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To quote Hannibal from the 'A' Team :-
'I love it when a plan comes together ! '
A Great day for all Greatlanders !
I'm speculating that the news regarding Newcrest-Solgold somehow relates to this price move...I can't work out what the connection is but the timing piques my spider senses
As I said a couple of hours ago...............
Squeaky bum time !!
Nice.
Why would Newcrest want to buyout GGP? I dont understand peoples thinking around it? I can understand a purchase of the rest of the license and a friendly accord of future JV agreements on GGPs other licenses, but purchasing of another company is a hold different ball game, with much more complexity (the most complex of this is tupe of staff). I would prefer a full purchase of GGP as it will take the decision to sell out of my hands, as i really dont know when to get out, but as mentioned i cant see that happening.
San
BR
It's just you
These takeover posts always seem to rear their head when the share price is about to pop.
or is that just me?
Think you misunderstood my post Spy, wasn’t aimed at you,just replying to the thread.
I was agreeing with you, a few months back a lot of well known posters were saying 10/12p would be good for a takeover. Due mainly to a thread on Beetham.
The same now, fwiw I’ve always said October report would be more enlightening as I’d guess( probs way out) that stage 3 would be nearing completion.
But still firmly believe that the original agreement will run its course and the SP will be higher than now
GL
sorry, what did I fall for exactly?
I have not seen anything posted recently which changes my outlook on this stock.
Same as a few months ago when everyone was anticipating 10/12p offers.......
Bit weird the new posters coming in sowing the seeds of doubt into so called LTH’s, and even stranger them falling for it.
Read the official releases and wait.....
GL
very strange. we all know the MRE will maybe roll in anywhere up to 10moz, double what it is now, so effectively 25p. And yet some of you lot think this will be a take out price?
The MRE is a year away from PFS, that's when we will really know what's down there. and why worry about 5% when we are still only just into P3.
The billion-pound company was before the J/V and a lot has changed since then.
The question I have in my mind is around the eventual confirmed size of the deposit versus the farm in agreement and 70% equals 65m spend. What happens if they can,t establish the full size within the existing spend agrrement? Difficult to value something if it is not fully explored. Could there be a secondary agreement? Experts here might be able to comment on whether the existing budget will reveal all but with these continued step outs presumably there has to be a limit on just how much drilling etc 65m covers? Thoughts welcome please.
Last year's AGM was on the 3rd December, will GGP still be around or will have Newcrest gobbled us up on the cheap by then ?
tom - I try to not embed a valuation into my reasoning which can be difficult as I don't want to elevate my expectations and end up feeling short-changed or deflated. For me, it;s more about managing my own personal expectations and therefore managing my emotional responses which sometimes I struggle with.
I was really attacking your musings more trying to prevent the 25p figure becoming imprinted on my memory, as it were
I will accept what the market delivers. I suppose if we choose to hold stock then other than selling whole or in part is the only other option left to us
good fortune
And if GH sells Hav, then we will all benefit. Till now his judgement has been impeccable. So no worries.
The beauty of this is that by the Oct 2020 quarterly exploration report by NCM we should also have an update from GH re SW drilling... So £1billion company...? Hell, yeah!
Who else is looking forward to the AGM?
My understanding is the same as yours Stuart. If Havieron get sold to NCM, GH does not need our formal agreement.
Spot on stuart. There is no requirement for the BoD to obtain shareholder permission to sell an asset. That is the type of decision they are expected to make.
im not sure shareholders will get a vote if they offer only for HAV, only if they offer for the whole company , well thats my understanding, anyone here able to clarify?
Which is why it so important to get those Scally drills done asap. My only concern is that 5% although i cant see Newcrest not purchasing it as they will want first rights to Scally.
tom - GGP is only worth what someone is prepared to pay for it. Putting an arbitrary value on GGP on a bulletin board doesn't change that fact.
Yep ditto that, all looking good this morning.
...and another 10% and we will be a billion Aussie dollar company (based on 1.8 dollars to the pound currently)
Gervaise always talked about GGP being a million pound company, here we are this morning at £500m market cap give or take and with Newcrest's lending drawdown a few weeks back is 25p now the take out price for GGP being a 100% premium to todays price ??
Squeaky bum time !