Any divi paid is absolutely at the discretion of the B.O.D. , as to when , and how much. Any distribution is made to the holders of the shares e.g , I have my portfolio in four different H.L. accounts, and they will receive the payments and apply them accordingly.G.H. has publicly stated that he exists to benefit GGP shareholders, and any payment for the 5% share , plus the remaining 25% share of Havieron ( probably somewhere around $$$1 billion ), will be far more than GGP needs for the continuing Licence purchases and exploration drilling . Thus a balance will be paid the existing shareholders , which, do not forget, includes GH and CB themselves. One can only surmise and hope. Nothing is ordained.
But keep smiling and hopeful, and patient. Monday may bring some enlightenment.
This is not the end of the beginning, nor the beginning of the end, but I think that it is the start of what we patient LTH's have been waiting for .
I took my grandson into the pool about 90 minutes ago, returned to the house to put his baked cheese potato in the oven for supper, and nearly fell of my chair. POG up ( back to ) 1733 ish and GGP seriously on the ( no news yet ) move.
As they say in my native Yorkshire ...-... summats up!!!
makes it all worthwhile.
The GGP SP is a totally MM controlled status,.... principally because it is an AIM company that owns nothing that has been hard proven of value. At the moment it is all supposition, hope , hypothesis, expectation. The MM's can manipulate to their hearts content, and add to their beanpile.
What we ( the well researched and the absorbers of the research of the well researched ) know, is that all of that is / will be proven up shortly , and in a way , I am quite comfortable for it to stay that way . Newbys and LTH's can acquire shares at realistic prices, and holders can just hang in there for the hard news to arrive. When it does, then the SP reaction will be electric and rewarding, and not that far away.
I do get mildly irritated that there are those who control what should be a free market, and I am amazed that with the presumed knowledge of the news to come that there has not been more of a sentimental and anticipatory move upwards,............but on the other hand, the hard , factual data to be released soon will be an irresistable and unstoppable force. I repeat, - 2020 is going to be a good year, and the Stag On The River should enjoy some improved takings. ( as long as Mushroom has converted his mindset to £50's from £10 ers ).
GGP is an AIM exploration company and only basks in the shadow of NCM as far as the SP is concerned.( at the moment )
All of the essential ingredients that will send GGP rocketing are there on the sidelines , and once the hard factual data hits the fan, it will all happen in spades , ( or diggers, or declines, or whatever.) The remains of 2020 are going to be interesting and very rewarding.
Brilliant NCM drill results on 11th June will kick off the upward SP trend as the true values of NCM / Hav potential start to hit the headlines.
Good Scallywag drills will generate very good SP responses , as GGP will be 100% owners of what is perceived as a Havieron PLUS - PLUS ????? , and the Havieron calculations will be easy to apply in terms of buy out values with NCM or on the open market ( $$$ billion plus ).
Then the MRE for Hav in H2 this year will crystallise and provide another more accurate related calculation of value for the 25% / 30% portion owned by GGP ( maybe another 1$ billion ).
Add in a few thoughts on CU, Black Hills, Warrentina, and the rest and you are looking at a very good Xmas. A very, very good Xmas.
I will be offering to buy in the first round at the Stag On The River in Godalming , probably in November / early December,
should anyone want to join me.
Patience all. It will happen.
Timber,........ like myself, either you believe that Spy is only the messenger of passed on news / chat / gossip, or you totally disbelieve the man. What he is not is the authoritive confirmation of what he has been told. I take Spy for an honest conveyer of what he has been told,............ yours is the choice of whether it is fact or rumour. I have a friend with a brother in Perth. I get passed info from his occasional telephone calls . Some ( now absent thank god ) clown called Ernie / Arnie chose to abuse me for conveying what I was passed on. Speaks more about him than me. It is all grist to this splendid board.
.....and to the $$$millions. And speed up Scallywag. 2 or 3 good initial drills should electrify the SP
Minerals Council of Australia (MCA) is pushing the federal government to introduce reforms to protect the minerals industry and fast track Australia’s post-COVID economic recovery.
The reforms are part of the MCA’s priorities to accelerate economic recovery in the sector.
The MCA has weighed heavy emphasis on the mining industry’s major contributions to the country’s economy, declaring that projects need to be fast-track to increase regional jobs and investment.
“Our world-leading minerals companies are hampered by regulatory duplication and overlap, while projects take too long to be approved – denying regional communities jobs and investment,” MCA chief executive officer Tania Constable said.
