Member Info for zoros

Turbo - congratulations and a brave move. I wish you well.
One of many hopefully after the next 10 years passes by........

Novochoc...bless you. As expected, another post from you reflecting your level of sophistication and intellect.

Slug -
silly..yes for buying solg all those years ago.
old - not quite.
fool..yes for buying solg all those years ago.

Still watching you though earthling......heh...heh.
Z

Still anger and resentment in the air amongst our honourable membership......and fully justifiable, too.
Lots of what if's and quotes and maybe's, leaving many on here still somewhat confused, bewildered, angry.
So.....let's take a view from 'outside the box', one which is fact based, no conjecture.
Keep this in mind along the way and a lot of worry/concern will slip away hopefully:

PROVIDED each of us has time on our side, the following WILL happen....fact.

A maximum of 10 months from now, the DFS will have been written and published by NCM.
The DFS and all its data gathering, interpretations and detailed assessment of an economical recovery of millions of ounces of Gold (and additional Cu); the design of a bulk underground mine, it's manufacture and its processing, will all have been carried out by NCM, all of it at their expense.
NCM will have spent $128m modifying Telfer.
NCM will have spent $280m getting Hav ready for the starter mine.
NCM will write the DFS for one reason only - to persuade its shareholders that there is a 90% chance of making a small fortune @ Hav. They will ask for their approval to commence BUM construction.
To get this approval, shareholders will want to know exactly what is down there. Consequently it will be public knowledge what the DFS shows. GGP will also know. We will know.

No amount of obfuscation, mirrors, delayed MREresults, assays - between now and then can change the inevitable. NCM will not mine this site unless it is a "gold mine" and that they are going to become very rich mining it!

IF SD needs to, he can drag this out (and play to the tune of the organ grinder) until then, because one of two things will happen in December:
1. NCM will buy GGP@Hav out at the DFS rate.
or
2. NCM will take GGP mining in the knowledge that GGP are fully aware they too, going to be very very rich.

Bit like those long bicycle pumps. The exhaust end is the DFS. Put your finger over the exhaust and push the handle down. The pressure (on NCM) is going to increase exponentially over time.

SD owns the pump!
Z

Novochoc - I can't be ars ed to "pipe up" anymore, except to keep slug in check.
The Solg SP has ground me down to be honest. The peeps on this board not far behind.
Solg have a new motto, did you see it on their website?
"repente nihil". Translated it means:
"Suddenly..........................................nothing happened".
Day in, day out, year in, year out.
I've ditched the roadmap and all my research because Im only interested in jumping ship the moment I achieve my very low target.
Same old group of about 5 or 6 posters on here going round and round and round. Bit like you have over all these fecking years talking about 55p by friday or worse still that little lost lonely boy sitting over there in the corner, squeaking now and again, words like: "looking good", oooh, we're doing well", or his mother squawking: "love you babs" once a decade.
You could 'pop' in here every 6 months and the same people would be discussing the same garbage.......try it?
There is that sufficient for you when things are looking 'up' (pmsl)?
Z

mushroom.
My research in this area leads to the fact that majors, eat their young! They swallow not only their junior partners (whole), they swallow anyone close by (so watch out Artemis and others).
I can only think of two juniors who have escaped the 'Predators':
1. Fortescue Metals (Iron ore mines).
now here' s a belter and oh the irony...........
2, Northern Star (as I was kindly reminded of fairly recently). And who was the CFO for them?

Z

L-A you are absoultely 100% right!
I have said that an MRE2 now would be premature because we haven't finished the massive drilling campaign to June 2022 yet. I even suggested that a 'further' MRE(3) would come out in early september to capture all this. I have mentioned MRE2 coming out now (in my past posts) for the following two reasons:
1. SD stared last year that the MRE update would be in the first quarter of 2022 (roadmap).
2. Two reports by NCM were imminent this month (annual / mineral and ore report), I suggested that an 'update' (possibly an immature MRE2) might be bolted on to keep the NCM/GGP/market troops happy.
SB has decided otherwise.

