Member Info for Tildo

It’s a 3 year performance related award is it not. Linked to as yet undisclosed performance related indicators. Bad job equals low award of shares and a low share price on any the Board do get. Good performance equals high award of shares at a high share price. Everyone wins.

It’s business not sport. Each company sets basic, good and stretch performer targets for its management team. Awards vary.

Am I missing something?

If it’s performance related pay Freddie then surely it must work out to everyone’s advantage.

We are light on detail at the moment I think. Keep the faith.

Exec remuneration is always contentious. Stop looking at the individual and start thinking about how you, the shareholder and owner, would recruit and incentivise your CEO and his team.

The mission over the next 4 years. Quadrupled the share price through Hav growth and new exploration. Achieve a 50p SP to reflect the value added to the business. Manage corporate governance goals well.

In return for adding £1.5bn in shareholder value I promise to pay you in bonus shares for your success.

Not sure why anyone with a vested interest in GGP would have a problem offering share options for successful outcomes.

The alternative is your Management team leaves. I for one don’t want to see that.

Let them get on with it and hopefully we all win.

GLA.

Barna - I wouldn’t read anything into SD’s response to bank funding and likely 5% FMV. He has to be measured but having listened carefully he is simply outlining a process involving two negotiating parties. I think he has every expectation that FMV will fully fund the Havieron mine and give us two plus years of cash for other exploration until mining free cash flows land.

I wouldn’t rule out a first payment and further payments on proven resources. He clearly wants to negotiate quickly and move on provided the process is seen as fair to GGP.

Anyone interested in Greatland Good must listen to this Podcast.

Simply the best, most confidence inspiring CEO interview I have heard in a long time.

Nothing short of a complete collapse in gold prices can stop this company succeeding.

Brilliant performance SD.

PR77 - the bank balance post 5% purchase combined with free cash flow from 2023 should remove any II concerns on dilution. I 100% agree with you that this could be a catalyst for achieving something like a sensible SP.

Roll on tonight….

If you accept the lassonde curve theory then the shift to the SP responding after news should provide some comfort to long term investors that we are at the bottom of the curve now. If an update MRE and a valuation of the 5% above £100M done move us up then we may need a new theory….

Roll on tomorrow night.

That tweet Ortex graph is interesting. First shorts turned up Sept 21 at around 24p. 20M short shares doubled to 50M held and must have been burnt badly until early January. Big 20M chunks have also been picked up in May 21 at 20p and Nov 21 at 17p. Now today at 14p.

Certainly anyone shorting in 21 is in the money.

Should we be expecting these to act as break out prices?

I still maintain 1% of the stock being shorted versus 99% long makes it difficult to believe this is shorter manipulation…. More likely they are just better than us at seeing downward price trend!

I have seen a number of posters talk about NCM reputation if they buy us out and it’s rubbish. NCM enter JV when GGP was worth £50m. NCM do good work and buy whole asset for £2Bn. That is the dream! Every junior in the world would want that.

A £2bn 50p per share buyout is there to be done today in my view. If it saves me from this forum every day I would certainly snap their hands off….

Having reflected on yesterday’s news i can only see positives based on known information and logic.

We have a rapidly advancing mine and GGP are a 30% partner who doesn’t (yet) have funding to pay their share of the costs. The 5% was included in the deal for just this reason and it should put GGP in a very healthy cash positive position after deduction of costs. This gives us security and reduces further dilution risk and allows us to get on exploring other opportunities with future cash flow guaranteed.

This all adds value to the company which makes us a better Institutional investment opportunity and we only lose 1/6th of our main asset.

It also might provide a platform for a significant buy out of GGP as a whole, but only at a massive premium to the current SP given the future potential. Yesterday’s announcement makes a full buy out much less likely in my view and I believe SD’s long term multi tier 1 mining company remains on target.

Outstanding long term prospects here.

GLA.

Don’t rule out a ‘new deal’ that offers future upside when exploration phase is complete.

The valuation rules will be set in the contract. Any discussion on valuation must surely raise the issue of a full GGP / Hav buy out. All of this gets done by mutual agreement I hope as low ball offers based on proven resources knowing how much more is down there would tarnish the NCM reputation.

Great news for GGP and the SP I hope.

Rosso,

Not many on here would dispute GGP are undervalued. You need to benchmark the junior explorer sector which, for the sake of argument, is down 50% this year. By threat rational GGP’s performance is a little less terrible.

Oh, and your earlier post needs to take a broker valuation as 25p for 30% of Hav, not 100%. I do understand the point you are making though.

Come on POG!

It has been widely predicted here many times that we are in for a 12p share price and seems like that is where we now are.

Here’s hoping the market recognises this as the floor and we can build from here.

Good luck all.

Good post.

Option C example of 1.5Bn offer for 30% Hav. How as a shareholder can I extract value unless the board back the deal with a cash back special dividend? SD as CEO could only accept a cash deal if the money released the buisness to do its exploration or invest in other company growth assets otherwise he is simple hollowing out the business. But as a shareholder I don’t see this working for me as you have sold the prize asset and the SP would drop substantially even with piles of cash in the bank. I just don’t see this working for anyone.

Has to be option A or nothing in my view. It’s the only way everyone wins assuming of course the offer is good enough.

It was the proactive q and a sessional and he referenced 30/50/70 percent buyouts. It wasn’t a throwaway comment either but a gentle warning to investors of what happens if the company stays way undervalued.

To be fair to SD he may have been thinking medium term after updated MRE and further drill results.

Welsh,

The principle behind buyouts ain’t complicated. Somebody offers to buy your company for a price. Due process determines if a company accepts or rejects the offer.

If you want to ignore this possibility carry on. Each 1p drop makes us more attractive to the big fish swimming in our pond.

Anyway, taken her rumours would boost the SP so quite how you reference my post as de-ramping is beyond me. But then I have been green boxed so presumably talking to myself anyway….

All the best.

Two days to drill update and we hit a full year low of 13.8p. Surely NCM must be considering a full company buy out given their free cash flow situation. A £1Bn/24p offer would be an absolute steal and before someone talks about responsible partnership and not low balling the JV partner, £1bn MC for a explorer and a 20x share price valuation from JV to buy out is the dream ticket for any junior explorer.

Seriously worried about the buy out scenario as I see 50p as possible once in full production in 2023.

Read all the comments since the RNS. I am still struggling with the timing of the raise and need SD to issue out a coherent explanation, ideally next week but certainly at the AGM.

If it is bank funding and a precursor to Newcrest not taking the 5% and of the bank funding and raise money get us through 2022 then faith will be restored. If it’s to buy a micro cap explorer then game on.

As annoyed as I am now I never took SD to be a fool so there must be a reason for the timing. In 10 weeks we will have an updated MRE and we all hope a 20p plus share price.

Confused. Something does not add up.

Very poor form this and smells like a desperate move. Grabbed a piece at 16.7p yesterday and now this which opens the door to a certain drop tomorrow. Guaranteed that any investor with cash will be able to buy at 14.5 or less tomorrow.

Lost a little faith today:-(