Just some thoughts14 Dec 2021 13:47
I am a LTH with a reasonable shareholding dating back some 8 years.
I listened in to the AGM , and can only comment that other than the AB vote ( which surprised me , but that is the purpose of having a vote ) , everything that transpired was totally predictable.
No new news. no revelations . Nothing of a negative nature. No refusal to answer a question. Just an up to date confirmation.
But, a carefully presented review over the superb, progressive , fast moving company that Sean represents.
As GGP is in a legal joint venture with NCM, he obviously has to pick his words with recognition of that situation.
He represents a company that has found the biggest potential AU / CU copper in the world in the last 30 years. Only a tiny fraction of a fraction has been sufficient for the JV to proceed at speed to dig a decline down to the ore body, and simultaneously put in place ventilation shafts , power supplies, accommodation camps , and all other services to ensure unheeded progress to the ore body ( end of 2023 / early 2024.
GGP have secured suitable finance to carry them through to this position as well as to allow further exploration drilling on their 100% owned prospects.
GGP have hired the very best team to allow them to proceed at pace.
We all know that the initial prospect will produce significant early revenues.
We all know that Havieron has been proven to be massively larger through infill and step out drilling at depth , at width , at length , and it is continuing to do so. " Champagne cork popping " is not a common phrase used at AGM's . Similarly " unique outcomes ", , " stunning " , " amazing " , etc.
The interest of the institutions was explained , and at this stage -
" measured parcels " are being purchase. We , the PI's have control over 80% and hopefully will continue to do so , so large parcels are not easily available.
And of the 100% owned territory - Ernest Giles seen to be a huge prospect ( but still to be proven ) , and other prospects in some of the most unexplored mineral / PM rich territory on the Globe.
So whats to moan about ???? - Yes , the SP. But give youself 6 week for the new MRE plus some more superb assay results , -- and we will see.
Keep the faith
Tig