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Bebeto, you are spot on.
There are many scenarios for GH to look at. Most will leave GGP to continue on as an explorer. Even better with an income stream from HAV. This can be done with a separate company or a royalty deal or keep the JV as it is or, or, or.....
If Scally does prove up (or even only parts of it) there will be the opportunity to renegotiate the whole arrangement and move on to other prospects. To my mind, selling of Hav completely will destroy a potential revenue stream and limit negotiations for Scally etc in the future.
We could well be looking at Greatland Gold Exploration Plc and Greatland Gold Mining Plc.
It's in the chairman's statement.
A billion AUD is around 550GBP which is HAV. I think it will soon be time for GH to revisit his initial thoughts. When the full HAV value is established and then with Scallywag hopefully showing itself to be great too I would like to see the billion value of the company in GBP. He was right about the company value target then, soon to be restated in a different currency?
"I did,nt see the " he would probably no longer be CEO and the BOD would have to evolve," part... I don't think GGP would be as good without GH"
Just to say, "no longer be CEO" does not necessarily mean he'd actually leave. He might step down as CEO, putting a miner in place, to become head of the exploration division of GGP.
This is all speculation. Past statements were from before anyone knew what Hav was going to be (as if we know now, we really don't). His world has changed, there are so many possibilities open to him now that he perhaps never considered as possibilities and certainly never would have felt it was appropriate to discuss them if he had.
"I would never buy a yacht." Well, no, but hand me a billion pounds and I might, thank you very much. Who knows what he might decide now that it looks like almost anything is possible?
A spinoff is the creation of a new, public company out of a current public company.
A spinoff can occur when the new company is expected to be more profitable alone than it would otherwise be under the parent company.
The spinoff of a division or subsidiary into a new, independent company means that the new company takes with it all the assets and employees that it had under the parent company. These assets can include products, production lines, and technologies. In some cases, the spun-off entity must take on new debt to pay the parent company for all of those assets.
As a sideline observer and investor, and admittedly without the technical knowledge many have on here, I would just add my observation.
Whilst watching GH more recently, in interviews and presentations, I would think he was 'posturing' (in this case in the best sense of the term) and showing his strength as a leader to get the best possible deal, come hell or high water, for his company and for his shareholders.
ie. I think he is comfortable as an explorer, but simply trying to get the best deal now for Havieron at the very least, as he is in the full knowledge now that he has , thus far, given Newcrest an excellent deal but now has has more power to his elbow.
" advancing exploration across our key assets and seeking opportunities to monetise those key exploration assets whether through sale, joint venture or spin-out via initial public offering."
There's more than two options on the table.
There is a difference between becoming a miner and having a share in a working mine, producing millions of Oz of gold !
"SocilistB.. in January GH said not mining"
What I like to see on this board, is facts and I was just disputing your quote...
I was not commenting on the route to maximum value for shareholders!
Stay safe
Cordorlini.. i think you answered that your self.. "that it wasn't a likely outcome" i think it was in January when he said he dos,nt want to be a miner. I did,nt see the " he would probably no longer be CEO and the BOD would have to evolve," part... I don't think GGP would be as good without GH, and If it came to that then i think i would move on... GH has proven time and again that he is the best placed man in the job. His dream is to make GGP a billion dollar company. some say he could get that with HAV. maybe / maybe not. there is several paths he could go but time will tell.
Morning Folks,
Trucky, can you show me where GH says GGP won't /can't become a miner? As I have personally asked him the question at the 2018 & 2019 AGM's, and his response was that it wasn't a likely outcome, but whatever route optimised value for shareholders, would be the route that GGP would take. He said if that was the case, he would probably no longer be CEO and the BOD would have to evolve, to include new skill sets etc...
Stay Safe
GLALTH's
Lenz. I'm not disputing his idea's.. what I am saying is that GH says he dos,nt want to be a miner, but an explorer. also GH said he could rase the money for GGP,s part if they need to. yes things may change, GH has always said he has the shareholder,s interest at the forefront. Time will tell which way things will go. as I said if he emailed GH with his posts then I would love to hear the reply..
