Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
A most excellent report in accordance with the Australasian ASX requirement to provide All shareholders with a full quarterly report o n all company activities and results.
Could be an excellent benefit of being listed on the ASX .
@@@ Spades a spade.........First, may I remind you / all that this BB is for debate , not for preaching . There are one or two on this board who are far ,far worse than yourself.
You have your opinions and I have mine. One of my principal beliefs is that all companies with shareholders have a responsibility to keep them informed. More specifically , for a tiny AIM company that is doing nothing else but drill holes , and measuring the subsequent findings , then I as an investor wish to be informed of resulting outcomes. SD , for all his Town Hall PR shows , appears to me to have a different agenda.
You may choose to believe differently , but I prefer not to be preached to.
I also have concerns that SD and his recently accumulating BOD are trying to rebalance the pi / institutional ratios , with the move onto the ASX . This is affecting the SP. In my view , if the Aus. institutions wish to invest in GGP , then they can do so by purchasing shares on the AIM market , with the resulting demand creating a rise in SP , and pi sales.
The alternative will be to issue more shares in Aus. with resulting dilution. Some clearer information from SD in this area would be helpful.
And I believe that I and any other shareholder has the right to communicate with SD and to expound their views. And I hope that they will.
Tig
@@@ Spade .....you need to uprate your understanding of company finance. It is shareholders money which keeps companies in business. 19 out of 20 mining exploration companies go bust , having raised money on the open market , and lose all shareholder money. I , ( and I bought in - significantly - to GGP 9 / 10 years ago when the SP was around the 1p mark ) replaced another shareholders cash and my investment assisted in keeping a tiny exploration company afloat , well before they uncovered Havieron.
As an investor over the time I have been with GGP , I expect them to keep me fully informed of progress. I do not wish to survive on rumour. Albeit GGP are now theoretically derisked , they are still a tiddly little exploration company with no real revenue producing assets and at the moment have to progress on borrowed money . The SP is ludicrously undervalued against the ( notional ) stage that GGP is at. SD despite his Town Hall chat shows at which virtually nothing is released , should officially publish continung progress data . It is not sensitive material . And whatever PR show he lays on in London for we pi's , strategically , such a high proportion of pi's is an embarassment when he is trying to enroll more institions. Watch this space .
Tig
Can I suggest that anyone who is dissatisfied with the total lack of update info and general progress reporting ( and that definitely includes me ) e-mails SD at once . I believe that we, the shareholder owners and financiers ( and initially the risk takers ) are being totally ignored and suppressed in order to try and eliminate the number of PI's , in order to assist the institutions. Quite shameful.
Tig
@@@@ Culpepper ...........I could not agree more. I am sure Town Hall meets are excellent for meeting fellow ( charming ) shareholders, and splendid for meeting and chatting with SD after his excellent PR presentations. but there is little or hard fact to hear ,.
What I want though is confirmed factual info ( an updated MRE etc . for instance ) , and there does seem a reluctance to provide we shareholders with that info. All that GGP does is drill holes and measure and calculate potential. Not exactly difficult info to process and inform.
Tig
Have just made a modest share sale from within my SIPP , and the share trading record shows it as a buy within a stream of recorded buys.
I would not have thought it difficult to record buys and sells accurately. A total con.
Tig
@@@ Aquakidd ..... I regret I have to agree with you AQ. It is a total waste of time and money going to a town hall meeting. It is just an SD PR exercise , for which I would not necessarily criticise , but its a long way to come from Oz just to mutter a few encouraging comments , . I have yet to see or hear of anything new or revealing at these meetings. It would be infinitely better if GGP published some regular up to date RNS progress reports on the Hav prospect . I do not see any need to delay updating GGP shareholders , albeit we will eventually presumably be priveleged to get it once the ore starts to be processed and the initial revenues start to land in the company bank account. It is a duty for company BOD;s to keep their shareholders informed. One can only speculate as to the reasons for it ????
Tig
@@@@ Lofty ......... You may / do express your personal views in a somewhat clumsy way , and it does seem to generate a volume of destructive and aggressive response ,. However , I have a great deal of sympathy for the message that you are trying to convey.
