Member Info for YNWA91

People saying the SP doesn’t make a difference for ASX listing. It does if he has promised people there will be a raise around the 7p mark and it’s taking longer to complete the listing than first thought. Not going to look good on him if we are at 11/12p and he raises at 7p is it?

MH01-Why do you answer something that hasn’t been said? No one said SD is withholding dates.

LA - I am not sure on a date to expect it by because as you say SD is often vague about dates. I am surprised that we haven’t been given a concrete latest date for certain milestones by now with us being so close to production. If Newcrest are obliged to carry on the day to day running as normal then don’t see any reason for it to be delayed. I would like the FS and DTM before the takeover is complete.

Surely if we don’t hit certain milestones by x date then it will cause delay to first production?

Hi Bottle - Again, the point in the post was that no one would begrudge dilution if it was to purchase something that provided cash flow. I don’t expect delays to the updated MRE either, that’s why I didn’t mention it. However, you can’t tell me there aren’t any investors who are concerned about possible delays to getting to production as a result of the NCM takeover compared to beforehand.

To clarify I’m convinced we are still heading in the right direction overall and this time next year the SP will be a lot higher once we are in production.

Hi Timber - not quite sure what you’re replying to, I agree we should at least get the updated MRE in August and I think it is going to be a good one. However I don’t think that’s the most important update at the moment, the big catalyst will be FS and DTM which we can’t afford to be delayed.

Bottle - I don’t think anyone would have a problem with a raise if SD came out and ensured us the only way it would happen if it was to buy something in the near future with free cash flow, therefore adding to EPS. People and the market are concerned that there will be more delays to the FS, DTM etc, so the cash raised will be just for the running of the company until Newmont/Newcrest decide what to do with Telfer and Hav or getting it to production. GLA

MH01 - all you ever say is how people shouldn’t come on and question SD and point out any negatives of his running of the company because it doesn’t change anything. Do you also think the people who come on and defend him and say how good a job he is doing (like you) should stop doing so, as that also doesn’t change anything?

He hasn’t done as bad of a job as some make out on here and he has done a lot worse than some others make out. Fundamentals have improved but if you think there is no way he could have slowed the slump in share price and has done everything perfectly then you need to stop trying to convince yourself and everyone else.

Simple fact is if he does any placing below 10p when we are so close to production and are fully funded then he has not got shareholders or the companies best interests in mind. GLA.

Even if we were to go it alone with Hav and Telfer (we won’t) as if a sale would go through without an updated MRE. We can’t complain the MRE is a year out of date making the project massively undervalued then try and use that figure when negotiating the whole price.

I think the problem people have is that if SD issues more shares, people would rather it be higher than the price now and that will only happen with more information. He waited and waited until the price was on the floor to issue shares. And then posters a while back infuriated everyone else by saying last chance to get in at 14p before this flies north, then when it went down by another 50% they moved to another bb because this one was “too negative”.

Hopefully things will turn in the coming months any way as I fully expect it to. GLA.

I agree with tigger, SD has said he will only release his own data if NCM take the ****. Delaying from December to February is bad enough without any concrete reason, but then to delay again until August with the only reasoning being that it will benefit the company in the long run is taking the ****. What is to stop them getting to August and saying actually it’s been delayed again?

Redirons - what are you on about you muppet? I’m always positive about GGP it’s not fear mongering to say you’re not happy with an outcome. And if you think the SP won’t drop tomorrow you shouldn’t be investing.

Think you’ll find I said the 5% is worth way more than the £60 million offered.

I posted so quick because I sat waiting for the results to come out. Don’t see you calling people out for being overly positive seconds after the results drop.

Everyonesawinner- They believed our price was closer than NCMs value was. I thought it was ridiculously undervalued at 60 million but still wanted them to buy it as it would stabilise our SP and stop some of the manipulation.

They couldn’t possibly try to take out HAV now surely because if they paid more than £360 million for our 30% they would be hammered by their shareholders for not taking the 5% cheaper.

Before everyone starts please don’t try and turn it into a positive. They aren’t doing it to stitch us up or manipulate our SP, they aren’t exercising the option as they don’t think it is value for money at the minute.

Terrible news for us that. NCM telling the market they don’t believe 5% is even worth what was agreed :O

I’m personally not selling any until we get bought out but to be fair when we were 30p, and 25p and 17p there were people saying that anyone selling must be crazy, probably worked out quite well for them.

Then you had people saying the shorts had been burnt when were at 14p and they were stuck because the price was about to fly. Then we hit 9p.

I had to sell a few at around 19p on the way down to pay a deposit and was gutted as I thought I was selling at the lowest it would get, looking back glad I did it when I did.

GLA.

Think it will be telling when NCM make an announcement about the 5%, probably on 18th of this month. If they take it up we will continue a slow steady rise, if they don’t take us up on the offer the SP will drop like a stone. I think they will snap our hands off for it though so not worried about that.

Once they buy the 5% SB cant downplay HAV anymore or he will get pressure from NCM shareholders of why he’s paid out for something that isn’t anything special. But if he bigs it up too much the price will rise making it harder to manoeuvre a buy out. If he talks us up massively it would appear they are happy for the next few years to have 75% and share some of the capex with us (and profit).

If he buys the 5% and hedges his bets when talking about GGP and HAV then get ready for a buyout in beginning of 2023. I think a 40% premium would be more than fair, so let’s hope we can get back closer to 25/30p before that time comes at least.

GLA.

I think a lot of people haven’t got a clue about takeovers and expect NCM to start offering 5/6 times the current SP for a takeover. Never going to happen most companies wouldn’t even be happy having to pay a 40% premium.

I think if they offered 50p now I would snatch their hand off and so would the majority of investors who’ve been in the game for a while.

Dip - I agree everyone is responsible for their own decisions and I would never let anything posted on here influence my decisions. I just wonder how it would feel if you had given out that financial advice that has cost people fortunes, whether they should have been influenced or not. You never get LTH saying they think it’s hit the spike I reckon we should all top slice a bit, unless they are clearly derampers who are nothing but negative, which we have had a few of.

Which is why I don’t understand asking everyone how many shares they are holding if no one is trying to influence someone else one way or another.

Also, I think every random saying how many shares they’ve got is useless and I don’t understand what people are trying to achieve. Although it has made a nice change from hydro chatting nonsense about shorters ‘running for the hills’ all day every day. GLA.

I agree, the people who advised others at 36p+ to sit on hands were probably the ones selling up at the time. Although you should never believe anything posted on a BB anyway as the rampers are usually the ones selling, especially on aim.

However, it might be nice if the same posters came on when we are 1/3 of the price and held their hands up for the completely awful financial investment advice they were giving out over and over again. Bearing in mind if they were right and we ended up at 50p+ they would certainly be reminding everyone of their advice and looking for a pat on the back.

Antigua - I agree would prefer to see us becomes a miner in our own right, but think we are a sitting duck at the minute with the SP languishing. Seen it before they keep everyone’s morale down so when a lowball offer comes in they are the saviours and people are happy to make any profit they can.

I think the higher the immediate SP then the safer we are as most investors will already be sat on big profits so they don’t need a takeover to see a return or get their money back. I honestly believe if they made an offer of 38.5p per share today the majority would accept it. Not as laughable as some people think as even that much of a premium is not very common.

Lucky enough that Ive been in for a few years with an average of 1pish, so I can afford to wait it out knowing no matter what I’ve made more than I ever will on another investment. Some people are not in that boat and were spiked due to what a few posters put on here when we were in the 30’s and they implied the SP could only go up. GLA.