“Expediting environmental assessments and approvals, reforming greenfields agreements and expanding incentives for exploration will also help realise and refresh the potential pipeline of new and expanding mining projects.”
The MCA suggests Australia could be looking at a $100 billion investment pipeline of coal, iron ore, base metal, critical mineral and gold projects, plus ‘tens of billions of spending’ which will keep the industry afloat.
Constable stressed that Australia cannot afford to fall behind other mining nations who are looking to take a larger slice of the pie as the world recovers from the pandemic.
“In this context, Australia’s company tax rate of 30 per cent is too high and not internationally competitive,” she said.
“Future mining investment should not be put at risk by any move to increase the already high burden on the sector. In particular, the fuel tax credit scheme, which operates to avoid taxing a vital business input, should remain in its current form.”
Australia’s mining sector presented record highs in company taxes and royalties during the 2018-19 financial year, cashing out $39.3 billion in total.
As other industries crumble from the pandemic, the MCA expects many to jump ship to the minerals sector, which will require new skills and training.
Skills and training needs will require a particular focus, including retraining and reskilling entrants from other industries affected by COVID-19,” Constable said.
“While world economic growth is expected to contract sharply in 2020, the industry’s ability to keep operating through the COVID-19 crisis has positioned it strongly to take advantage of the global recovery and the ongoing resources demand of developing economies.”
To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.
Christophe B - you must be a stockbroker - There is also in my view an even more powerful view that at this moment in time the survival of about 90% of the worlds stocks are in serious doubt as to their survival or the probability that their business will suffer short to medium term.
Logically therefore, if your diligent research produces a company that has every single box ticked in a business that is destined to survive, and is recognised by all as having massive potential , then what is the point of research. Nothing on the globe is certain or guaranteed, BUT..... there are some things that are a hell of a lot more certain than others.
A portfolio of balanced uncertainty OR a selection of near certainty...… everyone is free to take their choice.
An RBS, a Lloyds bank, a major retailer or travel company, ……. all supposedly candidates for balanced portfolios, OR
...…...…. ( at this time ) a massive gold strike . take your pick
Zoros, it could well be another Telfer, another Kalgoorlie or another Scallywag - in ascending order of course, , BUT.....
do I spread the risk ???? or just back the favourite in a one horse race , where the pay out odds are huge..
If NCM buys Havieron, and pays me a 10p / 15p special divi, then I might move in on some selective Gold Spread.
But FACT .......Artemis , for all the promise, are not going to faster than GGP. But I like the thought
Alistair Ford comments on the CERTAINTY with which NCM are pursuing havieron is greatly encouraging. He would rather be in GGP ( the only explorer he mentions other than Antemis ), than any retail stock.
Should not be too long now before some factual data is put upon the table.
As a somewhat old hand on this board, I find it irritating that a whole bunch of new arrivals start slanging off, abusing , arguing offensively etc....... Let me remind you all of some facts.
You are incredibly fortunate to have found a unique exploration company with an exceptional dicovery, in a JV with one of Oz's largest and most successful miners , with a massive potential future, supported by broker comment that is only ever positive.
You are on an exceptional ( unique ) board , that has incredibly knowledgeable contributors that , providing you do a little back research reading of their work, watch their U Tube , the accumulated links to company CEO statements, go on the company websites and read thoroughly, and take time to aassimilate info from the guys on this board who know what they are talking about.
Understand that this is still a small aim company , who have still not had their prospect valued independently, and in which Institutional Investors do NOT invest until this sort of info is officially published. 19 out of 20 AIM explorers fail. this is now the 1 in 20 which has a future. Technically still a gamble. To the well read and researched LTH's on this board , it has essentially been derisked, but we still need time and patience. To the world this co. is virtually unknown. To us, it is a hidden gem which will soon hit the investment headlines.
The SP reflects these facts. So far the SP has done very, very well. But this is early stage. Brilliant drill results - soon expected, and an MRE that confirms the Telfer / Kalgoorlie size of this prospect officially will propel the SP up towards its true value.
Stop bickering, do some work , read, DYOR , instead of being lazy, and be grateful that you are on the finest and most informative board on the globe, and in one of the best prospecctive exploration companies in the last 100 years. And if you have even the slightest knowledge of investment, you should know that nothing , but nothing , is absolutely certain. Covid 19 has just exemplified that.
I would not wish to be in any other share at this moment.
So stay calm, be courteous, and recognise how lucky you are.
GOOD MORNING FELLOW LTH's. The sun is still shining.
