Member Info for zoros

I say again: 31st August 2022.
Z

TomE, your 1241: Liam has left the building.
He's just returned earlier this evening:
h tt ps://www.ggpchat.co.uk/viewtopic.php?t=437 7:37pm
Z

31st August 2022.
Z

What is it with keyboard warriors?
It is seemingly dead easy to be rude to others just because they know they can get away with it perhaps.
Why do they relish denegrating others views? Are they insecure, anxious, underconfident?
Public forums where we're all supposed to be on the same side - should be a safe haven.
Say what you feel, be polite, constructive but say your peace. It's your investment, enjoy it!
Z

sas - if you think ncm and ggp are in bed together, you're not as savvy as i thought you were .
SD will say whatever it takes to stay onside - that is a given, but if you genuinely believe NCM are looking out for anyone other than themselves, you need to take a closer look.
Even yesterday at D and D they still didn' t recognise the 6.5Moz, wtf?
Listen - you have your view, i have mine. There's room on here for both "ffs" (your words).
Chill.
Z

Hi guys.
SB's a bully - he does things his way and no other way. He 'thinks' he knows what his shareholders need to hear and wrt Hav he wants them to hear that 25p is a very good offer!

Where has this 25p come from?
You hear posters saying they won't part with anything less than £1. This ain't going to happen, not as long as the sun rises each day it won't. This £1 makes SB's offer for GGP: £4.2Bn. (It makes the mine worth: £14Bn). SB ain't going to pay anywhere near this amount, now.
We hear the mine could be worth 20Moz...yes over a decade of mining or so, maybe.
Not now.
NCM surely must be close to 9Moz by end of 2022. Of which maybe 4 to 4.5Moz will be proven up to Ore reserve. This will make GGP worth around 25p ish.
Theoretically and from other buy outs statistically, they may add a 40% premium making it 35p in total - the offer for HAV (not GGP) by year end. So I would expect a range between 25 and 35p depending on how SB feels when the DFS is published.
After the DFS, GGP need to cough up some spondoolies to build the mine, which will mean borrowing / equity release. The stock could dip. Could the DFS be the optimum time to make his bid?
[All of the above is IMO of course but something smells with NCM and they need to act this year, ideally].
Bring it on.
Z

AUGUST 2022.
14/05/21. Decline commences. (460m deep / 3km long).
15/07/21. Mine officially started.
03/03/22. GGP MRE2 published. [5.5mozAu / 218ktCu: 6.5mozAuEq].
01/07/22. Scally exploration starts: Rudall and Pascalle drill programme commence.
01/07/22. 40Km growth drilling programme to end of 2022.
18/08/22. NCM Full year results. To include MR&OR update up to 30/6. (NCM mre2?).
31/08/22. Expiry date for £50m (5%) uptake.
01/09/22. GGP 6 weekly update?
09/22. GDXJ rebalance.
13/10/22. GGP 6 weekly update?
10/22. Byrnecut contract for first decline terminates.
26/10/22. NCM quarterly results. [BST].
02/11/22. GGP Annual Report. (KPI’s for SD’s 12m share option).
11/22. Sprott ETF review of GGP.
24/11/22. GGP 6 weekly update?
12/22. GDXJ rebalance
Q4/22. D.F.S. Decision to mine (as a JV) by NCM / GGP.*
[NCM loan of $50m runs out on completion of DFS].
Q4/22. Bulk Mine decline commences. [750m+ deep / 6km long].
01/11/23. Panorama mining rights expire.
2023. Substantial growth drilling programme commences.
2023. Drilling commences @ Ernest Giles.
Q4/23. Exploration decline and ventilation shafts complete.
H2FY24. (01/24 to 06/24 inc). SLOS first Ore. First cash flow.
Q2/24. Sub Level Open Stoping (SLOS) construction commences.
Q2/24. First bulk production of Gold/Copper.
[Est production profile over 10 yrs: 25mt@3gAu/t / 0.44%cu]
[2.4MozAu/109ktCu].
Q3/26. Possibly 2 Bulk Underground Mines (E Breccia and N Breccia?).
2028. B.U.M production. Operating in tandem with SLOS.
2036. SLOS estimated end of life based on: (4.2MozAuEq / 3Mt/yr / 12 years).
2053+. B.U.M estimated end of life

