Member Info for Tildo

On an nice run up this week. I wonder if this is the start of that bull run all the experts are talking about.

Another licence? They acquired one earlier this year for pocket change.

At 1.2Bn market cap and a bankable asset leading to guaranteed future cash flow you don’t raise funds by diluting. Where not a tin pot explorer anymore.

As for mining Scally, there is a JV already drafted with our mining partner when the time comes. Quite rightly the Board want to price that asset up over 21/22 so they can drive a better split of proceeds.

Anyone suggesting a placing is an idiot!

5% of a 15moz gold asset payable at the end of 2021 when the PFS comes in could be anything north of $200m. Annualised 30% of a 500k oz per annum mine is a minimum of another $200m per annum.

Where in all that do you need to raise funds.

Cheers 5x5. I have used the stock exchange to check. It was the very late change on google that caught my eye.

Here’s hoping for a good couple of days and a positive move towards 40p.

Google reporting 33.43 SP. are they just being rubbish again or has a very late big trade registered?

Well anyone looking for answers on progress would have been disappointed but I think they made the right call. Better to not do a Q&A if you can’t answer 80% of the questions.

The question now is what to expect in terms of SP movement. We may see a steady rise into news in January in my view so I predict 25p before the RNS second week in Jan.

You make some good observations TMT and only the Board will know if BB’s involvement is encouraging II’s. our biggest single shareholder the GDXJ most certainly aren’t following BB. They are a tracker fund and as has been explored on here many times buy in regardless of price.

I think their target price does matter and I think they could be a lot clearer how they quantify resource expectations and how PI’s and II’s should assess value. At the moment we all have to go looking for their methodology and identify missing assets to interpret their numbers. The H+P rating is far superior valuation tool in my view and I will be interested if GGP commission them again once Scallywag results are published.

Spot on Philke, brads infamous broom cupboard 4am presentation was less than two weeks ago so short of daily updates I don’t know why people are so impatient.

If you want into go to the website. There is plenty to look at.....

All who are interested in the AGM and company info might be interested in the 33 page document on the AGM - www.or oust.ca/files/Orosur-Management-Information-Circular-AGM-2020.pdf

Dial in details for 2pm GMT are included.

Not directly. Last time I am sure it was on big UT after closing on Friday. All of the big buys are other funds or PI’s who track the GDXJ.

You also don’t appoint a new CEO and his first job is to announce bad news. Ask yourself why they are announcing today with SWAG imminent. If Scallywag was bad news GH would have announced and then stepped down in my view.

This move had to happen. If you trust in GH then trust this is the right decision.

Everybody needs to watch the PROACTIVE interview as it says it all.

Gervaise himself in that interview says he is not the best person to grow the assets or the company. Shaun had a proven track record of mining and overseeing growth on a scale every single shareholder wants to see.

This is planned move by GGP. It is also very well timed and has nothing to do with SWAG.

I think the board are now expecting a takeover approach in 2021 and they now have an experienced person in Shaun to maximise value of that event happens.

Sprouts - your approach is an interesting one and not necessarily wrong. GGP are set up to be a silent partner through the existing processing plant so looking at multinational gold producers with their infrastructure and overheads plus evaluating their resources lifecycle is probably not directly comparable.

At the moment GGP are effectively heading for silent minority stakeholder on one 15m oz mine, using an established plant which reduces cost in a safe mining jurisdiction.

Every dollar above c$800 oz costs is profit. At 500,000 oz per annum x $1000 profit at Today’s prices equates to c £130M GGP profit per annum on the gold alone. That for 30 years adds up to a big number.

Sprouts - you mentioned in your 11 Dec post that your valuation method is 10 years old. 10 years ago when the gold price was $500 an oz then your price for gold in the ground is probably about right. The GP is currently $1800 and forcast to rise significantly so using a figure of $500 to $800 an oz in the ground may be more realistic.

I think this is why the brokers will revalue this as an unrisked resource periodically through 2021 and if we hit 15m oz which is possible the valuation may well hit £1 a share.

You also shouldn’t afford zero value to the other assets. BB stated £400m in value to hothead although I personally think that was a little bullish.

Thanks MH01

I think so. The GDXJ will be by far the biggest holder I believe.

The buy is done in one hit next Friday on market close 4:35.

Going to be an interesting week. When do the GDX confirm? Anyone know?

Think our current rating is 0.9% with c 140M shares so another £30M buy coming up.... wow!

Does anyone know what one the latest GDXJ fund percentages are due to land. From memory it was 5pm US time so around 10pm Uk?

Also on the GDX - are they declariing today as well?

I gave an example in my last post regarding the dilution Allstar. I’m not saying you can’t appoint a Board with no stock interest. I’m just saying I don’t feel comfortable being invested in one where I have more to lose than the CEO if it all goes wrong.

By your logic you might argue why bother having a board at all if the golds just in the ground. If your saying the gold is what will drive the share price then I agree with you on that point. That is also why the timing of today’s RNS is good news. It clears the path for value adding announcements next week and beyond.

If your invested, good luck for a blue day.