Member Info for WelshFalcon

It's up there with all the other mysteries of the universe. Nobody knows why, it's just their rules. Probably designed to mess with your head!

I do wish people would think and actually read / absorb the information that our BOD have put out before making comment re finance on here.

The $50m loan is from NCM and is there for GGP's share of all the HAV infrastructure (especially the decline) through to PFS stage. This is what has been put out there officially.

Why, please why are you pushing an idea that the $50m loan can be used to develop SWAG. Complete nonsense!

I'm in SO4 too, or was - sold out before the recent fun and games. Waiting to see how things work out and what explanation is forthcoming about the capital raise. I was under the impression that they were fully funded through to production with access to cash agreed. Out of the blue they had to make an AU$58m capital raise in a hurry.

Lots of unanswered questions here.

A little disconcerted, now, that the CFO from this company moves (so soon after this event) and turns up here. We are OK on funding, but in a year or two there may well be a need for some substantial financing.

My risk profile has for GGP has just changed!

You might get a more informed response on one of the mining stocks. From those that understand the precious metals market. Try GGP, generally a nice bunch over there (but we do get lots of distractors over the weekends).

I think it's a lovely idea. It is difficult to realise at the time, but a parent is hugely influential on their children's future.

For me, I was worried about all the online gaming and isolation this can cause so decided to try and flip things somewhat. At about 10 years old, my son got his first computer for xmas. But it came in all the pieces needed to put one together (case, motherboard, cpu, memory, software etc. etc.). It took him a while but he worked it all out and got is going. From then on he was much more interested in how computers worked and what you could do with them rather than just playing games. He ended up going to uni to study computer science and has never looked back.

If you are looking to teach your son about investing, how about a junior ISA and help him research his choices for investments?

The Falcon’s five year GGP plan to maximise value. Just my weekend musings - food for thought.

2021
1) NCM manages HAV through to PFS including decline and testing ore through Telfer using their cash and our share from the $50m loan.
2) GGP manages exploration drilling on Juri JV using NCM cash
3) GGP now has all their resources for drilling at SWAG to show a decent sized prospect.
4) GGP early exploration at Rudall, detailed AEM etc. and maybe a couple of test drills.

2022 – with a good PFS for HAV in the bag showing commercial ore extraction in 12/18months
1) GGP selects the best targets to progress at SWAG
2) GGP renegotiates / replaces $50m loan and increases to cover HAV mining declines etc to commercial extraction stage as well as SWAG drilling to MRE stage, say $150m in total.
3) Juri JV management moves to NCM to select any targets to persue. Need to negotiate loan etc. for our costs.
4) GGP, no action on other prospects (Tasmania, EG etc.). Watching gold price for best action on these (divest or not?).
5) GGP aggressive drill program at SWAG selected target(s).
6) NCM progress HAV throug to full FS and starts mining declines for bulk extraction.

2023 - Consolidation year
Specific actions difficult to predict yet. HAV commercial extraction to start in Q2/3? Start to service loans following ore extracton. Possible MRE at SWAG? Creation of mining division to manage our HAV share and plan for SWAG? Juri JV progress? Divest Tasmania or not? EG still on hold.

2024 – Growth year
SWAG potential PFS and early mine planning. Potential processing plant/planning for SWAG. HAV in production, potential dividend(s). Juri JV progression with NCM, potential MRE? Other prospects revisit (SWAG targets, Rudall, EG etc).

2025 – Refinance and further growth year.
We now have HAV in full production, SWAG main target progressing to full FS. Potential need for processing plant at SWAG. Juri JV targets progressing. Further work on Rudall. Can now revist EG.
Refinance (loan notes?) debt and include cash for SWAG, EG Rudall.

https://www.bbc.co.uk/news/uk-wales-55289448

An early intervention, something that keeps people out of hospital might just be useful here? Home trial interim results?

y?

Yeah, whatever dude.

What a nasty little man.

I guess you can take a horse to water, but you can't make him intelligent!

Oh dear..... Phase 3 wasn't even there in March / April.

RNSs aren't released or not released i anticipation of what 'shorters' may or may not do. If there is information that should or has to be released by RNS it simply has to be done. Period.

Your obsession (FFS!) with what 'shorters' will do is your problem - not the company's problem.

Your showing us all who the weapons grade moron is, Shadow.

It's called investing. You don't know if £10k is pocket money to him, or if he has raided all that he has left in his daughter's wedding fund.

He may be totally happy to invest £10k with a potential upside of £100k or even more. The downside is only £10k.

The weapons grade moron is likely to be the one who gets all uppity about it without any understanding of what is going on.

I does strike me a little odd that some shareholders are seeking to micro manage the company through an online BB!

I don't really need to know about every small change in anything. I have done my research, am comfortable with the company, it;s product and its management. I am happy to let them get on with what they do best. If they need to update the wider community, they will. Oh, and yes - I am not happy with the share price, but regard that as driven by the market and the market's perceptions of vaccine with little or no focus on therapeutics.

Wait and see.

Now, now. You've had enough excitement for today. Play with your new toy for now - you can unwrap the next one nearer Christmas. You should'nt be opening any until Christmas day anyway....

Did I hear that correctly? It sounded like she signed off with 'That's Gervaise Headover'..... He He....

Rio? You mean that cash rich neighbour of ours that is rather keen on Copper? That Rio is it? Interesting.

The copper lifts this dramatically. Especially within a market where copper as well as gold is predicted to rise. Fantastic result in both time and place....

Another fabulous set of drill results...Happy Falcon.

3.4