In my own 60 plus years of investing , I have always believed that it is the responsibility of the board of any company to keep its shareholders up to date with factual data and progress ( of course with the exception of those things which are of a sensitive nature.) GGP at this stage are a tiny exploration only company , do little else except drill explorative holes , measure and calculate what they do or do not discover , and ( should ) publish to those risk taking shareholders what they have found and are finding. Results so far ( from over 18 months ago ) have significantlly derisked Havieron , and those results have promoted the construction of a decline down to the discovered ore body. But since then , there has been continuing drilling which indicates serious increase in width , length and depth of Havieron , and the BOD are well aware of what this means as to the growing size of the Hav. prospect. This information is no longer sensitive with respect to any negotiations or discussions with outside agencies. You Lofty , as a shareholder have a right to be informed of this progress, as are we all .
Certainly , SD will turn up at the Town hall , will put on an excellent and experienced PR show, answer questions with deft but but not detailed responses, dish out encouraging statements for the future , but leave everyone none the factually wiser.
Sure , I have little concern now the risk element has dissipated , but I wish to be informed as you do, of confirmed numerical , calculated growth. Such disclosure will accelerate and reflect the SP to the position it should be .......which is significantly higher than the currently suppressed SP.
I repeat my mantra ..... If you are a shareholder who is forced to sell shares today to repay the mortgage or pay off a bill today , then you are being robbed of a fair value return on your investment. That is not right. And whatever argument anyone may wish to offer , it is one of the responsibilities of a BOD to build the SP.
Tig
I signed this petition some weeks ago BUT ALSO copied my MP in with all the detail.
we should also encourage other boards etc. to sign.
One of the principal objectives is to have all shareholders listed by the company to have e.mail addresses for ALL . Thus the can always be advised of all co. business directly , and always able to vote as applicable. SIGN UP.
Tig
Https://www.tandfonline.com/doi/epdf/10.1080/14432471.2022.2103941?needAccess=true&role=button
Undoubtably a most excellent article , and more so for those that speak the language,. Does anyone know if an Enlish translation is available ??? My conclusion is that anyone who goes to all the trouble to write such a detailed and academic summary of the Havieron Project must know what they are talking about , and I therefore cannot have got it wrong investing in it.
Any translaters got nothing better to occupy their time next week ??
Tig
@@@@@ benrumpson.. Sad to say but I strongly believe you are wrong. The revised MRE has already been calculated , it is in general circulation around the giant mining community , ( a data room was set up for the NCM / Nem discussions, ) ,we simple pi's all know that the Havieron prospect has expanded in depth , width and length, it is no longer sensitive information , and the anticipated size of Hav will be significantly larger . Exploring is what GGP currently do with considerable skill and expertise. We have hit the Bullseye ,and hopefully more bullseyes to come. I, as a GGP shareholder would like to be advised regularly of progress and significant data. That is what I put money into GGP for. I did not invest in Newcrest or Newmont . And I would reckon that is what most GGP investors bought shares for. So please do not tell me that the expanding MRE 2 will not shift the SP northwards , or collapse any ongoing strategic negotiations.
I have to express surprise that todays RNS , which was a highly positive and progressive step in to the top explorer and mining development stage , securing both capital and potential streaming revenues for the future , did not shift the the SP upwards. Normally that would and should happen. Somewhere though there are M*nipulator , beyond our control .
The good side though is that it will happen eventually , and probably this year.
Tig
Https://www.share-talk.com/greatland-gold-kodal-minerals-go-for-gold-steel-your-nerves/
An excellent summation. Archer states that he believes GGP to be fundamentally undervalued. I certainly would agree with that .
Tig
My dear bamps ,
The MRE is a routine update on exploration progress. Why should shareholders be denied this. It is not irrelevant. It is a calculated fact.
I am not wound up. I just fail to understand why some people state that hard , factual data on a small exploration company ( fact ) is an irrelevance. What else are we invested for - a total blackout of information.
With any invested company , I like that company to continously update its shareholders with all relevant info.
