GGPChat

Midas Malc wrote: ↑Tue Dec 06, 2022 11:37 am AGM started off straightaway with an interruption of AB on the first resolution, which I found both quite amusing, as unexpected and caught him off guard, but showed how concerned this particular individual was about the fall in the share price. With all 8 resolutions passed, SD's presentation brought us up-to-date. The Q&A session didn't cover any questions from in the room. So, SD was asked the online ones only to the best of his knowledge. He was very honest about the question of Havieron's vulnerability of having the other 30% bought out by Newcrest, and admitted that it is highly unusual for them wanting to own 70% of a world-class asset in their portfolio, and feels that is still a threat. However, he didn't suggest how that threat would be countered, but having the debt/equity sorted out and the additional 'stellar' board member(s) having joined or about to join, should be a good defence against such a hostile takeover bid. I think the question about JPM shorting our stock was a valid one, as it has done so much damage to the share price, especially as JPM are involved with Newcrest. Therefore, although we have a good working relationship with our JV partner, and we couldn't do it without them, we have to be wary. The FS he stated should be in the June Quarter 2023, and could coincide with Newcrest's Feb 2023 report, including hopefully an upgraded MRE released at the same time. However, SD did say Greatland would produce their own again if it wasn't forthcoming from Newcrest. So, my interpretation is with a lot of news flow to come over the next few months, with MB & EG joining the board etc, that the share price which for those joining is paramount to why they're joining, having to reach a certain share price before they'll make any money, plus drilling assay results from both Havieron, Scallywag and the Juri JV - we have a lot to look forward to. I would be delighted to hear what other people think, especially about our vulnerability. GLA Greatlanders!