GGPChat

Note from Canaccord from last week - some interesting comments from them in relation to the obstacles that NCM might encounter if they were to try for 100% of Havieron.

They also highlight the new exploration results saying that the current MRE is a microcosm of ultimate potential.

ATB - Paddy

Prepping for a T/O ?

Have they timed it appropriately is a question. Another is, as SD is obviously aware of such a move and i trust he's a couple of steps ahead given the PT deal, what does he have in store for us next.

It's getting interesting, damn interesting and looks like it could be an exciting H2.

So much to look forward to for sure.

Surely NCM don't have to take out GGP as a whole. It would be simpler for both parties to bargain part-ownership of Havieron for a royalty. SD can then build Northern Star 2 around Scallywag.

College Yard wrote: ↑Wed Jul 27, 2022 2:57 pm Surely NCM don't have to take out GGP as a whole. It would be simpler for both parties to bargain part-ownership of Havieron for a royalty. SD can then build Northern Star 2 around Scallywag.

I'd rather we hold onto Havieron as a production partner unless we actually confirm a discovery on one of our other 100% owned tenements through an extended amount of drilling to get to the stage of a maiden MRE at a minimum.
Perhaps then it makes sense to consider a royalty or full sale of our stake but very dangerous to assume a discovery until we have one IMO

Hi Dip. Absolutely agree - that would be the better order of things.

Updated Cannacord note- Courtesy of Paddy.

Company Update note out from Canaccord today.

https://twitter.com/paddygall1/status/1 ... nyO7IGq5xQ

Updated broker note from Cannacord - https://twitter.com/paddygall1/status/1 ... 58597?s=20

Speculative Buy - Target Price 20p