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Plode,
Taken from the Debt arrangement RNS fromMay last year:
"On 12 September 2022, Greatland Gold plc (AIM:GGP; Greatland or Company) announced that it had signed a commitment letter, including a terms sheet, for A$220 million seven-year debt and associated hedging facilities with a syndicate of leading banks: Australia and New Zealand Banking Group Limited (ANZ), HSBC Bank (HSBC) and ING Bank (Australia) (ING) (together, the Banking Syndicate) (Debt Commitment Letter). Further to this announcement, the Company is pleased to advise that it has received a Letter of Support, from the Banking Syndicate in respect of the proposed debt and associated hedging facilities (Letter of Support) which supersedes the Debt Commitment Letter.
Highlights
§ Letter of Support confirms the Banking Syndicate remains fully supportive and enhances Greatland's financial flexibility
§ The update saves the Company from incurring the commitment and other fees associated with the proposed A$220 million debt facilities until the Havieron Feasibility Study is finalised
§ The Letter of Support in respect of the proposed A$220 million debt confirms the Banking Syndicate remains fully supportive while the Havieron Feasibility Study progresses with several value enhancing options underway to maximise value and de-risk the project".
According to the above, there will not be any dilution of GGP shareholders.
Happy to clear that up for you.
Rex
No offence rex but that will mean nothing now , it’s a whole new ball game now
Rex, thanks for the reminder... but as Freddie says below, the challenges ahead don't get easier - you can't be an very wise investor unless you cover yourself -
Daft to quote an 18 Month old RNS -there could be an RNS out tomorrow that says different -and this Long before Newmont decided to off load Haverion - That bank facility will not touch the sides if we want to buy the other 70% AND develop it into a mine...and nobody has answered the question about the current decline (when it restarts) - Are Newmont going to continue to take 70% costs of this if they have already decided to offload - I very much doubt it......will the decline even restart at all until the 70% is sold....I dont think so.
There could of course be dilution if Greatland want the other 70% of Hav ! .. My opinion is that Greatland will be bought . They just can't afford it without massive dilution. That wouldn't be worth it . If gold prices continue as they are then Newmont might change their mind ....who knows !
Newmont have made it clear they only want to concentrate their efforts on a very few major earners and havieron is not one of them.
Newmont know that to have too many mines diverts effort and capital from the major mines,so do not expect them to change their mind.
If banks will lend $A220 mil for 30% then a similar risk is $A750 mil. for 100% this is why the high power board of directors has been assembled, People who have the confidence of the business and banking community over there.
However if ggp own 100% then the figure could be more than a pro rata figure as we cannot then be held back by our major partner.
Once in production $A1 billion, would not be an issue, as most of the development has been completed.
Where being bought out is concerned a lot of the PI's are not likely to vote unless the price is eye watering and it would need to be put to a vote.
I don’t think I’ve ever seen a chat board look forward with such enthusiasm to the potential size of a fundraise as to satisfy buying everything and 100% development costs.
I don’t think anyone has ever witnessed such a prolifically annoying cretin post so much carp on a share they’re not invested in!
but at least the subtle subliminal messages are becoming more transparent now, I guess it must be getting to the end game for you now 👏🏻
Message boards like this fester with super negative messages when people are losing money, never when making money. The share price has fallen, yep we know, we can read the graph so unsure why we need to be reminded. Nobody likes it. As I said either sell if you believe a recovery will not occur, or average down if you think it will.
If email relies on F2 then that terminally damages any credibility he thought he may have. Email that is.
IoT lacks a lot !
Pepsi, tries hard and is persistent. A hamster on a wheel has to be. Cannot compete with facts. And tries to change narrative at every. opportunity. Basically by pushing and looking for negativity in everything for nearly 3 years now. But remember, the first 6 or 7 months was under a different username as he tried unsuccessfully to cover his tracks.
The others...well they are the same people.
It’s all in the price Joob, as set by the market. But you’re OK. As you said. On track for you and your loose group.
Price is not permanent & neither is the Market.
Any investment i have in this company i didn't have at some point in the past. Way of the world. No attachment to outcome. Its' what I do, invest.
Investments work or don't, matters not as market always has opportunities. Do i make decisions based on what spivs like you post/suggest/share content (BTW, i love the fact you call your posts content). No i do not.
Would i be here if i thought it would fail? No. Have i tried to manipulate others into action? No. You though, its your job to do what decent people do not.
As a response. For clarity. Content.
Are you saying investments neither work nor do not?
Or the market doesn't present opportunities?
Or that i didn't start with nothing?
OR that i do not make my own decisions?
Goodness knows what you actually do. On this share. Or indeed what others here are actually doing.
And there it is.
You cannot engage on facts, thus conveniently ignoring aspects of the post. . It's probably because you live a lie and cannot remember what it is you have and haven't said.
Its tough for you.
I’ve yet to see you post a fact or a view.
There you go.
Took a while joubert but most people have cottoned on to what Pepsi is all about now, will have reinvent itself soon I guess
Ignoring the Facts is just more proof Peps.If that is all you can muster you are a beaten man.
We are being bombarded with crud. I would not engage them, just filter. They will soon run out of steam. I just consider them to be junk mail to be put in the bin.
My gentle post 0654 8th is what I think. What do you you think of that one?
Contrary views or facts. I don’t mind.
You have a go Trippy.
Is jd/delboy playing up again , mr bull lol
If I wanted an uneducated opinion about GGP I would ask the post man. He may of course talk more sense.
I’m waiting for Trippy’s educated view. So should you. We might learn something.
Pepper this is you everytime someone mentions your name 🎣 🎣