Member Info for TomE

Spratt hi,

Thanks for clearing that point up, it was a bit of a worry :-)))

Cheers
Tom :-)

Hi Spratt,

I think the way the above news read it was confusing and after reading the today's RNS in length I found the following that explains better and in full.

Going Concern

The consolidated entity has incurred a loss before tax of £3,264,307 for the year ended 30 June 2019, and had a net cash outflow of £3,801,159 from operating and investing activities. At that date there were net current assets of £2,203,109. The loss resulted almost entirely from exploration costs and associated administrative related costs.

The Directors are confident in the Company's ability to raise new finance from stock markets if this is required during 2020 and the Group has demonstrated a consistent ability to do so. This includes a share issuance of 225,813,513 placing shares for gross proceeds of £4,177,550 as announced by the Company on 12 August 2019.

Chippy hi,

I could be totally wrong and I hope I am. I wondered why they put that news article out hence the question.

Cheers

om :-)))

Spratt hi,

Did you read my post 15:35. Yes I agree we had over 6 mil but you must take out the "recorded a loss before tax of £3.3m for the 12 months ended 30 June " So in my calcs I make it around 2. 7 mill left if my math is approximately correct.

I could be totally wrong that;s why I asked at 14:52 where I asked "Has anyone any comments on this latest input just added to the GGP share news above ?????
I hope I am wrong and we have much more in the Bank, but it looked strange to me. :-)

Chippy hi,
Thats part of my point to news added today !!!! Look at the GGP share news above where it states "recorded a loss before tax of £3.3m for the 12 months ended 30 June, compared to a loss of £1.8m the year before, as exploration costs rose by 126% to £2.3m. _____Not taking account to 4 million in August !!!!
The news was pointing out a loss up to 30th June and any amount raised surely has to offset against our previous total losses ?????
That's why I posted the news article ie 2.2 mill plus 4 million = approx 6.2 million less loss 3.2 mill leaving about 3 mill less any other incurred cost to end of Oct and thats another 2 months of on cost. ?????? Maybe that's why they posted the News !

News Hi,

You forgot to add the second part of "Cash at the end of the year to 30 June was £2.2mln" "while losses rose to £3.2mln"

Greatland Gold on Tuesday reported a widened annual loss after exploration costs rose due to drilling campaigns at the company's Havieron and Black Hills targets.
The precious metals miner recorded a loss before tax of £3.3m for the 12 months ended 30 June, compared to a loss of £1.8m the year before, as exploration costs rose by 126% to £2.3m.

As with last year, the company did not return any revenue.

The increase in costs came as Greatland conducted its second drill campaign at the Havieron gold-copper target in the Paterson region of Western Australia.

These costs must be down to other project ongoing costs not Hav costs ??? Its a lot of money expenditure increase since last year.

But we are not paying for the drilling NC are together with all associated cost including all management costs.!!

Has anyone any comments on this latest input just added to the GGP share news above ?????

Badshah hi,

The point I was making is that it was not a stupid arrangement, in fact the opposite, Good luck :-)

Badshah,

There was nothing stupid about the GGP / NC agreement. GGP are an exploration company and have now one of the best Gold Miners in the world who will pay for all expenses including the plant & Drilling together with all associated labour costs involved in deep drilling and manage same. GGP could not have got to where we are now without them so they agreed an amicable % between very well educated people including engineers & Technicians in this field of contract. Have you read the Farm in agreement as if you had you would not think it stupid. You can not say "it should be 50/50% if this is proved good" as that would not happen Who do you think did all the drilling and associated costs ?? so how can you say a 50/50 % split. That's why it is at 70% READ the RNS it is quite clear and speaks for itself.

https://www.lse.co.uk/rns/GGP/greatland-gold-plc-us65m-farm-in-agreement-with-newcrest-at-havieron-42dauo9jpb6gyyf.html

Apples Hi,

"Our time" will come, watch this space :-))))

My buy is shown as Unknown ( 282,738 ) but it is a buy, why can't they get these right ?

Just had a wee top up for 282,738 at 1.68, must be a steal at this price :-)))) vey happy.

STout hi,

The bit I found very nice is :-

"Newcrest launched its drilling programme at Havieron in May 2019 and, post year end, announced THREE sets of "EXCELLENT" results (July, September and October 2019), which further support our view that Havieron has the potential to become a truly significant, underground mining operation.

ATB

Tom :-))))))

They sell and what do you know an RNS comes out.

Johnson hi,

Nice one, that made me laugh, spilt me tea LOL.

ATB

Tom :-)))

Callan hi,

Yes I know understand what you mean and when an election is called who knows what will happen, personally it could be a total shock to us all. Personally I am totally fed up to the teeth with it all and want it to be done with ASAP so we can get back to normal.

Be careful in your decisions and I hope you make the right one but for me I will keep my holding as it now stands. I did however sell a small % a few weeks ago at 1.67 to top up in my other share GGP and quite happy I did so.

Cheers and good luck whatever road you take !

ATB

Tom :-))

Johnson hi,

God Forbid if Corbyn got anywhere near an election, I for one can not stand looking at the man who in my opinion is a very dangerous person for our Country.

That's my bit said !!

Keep well,

ATB

Tom :-)))