Lots of companies are wildly successful by sticking to what they do and doing it well. And lots of companies are wildly successful by branching out into related endeavours. But I'm sure no company is successful branching out unless the board and executives absolutely believe in it and want to do it.
If SocialistB is actually GH in disguise, wanting to become a miner and sounding out some of his shareholders with his posts here, then I'd say go for it. If he believes in it, there is certainly the potential for it. It's an expensive proposition but it appears Hav has made it a very viable one and potentially a wildly successful one. If that's what they want to do, go for it.
But if SB isn't GH, and he wants to own the mining company that is going to harvest Hav and likely Scal (if it's as good as hoped), I'd just he buy some shares in NCM. That way, he's got both bases covered.
That’s exactly the way I see it Maximus, find the gold do a jv and keep a share , move on to the next one and repeat ! Remember once we start getting an income from say Havieron we can afford to keep a bigger share of any future JV ‘s but we still
have to make it worthwhile for the major player .. a delicate balance but it could be a very fruitful one for both parties ! That’s my thoughts anyway!
Trucky, watch GH in his last presentation and you may change your view, he clearly states they are prepared to be part of Havieron mine .. how that pans out we don’t know and can only speculate !
Ok socialist. I think I get your point. But as you have been told . GH said he doesn't want to be a miner. He wants to explore. So all these bloody long posts are for nothing. May I suggest you put them all together and email them to GGP, care of GH and see if you get an answer. As I said I can see where your going with this but your argument is totally wrong unless GH changes his mind. So please, email GH with your thinking of how he could be a miner and see what reply you get
Hi Maximus10.
I like your headline.
But I like this one even better: Why we should both be mining and exploring.
In my view it should not an either/or scenario, but an inclusive one.
We should do both.
That is least risky way forward.
GGP has been around since 2005 and are first now starting to shine seriously, that shows how difficult exploring is.
And it is true, Scallywag has not been proven yet but there are good indications.
But some of our other assets have shown very promising results. And are near to surface as well.
And could surely be mined if we had the money to buy the machinery ourselves or pay someone else to do it for us.
As you are saying: "The safest, cheapest and least risky way to obtain the best value from Scallywag would be to prove it up and then go for another JV with Newcrest on better terms than the current one."
75/25 to us and then there will be a toll processing fee at Telfer on top of that paid to Newcrest.
Any JV's we have in a gold producing mine and I'll consider us miners.
Maybe not full-fledged.
But none the less miners.
And we would be heading towards the sky like these explores that became miners.
https://stockhead.com.au/resources/this-is-how-3m-market-cap-minnow-ramelius-became-an-850m-gold-miner/
I’ve always thought that successful companies become real experts in their field. If you are good at something, concentrate on making yourself the best at what you do.
IMHO Greatland has been amazingly successful in its find at Havieron. Everyday it looks more likely that it has the potential to make a lot of us fairly wealthy. Yes, if a fair deal cannot be struck with Newcrest in some form of buyout then we “go mining”. In effect of course we don’t go mining at all, we just pay the experts, (NCM) to do it for us.
Personally what I think many of us would like to see is some holes in Scallywag, preferably yesterday, so that if the deal is to include all our prospects in the Paterson we get a fair offer.
It does worry me a little when people start talking about Scally as if it’s a slam dunk. It isn’t. There may be nothing worth mining down there. We need to see those cores. When some people talk about becoming a miner, it makes me think about what that would actually entail. As someone said earlier, Greatland is currently just a very small group of guys. Personally that’s the way I like it. Going mining would be hugely expensive, and seriously increase risk. The safest, cheapest and least risky way to obtain the best value from Scallywag would be to prove it up and then go for another JV with Newcrest on better terms than the current one.
I am not risk averse per se, but I like risk to be quantified, minimised and managed, IMO it’s the only way to make money out of shares.
ATB
Max