Member Info for YorkshireLife

Tiggerman,

Yes... certainly been some bruising experiences on AIM in recent times for many! Good to see at least one of my early picks coming steadily good and receiving the support it has always deserved AT LAST.

I agree... Even though I tried my best to raise to your challenge, those downside risks read quite well to me too...LOL!

GL in the week ahead in all your investments :-)

Tiggerman: "Will be upset if anyone can list a single downside."

I am very optimistic about projections here too... but in the interests of balance, here are a few downside risks:

1) Newcrest gets bought out (perhaps a hostile bid from Rio) Although this would obviously not kill GGP's future... it might delay it somewhat whilst the bean counters go to work and prioritize future plans under new management.

2) Gold and minerals could continue to suffer through Market devaluation - as they have done for the past few years.

3) GGP get bought out - in advance of reaching their "full" value potential. Still a win win for shareholders... but perhaps a disappointment for those expecting truly life-changing sums in future.

Like I said: I am "very" bullish here & will not be selling ANY of my holding until we reach fair market value. I think 5p is the next target until we get further updates. If the good news keeps on flowing, then the 6p Numis target could be beaten - especially if some of the assets are sold off... another JV is announced, or Newcrest further extend the scale & boundaries of Havieron.

Certainly enjoying the ride on AIM at the moment (for once!)

GL A ;-)

My oh my - what a week... what a day!

Looking forward with anticipation to what the next week... weeks... and months bring!

At LONG last, an AIM share that "actually" delivers on its promises... a precious rarity indeed!!!!!!!!!!!!!

GL A ;-)

And remember... II's invest in small caps ONLY when the risk factors have been eliminated and a clear pathway to profit has been cleared!

5p+ next week IMHO!

GL A ;-)

Yesterday's conference drawing in new institutional investors... or imminent good news on the horizon concerning Havieron partnership project with Newcrest ...

...Or maybe even BOTH! :-)

Jonesrichard... and I thought I had been daydreaming of late!

20p - 25P sounds a very realistic proposition here to me... 30p - 50p sounds optimistic... anything above that - quite honestly - rainbow territory!!!!!! ... but I won't refuse it.

If it gets anywhere near that level... I will donate £1,000 to a charity of your choice JR! Take note of this - as I always honour my promises.

YL :-)

Guys,

With the greatest respect:

the only thing that is obvious to me... and evidently to The Market as a whole is that - despite an RNS to the contrary... there has been further news which has had a disastrous impact on the SP today and had "obviously" already leaked which explains the drop over the past few days / weeks. Quite honestly - there is no better explanation for what we have all just witnessed.

The additional problem... as countless other AIM companies (far too long to list) have already discovered to the permanent detriment of their share value, is that once "trust" is broken... it takes a Herculean effort to restore!

Not intended as a de-ramp... and I am sincerely sorry to have seen this happen to HUR.

YL :-(

Martin-s...

Well said! Clearly in breach of governing rules & caught out clearly giving dishonest information in an RNS to shareholders. A note to the ombudsman needed?

Enjoying this episode of the Ocelot & Ja51 show !

YL ;-)

Stuart,

Totally agree. Been invested here since well before the Newmont debacle and it left a "very" bitter taste in my mouth back then... but we've seen steady progress and clearly defined and delivered milestones ever since.

Today I sold off the last of my remaining other investments on AIM and now just hold GGP. Gold is a safe haven anyway... and in this very uncertain world, the added bonus of a heavily undervalued explorer being chaperoned to success by big brother Newcrest instantly restored my lost faith from the previous disaster years ago.

Downside risks?

The only two I can see are:

1) If Newcrest is bought out... and how this subsequently affects the partnership with GGP? But would a larger buyer really want to walk away from the deal anyway and hand back Havieron? I think NOT! Probably could cause some delays though?

2) Exercise of warrants and possible placing? But - again - if the money is used to stabilise the company's finances and put them in a stronger position to negotiate a better deal with Newcrest, then the short term hit should be a lot less painless than at any time in the recent past.

Sit tight and watch the story unfold is best advice right now IMHO.

GL A :-)

Clearly something is happening. New Numis note having an immediate effect here - or someone let the cat out of the bag on "other" news?

Bet Friday's traders who sold off hoping to get in cheaper are quietly kicking themselves this morning!

GL A ;-)

Oldtimer...

Agreed.

