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Hi Maggie. Why dont you join, what was, our resident porki pie teller and buggre of, you are becoming a joke. Speedy
A very good morning to you too Jerry. At least one of the BBs idols is still here :)
He’s done very well out of Ggp, good luck to him only person who kissed his ass was that idiot djryan. Only problem with beethM selling is it gives you fuel to feed your doubt sowing fire you little weasel.
To be fair, he did say he was in until 12p and would then sell out.
Takes a while to drop that many shares
No you wouldnt Miagi, and you wouldnt see you making daft comments either......
Did you/do you respect Beetham, Tripptaka? One of the idols of the board has sold out, and it's no big deal. Turns out nobody really thought he was a big deal after all - I guess if I were to scroll back a couple of months I wouldn't see any Beetham arsen al kissing comments would I?
No one respects you so jog on sweetheart
I take that back. It seems that everyone who is invested here has their rose tinteds on, even some who I have a great respect for.
Thankyou Tmt, and best of luck to you too!
Of all of the investors posting on here, Addicknt has the right of it. Surprised he's still in to be honest!
TTB, I understand your point but politely disagree.
Newcrest's future, to a very large degree, revolves around Hav. It will do everything in its power to ensure it has full ownership. If it fails, it may as well kiss goodbye to its own future as an independent company.
Of course, this is good news for us.
Great post Tom the Bomb - very clear - thanks.
You have to wonder if GH is delaying drilling Scallywag, for some reason. Could Rio be interested in Scallywag? From previous sampling it would appear that copper is more prevalent than at Havieron, which could interest Rio.
I’m not sure how GH could delay until the ‘first refusal’ clause lapses, but an interesting situation is developing.
@miagi "And my final word on the subject - there are two issues in play there:
1) the "Tolling Principles" between GGP and NCM. Are there any loopholes that a well paid set of NCM lawyers, if they're even needed, can exploit? We are potentially talking many hundreds of millions at stake here."
Seems a pity it wasn’t your final word, but here’s my final word to you. It’s the responsibility of the Board of Directors to take legal advice and be sure they aren’t signing agreements with detrimental loopholes. If you think they are so incompetent that they failed to do that, don’t invest. If you want to convince others of their incompetence, provide a shred of evidence for your view.
Every company enters into large deals. If your approach to investing is that a company might not have sufficiently done its legal due diligence on any large deals, and therefore you shouldn't invest, you won't have to invest anywhere.
Good luck anyway, but I don't see any profit in discussing GGP with you anymore. You are expressing a fearful view of investing rather than a balanced weighting of risks. Exploration companies aren't for you.
I fail to understand why some people think anyone other than NCM will end up owning Havieron. That ship sailed the moment the deal was done with NCM.
The only question is whether they will want to buy the entirety of the project (which I think they will), or whether they will be happy to have us as a minority partner.
The next question is, will they buy the whole company? My view is that until we've seen the true picture regarding the rest of our concessions, they will not - and neither would it be in our interest to sell them until such time as they are proven.
This is all about our board negotiating a full value for the remaining percentage - and I'm confident they will.
Well it will all come out in the wash but Havieron is looking fantastic right now, there's so much more to come from GGP's Paterson projects too.!
Miagi.. I think you should stick to SOLG.. because you have,nt a clue what your talking about..If GGP were taken over then where is the 25% coming from with your white knight theory..If GGP was bought out / taken over then would that not be 100% gone..So your not making sense again.. Stick with SOLG who you think will be going somewhere or that BHP will want more than the 13% or why other SOLG big Investers are not happy with they way SOLG BOD are running things
Miagi..If there was a takeover then would,nt the company that,s taking over have to worry about that
Jambo - yes I do! You're taking the cart before the horse there. If the principles are void in the event of a takeover, then there is almost zero chance of a white knight taking the final 25%.
HeidH, NCM currently own 40% and are due to own 70-75% of Hav and yet you are confident that the mining license is being applied for solely in GGP's name?
Hmmm, why would the rough outline terms of the tolling principles be commercially sensitive?
Antigua, I'm asking very pertinent questions no? Or would you rather I were some green newbie, whose only question is: is now a good time to buy?! I think I know the answer. And you haven't answered my questions - am I right? Or am I wrong? That's far more important. If I'm wrong, you can easily counter all of my points, and I being a reasonable person, will change my mind.
Miagi365
Re your question “ 2) Do the "Tolling Principles" still apply in the event of a takeover?
Do you really think this is an issue. ?
I mean really ?
Really ?
?
Ok Miagi , probably was a bit harsh as it’s only your opinion. I just saw red when reading another chump asking why our market cap was so high.
I don’t get why some posters feel the need to post on a board where they are not invested. It’s one thing to ask questions and watch before making an investment decision but why waste your own time and others trying to argue with regulars Just to make a point.
Seems lots of posters pop up theses days resenting our position, but as you say it’s a free public forum. Don’t be surprised though when people challenge your reason for being here.
Why have the tolling principles not been made “publicly available” ?
I would have thought that was obvious.
They are commercially sensitive information.
That’s why.
IMHO
Can someone answer me this.
If the mining license was applied for in GGP’s name (and I have no reason to anticipate otherwise) then why should anyone be overly concerned about a fear that only NCM will call the shots.
If, even after NCM have met the requirements to obtain up to 70% of the JV, any outstanding (tolling costs, capital costs, mining plan, etc.) terms between both the parties cannot be amicably resolved, and NCM begin to try playing hard ball, then they may find out that the wheels start to grind exceedingly slowly, as the license holder is the one who will be putting mining plans/environmental cases/safety cases/permit requirements/etc. in front of the authorities for approval.
And given the Telfer facility’s urgent need to process higher grade ore to keep that operation commercially viable, then time is not something that NCM have on their side, and any delays caused by having to resolve disputes with their JV partner, especially so we’re the disputes to require to go through the courts as we all know how long that could take to resolve.
Just a thought.
And my final word on the subject - there are two issues in play there:
1) the "Tolling Principles" between GGP and NCM. Are there any loopholes that a well paid set of NCM lawyers, if they're even needed, can exploit? We are potentially talking many hundreds of millions at stake here.
2) Do the "Tolling Principles" still apply in the event of a takeover?
This is vitally important, and pretty basic, information that has not been made publicly available. Why?
TmT, from the 12th March 2019 RNS:
"The current intention of both parties is that, subject to a positive Feasibility Study outcome, the ore from the proposed Havieron Joint Venture will be toll processed at Newcrest's Telfer Gold Mine ("Telfer"), "
The "current intention" - that sounds rock solid to me. No worries, as they say.