Z

Having spent in excess of $300m to date and telfer extended for only a short while, the race is on. And it is a race - NCM know there's gold there, they know its the best find in W Aussie for decades and they know that the cost for winding Telfer down in manpower and costs is prohibitive.
They are diluting results (since 15th Dec 2021) and preparing the way for a 100% bid on Hav.
Remember - there are those of us who are steeped in GGP and we know exactly what SB knows behind the scenes. He, however is dumbing the whole thing down for his shareholders because when the time comes to make a bid, he wants to impress upon them that his offer is low for a reason (2.9Moz and counting), so something around 25p plus a 40% premium would seem a fair price.
But behind the scenes, he's doing us over - big time......................................or so he thinks.
SB, welcome to your equal: SD.
Z

Shaun has his 'incentive' as of 8th Feb 2022, in the shape of 12,000,000 shares which will vest from that date for 3 years, based on KPI's (which will be advertised in the GGP annual report in Nov). Once owned, he has to retain them for a further year before he can trade them.
Gets them in Feb 2025 and has to hold onto them until feb 2026 before he can trade.
Does he want to buy more now?

https://www.lse.co.uk/rns/GGP/grant-of-performance-rights-h0yddmfbnz7ihgb.html
Z

Novochoc - you said you were leaving for good.
We were all celebrating.
What happened - FOMO?
Z

Proudindigo - very good!!
"... 16p by the next prime minister. 50p by the one after that...."

16p if its Sunak (because of his fiscal steadfastness).
10p if its Truss (because of her inflationary plans).
0p if labour win the next GE because they will nationalise the FTSE!

Only joking ;)
Z

BBG - It pains me to say - I agree with you on this one.
For gawd knows how long has RK been feeding us snippets garnered from his contact(s) within Solg, or that's what he's been telling us?
He persists that the info is kosher. I think it started with the best drill hole in the universe or other such b ollox a long while ago. He passes us tid bits and snippets from "schhhh, you know who" in the knowledge it can never be confirmed nor denied. Probably made up - yes?
Let's (for one minute) believe it. Let us also believe that over this same time frame, when RK posted that he was increasing his stake @ Solg - he actually did.
After all, he believes in Solg and the direction they are travelling in, like so many others here. He's done his research and has faith in its future. Why shouldn't he?
Very recently, some people have left Solg. The concensus amongst several on here is that they might have left because Solg have lost their way regarding their financial strategy and are struggling to find a financial partner from without. Some are even insinuating there may be an equity raise because all else has failed. All heresay of course?
And we all know what happens when the stock is diluted don't we?
If only we knew dilution was on the cards, we would probably liquidate our holding, wouldn't we?

On the other hand maybe RK really is Walter Mitty..............................
Z

MassiveRay - happier than on Solg currently - a mini hand grenade of a RNS!
Dolloo - please don't stop contributing, everyone has gaps in their knowledge of GGP, we all learn from everyone's Q's.
Z

Dolloo - stay with me on this to see if it clarifies matters for you:
The 5% offer for $60M is/was for 5% off the whole mine @ Hav.
Theoretically this makes the whole of Hav worth $1.2Bn.
That makes the 30% owned by GGP: $360M.
With 4.2Bn shares out there it equates to a SP of 8.5p.
All of the above was predicated on a cut off date of 15/12/21.
Only the 2.9Moz in the NCM PFS was included in the maths.
SD has managed to transform the then value of The mine from $228M to $1.2Bn, a 5.3 multiple of its former self.
This is what has propelled the current SP to where it is today compared to what it was just before the results for the 5% came out.
We now have 6.5Moz in the bag (GGP MRE(2) , Sprott is estimating 9Moz from the SLOS alone ( and 6.2Moz from bulk mining in due course).
I am envisioning approx 7.5 to 8Moz in the coming months from NCM. (IMO).
Do the maths?
Z

Mathersfinger - forever the eternal optimist.
One day you’re going to wake up dead waiting for this wedding stock to ride!
Another day another local recruited by Solg, no doubt.
Z

Except DBW missed that awful caveat: EQUITY RAISE!
Was that on purpose DBW?
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It’s what I thought. Thanks LBA.
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Hi James. I meant the possible 5% might be today. Not the annuals? Timber - are you at cross purposes with James Annual report date of 18th August? What’s the webinar about? Apols if I’m confused. It’s too early!
Z

I know I stuck my neck out and said earlier that the 5% uplift would be formally announced in the NCM Annual report but a 7% rise today suggests somethings afoot.
Maybe a RNS tomorrow, declaring it then?
Z

Your post @1941.
Correct +10% on tolling fees.
Z