I have been invested here since well before the Newmont "saga" and have since that time been sensibly sceptical & always sold a percentage of my holding off into any rise... and bought back on the dips.

Right now is the first time since then that I am holding ALL my stake... as I honestly believe a negotiations RNS could drop at anytime... and if it does... I want to be "IN" to enjoy it.

Fingers crossed GH protects investors interests whatever happens!

GL A :-)

Thirdman...

I respect your viewpoint, but I disagree.

I think Newcrest will already have a pretty good "general" idea of the value of Havieron - in which case it makes perfect sense to try to agree a buy-out between the two parties. Not suggesting that this would be a hostile bid... but certainly in Newcrest's best financial interests (and their shareholders) to test the water with the directors of GGP to see if a figure can be agreed in principle before GGP announce and recommend to shareholders.
What would be the point in waiting until a full resource estimate were produced and then being saddled with a partner taking 30% or having to buy them out at a premium when you could pay a lot less sooner?
GGP shareholders might not like a lower bid now (myself included) but if you were looking at this situation from the bigger partner's perspective... it really does make sound business sense.

IMHO :-)

GH has also hinted that he will not be around a lot longer. I doubt very much that his plans extend to being involved in a full mining enterprise. GGP do not have the depth of experience - or the appetite to become a full mining company.

I think their strategy has always been to prove up and sell on - or take a share from the JV as a sleeping partner - to enable them to further their exploration interests.

They are an excellent exploration company and will most likely remain so until a partial or full buy-out IMHO. The question remains how fast this will happen.

Spymaster - I agree - we are all just guessing here. The only thing I am confident about is that I will be holding ALL my shares now regardless of daily dips and peaks...

GL A :-)

Oldtimer...

Ah... 1963 - a vintage year! ;-)

I hope you're right and we see a higher bid / offer. Just not been much evidence of "generosity" or "fair market value" in business deals in recent years... especially in this sector.

You only have to look at the struggle the SP has suffered to break even 3p to realise that sentiment is still low :-(

Maybe a 10p bid for Havieron in combination with a second JV deal on Black Hills to keep the ball in play for shareholders?

There were similar conversations on another share I was invested in: Amer.

I considered myself to be realistic expecting a buy-out for 25p or thereabouts. Many did the math and speculated on 30 - 50p. Bearing in mind the directors had turned down a part share part cash bid for circa 18p - most were shell-shocked to discover a 19.22 bid was eventually approved and voted through. Amer now sold. The SP had been more than that in past years!!!!!

IMHO, if a serious bid were put to shareholders here at GGP, maybe enough would vote through a bid at 10p. Whilst I would want more (obviously) I've long since learnt that it pays to not set the bar too high on AIM!

My preference is to see Havieron through to a resource estimate and fair valuation on GGP (maybe even manage to achieve another JV partnership on one of our other prospects by then also) but I am very wary an early - less attractive (for PI's) deal could be struck sooner - rather than later.

GL A :-)

Would be a shame for us to be taken out early... but IMHO it is highly likely - regardless of our own personal wishes.

The issue is that our SP is too low against our highly valuable future prospects which makes us a sitting duck at the moment.

The more Newcrest prove up... the more valuable GGP become. An early bid to take out either Havieron or the company as a whole, would be far most cost effective for Newcrest shareholders in the medium to long term - especially if it is done with the full approval and recommendation of GGP's directors.

I would find it hard to believe - given Newcrest's growing vocal enthusiasm - that at least some preliminary conversations had NOT already taken place and maybe an agreement could be reached if the numbers add up for both parties...

What do others think?

Bearing how fast this moved yesterday - and how much news is on the immediate horizon - I am sitting tight. Can still sell at a healthy profit today... but I'm too wary of how cheap this company may currently look to the big boys out there. I still think if this is continued to be played by The Market... then a cheeky offer is a almost a certainty!

Imagine if an offer landed and you had just sold out for a small profit hoping to buy back on another fall (like many have been doing here for the past couple of years!) I couldn't live with myself!!!!!

GL A :-)

Really... the only possible danger I can see here for investors is a cheeky low bid buy-out of either Havieron or the whole company before we attain full market value.

But... even in this worst case scenario... the price will still have to go up from here in multiples... NOT down!

GL A :-)

"The negative is if newcrest buy ggp for single digits as that would be daylight robbery"

I doubt Rio would let them have it on the cheap... might start a bun fight!

LOL ;-)