Tig
I am quite astonished at those who construct the argument that publishing an MRE for a tiddly AIM explorer ( and nothing else ) is an irrelevant fact . As it is not now a sensitive official calculation , and GGP is an explorer company doing little else except to explore , then publishing progressive MRE is all that it can do.
As a shareholder , I wish to know how GGP is progressing . I invested at high risk. A normal company investment requirement. Were the MRE to double , then one might expect the SP to similarly respond. That is one reason why I invested.
SD - press the button.
Tig
@@@@ No trader. I am glad that you read my posts , but you patently do not digest the content.
Confidential discussions with Newmont and Rio are sensitive and confidential ..... until disclosed at a time of their choosing., Totally acceptable and understandable. BUT .......
I require GGP to disclose ( officially ) what the whole of Australia and the LSE board , and every involved gold and copper miner actual know ,..... and that is the updated MRE of Havie oron , from the previously disclosed 6.5 M ozs., ( inc. the au equiv. ) up to whatever is the known , current , agreed ( months and months ago ) calculation ( on which some our revered geologists and CEO inferenced , have already supplied their erudite calculations from some of the Hav prospect drilling expansion at width / length / depth / ) of the elephantine , mammoth , amazing , goliath , stupendous , etc. , etc., future.
Possible / probable estimated range between 6.5 1/2 M ozs AND 50 M ozs ( hopeful ,) but most of us will make do for the time being with 25 / 30 M ozs.
GGP is a p*ddling little au / cu exploration company , with no real assets other than a few drill results , a few quid in the bank , a few unexplored licences , some useful JV arrangements with some very powerful global miners , plus an incredibly experienced and knowledgeable BOD , ..... but no revenues and little else. ( apart from the huge revised MRE figure ) which is now well overdue , and is no longer sensitive.
Of course , when you eventually put all the jigsaw bits in place , GGP looks to have a bright future. That is why most of us are staying around .
The one bit of ( non sensitive ) info that GGP could ( and should ) release to its owner shareholders is the revised MRE.
Any shareholder who badly needed cash and had to sell today would and will lose a shedload . It is no way to treat the incredible and supportive " retail " shareholder.
SD .......press the button now.
Tig
@@@ Redirons , This board is a free and open debate , and I would never choose to represent your individual viewpoint. But you should understand that I am not attempting to represent a 100% on my part. " we " does however represent a significant viewpoint of " many " on this board , and that I know not only as a fact , but also supported by " many " supporting posts.
I wish SD to be well aware that shareholders are part owners of GGP and he has a responsibility to keep us fully ( and RNS officially ) informed of the progress of the company. And I also wish to express that view to the members of this board even though I am aware thate some may disagree , albeit there are many who do not. I am but one amongst many.
-And as a simple investor , I wish my company to have a share price that responds ( + or - ) to its performance , so that I can buy or sell accordingly at my choosing. I do believe that that is the the way that the stock market generally operates.
But perhaps my 65 years of investing have been ill informed.
Tig
Sent off today.
For the attention of Shaun Day and Jeremy Meynert,
For how much longer must GGP continue to keep the owner , financer , shareholder members of this company totally blind and uninformed. It is both negligent and incompetent that GGP's shareholders are left in the dark.
The only activitity that GGP undertakes is exploration , and we require to be kept updated on progress. Mr Day frequently makes his Town Hall visits and makes inferences as to the size and increasing growth of Havieron , but we are not provided with hard ( RNS ) fact / data . In the meantime the SP meanders down like a failing company in a way that should be the very opposite for one of the ( rumoured ?? ) largest gold discoveries on the globe. I took big risks with my investment , and as such I at least expect to know how GGP is spending my money.
Despite what you state Mr Meynert that we are on a totally level playing field with the institutions , that is absolute nonsense.
I am now angry , as are many of my fellow retail investors for whom I organise regular meetings myself , and have yet another one coming up on the 14th June. I would respectfully ask that you consider treating your retail shareholders with more concern, and bring us right up to date with MRE's and all other progress.
David Hill