London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
You will only have one login account. Registering with multiple accounts is not allowed. Any user found to have more than one account on this site will have all, and any future accounts suspended permanently.
Your email and password must only be used by you. If a post is made under your account, it will be considered that it was posted by yourself.
Your account nickname must not be the same, or contain, listed company names or board members' names.
While debating and discussion is fine, we will not tolerate; rudeness, swearing, insulting posts, personal attacks, or posts which are invasive of another's privacy.
You will not;
discuss illegal or criminal activities.
post any confidential or price sensitive information or that is not public knowledge.
post misleading or false statements regarding the share price and performance. Such posts are deemed as market abuse, and may be reported to the appropriate authorities.
post any private communication, or part thereof, from any other person, including from a member of the board of directors of a listed company. Such posts cannot be verified as true and could be deemed to be misleading.
post any personal details (e.g. email address or phone number).
post live price or level 2 updates.
publish content that is not your original work, or infringes the copyright or other rights of any third party.
post non-constructive, meaningless, one word (or short) non-sense posts.
post links to, or otherwise publish any content containing any form of advertising, promotion for goods and services, spam, or other unsolicited communication.
post any affiliate or referral links, or post anything asking for a referral.
post or otherwise publish any content unrelated to the board or the board's topic.
re-post premium share chat posts on regular share chat.
restrict or inhibit any other user from using the boards.
impersonate any person or entity, including any of our employees or representatives.
post or transmit any content that contains software viruses, files or code designed to interrupt, destroy or limit the functionality of this website or any computer software or equipment.
If you are going to post non-English, please also post an English translation of your post.
If you are going to post non-English, please also post an English translation of your post.
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium and Verified Members
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Some great posts again today team, nice keep them coming tomorrow !
With regards to your last post Paddy , I have watched all the videos that Heddle has fronted together with all the interviews he has done previously over the last few years and you can see that he has all but given up with trying to sell Greatland Gold to UK institutions.
Most UK banks and brokers view AIM as a complete lottery (as most of us do ) without any proper market surveillance and compliance and so why would they risk capital, especially so when money is freely available from the BOE (never ending QE) and can be invested into FTSE companies that offer some sort of yield and where the risk is more manageable.
Its why only one broker Numis securities has full coverage of the company after being bothered to do their own research on Greatland and seeing the 'potential' of the company.
The Aussies are more clued up when it comes to Gold exploration companies having most of them on their doorstep and by having an institutional presentation over there makes more sense and will appeal to even more so as Newcrest are on the scene and RIO are the next door neighbours.
Paddy... Sure he can raise cash in Oz, but if he feels that NCM will hold back on Hav 30% until 2021, he might want to consider another farm in for the non NCM targets.... The rationale being that they don't want to ramp up scally or goliath piecemeal on their own, but prefer to hit the ground running with another major production partner for substantial and quick multi drill programme this year...
Mercman, I think your option 2 is the way to go. Keeps NC in control and GGP in the process. All happy. Remember that NC need the gold and there is none other available at such short notice than HAV. Another reason to keep GGP on board is that GGP is clearly good at what they do, finding new gold deposits. If NC was good at it they would have found it themselves (well they did and gave it up ). It is far easier to have such a successful small and agile unit work through these early stages and then get involved when they come up with the interesting targets. Well, that is what I have always believed and still do. Of course, there are other routes to make that happen but with the JV in place this is I think how it best plays out.
GH may be a money man Oldtimer, but you can very clearly see that he is really enjoying the gold digging. Maybe exactly because of being a 'money man'. Everyone likes gold. Being in this allows him to play a role on the big stage (now that GGP have brought the world HAV) and continuing this is a lot easier than to start something from scratch again. I think he will stay the course. But if not, exactly because he is a money man he will not let go of the goose with the golden eggs for a pittance, and I do mean in the long run that £1bln is a pittance (for GGP in total that is). The man believes that GGP can find more of these HAV like prospects, you can clearly see that. But if he does leave, CB will stay the course and he very much is a mining man so GH does not have to stay the course (in GGP that is) to get the reward. He should just not give it up.
The luncheon next week PG may just be that. In these circles there are many, many of these and now that the party is starting GH does what he has to do, dance to the music and make waves. It will be beneficial at some stage.
GH ruled out an ASX listing at the AGM this year so I don't think it's that.
I was thinking funding as well but doesn't make sense as he would have no problem in raising any money required here in London and hopefully if we start getting warrants converted soon then funding shouldn't be an issue to crack on at Scallywag at least.
The more I think about it the more curious it seems
What if RIO were to bid for GGP's 30% and went into a collaboration with NCM @ Telfer - remember RIO have a lot of other tenements in the area and if they strike it would be in both their interests to get the second train back up and running @ Telfer.
Telfer becomes the spider at the centre of a web of satellite mines in the Paterson area - lots of majors share resources / costs etc.
5% of a wedge to stick in the coffers - NCM are going at this hammer and tongs so realistically what would be the time to first pour?? If Havieron is a beast then 25% of the toll treatment for the next 15-20 years - lovely jubbly.
GH will be a wealthy man whatever way this plays out - he has millions in options that he can cash in or convert and watch the dollar roll in every year.
I'm realistic and realise that this probably won't be the way it plays out as NCM won't want a junior as any sort of partner on their Telfer operation - just once GH makes them stick to the terms of the JV and we get full "FAIR" market value then I will be more than happy. One other thing mate (sorry if it sounds picky as I know exactly what you mean) but the contract they sorted was with MacMahon and not MacQuarie
Interesting merc. I don’t see GH that way at all. But I hope you are right and he wants another Tier 1, sells off Hav and hands shareholders a special dividend of c.15p and has enough in coffers for Scally etc
That is the ideal scenario for me. Special div, offload Hav and keep Paterson exposure for 2020+
Think very unlikely Paddy. I don’t think GH is a gold man, he’s a money man. I suspect (may be very wrong) he will be doing something completely different in 2021. And I think NC will grab the rest of GGP for a song (they’ll attempt to blind the share holders here with a tasty bid for everything, which for them is equivalent to that of Havieron) and they’ll say to GH in private (we have the infrastructure, it’s this or you go and talk to Rio). Lots depends on POG of course and world events. I suspect £800m for the lot would be accepted and in reality that will value all other GGP projects at c. 50-100m (dependent on the MRE of course) but you get my thinking. Hope I’m wrong and we hold out.