But yes I agree with your thinking, in fact the longer the delay, the bigger the picture.
Z

Knocky - good to hear from you after such a while.
For those who don't know him, he is in the top five when it comes to size of shareholding (coach/dimvestor and JS et al).
Dust still settling and in so doing, some cracking posts to be fair, covering everyone from the forlorn to the sanguine.
What to make of it all?
Firstly, SD HAS to respond to shareholders in the coming days/weeks regarding our situation. He has to.
Secondly, I still feel some resource update will come from NCM before the end of Q1/22, as per my roadmap.
Longer term...........................
I would definitely put knocky's theory up there on the menu, for consideration.
I would also remind myself that SD is an M&A guy and his experience suggests he will do his best to defend GGP. By this I mean...get the 'best' price under the circumstances.
So, IMO: Company's like GGP don't do too well in these situations (minnow trying to hold onto a fraction of a large resource). SD knows the writing is on the wall. Probably knew months and months ago. All seemed well to him until recently, when last night then happened. Now, he has to 'up his act' and improvise to maximise shareholder value in the glare of the sale of GGP's Hav share.

I have said time and again......what is the purpose of GGP once we go to production? Why would a major carry a minnow who is unable to offer anything towards the future mine @ Hav?
Can anyone answer this question satisfactorily?
So NCM (or any major) will want their (non contributing) junior partner out of the way soonest. And I think we are beginning to see this happenning now. [I actually felt NCM were planning for this way back].
SD options:
1. Hope for a good bid for the 5% from NCM shortly and get back into bed with NCM. Unlikely.
2. Go for prolonged arbitration while further resource updates arrive. Possible, because the longer this drags on, the more the pressure builds on NCM to provide results.
3. Complete his term sheets, arrange debt loans and make out GGP is in it for the long term, so that when NCM tells GGP (At the FS stage) they need half a billion to stay in the JV to build the BUM, GGP can say: OK! By then we WILL have received the DFS with all the resource updates and more - calling NCM's bluff forcing them to reassess their valuations.
4. SD can 'make noises' that he is touting for business from other majors, for the remaining 25%. But this really would poke the big bear (SB) in the ey with a sharp stick, methinks!

Remember, SB is officially a bully. He has admitted to it. On face value he will change towards his immediate employees but there's not a chance in hell he will change his business acumen which has stood him in good stead for so long.
He sees the likes of SD as victims. SD now has to confront this head on.

On the other hand, MRE2 could land tomorrow!

Z

sojourner - more Q's than A's from me.
It is blatently apparent that they are not bedfellows, probably never have been even though Mr good gy (SD) makes it out to be.
Look. SD is a seasoned vet. He aint some naive green behind the ears CEO ,, he will navigate us safely when he can through these hurdles. With or without his 'ears'.
Bye for now.
Z

SHAUN not sean
Z

The end.
Z

When is decline speeding up? Will it be completed by end of 2022?
SD: Moving a little quicker right now. Within budget in cost and time at the mo.. A range of options to resolve it against the original time frame.
277m announced today.....not vertical. It is along the line of the decline. Factor in the incline to work out the vertical.

When is Scally due?
SD: assays taking +10 weeks. expected out shortly. Paterson is wet and heat season.
More materials out around APRIL.
Done some EM surveys too.

When is the MRE2?
SD: Might be around the FS????????
I think we believe the parties need to define that resource in the shorter term.
WTF?

Interviewer: the 5% is running in the background, when will it happen?
SD: He's suggesting they haven't talked to each other yet? Mmmm.
It can take a little bit longer........ultimately the value is dictated by the JV agreement

SD explaining his relationship with SB.....ooh vicar!
"it was a surprise no update included" ???
It warranted an update he says.
When it does come out then.....and only then will we discuss the 5%. Good boy SD
Z

SD just confirmed he was surprised the JORC update wasn't forthcoming. Pi ssed off if you ask me!
Z

and some ears!!
Z

starting
https://event.webinarjam.com/live/1433/k667ytz3pbwm3hzg0t482l
Z

If anyone wants a copy of what he said, email me: zoros@mail.com
It's there in black and white, he can't remove it.......
Z

I will not cut and paste what slug posted last night, it is too disgusting.
Suffice to say it was derogatory IN THE EXTREME about a minority group and having them removed from this country.
It wasn't a 'joke' it wasn't a 'mistake' it wasn't 'woke'. It was illegal race hatred. He knows it, LSE knows it.
Let's see how he behaves going fwd.
Z

what you on about gino?
Z