lunch money), if there is an outside chance that the share might defy the odds and ‘ten bag’. But they’re not happy with a ‘five bag’...which I understand to be 500%?! F me.

Wouldn’t you rather put it into a stock with proven fundamental and clear upside, no risk of losing it all, and settle for 30%.

Anyways, I still find it funny GGP is on AIM. It’s like AC/DC playing at the local high school talent show.

Oh, and I’m gonna five bag from here by Christmas 2022. Put that in your pipe and smoke it.