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Hi, I’d say buy back the freakin’ 5% option by offering NCM their lowball offer (conjecture). If they agree, it’s nearly FMV in the sense of the option, if they think it’s ridiculous, then says it all.
GLA genuine investors - TFG
…..on this bb. SD could have a few of his meetings on here, as I suspect their are many non-PI reps spreading fear & doubt disguised as fact, who can’t click on the “I’m a PI” button when an RNS comes out.
It not a case of vetting, more a case of find a vet.
Problem is not that PI sell, it’s false weakness that leaks into discounted placements and higher cost borrowing - there is a real need for cheap or free trading data that exchanges and service providers should be forced to supply by regulators.
Patience and a bit of luck required to beat the sharks.
GLA genuine investors - TFG
For heavens sake get away from this 5%, it may not be what we want.
The 25% is huge
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Thanks Bamps and others, great job.
I agree, was hoping that 5% would pay back used loan and fund GGP fully to production. Seems like this won’t be the case, so hopefully minimal debt raise for Hav and perhaps more for other projects.
Equity raise would be worse but ultimately get the 5% done and get to a GGP for GGP position with SD steering the ship.
GLA genuine investors - TFG
Excellent update as usual. Looks like high grades of copper in the NW pod and so AU equivalent used to demonstrate how prolific the zone is.
Well done Shaun, armed and ready for a visit to UK, and still the ability to issue non Hav news.
GLA genuine investors - TFG
We own 30% of what will be confirmed (or is now independently) as a Tier 1 asset that will be mined - we have a right to publish a current estimate , well done Shaun. Hopefully more III’s in the UK to back GGP and let NCM mange their own shareholders.
GLA genuine investors- TFG
I thought he would have been classier than that
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Spot in Redirons. Earn the money, take the money but no substitute for class.
GLA genuine investors - TFG
Hopefully i am completely wrong but i see the number for 5% clearing debts, financing the rest of the hav mine and other financing will need to get us to FCF. Basically IMO thats what SD has said.
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Canary3, exactly how I read it myself, still great. In my opinion it will be a bonus to see a hard cash transfer from NCM to GGP for 5% but Hav costs paid up for GGP to production at least and hopefully debt on good terms for team building and other works.
Keep hands on bum and holding tight.
GLA genuine investors - TFG
The reason I ask is that I'm worried that if NCM try to screw us,
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All very confusing. IMO NCM have already invoked the option to buy 5%, question is for how much and which process will prevail. If arbitration, unlikely we will know the two values going in and the method the valuer will use so it could be volatile for a few few weeks/months from March.
Best outcome GGP and NCM get it done in an agreeable way in Feb.
GLA genuine investors - TFG
Oh dear Blue frog, horseshoe, spanner, spacesuit - whatever, it’s all blue right ?
It’s an NCM update after all, with, oh assays pending, how convenient, and in the middle of a complete re-valuation of proven ground.
The only thing that is blue is the bluffers and the swindlers
GLA genuine investors - TFG
I’m not sure they are allowed true prop books anymore - can only serve client execution, may be able to advise high risk takers though as it’s the asset management arm.
Whatever it is, it’s virtually currently out of the money and hopefully running at a loss in the next few sessions.
GLA genuine investors - TFG
Time for gold- there are two shares I have been really negative about. I was proven right on both in the end.
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So, you are either trying to convince yourself 14p is the bottom to buy in or you are really negative and trying to be a good citizen and warn folk that 14p is about to dive.
On the former, you’ve been pointed to the places to get answers and more than sufficient to make an informed risk versus reward judgement for anyone with a modicum of intellect.
On the latter, many thanks, you’ve waned the 100’s of folk who read or post here that they should seriously consider selling as you have a ‘proven’ track record.
Either way, there is no need for you to submit copious amounts of posts in the next few weeks - agreed ?
GLA genuine investors - TFG
Well said TomE.
The ‘negs’ are mostly full of mumbo jumbo. Imagine being able to select virtually and sensible alias and…..
I feel most sorry for those whose pay depends on having to gain knowledge on GGP, to twist it or otherwise. Much rather be a humble PI and be optimistic with my investment and rhetoric.
GLA genuine investors - TFG
phelpsb - stands for Please Help Sandeep Biswas - imho - hmm….
John1970 has been sitting with Merc for a long time and now claims to be in - hmm…
Davo appears from nowhere and is a bagger for what must have been at least 2 year - hmm…
Hold and wait for news imho.
GLA genuine investors - TFG
John is merely the passenger in the Merc - imho
GLA genuine investors - TFG
We have Hav assay news pending, we have MRE update, we have other tenement plans…..NCM wanting to get done in Feb is good for them, SD has to make sure it is good for GGP shareholders He must have two hands on the table and none tied behind his back….interested to hear from him about plans, loan, II timing and negotiation.
All good though at this stage if a bit early to be thrashing out 5% value.
GLA genuine investors - TFG
We have Hav assay news pending, we have MRE update, we have other tenement plans…..NCM wanting to get done in Feb is good for them, SD has to make sure it is good for GGP shareholders He must have two hands on the table and none tied behind his back….interested to hear from him about plans, loan, II timing and negotiation.
All good though at this stage if a bit early to be thrashing out 5% value.
GLA genuine investors - TFG
Ok, not here to argue, positive that NCM hold the JVs but don’t appear to want a shareholding to exert any other influence or agenda.
GLA genuine investors - TFG
Clam down WF, you didn’t know that prior to this release either. Most folk were saying the risk of t/o is higher not that MCM were building a stake.
GLA genuine holders - TFG
Agree Josh, t/o is our highest risk to shareholder value at the moment. So sp is relevant to medium and long term holders as it dictates the probability of an offer and the value of an offer. Of course, I do not want that to happen and focus is given to the plans and budgets that Greatland are still executing…..LTHs want to be around for mining and production sales.
GLA genuine investors - TFG
Agreed Rosso, I’m not sure how private the holdings are. I do suspect that there are a lot of folk who try to suppress PI success through personal and for their employers greed.
True PI’s are a target imho but still no need not to cling on for value. Trust your own instincts/research and it’s only a paper loss or paper gain until you crystallise. Most of all don’t invest what you cant afford to reasonably lose.
GLA genuine investors - TFG