Good morning all fellow civilised contributors. Another sunny day.
Mrs Tig sends her kind thanks to all who sent her best wishes on her b'day. We had a whole load of guests through the day , drinking my prosecco, and amongst them my good friend with a bro in Perth. Sorry to tell you that there is nothing new.
But that matters little. As Maximus reminds us , we are starting to tread new territory,.............. we know not where and what at this point......... but GH has our interests at heart, and NCM are not looking for a punch up. Whatever deal is struck, I do not think there will be many who will not be reasonably content. In fact there is some reason to be content at this stage . Not bad SP growth so far .
I do not see GH relinquishing some of his potential crown jewels, and I do not see him as anxious to become a miner...........
so the company of GGP should continue ( ever upwards ) but minus the massive stage 1 success of Havieron. ( sold for the approx $$$ 1 billion - ish )
The NCM relationship will continue, and X months from now , we will all be debating whether Scally is 20 million, 30 million or 40 million ounces / lbs , and then where do we go next. Such a prospect I relish.
And hopefully a divi of sorts .
Regards from Mr & mrs Tig
GH yesterday provided us with what we needed........strong....very strong ....reassurance on the GGP pathway....news.
WE knew it was thus, but it is always good to hear from the horses mouth......... particularly on video , where you can get a read of the way it is spoken as well as the content. Not that I ever doubted, but I did sleep well.
And patently Sandeep will have rubberstamped the message.
Too early to know what the SP will do on opening, but with such positive feed, the stable , steady progress should continue.
And the way this board is achieving fame, - soon it will be essential reading for the City.
But not too early to make sure the prosecco is on ice ready for a bucks fizz breakfast for Mrs T, on her 75th.
Good wishes to all for a strong day.
And .....sorry...... Good Morning to all you early risers. I am finding it to be a very civilised time of the day.
Have just listened attentively to GH, and what gets me enthused, excited , gripped is that it is exactly the language that GH is using . Amazing, fantastic, high grade, a rare discovery, keeps giving, a lot more to come, .......- and there are no cautions, no conditions, no negatives, no embellishments , no restraining caveats, ......... how often do you hear a CEO speak in this way.
My take on what GH was saying, and understanding that this was not the time to be releasing any confidential data, is that he sees this project through with NCM to stage 4 completion, sells off the next 5% at what he infers is going to be one hell of a price. Any fuding required for the share of the final 25% will be raised as debt funding on the market , and the 5% sell off proceeds will be used for funding GGP's next stage projects starting with Scallywag. Some of that money will probably be returned to the shareholders in the form of a special divi.
He acknowledges / confirms that EVERYTHING will proceed at maximum speed / fast tracking , to get the mine up and running, ( and that would certainly appear to be an agreed policy with NCM ) and that Scallywag should be initiated in the fairly near future ....-....sooner rather than later.
I would say that that was a pretty exciting map for the next two / three years. Will be surprised if the SP does not now cruise up to around 13p this week, and then ....... news and more news to push it up further. Todays news release is obviously with Sandeeps agreement, and it sounds to me like the two of them are pretty much in unison on where they are going , and the 5% should not be a major divisive problem. With POG accelerating north, the future looks bright, and am I not glad that I am on board, particularly with such a fine bunch of fellow contributors, who cross the t's and dot the i's for me.
My lovely and tolerant wife hits 75 tomorrow, ..... the smoked salmon, the prosecco ( bucks fizz ) and croissants on the patio in the GOLDEN sunshine . What more does a man need.
My exceedingly good wishes to all my patient contributors. .........but why did the SP not jump 2 whole p ?????
Stuart - Sorry about your back. Can you not lay down and just dream about about somethingelse. Any suggestions.
I am looking forward to buying you a pint in the Stag on The River, - when it opens . Just as a matter of interest, it is only about
100 yards from the HUR head office . It was HUR money that allowed me to top up big in January , when I got out before the oil price crash. A very lucky move.
Just waking up , looking forward to another good progressive week. with GGP continuing to stabilise, and maybe some more news. Bouyed up to see POG at 1760 $$$'s . the POG has all the mechanisms in place to continue up through the 2000 $$$'s barrier , and quite apart from everything happening right at Havieron, this revaluation of Gold is just puttin icing and cherries on the cake.
Good morning all, and so far , it seems as if it is going to be a good morning. Am only up early to make sure I get in the first ten in the Sainsburys geriatric queue . A very civilised way to shop.
Roll on GGP .