RE: Some answers please Shaun18 Feb 2022 08:01
Apologies for reprinting , but there still appears to be an overly large number on this board that are worried about SB and his NCM shareholder relationships.
The agreement between NCM and GGP is for FAIR Market Value - FMV
I am a GGP shareholder , and FMV has a very simple and clear meaning to me . If anyone who does not understand it would like to ask, I will be very happy to explain.
I also understand the obligations of a BOD to their shareholders , - AND - I repeat , - I am a GGP shareholders. This information is now prehistoric . I also repeat , - FMV.
Tig
I trust that he will reply
Dear Shaun,
I listened to the Proactive Webinar ( 17th February 2022 ) with fascination, and wish to compliment you on the presentation.
You are now undoubtably aware that we ( the 70% / 80% LTH private investors ) , and more personally, the erudite and well researched Stag Gang ( 250 M / 300M shareholding ), after the large number of years that we have loyally followed and supported GGP , have only 2 or 3 things that we now believe should be laid loud and clear upon the negotiation table.
1. The 5% FMV deal , - with more than a great emphasis on the FMV. GGP is not there to be bargained off on the cheap.
2. FMV can only be agreed and finalised when GGP / NCM have disclosed the latest and most up to date figures for MRE2, and these figures must be made available to we shareholders. These figures are a year behind.
Your comments and enthusiasm in addition to some very expert technical / geological research, provided within the Stag Gang and on the chat board, leave me and most other PI's with the near certain knowledge that Havieron is already now in the regions of 20M oz Tier 1 - " stunning " , "champagne cork popping " , " amazing " , ......I could continue. And probably very much larger in the future. Shareholders have an absolute right to know the informed basis of the negotiation , and soon.
3. Patently these will have to be endorsed by the PFS / FS later in the year.
We can only ask that You / GGP exercise the right to keep GGP shareholders properly informed and updated.
We have no control over the GGP SP . Whatever or whoever is manipulating , playing with or suppressing the SP is beyond our reach . However , officially released information is within your power.
I / we look forward to your urgently exercising that right.
Tig /